roblox has been around longer than bitcoin 🤯
few are patient enough, because there is no soul or passion to what they're doing & they do not love it
$MON TGE today.
Simplest Monad airdrop play is still liquid staking. Stake and forget while farming points.
If Monad does well, one of the $MON LSTs will be Lido of ETH and Jupiter for Solana.
Question is which.
I look for:
- Exclusive to Monad
- No TGEd yet
- Already integrated into Monad eco DeFi apps (lending like @Curvance , DEXs etc)
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@0xFastLane → shMON:
Just announced Points with two modes: Earn points and yield or degen mode to earn just points.
Extra points to use in DeFi.
shMON should return MEV and infra fees back to holders.
Backing: $6m seed by Figment Capital, HashKey, Robot Ventures, Coinbase etc.
Backing is important as it provides exit liquidity for airdrop.
@Kintsu → sMON:
Built more like 'a safe and simple collateral' for DeFi.
Raised ~$4M Seed from Castle Island Ventures, CMT Digital, Spartan Group etc.
@MagmaStaking → gMON
I like that gMON brings Ethereum-style Distributed Validator tech to Monad that splits one validator across many operators, removing single-point failures.
Underrated feature.
Raised ~$3.9M seed from Animoca Ventures, CMS Holdings, Maelstrom (Arthur Hayes), Veil VC, RockTree Capital.
I bet they will have Arthur Hayes shilling it during TGE.
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Notes: I will skip aPriori. Already TGEd and token trading on Ethereum.
Gut feeling not good.
Which LST is the best bet?
I'm still considering my bets.
StablesLabs potentially mishandled users’ funds by bridging the funds and opening a 30x long on Hyperliquid.
Last week's must know DeFi updates and launches:
https://t.co/8RNdKHya9m
$3 trillion industry
Have we earned it?
There is no version of this universe where crypto is a screaming buy when we only have 40M active users using these networks and little revenue to show for so-called “network effects”
.@aave won DeFi by not fighting other protocols, or competing on degen yields. They went straight to iOS normies with a savings account that pays >5%.
No metamask. No seed phrases. No learning curve. Just bank transfers straight to stablecoin savings.
1.8 billion iOS users can now access DeFi yields that banks refused to offer them. This is the actual adoption event everyone was waiting for.
Not another L2. Not some ephemeral X-to-earn gimmick. But a real product solving a real problem (exploitatively low interests) for real people who have never manually touched crypto and probably never will.
This is our reply to the recently posted ill intentioned attack.
GAIB users have been able to withdraw funds freely since Nov 7th. Those who migrated to AID and sAID did so knowing proof of reserves and USDC redemption would come Nov 21st, as it will.
Spread love not fear.