gnar

3.9K posts

gnar

gnar

@gnarzilla

CTO @pumpcade | ex @limitbreak senior solidity engineer

United States Katılım Haziran 2010
860 Takip Edilen2.5K Takipçiler
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gnar
gnar@gnarzilla·
I’ve been obsessed with @pumpcade ever since @PopPunkOnChain told me about the pivot to parimutuel markets for streams It opens the door to an enormous design space for integrations, participation, and new market experiences Couldn’t be more excited to bring this from 0 to 1
Pop Punk@PopPunkOnChain

Excited to share the first people that will be joining the @pumpcade team. @gnarzilla - CTO @steoniy - CPO I’ve been fortunate to work closely with these two guys during my career and am extremely lucky to bring them onboard to build the fastest prediction platform Pumpcade.

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gnar@gnarzilla·
@ewarren You should probably just retire
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Elizabeth Warren
Elizabeth Warren@ewarren·
The Big Four airlines (American, Delta, Southwest, United) control 75% of the U.S. market. Fewer choices = higher prices for you.
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gnar@gnarzilla·
Something feels deeply broken about Warren’s politics. She built her brand fighting incumbents and concentrated power. Somehow that has turned into policy outcomes that protect incumbents and weaken the alternatives. Spirit is just the most recent example. It was one of the few airlines putting pressure on low-end fares in a market the Big 4 already dominate. Blocking the JetBlue deal was framed as protecting that pressure. Now Spirit is in bankruptcy, liquidating assets, cutting routes, and that low-cost pressure is disappearing anyway. Consumers lose the option and the larger airlines get stronger. She also attacked crypto in the same way. FTX was centralized custody failing. Instead of focusing on custodians, Warren uses it to attack the entire space, including self-custody and open rails, the parts designed to reduce reliance on intermediaries. At what point is there an investigation into her?
Elizabeth Warren@SenWarren

I've warned for months that a @JetBlue-@SpiritAirlines merger would have led to fewer flights and higher fares. @JusticeATR and @USDOT were right to stand up for consumers and fight against runaway airline consolidation. This is a Biden win for flyers! apnews.com/article/jetblu…

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Pop Punk
Pop Punk@PopPunkOnChain·
April was nuts for @pumpcade - team grew from just me to 4 employees (actively interviewing growth leads now) - announced pre-seed, seed, and ACE round - announced tokenomics We're load testing open beta now. It's a much more optimized version of the 4 month closed beta.
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James Hall ✋ 🍌
James Hall ✋ 🍌@imjameshall·
There's a lot in here from @PopPunkOnChain @gnarzilla @steoniy and @0xRookmate here. It's long, complicated, and it should be. How else do you tie a token to an app's ecosystem thoroughly, it requires deep work and thought. "Users do not need to understand the token in order to contribute to the tokenomics system" AMEN. Web3 at times stumbles over itself to say its web3. We don't have to. I rarely mess with coins on SOL but I knew pop had a great vision. anyways, pumpcade.
PUMPCADE@pumpcade

x.com/i/article/2049…

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gnar@gnarzilla·
CeDeFi is being exposed - these hacks almost always boil down to social engineering. Things like broken language, poor copywriting, fake sounding information are all no longer obvious red flags when looking for phishing scams, a local LLM can easily copywrite legitimate sounding comms for scammers now. Products with admin keys, multisig or EOA, are all at a much higher risk than they were even 6 months ago - and young founders who “move fast and break things” aren’t necessarily known for their opsec. It is absolutely critical that ALL blockchain founders step up their operations. Hire consultants, have red teams attack your platform, install phishing training for employees, expense for MacBook Neos for anyone who’s doing signing, and never become complacent. Be vigilant, it’s not just your reputation on the line. By being negligent you’re funding real world bad guys.
Zach Rynes | CLG@ChainLinkGod

Genuinely WTF is going on with DeFi this month? Just an insane number of code exploits, oracle exploits, bridge hacks, and key compromises: LayerZero | $292M | April 18 | rsETH bridge exploit Drift Trade | $285M | April 1 | Compromised Admin + Fake Token Price Manipulation Rhea Lend | $18.4M | April 16 | Fake Collateral Exploit Grinex | $15M | April 16 | Hot wallet hack Sweat Foundation | $3.5M | April 29 | Refund_first & Refund_second Logic Exploit Volo Vault | $3.5M | April 21 Hyperbridge | $2.5M | April 12 | Fake State Proof BSC TMM/USDT | $1.67M | April 4 | Reserve Manipulation Attack Purrlend | $1.5M | April 25 | Fake Bridge Address Giddy | $1.3M | April 23 | Incomplete EIP-712 Signature Coverage Aftermath Perps | $1.14M | April 29 | Fee-Accounting Logic Flaw Aethir | $423K | April 9 | Acces Control Exploit Singularity Finance | $413K | April 27 | Oracle Misconfiguration Exploit Dango | $410K | April 13 | Donate Negative Amounts Hack Silo V2 | $392K | April 3 | Misconfigured Oracle Exploit Syndicate | $330K | April 29 | Commons Bridge Exploit ZetaChain | $300K | April 27 | GatewayEVM Contracts Exploit JUDAO | $228K | April 28 | Flashloan Exploit Scallop Lend | $150K | April 26 Quant | $138K | April 28 | Access Control Exploit Zerion Wallet | $100K | April 14 | Hot Wallet Compromise via Social Engineering Kipseli | $80K | April 22 | Flawed Quoting Logic MONA | $60K | April 13 | BurnAddress Accounting Exploit SubQuery Network | $60K | April 12 | Acces Control Exploit Juicebox V3 | $52K | April 20 | borrowFrom Spoof Attack Thetanuts Finance | $50K | April 20 | First Depositor Attack Litecoin | April 26 | Zero-Day Bug & DDoS Exploit

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gnar@gnarzilla·
@Gee__Gazza I’m going to be writing up more information on this as it’s in audit now with formulas for people to play around with and the origination of the idea / other models we went through and their shortcomings. Look for this in the coming week or so!
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GeeGazza 
GeeGazza @Gee__Gazza·
Probably going to have to see this work in real time to see its pitfalls, if it has some. I’d be surprised if this isn’t altered on full release but that’s kinda the point of beta. Do you have docs which show calcs on markets? How payouts are calculated based on stake/volume/price at prediction/time?
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GeeGazza 
GeeGazza @Gee__Gazza·
Lots more to digest. I think I’m aligned on the principle. It’s a true utility token and a huge positive that there’s zero unlocks/emissions in “rewards” which dilutes everyone. In essence the more Pumpcade is used, the more $PUMPCADE is needed. This is a huge pro v other sites that try to integrate complex tokenomics after their product has formed.
PUMPCADE@pumpcade

x.com/i/article/2049…

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gnar@gnarzilla·
The crowding fee is V1 of how we plan on attacking this. Simplest but over-punishing method on chain by design - the more flexibility you build directly on chain, the larger attack surfaces you build for people to take advantage of. One thing the article doesn’t mention is there is a configurable fair launch period, where there will be no congestion fees applied, so early users will be able to make predictions into those off-weight pools without penalty.
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GeeGazza 
GeeGazza @Gee__Gazza·
I need to reread the crowded market section to understand what they’re attempting for fees in that area. Gut says there’s a better way to do this as some markets thrive off being completely lopsided and deterring that rather than using stake/entry based returns in some capacity seems a little oversimplified.
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Pop Punk
Pop Punk@PopPunkOnChain·
A bonus of @pumpcade starting as a Pump Fun token is how we're able to continuously surprise people you'll never raise capital -> we did you're going to kill the token -> tokenomics that build the product AROUND the token, not the inverse Idk man Pumpcade might be inevitable
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gnar@gnarzilla·
Great, digestible breakdown from Hiro. Really impressed with the ability to digest this fairly dense article and break it up into smaller pieces. Give this a read if you want a quicker version of the article!
HiroKennellyᵍᵐ😅@HiroKennelly

.@pumpcade just dropped tokenomics. Most projects build the token, then retrofit a story. Pumpcade built the story, then earned the right to design the token. No treasury. No emissions. No farming. The token sits downstream of real product activity. Exactly where it belongs.

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gnar@gnarzilla·
@steoniy Pure utility token - gotta love it.
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Steve
Steve@steoniy·
solana:Eg2ymQ2aQqjMcibnmTt8erC6Tvk9PVpJZCxvVPJz2agu tokenomics work differently No emissions No farming rewards All utility is funded by people actually using the platform. The more Pumpcade grows, the stronger the ecosystem gets
PUMPCADE@pumpcade

x.com/i/article/2049…

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gnar@gnarzilla·
TLDR: Utility is funded by real Pumpcade usage. No farming rewards. No emissions. No mercenary capital. No fake activity. Platform activity in. Stronger ecosystem out.
PUMPCADE@pumpcade

x.com/i/article/2049…

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gnar@gnarzilla·
It’s never been more important to have extremely tight OpSec as a person - especially someone who is a key signer for protocols that people trust with their funds. Everyone at top TVL programs needs to study principles of least privilege, anti phishing techniques, separating work from personal computers, and constantly be learning and adapting to new security procedures. This should be *table stakes* for any high level person at a blockchain adjacent company.
Blockaid@blockaid_

🚨 Blockaid's exploit detection system identified an on-going admin-key compromise exploit on @wasabi_protocol across Ethereum and Base. The Wasabi: Deployer EOA was used to grant ADMIN_ROLE to an attacker helper contract, which then UUPS-upgraded the perp vaults and LongPool to a malicious implementation that drained balances.

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gnar@gnarzilla·
We're not really in the position to target an RTP for users as the markets are purely peer to peer and there is no house to tune odds. But I like the thought process! Casinos use things like rake-back and fee-back processes to bring back their high quality customers which is more the angle we'd need to take.
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sullamen
sullamen@zenfisherman0·
@gnarzilla Kinda interesting idea and maybe not ideal for the spirit of the core offering. But casinos often operate on often really high rtp. Imagine taking that to the prediction markets as maybe a mode for people who want to be engaged in the action but don’t want to blow there bankroll.
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gnar
gnar@gnarzilla·
We’re building prediction markets that feel more like games than trading terminals Looking for someone who knows how to get users in the door and bring them back tomorrow Ideally you've got strong opinions on f2p loops, casino promos, sportsbook reactivation and creator distro
Pop Punk@PopPunkOnChain

We are hiring a Growth Lead at @pumpcade This is a role for someone that wants to stand up, operate, and OWN growth from zero at a well funded Prediction Market company. (We are VERY partial to applicants with prior experience at Casinos/Sportsbooks) share.hirechain.io/apply/2vjqoy6f…

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Pop Punk
Pop Punk@PopPunkOnChain·
Pumpcade will support crosschain onboarding & offboarding. The protocol itself lives on Solana, but by using embedded wallets with abstracted transactions, we can make the app feel "native" to any blockchain. Deposit from anywhere, predict, withdraw to anywhere. Pumpcade.
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Grail.eth
Grail.eth@graildoteth·
@keoneHD Or…maybe it wasn’t a mistake? X taking out the scammy trash to clean up this space? If so, right move on their part. Hundreds of millions raised and only 10 onchain users acquired. You won’t be missed or noticed. Get fucked you piece of slime that calls itself a CEO.
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Keone Hon
Keone Hon@keoneHD·
The monad account was suspended without warning, I have to assume due to a mistake. We weren't doing anything abnormal, using the API, etc. We've reached out to X support via a variety of channels and I would expect the account to be back soon.
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gnar@gnarzilla·
@metarizon_eth Not daily, just as the articles are complete and I'm happy with them.
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gnar@gnarzilla·
For my nerdy followers, I'll be writing up a few technical articles on the design aspects of the v1 protocol. We'll be publishing them as the audit continues and I'm happy to have discussions on how things will be working.
Pop Punk@PopPunkOnChain

The mainnet protocol audit for @pumpcade began today As the audit progresses, we will share how we purpose built a protocol to facilitate the fastest and most accurate prediction markets This protocol explanation leads us into the reveal of $PUMPCADE tokenomics Pumpcade.

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