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Brian Li
233 posts
Brian Li
@brianli101
🏗 founder at @frenslol, @ycombinator W20, @DukeU
San Francisco Katılım Mart 2020
1.5K Takip Edilen1K Takipçiler
.@dwr and @varunsrin gave decentralized social their best shot. Sometimes with startups things just don’t work out the way you hoped. You try your best to do right by your team, your community, and your investors. That’s exactly what they did 🫡
Dan Romero@dwr
Given some rumors, wanted to post a few clarifications: Farcaster is not shutting down. The protocol works and will continue to work. There were 250,000 MAU in December and over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup and plans to shift Farcaster in a more developer-focused direction. As for Merkle, we’re planning to return the full $180M raised back to investors. Over the last 5 years, we tried to be a good steward of investor capital. Finally, I bought my house with Coinbase IPO proceeds.
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Betting that Polymarket's new Bridge & Swap endpoints will become the largest source of funds flowing to Polygon from other chains. It fixes the biggest challenge for getting USDC.e which is not offered by any major crypto onramps. They’re going to commoditize bridging infra services and open up a new revenue source with a fee on volume 🧠
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@joostienXD @Polysights @Polymarket @PolymarketTrade It's amusing watching this market flip to tomorrow (Nov 13th) on the resolution criteria, highly doubt the Office of Personnel Management is going to update their status page in the next hour
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The day is almost done and these fresh wallets dropped large on the gov shutdown ending today via @Polysights
y'all think we are gonna see them win big??? 0.o
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Spent the morning trying to buy @punkdotauction with 13 failed transactions... Saw $PNKSTR drop by 60% on a $2.8m sell clip so just bought that instead
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@MeebitsNFTs @token_works Yes, NFTStrategy is massive for NFTs.
But what excites me most is what this implies for fair launches and value accrual for the next generation of tokens.
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$PNKSTR is the first token where I can root for red on the charts 🤯
NFTStrategy by @Rhynotic @token_works is not just the most exciting thing to happen to NFTs in years—
it’s a masterclass in incentive alignment and a breakthrough in fungible tokens.
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@MikeSylphDapps I actually think it’s better this way without enshrining in the contract because it makes the underlying token more composable and easy to integrate into other protocols like lending markets. This was more an observation of the effects of that trade off in practice
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@brianli101 This was bound to happen. If they wanted to enshrine the fees they would have needed to make the token contact itself implement them.
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A $PNKSTR learning: someone created another pool that doesn’t extract fees during the swap and bypasses the value accrual mechanism. Matcha is already routing there for some trades to get better prices on buys. This will dampen the collected fees within a +/-10% range
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@Rhynotic Yeah this makes complete sense, just the nature of building with composable blocks 🤷♂️ Btw not saying the mechanism needs to be adjusted at all, I’m actually a big fan of the design! I have long term conviction so expecting price appreciation to drive fees
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Getting sent a few of these posts about 3rd party pools offering better rates than the site.
1. These pools have lower liquidity. The majority of the liq is in the main pool with the fee. Only small buys will get a better rate. Also Punk sells (and buy/burns) route through the main pool.
2. Price discrepancies will cause people to try to arb between the pools (This is still volume through the main hook)
3. These pools are only good for stable prices imo. This token is extremely volatile as we've seen, which has risks of Impermanent Loss for LP'ers
4. There's nothing I can do anyway
This is the trade-off for letting people freely transfer and keeping it completely decentralized and allowing more freedom for holders. But IMO not a concern or a reason to lower the fee.
Brian Li@brianli101
A $PNKSTR learning: someone created another pool that doesn’t extract fees during the swap and bypasses the value accrual mechanism. Matcha is already routing there for some trades to get better prices on buys. This will dampen the collected fees within a +/-10% range
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