@RPC_20

byb*t top 50 trader | crypto class of '20

Joined April 2020
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13Media
Ethena's $ENA launches tomorrow. Farming shards was very lucrative, but top recipients will be subject to vesting I was able to get the shard distribution for all users on mainnet and figure out the cutoff for vesting Detailed numbers below ⬇️
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It's a whale's game with more than 60% of total shards going to the top 2000 The cutoff for top 2k is ~10M shards, or $25k put into a 10x pool from the start Note: I didn't track shards given on L2's or gearbox, so actual cutoff likely somewhat higher
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Since the top 2000 are subject to a 6 month vest on 50% of their allocation, this reduces the initial float from 1.43B to 1.18B ENA Where do you think ENA opens tomorrow?
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a timeline of this evenings events
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It seems to me that BTC dumped *as* people realized that the news was fake, not before
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With the launch of staked ETH withdrawals earlier today, there has been much fear mongering with regards to withdrawals and the size of the withdrawal queue ~82,000 ETH ($155M) withdrawn in the last ~8h But the more important question—where has that ETH gone? (1/n)
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How much ETH sold in total? 150.39 ETH (~$285k) Thats ~0.18% of the total 82299 ETH withdrawn ~0.38% of the 39999 ETH withdrawn to EOA's (5/n)
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It's still early, so I'll keep updating this thread with the latest stats but for now it's looking like the ETH is in strong hands (6/n)
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Unlike other PoS coins, ETH's supply issuance rate is not static—it increases as more ETH is staked to maintain an attractive enough staking APR. How significant will the increased staking participation be post-Shanghai? Will ETH still be deflationary? (1/5)
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The ~1.15% annual inflation would imply 1,384K ETH issuance, *double* its current value. At current burn rates, ETH would no longer be be deflationary but instead be slightly inflationary at ~0.26%/yr (4/5)
https://ultrasound.money/

ALT https://ultrasound.money/

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ETH would be deflationary again if avg base fee is ~30+ gwei with full blocks In the medium term, this seems easily achievable with a small increase in on-chain activity However, it remains to be seen what gas fees will look like in a rollup dominated world with cheap DA (5/5)
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UST is in such a fascinating place right now. The lower it goes, the more likely it is to return to peg... but the inverse holds true as well. Market still figuring out how to price it
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Fixed-interest lending products will be game changing for institutional players (ie crypto hedge funds)—they don't want to risk USD interest rate spiking on compound/aave/etc, as it has again and again
monetsupply.eth
@MonetSupply11 Aug 2020
I'm excited about both @yieldprotocol and @UMAprotocol implementing fixed rate lending facilities, but building up liquidity will be an uphill battle @compoundfinance may be able to help 💪 medium.com/@monetsupply/ycas…
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although aave also does have "stable" interest rate loans, they aren't truly fixed and can be increased on high demand
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