.@DriftProtocol are honestly some of the biggest shitbags in crypto and no one should ever trade on their exchange ever again. Raise 53m, spend it on the most retardedly expensive and useless bd and promotion. somehow only have 3.8m left in protocol funds (read: user deposited funds, not company funds) to fund a pool for 300m in debt they created themselves by being negligent on security (which they never admit to). Create a recovery pool which they know will never make users whole with a recovery mechanism that forces users neededing liquidty to sell their claims at fractions of pennies on the dollar.
at the end of the the day the founders sit on 53m raised and well more offloaded in 25% of the allocated supply of drift to team. Funds mainly used to pay salaries to team or to aquire users that lost all their money. Going forward none of the remaining funds go to making users whole, instead they will continue to spend in a futile attempt to run a dead business and when everything finally ends the founders will walk away well compensated while the users will hold near worthless recovery rights to a pool of funds built by their trading fees
I wanted to give a shout out to @DeFiCarrot - this is how marketing in this space should be done. Not the shameless blasting of some ticker on someone's feed, but by real engagement and the offer to help.
Yesterday I posted the current places I earn yield on my stables on @solana
The community engaged and asked me if I've heard of this or that protocol, some of which I hadn't been aware of. I believe it was a @solflare ambassador/employee who mentioned @DeFiCarrot
I then went on to show my audience how I pre-screen most protocols and used @DeFiCarrot as an example.
Multiple team members at @DeFiCarrot started engaging with the post, but not in a pushy "come buy my thing" way. Simply an offer - "hey we're here if you have any questions" - offering themselves as an educational resource.
This is the right way to promote your project. By offering the one thing the crypto community needs the most of.
Onboarding.
And because of that willingness to engage their community and offer onboarding - not pushy marketing - they've been rewarded. Happy to say today I aped in and deposited 7 figures into their protocol. Let them be an example of how web3 marketing should be.
@graildoteth@MeteoraAG What a silly take. Stick to topics you understand and stop spreading misinformation. The issue was resolved in two hours (I know because my money was stuck too). It's never as simple as enabling/disabling a button—spoken like a true idiot.
https://t.co/HeOURVquF8 is now live. Huge shoutout to the team & community working to build net new experiences that celebrate crypto culture.
A couple thoughts on launch day...
1) What a badass team. @cupcakeprotocol has been a major player in Solana since 2022, and it's 1000% because of absolute legends: @solanasteve_ , @whoiswhish@nilz3ro, @defi_deb, @0xColdd, @baalazamon, and @redacted_j. Proud to work alongside these folks as we build the new 2024 version of Cupcake
2) Crypto needs more fun, shareable social experiences. Right now, if my crypto-curious friends hit me up, all I can show them is a list of shady meme tickers and some candlestick charts. Their eyes go cross-eyed, and I lose them. Cupcake is building something you aren't afraid to share with your curious friends, and they aren't afraid to try it.
3) We are the wreath on the front door of Solana: a fun entry point for new users to understand and engage with crypto culture while learning about what to do next. Shout out to our launch partners @cubexch, @solcasino, @Moutai_Sol, @bonk_inu, @niftyportal, @BoDoggosNFT, @TipLinkOfficial for buying into the ecosystem vision and helping us prove the model
4) Get in our discord and tell us what you like. There will be new games every week, and you'll notice a constant stream of new features (and new reward mechanics). We are building this thing with the community and have built our foundation to be extremely flexible as we scale. LET'S BUILD THIS THING TOGETHER
4) LET'S HAVE FUN!!!!!!!
Launch is 1 Day Away🚀
We are excited to welcome everyone to Cupcake's new BETA. Are you ready to...
🃏Play Games
🪙Collect Points
🧁Win NFTs
🎉Celebrate Crypto Culture
The next month is going to be fun.
Play-collect-win and be ready for some surprises👀
Emails go out tonight.
If you made the cut, you'll know soon.
If you didn't make the cut, it's not too late, follow the instructions.
Either way, good luck.
First 1,000 to join make the cut
Like, retweet, comment for bonus points 👈
Make sure you check your email right after completion!
Good luck.
https://t.co/pU1t9VwKhP
Things are heating up for us. We have some major announcements and exciting changes being made to the product behind the scenes.
Before we let you guys in on the alpha, we wanted to highlight some of our biggest accomplishments and activations over the last couple years that were only possible because of you all!!
/🧵
❤️
How many products in this space do you wait to show off to your kids?
The answer is, not enough.
It’s not just about money.
Web3 can be fun.
Packs are fun.
Boots is fun.
🥾