stronkachu
16.1K posts

stronkachu
@stronkpants
Survivor of 10/10 crash Chief of uwuland @SerpentisSC




Balancer co-founder Fernando Martinelli said Balancer Labs will be shut down, primarily due to legal exposure stemming from the November 2025 exploit and the entity’s lack of sustainable revenue under the current structure. The protocol will transition to a DAO, foundation, and service-provider model. He also supports a set of structural changes, including ending BAL emissions, winding down veBAL, routing 100% of protocol fees to the DAO treasury, among other measures.

Selling gold because rising inflation will keep the Fed from cutting interest rates, when rates are already too low, makes no sense. Falling real rates are bullish for gold. It's the stock market that needs rate cuts. That's why it makes no sense that stocks are down so little.

It's really hard to grasp the amount of unsexy work that goes into the beginning of an ecosystem. There are so, so many man hours spent simply getting tooling and basic primitives in place for builders. Wallets, indexers, data APIs, bridge liquidity, SDKs, etc, etc, etc. Even if you have them each team has a preference for their specific vendor of a specific tool. All so people can quickly and easily spin up apps atop it and one another. Simple truth is that building up early ecosystem will take buy-in from founders who understand the foundation's ambitions and long-term direction. They'll then have to do a little "chewing glass" because it's not going to be as easy as it would be for any mature eco with ~most of what you need/want. But the rewards are also outsized, for both users and founders. If you bet on the right ecosystem and establish your position within it you stand to grow just as rapidly as the chain itself. We believe the apps should grow more. Anyways, our approach was not to take the easy path, force apps to launch on our timeline and just dump tokens to incentivize temporary growth metrics. We do not want spiked-then-down-only TVL/apps/users charts because everyone knows how that ends. So we do it the slow way: - Give apps time to launch when they're ready - Launch our token when the ecosystem (and it's utility) is strong - Turn on campaigns when the ecosystem can support all users and not just single sectors I know delayed gratification can be painful when sentiment is down across the industry and we all wanted to change the world overnight, but that's just not how this was ever going to work. In the meantime, we continue to work on things that we're excited about (and will debut soon), we implement changes based on builder/user feedback and we work towards the next few catalysts we can control. I couldn't be more excited for the future and there's no doubt in my mind MegaETH will be a pillar of our industry in due time.



We are currently investigating a security incident involving unauthorized minting of USR. At this stage: The collateral pool remains fully intact. No underlying assets have been lost. The issue appears isolated to USR issuance mechanics. Our immediate priority is to: 1) Contain the incident 2) Assess impact 3) Ensure legitimate users are not affected We are actively investigating and will share more updates shortly.

CRYPTO EXCHANGE KRAKEN FREEZES MULTIBILLION-DOLLAR IPO PLAN - COINDESK




I've seen a lot more people dunking than celebrating and it makes sense, after all most of us in crypto "pivoted" to be absorbed by the existing world machine. I also don't think most of the commentators made it past the blog post to the actual manifesto/mandate, just a sign of times I guess, clicking one extra link and spending time to read through is tough. On a more serious note, EF currently is the only player with both the resources and network effects to not just keep cypherpunk dream alive but also to actually make it happen. Will this accrue to eth price wise short term? Certainly not. Will it accrue to it long term? Only if it wins (and wins under the conditions it set for itself, not because of being adopted by tradfi). Should we care about price at all? Personally think the goal here is more important I absolutely think that we should have somebody at least trying this on grand scale instead of pursuing financial applications (and I’m pretty aware how funny it must sound from CEO of prop trading firm that made it from financial applications of blockchains🙃). Rest of us can do what they do and choose to hold eth or not. If I’m honest, holding it is a very long shot, but there are way worse cults out there, so I’ll keep my eth for the culture and memes🫡

an update on $SEA. the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline. a delay is a delay. i’m not going to dress it up, and i know how it lands. the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves. we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following: no more waves: the current rewards wave will be our last. optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow. honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity. 0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea. product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands. so if not now, wen? when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific. here’s why i’m confident that’s the right move: i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today. the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on. we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.












