⚡️Thunderstride Stable⚡️

Genuine question @KEMOS4BE - if we care about solving this problem, then what’s the best way to help solve it as an individual? I personally don’t know - seems like a tragedy of the commons in need of education plus an elegant solution to provide the right incentives for everyday users to help bootstrap a solution. Just the kind of thing worthy of me putting pen to paper on for a few weeks

@compoundORE the future home of no click $ORE compounding with self-repaying zero interest $USDC advances (without liquidation risk) continues to make nice progress. Project is on dev net and we had a kickoff call with our auditors, who agreed to bump us to the front of the queue because they’re also @OREsupply-pilled and share the vision of what we’re building. Unclear if we will be able to launch a fully audited project by @SolanaConf but we surely will try and it seems increasingly likely that this will be live and usable by all of you before the ball drops to mark the end of 2025. @compoundORE now stands at 550 followers, so good progress for a week but still a lot of wood to chop. Hopefully our educational content combined with $ORE giveaways will help us reach the rest of the community before launch day. As we don’t believe @compoundORE needs a token, in fact we strongly feel it will be better without one as we can focus on $ORE deposits as our only stakeholder we feel it is important to offer something better. That something better is going to be mining-as-a-service. We’re patterning with Refinor and @nftimm to mine using a portion of protocol revenue to mine on behalf of our $ORE depositors. Those that have been with us for over a year will benefit from regular mining dividends. We look forward to flushing out this program as we get closer to launch. Prior to launching this program I will be learning in public using his program with fully audited results… link below. While mining dividends seem cool, what really excites me is the chance to work with artists to build a collective around @OREsupply. Taking a portion of protocol revenue to commission 1/1 works that we can fractionalize and airdrop to our customers. Unlike the mining airdrops which require a one year test, these “art-drops” will be available the moment you join. To manage administrative burden, there likely will be a minimum deposit size but the goal is to help create as much good art as possible and share it with as many people as possible. Art is also a great way to help illustrate how much bigger $ORE can be… it need not only be a SoV for @solana. I will be partnering with artists from solana as well as @ethereum and @BNBCHAIN to lay the groundwork for our future multi-chain protocol. Early conversations with artists like @NoBanksNearby from $SOL and one of my longtime favorites from collecting on $ETH since 2020 @GabrielJWeis have already indicated that they’re interested. I would love to now crowdsource the application process to more artists and the truth is you can be active on any chain. $ORE will ultimately go wherever there are consumers needing a SoV. As an added incentive to participate - @compoundORE will offer four winners 0.25 $ORE each. The only requirement is to retweet this, follow @compoundORE and post your art below.

So after yesterday's introduction to the fundamentals of @OREsupply mining, today's educational seminar courtesy of @compoundORE - future home no click $ORE compounding and zero interest USDC advances without liquidation risk - is on where to start after getting $ORE-pilled. As was the case yesterday, as an extra incentive to help spread this content I put a few hours into creating on my way back from Europe today, we will be doing a solo $ORE giveaway for retweeting. To be eligible you must all follow @zedge_ore and @compoundORE. Okay so with the boring stuff covered... let's set the stage for what we're going to be talking about today. You've just been $ORE-pilled and you have $10k to invest and you're curious should I buy spot and stake or should I mine or do both or something else. Something else could be providing liquidity on @MeteoraAG etc but for now we will ignore than and just focus on the buy vs mine decision and touch a little on the go vs wait decision. For today we will assume you have $10k to invest, $ORE is $150 and you earn 20% with compounding when you stake vs 100% when you mine (no compounding). As a reminder you pay a 10% tax when refining your mined ore... but the yield you get from holding unrefined mined ore is already refined and thus does not result in a tax when you claim. So below I've put together a nice table showing you how much $ORE you have buying spot vs mining and refining after various amounts of time and mining premium. As a reminder, mining returns as so attractive many people are willing to mine at a premium to spot (myself included - doing 3 sol a block as I write this patiently waiting for the @photofinishgame miner to launch). It should be common sense that our goal should be to get as much $ORE as possible for our $10k. To answer what is optimal you need to know both what your time horizon is and how expensive it will be to mine. There are lots of good tools to figure out how expensive it is to mine (ore dot monster is a good new one I stumbled across from @oredotmonster). Below is a screenshot of what I look for... $235 production price and $191 spot price or a 23% premium. From spending a lot of time in the mines that is a pretty good price, especially for a large motherlode with around 200 ore and a low absolute price for ore (we were at 500+ not long ago so good time to stack up). Bottom left there is a heat map showing the outcome in terms of number of $ORE you end up with after holding various amounts of time buying spot vs mining at various premiums. Mining is all about taking the long view so for now we will talk about the return for waiting a year (though I've included 0 to 24M in each figure so pick whatever you want) In our example, your $10k buys you 67 ore at a $150 spot price. This ore compounds to 81 ore after 12 months. If you could instead amass an unrefined ore position for the same price then you would be better off after waiting 2 months (your 100% yield would more than offset the 10% refining cost). If you wait the full year, then your 0% permium unrefined ore position would leave you with 127 ore after refining. It is quite hard to mine for spot... perhaps some people can do it and the smaller the amount you need to invest the more selective you can be... if we instead say you mine for a 20% premium to spot, like current conditions and where I am generally mining, then you start out with only 50 ore... a lot less than buying spot. You pay a premium to get your ore and a tax to refine it... it really only makes sense to mine if you have long-term conviction in ore and the liquidity to not need to access your ore for awhile. In this 20% premium example, you start to breakeven by month 5 and by month 12 you have 106 ore. Ending the year with 106 ore vs the staker with 81 gives you a nice margin of error. We will get into that more in the post below

Would love to crowd source some ideas for research pieces for the @compoundORE solo ore giveaway series My next two ideas in the hopper are… 1) Why the only amount of safe leverage is no leverage. Back-test the probability of liquidation based on starting leverage and time you leave leverage outstanding. Would do this for ore and then a handful of other SoV (BTC, gold, ETH, S&P 500, etc). This would be a masterwork type research piece requiring likely 20+ hours of work… it is also raison d'être for @compoundORE … to create the first sound way to leverage @OREsupply 2) Advanced $ORE trading strategies that we may eventually productize in the distant future. Leverage two decades of tradfi experience managing billions to come up with ways to improve the sharpe ratio of exposing yourself to ore…. Put differently can I come up with a way to cut your risk in half while giving you 75% of the upside. This is another 20+ hour type project… maybe more like a 100+ hour project 3) Right now those are the only two ideas that come to me that are complex and challenging enough to devote the time to solving and reporting on for you… please write below if you have ideas and if I take you up on your idea and you’re following both me and @compoundORE then I will give you one ore as a reward for your inspiration. Helping me spend my time on the right problems is immensely valuable and I and @compoundORE will always reward those that help set us up for success

Some exciting developments beyond my phone being nearly out of juice… follow the link below to start chasing the @OREsupply motherlode at the track

photofinish.live/ore

One $ORE bounty for successfully adding to the @zedge_ore research roadmap outlined below. Please help retweet to get the word out to the @OREsupply community