Here we go again… Mode price action is bad, why?
In short, a combo of Market bad, ai narrative cooled off, an ecosystem app got hacked
Here’s my response as the Founder and why you should be bullish on MODE!
Firstly, Mode has been making excellent progress on building out our vision for the future of DeFi and AI
Here’s what this progress looks like
- Mode AI terminal
V0 went was shipped very quickly, it prob went out too quickly and is being completely rebuilt for V1 launching in 1-2 weeks.
The new terminal will focus more on trading agents integrating novel data and strategies.
- Synth subnet
In general progress is insane. 200+ generative AI models are competing in real time to submit Monte Carlo simulations of price path forecasts. This synthetic data is a 0 to 1 moment for probabilistic reasoning in LLMs. With synth ‘ChatGPT can now forecast the btc price.’
We plugged synth data into a custom LLM and I will put out videos this week on the power of synth for perps traders, options traders and liquidity providers.
We are also updating docs, website and roadmap (stocks coming soon to synth will 10x market size!)
- Ecosystem apps and agents
Multiple apps, agents and platforms have launched in the last few weeks with DAAO and Arcaid being highlights, go and check them out!
In addition there will be many more trading focussed apps and agents launching across dex like Velodrome and Kim, and perps Dex like BMX that will help users navigate the current uncertain market conditions think delta neutral trading strategies…
- Mode team, community and builders are resilient
The team and community of Mode has been through multiple ups and downs, yet continued to build and show resilience.
Projects only fail when teams give up and we are only getting started.
Appreciate you all
Lfg
Sabían que el mantenimiento del avión que usa el Fiscal Francisco Barbosa desde el 27 de enero de 2022 hasta el 31 de mayo de 2023 le fue asignado un costo de 5344 millones de pesos. Para el 1° semestre de 2023 le fue asignado un costo de 1797 millones de pesos. Hilo👇
@Avianca Buenas tardes tenemos vuelo de Bogota a Buenos Aires el 17 de marzo y el mismo 17 tenemos un vuelo programado de Buenos Aires a Bariloche, es posible que haya alguna prioridad por esta situación al presentar las dos reservas (?)
Casas de 50 millones en Providencia, que Duque cobró en 600 millones, nos demuestra que ese gordo y sus amigos uribistas fueron más dañinos que el huracán.
Deberían estar en una cárcel por miserables.
Quienes hemos vivido con el sueño de vivir con dignidad en nuestra inmensa patria, tenemos hoy un nudo en la garganta. Nuestra emoción no tiene medida! Por la vida, por la paz, por la justicia, por la democracia, por la libertad, por la dignidad!
Nuestro nuevo ministro de defensa: una vida dedicada a luchar contra la corrupción.
Que un justo dirija las armas de la nación.
https://t.co/o9dVj732Um