fivebinaries

Infrastructure builders.

[fivebinaries @fivebinaries]

We are introducing Nula: Cardano's token streaming protocol.

Please review our proposal - we really need your feedback!

[Nula Stream @nula_stream]

Cardano is missing a foundational DeFi primitive.

Payroll, vesting, DAO grants, structured payouts — today they happen off-chain, through custodians.

Introducing Nula: Cardano's first token streaming protocol. 🧵

[fivebinaries @fivebinaries]

@InputEndorsers Finishing last touches for submission tomorrow. We hope you will like it.

[fivebinaries @fivebinaries]

We are building something exciting and will share the details with you soon.

This is an announcement of an announcement.

[fivebinaries @fivebinaries]

After community feedback we have restructured the coverage, now it sadly sits at 40% only.

[fivebinaries @fivebinaries]

We would like to propose a new Cardano DeFi KPI.

👉 Composability coverage 👈

Right now, it is at 53%, see https://t.co/JFt0kldE4B

DeFi runs on composability, on looping strategies that stack across protocols, on primitives that snap into each other like building blocks.

[Phil 🪏 @phil_uplc]

It hasn’t funded DeFi well. The vast majority of that money has gone into DeFi protocols that never even achieved a mainnet release (no fault of catalyst).

DeFi protocols are responsible for nearly all of the onchain activity on Cardano, and thus all of the transaction fee revenue generated by the treasury.

DeFi makes or breaks a blockchain ecosystem, if you don’t carve out a large enough share of the DeFi market to achieve sustainability then you are toast. We need to win in this market; the acquisition of all other markets depend on it. If you don’t have a sizable portion of the DeFi market, you cannot break into the enterprise market. The only exception to this is Bitcoin and competing with Bitcoin for the store-of-value market is a death sentence.

We don’t have intent / solver markets on mainnet (ie. No cow swap equivalent)

We don’t have liquid restaking / shared security markets (ie. No EigenLayer equivalent)

We don’t have onchain insurance protocols (no nexus mutual)

We don’t have flash-loan services (No AAVE flash loans; makes 99% of automated trading strategies in other ecosystems completely infeasible here)

We don’t have cross-margin perp futures (no GMX)

We have no blockspace supply-chain protocols.

We have no programmable DEX pools (hook contracts)

We have no linked savings accounts (no PoolTogether)

We have no crowdfunding protocols (no juicebox)

We have no token streaming protocols (no superfluid)

We have no composable leverage (no Gearbox)

We have no self-repaying loans (alchemix)

We have a few DEXs and one serious lending protocol, and that’s it. Even if these were the best protocols in the world it wouldn’t matter, because DeFi relies on composability, on cross protocol looping strategies, on the presence of all the other defi primitives which serve as building blocks to facilitate meaningful financial activity. With just a DEX all you can do is swap; the vast majority of financial activity involves more than just trading one asset for another.

[fivebinaries @fivebinaries]

What is the most missing component in Cardano DeFi?

[fivebinaries @fivebinaries]

Reminder to Trezor Suite users that this is the last chance to redelegate to the new pools before considerably loosing your rewards.

[fivebinaries @fivebinaries]

Trezor Suite users has last change to migrate their delegations until the gradual fee increase beings.

[fivebinaries @fivebinaries]

As Trezor Suite transitions to a new provider, we are strongly recommending its users redelegate. Over the next few epochs, we will gradually move the pool to private. If you don’t move your stake, you won’t receive any rewards.

[fivebinaries @fivebinaries]

Cardano delegators play a direct role in safeguarding the network. Regularly review the performance of the pools you delegate to, as rewards are not something delegators are entitled to but serve as compensation for an active role in keeping the network secure and decentralized.

[fivebinaries @fivebinaries]

The future is here.

[Midnight @MidnightNtwrk]

The Midnight Tokenomics Paper is live.

A new chapter begins—designed for sustainability, built for privacy, and engineered for real-world utility.

Explore how Midnight is aligning long-term incentives with a fair, transparent launch and a privacy-first architecture.
https://t.co/caHL37YkJf

[Input Output Group @IOGroup]

Catch the latest episode of Essential #Cardano360 today at 16:30 UTC, featuring @WorldMobileTeam & @fivebinaries. Learn about their contributions to the #Cardano ecosystem and more.

🔔 Hit subscribe: https://t.co/VsFDhINX5j

[fivebinaries @fivebinaries]

Join us tomorrow to learn more about @continuity_to!

[Input Output Group @IOGroup]

Want to stay up to date on all the latest from the #Cardano ecosystem?

Watch Essential #Cardano360 for the definitive guide to what’s happening in the space.

🔖 Thursday, June 29th at 16:30 UTC.
🔔 Subscribe now: https://t.co/I92IHVHtZN

@WorldMobileTeam @fivebinaries @lace_io

[fivebinaries @fivebinaries]

@scheredev https://t.co/kPGrAiUOza

[fivebinaries @fivebinaries]

@jonahkoch @SlingerSamuel @SmaugPool @continuity_to @VEGAS_ADA_Pool @nmkr_io @danny_cryptofay That is great!

But for people that are that tech-savvy or do not want to spend time with it and update it, just holding the $COTO in their wallet is a pretty decent way to back it up.

Furthermore, if you want to become a part of human history, the Arctic plan is pretty sweet.

[fivebinaries @fivebinaries]

@SmaugPool @continuity_to @jonahkoch @VEGAS_ADA_Pool @nmkr_io We have pinned every string that matched an IPFS hash in the Cardano transaction metadata.

[fivebinaries @fivebinaries]

5/5 We believe, this public service announcement affects most of the NFT community and we would kindly ask you to share this information to spread the awareness.

[fivebinaries @fivebinaries]

1/5 Over the past two years, we have been pinning all of the NFS media we have found on the Cardano.

We did it to help bootstrap the amazing NFT community we have right now, which we think was a successful mission, but we need to come up with a sustainable model for the future.

[fivebinaries @fivebinaries]

4/5 Once unpinned, the media representation of the NFT can be garbage collected and if it has no backup pinned, it might be lost forever.

We strongly suggest you get a @continuity_to or reach to your projects to make sure they are providing this backup for you.