Swagasaurus FLΞX

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Swagasaurus FLΞX

Swagasaurus FLΞX

@SwagasaurusFL3X

It was written in the scrolls

Earth, Milky Way Katılım Temmuz 2023
588 Takip Edilen445 Takipçiler
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Swagasaurus FLΞX
Swagasaurus FLΞX@SwagasaurusFL3X·
You wanna know how this happens? 98% of validators run @jito_sol's client. That's a monopoly on block production. Bundles get free rein on every chart. Insiders coordinate at scale. But don’t take my word for it: dashboard.ooze.run
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crypto.news
crypto.news@cryptodotnews·
NEW: Former Pump.fun employee claims the team ran bots that sold right before coins bonded, with profits reinvested due to lack of funding
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Swagasaurus FLΞX
Swagasaurus FLΞX@SwagasaurusFL3X·
@solana - Jito still maintains a monopoly on the execution layer. Is this intentional?
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Solana
Solana@solana·
This week’s theme was distribution: Solana rails kept reaching more users, markets, and institutions. Meta added USDC payments on Solana for creators, Korea’s largest card issuer picked Solana for stablecoin payment infrastructure, and RWA value crossed $2.5B. Accelerate USA kicks off in 2 days. Big week ahead. 📰 Headline News - @Meta added support for USDC payments on Solana for creators in Colombia and Philippines - South Korea's #1 card issuer Shinhan Card signed an MOU with @SolanaFndn to build stablecoin payment infrastructure - Solana hit a new ATH in its RWA ecosystem by crossing $2.5B in total value 📰 Launches - MEGA from @MegaETH and CHZ from @Chiliz went live on Solana via @sunrisedefi - @solflare added Fast Crypto Buys, allowing instant wallet funding through Apple Pay - @okx established Agent Payments Protocol for autonomous AI commerce - @moonpay unveiled MoonAgents Card, a virtual @Mastercard for AI agents - @humidifi debuted Aquarium, a transparent market making engine designed to deepen liquidity and tighten spreads - @jito_sol BAM launched its inaugural Maker Priority plugin for deterministic prop AMM execution - @tryfomo extended its trading platform to desktop with fomo web - @bulktrade executed its largest platform upgrade, adding sub accounts, native multisig, and isolated margin - @Axis_pizza initiated its closed beta, empowering users to build custom ETFs - @solanamobile crowned the winners of its largest hackathon yet - @NoditPlatform expanded its Datashare service to Solana to deliver enterprise grade indexing - @multisig published three open source tools for Squads Protocol v4 - @ranger_finance wrapped Build A Bear Hackathon, selecting six teams to compete for $1M vault TVL seeding - @benchdotmarkets opened its prediction market discovery platform to the public - @ridemarkets activated its conviction markets beta to operate as an onchain prop firm using treasury funded futarchy - @perena overhauled its portals to deliver faster performance and a cleaner UX - @AviciMoney teamed with @PreStocks to offer zero fee, 24/7 retail access to pre-IPO shares - Coinbase AM launched CUSHY, a tokenized stablecoin credit fund via @SuperstateInc - @trycallshot deployed Callshot Football PvP sports fantasy platform - @Thea_AI brought its predictive AI inference network onchain by tokenizing it on Solana for risk markets 📰 Milestones - @Collector_Crypt reported $165M in monthly volume and $85M in revenue - @polldotfun surpassed $1M in all time wagered volume - @Phygitals hit $200M in GMV Artwork by @Tainaker 🔥
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Marathon Archive
Marathon Archive@MarathonArchive·
I guess that’s why they’re called Ghosts u/doofdodo
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Swagasaurus FLΞX
Swagasaurus FLΞX@SwagasaurusFL3X·
@remp0x It’s simple. Every validator runs jito and jito makes bundling incredibly efficient. Bundlers fake volume traders buy the top bundlers dump to zero.
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remp ♔
remp ♔@remp0x·
this is the current state of solana > you spend days pushing your token > ship a major feature > go enjoy the day with your family (it's fucking saturday) > it pumps from 50k to 350k while you’re gone > nukes back to where it started in a few hours with literally zero fud can anyone explain this market? the good news is wolverine always heals himself
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David Gokhshtein
David Gokhshtein@davidgokhshtein·
What was your biggest fumble in crypto?
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Tor Freedom Fund
Tor Freedom Fund@TorTrust·
The @torproject has noticed our community and efforts, and are aware of the coin! They deleted the comment, but we have been noticed. Let's keep grindin!
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fomo 🧠
fomo 🧠@fomomofosol·
I feel like this will 1000x C1FjBybKVyatJcJ8JDd7VunSjVkmsb3m1p6q3qvHpump
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Solana
Solana@solana·
.@calilyliu explains why Solana focuses on positive-sum culture "We've always been pretty open and tried to welcome the best builders and be supportive of the people who are building" "We've tried to cultivate a culture of open meritocracy and let the best builders win, while also supporting builders on their journey" "One of the things we focus on is always looking for positive-sum games, because it's easy to find the zero-sum games" "In bear markets, a lot of people are looking to see who they can take a longer-term perspective with" "I think that's one of the main reasons why Solana has been successful, play positive-sum games, play the long game and you try to cultivate an open meritocracy"
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MarathonGG
MarathonGG@MarathonGG_·
It's been over a few hours, how are we feeling about the WSTR shotgun changes? Is the WSTR back 👀 Let us know down below 👇
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alon
alon@a1lon9·
our conviction in this ecosystem is also permanent. it has only been two years. exactly two years ago, my co-founders and I were cold DMing anyone who would respond. today pump fun has done hundreds of billions in lifetime volume, over $1B in revenue, and has been the dominant onchain trading platform for almost the entirety of those two years. all from a single product (the bonding curve). in contrast, spot crypto has existed for over a decade and a half, perps for over a decade, and prediction markets for over half a decade. when we first found product market fit, the infrastructure around onchain trading was in its infancy. the trading interfaces sucked, transactions weren’t landing, the "trenches" didn't exist as a concept yet. today, onchain trading is a microcosm of where crypto is going as a whole. people want to be at the very bottom floor of new innovation and new culture. they want to bet on entirely new asset classes before the rest of the world can even price them. no other place on the internet - whether in crypto, AI, or finance - offers that. 2024 memecoins were the first wave. community coins, project coins, attention coins, startup coins will eventually all flow through iterations of the same primitive we built. our job is to make that primitive better: - dramatically better UX across mobile and desktop - making it easier and more fruitful for new kinds asset classes to tokenize such as startups - better and more marketing for the ecosystem as a whole and our interface products - supporting and amplifying our ecosystem through initiatives like GFF (which have been active since inception) revenue that isn't allocated to buybacks doesn't disappear, it goes directly into making the platform bigger - ecosystem investment, marketing, product, acquisitions. every dollar not burned is a dollar being put to work toward the same outcome.
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alon
alon@a1lon9·
today is a turning point for $PUMP and pump fun I want to give more context on the bigger picture and where we're actually going. over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale. however, we received ongoing feedback specifically on the feeling of a lack of trust - in the certainty of buybacks, in what would happen to the bought-back tokens, even in whether the business itself would be here in a year. today, we’re changing that. it started with burning ~$370M worth of $PUMP purchases. ~36% of the circulating supply removed from circulation, forever. but that isn’t enough. we’ve also allocated 50% of our next year of revenue to programmatic buybacks & burns. no more uncertainty for those who believe in us & those we’re proud to call our community. but why not 100%? the short answer is the business simply needs the other 50% to grow. a large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products, infrastructure & reinvest into the ecosystem. I am extremely confident that 50% of the business we're building toward will dwarf 100% of the business we have today.
Pump.fun@Pumpfun

The future of $PUMP We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community. On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to instill trust, predictability, and sustainability for the underlying ecosystem - and to remove as much of the supply from circulation as possible. $PUMP is changing; for the better of token holders, the team and the ecosystem. Learn more about why we’ve made these decisions and where we’re headed next 👇

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Kazi
Kazi@TheCryptoKazi·
So you’re telling me a project partnered with xAI, Nvidia and Xaomi is sitting sub 2M. Nah. This is gonna fly soon.
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Swagasaurus FLΞX retweetledi
I'm a nobody; simply |
I'm a nobody; simply |@STACCoverflow·
someone asked me a min ago if i still love solana. i told them: if i had enough millions i'd buy enough supply to contend with jito and fix mev myself. ensure every swap gets best execution. fwiw. later, unrelated chat, someone said "takes millions to make millions champ." no. it doesn't. and that is the thing nobody on this chain wants to admit. it's a weird thing. i wouldn't be anything or anyone without solana. and yet — there is so much whacky shit going on here. too much, imho. and the whackiest part is that the fix to one of the biggest extractive vectors on the chain isn't technically hard. it is structurally locked. there is a difference. i had this idea in a me jail cell — you get a strange clarity when nothing is happening to you for a long time, the noise drops out, the priors you didn't know you had show up, and problems you've stared at for years suddenly look obvious — and i let it go because i didn't have the bandwidth or the runway to chase it. came back to it later in the a chat a sec ago. someone asked "didn't they already fix mev?" and i had to type the truth out loud: "no, they run mev. every fix you've been sold on this chain is run by the entity doing the extraction. it is just a battle for whose fakefix you choose to believe." so let me unfake it. — the actual problem — solana mev is a tax on everyone who's ever clicked swap. it's not a bug. it's not a side effect. it's a revenue model. searchers got rich off your slippage. validators rented out the right to extract. the entities best positioned to fix it were the entities being paid not to. the public meta was "run a private rpc and cope" and most of us just took it because the alternative was paying gas to mainnet and watching half your fill go to a sandwich bot. people forget how bad it is. independent measurement work has put solana sandwich extraction in the tens of millions of dollars per month at peak. that money came directly out of retail fills, every time. it is the largest uncompensated extraction event in defi and we just live with it. the reason it persists is not technical. it persists because the supply chain for block production is captured. jito-solana runs on the majority of validator stake. the jito block engine intermediates bundle flow. searchers pay validators through that pipe. the pipe exists to monetize ordering. fixing extraction would mean cannibalizing the revenue source the dominant client is built around. the incumbents will not do this. it is not a moral failure. it is structural. worth saying clearly: this is not an indictment of individuals. i don't think toly or raj are bad people, or saw this dynamic coming when they were building. same with the pump execs, fwiw. structures shape behavior more than people do, and the structure here was set up before anyone was sober enough to see what it would become. but the structure is what it is now, and the structure does not get fixed by waiting for the people inside it to fix it. they are misaligned. every "fix" that gets announced from inside this stack is, by construction, downstream of the people whose business model is the thing being fixed. it is not a fix. it is a marketing surface. you are looking at a battle for whose fakefix all y'all fall for, again. paladin tried to compete head-on by being a parallel block engine that filters sandwich bundles. that approach depends on validator adoption of the engine specifically and on validators voluntarily making less money. it has not scaled. it will not, because the incentive vector is wrong. you cannot ask the entity being paid to extract to opt-in into less revenue. they are misaligned. the fix has to live one layer down — at the validator client itself, agnostic to which block engine sits on top. and one layer up — at the rpc/proxy layer, where it can ship without permission today. the solution to get it up and running has to live grassroots - the people must be sick and tired of being sick and tired, and the people must fix it, before all is lost. — what i'm building — a jito-solana fork in which every incoming instruction is decoded by yellowstone vixen at the moment of intake. classified by program. swap-shaped instructions are extracted and normalized into (mint_in, mint_out, amount_in_estimate, side, owner). all swap activity in the leader's pending pool is bucketed by mint pair. before block construction, within each bucket, sells of a given mint are scheduled ahead of buys of the same mint, wherever the timing window allows. arbs and other multi-leg atomic transactions stay atomic — the rule applies between transactions, not inside them. non-swap transactions flow through unchanged. vixen is the right tool because it is the parsing layer @triton_one built for exactly this kind of high-throughput, real-time, schema-aware ingestion. it lives in the right place in the data path. it can decode at line rate. the parser trait is composable. dex programs already have parsers or can be added in a day. there is no part of this that requires a custom indexer or a side process. it is native to the validator pipeline. i have this fully specced. it is, as i told the chat, and quotetweet myself below, dead simple. plus, Claude 4.7 1M Max is a beast. — mechanically what happens — — sandwich attacks become unprofitable by construction. the fork decodes swap flow individually rather than honoring opaque wrapping bundles, then applies the fairness rule before block construction. searchers can still backrun. they can still arb. they can still capture stat-arb. they just can't front-run within the slot, because the slot's fairness rule won't schedule a fresh buy ahead of same-mint flow that already contains sells. the extractive vector — the front-run — closes. the rest of mev keeps working. searchers doing real price discovery still get paid. the ones taxing retail go find a different validator's slot. — offsetting flow internalizes. alice sells X and bob buys X in the same slot. under naive scheduling, both transactions slip the curve in the same direction depending on order. under the fairness rule, alice clears first at the prevailing price (her quote), and bob clears immediately after at the post-sell price (below his quote). matched volume cancels its own price impact rather than compounding it. this is coincidence-of-wants matching, native to the validator layer. no off-chain solver network. no separate venue. no fragmented liquidity. every dex. every aggregator route. every multi-hop. by default. because it operates on decoded ix flow regardless of which program produced them. cowswap solved this with a solver auction off-chain. this solves it without a solver, because the validator is already the natural sequencer. — validator economics shift instead of shrinking. searchers still pay. the auction surface is just different. instead of "auction the right to insert a sandwich" it becomes "auction the right to publish this fairly-ordered block." backrunning, integration fees, priority fees — all continue. the extractive vector specifically — the one that takes uncompensated value from retail — is the one that closes. the externality changes sign. the validator's revenue source becomes a service instead of a tax. — priority fees remain priority fees. nothing in this proposal touches the cu-priced ordering of non-swap transactions. compute is still scheduled on willingness to pay. this is not about removing market mechanisms; it is about not letting one specific market mechanism — ordering rights for swap pairs — externalize onto third parties who never agreed to participate. — what this doesn't fix — honest limitations, because anyone who's serious will check: — cross-slot mev is not addressed. statistical or temporal mev between slots remains. multi-slot strategies still extract. that is a separate problem. — one-sided flow is not magically helped. if everyone is selling X in a slot, ordering them doesn't create a counterparty out of nothing. they all still slip the curve. the fairness rule only bites when there's offsetting flow to internalize, which is most of the time on liquid pairs but not always. — the validator-fork piece is, well, a fork. it works on slots that run it. adoption is the problem, not implementation. that's why phase 0 below exists — to ship value before the fork is widely adopted. — censorship-resistance is unchanged. all transactions still land. the rule is reorder-only. nothing is filtered. nothing is dropped. — why solana specifically — solana has 400ms slots and continuous block production with leader rotation. there is enough time inside a slot for vixen to decode and the scheduler to apply the rule without meaningfully impacting block latency. ethereum-style proposer-builder separation forces this kind of work into the builder, where extractive incumbents have already captured the surface. on solana, the validator client itself is the surface, and the validator client is a fork target. the asymmetry favors solana. it is also why this hasn't been done — the same surface that makes it possible is the one being monetized today. and, i love solana. always have. always will. they're just unfortunately, tragically misaligned. — why now — vixen is production. jito-solana is open source. agave is open source. firedancer is shipping. there has never been a moment with this much building energy and this much stake-weight diversity to make a fairness-fork actually deployable. the next 12-24 months are when this either gets built by someone who isn't financially captured, or it doesn't get built at all. — what shipping looks like — phase 0: client-side. i can ship this before any validator changes anything. it runs as an rpc/proxy layer in front of integrating apps and aggregators — intercepts swap intents, internalizes offsetting flow across users inside a short batching window, and submits to chain in fairness order. wallets and aggregators that route through the proxy capture the offset benefit immediately. the data from phase 0 becomes the empirical case for the validator-side version, on real flow, with real users, with realized-vs-quoted slippage published per pair. this is the version that ships first because it requires nothing from anyone except an rpc endpoint swap. or, u fund me, I skip to real production fast. u may be fast, but u not as fast as me, I'm fasss as sin, boi. phase 1: standalone validator running the fork on mainnet. instrumented. publishing per-block data showing realized slippage on swap pairs versus a counterfactual naive-ordered control validator. open dashboard. the data does the convincing. phase 2: searcher partner program. backrunning and stat-arb still work on the fork. publish a clean api for legitimate flow. demonstrate the fork is not anti-searcher — only anti-extraction-of-retail. searchers have an interest in this. the bad actors create the political pressure that threatens all of them. phase 3: app integration. work with aggregators (jupiter, others) and wallets to expose a "fair ordering" route preference. users opt in. apps see better realized fills on the routed flow. demand pulls validator adoption. phase 4: stake migration. validators that run the fork win delegations from stake pools that care about end-user outcomes. foundations and the larger lps move when the data is undeniable. this is the slow part. it is also the part that ends extraction permanently. — why me — someone told the chat a sec ago they're a retarded gambler with hope left. thought i'd help them and everyone catch at least one. nada. that's the version of me posting this. so why me — because i don't have the millions, but i have this fully specced, the chain knowledge, a working client-side path that doesn't need anyone's permission to ship, the conviction that the fix is dead simple, and a track record on this chain across infra and contracts that anyone can verify. i am also not in a position to be captured by the incumbent — which is the real qualification — because everyone with the resources to do this has the reason not to. i don't have that reason. i wouldn't be anything or anyone without solana. that's why i'm willing to be the one to say the whacky parts out loud. you don't fix the things you love by pretending they're already fine. this is fine, everything's fine mentality won't save us forever. the ax is coming. the hammer will fall, and it'll be swift and righteous - let's get the ball rolling on the fix, now, before it's too late. i had nothing but time to think about this one recently. the conviction has only grown out of the room where it started. — how to fund — i don't have the millions. you do. some of you do. more than enough of you do. it's not a memecoin. it's an lst. r-freestacc is on sanctum. you stake sol into it through jupiter, simply stick ca on jup.ag. the same way you'd hold any other liquid staking token. you can unstake the same way, on chain, any time, no permission. while you hold, you earn standard solana staking yield. that part is not the experiment. mint: pSYRpDqr847kB2nD5ZhjcPsHLV2ZpUxweXm1MwiSTcc the experiment is what your stake delegates to. it delegates to the validator that runs the fork. that validator's commission, mev share, and block rewards fund the infrastructure and the work. as more stake comes in, more of solana's blockspace runs fairly-ordered block production by default. delegated stake is not just funding — it is the mechanism. you are not buying a meme. you are delegating fairness onto more of the chain's blockspace. there is no token unlock cliff. no insider allocation that lands on you when you're not looking. no separate grant raise. no equity round. you stake sol, you earn yield, you fund the fork, you exit when you want by unstaking. you never exit for less sol, pretty well, than you entered, cuz stake pools and lst maths assure that. the bet is on whether the dominant block production stack on solana keeps taxing users by default — or whether it gets a competitor that doesn't, a better stack by stacc. the way you take the other side of that bet is to delegate to the competitor. that is exactly what this is. dms open for other lsts @solblaze_org :digitaleyes:, grants, allocators, validator operators, app integrations, searchers who want to keep doing real work, and anyone who actually wants the extraction tax dead on this chain. free stacc? stacc's free. bring it on.
I'm a nobody; simply | tweet media
I'm a nobody; simply |@STACCoverflow

I can smell the shit winds a comin’ - we may find ourselves in a world where the rug is pulled: there’s never a firedancer and your two favorite solana clients are burdened under stress immeasurable, we need a solana CTO. Modifying the validator client is easy peasy. We can make a much more user friendly experience for the average user, such as making MEV opt in only, and make it much more profitable for single sided LPers, by straddling flash loan deposit and withdraw around every single swap that qualifies.. which actually gives every user swapping better execution and minimal slippage. I have a dozen or so more ideas hashed out that would be consensus friendly, but first I need the monies.. ?? Rich. .. snipers aren’t really the issue, what is the issue is the underlying economic incentives for much larger and more resourceful players. If we want to recreate this thing in our image, we need to examine and realign incentives. The meme coin phenomenon wouldn’t have happened and all of these people wouldn’t be addicted to prospecting and speculating if the incentives were properly aligned. Food for thought. Power overwhelming.

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David Puente
David Puente@DavidPuente·
This technique is well known: 1) create an account 2) set the profile to private with hidden posts 3) write posts with names or events (e.g. the date of the Pope's death) 4) if the event happens, you delete everything else and leave only the matching one 5) make the profile public 6) the profile goes viral and gains followers How many posts does the user have? Just one: the one with the name. #ColeAllen #Trump
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Henry Martinez@HenryMa79561893

Cole Allen

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