Do “unstable” Kwon

All things cryptos.

[Do “unstable” Kwon @Unstableluna]

@CredibleCrypto Hi Cred thanks for your video and great work! Just wondering: do you think it’s possible that 53.5k was the bottom and we could impulse up from here instead of tapping the 52k zone below?

[GMTrade @gmtrade_xyz]

GMSOL's Fee Distribution will adopt a structure where 60% is used for buyback $GMX and reserve for GMSOL Points, 30% is provided to LPs as real yield, and 10% is reserved for tech.

For each transaction, the executing GM Pool will receive real yield, and both the GM Pool and the Trader will receive an equal amount of GMSOL Points to incentivize LPs and Traders' contributions to GMSOL. GMSOL Points will be allowed to be sold to the GMSOL Treasury under certain rules to obtain GMX through buyback. More details about GMSOL Points will be announced before the official launch of GMSOL.

The GMSOL Treasury will adopt a 3-of-5 multi-signature structure, where GMX Core Contributors control the majority with 3 signatures, and GMSOL Core Contributors control the minority with 2 signatures. This structure prevents GMSOL Core Contributors from acting maliciously or tampering with the purpose of the GMSOL Treasury.

GMSOL Core Contributors have the right to initiate proposals to change the purpose of the GMSOL Treasury. However, any proposal must be approved through a voting resolution by the GMX DAO, which means the GMX DAO has veto power. By clear separation, the innovative capabilities of GMSOL and the supervisory capabilities of the GMX DAO can be fully utilized, achieving a good balance.

#GMSOL #GMX

[TrendMoon @0xTrendMoon]

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#AI $TARA @taraxa_project #SocialData #TrendsSpotter

[WINR @WINRProtocol]

Built for WINR Chain as a WINR-based platform, the meme launchpad casino will be deployed on Base before WINR Chain launches.

The revenue generated through buy/sell and deployment fees will be distributed to WINR staking every week.

[ya3kov @_yakovsky]

On "Real Yield Revanchism / The End of Points"

~$8.6B in liquid alts supply has been injected into the market from token launches in the past 4 months and ~$70.5B will be unlocked in the next couple yrs. I predict the altcoin music is going to stop in a matter of weeks. Everyone will collectively wake up one day and realize that points on unlaunched tokens are worthless. Users will be desensitized towards “points” as a concept and the term will evaporate from our shared mental construct as quickly as it entered it. YT holders will be in shambles.

Why now? Reading sentiment honestly — over the past couple weeks it feels like there is a sharply growing shared awakening to the fact that the market is no longer providing. ROI's on farming are sharply decreasing. Every single new TGE is increasingly less impressive than the last and I am betting that we see a wake-up call and drastic collapse in public confidence of the profitability of accruing points very soon. There are just too many tokens to catch a bid. People won't even bother to farm.

Unlaunched vaporware/tokens will be major flops moving forward since nobody will be interested in playing that game anymore. It is too late.

Just like people turn to gold during times of uncertainty, users will begin to INSIST that their yield is denominated in stablecoins (USDC, USDT, etc), ETH, or at the very least liquid shitcoins that can be dumped immediately— not points. Teams will plead and INSIST on giving points, but no — users won’t take them anymore. Instead, users will burn their digital points and use it to light up their digital fire to keep themselves digitally warm like in Weimar.

This thus marks the end of the points era and the advent of the DeFi real yield era. Real yield is simply yield you earn by generating real economic value on DeFi rails:

1. LP’ing in an AMM (ex: @uniswap). Enables spot trading

2. lending in a money market (ex: @aave, @MorphoLabs, @euler_mab). Enables over-collateralized borrowing

3. short ETH perp in an exchange (ex: @ethena). Enables leveraged trading

4. lending to U.S. government (ex: @MakerDAO, @OndoFinance). Enables govt borrowing

5. lending in an unsecured credit facility (ex: @ClearpoolFin). Enables unsecured borrowing

6. restaking economic security (ex: @eigencloud). Enables cryptoeconomic security borrowing

7. selling options contracts (ex: @3janexyz). Provides liquidity for options market makers

In each example, there is a counterparty willing to pay for that service whether it is spot traders, borrowers, leveraged traders, AVS’s, or market makers. Hence, the yield is real since it is coming from actual economic transactions and interactions between market participants, as opposed to being artificially created or sustained.

Prediction for the next 3-9 months:

1. I expect capital to flock back into protocols that have the capacity to pay users in-kind with stablecoins or ETH as farmers lose all faith in anything else. Protocols building in the trenches and offering real economic value will be rewarded with capital.

2. We will also see an explosion in the intersection between DeFi and EigenLayer — the most novel source of real yield being securing other AVS’s. This will be the new shiny object. We are witnessing a cambrian explosion in crypto-native yield-bearing assets enabled by EigenLayer’s restaking primitive. At time of writing, 14% of all staked ETH has been restaked equating to $14B TVL from native/liquid restaking. In 2023, there was effectively 1 PoS yield source  — you can stake your ETH on the Beacon Chain. Today, staked ETH can be re-pledged across an infinite number of cryptoeconomic systems and by doing so one can earn more yield in exchange for providing security. Specifically, this scales with the number of Actively Validated Services (AVS) live on EigenLayer. As a result, you can have an infinite number of yield-bearing ETH variants with varying yield / risk profiles. You can read more about the thesis here
https://t.co/rruF9c8BPA

Sources:
1.https://t.co/z3PK6dqrAD
2.https://t.co/H4prQkBhK5
3.https://t.co/hgUUttgdrT

Thank you to @ThorHartvigsen and @BlurCrypto for market data and inspiration.

[CryptoPires @s1pires]

$GMX 💙🧡

It is not IF but WHEN we break out🫐

#Arbitrum the home of #Defi

[CryptoPires @s1pires]

$PENDLE looking to take out them wicks $4.90-$4.60 after such pumps its normal for corrections. hoping $4.50 will be strong support 👀

#Arbitrum #RWA #Defi

[CryptoPires @s1pires]

🎲 @JustBetOfficial by @WINRProtocol 🎲

Some impressive stats here, Don't fade WINR (DYOR)

With:
$86 million total bet volume
5.5 million games played
2.2k players and continuing to climb

Built on #Arbitrum

#Gamble

[WINR @WINRProtocol]

𝗛𝗲𝗿𝗲 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗽𝗼𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝗳𝗼𝗿 𝗪𝗜𝗡𝗥 𝘁𝘄𝗲𝗲𝘁 𝘀𝗲𝗿𝗶𝗲𝘀. 💫

The online gambling industry, plagued by fraud, exit scams, and high acquisition costs, is in need of a game-changer. WINR Chain, with its potential to attract new operators and foster healthy competition, could be that solution.

WINR Chain, with WINR Protocol built on it, solves this. 🛠

WINR Chain, powered by the efficient Arbitrum Orbit stack, can process a bet onchain in just 2 blocks with the help of WINR VRF. This revolutionary speed provides a user experience that rivals centralized solutions, opening up a world of possibilities for onchain decentralized casinos. 🌐

While the fine-tuning for this tech stack is ongoing, the current test results yield an animation starting for the user at around 400ms. This means there is less than 200ms latency when watching the chain, logging the state, and providing a result for the user to compete with the web2 UX without sacrificing decentralization.

𝗪𝗜𝗡𝗥 𝗖𝗵𝗮𝗶𝗻 𝘄𝗶𝗹𝗹 𝗼𝗳𝗳𝗲𝗿:👇

✅ The fastest VRF and onchain game resolution for game providers. Build your game of chance, and let frontend operators integrate it into their casinos. Earn forever.

✅ Shared chain-wide smart wallets. No need to hassle for deposits.

✅ A one-click bridge with a ready-to-use wallet UX for every frontend operator is very similar to centralized exchanges. Smart wallets can deposit from any EVM to their funding wallet and bridge assets by transferring their funds to their betting wallet.

✅ Permissionless frontend operator deployment: Choose the logo, colors, fonts, styling, and games you want to deploy and start your decentralized online casino with whatever asset as a bankroll you wish to with a few clicks. Cost? Only fund the WINR gas wallet for which you sponsor your users' transactions. This is the sole cost of operating a decentralized casino on the WINR Chain.

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝗮𝗻 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝘂𝘀𝗲 𝗰𝗮𝘀𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝘁𝗼𝗸𝗲𝗻? 👀

Just deploy a bankroll on the WINR Chain, fund it, and connect with frontend operators to provide campaigns/incentives to their users to add your bankroll to their casino.

🔜To be continued next week with the new WINR staking model and the brand new dual utility of WINR explained.

[WINR @WINRProtocol]

After a year of mainnet, and years-long research, WINR is now ready to move to the next chapter in its broad goal of providing a decentralized environment for online gambling industry.

This is the first post of the upcoming Tweet series that is starting tomorrow, and that will continue until the launch of WINR Chain and WINR v2 smart contracts that will include:

- The functionality and use cases for WINR Chain - how WINR Chain will host all of the decentralized casinos on a single chain providing them everything they need to run an onchain casino
- A brand new WINR App: WINR Chain explorer, bet explorer from every chain and every frontend operator, and detailed statistics
- Duel utility of WINR: a gas token to pay to exist on the WINR Chain and revenue-earning
- No more vWINR incentives, and brand new staking/locking model for revenue sharing
- The new modular smart contract framework that brings everything onchain, including rewards, incentives, and bonuses
- Permissionless frontend operator deployment
- Public gaming SDK and grants to onboard game providers
- Seamless UX and bridging between chains
- Upgrades to WINR VRF, making it even faster
- The new revenue-sharing model for all the stakeholders: liquidity providers, token holders, frontend operators, and game providers
- The new permissionless single-sided isolated vaults for any ERC20 targeted at any token and meme communities
- WINR Launchpad for upcoming/existing frontend operators and game providers
- Partnership and deployment of a DEX on WINR Chain
- New products post WINR Chain: meme launchpad, sportsbook, and prediction markets.

Now that most of the development is close to the audit stage, it is time to get into the details. Are you ready?

[Do “unstable” Kwon @Unstableluna]

Verifying my Twitter account for my #GalxeID gid:37JLX2H5gmPscDRfMdvwq9 @Galxe

https://t.co/jz0Wv3id5m

[Do “unstable” Kwon @Unstableluna]

Trying out trading on
@GMX_IO
, up to 50x leverage on $BTC, $ETH 📈 For fee discounts use: https://t.co/TJqo4rffXS

[Do “unstable” Kwon @Unstableluna]

#NewProfilePic