Researching blockchain tech, the solutions solved by it and its metrics since 2014.
The Moon
Joined May 2021
- Tweets757
- Following321
- Followers51
- Likes5.5K
Simple Doge retweeted
RFQ average bridge times under 20 seconds, literally 100x faster.
Synapse Bridge is 100x faster than 2 months ago...
Simple Doge retweeted
How I think about $SYN
- Heavily misunderstood by the market (which creates an opportunity)
- It is becoming very clear that there will be different chains for different use cases and user/developer preferences.
- The Synapse RFQ system + the Synterchain gives index like exposure to the growth of crypto as a whole and the velocity of capital between chains.
- The team has been nonstop building for 2+ years, consistency shipping and improving their product
- Treasury of $17M and a current revenue run rate of >$9M that's growing quickly and proposals set to increase that (using treasury as POL for bridging)
Simple Doge retweeted
1/ Crypto’s monolithic future is dead, and monolithic bridges are dying with it.
Crypto has scaled via modularity, powered by rollups, EIP-4844, and building on DA layers like @CelestiaOrg, and @eigencloud.
Now, it’s time for the era of Modular Interoperability.
Simple Doge retweeted
Meanwhile, @beanstalkmoney, with a market cap of almost $42MM, crossed peg for the 3,240th time last hour. But who’s counting, right?
$Bean
Simple Doge retweeted
🧑🌾 The Voting Periods for BIP-40, BIP-41, BFCP-A-16 and BFCP-C-4 have started and end in 7 days.
The quorums for the BIPs and BFCPs are about ~76M and ~38M Stalk voting For, respectively.
Stalkholders can vote on the UI: app.bean.money/#/governance
Simple Doge retweeted
According to Bloomberg, CAT bonds were the single best play for hedge funds in all of 2023, w/ cyber attacks being the fastest growing category...
bloomberg.com/news/articles/…
But who's been tackling 'on-chain catastrophes' for the crypto sector? 👀
Always has been 🔫🙂💥
Simple Doge retweeted
⚡New Partnership Announcement ⚡
We're excited to announce that @y2kfinance has successfully integrated UMB price feeds.
➡️ @y2kfinance is a derivative options protocol built on #Arbitrum.
It provides a suite of products for hedging positions surrounding pegged assets, including exotic peg derivatives.
➡️ To kick off the partnership, Umbrella is fueling Y2K
#smartcontracts with a $crvUSD price feed for their Earthquake vaults.
More custom price feeds are in the works for the near future, so stay tuned! ☂️
Read more about the partnership in this article 👇🏻
medium.com/umbrella-network/…
Simple Doge retweeted
1/ Synapse's 2024 World Domination Plan
Step 1 - Build the best bridge(RFQ is live!)
Step 2 - Use the network effects from bridging to launch the best Interchain Network
Step 3 - Marry the technology with economic incentives
Read more - synapse.mirror.xyz/JOhV8_8HM…
Simple Doge retweeted
Ever heard of a DEX that has a 0% swap fee?
@basinexchange allows trustless swaps between $BEAN and $ETH while only paying the Ethereum gas fee.
How does the DEX attract liquidity you might ask?
Basin LP's are deposited into @beanstalkmoney 's Silo and in turn receive Stalk, which entitles them to a percentage of the seigniorage whenever demand for BEAN increases enough to cause supply growth.
In this way, liquidity is incentivised without the need for a tax on users.
Fantastic use of the positive carry only available with a credit-based #stablecoin
Simple Doge retweeted
Ledger Library Exploit Explainer for Average Folks
What is going on with the recent alerts not to use dapps?
A library that is used by many dapps that is maintained by Ledger was compromised and a wallet drainer was added.
What do I do as a normal user?
Do not interact with any dapp front ends on websites for now. This is an ongoing situation and it is risky to use dapps currently if you don't understand what backend libraries they use.
How does this drain your money?
If you visit the website you won't get automatically drained or your funds. However, prompts from your browser wallet (like MM) will display that give your assets to the malicious actors.
Does Ledger know about this?
Yes they do and are working on it.
Note: Even after Ledger corrects the bad code in their library, projects using and deploying that library will need to update things before it is safe to use dapps that use Ledger's web3 libraries.
Disclaimer: This is my own opinion and not the opinion of any of my employers. Take this advice at your own risk.
Stay safe ♥️
🚨 ledger library confirmed compromised and replaced with a drainer. wait out interacting with any dapps till things become clearer.
cdn.jsdelivr.net/npm/@ledger…
Simple Doge retweeted
Neofinance at scale - Canto is migrating to a ZK-powered Ethereum L2, built with @0xPolygon CDK.
The @CantoPublic community will tap Ethereum’s deep liquidity via a shared ZK bridge without sacrificing user security – a big stride toward neofinance.
go.polygon.technology/48oX3R…