Fyrkat Tänne

[Stani @StaniKulechov]

The recent DAO vote has wrapped up, and it has raised important questions about the relationship between Aave Labs and $AAVE token holders. This is a productive discussion that’s essential for the long-term health of Aave.

While it's been a bit hectic, debate and disagreement are features of decentralized governance.

I want to state clearly: I am committed to making the economic alignment between Aave Labs and $AAVE token holders more clear. We haven't done a great job explaining this and will do so going forward. Another thing that’s gotten lost in this conversation is that the DAO has earned $140M this year, more than the past three years combined, and $AAVE token holders have control over this treasury.

In the future, we'll be more explicit about how products built by Aave Labs create value for the DAO and $AAVE token holders.

I also want to address my recent $15 million purchase of $AAVE. These tokens were not used to vote on the recent proposal and that was never my intention. This is my life's work, and I am putting my own capital behind my conviction.

Lastly, the Aave ecosystem is large enough for many service providers to succeed, and we will continue to support and collaborate with teams building on the protocol. I am confident that by working together, we will build a stronger and more aligned future.

$AAVE will win.

[Hedgehog 🦔 @TheHedgehog_io]

Hey Vitalik this is the core concept of Hedgehog. Instead of predicting "who is the next president" or "who wins the next nba match"

Hedgehog allows you to predict "what's going to be gas fee in the next hour"?,

How will congestion, MEV pressure, or blockspace demand change in real time?

You turn an onchain metrics into a financial instrument.

[Fyrkat Tänne @FyrkatTanne]

@VitalikButerin @TheHedgehog_io

[Hedgehog 🦔 @TheHedgehog_io]

Full house at the Panel “Building DeFi on @SonicLabs” 💥 at Sonic Summit!

Our Co-founder & CEO @HeadhogHog shared why we see blockspace as a commodity ⛽🪙
Catch a glimpse of what he had to say 👇

[Lumi @zkLumi]

- EVM equivalence
- 10,000 TPS @ $0.0001 (per chain)
- Native fast interop secured cryptographically
- Multi-VM support (ie SolanaVM)
- Minimal App chains built only with Rust/Solidity (no EVM or other VM required)
- Blended VM calls (ie minimal Rust App chain calls Solidity App chain, which calls MoveVM chain contract, which calls EVM contract)
- Opinionated SDK for UX
- Enterprise privacy

Are you starting to see what we were cooking all 2024 anon? 😉🍝

[Hedgehog 🦔 @TheHedgehog_io]

STOP SCROLLING RIGHT NOW

OUR TESTNET IS LIVE! 🚨
(And you should care)

Follow this thread for all the details. 🧵

[Hedgehog 🦔 @TheHedgehog_io]

Gas Hedging is definitely a hot topic on the Modular Summit @ethcc

Today's discussion between @drakefjustin and @_prestwich brought some amazing insights on what we're trying to solve.

To start off, blockspace is constrained.

When the supply is sold out, fees spiral up. We've seen this multiple times and will continue to see it in the future.

Unfortunately, this often causes many applications to fail, as only those willing to pay the highest price will win and continue operating.

All blockspace goes to the apps and users who are willing to take the higher bidding price — a situation where few participants get all the value.

As Prestwich stated, we hope that in the future, there’ll be apps/business that bid a stable amount for blockspace

For that, you should be able to sell blockspace futures, just like oil or gas. These assets can be hedged in a large size and stabilize costs for any business that needs them.

While there's people willing to buy it, who is producing and selling them?

Block proposers!

Well, although our Modular Synthetic Blockspace is not producing them, it has enabled us to create a price representation of what producers are charging — it is a derivative of their specific currency (BaseFee).

Imagine blockspace as a limited number of seats on a high-speed train and you may need to travel on it at least twice a day. BaseFee is the ticket to this train.

You know you'll need them in the future, so buy them in advance at a lower price to secure your spot (or sell your ticket for a profit when everyone needs it).

That's precisely what we're building!

Hedgehog is an infrastructure for Modular Synthetic Blockspace that allows the creation of any onchain native derivative.

Initially, we are focusing on AA wallets, L2 rollups, and similar 4337 paymaster use cases to hedge BaseFee.

TESTNET SOON 👀

Our public Testnet is launching in 5 days! Get ready for it, add July 17th in your calendars.

[Lumi @zkLumi]

Introducing ZKsync 3.0: The Elastic Chain 🔥🔥🚀

❌ Good bye Blockchain Trilemma 👋

✅ Elastic blockchains are the next generation of blockchain that can actually scale to masses without needing to compromise on Scalability, Fees, Security, or Decentralization 🫡

The team has been working incredibly hard to make this a reality, and I couldn’t be more excited or proud to be part of this huge step in blockchain evolution.

ZK [Stack] is the Endgame ↔️

[Lumi @zkLumi]

=== 🧵 ZK Chains Launching On The Elastic Chain - Powered by @ZKsync #ZKStack 🚀 ===

Want to learn more about ZK chains launching on #ZKsync Elastic Chain? Over 20 are expected to by live by end of year.

Here are threads on some of our current public partners 🧵👇

[Hedgehog 🦔 @TheHedgehog_io]

Hawk Thua! Spit on that thang and hedge it 🦔

[Hedgehog 🦔 @TheHedgehog_io]

Yes mother; I chose hedge.

[Bonna | U酪乳 @bonnazhu]

How I wish I could go long on #ETH #GAS right now!

We need @TheHedgehog_io ASAP!

[Crypto Tea @Cryptotea]

the FBI calls crypto money so they can arrest you for money laundering

the IRS calls it property so they can tax you on capital gains

the SEC calls it a security so they can sue every exchange

the CFTC calls it a commodity so you can’t use it as a currency

[Hedgehog 🦔 @TheHedgehog_io]

@jessepollak @base Hey @jessepollak 👋

That is precisely our first product - a gas fees derivatives market! But we're not on Base (yet).

This is possible because Hedgehog is a modular synthetic infrastructure that can be used to create any onchain market.

We'd love to hop on a call and chat!

[Fyrkat Tänne @FyrkatTanne]

@ianmiles @MarioNawfal But isnt ISIS just a branch of CIA and Mossad?

[Hedgehog 🦔 @TheHedgehog_io]

Choose Hedge 🦔

[Influencive @Influencive]

A Solution for Ridiculous Gas Prices?

@TheHedgehog_io Protocol to create Modular Synthetic Blockspace to address fee volatility.

Read more: https://t.co/E3Chn5G28f

[Hedgehog 🦔 @TheHedgehog_io]

🚀🦔 We're thrilled to announce that Hedgehog Protocol has successfully closed its pre-seed funding round!

Our commitment to simplifying and optimizing blockspace and gas markets has earned the support of key figures and institutions. This gives us a boost to further develop on-chain native derivatives and Modular Synthetic Blockspace.

🌟 Backing from the best in the Industry. Our journey is backed by notable Angel investors:

• Vasiliy Shapovalov of Lido @_vshapovalov
• Mike Lobanov of Target Global
• Banteg of Yearn Finance @banteg
• Brian D. Evans of BDE Ventures @BrianDEvans
• Ivangbi of lobsterdao @ivangbi_
• Danish Chaudhry of Paper Ventures @djchaudhry_
• Gareth of Owl Ventures @500altcoins
• Joel of Staked .vc @stakedvc
• Igor Barinov of Blockscout @barinov
• Amplice of Gearbox @amplice_eth

Their collective wisdom and expertise fortify our vision and technology.

🏢 Backing also comes from respected institutions and venture capital firms:

• Marshland Capital @MarshlandGroup
• Tenzor Capital @tenzorcapital
• Prometeus Ventures
• 3Commas Capital @3commascapital
• Nothing Research @ResearchNothing
• ZBS Capital @ZBScapital

The backing from these firms lays a solid foundation for our strategic and financial roadmap.

🔍 Our Vision:

Our vision focuses on improving blockchain efficiency by addressing the high demand and costs associated with blockspace and gas. This challenge impacts not only individual users but also applications, infrastructure projects, and protocols that rely on blockchain transactions, such as account abstraction wallets and rollups. Hedgehog Protocol aims to offer solutions specifically for these players to reduce gas costs and enhance operational efficiency.

🛠 Modular Synthetic Blockspace:

We're creating Hedgehog Protocol as a versatile infrastructure layer to answer all on-chain derivatives, whether on Ethereum, Bitcoin, or other blockchains. By transforming blockspace demand into an opportunity, we introduce a new market for synthetic blockspace, starting with Ethereum. This approach not only addresses current challenges but also opens up possibilities for various financial products adaptable to market shifts.

🌐 Read the full article and learn more about the differentiators of Hedgehog:

Medium: https://t.co/uvT1gZR27T

The Block: https://t.co/lmLGR3xRSi

[Fyrkat Tänne @FyrkatTanne]

@TheFigen_ Maelon Muskerberg

[Altcoin Daily @AltcoinDaily]

Killer Whales producers session!

Very exciting!!!

Check us out!👇