So for protocols looking to get TVL in this environment
1) Convincing money that is on-chain already is the easiest hence I think DAOs are getting courted hard
See
https://t.co/apTsN119Ih
Just wrote a new Medium post on tackling treasury management in DeFi.
Discussing how to incorporate existing, time-tested treasury management practices into Web3, and the power of fixed income for treasury managers.
Check it out: https://t.co/pfXMDYyfIT
Now that @CelsiusNetwork has exited their on-chain positions who is left to support all these DeFi protocol TVLs?
Feels like it will be a continuous leak of assets
Socket's Liquidity Layer launched in Dec'21 & we never expected to grow this fast!
Recap of '22 so far:
• 20x weekly txns
• 50k txns/day at peak
• 30+ protocol ecosystem
• 400k+ txns; 100k+ wallets; $400M+ vol
Here is how we are building the most reliable interop infra 👇
Basically
They had the ability to purchase starkware tokens by exercising their token warrant
They had to do it before the 5th of July or it would expire
Liquidators didn't do this
Now 3ac is alleging neglect and saying liquidators lost creditors money
Connected with the @uniswap team. The protocol is safe.
The attack looks like from a phishing attack. Both teams responded quickly. All good. Sorry for the alarm.
Learn to protect yourself from phishing. Don't click on links. 🙏
Airbnb is more expensive than hotels
Uber is more expensive than taxis
Ethereum transactions are more expensive than credit card processing fees
The new economy is rekt
Been getting questions about how long I take to finish a piece. Tbh, hard to answer. Especially for personal art, some things are quick, some things I spend months on and it doesnt work out. Here is an example of a piece I worked on for weeks but decided to abandon. 😟