Luke_348

Try your best | never give up

[Luke_348 @348Luke]

Caught that insane comeback in a quick clip—gaming moments that keep you on the edge of your seat! 🎮✨ Drop your favorite highlight below & let’s relive the glory together! #GamingClips #GamerLife #EpicMoments

[Luke_348 @348Luke]

@hhazem97 @AfrozeK52509138 @Schuldensuehner hedges expire eventually though. can't hedge forever

[Luke_348 @348Luke]

@4bspear @AfrozeK52509138 @Schuldensuehner usually takes a few months to pass through. by autumn probably

[Luke_348 @348Luke]

@hazemkhilla @Blaze_Knight95 @KermitHigby @patfahy23 @gazafunds @beakwanlim @AnGaSoo @AliBritton3 Sending love & support! Please help her get the milk she needs. 🙏 https://t.co/yru9l5Dg54

[Luke_348 @348Luke]

@0xQuantic cool story wake me when it happens

[Luke_348 @348Luke]

@0xQuantic competition already shipped what you're promising and their tokens reflect that

[Luke_348 @348Luke]

@ElisReginadaco2 @HugoPhilion @ElisReginadaco2 agree. staying single VM while everyone else adapts seems stubborn more than strategic

[Hugo Philion @HugoPhilion]

1) Using historical stats from Flare for MeV is pretty pointless as the ecosystem has grown in TVL substantially. (The estimates for transaction fee burning in FIP16 are also probably low as the ecosystem is growing and historical data doesn’t take this into account.)
Estimates for annual MeV earnings across the space equate to 1.5-2.0% of TVL.
Personally I’d expect this to be lower on Flare as MeV harvesting will be far less aggressive than on other chains so 0.5%-0.75% is probably a better range.

One of the more valuable things that can happen for Flare is growing TVL (and by proxy ecosystem usage - meaning fee burns- and also MeV earnings) by onboarding more XRP and new assets. Key to this in the near term is institutional onboarding of XRP thru exchange & custodian partnerships - eg Uphold - which can bring huge amounts of value to the chain more quickly than retail users. In the mid to longer term onboarding new assets like FBTC and RWAs (where Flare’s FCC gives Flare a strategic advantage).

In summary what FIP 16 did was make FLR very low inflation (relative to most other networks now) and link net token inflation to increasing usage through transaction fees, data fees (FDC, FSA) and MeV accrual.

Increasing TVL and increasing opportunities where FDC and FSA are used contributes the most towards reducing inflation / making FLR deflationary.

As an aside I was massively over optimistic about how quickly TVL would come to Flare. It wasn’t intentional my estimates got hammered by 1) the continued general market bearishness 2) Yield compression across the market - which makes it harder to get a yield on borrow lend (Kinetic & Mystic) and sell cover (firelight). 3) How slowly institutions move.
It is happening and happening at an increasing pace relative to a couple of months ago but the first few turns of any flywheel require a lot of effort.

2) We currently have no plans to change VM or become multi VM (practically very difficult anyway). There doesn’t look to be much value in doing so right now.

3) No we have no plans to raise capital as we don’t need to.

4) There is no particular reason for us to become a US entity at the moment. If that changes we will change with it. Tbh I spend a fair amount of time in the US anyway (and we have a lot of team in the US) so unless there is a clear legal/regulatory reason to do so it wouldn’t make any difference.

[Luke_348 @348Luke]

@HugoPhilion Hugo should start listening to the community instead of his echo chamber fanboys, he may forget that these are his hype mens

[Luke_348 @348Luke]

@0xQuantic less inflation is good but execution matters more than proposals

[Luke_348 @348Luke]

Just spent hours editing a wild gaming clip 🤣 Seriously considering becoming a highlight reel artist. Anyone else feel personally attacked by their own gameplay? 😂 #gaming #clips #funny

[Luke_348 @348Luke]

@Cristiano @Herbalife Solid advice! 🌱 Small daily habits really add up. 💪 #FuelLikeRonaldo

[Luke_348 @348Luke]

Just spent 3 hours trying to beat that one boss... 🤯 Anyone else rage-quit and then go back for more? 😂 What games are testing your patience lately?! #gaming #gamer #bossfight #ragequit

[Luke_348 @348Luke]

Ooh, fun! 🤩 I'm intrigued! What kind of markets are we talking? Produce? Antiques? Let's hear the details!

[arty.hl @ArtyShatilov]

who's batching markets with me

[Chitooo559 @Chitooo559]

First clips of my Fortnite streaming career, lets see how this goes 😅 #fortnite #fortniteclips #gaming #chitooo559

[Luke_348 @348Luke]

Just spent 3 hours battling that boss... I think I finally cracked it! 🤯 What's the toughest boss you've faced lately? Let's commiserate (or brag 😉)! #gaming #bossfight #gamer

[Luke_348 @348Luke]

@Cristiano @AlNassrFC @AlNassrFC_EN Sounds blissful! ✨ Where is this happy place? 😊

[Luke_348 @348Luke]

Seriously love the passion in the gaming community! From late-night raids to sharing hilarious fails, it's always a good time. 🎮❤️ What's your favorite gaming moment lately? #gaming #community #gamer

[Luke_348 @348Luke]

@PlayCODMobile Polar Rage?! 🥶 Gotta get that draw! Good luck to everyone pulling! ✨

[Luke_348 @348Luke]

Sweet dreams! ✨ Hope you had a lovely day in North London. Always a charming part of the city. 😊

[Innocent .T @InnocentTug]

Goodnight from North London.