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@derricky_eth

An absolute grinder and chaser, decentralization in protocols, finance,storage node. #SomniaNetwork

belt nation Katılım Temmuz 2023
1.4K Takip Edilen100 Takipçiler
ric..ki
ric..ki@derricky_eth·
What You Need to Know Cutoff is firm — any activity or claims after that time likely won't count toward Season 5 rewards Prepare ahead — don't wait until the last hour; network congestion happens Check official channels — Somnia's Discord or X (Twitter) will post final confirmation and any post-season instructions If you're holding positions, completing tasks, or expecting rewards tied to Season 5, make sure everything is wrapped before the cutoff. Season 6 presumably kicks off after, but details usually drop closer to or right after the end date. @Somnia_Network
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ric..ki@derricky_eth·
somnia lastest quest was a real hassle both the variance and DATA 2073. Tips for the data 2073 - download the epic installer, launch the DATA 2073 - lanch and link wallets on the top left conner - complete the tutorial and verify quest. - navigate to the game mode and pick pryon campaign. . complete all level from difficult one - three to continually recieve new cards as you level up guys. - lastly create a new deck . for the two different stages. . while creating make sure to fill the card on the deck section completely, after which you proceed to the next stage either solara or the voltarx campaign, here you only have to complete at least level 1 difficult for all five stages to be done. - head over to the shop and claim chips. - verify all quests for real. All done @somniaGames_ @Somnia_Network
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ric..ki@derricky_eth·
Concrete DeFi Vaults: Like a Laundry Machine, But for Money Imagine you throw a $20 bill into a washing machine. You come back an hour later and somehow there's $21 in there. That's a Concrete vault. Minus the wet jeans. Here's how it actually works: You deposit crypto. The vault takes your money, winks, and hands you a receipt token that basically says "IOU, but fancy." Behind the scenes, a strategy contract goes to work. It's like a hyperactive intern who's constantly running your money to different protocols, claiming rewards, swapping tokens, and reinvesting everything—except this intern never sleeps, never asks for a raise, and somehow doesn't mess up the gas fees. Meanwhile, you do nothing. The vault harvests yield, compounds it, and quietly makes your pile grow while you're doomscrolling or arguing about pineapple on pizza. When you finally withdraw, you get your original deposit plus all the yield—without ever having to manually claim, swap, or reinvest anything. Think of it as a robot butler for your crypto. You hand over the cash, it handles the hustle, and you just show up later when the money's ready. The only downside? It won't fold your laundry. @ConcreteXYZ @crypttoji
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SoSoValue
SoSoValue@SoSoValueCrypto·
Risk hasn’t gone away — it’s just being repriced into the weekend. Trump delayed the Iran decision by 10 days, but markets barely bounced. That tells you sentiment is still fragile. What to watch this weekend: • Any military escalation headlines • Hormuz-related developments • Whether risk assets start pricing in a wider conflict If tensions rise, crypto may not stay immune. Key weekend watchlist on SoDEX: $USTECH-100, $XAUT, $BTC #SoSoValue #SoDEX #Crypto #Macro #Trading #Bitcoin #Gold
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Toji
Toji@crypttoji·
The “you can really just do things” narrative is so real. Ask for that promotion, learn a new skill, be better than you were yesterday.
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ric..ki
ric..ki@derricky_eth·
@Orracklle Is this available in West Africa yet or is it just a US/Europe thing for now?
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Web3 Oracle
Web3 Oracle@Orracklle·
If you are reading this and you’ve been to a hospital before, you’d be shocked by the ghost economy trading your health History without your consent. First of all, did you know 98.6% of hospital websites use hidden tracking? Shocked? Here is the big issue, before you even see a doctor, your data is already being broadcast to brokers and big tech. 🧵👇 @AxonDAO $AXGT
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ric..ki
ric..ki@derricky_eth·
What Actually Is YOM? YOM is a decentralized cloud gaming and metaverse streaming network built on DePIN (Decentralized Physical Infrastructure Network) principles . Instead of relying on centralized data centers like traditional cloud gaming services, YOM uses a distributed network of gaming PCs—turning idle gaming rigs into cloud streaming nodes . Think of it as YouTube for AAA games and metaverses: instant streaming to any device, no downloads, no expensive hardware required . The Technology: How It Works Distributed Node Network YOM leverages a global mesh of community-operated nodes. Anyone can contribute their gaming PC's idle computing power—especially using the YOM NANO, a 2TB plug-and-play SSD that turns any gaming rig into a mini cloud streaming node . Node operators earn $YOM tokens as rewards. @YOM_Official
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BMA
BMA@bmaplmj·
SS5 is ending soonish, and Paul already responded that he will make a tweet about Season 5, confirming that an official update is coming as the season approaches its close. From a macro view, 8% of total $SOMI supply is reserved for future incentives, which immediately sets a hard ceiling on how large this season’s allocation can realistically be. @Somnia_Network max supply stands at 1B tokens, with 27.925% allocated to the community under a structured vesting schedule rather than an aggressive front loaded release. At TGE, about 16.02% of total supply entered circulation, primarily from community and ecosystem allocations, establishing the initial liquidity base. Current market data shows roughly 21–22% of total supply circulating, meaning unlocks are progressing gradually rather than accelerating uncontrollably. Vesting trackers further indicate that only a portion of the total community allocation has unlocked so far, reinforcing that most tokens remain time locked and emission discipline is being maintained. Combining tokenomics and unlock data, SS5 around 1.7–2% can still be a strong airdrop, while NFTs continue gaining long term value on Somnia.
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ric..ki@derricky_eth·
Concrete vaults transform complex DeFi strategies into a one-click experience. By separating custody from strategy execution, standardizing on ERC-4626, and implementing institutional-grade controls, they've created a system where users deposit once and watch their assets grow—while professional-grade infrastructure handles the complexity behind the scenes. The vault isn't magic—it's carefully engineered architecture that makes automated yield generation accessible to everyone from retail users to major institutions. @ConcreteXYZ @crypttoji
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Marjid Cryptonite
Marjid Cryptonite@marjidofficial·
WHO IS ACTIVE? I want to give out some #TON to five individuals but I want us to storm a platform with signups. Like I want us to crash this platform with signups and voltage. Lowkey you will like this platform too. But I want to first introduce my community to this platform. Let’s take it one step at a time. Let’s begin with signups first. PAY ATTENTION TO MY NEXT POST.
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Somnia
Somnia@Somnia_Network·
Somnia Unwrapped is live tomorrow w/ @0xPaulThomas, @LippyLipka and @Jack_gk Topic: Scaling The Future Of Somnia: Introducing Our CEO - Peter Lipka We will discuss Peter’s background scaling Improbable, what this leadership transition means for Somnia, and how the next phase of the agentic chain will be executed. 📅 Wed 25 Mar - 1:00 PM UTC Set your reminders.
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kian 🗿
kian 🗿@rakel8990·
Hopefully i'll launch it this week. still looking for MOAI holders and dedicated content creators (about concrete) we building...... gmcrete👋👋
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ric..ki
ric..ki@derricky_eth·
How Concrete DeFi Vaults Actually Work: Turning Idle Crypto Into an Automated Yield Machine. In the rapidly evolving world of decentralized finance (DeFi), Concrete vaults have emerged as a sophisticated solution for automated yield generation. But how do they actually work under the hood? Let's demystify the architecture that allows users to earn risk-adjusted returns without manual intervention. The Core Problem: Manual Yield Farming is Broken Before vaults existed, earning yield in DeFi was a full-time job. You had to deposit assets into lending protocols, claim rewards, pay gas fees, swap reward tokens, and reinvest everything manually. For most users, network fees would eat up profits unless they were moving millions. Concrete vaults solve this by pooling resources and automating the entire process. The Foundation: ERC-4626 Standardization Concrete vaults are built on ERC-4626, the standardized interface for tokenized vaults. Think of ERC-4626 as a universal socket—any protocol, wallet, or aggregator can "plug in" without custom wiring. This standard defines consistent methods for deposits, withdrawals, share issuance, and asset-to-share accounting. Before this standard, every protocol implemented vaults differently, creating chaos for developers and security risks from bespoke code. ERC-4626 changed everything by making vaults predictable and composable. The Two-Layer Architecture: Separation of Powers Concrete vaults use a modular design that separates two critical functions: 1. The Vault Contract (The Accountant) The vault acts as the gatekeeper and bookkeeper. Its responsibilities include: Accepting deposits (e.g., USDC, WBTC, ETH) Issuing ctASSETs (receipt tokens representing your share) Managing withdrawals and burning receipt tokens Maintaining the ledger of who owns what This contract is designed to be stable and rarely upgraded—it's the secure storage layer. 2. The Strategy Contract (The Worker) The strategy is the execution engine that tells the vault what to do with the money. It contains programmed instructions for: Where to deploy capital (Aave, Morpho, Curve, etc.) How to rebalance based on market conditions When to harvest rewards How to reinvest earnings This separation is crucial for security. If a strategy needs updating or contains a bug, the underlying vault—and user funds—remain safe. How the Money Actually Moves: The Deposit Lifecycle Let's trace a user's deposit through a Concrete vault: Step 1: Deposit and Share Minting When you deposit 1,000 USDC into a Concrete vault, you're not just storing money—you're buying equity in a pool. The vault mints ctUSDC tokens representing your proportional ownership. The formula works like this: User shares = (Deposit amount × Total shares) ÷ Total assets You don't own specific USDC anymore; you own a percentage of the growing pool. Step 2: Capital Allocation The vault pushes idle assets to the strategy contract, which distributes capital according to its programmed logic. A typical Concrete vault might: Deploy 70% to low-risk lending markets on Aave or Morpho Allocate 30% to higher-yield liquidity pools on Curve Concrete vaults use a plug-and-play strategy model, allowing new strategies to be added without redeploying the vault, provided they meet risk standards. Step 3: Automated Harvesting This is where automation creates value. Periodically, a harvest() function triggers (often by automated bots or keepers): Claim rewards from external protocols (lending interest, trading fees, governance tokens) Swap reward tokens on a DEX back into the base asset (e.g., selling CRV tokens for more USDC) Reinvest these earnings back into the principal pool The total pool grows, but the number of shares stays constant—so the value per share increases. Step 4: Withdrawal and Redemption When you withdraw, you send your ctUSDC shares back to the vault. The vault calculates: Withdrawal amount = Your shares × Current price per share You receive your original deposit plus all accumulated yield—without ever manually claiming or reinvesting anything. Advanced Features for Institutional Grade Infrastructure Concrete vaults incorporate several sophisticated mechanisms: Role-Based Controls Unlike many DeFi protocols, Concrete implements separation of duties across multiple roles: Vault Manager: Handles high-level configuration Strategy Manager: Controls deployment logic Withdrawal Manager: Processes redemption requests No single entity can unilaterally control funds. Major changes require multi-party approval or time locks, mapping to institutional governance structures. @ConcreteXYZ @crypttoji imagine without concrete.xyz we could be doing this. explore and partake guys.
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ric..ki@derricky_eth·
@ConcreteXYZ we stay locked despite the celebrations guys. topic of the day: How does vaults actually work ! @crypttoji
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