my pronouns are on/chain | @villagersdao oh lord in heaven, what battle have you brought upon me?
Joined March 2023
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guappy retweeted
Axiom's $55.7M "Validator Bribe" Rip-Off on @solana.
@AxiomExchange is deliberately extracting millions from its traders through misleading transaction fees.
I stumbled upon this piece of data while exploring our database, here's our analysis 👇
guappy retweeted
On the left its @zksnarks_ Artworks ︀︀
On the right its @nodemonkes Artworks ︀︀ ︀︀
Thats it , thats the tweet. ︀︀ ︀
Nothing else left to say📷.
guappy retweeted
Have spoken about $NOTE on my TG for a while now, but thought I'd share it here too because I genuinely find the product interesting.
NOTE takes idle tokenised stocks and turns them into structured autocallable notes. Stockholders buy crash protection (SHIELD). USDG depositors take the other side and earn coupons (COUPON).
They're essentially bringing the $500b / year autocallable market onchain.
Here's a simple example of how it works:
Imagine NVDA is trading at $100 and the mutually agreed protection price is $70.
You buy the COUPON side:
• You deposit $100 USDG
• As long as NVDA stays above $70 at the scheduled check dates, you receive coupons.
• If NVDA reaches $100+ on one of those dates, the note can autocall, meaning it ends early and you get your $100 back + coupons.
• If NVDA finishes below $70 at maturity, you don't get $100 back. You receive NVDA worth less than $100 instead.
Basically:
"I'll take the risk of NVDA crashing in exchange for a juicy yield."
The SHIELD side takes the opposite bet:
"I'll pay you those coupons because I want protection if NVDA crashes."
It's a novel product with existing demand in other venues, and a first mover with clear PMF.
On top of that, the devs and team seem experienced and include members and engineers that ran ORDS to 300m FDV, and has partnered with LayerZero, Thorchain, and many other big DAOs and VCs.
They also experienced LP issues earlier, and took $200k out of their own pockets to resolve the problems. This type of determination from projects is very rare nowadays.
As for recent updates, they've successfully completed a clean migration, and have secured a market maker.
Mainnet goes live after audit, and I can't wait to test this product out.
Bullish on the growth of $NOTE
guappy retweeted
QUANTUM FLYWHEEL UPDATE
Another 2,500 QUBT from creator revenue was added to the system.
We also bought back $1,300 of $QC and burned it.
That makes us the second-largest QUBT holder on Robinhood Chain, excluding LPs, while our pool is now the largest QUBT LP on the chain operated by a single entity.
Same loop, more size.
Continue experiment.
guappy retweeted
A deep ETH LP is useful if the objective is price stability. It gives order flow another route, compresses volatility, and makes arbitrage cleaner.
But that same liquidity can become a bypass around the mechanism we actually care about.
If the stock-linked side eventually grows into the millions, the important question is not how stable the pair is. It is where marginal demand gets routed once the onchain stock price starts separating from the underlying.
With a large ETH pool, more of that imbalance can clear through ETH instead of forcing the system to source additional stock-linked inventory. The deeper that escape route gets, the weaker the transmission from onchain demand into new stock-token supply.
So the tradeoff is structural: deep ETH liquidity protects the chart early, but can reduce how much pressure ever reaches the stock side later.
For a normal token, that is probably a feature.
For this experiment, it weakens the mechanism.
The experiment continues.
guappy retweeted
QUANTUM FLYWHEEL
We took the creator revenue from @o1_exchange and gave it a job.
It now gets paired with ETH at market price in a 0.9% LP. We keep our accumulated $QUBT exposure intact, while adding better liquidity around the underlying and earning from whatever volatility comes next.
Every LP reward goes back into the chart. Every QC produced by the loop gets burned.
Revenue creates liquidity. Liquidity earns fees. Fees feed the chart. QC disappears.
You asked. We shipped.
200MA lines are now live on Strategy. 20MA and 50MA are in the works - stay tuned.
We’re now tracking Bitcoin’s 200-week moving average and its premium to that level on Strategy.com. Since the 200W MA became available, Bitcoin has traded above it 92% of the time. Today, it sits almost exactly on the line.
so looks like we will have some sort of OTC layer for ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845 very soon
tldr: @Rhynotic deployed a new contract, called Locked FWA Token Packs. You hold the NFT, you own the FWA inside it, and it becomes redeemable at a fixed block (day when emissions stop)
What it should do in theory:
Lock FWA -> mint an NFT that carries claim on it
The NFT is transferable -> you can buy locked FWA before unlock, at whatever premium the market wants
It's already whitelisted in the FWA core, so you can deposit it into the gacha pool and farm with it
I'm not 100% sure they'll be tradable on OS, but I don't see anything blocking that. This means that some people who wanted to "size in" in FWA will have the chance to do so through these packs.
What's more, all these tokens will be locked and cannot be sold until the end of TGE (Emissions).