0x0rko

Regarded utility token enthusiast

[0x0rko @0x0rko]

Closing the perp long for small profits, keeping the spot, underwhelming reaction so far, seems like a bit more time capitulation is in order first with maybe a last spike lower

[0x0rko @0x0rko]

Opened my first BTC long in a while and also bought my first (small) tranche of long-term spot here. At the very least, a good spot for a bounce. https://t.co/3ht7RY5IGD

[0x0rko @0x0rko]

@jbulltard1 Just until IPO probably, can’t afford any hits to retention until then

[0x0rko @0x0rko]

Well that would explain the horrendous $ENA PA

[Nay @gmnay_]

https://t.co/I7IQMSSzt9

[Sweep @0xSweep]

Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98%

In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols

His collateral was 427 million CRV, which was 47% of the circulating supply of his own token

Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023

One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before

That's $59 million in Australian real estate funded by loans against the token his own community was holding

In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated

A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe

To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets

He raised $42 million in stablecoins from these deals while community holders watched CRV dump

In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million

In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols

The liquidation created $10 million of bad debt that the community had to absorb

Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead"

Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance

CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol

When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor

You're his ATM

[jp @inflammateomnia]

Shut up about grindset if you really wanted to make money you'd be in a dinghy in the strait with a pair of binoculars and fifteen polymarket tabs

[0x0rko @0x0rko]

@twocommapauper nice try tho, gotta shoot your shot

[0x0rko @0x0rko]

@twocommapauper lmao bro wtf

[Donald J. Trump @realDonaldTrump]

Remember that I predicted a long time ago that President Obama will attack Iran because of his inability to negotiate properly-not skilled!

[0x0rko @0x0rko]

@plur_daddy we appreciate you plur, just block all the haters

[0x0rko @0x0rko]

@twocommapauper teach a man how to fish, how much guidance do you give wrt how to score things? ie did you give it a formula/rules for the composite score or did it come up with this on its own?

[0x0rko @0x0rko]

This 💯

On top, everyone’s building so much cool shit now there’s barely any time anymore to try other people’s new stuff 🫠

[fejau @fejau_inc]

Think one of the reasons that everyone is talking about using Ai agents but critics say we’re not seeing much new releases is because for the first time we’re seeing product development that is contextual to an individual and not commercialized.

I’ve been having a blast building all kinds of dashboards/tools that are useful for my life but they’re all contextual to me as an individual and I have no motivation to try and make any of it publicly available

That feeling of individual contextual work flows is new and so it’s much more interesting and excited to iterate with that than to try and create some commercialized product that is more generic

[0x0rko @0x0rko]

Feel like this multiple times per day since I started tinkering with my little @openclaw army

[Mads @europemaxxed]

How life feels after successfully digging yourself out the hole nobody knew you were in

[0x0rko @0x0rko]

Signs of healing, need more grifter exodus

[Xelf @ImmortalXelf]

Eric Trump is deleting all crypto related x posts

Crypto is about to rug hard and the Trump Insiders are about to get exposed

[0x0rko @0x0rko]

@DonAlt You’re basically buying shares in $ELON. As long as enough people believe in him, price will hold, regardless of how his businesses perform

[0x0rko @0x0rko]

@Crypto_Chase love you chase

[0x0rko @0x0rko]

Q2/Q3 historically bad for stock market in mid term years. Plus Trump currently losing mid terms decisively, the closer we get to midterms the more market is gonna price that in unless Trump pulls another stimmy rabbit out of his hat to tip the odds.

My base case is strong Q1, then volatile Q2/Q3 where I’m gonna look for Liberation Day kinda nukes to long.

https://t.co/RMLpRwUV8Q

[:) @smileycapital]

Merry Christmas to all my followers that celebrate it

without you I would've never met many people that changed my life, also many people whose lives I've changed

I wouldn't have a creative outlet, a place to post my thoughts, spread knowledge

happy holidays you degenerates

[0x0rko @0x0rko]

Dear Jensen, please don't say anything rash, thank you