Daffy.web3 || REFORM DAO

Get the dough 🚀

Vibing web3 protocols

[Keone Hon @keoneHD]

I joined the crypto team at Jump in 2021. People on the team were excited about a new blockchain called Solana because, during a time when many alt L1s were advertising high performance but were actually just forks of Ethereum with small parameter tweaks, Solana was actually performant and cheap.

The Solana team had accomplished this by rebuilding everything from scratch. They were opinionated about the design and unafraid to reimagine the entire tech stack. This had clearly been no easy feat and the team had been grinding since 2017 to bring it to life.

Solana made sense to me from day 1 because I had been building HFT systems for the past 10 years and had direct experience with the scale and speed that the real world requires.

That experience helps. I think that anyone can do napkin math and estimate how many ads Google serves per day, or how many orders the NASDAQ processes per day, or how many clock cycles it probably costs to execute a smart contract or whatever. But in practice, it helps a lot to have built stuff at scale and know what it entails.

In my case, my HFT team had built our system to process market data and send orders in less than a microsecond, or 1 millionth of a second. That required optimizing all parts of the information pipeline but it was possible.

So at the time it seemed crazy to me that Ethereum L1 had set gas limits to target 10-20 tps.

Granted, a decentralized blockchain is more complex than an HFT system because of the overhead of maintaining distributed consensus, but still! The computation and storage access in the average smart contract call is super simple.

Very very roughly speaking, it seemed like execution throughput should be orders of magnitude higher than it was. And Solana was doing this, while no one else was. So why were so few people aware of it?

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The Degen Ape Academy mint happened a few months later. The mint initially failed, twice, due to high demand crashing the team's servers.

Solana engineers stepped in to build an NFT minting service to handle high demand. That service helped Degen Ape Academy mint out smoothly and quickly became generalized into the Candy Machine for future use by other projects.

The Candy Machine kicked off a wave of massive NFT mints on Solana, heralding the Solana Summer of 2021. To me, it felt like the world was rationalizing. Performance, throughput, scale, they matter. How could a decentralized world computer support even ten million users without, say, 100 million transactions per day?

But in 2021, Solana was also in need of a ton of improvements. The system was performant relative to others, but it could still be a lot better. There were bugs and outages. Transaction scheduling was extremely simple; tons of work was being thrown away and re-executed. It was tough for developers to build using an isolated standard.

I left Jump in January 2022 to tackle blockchain scaling head-on. Solana went through some dark times, but the team kept soldiering on, making performance and usability improvements while also scaling to a global hacker house and developer support platform.

It doesn't surprise me that Solana is being given its flowers today because the team has made decentralized tech its backbone, and has kept true to its north star - Increase Bandwidth, Reduce Latency.

---

I see commentators frequently saying: "technology doesn't matter, distribution is everything". "How is Monad going to compete with [insert OP stack rollup fork] when they can get to market faster?" "Decentralization doesn't matter, just get to mainnet ASAP."

But for me, technology is at the core of everything.

New technology is what allows us to push the boundaries of what is possible. With new technology, we can preserve decentralization - the attribute that allows permissionless finance and rapid innovation - while also serving millions of people.

And technology gives our community a backbone to soldier through tough times when they do inevitably come. Because while hype waves and sentiment are circular in both directions, technology and capability are fundamental.

There are no shortcuts.

There are incredibly exciting times ahead. I give my congratulations to the Solana team and community for the well-deserved validation.

And for EVM developers, our time is soon! Reach out if you'd like to try out the Monad testnet. DMs are open.

[peaq @peaq]

peaq is live

Welcome to the Machine Economy

[Moe @moneyacademyKE]

Binance launchpools are a great alternertive to Dollar Money Market Funds.

USD MMFs are paying a measly 6-7% per year. This is great if the shilling keeps weakening like it did last year creating a 20% bonus in addition to the 6% MMFs were offering.

Binance launchpools give 1-3% each. If there's 30 of them an year thats over 60% on your money. And you still get to benefit from shilling depreciation.

They do come with the risk of BNB volatility over the 4 to 7 days each staking period lasts but from experience BNB has done well during this periods as its demand increases and supply decreases in the market as users stake it on the launchpool. This year half the gains have been from BNB appreciating during staking periods while my money is busy farming the launchpool token.

Below is details on the last one

[OxDaffy @Thee_basher]

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Future of #Crypto ♥️ #bitcoin

[OxDaffy @Thee_basher]

$NULINK Airdrop Confirmed!

@NuLink_

Nulink : Empowering Developers with a Web3-based ZK Provable Data Privacy Solution for Decentralized Applications.

thread below🧵

[Daffy.web3 || REFORM DAO @0xdaffy]

@ReformDAO Positioned for the incentives

[Metis🌿 @MetisL2]

Lend and Prosper, the third out of 10 Metis ecosystem quests, is officially live on @layer3xyz⭐⭐⭐

Lend your crypto assets on @AaveAave and/or @GranaryFinance and become eligible for a limited-edition commemorative NFT.
https://t.co/626ZGNRT5c

[Daffy.web3 || REFORM DAO @0xdaffy]

@ReformTrade Great numbers indeed

[Reform DAO @ReformDAO]

300k community members (and counting)

But that's not the only incredible metric that we have... Stay tuned for the full reveal this weekend.

[Daffy.web3 || REFORM DAO @0xdaffy]

@ReformDAO impressive growth

[Daffy.web3 || REFORM DAO @0xdaffy]

@PauluzRFRM @ReformDAO wen launch

[Daffy.web3 || REFORM DAO @0xdaffy]

@hackenclub @KryptomonTeam @ReformDAO @SatoshiSync @VIMworldGlobal @USSD_official $RFRM lets go

[Hacken🇺🇦 @hackenclub]

Excited to share that we've completed smart contract audits for @KryptomonTeam, @ReformDAO, @SatoshiSync, @VIMworldGlobal, and @USSD_official

Every audit moves us closer to a more secure #Web3 space 🛡️

Swipe to learn more �Excited to share that we've completed smart contract audits for @KryptomonTeam, @ReformDAO, @SatoshiSync, @VIMworldGlobal, and @USSD_official

Every audit moves us closer to a more secure #Web3 space 🛡️

Swipe to learn more �Excited to share that we've completed smart contract audits for @KryptomonTeam, @ReformDAO, @SatoshiSync, @VIMworldGlobal, and @USSD_official

Every audit moves us closer to a more secure #Web3 space 🛡️

Swipe to learn more �Excited to share that we've completed smart contract audits for @KryptomonTeam, @ReformDAO, @SatoshiSync, @VIMworldGlobal, and @USSD_official

Every audit moves us closer to a more secure #Web3 space 🛡️

Swipe to learn more �Excited to share that we've completed smart contract audits for @KryptomonTeam, @ReformDAO, @SatoshiSync, @VIMworldGlobal, and @USSD_official

Every audit moves us closer to a more secure #Web3 space 🛡️

Swipe to learn more �Excited to share that we've completed smart contract audits for @KryptomonTeam, @ReformDAO, @SatoshiSync, @VIMworldGlobal, and @USSD_official

Every audit moves us closer to a more secure #Web3 space 🛡️

Swipe to learn more 👉

[Daffy.web3 || REFORM DAO @0xdaffy]

@ReformDAO @LuigiRFRM awesome

[Reform DAO @ReformDAO]

The new Reform Academy chapter is up!

With the algorithm master @LuigiRFRM recently showcased on X, let's delve further into the algorithms powering our trading engine!

Head to our Discord to participate.

[Daffy.web3 || REFORM DAO @0xdaffy]

@PauluzRFRM @ReformDAO @ScorpioRFRM glad I was around

[Daffy.web3 || REFORM DAO @0xdaffy]

@LuigiRFRM @X @elonmusk We can also follow each other man and engage .

[Daffy.web3 || REFORM DAO @0xdaffy]

@ScorpioRFRM alright lets go reform team

[Daffy.web3 || REFORM DAO @0xdaffy]

@maroonclock @LuigiRFRM wish they follow me too. Just saying haha

[Luigi @LuigiRFRM]

Gm gm

I think it’s about time I start having an account of my own.

Should I start posting here regularly?