Dan

fundamental research

[Dan @AlbernDr]

This could be pure coincidence

but with @NYSE announcing its new 24/7 blockchain settlement layer and @LayerZero_Core teasing the biggest announcement on 2.10.26 what @PrimordialAA calls "the culmination of our pas 2.5 years" at the same time...

time to pay attention to $zro

[NYSE 🏛 @NYSE]

Congratulations, @LayerZero_Labs!

[E𝓧tropic @extropic_vc]

$RAIL to $34?

[Dan @AlbernDr]

@BluntedBeats good job m8

[Dan @AlbernDr]

@marketwizard i would guess that there should be much more volume for a momentum shift?!

[Dan @AlbernDr]

@enzo_gte @uraltasbach

[Dan @AlbernDr]

@vasily_sumanov @yieldbasis yeah im looking forward to v3, but so far its v disappointing to say the least

[Dan @AlbernDr]

@vasily_sumanov @yieldbasis the missing revenue for months

[Dan @AlbernDr]

@0xMerp

[AJC @AvgJoesCrypto]

Updated ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d (@RAILGUN_Project) Thesis:

TL;DR:

The Ethereum privacy play -
1) Kohaku soon
2) Massive distribution boost for Railgun
3) RAIL token cheap

~~~

Added more to my RAIL position last night, as there seems to be motion on the Kohaku front once again.

For those of you who don't know, Kohaku is a wallet SDK built by the @ethereumfndn that enables any EVM wallet to easily integrate privacy solutions such as Railgun, @0xprivacypools, and @TornadoCash. Kohaku will massively improve the privacy UX on Ethereum, making private transactions as simple as any other.

The main hurdle to privacy adoption in crypto has always been UX (see what happened to zcash:native after @zodl_app improved Zcash's UX), so I believe that Kohaku represents a meaningful catalyst for privacy on Ethereum.

Just yesterday, the EF shipped code for an alpha version of Kohaku's Railgun integration (Note: Kohaku is already live on testnet, so mainnet is the next step). Furthermore, @ambire, whose wallet was forked by the EF as the source code for Kohaku, is aiming to have the Ambire wallet integrate Kohaku this summer.

Once Kohaku is live, I firmly believe that Railgun will be one of the main beneficiaries. Railgun is already the top privacy protocol by revenue, and the Kohaku integration should give it a *massive* distribution advantage that will, hopefully, add multiples to its current metrics.

Likewise, RAIL will directly benefit as well. All revenue goes to the Railgun treasury, and 2% of the treasury is distributed to stakers every 2 weeks. This means that 52% of the treasury is distributed to tokenholders every year.

RAIL also trades at an extremely favorable valuation. At its current $130 million FDV, it trades far below both the Ethereum ecosystem project and other privacy comps. Additionally, the token is fully circulating, and nearly 74% of it is staked, meaning that:

1) Float is only ~25% of the circulating supply
2) No hidden unlocks to dump on you

Finally, with privacy being a hot narrative and Ethereum fully committed to CROPS, it's only a matter of time until Railgun gets its time to shine.

[Dan @AlbernDr]

@0xDegenMo look harder

[Dan @AlbernDr]

$RAIL

[RAILGUN Pool Attendant @Laguich_]

Ethereum Foundation just quietly published
kohaku-eth/railgun on npm.

public access. signed build. transparency log.

32 downloads so far.

the privacy layer is live.
most people just don't know yet.

@RAILGUN_Project

[Dan @AlbernDr]

Basquiat

[Dan @AlbernDr]

$RAIL coded

[RAILGUN - Private Ethereum DeFi @RAILGUN_Project]

RAILGUN is critical Ethereum privacy infrastructure and is the backbone of the Kohaku project.

Kohaku will spread access to RAILGUN far and wide across many Ethereum wallets and applications.

[Dan @AlbernDr]

@TaikiMaeda2 taiki speaking abt $rail

[Dan @AlbernDr]

@eldarcap @LayerZero_Core yeah, its dead, they just had 700M daily USD volume, but its dead

[Dan @AlbernDr]

@AustinBarack Pendle, Rail, Drv, Aero, Fluid

[Dan @AlbernDr]

@vasily_sumanov @yieldbasis Hopefully there will be fees with that, very silent on that Front atm

[Dan @AlbernDr]

@Trading_void I love jito, probably the best and Most important Team on sol

[Dan @AlbernDr]

@RailgunIntern @anondotinc @zkxwallet @LibertySwapFi @Railway_xyz @FacelessPrivacy @ambire Any estimations around Kohaku? Any good sources where to follow the process?

[Dan @AlbernDr]

@AvgJoesCrypto @mert