Most people don’t realize how much LPs are quietly earning on-chain
I was just looking at the USDC/ASTEROID pool on KyberSwap… (KyberEarn 2.0 )
~$64K+ in fees generated in 7days 🤯
2 days ago … ETH/ASTEROID generated $30k in 24hr 🔥
But what caught my attention isn’t just the fees but it’s the clarity 👀
You can literally see your potential share before you even add liquidity.
So sweet!!!
Example:
You add 1 ETH → you own 👉 0.27% of active liquidity.
That means you are no longer guessing or saying “hope this pays well” 🤣
You can estimate your position upfront
That’s a big shift from how most DEXs work.
I haven’t even seen many platforms make LPing this transparent.
So here’s what I’m doing👇
I’m going to test this feature myself,
track the returns, and break everything down.
If you’ve been sleeping on LPing, this is your sign to start
Never been better 🥹
Stay tuned. I’ll share more results soon 👀
GG @KyberNetwork ❤️
Since 2018 a DeSci competitor to 23andme exist already.
- Backend & frontend has been built
- sequencing pipeline with multiple providers established (worldwide)
- partnership with AMD for secure DNA vaults
- access to DNA only possible for the user (no backdoor keys)
- users can run queries on their DNA to get reports regarding their health, ancestry and other things
- users can participate in paid opt-in studies for researchers
the big difference to all other projects:
- third-parties don't access your fully sequenced genome, all they can run is queries on the presence of specific markers
This is the most privacy preserving way on how to handle DNA data while still being able to let researchers participate.
@GenomesDAO
Happy to connect you with the founders (they are UK based and well known in the DeSci community).
Wow! The best #DeSci project gets even better.
- Earn free sequencing kits
- Stake your $GENOME
- Putting privacy first
- An outstanding team
- Many more things on the roadmap
- Subnet with $TAO being planned
$GENOME is a game changer.
The number of queries approved by users of https://t.co/4G3ODbHgx3 is going exponential
Upload your 23andme file, ancestry, nebula, myheritage etc file now and get given $GENOME
Your periodic reminder that your cryptospeak isn't convincing anyone.
We all like to throw around words like decentralized, permissionless, immutable, smart contracts, etc. Maybe we all do this to show that we are in the know or part of the group.
But to normies, these words are foreign, confusing, and make it harder to understand why crypto is valuable.
Behind each of these words, there are real values and value propositions that speak to things that everyone cares about.
Instead of being "permissionless", talk about enabling open access, regardless of who you are, what country you live in, or whatever a small group of people in some country deemed safe for you.
Talk about being able to freely build on others work. To be able to combine multiple services with a little bit of code if you're so inclined.
Talk about all the times which you said, I wish my bank and this other company could just figure it out and work together, and how open systems enable that kind of innovation.
Talk about how billions of people around the world don't have access to basic, reliable financial services that DeFi can provide.
Instead of being "decentralized", talk about resilience and reliability.
Talk about how no single party can cancel you or take away your assets.
Talk about how even if other people decide to stop running the service, in the worst case you can still pick it up and run it yourself.
Talk about all the annoying times that Google or Apple or Facebook shut off your favorite feature, and how terrible it is that you can be financially deplatformed.
Instead of being "immutable", talk about predictability and reliability.
Talk about how the tech behind these services makes it so that literally nobody can take them down or change them.
Instead of saying "smart contracts", talk about automation and taking humans out of the loop.
Point out how email and messaging made the mailman irrelevant.
Talk about how a new kind of code is doing the same thing to a lot of what bankers, and some lawyers, and some courts do.
Talk about how the code spells out exactly what can and can't happen, for everyone to see, and how there's no more humans involved. Humans that can arbitrarily try to lie to you and steal your money. Humans that subjectively interpret ambiguous laws to create outcomes that you didn't expect.
For better or worse, the main stream narrative around crypto is one of fear, uncertainty, and doubt. Throwing a bunch of abstract jargon on top will not help cut through the noise.
But tell someone who trusts you how a DeFi lending protocol can be more reliable and predictable than a bank? That is much more likely to trigger interest, questions, and real understanding.
We are at peak ignorance of crypto.
Inspired by a question I was asked recently, I drew this picture.
It's my mental model comparing how crypto progresses through time to how people outside of crypto perceive that progress:
The green line is our cumulative progress as we build.
The red line is how the rest of the world perceives what crypto is capable of.
When the red line is far above the green, we are in peak bull market. Expectations far outpace what is actually possible.
When the red line is far below the green, we are in peak bear sentiment.
This is when everyone says crypto is dead. Ironically, the green line accelerates in these moments because builders are still building, and they are freed of the distractions of the bull market.
Best I can tell, we are in a peak bear moment.
Most of the world thinks Ethereum is still melting the planet.
Most people have never heard of an L2.
They don't know that teams are rebuilding on Solana despite the mess that FTX made.
They have no idea we've made huge leaps in ZK tech.
They're unaware that DeFi, NFTs, RWAs, and stablecoins are all building the next set of fundamental primitives that are expanding the design space.
They don't realize that we're making progress on the regulatory front in the US and around the world.
They can't see that tech that was just a bunch of vaporware a few years ago is now shipping in production.
All they see are news stories about SBF, Kim K, and Matt Damon.
The gap between perception and reality could not be larger.
But there's also a warning here.
We need to try to close the gap between perception and reality, instead of amplifying it.
The greater the overshoot in the bull, the greater the undershoot in the bear.
Even if we get to the peak that is 5x-10x of the last, we will cause irreparable damage if we end up with 5x-10x of the blow ups on the other side.
Better tokenomics, clearer regulation, self-policing of the community, and UXes that focus on keeping people safe -- all pieces of the puzzle that get us to a healthier place. More on that later.
In the mean time, if you need a tldr:
Huge amount of $ETH, from ~3M to even ~6M ETH, will be withdrawn after the Shanghai upgrade.
How much will be SOLD?
I broke down stakers into segments to understand their ability / willingness to sell and analysed different scenarios.
Read this thread to see what's coming:
Centralized exchanges are not #DeFi. They are traditional financial intermediaries and must be regulated & supervised accordingly. Stop blaming transparent infrastructure and neutral protocols for the failures of a centralized service provider. True DeFi can mitigate this issue.
They arrested the developer of tornado cash. 🚨
I repeat: a man was arrested for writing code that served as a public good for people to maintain their privacy online.
They put a man in jail because bad people used his open source code.
This cannot stand in any free society.