We are thrilled to announce our latest client and partner, @PythNetwork!
Pyth uses our APIs to monitor the on-chain liquidity of Solana tokens to ensure that the Pyth Price Feeds are representative of broader market activity.
Introducing the new Kamino
A refreshed brand. Six new products. A platform built for the next generation of assets and institutions moving onchain.
Welcome to the next chapter 🧵
We've reduced our fee model for any collateral on DefiTuna. Where previously we charged 5 basis points (0.05%) we now charge 0.005% during position creation stage🐟
This comes as a preparation for some of the upcoming features will be released very soon!
Some personal news:
Today, I managed to score a "Times Square hat trick" and got on a billboard for the third time in my life.
1️⃣ Sept 2021, startup went public.
2️⃣ Oct 2021, @MagicEden featured @peskypenguins at NFT NYC.
3️⃣ Today, as a director for a SPAC.
Thank you to everyone in my life for your support. I'm extremely grateful and counting my blessings every day. 🙏
Love you guys!
Debanking is real.
@realDonaldTrump, @elonmusk, @VivekGRamaswamy and @DOGE , I urge you to look at the data and stop extrajudicial efforts to curtail the crypto industry through debanking.
TLDR:
-There is direct evidence that during the current @POTUS administration, the gov. has used extrajudicial influence to pressure banks to stop offering services to people who work in crypto.
-All available data would indicate that Silvergate Bank was solvent when it was seized by the US gov, which wiped out more than $4B from its shareholders.
-Banking regulations are supposed to stop bad actors, but AML laws are ineffective, catching only 0.1% of fraud.
-AML regs cost banks over $270B per year. These costs are borne by bank depositors.
-less than $35B of blockchain transactions in 2023 were from illicit actors. Comparatively, banks launder more than $3T yearly. Crypto is not the problem.
-Banks in the USA should embrace blockchain and smart accounts to fight corruption and identify actual bad actors.
The ticker is $STREAM.
$STREAM will power the Streamflow ecosystem, align incentives, and bring Streamflow v2 to life.
Streamflow is playing, and will continue to play, a crucial role as Digital Asset Management Infrastructure for token creation, distribution, and incentive alignment throughout the token lifecycle.
The mission of Streamflow (and the $STREAM token itself) is to exponentially grow on-chain economies and communities.
We want to fight the bad actors and give great products to good actors so they can drive mainstream crypto adoption!
Along this path, we aim to stay “in the trenches,” close to the market and our users, nimble and experimenting.
Some of the products are known and part of the Roadmap https://t.co/Vw0CA14IH3, while some of the future products are unknown, and we hope to find them together.
Why Token?
Streamflow comprehensive product suite—vesting, staking, airdrops, token locks, and now permissionless staking— with over $1B in TVL at the time of writing, processed over $700M+ in Volume, served over 1 Million and 6000+ token projects and is accelerating!
For a platform processing assets of this large scale, it’s essential to gradually, progressively decentralize, to involve participants on a larger scale and (through the process of crypto-alchemy 🧪🧑🔬) turn users and community into active contributors.
How? By aligning incentives for everyone in the STREAM ecosystem.
Developers, clients, partners, users, and community: WE grow the ecosystem TOGETHER.
This becomes OUR common roadmap. 🫂
The team of initial contributors will keep spearheading the efforts, but the next stage of growth and success of Streamflow needs you! 🫵
That’s why we need a token: it is a superb way to achieve social coordination.
When it comes to the distribution, we wanted to keep things very simple, community-friendly, and memorable.
So the usual pie chart became Pacman.
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Introducing
70/30 Tokenomics (i.e. Pacman-omics)
70% for Ecosystem & Community growth
30% for initial contributors and private investors
Let's break it down:
Team & Investors (30%)
Team (15%)
15% of the supply has been allocated to the initial team of contributors, who have been building Streamflow for 3.5 years and will spearhead the progress for many years to come.
Initial contributors will have a minimum of 1-year lockup after the TGE, followed by 2 years of daily linear unlocks.
Early backers (15%)
Streamflow has allocated 15% of the supply to early backers, who have the same terms as the team.
Most of them supported Streamflow 3 years ago and will have an additional 1-year lockup after the TGE, followed by 2 years of daily linear unlocks.
Which, in total, makes it 7 years (!) to receive all the tokens. 🤯
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Ecosystem & Community Growth (70%)
Ecosystem Growth (25%)
25% of the supply has been allocated to the Ecosystem Growth, which acts as a strategic token reserve to be used by the Streamflow Foundation to grow the Streamflow ecosystem.
Streamflow Foundation is a separate, non-profit entity whose main purpose is to grow the adoption of STREAM and Streamflow protocol(s).
This allocation starts with 0 tokens at TGE and will have 3 years of daily unlocks.
Launch Liquidity (10%)
Up to (!) 10% will be used to provide a smooth, liquid launch, both on-chain and off-chain, including launch-related marketing campaigns and a launchpad 👀
We expect that this amount will actually be much lower in reality (closer to 4%) and whatever is unused will be used and returned to the Foundation for Ecosystem Growth.
Initial Airdrop (10%)
10% of the supply has been allocated as retroactive rewards for users of Streamflow and community contributors.
We want long-term alignment and to separate weak hands from strong hands from Day 1; that's why:
20% of this allocation will be available for claiming at TGE.
An additional (up to) 80% of this allocation will be dynamically distributed to recipients who claim and stake their initial 20%.
Eligibility checker, terms and criteria, as well as further clarification are coming in the next few days.
Follow this account and turn on notifications if you don't want to miss it.
Community Growth (25%)
Apart from the Initial Airdrop, an additional 25% of the total supply is dedicated to growing the STREAM community in years to come.
The community reserve will be set aside and used strategically and exclusively to "grow the pie" via community campaigns.
Some of the examples are (potential) additional retroactive rewards, active staking rewards, grants, etc.
Ultimately, the stakers of STREAM will be able to put up proposals, express opinions, engage, and vote on what to do with these tokens, all through our upcoming staking and voting platform.
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Streamflow has been delivering value for years and plans to continue alongside the community contributors for years to come.
Let’s build a protocol and community that truly makes an impact in crypto.
And remember: The TGE is not the finish line—it’s just the beginning of the next chapter, which we write together!
Turn on your notifications 🔔 to stay informed about the dynamic vesting, launch partners, and eligibility checker in the upcoming days!
What are your thoughts? Give feedback and ask questions in replies 👇
The Stablecoin Era
Our new Squads Research report explores how stablecoins disrupt traditional payment networks for cross-border transactions and payment interoperability.
Read the full report ↓
Anchoring Economies: The Role of Stablecoins in Emerging Markets
Our inaugural Squads Research report explores how stablecoins are transforming financial access and economic development across emerging markets.
Read the full report ↓
@0xSerJaMad@_gammafi Lol we are not a ChatGPT wrapper in the slightest. We provide data on financial markets in web3, and build products on top of our data lake.