AffableVillain retweeted
We're giving away a Hogwarts Legacy custom wrapped NVIDIA GeForce RTX 5090 to celebrate its official release with DLSS 5 🪄
To enter:
🟢 Share this post
🟢 Comment #RTXON
Terms and Conditions: nvidia.com/en-us/geforce/con…
AffableVillain retweeted
First 50 people to repost this + comment “DOMINATE” get my Power Position System (normally $97) for FREE.
After 50, it’s gone. 👊
AffableVillain retweeted
The Lithos airdrop represents 5% of the total supply.
That is a sizable chunk... but the risk/reward of test net mining to help bootstrap an untested idea over a long term period is high.
When the emission contracts launch, you'll be able to use your LIT to collateralize and gain rewards on your ERG.
We suggest that you set some amount of LIT aside for this now, so that you can help the protocol work properly and gain rewards in turn.
82.5% will be going into the emission contract on launch.
AffableVillain retweeted
Today we're releasing the tokenomics info for Lithos Protocol and the $LIT token.
The goal of the $LIT token is to place the power of liquidity creation into the hands of miners. At the same time, lenders will be able to use the token to gain $ERG rewards via collateralization.
ALT Lithos Tokenomics Information
AffableVillain retweeted
Hoping to release tokenomics info for Lithos Protocol in the next few days.
If you mined Lithos test net please pay attention as you will be the first to receive initial tokens. 🫡
This needs to happen before the main net release, this would allow some time for initial miner collateral UTXOs to be created.
AffableVillain retweeted
Matrix: fast confirmations coming to Ergo!
In 2026, it is known that Proof-of-Work consensus protocols, via such extensions as Prism, Parallel Proof-of-Work, or TailStorm, can achieve unbeatable throughput and also fast confirmation times.
After research, ideas from such protocols were adopted for Ergo setting and resulted into Matrix design.
AffableVillain retweeted
First Basis note transferred off the grid. We need for some more testing. Then doing blueprints for use cases like African villages. Another direction is agent-2-agent interactions with credit expansion on top of human-provided base smart money.
P2P money for humans & agents
AffableVillain retweeted
Thomas Massie's opponent in the Kentucky 4th GOP primary ran a Biden 2020 campaign - from his basement.
No debates, no rallies, no interviews.
So how did he achieve an historic number of votes from the district?
People are talking...
Watch @RonPaul & @DanielLMcAdams below:
Did Massie Lose...Or Was He Pushed? xitter.cf/i/broadcasts/1pKkOyBLg…
AffableVillain retweeted
USE is an algorithmic stablecoin backed by ERG, mintable at a 1:1 ratio. The peg is maintained by an algorithmic central bank that intervenes whenever the price starts deviating.
A completely unique design based on @chepurnoy’s research.
Follow links in profile to find out more
AffableVillain retweeted
🔥 $USE is now live on Concentrated Pool on @DanoFinance
DanoFinance is the first DEX to support swaps for the USDCx - USE pair
Swap with lower slippage and better execution, powered by concentrated liquidity.
Trade smarter. Swap smoother.
More pairs coming soon.
AffableVillain retweeted
Ever wished your liquidity positions could earn fees like a real asset?
Tradable position like a revenue bond?
PlasmaDEX is working to make it happen on Ergo.
AVL-based tracking + NFT ownership = a new revenue primitive.
Public testing is live in the Lithos V4 Client.👇
Lithos Client v4
=====PlasmaDex:
- Added PlasmaDex LP contract, a new AMM Liquidity Pool which collects constant fees that are not subject to impermanent loss
- Added off-chain code for deposits, swaps, redemptions, fee withdrawals and fee claims
- Added corresponding API calls on Lithos Client Docs (localhost:9000/assets)
- Added initial ERG / LIT PlasmaDex Liquidity Pool
- Added synchronization process for PlasmaDex dictionary
- Added historical synchronizer for PlasmaDex dictionary in order to claim fees
=====Emissions:
- Added emission contract for LIT token
- Enabled token distribution for Lithos rollups
- Modified self-collateralization to use emission contract to create collateral boxes
=====Bug Fixes:
- Fixed bug where change values less than 1000000 nERG were not added onto the miner fee
- Fixed bug where self-collateralization caused abnormally large amounts of double spend errors
- Fixed stratum bug causing job ids to not increment properly
AffableVillain retweeted
Update @LithosProtocol
Node synced, tested launch script for LP and emissions contract, fixed some bugs in emissions contract, and modified the sync process for the LP so that it is only synced on demand
Syncing is needed for changes in liquidity and for claiming fees, not for swaps.
Hoping to wrap things up and post the update to testnet on Sunday morning.
Would have preferred a bit earlier but life happens.
AffableVillain retweeted
Assumptions are very clear with @RosenBridge_erg
Say we are going from ETH -> BSC
- user sends token to a msig like address on ethereum controlled by a guard set of 7/10
- watchers (decentralized) of 15/23 bring this event on to ergo blockchain where at least 15 watchers need to validate the event actually exists on ethereum and post about it on ergo
- at least 7 guards need to then verify this claim then only releases asset on BSC from another 7/10 msig like address
watchers can join us at ANYTIME and earn rewards while contributing to decentralization and security
Now consider KELP's LayerZero bridge
- user sends token to contract
- contract burns token
- DVN (equivalent to guard-watcher) ran by LayerZero verification and ONLY ONE verification required
- executor delivers message to ethereum where a contract unlocks the token on the ethereum side
To put the exploit in the simplest terms, the 1/1 DVN infrastructure was hacked.
Draw your own conclusions. Know your assumptions.
I added some gemini drawn visualizations of how the bridges work.
AffableVillain retweeted
Years of building led to this week. Lithos Mainnet: Incoming.
Day 967 of asking @krakenfx to list $Erg
@pdimitrakos @DMBrumField @arjunsethi
Day 96 of asking @coinbase to list $Erg
@dankimxyz @zosegal @shaaa256
After extensive testing and improvements on testnet, we are now hoping to launch Lithos mainnet this week.
The date isn't set yet but anyway Lithos Mainnet is close.
The full code and client are public at github.com/Lithos-Protocol/L….
More details coming soon.
Run it.
AffableVillain retweeted
Everything you need to know about the decentralized mining pool protocol using Non-Interactive Share Proofs (NISPs)
lithos.work/docs
AffableVillain retweeted
Things are looking good for a launch of Lithos Protocol on Mainnet next week.
Crypto has incedibly short term hype cycles markets trying to create and chase narratives.
Lithos took over 3.5+ years to get to this point.
That is a long time in the crypto space. A lot of shiny things, populist narratives came and went in that period.
The goal here was never hype, it was for the purpose.
On chain mining pools that finally push PoW toward the highest Nakamoto coefficient. It's a powerful and unique tool.
Patience is building power slowly.
Mainnet next week. Proud of that grind.
Run it.
