august

[august @augustisdoing]

https://t.co/XJgBB19zVV

[august @augustisdoing]

@mattdreams @datafdn @SuiNetwork @Data_Ecosystem @devrelius this is a great vid, would steal this video style
it's awesome

[Matt🏌️ @mattdreams]

your art is training ai. who's paying you for it??

i’ve made a 5 minute explainer on @datafdn moving to @SuiNetwork, narrated by me

0:00 meet Matt, an artist whose work gets copied
0:35 the bakery problem: who gets credit?
1:10 AI learning from work nobody paid for
1:45 a fair bakery with consent and receipts
2:20 Trace and DATA by the numbers
2:55 why Sui: Walrus, Seal and Nautilus
3:30 one stack, and the 1:1 token move
4:05 the whole picture
4:40 where's the receipt?

#DATAonSuiQuest

[august @augustisdoing]

@STOXPREPS okay

[august @augustisdoing]

@STOXPREPS would revert error

[august @augustisdoing]

@MINHxDYNASTY good shit based off a manhwa I believe

[august @augustisdoing]

@DidiTrading was awesome

[august @augustisdoing]

@MINHxDYNASTY go watch tougen anki, not top tier imo but decent

[august @augustisdoing]

@MINHxDYNASTY feels like I began trading at the wrong time, right now the amount of bundles, rugs, shilling on fomo/pump to sell off side wallets is mind blowing

[Taiki Maeda @TaikiMaeda2]

Interview with @SoskaKyle to discuss the generational HYPE trade, what it's like trading with @ThinkingUSD, and how to make it this cycle.

0:00 Bull or Bear Market?
2:49 Kyle’s Journey into Crypto
8:44 “Would You Be Right or Make Money?”
15:52 Teaming up with Flood
21:01 The Famous $HYPE Trade
36:02 Bitcoin and the Quantum Problem
43:20 $ZEC vs $BTC
46:30 Selling All Their $ETH
52:53 Crypto’s Real PMF
1:00:05 Are Great Traders Born or Made?
1:11:11 Memorable Trade (A Painful One)
1:21:39 Cycle Skip Theory vs 4 Year Cycle
1:26:50 Midcurve Traps & Onchain Metas
1:31:40 Hardest Lessons & How to Make It
1:37:55 Managing Tilt & the Art of Selling
1:49:02 Regrets and Final Words of Wisdom

[august @augustisdoing]

@AzFlin I rather be useless and rich than useful and crying about the useless rich

[۟ @MINHxDYNASTY]

i want to give $1,000 to a trader on fomo who’s ready to fully lock in and run it up this cycle

$1k → $1m+ energy

continuing the fomo tradition of “1% to the trenches”

once you cross $100k on the app, you pass some down to someone trying to make that same climb

to enter:

tell me the top 7 rules you’re going to live by on your path to win

that’s it

i believe in you

we were at $350k in the app a few days ago. right now we’re at $116k in app + $100k secured in the bank
great progress toward the house

ill pick a winner in 12 hours, good luck!

[august @augustisdoing]

@ThinkingUSD would be really welcome

[august @augustisdoing]

@chjokka can have both, can't we?

[august @augustisdoing]

@StarPlatinum_ I am

[august @augustisdoing]

@StudioBellini @opensea puffy

[Marcela Bellini @StudioBellini]

The Seven Houses WL IS OPEN 🎈

7,777 Icons
7 Houses
35 Families
Minting September 2 on @opensea

To enter:

→ Follow @StudioBellini
→ Like + repost
→ Reply “puffy” or your favorite house
→ Submit your ETH wallet ↓
https://t.co/NFqJthe7XW

[august @augustisdoing]

@manyaaww @biwlsxyz 0xa4d4be29b9c69e4048a0753cc3122ca2c8dce47b

[august @augustisdoing]

UNDER THE HOOD #1.5: NetNet Turbo

this article definitely deserves an extension, after @NetNetCap announced TURBO

if you're conversant with traditional banking and finance you may have heard of Turbo Certificates, well this is that onchain

¶ The What?
In simple terms, TURBO allows you to hold leveraged positions as tokens (cards or knock-out notes) that you own in your wallet.

Normally when you trade stocks with leverage on a DEX or CEX your position is locked on the platform and you can only open or close it there.

NetNet turns these leveraged positions into onchain assets you can hold, transfer, gift, sell etc.

¶ How it Works
There are two kinds of TURBO cards:
- CALL (stock go up) and
- PUT (stock go down)

Each card has:
- a specific stock (AAPL, NVDA etc),
- a leverage
- a knock-out price (basically liquidation)

the current design is a leverage of 25x and knockout prices of 4%

Here's how it works in practice
- if you mint a TSLA call card (i.e you think TSLA will pump),
- if tesla pumps from $336 you are in profits which you can cash out at any time,
- if tesla dumps by 4% to $322 you get liquidated and your card becomes a dead card worth $0

¶ The Money Mechanism
Cards are only created when somebody buys them.

when you buy a CALL Card,
- the protocol reserves 25x the value of the card's stock (for now APPL or NVDA)
- and when you cash out, you get paid in the stock

when you buy a PUT Card,
- the protocol reserves 26x the card's value in USDG,
- and when you cash out, you get paid in USDG

¶ Fees
Fees = revenue, and this is how the fees and split works

- Purchase fees of 5%, half of that goes to the protocol's treasury RWA-sleeve, half as revenue

- Purchase and Sales has a 1% markup and markdown, which go towards the Call and Put pots

- Performance fees of 5% (i.e fees when you cash out in profit), half to RWA-sleeve, half as revenue

An important note for existing $NET holders. Turbo operations are not covered by the treasury, so the NAV won't be affected by Turbo operations directly.
But of course, the success of Turbo = protocol success and definitely token success.

Summarily, TURBO allows you to hold leveraged positions as tokens. You can do whatever you want with them, buy, sell, use as rewards in games etc.

(🥅,🥅)

[august @augustisdoing]

@mztacat as far as there's money to be made there's money to be made