MAXXX

[MAXXX @LessThanTh3]

https://t.co/JJAWWhz8CW

[Holy Bitballs (r/acc) @MarkOosFirm]

“Grass is a DePIN network for data scraping, built on Solana.”

That’s the official summary - and like most official summaries, it’s accurate, concise, and radically undersells everything that’s interesting about it.

It’s not wrong. It’s just not the point. We did our best to lay out the point - enter the most complete, take-rich @grass thesis + valuation writeup on the internet.

https://t.co/iDjIwiDGJz

[MAXXX @LessThanTh3]

The DePIN Thesis: Real Assets, Real Impact, On-Chain

https://t.co/XFyrdYRoaw

[MAXXX @LessThanTh3]

Brilliant thoughts 👇👇👇

[Holy Bitballs (r/acc) @MarkOosFirm]

I just published Solana Thesis: Part 2.1 https://t.co/qtQBrLZHzH

Breaking down Solana’s complexities for non-technical readers as gently as a mother’s touch. Huge thanks to @SeanButta and @__lostin__ for enduring early drafts and sharing invaluable insights.

[Holy Bitballs (r/acc) @MarkOosFirm]

I just published Solana Thesis: Part 2.1 https://t.co/qtQBrLZHzH

Breaking down Solana’s complexities for non-technical readers as gently as a mother’s touch. Huge thanks to @SeanButta and @__lostin__ for enduring early drafts and sharing invaluable insights.

[DAIN 🦋 @dainprotocol]

Hungry? AI Agent orders and delivers. It's that simple.

[Holy Bitballs (r/acc) @MarkOosFirm]

I just published Crypto The Tech https://t.co/pCwjbDrWVt
Our overarching Crypto Thesis. Inside you will find:

🚀 Crypto will shift wealth and melt faces. How exactly?
🔄 2008 recap - what means
⚖️ Debasement good, debasement bad
💼 8% SaaS delivered by central banks to keep your bags afloat.
🏖️ What is the 8% sandbox?
🎻 Orchestration of efforts and the funeral of diversification
📈 Only tech outperforms debasement.
🤔 Is crypto tech?
💱 Stake-to-float economy.
🔥 The 2x Thesis
💡 Don’t be a _ _ _ _ _. Take part in the wealth shift.

[MAXXX @LessThanTh3]

@bluefinapp is great platform

You guys are awesome!
But honestly, it's time to add features like SL/TP.
They're truly lacking

[Pluto @plutouttahere]

With the recent performance of $SUI and the news of it being added to the Grayscale Trust, I want to share some thoughts on @bluefinapp , a CLOB-based perpetual DEX on the Sui network.

I've used the platform for:

- Funding arbitrage: Until recently, the funding rate on $SUI was around ~60-70% APR, and on $ETH around ~30% APR.
- Inter-exchange funding arbitrage: For example, this week it was possible to consistently capture arbitrage on $SUI between Bybit and Bluefin at around ~55% APR.
- Farming through the Elixir aggregator.
- Farming Blue points: I accumulated around 16k points. Pre market price for token is about 0.25$ and point conversion is unknown. Probably around 3x per token

However, it's still challenging to trade efficiently.

Guys, speed is crucial in the current market to avoid missing opportunities. As Captain America said, "Sometimes patience is the key to victory, and sometimes it leads to nothing. Why wait so long?"🥲

Hurry up with Bluefin Pro! Please add more trading pair, SL and TP options - trading without them is almost impossible now. Also, consider introducing spot trading. It would likely be beneficial to create a Bluefin Vault, similar to what other perpetual platforms do, and allow users to create their own vaults.

It might also be worth revising the tokenomics and adjusting the airdrop vesting points. Originally planned for the end of Q1, the tokenomics were delayed due to market conditions, and extending the vesting period by a few more months feels like ☠️

So, please implement SL, TP, and more trading pairs, and I promise I'll try to move all my trading volume from HyperLiquid to Bluefin👏

Shoutout to @zabimx and Harry (couldn’t find his handle on X)—you guys are really into it. Hope to see you in Singapore!

[Pluto @plutouttahere]

When your girl said she out with her friends, but her friends out with you

[Cleon @0xCleon]

Having some fun with an AI Agent expert in DeFi 👀 @dainprotocol

Simple and fast ⚡️

[Pluto @plutouttahere]

Some thoughts about @usualmoney . As you may know, they are building a decentralized stablecoin protocol fully backed by real-world assets (RWA) with ultra-short maturities (T-bills). It's a simple yet great idea focused on redistributing power and ownership to users and third parties, akin to a scenario where Tether’s TVL providers would own the company and the associated revenues. They have a committed partnership with @DewhalesCapital and over $31m of their capital to bootstrap and mint @usualmoney’s stablecoin $USD0. And I think that’s enough for the introduction; let’s talk about yield…

[MAXXX @LessThanTh3]

Once again, a brilliant idea

[Pluto @plutouttahere]

@rage_trade team - I have a proposal for you.

You installed an aggregator and are showing funding on platforms, but can’t automate funding arbitration?

This is actually a very cool feature. Imagine you have a bunch of stables and you don’t want to manage them all manually. I think you can add functionality that does everything automatically. The user simply logs in, clicks “arbitrage,” and it opens the positions itself, accounting for all the available slippage to minimize basis point loss. This would be an incredible tool in a bull market!

Additionally, for all the positions, you would also receive points from the platforms you interact with. Isn’t that great?

*If you implement such a feature, don’t forget to give me a percentage ;)

[Pluto @plutouttahere]

Looks like @elixir will launch deUSD soon

I’m getting ahead of myself a little; apparently, the information was private until recently but has already appeared in closed communities and tg chats with offers to bring in liquidity with bonuses. One of these days, it will be public.

deUSD is an analogue of @ethena , with the difference that it will be delivered to partner exchanges as collateral, and there will also be commissions from this. During times of low funding, part of the collateral will be transferred to sDAI to generate income.

Some of technical info about Elixir deUSD and launch details⬇️

📑Product Information:

- Elixir is a modular DPoS network designed to provide liquidity in order books.
- deUSD is a fully backed synthetic dollar that will be issued using stETH.
- Main partners: Vertex, RabbitX, BlueFin, dYdX, Orderly, Hyperliquid, SynFutures, PancakeSwap, Injective, Synthetix, and others.

⚙️Technical Details

1. Process of Creating and Redeeming deUSD:

- deUSD is created using stETH as collateral.
- Market makers undergo KYC and can create and redeem deUSD using the API and signed messages.
- The process of creating deUSD involves creating a short position on ETH in the futures market.

2. Integrations and Liquidity Management:

- Elixir has integrations with the largest decentralized exchanges (DEX) such as Vertex, RabbitX, BlueFin, Orderly, and others.
- deUSD will be used as the main collateral on these exchanges, which will increase the total open position and total value locked (TVL).

3.Decentralized Execution:

- Initially, support will be provided by centralized exchanges through OES providers such as Copper and Ceffu.
- In the future, the entire mechanism will be transferred to decentralized exchanges (DEX).

Pros and Unique Features

1. Decentralization:

- deUSD will operate on decentralized principles with verifiable proof of execution, open source, and non-custodial liquidity.

2. Reducing the Risk of Negative Stock Rates:

- In an environment of negative equity rates, deUSD will be protected through the use of an insurance fund and the conversion of assets into sDAI.

3. Preferred Collateral in the Elixir Ecosystem:

- deUSD will be the main collateral on the five largest DEXs from day one of launch.

Rewards and Incentives

- The farming program (Apothecary) will increase rewards from 20 to 50 million “potions,” prioritizing farming with deUSD.
- The deUSD rate will provide an opportunity to earn protocol profitability and additional incentives from partner exchanges.

Management and Risk Management

- After the launch of the Elixir main network, the execution of trading operations on exchanges will be carried out by the network itself.
- Collaboration with risk providers such as Gauntlet will ensure network monitoring and reliability.

📌Summary

The launch of deUSD from Elixir will extend farming for another 8-10 weeks. In 2-3 weeks, there will be Pendle. It will be possible to mint using ETH, which is already in the Elixir bridge smart contract. By placing deUSD in Curve and Pendle pools, we will receive up to 5x on potions. The project itself estimates its value at 1.5-2 billion at launch. According to the models, the profitability is good, so we are waiting for the official announcement.

Super bullish brru

[MAXXX @LessThanTh3]

@plutouttahere This guy speaks the language of facts 🫡⬆️

[Formula 1 @F1]

Kimi escapes unscathed from a very scary tangle with Fernando 😰

#F1 #AustrianGP

[Holy Bitballs (r/acc) @MarkOosFirm]

I just published Let’s Talk: Solana Thesis (1) https://t.co/Tn9PfoTinI

A high-level overview of the evolution of Solana's investment case for an investment entity, highlighting the rationale by which a hedge fund in crypto can gravitate towards favouring @solana .

[Pluto @plutouttahere]

With this post, I want to continue our talk about @SuiNetwork. Today, we will talk about a solution called zkLogin, which is an important step towards mass adoption and the integration of web2 users into our web3 world.

[Holy Bitballs (r/acc) @MarkOosFirm]

1/ The Great Debate! @toly @drakefjustin

Huge thanks to @bankless for highlighting the many points of difference between @solana and @ethereum .

It was striking to notice that these differences are rarely technological. Instead, they are mostly about fundamental beliefs, which illustrates why tribalism exists and what it is based on.

The tech talk only lasted about 40 minutes and all the rest of the episode was about …. professional deformation?

[Pluto @plutouttahere]

This thread is going to open a whole series of posts about Sui and why it is potentially a super big deal you are not prepared for.

[MAXXX @LessThanTh3]

@nepemorra все будет