tochi

historical cycle drawdowns for btc • 2013-2015: -86% • 2017-2018: -84% • 2021-2022: -77% if we should translate that to current ath of $126k: • 77% drop is $29k • 84% drop is $20k ish no point finding out what 86% drop could look like cos what’s the point of the max pain besides im not expecting bitcoin to drop below 77% btw cos the drawdowns get less brutal each cycle so a dropdown somewhere around 65-70% might be considered reasonable that is: $38-$44k ish im not ready for this bros

@Kingsedex01 wtf 🥲

trap flex

@0xileri @Xeer what a timeline

@oxtochi @Xeer never deleting too

never deleting this… wait.

one thing defi still hasn't fixed properly: about $100bn in value locked in defi, yet only a tiny bit of that capital is actually covered against the risks that matter most: > smart contract hacks > governance attacks > oracle failure > bad debts structurally, the defi stack was built for execution: ↓ blockchains as the consensus layer ↓ smart contracts as the execution layer → on top of that sits the application layer but when something breaks, there's nothing between the app and users' funds, which is kinda wild considering the many ways things can break onchain a 2022 messari report estimated that only 2% of total defi tvl had any form of coverage meanwhile over $3B was lost to defi exploits in 2022 alone, and billions are still being lost every year this right here presents a structural gap in the tech stack and a market gap begging to be filled asap exactly where protocols like @firelightfi become interesting firelight is a defi cover protocol built on @flarenetworks that turns staked assets into a protection layer for defi apps its model is pretty straightforward: xrp is bridged onto flare as FXRP → users stake FXRP into firelight vaults → they receive stXRP (a liquid staking token) → that capital backs onchain coverage for defi protocols → protocols pay for protection → fees from the cover market flow back to stakers this way the design does two things at the same time: + gives xrp holders a new way to participate in defi more productively + creates protection capital for protocols that want transparent onchain cover pretty clean one imo and quite sustainable since the yield doesn't rely on emissions alone but from actual demand for cover over 25% of its 65m xrp cap raise have been achieved internally, less than an hour after going live this feels like a relevant unlock for xrp, cos historically, it hasn't had many defi native yield paths and on top of that, an interesting role as part of a protection layer for onchain finance now looking at the bigger picture, this goes beyond yields, it's about finally adding the missing layer that should've been there since day one defi is already good at putting idle capital to work, now it needs to get better at protecting that capital too

@3phraem__ had to shred a lot cos i started looking too scary to peeps 😔

@oxtochi You still got the physique? Or did you let yourself go🌚

@3phraem__ yup like 2/3 years ago

@oxtochi The doors, dead giveaway 🙃

@FastLife lmfao 😂😂😂😂😂

Has anyone ever seen these two guys in the same room, at the same time? One detail disturbs me.

@atoms_res sometimes lolol

@oxtochi My G is beast!

@itshim280 are you sure?

@oxtochi Hi tochi My babe need to talk to u

@WonderBoy023 sure bro

@oxtochi will get to see you IRL one day

btw ive been losing some weight now, join me

@0xAbhiP i do smol abs too

@oxtochi not including an ab workout?

@0xEmmie 😂😂

@oxtochi still gonna make a mistake😂😂

better to quietly rehire humans than adding "make no mistake" to every prompt

@kobixyzHQ looks like it bro

@oxtochi Our job safu?

@nonceXBT 🤣🤣

@oxtochi People receiving the offers be like 👇🏽

@Trip_jayX take more picsss

Gotten better than this, just need to take more pictures

@sesameofdefi yo bro

unintentional back flex

@sam6170 yooooohhh

Back flex.

@De_sure_ king shít

which one should i flex 😅

@sam6170 yea bro

@oxtochi Them front delts tho

@TweetByWale kekkk

@oxtochi “Brought a tank to a gun fight” ahh post