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๐๐๐ฟ๐ฒ๐ฒ๐๐ฏ๐ฟ๐ผ๐๐๐ฒ๐ฟ (ยค, ยฉ๏ธ)
316 posts
๐๐๐ฟ๐ฒ๐ฒ๐๐ฏ๐ฟ๐ผ๐๐๐ฒ๐ฟ (ยค, ยฉ๏ธ)
@streetbrowser_
trade the trade not your pnl ๐ฐ megaeth, fogo, usual, gasp ๐๐๐๐ ๐๐ก๐๐ @radrugs_io ๐๐๐
lockinsol.com Katฤฑlฤฑm Mart 2012
193 Takip Edilen187 Takipรงiler
@matthew_sigel Thoughts on the short report? I'm long but resignation of acquired co's exec is strange
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The $RHLD model arbs traditional PE: Instead of 2/20 fees, they take 2.5% of EBITDA.
โWith $RHLD owning $1B of $GPGI stock and mgmt comp tied to $23+ strikes, alignment is very high! They just fumbled the explanation on the call. The "fee" buys a world-class team at a discount.
Anni@anni_sen
@matthew_sigel Why does Resolute take 2.5% to manage GPGI? What is the benefit in this management structure.
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@Defi_Maximalist @dcfgod cant believe how ppl fell for it again after last cycle??
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@dcfgod it's totally safu bro
that is why andre deleted all his tweets and his entire medium account
๐ฌ
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@jmack53855265 @llamaonthebrink in the quote tweet brother
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Just as a reminder, GCR GCR is literally telling us that this is a good time too be in the field again.
For context, heโs been through virtually every cycle since Silk Road.
Cobie@cobie
when i started building echo 2 years ago, i knew it had 95% chance of failing. to be honest, i couldnt really imagine any other outcome, but i thought at least it may be a noble failure worth attempting. i certainly didn't think echo would be sold to coinbase, but, here we are: today coinbase bought echo for ~$375m. echo will remain a standalone platform under its current brand for now, but we will integrate sonar's public sale product into coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities into coinbase itself. over the years i have chatted to brian a handful of times, and mostly to complain at him honestly. i have always respected how brian would listen to an outsider chat shit at him on the phone and take the feedback seriously. now, instead of complaining, i will have the opportunity try to do the work to make things better. crypto itself has moved on a long way since we started working on echo. i guess partially this is because of the election result. but, i feel energised by a lot of the cool things being built in crypto again: hyperliquid, zcash, stablecoin supercyle, and so on. feels like a good time to be on the field instead of an idiot with a twitter account yapping nonsense. well, i guess i still will be that. anyway, job's not finished. onwards. oh fuck yeah, before i go, the final season of up only (now "unc only" due to our severe old age) will commence when we figure out who the guests should be lol cobber
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@ebarcuzzi @muddywatersre @profplum99 isn't the more interesting point about how you lose more in benefits per additional dollar that you make below some level?
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@muddywatersre @profplum99 Approximately 99% of the world would be below the poverty line by this absurd analysis. There's a difference between not being able to put food on the table and not being able to afford a 2000sqft house and two new cars.
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Very interesting thought piece from @profplum99. Mike covers the history of the U.S. poverty line metric, arguing itโs fatally flawed today. He then estimates the real poverty line for a family of 4 is $140K pretax (in middle America). As wages climb from $40K to $100K, each dollar โtriggers benefit losses that exceed your wage gainsโ. Mike reinterprets the below Bloomberg chart as showing now what % of the U.S. just manages to get by (i.e., $150K annual HH income). (Mike, can you overlay your calculation of the poverty level by year here?) Net-net, he says this explains the anger of โmiddle classโ workers.
Mikeโs article:
open.substack.com/pub/michaelwgrโฆ
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This guy is a pretty good bottom indicator ๐จโ๐ณ ๐
Bears are such positive and efficient people! They always find the few days every year in which they sound smart to share their takes without any shame.
Go bro, don't let anyone take your confidence, just because you keep screwing it up. One day you'll look smart again (for maybe a week)!
BuccoCapital Bloke@buccocapital
OKLO -20% NBIS - 25% Is it happening?
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@boredGenius just like in the stock market during euphoric times u can't be surprised ppl buy spacs & momentum instead of "real businesses" analysis. but plenty of capital stay in fundamental/value funds & flows come back after getting burned
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@boredGenius i guess they won cause real defi yields weren't high enough ppl are greedy & learned nothing. is this a crypto problem or human condition? hopefully in the long run the market bifurcates into suits+cedefi+greedy trust don't verify users, and real defi for serious ppl
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Suits have invaded DeFi, and they have pretty much won
Tech matters 10x less than TradFi connections nowadays. Stablecoins are centralized to the tits. Vaults are secured by โtrust usโ.
You can still build cypherpunk things but good luck getting funded!
How do we solve this?
_gabrielShapir0@lex_node
it's honestly hilarious, we basically had true DeFi professionalized to an insane level when you look at Uniswap, Curve, Aave, and Yearn decentralized/autonomous, transparent, some of the smartest most cypherpunk people on the planet built these things then everyone just says 'nah fuck that' and reverts to offchain hedgefunds disguised as stablecoins
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@boredmansachs @Cbb0fe 3ac with a few more numbers and logo ๐
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I strongly recommend withdrawing from mHYPER
They held a huge xUSD position just days ago
mHYPER is a Midas vault, itโs regulated as a security under MiCA / German law
If Stream committed fraud, mHYPER could face bankruptcy clawback risk
Courts could socialize the losses
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@0xMudaMuda @octalmage @Cbb0fe @chud_eth so you just wanted only yammer ppl to know & exit before burning everyone else?? all sus shit should be publicly exposed
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@octalmage @Cbb0fe To give you a point of view how it could be done
@chud_eth exposed it before cbb in yam discord and every non blind yammer could withdraw without burning the card house
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Solely my mistake. There were ton of signs I decided to ignore. Chud was almost screaming and I ignored. I honestly couldn't imagine stream founder can just straight up lie about so many things. And then @Cbb0fe pulled the trigger and started chain reaction.
Dodged the complete rekt by unwinding 2/3 of position in the last 4 days, total losses should be around 3-4% of portfolio.
Ah and yes, not touching Telos vaults again and their app @YuzuMoneyX
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can't be sad about $BTC not being 6-figures anymore if you've never seen it at 6-figures mate
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@dawidsnyders maybe someone will actually go to jail this time?
x.com/transmissions1โฆ
t11s@transmissions11
we are all going to jail
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unreal that this is an actual sentence:
eliteRingsScUSD is backed by veUSD. veUSD is backed by locked stkscUSD. stkscUSD is backed by staked scUSD that specific scUSD is rehypothecated to Mithras. Mithras scUSD (about 92% = 13m) is currently borrowed by xUSD collateral on Silo & Euler
YAM ๐ฑ@yieldsandmore
This is a massive loss. It's unclear how this will be settled in between xUSD/xBTC/xETH holders and lenders against these tokens, so letโs go over all stablecoins/vaults that have (in)direct exposure to Stream. Best we can tell, these stablecoins have indirect exposure: Elixirโs deUSD: Elixir is lending 68m USDC to Stream: debank.com/profile/0xaf8dโฆ This represents 65% of deUSD backing. The main stream wallet is borrowing these funds against xUSD collateral. Elixir claims: โElixir has full redemption rights at $1 with Stream for its lending position. We are the only creditor with these 1-1 rights.โ. Stream team said: โ They have a contract. We told them explicitly that we cannot pay them out until lawyers determine who is owed what.โ Nevertheless, itโs rational to be careful before this debt is actually repaid. Treeveโs scUSD: eliteRingsScUSD is backed by veUSD. veUSD is backed by locked stkscUSD. stkscUSD is backed by staked scUSD that specific scUSD is rehypothecated to Mithras. Mithras scUSD (about 92% = 13m) is currently borrowed by xUSD collateral on Silo & Euler. This is not an extensive list, there likely are more stables/vaults affected, and the information presented here is not guaranteed to be accurate. Overall debt to lenders on various lending markets: $284.96M.* *Not counting indirect exposure through deUSD and other loops, this is a sum of all debt against Stream assets, debt owned both by Stream and by regular users. Totals by Curator: TelosC: 123.64M Elixir (kinda?): 68M MEV Capital: 25.42M Varlamore: 19.17M Re7: 14.26M Enclabs: 2.56 M Mithras: 2.3M TiD: 0.38M Invariant Group: 0.072M Here is a list of all markets that lend to xUSD/xBTC/xETH directly, their current exposure, and the curators which allocated money into there markets: EULER: Ethereum: TelosC Stream - only includes Stream assets - 1623.5 ETH ($5.89M), $14.31M USDC, 87.09 BTC ($9.65M) borrowed = $29.85M overall - Curator: TelosC app.euler.finance/market/telosc-โฆ Plasma: TelosC Stream - $90M USDT, $2.89M plUSD, 900k msUSD - Curator: TelosC app.euler.finance/market/telosc-โฆ Plasma: Re7 Labs xUSD - $14.26M USDT - Curator: Re7 app.euler.finance/market/re7labsโฆ Sonic: MEV Capital Cluster - Hard to tell exact exposure, but the vault has $7M scUSD, $3.5M USDC, $2.7M scETH - 9.87M xUSD and 500 xETH deposited. - Curator: MEV Capital app.euler.finance/market/mev-capโฆ SILO: Ethereum: xUSD/USDC market - $1.2M USDC borrowed - Curators: Varlamore ($850k) app.silo.finance/markets/ethereโฆ Arbitrum: xUSD/USDC market - $15M USDC borrowed - Curators: Varlamore ($14.2M), TID ($346k) app.silo.finance/markets/arbitrโฆ Avalanche: xUSD/USDC, xUSD/USDT, xUSD/AUSD - $1.9M USDT, $816k AUSD, $9.3M USDC borrowed = $12.01M overall - Curators: MEV Capital ($7.2M), Varlamore ($2.5M), TiD ($28.5k) app.silo.finance/markets/avalanโฆ app.silo.finance/markets/avalanโฆ app.silo.finance/markets/avalanโฆ Avalanche: xBTC/BTC - 272 BTC ($29.1M) - Curators: MEV Capital ($17.6M) app.silo.finance/markets/avalanโฆ Sonic: xUSD/USDC, xUSD/scUSD - $2.3M scUSD, $4M USDC - Curators: Mithras ($2.3M), Varlamore ($1.6M) app.silo.finance/markets/sonic/โฆ app.silo.finance/markets/sonic/โฆ MORPHO: Plume: The Elixir Market: - 68M USDC borrowed - Lender: Elixir Arbitrum: xUSD/USDC - 628k USDC - Curator: MEV Capital app.morpho.org/arbitrum/markeโฆ GEARBOX: Plasma: Invariant Group USDT0 - 72.45k xUSD. This market had a LOT more xUSD, but it was all exited. GGWP, @GearboxProtocol! app.gearbox.finance/pools/9745/0x7โฆ ENCLABS: Sonic: 4.21M xUSD, about $2.4M in exposure? Plasma: 150k xUSD, about $160k in exposure? Again, there might be more, this is all we found.
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Gonna be hard to get a reply out of these guys from today onwards unfortunately :(
Invariant Group@invariantgroup
We'll be very clear regarding our position when it comes to @StreamDefi and other considered in high risk of defaulting, we do not care about CT fud, we do not care about the noise, we build conviction based in proper DD and of course we can make mistakes in configuring IRM's, some collateral specific rates, etc... but thankfully @GearboxProtocol provides the proper tools for us to readjust and adapt to market conditions, our advice for everyone and other so considered "risk curators", if your actions are determined by noise from random people, you are not a risk curator, you are an opportunistic.
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@CryptoBitzcuit @cobie @coinbase have u considered stop gambling? plenty of opportunity to make money without insider info just stop chasing predatory pnds, there's some real stuff in this space
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@Cosmins90 @onchainmo ppl wont lock their allocation @1B FDV for 3 months or you think wont even try putting money down on sonar? either way if true no wonder the trenches are so bad lol turning away free money to buy lottery tickets
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@onchainmo not many will lock their funds for 3 months, so you are safer now
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Iโm seeing everyone on the timeline celebrate that MegaETH is trading at a 5B FDV in pre-market.
Meanwhile, Iโm just watching my own allocation melt away because everyone now sees it as free money and will ape into the sale.
Iโve already heard from several people that they and their entire extended families will be participating in the sale (yes, KYC is an extra hurdle, but not a real barrier for sybils).
But Iโm confident the team will filter well using things like social reputation, on-chain activity etc.
moritz@onchainmo
Iโm going to full-send the MegaETH sale (absolute no-brainer IMO) TLDR: - 999M FDV valuation (English auction but will likely end at the max) - $186,282 max commitment per user - 5% of tokens for sale ($50M raise) - In case of oversubscription, the following factors will determine your allocation: โข DeFi and on-chain activity โข Social support (Kaito leaderboard will probably play a big role) โข Holding MegaETH or blue-chip NFTs (snapshot already taken) โข More details in the screenshot
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All of you should commit the max $186,282 to MegaETH public sale.
This will be one of the biggest chain launches this cycle.
MegaETH@megaeth
The First Real-Time Blockchain. Built for you. Priced by you. Our public sale on Sonar by Echo, starting at $1M FDV, makes you the largest stakeholder in our network. [thread]
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Airbnb CEO Brian Chesky: โWeโre relying a lot on Alibabaโs Qwen model. Itโs very good. Itโs also fast and cheap... We use OpenAIโs latest models, but we typically donโt use them that much in production because there are faster and cheaper models.โ
The valley is built on Qwen?
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@crypto_condom @smyyguy I'm not as familiar there are you referring to etherex? Not sure why Coingecko showing only a month of history where did it 40x from? ๐
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@smyyguy Sharplink + lines has already been quietly confirmed in closed door sessions sir. Thatโs why their sponsored dex 40xโed ๐
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Seems probable that DATs anoint an L2 to deploy a portion of their capital on. They are big enough to bring liquidity with them
Something like
Bitmine x Worldchain
Sharplink x Linea
Dan Smith@smyyguy
What are the odds sharplink builds a LINEA position? Feels decently high
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@goodalexander @0xBreadguy crop coulda been better
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The genius of creator fees on Pump is that it removed the Gainzy dump outcome from launchers.
Now you have aligned incentives
- Creators stream more for volume
- Holders lose dev dump overhang
You can hear the token destigmatization in this clip.
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Is there any large co CEO as outright confident in calling for higher #inflation as $RH? Interesting comment from earnings call.
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