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1/ Hivemind will lead a $550M strategy with @agriforcegs(AGRI), the first NASDAQ-listed company dedicated to maximizing ownership of $AVAX, the native token of the @avax Network. The company will be renamed AVAX One after deal closing.
🧵⤵️

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Dear @AvalancheFDN,
I say this with deep conviction, please do not inject more capital into memecoins moving forward.
Avalanche is not a memecoin chain, we are a utility chain with real use case.
Support builders/projects adding value, not extracting value.
Thank you for your attention to this matter 🔺
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Attention Avalanche Validators!
If you are attending the upcoming Avalanche Summit London, we want to give you a gift, a status symbol to represent your importance to the network 🎁🔺
To confirm you are attending and want to receive the gift, please fill out the form below before 4/25 at 12pm EST. forms.gle/1B4ZzNcrtTtXT7…

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It seems like Avalanche L1s with co-localized validator sets and subsecond gas price improvements can reach ~5500 TPS (assuming simple txs) with ~150ms blocks.
Ilya@containerman17
5k TPS on EVM is the new norm on @avax lol
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Meet Alto: A Minimal (and Wicked Fast) Blockchain Now Continuously Benchmarking the @commonwarexyz Library
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Web3 is sick
I was on a call a few days ago with a liquid fund for an LP deal.
The APYs they are looking for are:
- 15% on BTC
- 20% on ETH
- 30% on USDC
Yes. You are reading correctly. Insane.
Try to find those yields onchain. You’ll soon see that’s it’s impossible.
So, how does it work?
You can guess: 1/3 of the yield is real, 2/3 of it comes from the protocol token in opaque deals.
Protocols are artificially inflating their TVL at the cost of the future of their token.
To what end?
Climb the DefiLlama leaderboard. Reach raise targets.
No real downside for protocols that don’t share fees with their token holders. Kind of an interesting way to indirectly sell more tokens.
I hate this practice for multiple reasons:
- It creates a sell pressure on the token that is not transparent to its holders
- It highly de-correlates yields accessible to "normal users" vs funds, going against the Web3 ethos
- It pushes all protocols to do the same, driving unhealthy token economies
I want to believe that this trend will naturally end as the ecosystem matures but I am not so sure.
Anyway, now you know. We have never cut such deals for @SuzakuNetwork TVL and we never will. If we want to cure this industry, it starts here.
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Thanks to all 36 of you who contributed to the @gitcoin @avax DeFi round which ended yesterday 🫶.
100% of funds will be going towards building open-source DeFi products on Avalanche.

Gitcoin@gitcoin
One last day to donate to our dual rounds with @AvalancheFDN, don't miss out! 👇
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@hmmxavier It's wild ... I hope they at least get blocklisted for the next presales ... And in the meantime some OGs don't even get in.
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I’m about to make an offer that no Jeet can refuse!
Please leave a commet if you are a TRUE JEET!
@Boithebear
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