Onchain Utility Trader | Private Investor| Alter Ego @DefiTage | @Build_Vertical
Joined July 2022
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๐ต๏ธโโ๏ธ ๐ฃ๐ฅ๐๐ฉ๐๐๐ฌ ๐ ๐๐๐๐๐ก๐๐ฆ๐ ๐๐ก ๐๐๐๐;
You might have been seeing โPRIVACYโ narrative but actually wondering what itโs all about? Let me walk you through.
Privacy tokens are cryptocurrencies which allow users to conduct transactions privately and anonymously - ๐๐ป๐ผ๐ป๐๐บ๐ถ๐๐ ๐ถ๐ ๐ฝ๐ฟ๐ถ๐ผ๐ฟ๐ถ๐๐ถ๐๐ฒ๐ฑ.
This ensures untraceable transaction and identity of the parties involved are kept private!
๐ง๐ต๐ฒ ๐ฝ๐ฟ๐ถ๐๐ฎ๐ฐ๐ ๐บ๐ฒ๐ฐ๐ต๐ฎ๐ป๐ถ๐๐บ ๐๐๐ฒ๐ฑ ๐ถ๐ ๐ญ๐๐ฃ;
You might be wondering, whatโs ZKP?
ZKP is zero knowledge proof allows one party called the ๐ฃ๐ฅ๐ข๐ฉ๐๐ฅ convince another called the ๐ฉ๐๐ฅ๐๐๐๐๐ฅ that a statement is true without actually revealing the underlying information;
For better understanding; โProving you know a password without revealing it to the third partyโ
The main mechanism used in privacy is the;
๐๐ ๐ฆ๐ก๐๐ฅ๐๐ฆ ๐ฎ๐ป๐ฑ ๐๐ ๐ฆ๐ง๐๐ฅ๐๐ฆ
zK SNARKs and zK STARKs are the main family of ZKP;
Using $ZEC and $NPT as an example to explain zK SNARKS and zK STARKS;
๐ ๐๐ข๐ ๐ฃ๐จ๐ง๐๐ง๐๐ข๐ก ๐ ๐ข๐๐๐
For $ZEC they use the zero knowledge (zK) SNARKs which is fitted to the current model of computation in which there is a direct relation between the input to output ratio proven.
For $NPT they use zK STARKs which is fitted to the state machine model of computation.
You might be wondering whatโs zK STARKS and zK SNARKS;
Theyโre the foundational in zero knowledge cryptography for blockchain scalability and privacy.
Another mechanism used is;
๐ฆ๐ต๐ถ๐ฒ๐น๐ฑ๐ฒ๐ฑ ๐ฃ๐ผ๐ผ๐น๐
A shielded pools is a smart contract that that holds funds in privacy layer, making transactions inside it unlikable;
How does a shielded pools works?
When a user deposit liquidity in a pool their tokens are immediately converted into a private note or private commitment and any transfer made in the pool are hidden and untraceable using ZKPs.
@RAILGUN_Project uses shielded pools, you can check them out to learn more :)
Quick way how it works;
- Verify the sender has enough balance privately
- Generate proof of validity
- Then the poolโs state commitment is updated using Merkel tree.
Also the great @TornadoCash use this mechanism.
Another interesting mechanism;
๐๐ผ๐บ๐ผ๐บ๐ผ๐ฟ๐ฝ๐ต๐ถ๐ฐ ๐๐ป๐ฐ๐ฟ๐๐ฝ๐๐ถ๐ผ๐ป (๐๐)
Itโs a type of encryption that that allows computation on encrypted data as to allow the protocol perform operations like yield calculation without decrypting the balance.
This simply allows DAPPs to handle confidential data secured
A good example of protocol that uses this mechanism is @fhenix
Privacy is a $6B mcap sector in DeFi currently and I believe itโs very low because this was part of the great idea of $BTC - ๐๐ป๐ผ๐ป๐๐บ๐ถ๐๐.
DEFITAGE retweeted
Been talking to frens that are cracked about DEFI and we recently discussed the mechanism here, what I find pretty interesting;
Ducat is an onchain treasury engineered to move on way and itโs backed by assets with monetary policy governed by Uniswap v4 Hooks.
Ducat is basically an onchain treasury currently, not a dollar stable coin. It is a small public bank that issues a token called $DUCAT
And these matters;
- Market
- Backing
- Reference.
Been digging deep into this and it looks absolutely great as a protocol.
My eyes are glued on this.
An important message from The Guardian:
We have a limited number of whitelist spots for the Ducat NFT Passes (which begin auctioning after launch on Friday).
If you're interested in a spot... (1) QT our pinned tweet (2) craft a post with your take on Ducat, and (3) shoot them to us via DM.
There's a maximum of only 1,000 NFT Passes across the Founder, Charter, and Member tiers. They'll collect at least half of every DUCAT expansion while being redeemable for the protocol's tokenized equity backing ($AAPL, $TSLA, $NVDA). We expect you'll appreciate the art as well.
Receiving a whitelist spot means you won't need to meet the minimum bonding requirement ($250-$1,000) to participate in NFT auctioning.
Been talking to frens that are cracked about DEFI and we recently discussed the mechanism here, what I find pretty interesting;
Ducat is an onchain treasury engineered to move on way and itโs backed by assets with monetary policy governed by Uniswap v4 Hooks.
Ducat is basically an onchain treasury currently, not a dollar stable coin. It is a small public bank that issues a token called $DUCAT
And these matters;
- Market
- Backing
- Reference.
Been digging deep into this and it looks absolutely great as a protocol.
My eyes are glued on this.
An important message from The Guardian:
We have a limited number of whitelist spots for the Ducat NFT Passes (which begin auctioning after launch on Friday).
If you're interested in a spot... (1) QT our pinned tweet (2) craft a post with your take on Ducat, and (3) shoot them to us via DM.
There's a maximum of only 1,000 NFT Passes across the Founder, Charter, and Member tiers. They'll collect at least half of every DUCAT expansion while being redeemable for the protocol's tokenized equity backing ($AAPL, $TSLA, $NVDA). We expect you'll appreciate the art as well.
Receiving a whitelist spot means you won't need to meet the minimum bonding requirement ($250-$1,000) to participate in NFT auctioning.
A scammer is definitely doing everything to out perform you, but not in a positive way!
What da heck!
Scammers found a way to make people drain their own wallets without sending them a phishing link.
They uploaded YouTube tutorials showing people how to build an AI crypto trading bot with Claude.
People followed the tutorial themselves.
Copied the code.
Deployed the smart contract themselves.
Funded it from their own wallets.
And approved every transaction themselves.
Except the โtrading botโ had no trading logic.
It was built to send their ETH straight to the scammers.
224 wallets lost 274.6 ETH, worth about $517,000 when it was stolen.
The median victim lost 1 ETH.
Some victims even got an error after getting drained telling them to deposit another 50% to fix the bot.
They literally got people to build, fund and approve their own wallet drainer.
You've got to be very careful this days
DEFITAGE retweeted
.@prm_market is under two weeks old
In that time: the first Nasdaq penny stock trading onchain, stock auctions where the winning bid gets burned, holder rewards paid in $PRM, and a public simulator so anyone can break V2 before it ships
$14.6M volume, 21.8M $PRM burned, 2.2% of the supply gone for good
V2 is this week. That's the version where the money degens leave in meme liquidity can end up buying the actual shares
All of it sitting at $6M mc โ๏ธ
12 days ago, Premium was a thesis.
Since then, we have launched the first pSTOCK, opened the Token Factory, introduced Desk Auctions, added creator fee routing and Holder Rewards, expanded trading routes, made the flywheel auditable and released Curve Lab.
We built the individual rails.
V2 connects them into one capital lifecycle.
Demand for pSTOCK moves through the hookless Curve Desk and converts its inventory into ETH.
Creators launch markets paired with that pSTOCK. When those markets graduate, pSTOCK becomes permanently embedded in ecosystem liquidity.
That permanent liquidity creates eligibility for matching ETH from already-traversed Desk ranges to enter the Stock Reserve and accumulate the corresponding offchain shares.
So every layer begins feeding the next:
More Desks -> more deploys -> more graduations -> more locked pSTOCK -> more Stock Reserve eligibility -> a stronger bridge between onchain demand and the offchain stock.
The flywheel has not seen anything close to its real potential yet.
DEFITAGE retweeted
$PRM launched their demo yesterday to showcase how the v2 pool works.
$PRM currently at a discount and itโll clear ATH this new week.
Picking a bag here!
$PRM launched their V2 demo yesterday.
The team built a simulation to showcase how the Premium v2 pools work and how it turns dead liquidity into actual stock reserve, completing their infra to bring penny stocks onchain.
RWA is confirmed to be the main narrative for this cycle, and penny stocks is one of the most exciting sub-narratives imo.
Once Premium V2 launches and we start seeing a lot more virtual stock listings and exponential growth of the off-chain stock reserve, we'll probably see everyone start talking about 'the crypto platform that is buying up penny stocks in bulk'. (in- and outside the crypto bubble)
A potential 'board seat' is the catalyst that is sending coins to 100s of millions in market cap atm. And $PRM is one of the most primed to actually meet this catalyst. Penny stocks are way easier to buy the necessary supply of to receive a seat on the board, keep that in mind.
Think things will go crazy once V2 launches.
Premium and chill.
$PRM launched their demo yesterday to showcase how the v2 pool works.
$PRM currently at a discount and itโll clear ATH this new week.
Picking a bag here!
$PRM launched their V2 demo yesterday.
The team built a simulation to showcase how the Premium v2 pools work and how it turns dead liquidity into actual stock reserve, completing their infra to bring penny stocks onchain.
RWA is confirmed to be the main narrative for this cycle, and penny stocks is one of the most exciting sub-narratives imo.
Once Premium V2 launches and we start seeing a lot more virtual stock listings and exponential growth of the off-chain stock reserve, we'll probably see everyone start talking about 'the crypto platform that is buying up penny stocks in bulk'. (in- and outside the crypto bubble)
A potential 'board seat' is the catalyst that is sending coins to 100s of millions in market cap atm. And $PRM is one of the most primed to actually meet this catalyst. Penny stocks are way easier to buy the necessary supply of to receive a seat on the board, keep that in mind.
Think things will go crazy once V2 launches.
Premium and chill.
Thank you for writing this star.
After roundtripping over 6 figures last cycle, will read this article every week!
Thank you; Thank you!๐โค๏ธ
DEFITAGE retweeted
Tokenized stock szn coming to Arbitrum and positioning for that, I see $ODYS as the main alpha for this;
$ODYS is a token stock launchpad on Arbitrum currently with about 26.47m in volume which actually suggest real activity at a low valuation.
Itโs the Pons of Arbitrum chain.
@bfresh follows them already and I think Iโve seen an interaction about fomo integration coming soon.
Remember Robinhood chain is built on Arbitrum stack which is a layer 2 and about 10% of the revenue hours to @arbitrum under AEP
$ODYS currently on a pull back at 1.6m and I believe itโs best entry to grab a good bag here.
I see this as the next big runner before the end of Q4.
Positioning here early enough.
Other good bet are great memes on the chain, $RHUB , $NOLA , $MILES they are all very low rn.
Arbitrum autumn ๐ is coming ๐โโ๏ธ๐
Tokenized stock szn coming soon to @Arbitrum
Arbitrum One has the widest catalog of tokenized equities of any blockchain across 5+ issuers and 4,400+ assets
This is why neutrality is ๐
Because issuers/companies can only benefit from having their products available here where there's already ample liquidity, teams, and growth of the eco as a whole on the horizon
Expect more news on composibility of some of these stocks by end of month
Tokenized stock szn coming to Arbitrum and positioning for that, I see $ODYS as the main alpha for this;
$ODYS is a token stock launchpad on Arbitrum currently with about 26.47m in volume which actually suggest real activity at a low valuation.
Itโs the Pons of Arbitrum chain.
@bfresh follows them already and I think Iโve seen an interaction about fomo integration coming soon.
Remember Robinhood chain is built on Arbitrum stack which is a layer 2 and about 10% of the revenue hours to @arbitrum under AEP
$ODYS currently on a pull back at 1.6m and I believe itโs best entry to grab a good bag here.
I see this as the next big runner before the end of Q4.
Positioning here early enough.
Other good bet are great memes on the chain, $RHUB , $NOLA , $MILES they are all very low rn.
Arbitrum autumn ๐ is coming ๐โโ๏ธ๐
Tokenized stock szn coming soon to @Arbitrum
Arbitrum One has the widest catalog of tokenized equities of any blockchain across 5+ issuers and 4,400+ assets
This is why neutrality is ๐
Because issuers/companies can only benefit from having their products available here where there's already ample liquidity, teams, and growth of the eco as a whole on the horizon
Expect more news on composibility of some of these stocks by end of month
90% of degens faces this.
Everyone needs a detox right now before the bull really starts.
Shake off bear market PTSD.
One of the best trenchers I know keeps selling 100x runners for a small win or even for a loss because of their bear market PTSD
They had PONS at $3m, STONKS at $6m, flybrain $200k and many other big runners recently
They feel like shit because of the missed opportunities. I told them Iโm impressed that youโre on all these early runners and itโs only a matter of time until they hit big
Shake the Bear market PTSD off & start holding. The best is yet to come
Lock in season
DEFITAGE retweeted
have made multiple post on @standard_rsv and did make it to Round 2 cut.
noticed how almost 40% of ct account that qualified didnโt make a single content on em.
iโm here again to ask @0xbeans what is the actual criteria cause it seems like making content is not the only option to get in.
@0xbeans plz send welp!
DEFITAGE retweeted
> PUBLIC_SNARKLIST: LIVE_ // zcash:native
> zksnarks.net/snarklist
DEFITAGE retweeted
Robinhood is literally a home of DEFI;
Making a lot of research on launchpads and @pairdotfund actually makes sense and capture these category best.
Pair is a launchpad that enables token deployment paired with a lot of digital asset and stocks which enables users to buy a token paired with any asset and earn that asset/stock in return and it's powered by @Uniswap v4 hooks.
Over the last week, the $PAIR ecosystem has surpassed over $100m trading volume across the ecosystem and over $600,000 has been distributed in creator rewards to builders and creators.
Pair is also the only launchpad to integrate live stream for creators to showcase their product visually and explain to their audience and community their intent on what they are building.
Pair also integrated trading terminals such as @gmgnai and pair token can be traded on there and integration of v2 tokens for exposure.
My personal thought, Pair dev is doxxed and shipping daily update which is pretty impressive and he's the only Dev across RH actually building publicly with a doxxxed face.
Market is currently on a discount and i picked up a bag at 16m mcap; I think this will be trading at ATH before EOW.
0x6b1d42927B1a84eC28Fa88d4fC6FA7AF404966be
PAIR EVERYTHING.
Robinhood is literally a home of DEFI;
Making a lot of research on launchpads and @pairdotfund actually makes sense and capture these category best.
Pair is a launchpad that enables token deployment paired with a lot of digital asset and stocks which enables users to buy a token paired with any asset and earn that asset/stock in return and it's powered by @Uniswap v4 hooks.
Over the last week, the $PAIR ecosystem has surpassed over $100m trading volume across the ecosystem and over $600,000 has been distributed in creator rewards to builders and creators.
Pair is also the only launchpad to integrate live stream for creators to showcase their product visually and explain to their audience and community their intent on what they are building.
Pair also integrated trading terminals such as @gmgnai and pair token can be traded on there and integration of v2 tokens for exposure.
My personal thought, Pair dev is doxxed and shipping daily update which is pretty impressive and he's the only Dev across RH actually building publicly with a doxxxed face.
Market is currently on a discount and i picked up a bag at 16m mcap; I think this will be trading at ATH before EOW.
0x6b1d42927B1a84eC28Fa88d4fC6FA7AF404966be
PAIR EVERYTHING.