Following this advice will increase your chance of preserving crypto wealth.
✅ Double-checking addresses
✅ Opening links cautiously
✅ Not screenshotting seed phrases
✅ Using hardware wallets
+ my add:
✅ 🔑🔑🔑 Using hardware wallets with multisigs or using multisig alone
Nothing excites me more than innovations coming out of staked ETH positions in the next 12 months. Some examples:
- Restaking via @eigencloud
- Stablecoin backed by restaked tokens @ionprotocol
These innovations may give birth to the DeFi renaissance.
Unraveling the Future of Ethereum: 1️⃣2️⃣ observations from the Paris ETHcc Week + hot take from the Stakers event
Join me as I delve into my highlights from Paris ETHcc week, where the side events were arguably more important than the main event and define the future of Ethereum.
The amount of development and quality products from the Gnosis ecosystem is astounding, showcasing the impressive innovation and commitment to progress within the crypto landscape:
- Gnosis Chain
- Safe
- Cow Swap
- Gnosis Pay
I am probably missing some other smaller projects.
1/3 Have you ever wondered how to consistently outperform active crypto investors in the long run? Here is how:
✅ Don’t lose assets to hacks and lost Recovery Phrases.
Get a multisig wallet powered by @safe. Sounds simple? This is the biggest threat to your crypto wealth.
1/2 Aggregating compute resources for various Ai applications could be the first non-speculative mass-scale use case for blockchains and crypto.
Cryptoeconomiuc protocols are uniquely positioned to aggregate and redistribute physical infrastructure and digital resources.
1️⃣ 🌐 Unraveling the mystery of Protocol Revenues, Cost & Earnings in Web3!
Misunderstandings abound in Web3 communities when it comes to protocol revenue, cost , earnings & profitability. Let's dive in and clarify these crucial concepts. 🧵
1/ 🌐 The world of passive income seekers is witnessing a shift as Ethereum staking emerges as the digital counterpart of traditional real estate investing. Promising passive income and freedom from the 9-5 grind, this trend redefines wealth-building and financial independence.
‼️Those who think that hardware wallets will magically protect you and MM is bad. No. The issue is NOT with MM, but rather related to how a secret phrase is stored and handled.
Multi-signature wallets like @safe or @GetLinen powered by @safe will provide a stronger protection than a hardware wallet alone.
ETH staking is a native internet bond with a variable interest rate coupon and a growth equity-like risk profile.
✅ Available globally to anyone
✅ Self-custody ETH wealth
✅ Permissionless access
✅ Earn passive income
✅ Be self-sovereign
✅ Retire off grid
1/ 🚀 Since Ethereum introduced staking in Nov 2020, I've been thrilled by the potential for native crypto passive income via ETH staking. Curious about why adding ETH staking to your investment portfolio might be a good idea? Here's a #tweetstorm breaking it down.🧵👇
3/ 💹 As of April 2023, ETH staking yield is ~4.5% annualized = passive income! However, there are no guarantees. No equivalent activity to staking exists in traditional financial markets, presenting a massive opportunity to be at the forefront of the new investment asset class.
1/ ETH staking provides #PassiveIncome along with growth potential. What many don't realize is that no other assets exhibit all these 3 characteristics:
✅ Capital Asset
✅ Consumable Asset
✅ Store of Value Asset
Let's take a closer look 👇
1/2 Horror stories: "Doing research on Multisig wallet after my hardware wallet got compromised. Don't ask me how? Still unknown. I wish I knew about Multisig before. Yes it sucked that I lost 6 figures in crypto due to the hack but I have mixed emotions about it.
ETH staking is boring, but let me tell you, it pays me rewards every day. While staking is lacking excitement of trading, passive income is hard to beat.
ETH staking is new real estate investing. Restaking with @eigencloud will be like leverage real estate buyouts in tradfi.
2/2
4) 💰👆👆 Bonus Rewards to most active community members
5) 20% average weekly growth in deposits to the Compound USDC Liquidity Pool
6) 3,500 Rewards program participants
7) 220 Ambassadors applications - this was our biggest surprise!
Thank you!
https://t.co/C87QHOcFrs
1/2
February Community Upd:
1) 4,200 app downloads in 2 months,~10% average WoW growth
2) 95% of our members never heard of #DeFi and are now using self-custody wallet to make deposits to @compoundfinance using @sendwyre
3) 200 members are private beta testing iOS app (cont⬇️)