0xN40 retweeted
It is my birthday ๐
So iโm giving away my entire @world_xyz Stimmy to my community ($444)
To qualify:
- RT and Follow
- Comment
Goodluck ๐
0xN40 retweeted
"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"
"you are 100% correct, dave"
jfc.
0xN40 retweeted
I want to give away $1,000 to someone. Follow and tag two friends and retweet. I'll pick the winner at random tonight.๐๐ฅฐ
0xN40 retweeted
> We underperform everything for a whole year, condition all of the plebs to fade ETH, then we send it to 10k with no dips.
0xN40 retweeted
>Creates largest crypto exchange in 6 months
>Targeted by agencies globally
>Unrelenting negative press coverage
>Shitposts through it all
>Settles with gov, walks a free man
>Retains ownership of company, can return after 3 yrs
>Exchange operates seamlessly throughout this saga
0xN40 retweeted
SBF found guilty on all 7 counts.
Let's remember that he operated "the safe and regulated" exchange, and not a single regulator caught him.
It was, instead, the market, which is not only a great fountain of innovation, but also the best arbiter of discipline and justice.
0xN40 retweeted
I don't get why people still complain about Ethereum layer 1 gas fees
L1 fees are never going to be cheap - use a L2 network which is cheaper and will get much cheaper over time
Or you can use a different L1 and quickly realise why everyone uses Ethereum (in spite of the fees)
0xN40 retweeted
Incredible slow motion footage of a cheetah running at over 60mph (96km/h), captured at 1200fps by cinematographer Greg Wilson.
Go mint yours!
xitter.cf/holographxyz/status/16โฆ
Introducing "KilroyPunk," a collaboration between artist/designer @elmselms & web3 luminary
@0xfoobar
โ First ever collaborative multichain OE
โ 48-hour mint
โ Available on Ethereum, Polygon, Avalanche, BNB Chain, & Optimism
Mint "KilroyPunk"
โฐapp.holograph.xyz


























