Kenny

Blockchain, developer, antenna design, electronic hardware design, RF microwave. Electrical engenieering.

[Kenny @Kenny_ACM]

I’ve played 1 games and found 1 words playing Word of the Day on Binance! https://t.co/ML8hTuPuSZ

[Kenny @Kenny_ACM]

@betfury_gaming E #BetFury Snifx5

[Rick Bartelink @Rick_Sebastiaan]

Some @Stacks eco leaders recently spoke about STX goals and focus areas. These should excite you:

- Tier 1 Stablecoin integration: Enable seamless fiat-to-BTC conversions.
- Bridging: Launch Axelar, complete additional bridges, and provide robust SDKs for integration.
- Liquidity Growth: Raise sBTC cap, enable exchange-based sBTC purchases, facilitate direct BTC withdrawals to Stacks, and drive both on-chain and off-chain liquidity.
- Application Growth: Stacks Foundation to continue investing in developer education and supporting community initiatives like BFF to drive widespread adoption through new and mature Bitcoin-centric apps.
- DeFi Custody Integrations: Expand SIP-10 support across custody and infrastructure providers, unlocking stacking, sBTC minting, and broader DeFi connectivity.
- Capital Formation: Establish funds to accelerate developer growth, integrations, and total value locked (TVL).
- Speed & Reliability: Continue driving towards reliable, sub-5-second blocks.
- Institutional Engagement: Build deeper institutional relationships, particularly targeting funds, investors, and whales in Asia and the UAE.
- Developer Ecosystem: Stacks Foundation to expand programming that made Stacks one of Electric Capital’s fastest-growing developer ecosystems—enhancing hackathons, partnerships, education, and incentives.

[andre.btc @andrerserrano]

Update on @Stacks Nakamoto performance:

We're releasing an update to improve bandwidth, reduce latency, and enable more predictable tx processing

Targeting live on mainnet mid-December

Read more 👇

https://t.co/CpeZQFcdLv

[stacks.btc @Stacks]

Introducing Buidl Battle: the largest Bitcoin builders tournament with well known Venture Capital firms, VCs, and accelerators attending 🟧

The Stacks ecosystem is making waves in the Bitcoin builders community.

Entry to the Bitcoin builders tournament is limited, so be quick.

[Grayscale @Grayscale]

Discover the @Stacks protocol with Grayscale Stacks Trust. The $STX Network leverages cryptographic protocols that facilitate smart contract functionality on a decentralized public ledger.

See important disclosures or reach out to us: https://t.co/ejW7MwAZMM

[Kenny @Kenny_ACM]

@davek_btc SP2SPGJRGE2DMJ6NTY6GXDJGPMAW9G7MHAGW8G47Z

[Grayscale @Grayscale]

The @Stacks $STX Nakamoto Upgrade is live 🟧

We sat with @muneeb to discuss $STX, including the upgrade.

Watch the full $STX Deeper Dive 👇
https://t.co/WpuFSknt0a

[Grayscale @Grayscale]

Grayscale Research announced its Top 20 list of high potential tokens for Q3, based on upcoming catalysts, trending market themes, and token specific fundamentals. (5/6)

[stacks.btc @Stacks]

Bitcoin L2 Stacks ($STX) part of "Grayscale Research Top 20" 🟧

- By the @Grayscale Research Team (in order of Market Cap)

[HeroGamer⚡#JPG-110 @herogamer21btc]

🎉 Thank You, @Stacks DeGrants Applicants! 🎉
Application is now closed.

🥳"We've received over 90+ applications for the $50,000 grant pool."

We appreciate your enthusiasm and look forward to reviewing your incredible submissions!📖

Most importantly, thank you all stewards!❤️

[Grayscale @Grayscale]

Discover the Stacks protocol with Grayscale Stacks Trust. Shares aim to track the $STX market price. The Stacks Network leverages cryptographic protocols that facilitate smart contract functionality on a decentralized public ledger.

[Stacks Developers @StacksDevs]

Nakamoto Progress Update: Code Complete On-Track & Primary Testnet is Back! 🧡

The path to Nakamoto Activation is becoming clearer as @Stacks Core Developers approach the Code Complete milestone.

Here’s what’s new! 👇 1/6

[Abraham Rivv @abrahamrivv]

Este mes LATAM puede marcar un precedente

Ya está activa la ronda 7 de grants en @meta_pool

Hay +140k dólares para repartir y quiero que LATAM se lleve una buena parte de ese pastel, pero no podemos lograrlo solos como individuos

Ahora sí, vamos a comportarnos como realmente son las DAO, con ORGANIZACIÓN

Organizándonos podemos hacer realidad todas o al menos la gran mayoría de estas propuestas

Tenemos que apoyarnos entre participantes y entre comunidades

Primero tienes que entender QUÉ estas apoyando:

🔹Educación gratuita para regiones donde necesitan crypto
🔹Educación para estudiantes universitarios
🔹Inclusión de más mujeres en Web3
🔹Eventos IRL al rededor de toda LATAM (México, Colombia, Argentina, etc.)
🔹Workshops IRL y online para aprovechar al máximo DeFi
🔹Contenidos y reportes para que los medios en LATAM sigan creciendo

Y estas son solo las propuestas de este documento, hay más latinos que aún no he podido contactar que están dando becas a estudiantes o que están haciendo cosas interesantes en DeSci

¿Cómo puedes ayudar a hacer realidad estas propuestas?

Si eres participante de la ronda:

1⃣Únete a los canales oficiales de Meta Pool en Discord y Telegram, ahí es donde estaremos empujando el combo de propuestas latinas

2⃣También empuja tu propuesta individualmente y si a tus votantes les sobran votos, dile que los delegue a las propuestas que lo necesitan

Si eres usuario o miembro de cualquier comunidad:

1⃣Vota por tus propuestas favoritas y si no tienes poder de voto, CONSIGUEEEE, el curso que está en @digitalizadosco te explica donde conseguir poder de voto

2⃣Comparte este post y este documento con todo el mundo

El foco debe ser financiar primero las propuestas que están por debajo de los 3k (serán las más sencillas de aprobar) y cuando estén cubiertas ahora si apoyar a los que necesitan mayor financiación (arriba de los 3k)

No prometo que todas las propuestas se financiarán, pero al menos hay que intentar

Intentemos hacer realidad esto, para seguir construyendo puentes y abriendo oportunidades a las personas que lo necesiten🤝

Les dejo el documento abajito

[Grayscale @Grayscale]

TOMORROW: Join us for @Grayscale's Deeper Dive: Spotlight on @Stacks!
Tune in LIVE at 11:00 AM ET to hear Stacks Co-founder @muneeb discuss how Stacks differentiates itself from other cryptocurrencies.
https://t.co/WpuFSknt0a

[HeroGamer⚡#JPG-110 @herogamer21btc]

DeGrants 2 is launching soon

Stay tuned for launch event. $50K to allocate.

It's a grassroots community collaboration to make DeGrants happen.

If you want to contribute to anything, or interested in applying ✅Join @consoledao our #DeGrants2 community: https://t.co/zRtw00r0U0

[ALEX 🟧 No. 1 Bitcoin DeFi @ALEXLabBTC]

Summary of Community Feedback and Suggestions
Please Note: The second part of the summary, focusing on returning assets that are unaffected or recovered, as well as the third part of the summary, focusing on ALEX reopening roadmap, will be published in 12 hours.

The Proposed Treasury Grant Program by the Foundation
For everyone’s reference, please see the summary of the Treasury Grant Program proposed by the Foundation to facilitate the community feedback and suggestions here: https://t.co/bq6jewkUhf.

Part 1: Treasury Grant Program Proposals

Proposal Category 1: Seek Funding from VCs or Borrow STX through Collateralized Loan from Stacks.
Pros: This would be the ideal solution, as it would fully cover all LP losses.
Cons: It's uncertain whether VCs would be interested in an OTC deal currently.

Additionally, the ALEX Lab Foundation has attempted to structure a two-part collateralized loan to borrow a total of 6.7 million STX, consisting of
- a $7 million USDC loan.
- an over-collateralized loan using 16% of ALEX token
from various Stacks entities that hold a large sum of STX. So far, we have not received any concrete interest. Pursuing this solution could take longer than expected, delaying compensating users.

Related proposals:
- https://t.co/yH6moTBfLJ
- https://t.co/6TU6GB1fgV
- https://t.co/mLQhLW1s3j
- https://t.co/VItVdTEObK
- https://t.co/4JSKEnsf6z
- https://t.co/tIkGOW3I3E

Proposal Category 2: Issue 1-1 Pegged Synthetic Assets to Add into Liquidity Pools

Proposal 2.1: Synthetic STX (14 million STX)
Summary: Using $7 million USDC + 16% ALEX reserve (current valuation around $40 million, with over collateral value 1.5x) as collateral to mint 14 million aSTX or iouSTX. Any recovered STX and the protocol revenue will be sent to the collateral pool to maintain the collateralization ratio of 1.5x. These synthetic STX will be added back to LP pools and eligible for future farm rewards. The token may be redeemed with the underlying collateral distributed to the token holders, subject to a governance vote.

Pros: Synthetic assets issuance significantly alleviates immediate recovery pressure and reduces performance pressure on ALEX tokens, gaining more time for long-term recovery.
Cons: Synthetic assets have de-pegging risk, depending on the platform's future performance.

Related proposals:
- https://t.co/Wrw3ZTukFX
- https://t.co/AP52wAdtQR

Proposal 2.2: Synthetic USDC or Bond Structure (28 million USDC)
Summary: Using $7 million USDC + 16% ALEX reserve (current valuation around $40 million, with over collateral value 1.5x) as collateral to mint 28 million aUSDC. Any recovered STX and the protocol revenue will be sent to the collateral pool to maintain the collateralization ratio of 1.5x. These synthetic STX will be added back to LP pools and eligible for future farm rewards. The token may be redeemed with the underlying collateral distributed to the token holders, subject to a governance vote.

Pros: Synthetic assets issuance significantly alleviates immediate recovery pressure and reduces performance pressure on ALEX tokens, gaining more time for long-term recovery.
Cons: Synthetic assets have de-pegging risk, depending on the platform's future performance.

Related proposals:
- https://t.co/ShCwidWbnq
- https://t.co/XVKFjvVFJq

Proposal Category 3: Fairly Distribute the Remaining STX in the Vault to Cover LP Loss
Summary: Fair distribution of recoverable STX among LP holders (i.e. no categorisation), calculation of lost STX and compensation with ALEX tokens, vesting period for compensated ALEX, and adjustment for expected rewards if any stolen STX is returned.

Details:
1) 150k STX recovered so far is distributed fairly among all LP holders.
2) The remaining loss is substituted with $ALEX token with an exchange rate at 10 $ALEX per STX.
3) The substituted $ALEX can be redeemed over the next 32 cycles in equal amount (i.e. 32 installments)
4) Any recovered STX during the redemption period will be returned fairly to all LP holders in exchange for reducing the $ALEX to be redeemed at the same exchange rate of 10 $ALEX per STX.
5) All other recovered assets will be returned to the LP holders immediately.
6) The $ALEX to be redeemed will accrue staking reward in accordance with the $ALEX staking yield pre-exploit.
7) The Foundation will deploy $7m to create a STX/$ALEX to provide liquidity to the platform.

Pros: This proposal received the most positive comments from the community. Please review the details of the original proposal in the forum link below.
Cons: The grant will be vesting and may be adjusted based on the progress of assets recovery.

Related proposals:
- https://t.co/YJ7BPtrXlr

Proposal Category 4: Fully Utilize XLINK and LISA Funding and Tokens
Pro and Cons:
- @LisaLab_BTC is a joint venture between ALEX Lab Foundation, @Ryder_ID, and @xverse, and therefore, the Foundation cannot unilaterally decide on its token allocation.
- @XLinkbtc raised $1 million earlier this year, primarily for operational expenses, with a current burn rate of $500K per year. Including XLINK tokens into the ALEX Treasury Grant Program could be initiated via an ALEX governance vote.

Related proposals:  
- https://t.co/6y2QukquA2

Proposal Category 5: Borrow from Zest Protocol
Pro and Cons:
Unfortunately, @ZestProtocol protocol currently does not have a large enough amount of STX to lend out.

Related proposals:
- https://t.co/mLQhLW1s3j

Proposal Category 6: Work with the Stacks Foundation for a Network Upgrade to Freeze Hacker’s Funds
Pro and Cons:
We spoke to @StacksOrg and other Stacks entities, and was told that Stacks foundation will not support it and this ”SIP” is unlikely to pass.

Related proposals:
- https://t.co/Uavae5zVJy

Thank you for your ongoing support and feedback. Your input is invaluable as we work together to rebuild the ALEX platform.

[Grayscale @Grayscale]

$STX helps to bring smart contracts and decentralized apps (dApps) to the #Bitcoin ecosystem. This integration allows for the creation of dApps and smart contracts with the network security and stability of the #BTC blockchain.
Learn more about STX: https://t.co/ejW7MwAZMM 3/3

[Grayscale @Grayscale]

We are proud to announce the creation of two new single-asset crypto investment trusts, available through private placement: Grayscale® Near Trust ($NEAR) and Grayscale® Stacks Trust ($STX).

Read more in our press release: https://t.co/Ve8RCQyKmh

1/3

[DeSpread @DeSpreadTeam]

🆕 Project Report: Stacks @Stacks

1/ Since its launch in 2017 as Blockstack, Stacks has continued to build the project with the goal of becoming the smart contract platform for the Bitcoin network.

Through its 2.0 upgrade, Stacks has managed to implement smart contract while preserving the decentralization and security of the Bitcoin network. Currently, Stacks is progressing towards becoming a complete Bitcoin Layer 2 with the 'Nakamoto Release.'

In this article, we'll take a closer look at the current structure of the Stacks chain and the blueprint that Stacks is building with the Nakamoto release.🧵