basal ganglia

I think about crypto products
🇺🇦

[basal ganglia @basalganglia00]

@StaniKulechov A solution looking for a problem it might create lol 👏👏👏

[Kyle @zeroxkyle]

> Be a crypto investor
> Have lots of cash after the bear market
> Think bear market is over
> Excited to invest again
> Go through all tokens
> Realise tokens still have the same problems of infinite supply, monthly unlocks, no clear equity <> token alignment
> Realise that after 2 years, there are still < 10 investable tokens

[Stani @StaniKulechov]

Unfortunately this proposal doesn't achieve the outcome it tries to achieve and is actually hurtful for Ethereum.

It caps Ethereum staking rewards to 0% when over 50% of supply staked.

What this mean is that Ethereum staking yield becomes unpredictable and even fully uneconomical activity for many, which is a negative factor for any institutional buyer who would considering taking ETH position (instead of other networks with predictable cash flows). This uncertainty has a significant adoption cost.

This also means unpredictable yield for solo stakers who might be even more sensitive on pricing.

For DeFi, with moving to 0% reward, this essentially makes ETH borrowing strategies mostly unviable and killing ETH borrowing and yield use-cases for ETH (only reason to borrow ETH ironically would be to short it). The only way to get ETH yield would be to stake, lock into a time period (instead of instant withdrawals in DeFi) and also have hopium ETH doesn't reach 50% staked of supply.

My concern is also that those who are fine with ETH beta and yield might also sell ETH for other yielding assets such as stables for yield, very common move when rates go down in TradFi, funds flowing from stables to equities but here we will have the other way around. Could be good for DeFi but not for ETH in DeFi.

From my personal take, this just makes ETH less viable as an asset and restricts its potential. I hope this proposal doesn't move fwd, otherwise we see lot of people moving their interest in other networks. There are many who share the same view.

Ethereum should not be punished for its growth.

[basal ganglia @basalganglia00]

@llamaonthebrink will become better at sourcing liquidity in more efficient ways.
can you provide an example of the 'more efficient way'?

[basal ganglia @basalganglia00]

@yesnoyess @DeItaone iran has been supplying shahed-drones technology to russia for the past 3 years, russians destroy residential buidlings and kill people with this technology every night.

[Brian Armstrong @brian_armstrong]

Stablecoin payments are nice to have for humans, but a must have for agents.

[Franklin Templeton Digital Assets @FTDA_US]

https://t.co/YTePOu0fUc

[basal ganglia @basalganglia00]

@eddysolcoin @naiivememe you haven't watched shit

[basal ganglia @basalganglia00]

@everstake_pool feels too long

[basal ganglia @basalganglia00]

@LowBeta Congrats, Zach! It is pretty coherent that you are taking a data-driven approach even to your anniversary post 😃

[Grayscale @Grayscale]

Top 15 onchain apps by protocol revenue: $HYPE, $PUMP, $CAKE, $SKY, $JUP, $AAVE, $AERO, $WLFI, $LDO, $MET, $ETHFI, $LIT, $CARDS, $UNI, $RAY

Some of the top onchain apps by revenue have real cash flows, low overhead, and single-digit multiples, and with the CLARITY Act potentially weeks away, we believe investors are facing an attractive entry point today.

Read more from @LowBeta's latest Stack article here: https://t.co/34NkjZuPJF

[basal ganglia @basalganglia00]

Roses are red milk is sour

[Lookonchain @lookonchain]

Andrew Tate (@Cobratate) has been liquidated 8 times in the past 16 hours.

He got liquidated on a $BTC long, then flipped to a $BTC short and got liquidated again.

His account now has only $14,219 left.

https://t.co/2bAiThkXwS

[basal ganglia @basalganglia00]

@everstake_pool 🎂🎂🎂🎂🎂

[basal ganglia @basalganglia00]

@Levi_Researcher @binji_x where exactly?

[basal ganglia @basalganglia00]

@alive_ I wouldn't rely on Nietzsche in regards to ladies

[basal ganglia @basalganglia00]

@bryan_johnson this is actually funny

[basal ganglia @basalganglia00]

@lookonchain @machibigbrother If stubbornness had a face

[Aylo @alpha_pls]

Crypto getting its final nasty bear market arc before apathy sets in.

The realization that everything is vulnerable (cryptography, smart contracts, VMs etc) to some extent due to how quickly the latest AI models are able to parse and find bugs.

In the short term this makes every investor nervous, no matter what they hold, which is completely understandable, as it’s a race against the bad guys.

But in the long term this will bring hardened security like this industry has never had before.

[basal ganglia @basalganglia00]

at this point ETFs are behaving like retail

[Everstake @everstake_pool]

1/11 Ethereum just crossed a line it has never crossed before.

Over a third of all ETH supply is now staked. But the problem is that the network was never designed for this to happen, and now there's a very real debate about what to do next.

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