The place to discover your favorite AI x Blockchain products, founders, and investors. 22,000+ subscribers at https://xitter.cf/t.co/Y5ejMNd2a4 DMs open for collabs ✍
San Francisco, CA
Joined October 2013
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1/ 🚀 CZ (@cz_binance): A Trailblazer in the Blockchain Industry 4️⃣
(We love him lots for the years he has sacrificed to push the whole industry forward)
Good Audience 🌎🌍🌏 retweeted
A look into how powerful governance can be for DeFi protocol and how big of an impact the governance tokens could have ft @ConvexFinance & @CurveFinance
So far, @ConvexFinance has generated over $472M in revenue with $323M going to Curve LP stakers and ~$96M going to $CRV stakers on @ConvexFinance
It it clear to say that convex has become the kingmaker of @CurveFinance and the bribes prove it.
Lets take a look into how bribes work, how do $CVX stakers make the most of this and why governance tokens actually have value.
Why does Convex finance matter?
Convex Finance is a yield optimizer built on top of Curve. It allows CRV holders to:
->Lock their CRV tokens via Convex
->Earn boosted rewards without locking for 4 years themselves
In exchange, Convex gets the governance power (veCRV)
That’s the trick: Convex accumulates veCRV, and that gives it influence over where Curve emissions go.
At present, 416.4M $veCRV is controlled by Convex, that’s 52.2% of ALL veCRV
Convex also controls:
36% of veFXS
50% of veFXN
21.9% of RSUP
That means protocols that want liquidity don’t lobby Curve directly, they court Convex voters (via $vlCVX).
The Bribe economy, where votes are incentivized:
->Curve emissions go to pools based on votes by veCRV holders
->Convex controls most veCRV, so, protocols offer bribes to vlCVX voters to vote for their pool
->Voters get paid in ETH, stablecoins, or tokens just for voting
->Every 2 weeks, a fresh vote. A fresh payday.
Bribes in the past rounds?
@fraxfinance, Over $5.7M paid in bribes
Abracadabra: $2.2M+
@AlchemixFi: $1.3M+
@LidoFinance: 250K+ LDO tokens
In bull cycles, bribes can be above $10M+ per epoch
All through platforms like @votiumprotocol
Are bribes really needed?
->Protocols don’t need to dilute their own tokens to attract liquidity
->Voters (vlCVX holders) earn passive income
->Curve liquidity becomes incentive-aligned & decentralized
It’s a win-win... unless you’re not in the game.
How do you play this yield game?
Convex is not just yield farming. It’s DeFi governance-as-a-service.
1. Lock CRV → Get vlCVX
2. Vote → Earn bribes
3. Hold vlCVX → Own part of the treasury and influence DeFi’s deepest liquidity
And with Convex now holding over half the voting power of Curve, it’s effectively the central bank of DeFi liquidity.
As governance evolves further, we might be seeing more bribes going to stakers/voters for various different projects.
Good Audience 🌎🌍🌏 retweeted
The intersection of crypto and AI can be one of the most impactful sectors ever.
But the decentralization of the AI stack is not working now, primarily because we have a surfeit of supply and not enough demand.
Decentralized compute and data protocols incentivize the supply side, paying out tokens to anyone who can provide GPUs and data, respectively.
But the actual usage of these resources is almost non-existent.
Imagine AirBNB with a ton of homes to rent, but no one to rent them. Imagine Uber with a bunch of drivers but no one requesting rides.
These protocols need to balance the supply with demand to build a sustainable marketplace of AI resources. They need to find builders and companies to actually consume these compute and data resources.
Otherwise it'll be bye-bye for them, and maybe the space as a whole
Good Audience 🌎🌍🌏 retweeted
Want to learn about the latest and greatest in crypto privacy?
We’re hosting an online panel called “The State of Crypto Privacy” with Zcash, Panther Protocol, and Enclave on Tuesday, July 1 at 1PM ET. We would love to see you there!
Panelists include:
• @paulbrigner - VP of Strategic Alliances for @ElectricCoinCo / @Zcash
• @OriginalOlii - Co-Founder of @ZKPanther
• @auryn_macmillan - Co-Founder and CEO of @EnclaveE3
We will discuss the importance of transactional and data privacy in blockchain, the technologies and products being built, use cases, and much more.
Registration link in the tweet below.
Let me know if you have any questions. Hope you can make it!
Good Audience 🌎🌍🌏 retweeted
This is happening tomorrow!
Please register if you haven't already: lu.ma/1abh18w7
We are at 86 registrations and would love to get to 100!
Hey all!
We at @DeepVenturesVC are hosting an online panel called:
Building on Bitcoin: From Digital Gold to Global Infrastructure
on Tuesday, May 20 at 1PM ET and would love to see you there!
Panelists include:
- @ShaileeA - Head of BD for @trustmachinesco / @Stacks
- @tobynovum - Co-Founder of @ordinalsbot
- @CryptoKeesan - Co-Founder and CEO of @Torram_xyz
We will discuss Bitcoin's journey from store of value asset to developer infrastructure with a fast-growing ecosystem, what’s being built now, and what the future holds.
Please register here: lu.ma/1abh18w7
Hope to see you there!
Good Audience 🌎🌍🌏 retweeted
This tweet just got featured in an article by the NY Times!
xitter.cf/mikewchan/status/19219…
My tweet about how Trump is hurting the crypto industry more than helping it just got featured in an article by the @nytimes!
Hope I don't get deported to El Salvador
Link to article and original tweet below
Good Audience 🌎🌍🌏 retweeted
Hot take:
Trump is hurting the crypto industry more than helping
He is fulfilling every promise he made about loosening crypto regulations
The problem is that he's doing so to personally profit
Launching $TRUMP and hosting the pay-to-play dinner at Mar A Lago, World Liberty Financial and USD1, $MELANIA
The grift goes on and on
The crypto industry already had a bad rep due to the scams and rugpulls
Now it's happening at the highest levels of government
We will never be taken seriously if this shit continues
Good Audience 🌎🌍🌏 retweeted
TST got listed on Binance. A few thoughts:
1. CZ said “fundamentals”, then talks about a test coin turned meme coin.
I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral for whatever reason. 😂
2. Is CZ shifting away from fundamentals? No. I am a builder. I always focus on fundamentals.
3. Is CZ “into” meme coins now? It depends on your definition of “into,” I haven’t bought a single meme coin so far.
4. Then, is CZ against meme coins? No. Not “into” something doesn’t mean I am against it. I am not into sports cars; I don’t collect art; I haven’t bought any NFTs; I also haven’t bought most altcoins (I hold BTC and BNB). But I am not against any of the above. And I think most of you’d agree, that I have worked hard and "gone to some lengths" to help many altcoins and the crypto industry in general. I adopt the same view towards meme coins.
5. Why did TST get listed on Binance? I don’t know for sure. I am entirely NOT involved in their listing process. Based on historical experience, people always complain, “Why do you list this but not the coin I hold?” You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you don’t need to talk to exchanges. As I always say, work on your project, not the exchanges.
6. Why do people buy memes instead of utility tokens? I don’t know, but I will go on a limb and make a few speculations (pun intended).
6.1 During the last four years, a powerful regulatory agency sued almost anyone with any utility token, falsely claiming they are securities. So, people started to launch memes.
6.2 There are groups of traders known as speculators. Things with clear tangible value are harder to speculate on. They stay around the clear value. This is indeed a challenge for RWA. For example, a building whose value doesn’t fluctuate much may not have a lot of trading activity. Then, it won’t have much liquidity, and the order book becomes thin, then even less trading activity, a vicious cycle.
6.3 Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community.
7. Lastly, it’s clear there are lots of money ready to invest in the market. Lots of opportunities. You need to build things people want.
Happy building and happy memeing! And manage your risks. 🫡
Good Audience 🌎🌍🌏 retweeted
We're getting closer to replacing archive nodes entirely.
If you use WeaveVM for ledger storage (like @MetisL2, @avax, @rss3_, @dymension), you can now reconstruct your chain's state from that data.
With state reconstruction, devs can pull archived data from WeaveVM storage and reconstruct the World State Trie in just a few lines of code.
This bypasses reliance on centralized, gatekept archival node solutions.
Details here:
blog.wvm.dev/state-reconstru…
DM to get involved in the PoC.
Good Audience 🌎🌍🌏 retweeted
Blast with a Bear on it will launch TODAY at 4:20 pm UTC (10th Feb) on @KodiakFi
Sorry for the 20 minutes delay but the devs were heads down building the last button for the launch.
Retweet and comment with your wallet. First 1000 will be eligible for the airdrop.
Good Audience 🌎🌍🌏 retweeted
People are not bullish enough about @aoTheComputer and especially what it will do for $AR demand @ArweaveEco
Good Audience 🌎🌍🌏 retweeted
Summary: raise the blobs, work hard on interop and security, think about economics. See the post for more details on each topic.
Ethereum's future is bright.
Good Audience 🌎🌍🌏 retweeted
Scaling Ethereum L1 and L2s in 2025 and beyond
vitalik.eth.limo/general/202…
Good Audience 🌎🌍🌏 retweeted
How it works behind the scenes:
Relic storage is handled by the @WeaveVM Bundles library -- quickly, cheaply and permanently storing images as EVM calldata.
User accounts, identity, ownership and tokens are handled by a suite of smart contracts deployed to WeaveVM.
Good Audience 🌎🌍🌏 retweeted
Also, new leadership!
Or, depending on perspective, old leadership. Ella has been instrumental in founding Labs in the first place. She led key investments that not only generated high yields, but also shaped the industry, including Polygon, Injective Protocol, CertiK, Dune Analytics, Kava, SafePal, Elrond, Nym...
It's great to have her back at the helm of Labs.
Blockchain for Dummies 🤯
@WeaveVM is a hyperscalable Ethereum Virtual Machine (EVM) network that integrates directly with @ArweaveEco, providing permanent, cost-effective, and scalable data storage solutions for decentralized applications (dApps).
By addressing the storage limitations of traditional EVM chains, WeaveVM enables the creation of content-rich, data-intensive dApps, paving the way for innovative applications in the blockchain ecosystem.
For a more in-depth understanding of WeaveVM, you can watch the following explanatory video:
youtube.com/watch?v=cM5toB2k…
