trading & crypto options are my own and are not financial advice nor represent the views of any projects or companies I advise, contribute to, or invest in
1/ Sei Creator Fund Round #2 - $250,000 for Creators!
Round #2 of the Sei Creator Fund is live! With a focus on Creative Media and IP Development, $250,000 USD is up for grabs to support your projects.
Get all the details below! 👇
2/ Sei Creator Fund Overview:
The Sei Creator Fund, a $10 million initiative, launched its first round on June 4th, 2024, marking a major milestone in nurturing the Sei ecosystem.
In The Kickoff Round, a $250,000 matching pool supported 63 projects, with 2,707 unique voters participating. The overwhelming response demonstrated strong community engagement and set the stage for future rounds.
https://t.co/GT1C5ytgrG
3/ Round #2 Details:
Topic: Creative Media and IP Development
Focus Areas and Eligibility Criteria:
🔴 IRL Video Content: Videos, vlogs, live streams
🔴 Podcast Hosting: Twitter Spaces, YouTube
🔴 Video + Animations: Informative content, entertainment
🔴 Storytelling: Lore and IP around Sei
4/ Important Notes:
🔴 Must be new content series and media
🔴 Referral Bonus: 3,000 $SEI if the referee places in the top 10
🔴 GAP milestone tracking required
5/ Application Details:
🔴 Applications go live at noon EST on Wednesday, July 31st.
🔴 Applications close at noon EST on Monday, August 5th.
🔴 Voting and donations will open shortly after on the Gitcoin Platform.
Visit the Sei’s Gitcoin dashboard here:
https://t.co/9H4z42pask
6/ How to Apply:
1. Create a Profile: Sign up on Gitcoin Builder if you do not already have one.
2. Apply on Gitcoin’s Grants Stack: Follow the application guide provided.
How to Vote:
1. Review Applications: When donations open at noon EST on July 31st, review live applications as they come in at Gitcoin Explorer.
2. Donate to Grantees: Donate to the grantees of your choice (add to cart -> check out with allocating $SEI). Follow the donation guide provided.
(Note: Gitcoin pools small donations as votes and matches them with the $250K central fund from the SEI Foundation.)
7/ Learn More!
Twitter Space: Join us Thursday at 1 PM EST to learn about the Sei Creator Fund and Gitcoin's Quadratic Funding: https://t.co/x6iBhalhKm
Blog: Get all the details on how to get started: https://t.co/9C4qxeGa5l
Questions? Join our dedicated Telegram Group: https://t.co/y1qDYd04pm
Darling large caps may be nuking lately but what people don't realize is the capital rotation to lagging small caps. This is the effect of rate cut price in. Wall st bros are just as degen and are taking profit to get ready to play the real shitters. Probably good for crypto.
For those wondering what's the market psychology behind this rate cut effect:
-Increased risk appetite (large caps tend to be safer)
-Economic stimulation of growth which small caps have more upside in
-History shows small caps tend to outperform large caps during early stages of economic stimulus/recovery
-Borrowing becomes cheaper which makes it more accessible to small cap companies (allowing them to grow) vs large caps who have more sustainable cashflow
Have you noticed that there has been a significant reduction of people yelling 'Buy The Fucking Dip' this run each time we pullback? The once omnipresent BTFD battle cry on Twitter has become rarer than a profitable memecoin. However, this is a microcosm representation as a good proxy into the market psychology and game theory of this current cycle.
BTFD was a core psychological crutch for traders (aka copium, hopium, etc). The Kuznetsov financial networking equation Confidence=Correspondences^2/Market Volatility used to hold true. More tweets meant more confidence, lessening the fear of market drops. But lately, this rallying cry has lost its mojo. Repetition has dulled its impact (in statistical marketing that's Impact=1/Repetitions), and traders have grown skeptical, realizing not every dip is a golden opportunity. Plus, the constant flood of information (Info=∑ Sources) has left everyone paralyzed, unsure of what advice to follow.
From a game theory angle, "Buy the Dip" worked when everyone believed in it (Nash Equilibrium=Consensus Belief). But as more people joined the game, the equilibrium shifted. The idea that simple tweets could influence the market started to feel like a joke, and trust in those messages dwindled. We can model this with Trust=1/(Content Quality × Participants) as a reason for no longer buying which subsequently draws the conclusion that you're just being a fucking pussy who won't smash bids.
#Graviters, the moment we've all been waiting for is here.
Open Beta Testnet will officially launch on August 5!
To celebrate, we'll be giving away 2.4m $ZK tokens to the first 30,000 early testers.
Simply verify your account to win and make your first trade to claim!
1st of all, the woke part of the ceremony was a tiny fraction of a 3 hour event get over it
2nd of all, France promotes freedom of expression & provocativeness
3rd of all, holy shit that was gay af to project yourself this way in a world event
Also isn’t Celine Dion Canadian
As part of our acquisition by SEIYAN, we have officially rebranded to SAGA. This will soon result in a 1:1 airdrop for a new EVM version of artwork.
Deadline is Aug 2 to delist on @Pallet_Exchange & link sei v1 address to v2.
Exciting things are coming: https://t.co/PCFMUYf0z3
Long form thread time.
$SEI has gotten a bunch of hate in the past few months, at times frustrating even myself, but this phase has passed. I remain a loyal $SEI holder and builder. And I can tell you I am feeling incredibly bullish going into August for @SeiNetwork.
Here's alpha -- there's a ton of stuff being built and architected at the moment, often not always easily visible. I had doubts for some period of time, which I always try to follow through with vetting and DD. I can attest that Sei is indeed spending their liquidity incentives and are about to crank up the ecosystem in the most intricate, intertwined, and interesting ways. They've moved some people around in the team and staff-responsibility fit has gotten incredibly more optimal. There's some serious stuff coming.
"But what's so different about Sei?" people ask. Sure everyone can claim "fast chain gud tech" but one of the most undervalued and underappreciated value propositions is their massively unspent foundation warchest (which again they are currently orchestrating now) for defi PLUS memecoins. Memecoins are mostly 1:1 flow on legacy chains atm, including Solana to an extent. Warchests have been spent, mostly in 2021 -- in other words, degem yields have mostly evaporated. Degen yields by capturing capital (which memecoins currently are bad at on other chains) and liquidity engineering is critical for exponentially growing a network.
Contrast this to Sei now. It is one of, if not the only EVM compatible chain to enable speculative memecoin trading WITH defi mechanics. People are bored of defi because yield have mostly evaporated in favor of memecoin lottery tickets. But can you imagine the craziness when said lottery tickets combine with the defi madness of 2021 again? People will begin to realize this and flock to Sei, and this makes early participants reap the most rewards. There's already a big amount of TVL that bridged over to farm @YeiFinance, ready to then deploy into the rest of the eco as degen stuff come online (thereby already removing alot of the bridging friction).
As for concerns about team unlocks, I always say bullish unlocks help condition strong holders. Seasons VCs and market makers know this. Furthermore, if you are a team member knowing what's being built and that there is a massive ecosystem coming together, there is 0 reason to undersell your bags. I can tell you the core team of Sei (as well as @seiyantoken9000) has incredible conviction in the upcoming ecosystem.
Bet harder not on just the charts, but on game theory.
Of course, DYOR, NFA, yada yada yada.
PS If you are also a very good EVM dev capable of delivering quickly, hit me up, and I can refer you to some Sei chads.
Introducing the Ethena reward-bearing asset proposals, with entities pitching for an allocation from Ethena's liquid cash backing
One of the early applications is from Securitize, the distributors of @BlackRock's BUIDL, for an allocation from Ethena's Reserve Fund
Details below