Alexx ∞

Wubba Lubba Dub Dub!!!

[Kyle Stoflet @KyleStoflet]

You don’t own enough compute.

[goodguyperson ඞ @goodguyperson]

Must've been the wind #MarvelRivals

[Coinfessions @coinfessions]

I still believe in ICP

[Curiosity @CuriosityonX]

A giant banana would look like in Earth's orbit.

[Snassy.icp @SnassyIcp]

If a team can announce a DAO closure it means the DAO was not really decentralized.

Decentralized here means several things.

One is that ownership of governance tokens is properly distributed. There should be no small group in charge with a majority of the vote.

Another is technically ensuring actual DAO ownership of assets that belong to the DAO. A most important example of this is the source code for the DAO’s software assets.

It is very disturbing to me that the Kong dev team has decided to take down the github repository with all their apparently not open source code. I would have assumed that this code belonged to the DAO and should not be closed down, at least not without proper voting procedures and preferably not at all - it is considered rather bad form, and a DAO just as any ostensible OSS contributor should have a good reason to close down open source repositories and preferably give warning and time for people who relied on the code to clone. Exceptions might include accidentally posting secrets/keys or exploits but not much else.

There is afaik no good way for an SNS DAO to assume ownership of a github repository. This is imo exactly the kind of thing that it would be super helpful if @dfinity could help out with some infrastructure and solutions for, also for owning things like X accounts (and posting to them) and email accounts.

Until such solutions exist, SNS DAOs are often in practice not decentralized enough, so we have to trust the goodwill of teams or even single actors.

Today, with the closing of the Kong github repository, we have seen clearly why relying on such trust is not enough.

[Snassy.icp @SnassyIcp]

🙌The Sneed Trading Bot Is Here!

📈World's First 100% On-Chain, Fully Non-Custodial Trading Engine

🪙Mintable on Sneedapp, The Canister Minting App Store

https://t.co/DdYx1bixel

Get your own personal trading bot to implement your ICP ecosystem trading strategies right now!

From Sneed DAO. No Chill.

[Snassy.icp @SnassyIcp]

The upcoming Sneed Trading Bot (soon) will not be for ”High Frequency Trading”, since it will be running fully on-chain.

With HFT, you compete with other HFT bots. Your edge will not be in your trading strategy, but in if your bots are faster than the other bots.

Faster at getting the information (place your bots physically near the exchanges - speed of light is the constraint these days so the shortest cables to the exchange wins). Faster at making the right decisions, so you’d better spend on dedicated hardware. And you better spend on a talented math department too - again your math won’t give you the edge, but if your math sucks you will lose.

For all of that, you need off-chain - and that will probably forever be the case.

Even if all you want to do is arb a few under-the-radar DEXes (so you won’t be competing with Larry Fink’s bots) you’ll want to do it off-chain, or you’ll be beaten as soon as someone else with an off-chain bot discovers your arb opportunities.

On-chain is not for HFT, pretty much end-of-story. So that’s not what the Sneed Trading Bot will be for. Expect your Sneed Trading Bots to trade on the order of every 5 minutes, tops, and many bots will trade only hourly, or even daily.

So what are these bots for?

Sneed Trading Bots will be quite configurable, so will support several use cases (though none of them HTF).

✅DCA - load your bot up with an input token and tell it to swap a small amount for an output token every 10 minutes, or every hour, or every day. Ideal for swapping larger amounts without causing undue price impact, as well as for entering and exiting positions smoothly.

✅Range Trade - set your bot up to buy inside one price range, sell inside another. Lets you profit from choppy crab markets and range bound price action.

✅Portfolio Rebalancing - this has many uses:

🔀Balanced Pair - you can set up a portfolio with two tokens you think have a nice correlation and tell the bot to keep the portfolio 50/50. When one token goes up relative the other, the bot trades out of the rising token and into the other. When the other token goes up, the bot trades out of that and into the first. By identifying interesting pairs, your bot can make a profit by essentially being a market maker for them.

💼Manage Portfolio - the balanced pair market making strategy scales, so you can have three tokens, or four, or any number of tokens in your rebalancer. Eventually what you have is a self-balancing portfolio. At this point, rather than seeing it as market making, you are simply managing your portfolio in a professional way, where you assign allocation targets for your portfolio and the bot keeps trading to meet and maintain them - just like Cathie Wood!

That is the principle that TACO DAO’s self rebalancing portfolio operates under, with the main difference that there it is the wisdom of the crowd that controls the allocation targets, and in the Sneed Trading Bot it’s the wisdom of you.

So while not suitable for HFT, Sneed Trading Bots will have many Low Frequency Trading use cases. In fact, there will be so many knobs and levers to configure that the sky is pretty much the limit on the LFT strategy you will be able to experiment with and hone to perfection.

Soon.

[Anvil @anvil_ic]

5 years of ICP ledger transactions in 1 minute

[dom | icp @dominic_w]

Lily, this claim is false ;)

The World Computer vision of 2014, in which blockchain plays the role of cloud, was about delivering much broader utility and was not only about "tech for finance."

Many early pioneers, including me, saw DeFi and finance as just one use case for future networks providing onchain cloud.

By way of example, on one hand the Internet Computer currently hosts Bitcoin DeFi (including things like Bitcoin memecoins on https://t.co/xfht2Ed65z), but on the other hand every month we now have hundreds of thousands of *mainstream* people building dapps that run 100% onchain. These people think of their dapps as secure sovereign *apps* and don't care about tokens.

Of course, the underlying blockchain hosting and running these apps uses the ICP token to create an open network economy, and even though these builders usually pay another way, eventually the token is involved in how their compute is paid for behind the scenes.

But these builders, in overwhelming majority, don't directly come into contact with tokens, and aren't interested in tokens themselves.

This reflects how blockchain can be about much more than tokens, DeFi and speculation.

Time will tell, but we believe World Computer will eventually represent a significant segment of the cloud market, because it has innate advantages that only cloud created by a network can provide (such as hosted apps being tamperproof, or truly sovereign).

Last year, cloud generated $1 trillion in revenue, and is predicted to generate $2 trillion in revenue by 2030. Onchain paradigms like self-writing cloud (e.g. https://t.co/IfQrVowcTj) address the entire pie. This is not a niche application of blockchain.

Currently, every month, there are now 30X+ more people building applications on ICP than there are people building apps using Web2 platforms that interact with Solana (i.e. "on" Solana in the prevailing vernacular). Moreover, they are not being paid to build though grants or affiliated VCs, and in fact many are paying for premium features on platforms like Caffeine.

This represents a reversal of the blockchain flywheel model, where money is distributed to make people build, with activity driving token price. Here people are paying to build onchain because it provides practical benefits.

I predict there will be millions of builders on ICP by year end (our "mainstream pivot" just began). By comparison, Solana has something like 10k people building a month. Of course it's more niche, and they are nearly all doing DeFi stuff, but the disparity shows there's more to blockchain than finance.

You may ask, if everyone was so excited about the World Computer vision in 2014, why did only DFINITY pursue it to the end?

What happened is straightforward. Historically, it was tokens and speculation that provided a fast route to riches for founders, VCs and industry titans. That's why the industry ended up being the industry's focus. (And, of course, building network protocols with World Computer capabilities is overwhelmingly more technically challenging, and takes years of work to boot, so people saw little financial incentive to chase that dream given the fast riches on offer).

As more and more money accrued to parties enabling DeFi, and speculation and extraction, so their numbers and power increased, and so the industry became more focused on that. But that commercial phenomenon does not define blockchain .

My guess is we'll now see massive consolidation among the hundreds of DeFi-only chains, and no doubt Solana will be a winner within that sector. However, I predict that the ease of creating DeFi chains may create new challenges — namely that "Wall Street" will wish to run the coming generation of mainstream decentralized finance on their own chains. But we'll see.

Nb. DFINITY remains a big fan of Solana, despite what happened to us in 2021.

Caffeine users should be able to build trustless Solana dapps by year end!

Looking forward to sharing.

[Snassy.icp @SnassyIcp]

Several New Sneed Hub Updates Are Live!

💵Quick Wallet - access your wallet from anywhere via the wallet icon in the header.

🔍Scan Tokens - scan for tokens with balances and add automatically to your wallet.

👑Me Page - Show all your hotkeyed SNS neurons directly on your Sneed Me page in one go.

👤User Page - Shows all hotkeyed SNS neurons and scans for token balances for the selected principal

➡️Send Tokens Dialog - shows balance of recipient address

🏃Wallet and Neuron Cache - makes several key pages much snappier.

⭐️New Front Page Design - shows token and DAO stats as well as the newest items from the Feed and the most recent active auctions from Sneedex Marketplace.

🤖Rebranding - our "ICP Neuron Manager" canister apps for liquid ICP staking are renamed to "ICP Staking Bots" - the first in a family of coming "Bot" personal canister apps that live in your wallet and run tasks for you.

Lots of news. All live, so come check it out right now at

https://t.co/RJvcGNBkpr

[Alex @AlexanderTw33ts]

AI is renting a human to hold a sign that says: "AN AI PAID ME TO HOLD THIS SIGN"

[DFINITY Foundation @dfinity]

In his recent appearance on the @CogRev_Podcast, @dominic_w offered a deep dive into his vision for ICP: a revolutionary sovereign cloud where AI autonomously builds and updates tamperproof, unstoppable web applications.

It also explains how:

▪️ ICP will fundamentally change technology
▪️ consensus among ensembles of AI models could be key to ensuring AI safety and integrity
▪️ the NNS and orthogonal persistence promise unprecedented security and resilience

1/2

[itmg @tmgisbad]

what did i just watch

[tacodao 🌮 @tacodaoicp]

MAJOR update just shipped!

🏆 Top 50 allocation voters leaderboard
📊 Historical performance of your allocations
🧭 Follow top voters to mirror their allocation strategy

With performance tracking, the DAO can identify what works, follow it, and let good judgement compound.

[Snassy.icp @SnassyIcp]

⭐️New Release ⭐️

🧙‍♂️The SNS Neuron Jail Breaking Wizard 🔓

https://t.co/WQs1BDzg4K

The DAO that has no chill presents the tool that can set your SNS neurons free from your NNS wallet and make them instantly tradable on Sneedex marketplace!

Have some old SNS neurons you don't want anymore?

Just use Sneed DAO's easy wizard to make them liquid in moments!

The option to trade all your SNS neurons just opened the door to a massive liquidity boom on ICP.

FAQ:

Q: Does jailbreaking my SNS neurons from the NNS wallet involve any weird, hacky stuff?

A: Yes.

Q: Oh no...

A: Afraid so.

But the good news is that it is easy! Definitely easier than most things you have done on your crypto journey.

And it is safe. The tool only adds your principal as a hotkey with full permissions to your SNS Neuron, it doesn't remove the neuron from the NNS wallet. Your neuron can be fully controlled by many wallets at once.

You will be able to remove it from the NNS wallet later if you want to, and add it back as well - you will finally have full control over your SNS neuron!

As an example, if you sell your neuron on Sneedex all hotkeys but Sneedex will be removed from the neuron during escrow, but if your offer doesn't sell you can always add your NNS wallet back as a full owner once your neuron is returned from escrow.

Q: Ok, so what's the bad news?

A: Well, the way it works is this. Three easy steps:

1⃣ The tool lets you select the SNS Neuron that you want to jailbreak, and the principal that you want to add as a controller (this should be your Sneed Wallet principal).

2⃣ Then the tool generates a custom script for you, that will add your principal as a hotkey with full permissions to the neuron. Your personal script is saved in our backend so you can access it at anytime.

3⃣ Now you log in to your NNS wallet, open the browser's console window, paste in your script, hit enter, and it's done.

After this you will be able to find the neuron in your Sneed Wallet as well as in your NNS wallet - and it is ready to be traded on Sneedex.

The bad news part is how pasting a script from the Internet into your browser console window from your logged-in NNS wallet is not ideal. Don't do it unless you trust the source of the script.

But if you are ready to take that risk, your SNS neurons are finally ready to be free!

NB: For new SNS neurons, just create them via the Sneed Hub SNS staking wizard or directly in your Sneed Wallet, and they will be liquid from the start!

Q: Any more bad news?

A: Not if you're a👑Sneed Premium member, then using the tool is 80% off the price!

You can get a Sneed Premium day pass for as little as 0.1 ICP or 1 ICP for a month, and if you are a staking Sneed DAO member then extending your premium membership is always free!

Without a membership be ready to pay 5 ICP to jailbreak your SNS neurons. A DAO's gotta pay for gas!

Q: What am I waiting for?

A: Nothing! Go make your SNS neurons liquid and trade them on Sneedex today!

Only on Sneed Hub.

https://t.co/Fof4mSHseT

@icsneed keeps moving the needle on ICP DeFi

[SNEED ∞ @icsneed]

🔥Sneedex is live!
https://t.co/rsAljKhqBN

✅Trustless DEX for IC assets: trade canisters, neurons, and ICRC-1 tokens
✅Liquid staking: sell ICP and SNS neurons as tradable assets

🔓Unlock exclusive benefits, discounts, and features at https://t.co/Dp2KTGUp6O

[Snassy.icp @SnassyIcp]

Introducing: 👑Sneed Premium

Sneed Hub will shortly introduce Sneed Premium, a membership service that will give access to the following benefits (and more in the future):

ICP Neuron Manager:
⭐️Canister Creation Discount

Sneedex:
⭐️Free Auction Creation
⭐️Reduced Auction Cut

Sneed Lock:
⭐️Free Lock Creation

Sneed Hub Canister Manager
⭐️Unlimited Access

Sneed Nickname (Address Book) Service:
⭐️Unlimited Nicknames

Sneed SNS Forum:
⭐️Longer Post Limits

Sneed Short Message Service
⭐️Longer Message Limits

To become a member, you will either be able to purchase a subscription directly on the web site using ICP - or, if you are a staking Sneed DAO member, just hotkey your neuron for free access!

If you don't yet have a Sneed neuron, creating one is easy and can be done directly from your Sneed Wallet on Sneed Hub. The benefit of doing it there instead of in the NNS dapp is that your neuron is then transferrable and can be traded on the upcoming Sneedex marketplace (soon...)

[Shadow of Ezra @ShadowofEzra]

BlackRock CEO Larry Fink tells the World Economic Forum the world must move faster toward digitized currencies under a single unified blockchain to “reduce corruption.”

He outlines a vision where every asset is placed on one system, including stocks, bonds, real estate, money market funds, and cash.

In that system, ownership would be tokenized, fractionalized, programmable, and instantly transferable on one all-encompassing blockchain ledger.

[Snassy.icp @SnassyIcp]

The new Sneed Hub features are live!

🧙‍♂️Sneed Lock Wizard
📦Canister Manager (Premium Feature)
🧠Canister-Owned ICP Neurons (Premium Closed Beta Access - public access on Jan 24th)

The Sneed Lock Wizard lets you lock tokens and liquidity positions easier than ever.

https://t.co/FwOBbGg867

The Canister Manager lets you register canisters you want to track, and organize them into folders. Top up cycles, manage controllers and even upgrade canister code directly from your browser. Stake Sneed and hotkey your neuron to access this premium feature!

https://t.co/qtDT6v2rXz

The Canister-Owned ICP Neurons feature lets you create canisters that in turn create and own NNS ICP Neurons. The canisters themselves can then be transferred and traded, making for more liquid ICP staking. Access your ICP Neuron Manager canisters directly from your Sneed Wallet. Stake Sneed and hotkey your neuron to get premium early access to this feature before general availability for everyone on Jan 24th.

https://t.co/LXIXXiBxTX

This release marks the introduction of premium features to Sneed Hub, giving yet another great reason to become a Sneed DAO member by getting some Sneed and staking it.

Note that you can create your Sneed Neuron directly in your Sneed Wallet, and by doing so the neuron will remain transferrable, making your stakes Sneed more liquid (just like the canister-owned ICP neurons).

Sneed DAO is excited to move the needle on ICP and provide solutions that matter.

[Snassy.icp @SnassyIcp]

Manage your upcoming canister-owned ICP neurons directly in your Sneed Wallet. Coming shortly. It's imminent. Soon.