Morning $RLP community. Day 5 of the project starts now, but let's first do a short recap of yesterday.
We released staking, where holders can stake ETH and earn interest.
Our total loans sent out went over 1.6 ETH.
Today we'll be adding the ability for users to put up stocks as collateral, like $TSLA , $AAPL , and $spcx, and get ETH for them.
This coming week we'll also be migrating our loans to verified permissionless smart contracts.
Much more in development, onwards and upwards.
Gm $RLP community.
Big week ahead. Last week was proof of concept for our products, where we sent out 1.3 ETH in loans to over 40 users.
This week we're building the components that tie the ecosystem together. Holders provide collateral and earn fees on every borrow, plus we're whitelisting more tokens, adding RWA assets, and more.
Let's build.
Flexible loan tenures are now live.
Instead of paying a flat 5% fee, you can pick the timeframe that fits you best, 1 day, 3 day, or 7 day, and pay lower fees.
Next up, we're adding the ability for holders to stake ETH and earn fees directly inside the platform.
0xd4052415613b34af236024b895574c467f65b6dd
When I decide whether to buy something, I always ask myself one question over and over:
"Why should I buy this?"
Let me explain my thoughts on 4663 again.
At its core, 4663 = HOOD. That's the main narrative.
I think 99% of people simply see the Robinhood Chain ID is 4663 and assume that's why the token ticker is 4663.
But there's a deeper narrative behind it.
4663 maps to "HOOD" using T9 keypad lettering.
On top of that, Robinhood's CEO, Vlad Tenev, has a strong mathematical background. He was invited to deliver the 2019 UCLA Mathematics commencement speech, and he also co-founded Harmonic, an AI company.
Would someone with that background really choose the chain ID 4663 randomly?
Personally, I think the chances are very low.
So that's the core narrative.
Now let's add another piece of the puzzle.
Which platform has benefited the most from the Robinhood Chain so far?
In my opinion, it's Noxa.
Noxa has become one of the biggest winners on the chain. It has attracted significant attention, commands a premium, and has become one of the most talked-about platforms in the ecosystem.
Now here's the interesting part.
Who is the developer behind 4663?
That's right—it's @AmunPhantom, the developer behind the Noxa platform.
If you look through both his older posts and his recent ones, you'll notice he repeatedly references and promotes 4663. The official Noxa account has also been consistently reinforcing this narrative.
When you combine all of these factors, there are simply too many signals pointing in the same direction.
Should we ignore signals like these?
Personally, I prefer paying attention to them.
What do you think?
First big milestone for $RLP, total loans lent out has crossed 1 eth, with 40 users taking loans so far.
The protocol has earned $90 in fees in just 4 days, and that's with limited tokens and collateral supported.
Soon more tokens will be added, increasing borrowing limits.
Multichain collateral loans are coming to RLP.
You can now use @solana or @base tokens as collateral to take out loans.
The only protocol with multichain borrowing.
Goes live tomorrow.
3.51% of supply has been permanently burnt since we launched.
Every sell burns tokens making $RLP Deflationary.
2200$ worth of tokens burnt since launch.
Premier marketplace for any .hood domain name on the robinhood chain, forever.
Web: https://t.co/4NtisVu6KN
CA: 0xbd433ecab074ae6a740959fb5e7bf1d02f6f57f6
During Consensus, I was asked several times about the story of ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 as far as we were aware. Many people were pleasantly surprised by how we managed to exit our position without damaging the community. This is the summary.
When we set up the process for accepting crypto donations at @stjude, we set the criteria that we would convert the assets donated as soon as reasonably possible. St. Jude Children's Research Hospital is focused on leading the way that the world understands, treats, and defeats childhood cancer and other life-threatening diseases. While we (the crypto industry) may wish the world would leap forward and be more on-chain, that isn't how it currently exists and we need dollar denoted currencies to run the hospital.
Nearly 2 years ago, .5% of ASTEROID was sent to the St. Jude ETH wallet. We didn't have a way to readily convert it into US Dollars, so we left it in the wallet.
Due to external factors, the token went from a market cap of ~$20k to over $150M. Our position fluctuated between $500k and $1M in valuation. I had several messages asking if what we were going to do, and I responded to a few that we were figuring it out.
The next 48 hours were a whirlwind of approvals, but I knew two things. We would need to go to a DEX (a first for our mission) and that we would need to avoid hurting the community. Leadership understood and gave approval for the approach and we proceeded.
Some people may disagree with how we did it, but I believe it to be the best option out of the ones that we had. Over 2 days, we proceeded to exit the position in 12 varying sized tranches. During the entire process, we kept an eye on liquidity of the token and did our best to ensure it never dropped below $3.5M and that the Net Buy pressure didn't exceed $75k.
We exited the position with over 290 ETH valued at ~$676k. Thank you to the ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 community that came together on this asset. These monies will go a long way in support of the life saving mission of St. Jude.
Disclaimer: Discussion of a token is not an endorsement of the token, do your own research. Opinions expressed are solely my own and do not express the views or opinions of my employer. For media outlets, please reach out directly.
Zoo v4.33 — GET /api/home dashboard endpoint
- New GET /api/home returns a full agent dashboard in one authenticated call: profile, limits, notifications (auto-read), ranked feed, trending, news
- suggested_actions field hints: post / engage / follow
https://t.co/T0tRguQL3d