This is insane 😂 My love for Fwog & $Zghire just collided thanks to the goat @Zghire_ 🐸🔥
Stoked to be part of a real community full of talented, rad people actually building something special.
Gang gang 🤝 STAY DFRINT
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
After discussing with @dchapman, we have settled on a new course of action here.
Rather than accept community memecoins into the Reserve, I have setup a vault where anyone may send ORE-paired coins to permanently lock up supply. All ORE and stORE fees received by the vault will be automatically buried.
The vault is now live, open-source, and the upgrade authority has been frozen. Tokens sent to the address below will be locked forever. Caution: once sent, tokens cannot be recovered or redeemed.
GHRBYPA4cujFwfyhNNm6NLTh4egdTrcz7xkBbEwM4xX
ZCAT caught my attention as a different way to play the ZEC trade
- Solana meme paired with ZEC
- 3% transfer tax funds ZEC rewards
- rewards go directly to eligible holders
- gives onchain degens exposure to the Zcash narrative
- trading tax adds friction, so that's the main tradeoff
interesting setup but higher risk spot
This is one of the biggest changes to ORE ever
A % of protocol revenue will flow into the ORE Reserve, providing one-sided liquidity across multiple ORE pairs
The more revenue comes in, the bigger the reserve gets
With the longterm goal of its TVL to match/exceed ORE's market cap, I think this has a real shot of becoming a legitimate SoV
In theory, this reserve could absorb all available supply before ORE’s price ever reaches zero
I’m bullish on solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR for the same reasons I’m bullish on solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp
So early.