Ric⬡

Explorer of Knowledge and Logical truth.

$LINK - @Chainlink, 2020 Marine.
#LinkTheWorld

$APU is the King of Memes.

#LTOADs @chainlinktoad.

NFA - DYOR

[Ric⬡ @_Pirul0]

@chainlink @SergeyNazarov "Time to build something unique and valuable." - @SergeyNazarov

[Andrew McCormick @AndrewMcMarkets]

First tweet! New chapter. I just joined @chainlink as Head of Institutional and Market Development.

After 4.5 years at @eToro and 15+ years in trading and capital markets, getting to work on institutional crypto adoption feels like exactly where I should be now.

Banks and asset managers aren't asking "should we" anymore. They're building with @chainlink. It’s a joy to be part of this story.

[Ric⬡ @_Pirul0]

@BajaDavidlak @bob4punk Dave, have you read the Chainlink White papers? Do you understand how this technology work? Do you understand the token mechanism and how the SC operates? Are you familiar with the concept of payment abstraction layer?

Not everything is price action.

Are you a LINK staker?

[Ric⬡ @_Pirul0]

@bob4punk It's like going from a Motorola StarTAC to your everyday smartphone of choice.

It will happen, it will become a critical part of daily life, it will be everywhere and there will be no way to not be affected by it.

LINK the world.

[Chainlink @chainlink]

7 years. One goal.

LINK EVERYTHING.

[Ric⬡ @_Pirul0]

Good question for @ChainLinkGod as community liaison.

Looking forward to an elaborate and based reply. 💪

@CatfishFishy, thoughts?

IMO, either way, regardless of value capture vehicle, the thesis included 'Anyone' can operate a node and capture value for securing the network.

[Mel GibGibs @MelGibGibs]

12/ Genuinely asking where I'm wrong.

Is Payment Abstraction the real flip or just a release valve? Is Labs Inc the long-term value capture vehicle and we hold the secondary?

Marines, NOPs, devs - tell me what I'm missing.

t. 2017 biz marine

[Ric⬡ @_Pirul0]

@MelGibGibs Agreed. The token has to hold some sort of value as a securities guarantee that correlates to the amount been transferred. If not, as an institution, why even use it or trust it, right? Eventually token price needs to hold more value. That's the thesis.

[Ric⬡ @_Pirul0]

@MelGibGibs Interesting take. 🙂

[Mel GibGibs @MelGibGibs]

5/ Three parallel revenue systems got built:
→ On-chain LINK fees (small)
→ SCALE/BUILD subsidised deals (doesn't touch LINK)
→ Enterprise contracts in fiat with Labs Inc (doesn't touch LINK)

Only one of these drives token demand. Guess which is the largest.

[Mel GibGibs @MelGibGibs]

3/ This isn't a hidden flaw. It's a deliberate strategy.

Data Feeds given away for years. SCALE pays in chain-native tokens. BUILD takes partner-token allocations in exchange for free service.

Won the market by giving the product away. Smart move. But it traded LINK demand.

[Ric⬡ @_Pirul0]

@nullpackets @AlienAspiring @DirtyNewsCorp 🤫

[Ric⬡ @_Pirul0]

@channelchartist @chainlinklabs I treated like a CD. Staking gives me yield. Better than any fiat bank CD when comparing the APY and market price per token.

I dont even think about the PA. It is money I dont need right now. A long term investment, and patience will be rewarded.

Chainlink is the Standard.

[Sergey Nazarov @SergeyNazarov]

Three key trends I am increasingly excited about...

1: Our industry has started caring much more about the security and reliability of the infrastructure, standards and oracles/dependencies that it is built on top of. This shift in focus towards security is already massively benefiting Chainlink because it is built with security and reliability in mind from the start e.g. 16 nodes vs 1 of 1 or 2 of 2 (which is actually often just a 1 of 1 in disguise). This focus on reliability and security makes a better system for everyone in the DeFi/TradFi industry to transact with less risk and also leads to more overall Chainlink adoption over time. The way Chainlink became the leading data oracle is through security and reliability, I think that will happen across all categories where Chainlink deploys services for the same reasons.

We are now clearly seeing this dynamic take place in cross-chain interoperability, with many large users migrating onto CCIP after conducting deeper security reviews of bridging providers, more and more of which are now being published, some telling quotes below:

https://t.co/7ANpmqIlPn
Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including:

• ISO 27001 and SOC 2 Type 2 certifications
• Secure by default architecture
• 16 independent nodes
• Native rate limits, and more.

https://t.co/hPnqT7CFcT and https://t.co/QHXnyjO2fp
The analysis covers how Chainlink CCIP delivers strong decentralization, native safeguards, and issuer control as default protocol-level guarantees, which insulates wstETH from a number of attack vectors behind the Kelp / LayerZero exploit.

https://t.co/AObyg1Nunx
Chainlink CCIP has emerged as the standard in cross-chain infrastructure, providing an enterprise-grade framework to secure high-value assets

With over $4Billion migrated in just a few weeks and more on the way, I am clearly seeing the industry's clear preference for security and reliability being a key trend leading to accelerated adoption of Chainlink and CCIP.

2: Chainlink has always continued to build and added many of its best features during down markets, when there is less noise to distract top teams from building. Because Chainlink already has clear product market fit, being able to focus on building the future is a powerful accelerant for future progress and is actually what I and many of the people building Chainlink are here for.

I am very excited about both the use case specific features e.g. collateral management and the increasing number of reusable primitives e.g. verifiable confidential compute in CRE, which are now actively being built, refined and launched with top users. In my experience, during the down market lulls is when the best things get built, and I am truly thrilled to see Chainlink being built to better serve its existing users and entirely new users.

3: The RWA, TradFi Tokenization and Digital Assets industry has now decoupled from crypto prices as a determining factor of its success and is a rapidly growing market of its own. Great news for the technologies, standards and infrastructures that can serve this new and growing demand, of which Chainlink is at the very top of the list. By having the relevant certifications; https://t.co/PlGDKLrJDi, being the historically most secure/reliable option with the largest amount of value enabled and being able to compose multiple key primitives (Data + Interoperability + Identity/compliance + verifiable off-chain orchestration) into full end-to-end solutions like no other platform can, puts the Chainlink platform/ecosystem in a unique place to be adopted by this new and growing market.

This is now becoming increasingly clear in practice through Chainlink's adoption in various parts of the capital markets; from collateral management with some of the most recent examples being...

DTCC using CRE and Data for their production plans; https://t.co/IiXXFfUwJu + https://t.co/sHe6QvquYR

Data providers like SGX using DataLink for key data; https://t.co/P7uPeOzliY

Top asset managers like State Street; https://t.co/Jh08KBnCvN and Fidelity International; https://t.co/06noNUEbEt, being powered by Chainlink on the backend.

The above are just a small number of recent examples, with many more being worked on all across the TradFi ecosystem, from payments, to tokenized equities, to tokenized funds; all of these on-chain finance use cases need multiple Chainlink components working together.

I can't wait for the next stage, where the leading DeFi applications and the top TradFi institutions start interoperating through their use of shared on-chain standards, interoperability connections and data/identity oracles, all of which are being provided by Chainlink, together with existing infrastructures. Solving each of these market's individual problems is already exciting, but helping them merge into the new global financial system is something that I and many others in our ecosystem have been working towards for a while.

If the above sounds like something worth spending many late nights on, and you can see the future I am talking about, this is the best time to join a top team like Chainlink Labs... if you're the best of the best, excited about the future of the blockchain industry, DeFi, TradFi and building the future of the new global financial system, we are excited to work together with you: https://t.co/zhTgEzBUm0.

[DTCC @The_DTCC]

Tokenized collateral has the potential to unlock significant capital and reshape liquidity management. The question is how markets get there.

Our latest white paper, Collateral Infrastructure for Tokenized Capital Markets, outlines the business case for adoption. The path forward is the focus of Part 2 of our series on the Great Global Collateral Experiment, where Joe Spiro and Thomas Sullivan return to discuss DTCC's Collateral AppChain and the infrastructure designed to support the next phase of collateral management.

Continue the conversation: https://t.co/DATIGTzod8

[Ric⬡ @_Pirul0]

L I N K I N G

[Chris Barrett @ChrisBarrett]

L I N K
E V E R Y T H I N G

[Ric⬡ @_Pirul0]

The Ticker is $LINK.

[Fishy Catfish @CatfishFishy]

People who underwrite what chains are worth or what they will "win" just entirely ignore the elephants in the room.

There has not been a single post from any crypto pundit, VC, blogger, researcher, podcaster, timeline shitposter that has underwritten a recent chain valuation which incorporates DTCC's Collateral Appchain or Swift's payment chain into for their model and thesis.

DTCC, which settles and clears $4 quadrillion per year for all US capital markets, has their own chain, which is launching Q4 this year, for global collateral markets.

SWIFT, which enables about $5 trillion in payments per day, is also launching their chain this year for cross-border payments.

These are not new, random VC funded L1s trying to solve a "cold-start" problem. They're not looking for random developers nor interested in the 14th forked copy paste of Uniswap. They're not going to be doing an airdrop or paying social media slop merchnats for attention whoring.

These are the largest financial market infrastructure in the world, transitioning their *EXISTING* operations, which are of a size that dwarfs the entire crypto industry by orders of magnitude, simply onchain.

There is, however, a protocol, Chainlink, and a platform, Chainlink Runtime Environment, that is actually going to be used by these permissioned chains in production, so you can actually purchase exposure to this behemoths.

The ticker is $LINK.

[Chris Barrett @ChrisBarrett]

@CoinMarketCap Sergey Nazarov

[Ric⬡ @_Pirul0]

E V E R Y T H I N G

[Chainlink @chainlink]

L I N K E V E R Y T H I N G

[Ric⬡ @_Pirul0]

E V E R Y T H I N G

[Chainlink @chainlink]

Know when to move.

[Ric⬡ @_Pirul0]

And they keep coming.

[Kraken @krakenfx]

Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets.

Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including:

• ISO 27001 and SOC 2 Type 2 certifications
• Secure by default architecture
• 16 independent nodes
• Native rate limits, and more.

Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi.

For kBTC customers, no action is required. More details on the migration process to follow on official Kraken channels.