Valentin “Vlat”

@radbackwards Hoshinoya is next level

Japan is the most beautiful place on earth

@levelsio Don’t argue for it but also say that’s what you need for a bubble to form It’s often a timing mismatch of actual and estimated adoption rate

This is one argument why I don't think the AI bubble is popping yet There's still lots of people not using it or not using it to its potential

CT degens will end up looking like penny stock traders or silver bugs. They hit a big winner once, but never adapted, sitting around in eternity waiting for the next runner

@llamaonthebrink @MikeIppolito_ App to swap tokens

@MikeIppolito_ What would you call uniswap

dApps are not a thing. It's a nonsensical concept. There are only apps. Time to leave this idea behind. Thank you.

Broker wars are on

The recent Invest Like the Best with @jeremygiffon brought up one thing that investors always fall into again. Somehow, in social/algorithmic discussions, they always start to fight due to timeframe differences on the timeline. There is also a huge misalignment of incentives between reading the timeline and being a longer-term investor (which most people should be, because they can't win at short-term games). The timeline actively pushes you towards thinking short-term, and therefore resisting it is definitely the path to edge. You actively hurt your psychological judgment by being on here, since it triggers the emotions inside you that lead you astray. You also don't miss anything people will tell you. Most of the times it's an illusion that "knowing what's going on" is in any shape or form helpful for your investing. Especially since the Noise/Signal ratio is extremly high nowadays. It mainly introduces recency bias.

@fede_intern Best combination in football entertainment out there

Henry and Ibra are two of my heroes. I love that Fox has hired them

@matthuang @danrobinson Congrats!

Paradigm’s 4th fund $1.2B to invest and build in crypto, AI, robotics, and other areas of the technical frontier

@duelinggalois @ammalgam 👀

I am very proud to announce that we have launched the @ammalgam protocol. I have spent the last 4 years building a simple idea, a dex coupled with a lending protocol to create capital efficiency for dex liquidity providers, and the utility to borrow anything. There is a lot to say from a technical perspective about the construction of various elements of the protocol. It is complex, this was the cost of building something that can theoretically support borrowing on any token. Decoupling off-chain crypto trading data from lending markets is a critical step to unlock decentralized finance. Some critical features: - Dex trading assets are automatically lent out in the integrated lending protocol to earn swap fees and lending fees - Dex trading assets can be used as collateral to borrow against, unlocking neutral, long, and short market making, and leveraged liquidity. - Leveraged market making is similar to concentrated liquidity in its effect, but uses borrowed assets rather than a protocol mechanism - Users can borrow dex liquidity shares to allow for turning impermanent loss into impermanent gain. - liquidity is fungible allowing for both simpler math for borrowing calculations and easier matching of users needs, similar to the advantages of perps over options. - Swap fees scale with price change impact rather than swap size to allowing for algorithmically pricing informed vs uninformed order flow to the dex. Additionally making it expensive to manipulate the price - A series of protections are in place to protect the concept of price from manipulation, using a price range from multiple twap lengths and spot price, pricing assets with the worst price in that range for ltv calculations, and limiting recorded prices in the twap to move 10 ticks per block to ignore outliers. - Each new loan is checked for its impact to liquidation risk by bucketing the price curve into 25 tick tranches and capping how much potential liquidation risk can be supported in each tranche by pool swap reserves in case of cascading liquidations. - Debt spanning multiple tranches can be liquidated in chunks, one tranche at a time using a dutch auction that increases the premium as the ltv of that chunk increases. This ensures that massive loans are not at risk of destroying the price by being liquidated all at once (👋 @newmichwill). Perhaps some will say that the design and concept we put forward is similar to something else. This is likely true in many facets of what we built, we surveyed everything that has been built and took ideas from everywhere, this wouldn't be possible without the free sharing spirit of open source code. As such all contracts are open source and available to view on etherscan. We spent a tremendous amount of time and effort working to fix all the issues we could find. Perhaps it was enough effort, perhaps it was not. Today marks the start of the final audit and the start of our ability to find product market fit. Today ends one chapter and start the next. I am looking to get in touch with: - Creators of tokens - Vault operators - Providers of on chain market making liquidity - Anyone who has used a lending protocol before on chain - Swap aggregators - Searchers - And anyone else who is curious about how to leverage what we built

This was literally me in 2014

Ammalgam is LIVE on Ethereum mainnet. Trade impermanent loss for permanent gain: ammalgam.xyz

@hosseeb What’s the cac and ltv on that usage Airdrop vvv for free to give them life long usage Make it make sense

On tokens vs equity, Venice, and $VVV

Tokens are seen as Equity light by market participants The complex takes advantage of it by not communicating it probably Buyers deserve transparency towards what they are buying and what they are explicitly not buying The cant longer wait for "we will be in the future" "when regulatory landscape changes" promises

Investor unlocks are mostly done. A fundamentals-driven rally that is not linked to a rising token price. The gacha machine is the growth engine. A secondary market for all kinds of collectibles is the opportunity. Thats the bottom line with more layers of the stack to capture. Buy a Pokémon card on eBay and compare the experience to buying one on Collector. Think about the tax implications in some cases.

can someone explain the solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp bull case to me? barely any of the revenue is actually flowing into buybacks. heavy token unlocks over the next 12 months ($5 - 10m monthly?). many people say the revenue/mcap ratio looks good, but that comparison doesn't make much sense to me if revenue ≠ buybacks. + with such an aggressive upcoming vesting schedule, i like to take a look at the fdv. and 400m fdv doesn't sound very appealing to me. i can see the narrative for short-term trades as solana beta play, but the upside still seems very limited to me. please enlighten me if i am missing something.

@sentient_agency best VPN out there use it since 10 years

A Swedish VPN company got physically raided by police who seized their servers looking for user data. They found nothing. Not because Mullvad got lucky. Because they built the entire company so there was never anything to find. Since 2009 they haven't collected an email, a name, or a password from a single customer. You sign up by generating a random 16 digit number. That number never touches your identity anywhere. Their servers run entirely on RAM instead of disks, so the moment a server powers off, everything on it is gone. Police can walk out with the hardware and walk away with an empty box. The raid became their best advertisement. A company can't leak what it never had. It can't be subpoenaed for logs that don't exist. It can't quietly hand your history to anyone, because there is no history sitting anywhere to hand over. 5 euros a month. Fully open source apps you can read line by line. 18 audits and counting. Most VPNs promise privacy. This one got tested by an actual police raid and passed. mullvad.net

@Fiskantes Token to raise, equity to distribute

tldr: token to flip, equity to keep

@Bookof_Eth @DeanEigenmann @wagmiAlexander You could by it cheaper by buying Amazon which was at 11bn market cap with 8bn in revenue basically got a logistic firm for free for a cheaper price What’s always missing in those arguments what do you envision the fees to be in 20 years?

@DeanEigenmann @wagmiAlexander PE assumes mature cash flows ETH is settlement infrastructure for a $100T+ asset class that's 1% tokenized Valuing it on current fees is like valuing AWS in 2006 on that year's revenue lmao

the winners over the next 12 months are going to be protocols that can be fundamentally underwritten they will drastically outpace other assets like BTC

@Claynosaurz This is how it should be

BREAKING: CLAYNOSAURZ TO DISTRIBUTE 15% OWNERSHIP TO THEIR HOLDERS We've set aside a 15% allocation of options in the equity of the Claynosaurz brand. This will be for our eligible ecosystem holders to participate in our future growth. Next week we’ll launch an allocation website to check your position, along with detailed information.

There is a huge second mover chance in onchain businesses that just go equity without ever having a token and dealing with the drawbacks of it

Highly agree! There is always nuance for why a startup has been doing a token or had to There is precedents for great founders who only could raise with a tokens who run very successful businesses to date but needed the "fast money" But if we continue this path it just leads more and more to beeing a lemon market We need more standards & rules for a big change and cant just continue with business as usual at this point

@cryptovlat yeah in a way we are way overcomplicating things when the solution is pretty simple however, due to all of the differences/complexities within each project it leads to getting bogged down on minor nuances/details (which do matter but not for the broader change we need)

Just go equity or set it up as tokens beeing the only value accrual Iam sick of this discussions with founder and other investors