AstroTech Labs

BUIDLing for the next evolution of web3 tech stack 🥷🚀👨‍🔬

[AstroTech Labs @AstroTechLabs]

We’ve been BUIDLing for the next cycle!! 🎯
🎰
🕹️
>> Updates soon!! 📟

[sunshineRider�� @SunshineRider_]

𝐃𝐨𝐞𝐬 𝐢𝐭 𝐥𝐨𝐨𝐤 𝐥𝐢𝐤𝐞 𝐚 𝐜𝐡𝐚𝐢𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐭𝐞𝐜𝐡? 🤔

Reality is nobody cares about the tech (other than very few devs)

Crypto is all about 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 and 𝐭𝐨𝐤𝐞𝐧𝐨𝐦𝐢𝐜𝐬, and Sui community or its tokenomics does not look great with daily trading volume of Sui NFTs being less than Solana NFTs floor price and no coded buy / burn pressure on $SUI while a lot of its supply is yet to be unlocked. 🤷

Hopefully, we’ll turn the ship 🚢 around with @DegenHive, which is going to bring a lot of buy pressure to $SUI and completely re-invent its DeFi ecosystem!

If DegenHive is able to 10x the $SUI price from here within the next few months, then who will be the real OGs of this ecosystem, we or @Mysten_Labs? 🤔🤷 🧛

[sunshineRider🌞 @SunshineRider_]

Sui has 10x better tech vs solana, but now we need 10x better community, so we get our 100x 🧙‍♂️

Let’s do that with @DegenHive! 🦧🐝🧛

[sunshineRider🌞 @SunshineRider_]

I think possibilities with composability + hyperfinancialization (+ network’s revenue split among users 👨‍🌾) are less understood,

With an on-chain social network you’re essentially decentralizing the database store (= Fb / twitter servers),

+ atomic composability across different app types (speculation x social) can drive new user experiences 🎮

[sunshineRider🌞 @SunshineRider_]

I have never shared my view on the $LUNA crash publicly before, so here it is! ⬇️

I was one of the core contributors to both @astroport_fi and @mars_protocol, 2 of the biggest protocols on @terra_money, so you can be sure the crash had a huge impact on me financially, with most of my dev effort going to waste with the crash!

I remember both $UST and $LUNA entered top 10 coins by market cap few days before the crash, and there was a lot of skeptism around LUNA <> UST burn / mint mechanism on twitter, which @stablekwon didn't answer properly imho.

I frankly was bit skeptical about how things were being handled, especially when Anchor's 20% APR had become unsustainable but was being topped up by TFL and nobody really actually understood the LUNA <> UST burn / mint mechanism with no proper research being publicly shared TFL on the same.

I used to manage liquidation bots for @mars_protocol. As the depeg started, i started getting msgs on tg from my liquidation bots on txs failing because of huge node congestion on the chain.

I quickly got to action, not sleeping all night and making sure liquidations go through so can recover whatever money i can as most of my funds were locked in Astroport and Mars Lockdrop (and the $ASTRO wars protocol launches 😅 )

I was able to recover decent capital from liquidations, which later allowed me to leave my job and start @AstroTechLabs, where we've been building @DegenHive on @SuiNetwork for more than a year now. (something i'm very excited about and will be sharing more info soon)

Before entering crypto, this whole space looked like full of spam projects to me (which imo is >50% true), and this crash taught me its better to build sustainable projects which are trying to solve real problems for users vs chasing quick-rich schemes, and NOT to trust projects which are mostly shilled by big VCs in the space but are not fully transparent in their underlying mechanics.

Post crash, i dug up all $LUNA <> $UST market swap txs and spent a lot of time trying to understand how the underlying mechanics worked (tweet attached). I am not sure if LUNA <> UST can ever be fixed (probably never) but i do think algorithmic stable-coins with similar burn <> mint mechanism can be made to work (with some AI model inputs provided via an oracle model), but its not worth pursing given the regulatory backlash which is expected in such a case.

The money i earned from liquidations felt like blood money to me, which i have fully used to fund @DegenHive development, which i hope will give some value back to the people who lost it all during the crash and make them believe in crypto again.

https://t.co/OqmC2WD3SC

[AstroTech Labs @AstroTechLabs]

3/ Simulated Market Module (USD)
💵 Converting the SDR denomination to USD based on $UST's actual dollar price, the following graphic shows the approximate P&amp;L %s for each market swap.

[debjit @debjitbw]

Everything's coming together now 🚀🚀

[Suipiens.sui 🦍💧 @suipiens]

Updates from the team at @AstroTechLabs as they enhance the identity layer within @DegenHive! 🕸️

In the emerging Gen-AI content landscape, empowering creators to control derivatives of their work is paramount. These innovations open new doors in the world of digital creation.

[debjit @debjitbw]

web3 is not the natural successor to web2, they are completely different in their propositions, goods and bads

nice individually, better together. the best apps will be ones who combine the best of both worlds

(i might or might not be working on something related to this 😋)

[AstroTech Labs @AstroTechLabs]

A series of announcements detailing our vision for DegenHive are on the way. 📢

Join the wave 🌊. Follow @DegenHive and be at the forefront of a transformative journey into the future of web3! 🌌✨

#Web3 #AI #Blockchain #Innovation

[AstroTech Labs @AstroTechLabs]

At AstroTech Labs, our mission is to fuse #crypto &amp; AI to build products which can bring mass adoption to web3!

After months of development, we're unveiling our testament to this synergy: @DegenHive- a pioneering blend of DeFi &amp; metaverse, crafted for the future on @SuiNetwork !

[AstroTech Labs @AstroTechLabs]

We will be unbonding our stake today and shutting down our $MARS validator, kindly re-delegate your stake with some other validator on the network!

[AstroTech Labs @AstroTechLabs]

1/4 📢ATTENTION $MARS stakers🚀
We're sadly closing our Mars validator on 14th July⛔ Mark your calendars 📅 We recommend anyone who has delegated their MARS with us to move it to another validator.

[AstroTech Labs @AstroTechLabs]

@superfoodmilk @redphone Astroport / mars etc, left after the crash!

[AstroTech Labs @AstroTechLabs]

@superfoodmilk @redphone Come over to Degenhive! Sunny days ahead! 🌤️🌅

[AstroTech Labs @AstroTechLabs]

4/4 🚀But, good news on the horizon! We've been BUILDing 🛠️ in stealth mode for some time now. Stay tuned for exciting reveals in the coming days. Turn on post notifications 🔔 You don't want to miss this!

[AstroTech Labs @AstroTechLabs]

1/4 📢ATTENTION $MARS stakers🚀
We're sadly closing our Mars validator on 14th July⛔ Mark your calendars 📅 We recommend anyone who has delegated their MARS with us to move it to another validator.

[AstroTech Labs @AstroTechLabs]

3/4 ❌ Due to a lack of vision-driven product development within the cosmos ecosystem, we've taken a tough call to exit the cosmos space altogether.

[AstroTech Labs @AstroTechLabs]

10/ Conclusion

��� Community involvement in governance is crucial but must not hinder progress or breed toxicity. A leaner, faster, and more effective approach is necessary to maintain democracy while streamlining non-contributing proposals helping @cosmos to compete and grow.

[AstroTech Labs @AstroTechLabs]

The #Cosmos governance has been a topic of hot debate lately. Is on-chain governance a democratic blessing or a curse that slows down development?

Let’s explore the pros and cons of #Cosmos governance and how we can improve it to fuel the ecosystem's growth! ⬇️

[AstroTech Labs @AstroTechLabs]

9/ Cont.

💰 While discussions about funding are more relatable to the community, technical upgrades may not be easily understood. Giving everyone the right to vote on every decision could hinder important developments and may lead to toxic interactions.