Luis Buenaventura

Some exciting recent Celo community highlights: 🟨 @Celo proposes 160M CELO allocation to @Opera to evolve MiniPay partner into major long-term stakeholder c⬝L @cLabs announces that Jovian has activated on Celo Sepolia. Mainnet is scheduled for March 31 🪪 @SelfProtocol powers $99 Early Bird @EFDevcon tickets for India via Aadhaar verification and onchain proofs. 🤖 @HelloLuis submits the minai dot work ultra-affordable AI assistant to @Synthesis_MD hackathon on Celo. 🗳️ @Davinci_Vote receives 2025 grant from @ETHForTheWorld to build verifiable voting miniapp with @SelfProtocol integration. 🔷 @Ethereum Unblock hosts yours truly to share tips on building for Celo and @SelfProtocol during @Synthesis_MD 🦸 @SuperchainEco promotes Build Agents for the Real World V2 hackathon with $8.5K USD₮ prize pool 🟣 @MentoLabs announces EURm is available as collateral on @Morpho with vaults by @Featherland 🥧 @growthepie_eth reports spike in AI agent activity on Celo 🔰 @Bancor promotes rewards campaign on @CarbonDeFixyz 8% rewards with 8% for USDm/USDGLO and 93% for CELO/USDGLO 🦞 Claw Sessions at @TheNestLisbon hosts @GigaHierz to speak on @SelfProtocol Agent ID 🔷 @EthConf announces @RegenRene speaking at NYC conference from June 8-10 🧶 @TextileProtocol partners with @LejaApp to give Kenyan small businesses access to working capital with 37.69% APY in USDT 🇨🇴 @Celo_Col and @CamiloSaka hosts 70 builder workshop to teach building on Celo at @Icesi 📲 @MiniPay promotes Mini App Meloriza on AI music generator 🦸 @Loopuman, Celo AI Agents is #7 globally on @8004Scan 👷 @CeloDevs with @ViralSangani_ holds Office Hours to support Build Agents for the Real World hackathon What did I miss?

@helloluis @Celo @synthesis_md @CeloDevs Super cool @helloluis cc @marek_

@helloluis @Celo @synthesis_md @CeloDevs I love it! What a great service for @minipay users!

Built a thing! minai.work is an ultra-affordable AI assistant for human assistants ❤️ Submitted to @Celo Hackathon V2 and @synthesis_md @CeloDevs

Joining this coz it turns out I actually have a few ideas about agentic moneymaking 😅

In the comments, people are saying "there's no way a guy with $50M could be this dumb," but I think that presupposes that the user was a native English speaker and could 100% understand the warning messages he/she was receiving. It's a lot easier to imagine someone making this mistake if they only have basic English proficiency.

Well-known brands like Block, Atlassian, and Optimism have all recently announced major reductions to their headcount, and it looks like Adobe is planning to do the same. @DecryptMedia

And they've also recently hired regional ambassadors (big names imo) - shout out to @helloluis from PH. Cool to see someone from the Philippines involved. Will discuss a bit on some of their interesting agents in my next post.

Introducing Celo's New Regional Ambassadors! Spanning Africa, Latin America & Southeast Asia, the group is dedicated to driving on-the-ground education, awareness & grassroots adoption for the leading programmable rails for global finance 🌐 Meet the Ambassadors ↓

🇵🇭 Philippines: @helloluis Luis is a leading Southeast Asian crypto voice, author of three crypto books & president of the Blockchain Council of the Philippines. He led crypto at @GCashOfficial, spoke at the UN & OECD & has sold NFT work at @ChristiesInc & @Sothebys

Not what I was expecting!

@HunterTV_ Well I'd say it's a massive overshoot to say we need ASI to do that. Frontier models with good tool-calling are already capable of rendering the BPO industry inert today.

@helloluis he's not wrong tho BPO and WFH jobs are not safe from AI..

Only about 2000 of those 7000 islands have people living in them, so unless the local wildlife needs Starlink too, I think we're ok.

Key takeaway: US markets like wars. Not that you needed confirmation or anything.

As I take a short break this week to think about what I want to do next with my career, I realize there's only a handful of things in my life that I consider constants. Everything else is dynamic, fluid, and always iterating. Be back shortly, Manila ❤️🇵🇭

the LLM you pick for your agent matters less than you think. @brave proved it yesterday. Qwen3 + good search context beat ChatGPT + bad search context. here's a full breakdown for you and your openclaw agents of 5 search providers x.com/Legendaryy/sta…

Personal Announcement No. 2: This is my last month at @gcashofficial I joined GCash in November 2023 when #GCrypto was still a baby. It’s grown about 10x in the 2 years that I’ve been running the commercial group, and although it’d be convenient for me to take credit for that growth, the truth is that I was working with a really great team. Other than hitting some jaw-dropping growth numbers, we also pioneered community-oriented events at the GCash offices, developed key industry partnerships with the likes of Tether, Ronin, Circle, Kaia, and many others, and even published a pretty fun comic book on crypto education. (The comic is still viewable on the GCrypto app for anyone who wants a beginner-friendly intro!) So thank you, Mark, Geena, Mina, Rodman, Gen, Juliana, Annika, Anna, Alysa, Rainard, Jam, Jaya, Cris, Shar, Redge, Ange, our leaders Wins, Arjun, Jong, Darvin, Ador, Jo, our partners at PDAX Nichel, Kenneth, Vince, Dyan, Jason … and everyone else who lent their time and energy to our collective efforts. I know I was kinda rough around the edges, and I’ll always appreciate how accommodating everyone was. Catch you all again on-chain ❤️🇵🇭

Sunday routine with @Celo x Cali 🔥

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

🇵🇭 A NEW CHAPTER: #CryptoPH thought leader Luis Buenaventura (@helloluis) has been named new President of the Blockchain Council of the Philippines (BCP), succeeding Donald Lim. Full Story below. 👇