25% yield on your margin balance.
srUSD is yield-bearing collateral that pays directly to your margin.
Keep your capital efficient.
Earn while you wait. Trade when it's time.
Honouring the Voltz community
As we prepare for $REYA, we’re recognising one of the early pioneers of onchain finance: Voltz, and the community that helped move DeFi forward. 🧵
Honouring the Voltz community
As we prepare for $REYA, we’re recognising one of the early pioneers of onchain finance: Voltz, and the community that helped move DeFi forward. 🧵
When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.
I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.
If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.
If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.
While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.
In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.
I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.
Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.
The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.
In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.
In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.
Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.
Almost time for the Badger Brawl,
Answer the call or miss it all.
Waitlist’s live, don’t wait too long,
24 hours — then it’s gone.
https://t.co/0jezGSibYf
220k txs sent
82k block height reached
15k+ nodes consistently online since Public Testnet launch
50k+ operators have claimed roles in Discord
1M+ page views on the Aztec Playground since launch
Nodes running across 6 continents
Drop a 🪿 if you've been here since day one.
This weeks Always. Be. Shipping update comes courtesy of community mod @Maho1284979
Join the Reya community for the latest updates: https://t.co/Ip89LaKghm
To interoperate, L2s need to communicate.
Today, the most secure way for L2s to do this is pass messages via the Ethereum L1—but that takes 15+ min & costs $$
For interop to work well, L2s need to swap messages in seconds.
Let's explore how we can make this possible. 🧵👇
Dobby enthusiasts, the time is now.
We had 661,494 pre-registrations, and we want to give 𝐘𝐎𝐔 participants early access to a fingerprint and ownership claim in Dobby.
Prove your intelligence.
Claim your ownership.
https://t.co/y2o1MGywYt
https://t.co/P9gm6reWyg
The DeFi Training Grounds are open! ✨
It’s time to prove your skills, ascend to a DeFi Wizard, and potentially win ETH.
Ready to start your training? Your journey begins now! 🧙♂️🧙
Head to https://t.co/QI1JOmZRgg and select your first challenge.
🎅 LPs - ‘tis the season for Deposit Boosts!
💊 @Elixir Potions + 8x LP Boost await early stakers ⏳
💰 10-40% APY, delivered by trading giants @SeliniCapital & @ambergroup_io
Stake on Reya DEX now & let Goliath secure your bag
👉 https://t.co/Swier36g4P
1/ Aztec wants you 🫵
Applications for the Sequencer & Prover Testnet are now open.
This permissioned testnet is a crucial next step and fuels our mission of reaching a fully decentralized L2.