Philip

Who would have thought that Trump would be the person breakin BigTechs monopoly's

@Sharplink @joechalom @Bloomberg @crypto Einstein is said to have said "Insanity is doing the same thing over and over again and expecting different results". Are you driving investors away to control the company before changing the broken record?

“$BTC is not a natively productive asset, but if you stake $ETH, it can yield nearly 3%.” - @joechalom on @Bloomberg @Crypto. We’ve made almost all of our ETH productive from day one. bloomberg.com/news/videos/20…

@MaudBannwart @alephium Ok, I agree that there is some additional incentive to hold and not to sell. These are fair points and make sense. I hoped for the new economics to counter the miner selling mechanism a lot stronger in the short term already, when I read the positive flywheel.

Interesting framing. The way I see it, the ALPH being locked were mostly assets that were already sitting idle in wallets. They were not actively used to buy or sell in the market. Locking them does not suddenly increase sellers’ power because buyers are not purchasing ALPH with ALPH in the first place. What the mechanism actually does is move previously idle assets into productive use. Those tokens now contribute to TVL and earn yield instead of remaining inactive. Over time this tends to reward participants who hold long term rather than those who sell. It may even incentivise some participants who might otherwise have sold to instead hold and lock their tokens. In that sense the mechanism encourages long term alignment rather than increasing the relative power of sellers.

Battle-Test Report: Update 27/02 🤺 Powfi testnet is live, the community feedback has been pouring in, and the devs are refining the edges. We are no longer just building… we are battle-testing. Here's what happened this week: 💥 Advancing Passkeys integration, cleaning up token input fields, and implementing global UI improvements 💥 Fixing the "requires additional" error when adding liquidity and resolving input crashes (not yet deployed) 💥 Currently refactoring the /staking page (under maintenance) and updating the SDK to match our upgraded staking contracts 💥 Solved internal build errors, updated Android Play Store visuals, and implemented Onramper sensitive data signing for better security Next up… For those asking how Phase Two economics will actually work, here is the blueprint for liquid staking on Alephium: 💧 The price of xALPH relative to ALPH will only go up, proportional to the rewards generated by Powfi, so that 1 xALPH will always be worth more than 1 ALPH 💧 The earlier you stake, the less ALPH you need to spend for the same amount of xALPH 💧 You don't just lock your tokens. You deposit ALPH, get xALPH, and can use it across the ecosystem (like providing liquidity) 💧 Standard unstaking has a 30-day unlock period. Need it faster? You’ll be able to bypass the wait and swap your xALPH for ALPH instantly on Powfi 💧 The interface will clearly track your xALPH balance, its real-time value in ALPH, and your current APR There's more... <Alph.Land Upgrades to Become a True Ecosystem Hub> The premier Alephium dApp explorer is now officially in-house, as explained in yesterday’s update. A massive shoutout to @Fugashu_codes for building the original V1 🙌 Now, we’ve leveled it up: ▫️ Refactored Alphland from a basic dApp directory into a structured ecosystem hub (projects, users, sponsors) ▫️ Implemented and stabilized profile creation/edit flows ▫️ Built and integrated the bounty system across project pages ▫️ Fixed critical submission, preview, and profile-related bugs ▫️ Improved filter logic, navigation consistency, and overall UX clarity ▫️ Reduced friction across discovery and contribution flows ▫️ Aligned UI structure and information hierarchy for better ecosystem legibility Check it out now: ecosystem.alehpium.org The pieces are falling into place. Test, break, and build with us. Watch this space.

@alephium @MaudBannwart Ok, sounds reasonable. My thinking was: you have three types of people in Alephium. Miners-always sell ALPH to cover costs, builders-who hold a lot of ALPH, but have to raise and sell to covdr their real world costs, investors-lock their supply. Locking gives power to sellers.

Hey Philip @welsi, That’s not a dumb question at all! It’s natural to wonder how this affects $ALPH, so thank you for raising the point. In short, no, it doesn’t replace ALPH. The longer version is that it actually reinforces it. xALPH isn’t a new coin competing with ALPH. xALPH is a representation of staked ALPH. Every xALPH is backed by locked ALPH, and it can’t exist independently. So it doesn’t dilute ALPH, it depends on it. Also, it doesn’t create any extra sell pressure. Staking locks ALPH reduces liquid supply, creating coin scarcity, while xALPH makes that locked ALPH usable in DeFi without unlocking it. By design, more value will flow to ALPH. Rewards are in ALPH and fees are paid in ALPH. So the outcome is that xALPH increases utility, but ALPH captures the monetary value. TLDR; Rather than forcing a replacement, xALPH increases the utility, and strengthens $ALPH’s role as the native asset of Alephium.

@lumisticat @Sharplink Sbet is missing that nobody cares about that narrative. Otherwise it would be a 1+ mNAV

Congrats that's the part people miss: this isn't just ETH on a balance sheet, it's productive ETH A treasury that actually works. That's the edge.

Sharplink has now generated $28.1 million (14,516 ETH) in cumulative staking rewards since launching our Ethereum treasury. Nearly 100% of our ETH is staked, compounding value for our shareholders every day. This is Ethereum with an edge.

@QeYcc @Sharplink @sheffieldreport If people don't understand they are not explaining it in relevant terms to whoever should care.

@Sharplink @sheffieldreport Yup 👍🏼 Too bad most people still don’t understand $SBET

@AustinTrupp @Sharplink Finally, someone is highlighting this. Taking one story and just running with it (highest ETH concentration per share) and seeing that the market does not care is just bad positioning.

@Sharplink For the last 7-8 months, @Sharplink has been ETH at a Discount Not ETH with an Edge. The market needs to know: What else is going on at @sharplink? That Institutions AND Insiders BOTH believe that $SBET is worth More than its NAV? Is there SomETHing More Substantial?

@PeterLBrandt Lumber?

This trade is going to be a monster. 16-month ascending triangle finished by a 5-month rectangle. Moon shot coming

@LaPetiteADA Ramen at ooki Pavillon 😉😂

If I travel to your country, which famous dish would you recommend? 😋🦋🍄

@KobeissiLetter Is it? Isn't the problem the depth and reg environment of European capital markets?

Europe has been left in the dust. ASML, $ASML, just became the THIRD company in Europe's history to hit $500 billion in market cap. Meanwhile, Nvidia, $NVDA, casually swings $500 billion in market cap per day, and is 9 TIMES the size of ASML. In fact, ASML wouldn't even make the top 15 list in the US. OpenAI alone, a private company, is roughly the size of Europe's 2 largest public companies COMBINED. Innovation in Europe has come to a halt.

Well, this blew up For comparison, here’s other perps TVL post-TGE (+ 72 hours) • Aster: +95% • Hype: +25% • dYdX: +6% • Lighter: -9%

we exposed: 50+ scams, 3 world leaders we shipped: 2 platforms, 1 token 2025 was wild for Bubblemaps 🧵 ↓

When Switzerland turns sour

@caspervandien @TroopersExt

Streaming @TroopersExt tonight 6-9PM EST on my twitch.tv/caspervandien

@LynAldenContact Was that the purpose of DOGE?

He was all over Epstein and then it just abruptly shut off.

Elon posted a lot about Epstein until summer 2025 and then abruptly stopped, cold turkey, despite all the news since then. Weird. 🤷‍♀️

👀 Take a second to process this. ✅With the audit completed, Lending & Borrow is coming to Linx App. To launch it the right way, we’re putting $3,000,000 in $LINX on the table to reward early users. You heard that right, that’s 20% of total supply. This is not a test. More details coming 👀 Built on @alephium ⚡

@SharpLink Beginning of what? The storytelling potential is huuuuuge.

In 6 months, we: • Accumulated 863,424 ETH and staked nearly 100% of it • Earned 9,241 ETH through staking rewards • Doubled the ETH concentration to 4.02 • And this is just the beginning

🧑‍🔧 Assembling the Engine: Update 12/12 🛠️ With the Core dApp Testnet approaching, we spent most of this week tying together two core features of Alephium's Phase 2 Aligned Economics: staking and liquidity mining. We are ensuring that the DEX rewards flow for stakers is reliable, secure, and ready for you to try out. Here’s is the full list of what we’ve been working on: 📄 Core dApp Development: Backend & Core Contracts • Added support for liquidity mining on CLMM contracts, allowing the protocol to incentivize deep, targeted liquidity. • Backend now returns more information for liquidity positions to support accurate fee calculation for CLMM on the frontend. • Implemented support for CPMM fee calculation in the SDK, ensuring flexibility for builders. • We have officially started working on staking + DEX integration so that DEX rewards can be earned by stakers. 🧑🏻‍💻 Core dApp Development: Frontend & User Experience The Frontend team (@Mikalph and @_nop33) is focused on improving the design and functionality of the staking and portfolio pages: • Implemented MVP of the fully redesigned Staking page (enabling simple staking & unstaking of $ALPH). • Designed and implemented the xALPH management UI (for wrapping and staking), simplifying the interaction with the governance and reward token. • Improved the Portfolio page design for clearer asset visibility and streamlined the side navigation, wallet switch, and settings button placement. 👷 Core dApp State & UX Fixes Mika and Ilias have also been fixing state management issues to improve high-frequency transaction experience: • Fixed idle token balances update after staking / unstaking. • Fixed invested token balances update after adding liquidity. • Fixed position amounts & balances update after adding liquidity. • Fixed staking transaction messaging UX. 🪚 Core dApp Tooling & Security Infrastructure The team has also created robust, simplified transaction scripts for easy integration and fixed core smart contract issues. • Created TxScripts (with tests) for simplified staking / unstaking. • Integrated those scripts into the SDK and frontend. • Fixed xALPH vault smart contract issues. That’s a wrap for this week’s update! We’re moving closer to the testnet launch, and we’ll continue to keep you informed as we progress. Pic: Testnet UI improvements 👀

Whether traditional or new companies, the struggles seem to be the same: thinking in your own functional silo. philipwels.substack.com/p/beyond-silos…