defi-gene

cryptomaniac

[尾黒 茶太郎 @chatarou_3]

@s_ss_123_ @CarenSetsuyaku 毎回、同じ金額を拠出してやり続ければ増えます
1回目100万円→60万円
2回目100万円→150万円

合計
200万円→210万円

ほらね

[defi-gene @defi_gene]

@AlexMasonCrypto Let's go Sir!

[Erik Voorhees @ErikVoorhees]

I would not have predicted a bunch of Bitcoiners becoming protectionists because a politician told them it would help the economy

[defi-gene @defi_gene]

Good take. Listen to this quack quack.

[DonAlt @DonAlt]

BTC is stronger than expected in large part due to the S&P relentlessly crushing it

Alts are weaker than expected in large parts due to people just getting giga-crushed trading dogshit while new participants seem largely uninterested

BTC needs to go up for alts to survive this

[Erik Voorhees @ErikVoorhees]

The number of services that now say, "Not available to residents of North Korea, Cuba, Iran, and United States of America" is proof that America is on the road to prosperity and greatness.

[defi-gene @defi_gene]

Unpopular opinion: SBF lands a 25-year stay at Club Fed, in a groundbreaking case where victims make a profit. Who knew Chapter 11 could double as a surprise investment strategy? #SBF

[defi-gene @defi_gene]

@0xVirtualBacon SCAM ALERT

Dude, what's going on with the funky url? Isn't https://t.co/Dh7jUVFFgS the one? Are you scamming ppl by redeploying the UI and later on pulling funds?

[defi-gene @defi_gene]

@0xVirtualBacon @AnnetteT69 @zksync @syncswap @0xVirtualBacon wtf dude? That's not syncswap's url. R u scamming ppl now? https://t.co/Dh7jUVFFgS

[Miles Deutscher @milesdeutscher]

My feed this week has been inundated with people flexing 100xs, $50,000 airdrops and million dollar trades.

If it feels like everyone is making it, EXCEPT you - they're not. This is survivorship bias at work.

The only benchmark that matters is yourself.

[defi-gene @defi_gene]

@milesdeutscher This 🔝
Ignore the noise, focus on you!
Well said, Miles!

[defi-gene @defi_gene]

@ErikVoorhees Fml. Never would've guessed *this one* is going to be perceived as controversial. Go, Erik, Go!

[Arhat @0xArhat]

Arbitraging the DeFi Wild West for 6000 ETH (~$11M) at @JPEGd_69

Another Flash Loan + Arbitrage Exploit.

Let me walk you through this (Refer to the image below):

-- The exploiter took an 80,000 $WETH flash loan from @Balancer.
-- They provided 32,431 WETH as liquidity to Curve and received pETH-ETH LP tokens.
-- More WETH was provided to Curve, minting 82,182 more LP tokens.
-- 3,740 pETH was withdrawn by removing some Curve liquidity.
-- The initial 32,431 Curve LP tokens were burned to remove that liquidity.
-- Another 1,184 pETH was withdrawn by burning more Curve LP tokens.
-- The exploiter then exploited the price difference between $pETH and $WETH on the JPEG'd protocol.
-- 4,924 pETH was swapped for 4,285 WETH using JPEG'd's exchange.
-- 80,000 WETH repaid to Balancer to return the flash loan.
-- Subsequently, 6,106 WETH ~$11 million was retained as profit.

[Bruno Skvorc @bitfalls]

One of the most common questions a crypto project gets from the wenboiz is "wen marketing".

This can be translated into its actual meaning: "wen influencer shill this to pump my bags?"

Look, if you are convinced influencer marketing works, please feel free to pay your local flavor of garyvee/bitboy to pump your bags.

If you are right, your bags should automatically make up any cost, and then some.

We, the builders whose job it is not to make pump-chasers rich, will appreciate both the silence in the chat and your proactivity 👍

[polarzero @0xpolarzero]

A few repositories where you can read audit reports from the top security firms / solo auditors.

Just in a random order, from the resources I could gather in the past few weeks for my learning roadmap.

↓

[Stacy Muur @stacy_muur]

"You will lose if you choose crypto."

Those were the words my mom said to me back in 2016 when I turned down a job offer from the Swedish embassy to intern with a Web3 startup.

Even today, there are voices echoing the end of Web3.
For those who have doubts, I have a story.

Lesson #1.

In 2016, I jumped into the crypto world as a marketing intern.

My first project turned out to be an exit scam—a lesson learned in my youthful naivety.

Lesson #2.

But then came my second project, a stunning success that raised a mind-blowing amount of money in 2017. As a contributor, I received tokens worth a whopping $120,000.

The high of wealth was short-lived.

I lost a fortune during my first bear market.
Impulsive trading and investments also cost me dearly.
$120,000 turned $20,000 in less than a year.

It was the second lesson learned in my youthful naivety.

Lesson #3.

I decided to pursue a career in marketing within the Web3 industry.

Out of hundreds of job offers I received, more than half were pure scams.

Out of a dozen of startups I joined, only a couple achieved any level of success.

Here's the third lesson I learned: No matter how promising a concept may seem, the concept alone is far from the end product, and the end product is far from achieving market fit.

Lesson #4.

In 2018, amidst the bear market, I urged a friend to buy Bitcoin at $3K.

He had zero tech knowledge and worked in an atomic plant for just $800. So guess who did all the work?

Fast forward: He sold at $50K. He bought a flat and changed his job. And I still know the seed phrase from his wallet, which is now empty.

Lesson number four: The opportunity always presents itself to those who never rush.

Lesson #5.

Today, I am hardly a rich bitch who can afford to travel every day and ignore the traditional 9-5 job.

Black swan events always happen.

Though, I am gradually building my portfolio and working on side projects (such as Stacy Muur's Twitter).

I dream of the day when my efforts will finally pay off, and I firmly believe that they will.

Lesson number five: The more attempts you make, the greater your chances of success. This is not only due to the "big numbers rule," but primarily because of the mistakes you make.

Mistakes are valuable.

***

On my Web3 journey, I've crossed paths with many people.

Scamming founders who saw blockchain as a golden ticket.

So-called experts who couldn't explain basic blockchain principles.

Investors only interested in dumping their money.

But I've also encountered others.

Passionate coders who burned the midnight oil to bring their ideas to life.

Dedicated advocates who tirelessly explained complex concepts to newcomers, no matter how long it took.

Fervent evangelists who saw a blockchain-dominated future as the only way forward.

Who were more?

Honestly, I don't know.

But what I do know is that no other industry has the same concentration of adventurous and brilliant minds (both in a positive and negative sense) as Web3.

I'm glad that Stacy, back in 2016, chose to ignore everyone and embrace the risky path of Web3.

I'm proud to be an advocate for Web3.

And I feel privileged to be a river suddenly running uphill.

How about you?

[@bytes032.xyz @bytes032]

The best examples of audit reports in terms of readability and quality I’ve ever seen:

- Spearbit:
https://t.co/xLmEb2Z1Jy

- Paladin:
https://t.co/0S0UPJ9hA6

- ChainSecurity:
https://t.co/ZdtKW5CdEV

- MixBytes:
https://t.co/YAQ6WLhbxR

What others would you add?

[Spearbit @spearbit]

We believe in exceptional compensation for exceptional talent:

Our Weekly Salary Breakdown:

🐣 Junior Security Researcher (JSR)
$3K USDC

🐥 Associate Security Researcher (ASR)
$6.25K USDC

🦅 Security Researcher (SR)
$12.5K USDC

🦉 Lead Security Researcher (LSR)
$20K USDC

[j @JavierAng_]

Looking for a job in Web 3?

A mega compilation of Web 3 job resources & postings

Retweet to help those in need

1/11

[Res @resdegen]

I've lost thousands of USD in crypto due to rugs or exploits. And who hasn't...

This free tool can help you find vulnerabilities in tokens and check out the health of your wallets to be protected

For example, I realized I have $31,010 exposed to risk in this wallet 🧵