🉐 MRJozko

[Crypto🧊house @cryptoicehouse]

1/12🧵

What will happen to $KUJI / $RUJI ?

Also to #RUNE ?

I’m sure many people have the same question as you all know the situation with $RUNE and if you don’t I will explain everything from 0 to 100 in this thread 🧵 and ofc give my opinion & thoughts, so let’s dive in 👇

[/aSENDing @_Tieg]

Wow!

The amazing @TeamKujira have delivered once again!

Kujira v2 is truly a thing of beauty. Everything is under one roof and speed to match 🔥

This experience rivals that of any CEX.

As you can see in the video below, I created a fresh wallet in under a minute using Passkeys and could start interacting with everything Kujira has to offer.

Kujira has shown us once again that they listen to the community and keep building solid, useful products.

The future of $KUJI and its whole ecosystem is very bright 🩷🐋

[Rujira @RujiraNetwork]

🦑 Hand on heart, @krakenfx has always been our favorite exchange as a team (by a country mile).

Today $KUJI got featured on the Kraken website under the listings for consideration roadmap. And it's a short list 📜

We need your help now more than ever 🙏

Please quote retweet this post & tag @krakenfx with your thoughts on why Kujira is a good bet. And be sure to include the $KUJI cashtag.

Big love 🐋💙

[Rujira @RujiraNetwork]

📢 $KUJI stakers, you want to see this one 👇

The Kujira Revenue Converter consolidates all the staking rewards generated by Kujira dApps into either $KUJI or $USK.

In short, all fees on contracts that use $KUJI - liquidating it as collateral, trading it with $USDC etc, will be used to buy back $KUJI & distribute it as a rewards.

Everything else will be sold to $USK & distributed as is.

Right now rewards are being collected from FIN & ORCA, with the rest of the native ecosystem dApps to follow soon.

Bear in mind that some of the processes are running a bit more manually right now as we roll it out, but will eventually all be automated with the Kujira scheduler.

Tech jargon aside, you will get your incentives for helping to secure the chain in $KUJI & $USK entirely as this is fully rolled out.

We missed some of the team distro, apologies, but enjoy the bump that you will see coming over the next few days. Good opportunity to show it off 🐋💙

[BigBadBird @bigbadbird_d]

A little bit about our approach to this whole thing.

Firstly, it's really great that people have created bridges & other clever ways to try & connect blockchains, but beyond this being nice for power-users, it's totally impractical, & only highlights the ever-growing barrier between "crypto bro" activity, & anything even closely resembling a thing that normies could onboard to.

How many times do we see people trying to get funds from X chain to another? Imagine your mom or dad doing this? Even if you are experienced, it's a total shitshow.

Right now people are talking about how it's difficult to onboard to the $KUJI token. That is because of the idea that listing = number go up.

Aside from the fact that listings almost never mean number go up, I'd like to just explain our thinking a bit more.

We have now built a complete set of DeFi rails. You can say what you want about volume, TVL, or whatever other thing floats your boat, but these rails are now built & solid.

Developers are now building solutions on top of these rails, & in numbers. The Kujira ecosystem pays back all revenue to stakers for their work in securing the chain.

The math is simple, more dApps, more economic activity, more revenue. Yes, you can LOL at the APR, you can call us out on any number of things, but it can never break the relationship between economic activity, & the hard-coded nature of the Kujira fee collector.

The idea isn't just to make it easy for your cousin to buy $KUJI so that he can watch number do whatever numbers do. The idea is to ACTUALLY onboard people into a financial ecosystem where they can put their money to work.

That is EXACTLY what Kujira already does, & I'd dare say that you'd be hard pressed to find a single ecosystem anywhere that does as completely.

Yes, you can find higher APRs (spoiler, you are the yield).

Yes, right now you can find a SOL meme that is flying & hope to catch that before it dumps.

There's a lot you can do, & I have no arguments against any of that.

What we are doing at Kujira, is cultivating a financial ecosystem that will ultimately be (fully) available in the palm of your hand via Sonar. Where you simply add funds from your bank (or blockchain eco or whatever), and you can put your funds to work across activities such as lending/borrowing, liquidations, minting stables to put your assets to work, market making pools, funding of startups, and of course many many other activities as all the new protocols ramp up.

The fact that (right now), people would rather gamble on cat memes or whatever, isn't actually of concern to us.

Our job is to try & make DeFi viable. It's a fucking massive job. We don't need to try & be things we're not because someone tells us there's some shiny piece of dogshit somewhere else. We have to stay true to what we're building & to what we believe in.

So, the reason that we try to make Kujira a very complete ecosystem, isn't because we like to build constantly for no reason, it's because we like to build constantly for a very specific reason. No one has managed to actually make DeFi accessible. Not one. We value ourselves as being one set of those soldiers that try to make this a reality.

I'm not talking about putting "AI" or "Catshit" in our bio, & trying to make a number go up. I'm talking about actually building a system that serves people, where everyone is in control of their own money, & all within one ecosystem / chain, because the alternative is a dogshow. Chasing other ecos liquidity is just a shit idea. You only suggest it because it's all you know. It's all you ever hear.

We have had TVL constantly growing, users constantly growing, and use-cases constantly growing.

But still, I get it. Right now, the immediate increase in price is all that people really care about.

You know what though, we'd rather not build our foundations on sand. We'd rather build something that actually supports real users of the network. Because the network IS you. This network is actually a lot closer to the actual dictionary definition than what people think about it in blockchain terms:

"a group or system of interconnected people or things."

Take away the "or things" part, and you have a very complete financial ecosystem of actual PEOPLE. People that don't have to fight to have control over their own money.

------------

And yes, having said all that, we are still working on the CEX thing. I will do a spaces with someone soon so at least the people in here with any human emotion can understand this process from our perspective.

And lastly, yes, I get it. "Fuck off Dove, make price go higher, you're a very shit 'CEO', & get with the narrative" (whatever that might be this week).

Thanks for listening 💙

[🉐 MRJozko @gotocashier]

👀

[Rujira @RujiraNetwork]

GM good people ☀️

We've put together a bit of a roadmap on our docs. We will go through and add some dates where possible, but wanted to share for now. See the docs link in the next thread 👇

CORE/MODULE | IMPROVEMENT
Staking | Revenue Converter
Staking | Batch claim
Oracle | 6x speed upgrade
Database | Chain speed ++

FOR DEVS:
Pond - upgrades
cw-ica | ICA/ICQ for cosmwasm
Kujira-ex | Expansion

CORE NEW FEATURES:
DAPP | TYPE
👁️ | Perpetuals
FIN | Oracle Orders
FIN | Margin Trading
BOW | Oracle Order MM vaults
GHOST/USK | Transferable Debt
Sonar | Seedless wallets
Sonar | KYC-less deposits
Sonar | DAODAO integration
Unstake | Unstake Stride LSDs
Unstake | Unstake Osmo LP
Unstake | Analytics
Unstake | Dashboard

NEW PROTOCOLS:
Gojira | NFT-market
KNS | dDNS
NAMI | Yield
Quark-SRL | Self Repaying Loans
Airdrops | Tool
Yield Harbour | Options Trading
Plankton | Raffles & GIveaways
KujiraIndex | KJI-Index

PROTOCOL IMPROVEMENTS:
MANTA-swap | Multi-route swaps
MANTA-swap | CALC integration
MANTA-dao | DAODAO integratio
MANTA-fi | V2 Analytics
Quark | Interchain Asset Support
Plasma | UI + new features
Aqualibre | AQLA-staking
Wink | WINK-staking

AIRDROPS / LOCKDROPS:
CACAO | $YUM
Eris | $ERIS

PILOT LAUNCHES:
NAMI | $NAMI
CACAO | $YUM

[Patajoni 🦐 @patajoni]

🧵Why you should buy $SHRIMP by @ShrimpClubNFT on Solana (https://t.co/Hv0Qcl3vnH)

Stick to the end of the thread for some juicy giveaways!

[cevo @cryptocevo]

Luna was built to be the leading decentralized payment system

Kujira is what Luna always wanted to be

A decentralized ecosystem for protocols, but without inflationary token incentives

Meet @TeamKujira $KUJI

[RujiHub @RujiHub]

🔥🏢🦖!!! New Article Jabronis !!!🔥🏢🦖

'Gojira: Kujira’s revolutionary NFT Marketplace' by our very own @Thuxo_Lux 🤙

Give it some love & find out everything you could wish to know about GOJIRA 😉

$WINK $KUJI

Read it. Now. Or else. 🔫.

https://t.co/iiBuivHJ4H

[Pragmatic Monkey @PragmaticMonkey]

The Feb monthly report for @Manta_DAO is now available 🤓

TLDR:
- Value of protocol-owned LPs up 47.2%, from $5.83m at the end of November to $8.64m
- Monthly revenue from operations at $42.7k

Key highlights & full report 👇

[Cajum @cajum1990]

Have gotten real excited about $AQLA in the past couple of days so thought I'd share some alpha since I actually have some experience in the field.

I faded $KUJI alts because my $LUNA alts never did anything for me, but no longer.

Time for a NFA 🧵

[Fuzion (merging with Rujira) @Fuzion_App]

Flows is LIVE! We are celebrating the launch of Flows with the first Flowdrop rewarding $yFUZN stakers and governance voters. This thread explains what Flows is, and how to claim your share of 150,000 $qcFUZN. 🧵

[Duo Nine ⚡ YCC @duonine]

🚨 Why are crypto ponzis always related to new stablecoins? A long post.

▫️ Buy 1 ETH for $3,000
▫️ Stake ETH into stETH
▫️ Turn stETH into wstETH
▫️ Use wstETH to mint mkUSD
▫️ Use mkUSD to borrow more ETH
▫️ Stake ETH into stETH...

This is how you create magic money and turn 3k into 30k. You double, triple, quadruple count the same collateral aka leverage it.

DeFi's total market cap pumps dozens of billions overnight in a bull market and also crashes 90% in a bear market because of it.

It's all FAKE money.

You create more "money" from nothing and stablecoins are a key ingredient in that recipe. They allow you to leverage up, fast.

This is no different than fractional reserve banking where your $3,000 bank deposit turns into $29,999 new money created from thin air.

To achieve such a feat, it takes 100 cycles of deposits. See my picture.

Crypto never reaches 100 cycles, because the bubble bursts sooner rather than later.

Fiat "economists" even call this process a "business cycle". A more appropriate name is a bubble driven by ponzinomics and irresponsible money creation due to greed.

If you read crypto twitter, you will see people talk about liquid staked tokens (LST like stETH) and liquid re-staking tokens (LRTs like reETH) as the next best thing in crypto since sliced bread.

WRONG.

It's the next big bubble or ponzi. EigenLayer should not excite you, it should WORRY you!

If you seek an alternative view, then hit a follow @duonine to stay updated as this bubble develops.

Once you start seeing this "amazing" new LRT token being used to mint stablecoins on your X feed know that the bubble is about to reach its peak.

The higher the market cap of those new shinny stablecoins backed by LRTs tokens, the bigger the bubble.

Remember, $3,000 is the actual collateral for $30,000! That's a 10x leverage.

If ETH is 3k and it crashes by 10% or $300, the bubble deflates by 3k! That's 3k gone in your new shiny LRT stablecoin!

Such stablecoins will go to zero in the worst case scenario. This is how a liquidation cascade starts and panic begins.

Why does this concern me?

Because it will hurt native ETH holders that don't even stake their ETH. Picture this.

Let's say the LRT bubble grows to $50 billion. Actual backing? $5 billion in ETH or even less.

How exactly can $50 billion exit or sell at a profit using $5 billion of ETH collateral?

It can't.

What happens next is people get wiped out. LST and LRT tokens crash vs ETH's price by 10%, 50% or more. Any stables backed by LST/LRT tokens depeg and crash even more.

In the process, as $50 billion of fake money wants to exit, it will drag down ETH's price beyond a normal correction or crash. ETH is the liquidity of last resort for LST/LRT tokens.

Worse. It will drag down BTC's price as well. Because people will become DESPERATE to exit at ALL costs, even if they lose 50% of their money or more. BTC is the liquidity of last resort in crypto, just like the Fed for USD.

This is why bear markets are BRUTAL. They correct such imbalances. They are necessary and do well to punish such greed.

Don't believe me?

Have you heard of Blast L2? That's an ENTIRE network that will use LST tokens and stablecoins backed by LSTs to give its users "native yield".

Those users have no idea what's coming in the next two years and they deposited BILLIONS on Blast L2.

Projects always seek to create more yield to attract users, but that comes at the risk of an entire network like Blast going insolvent if they don't control their greed.

Do you trust them to put breaks on making free money?

In the last crypto cycle, Terra Luna UST imploded to 0 from $50 billion. It also used a stablecoin for their project. It double, triple, quadruple counted the same money while pretending it was real. Greed took over.

You need to EXIT early and well before that $5 billion in real collateral is gone. Cash out and don't ape back. That includes removing all assets from networks like Blast L2.

You are only safe on NATIVE chains like ETH or BTC.

This time, the bubble will use ETH LRTs and associated stablecoins. I'm concerned and few people will write about this because it puts a break on this bubble and greed.

I've seen too many crypto cycles repeat the same story. This is nothing new. At the end of the day, crypto is a free for all. There's no regulation, but at least we can educate.

Why risk your ETH for 3-6% yield when ETH will 2-5X this cycle?

Funny enough, this LST/LRT bubble will also be the reason ETH will pump hard because all those tokens will LOCK-UP ETH as collateral in a huge pyramid.

When Vitalik decided to take Ethereum from Proof of Work to Proof of Stake he enabled and allowed the creation of such ponzimonic mechanisms.

For this reason alone, Bitcoin is superior.

Don't be fooled by this market and don't let greed take over. It ends badly.

Hit a like and retweet this message to wake up more people and don't forget to follow me @duonine

P.S. I respect anyone building in this space and any examples or tokens mentioned above are used for illustration purposes only. What will eventually happen, we will all find out, but let's call it as it is.

[Pragmatic Monkey @PragmaticMonkey]

Three months since the first publication of my @TeamKujira Investment Thesis. I have updated the deck 🤓

TLDR: TVL has almost 2x'd and $KUJI looks even more undervalued both on a relative and absolute basis 🔥
👇

[CALC 🧮 @CALC_Finance]

Streaming Swap is now available on @TeamKujira 🉐

We're super excited to introduce Streaming Swap! From now on, everyone can make more efficient trades!

Streaming Swap, aka Price Optimized Swap, can save users money & time, compared to market swaps 🤑⌛️

🧵👇

Try Streaming Swap!
-> Visit https://t.co/7HIVDuLqZr
-> 'Create Strategy' and select 'Streaming Swap'
-> Choose desired swap assets & amounts
-> Adjust swap duration & amount per swap
-> Check price protection / slippage settings
-> Confirm & approve transaction

How does Streaming Swap work?
Streaming Swap splits a trade in smaller sub-swaps: this minimizes price impact and increases swap efficiency and final outcome!

Swaps get executed over a certain amount of time. This reduces the impact on liquidity pools and allows arbitrageurs (bots, market makers) to keep liquidity pools balanced. While doing so, the trade has less price impact, which improves efficiency and helps getting a better total trade outcome!

By default, Streaming Swap has price protection enabled. Alternatively users may enable slippage tolerance and set their desired %-threshold.

Our Streaming Swap strategy is inspired by #StreamingSwap from the absolute chads at @THORChain. Better access to decentralised rails is something we strongly advocate for.

Streaming Swap > Limit Orders
A regular limit order gets filled by any matching orders at or above the set price. It’s a low risk, low reward bet against others in the market.

In comparison, Streaming Swap are executed as a series of smaller sub-swaps over time. With CALC’s Price Protection, the average swap price is always as good or better than a limit order set at the same price. It’s a low risk, high reward bet against others in the market.

For example, a large price drop of your target asset gives you a much better average buy price (unlike a limit order), while a big price pump leads to skipped sub-swaps, protecting your position (just like a limit order).

Keep track of active swaps
Streaming Swap performance is shown in the 'My Strategies' page in the CALC interface. Active swaps can even be edited, topped-up or linked-up with another strategy. Users that already use CALC and DCA strategies should be familiar with this process and interface!

CALC ❤️ YOU
We do our absolute best to help everyone making smarter decisions in DeFi! CALC wants everyone to have financial equal opportunity. Own-custody, permissionless and on-chain!

Calculated Thinking ➗

[Marco van Rosmalen @MarcoRosmalen]

Hee my frens!

Welcome to your weekly update!

This week my highlighted charts are from DeFiLlama.
Lets make a comparison today between $Inj and $Kuji
$Inj
TVL 34,41M
MC 2,91B
FDV 3,292B

$Kuji:
TVL 116,52m (3,4x higher as $Inj)
MC 413,18M (7,97x behind $Inj)
FDV=MC

[🉐 MRJozko @gotocashier]

🤯

[Rujira @RujiraNetwork]

After the bombshell article we dropped on Tuesday, we figured why not announce something else?

This one is a must-read for both communities and protocol founders 👇

[Rujira @RujiraNetwork]

GM Kujirans!

Today we have a mega-article for you, discussing what the Core Kujira team has been building, a look into the future roadmap, and the contributions from external teams to the ecosystem 🔥

Our final destination is a comprehensive suite of DeFi products that are not found elsewhere on a single network, with composability ingrained throughout the ecosystem.

We will summarize the Core Kujira Team developments in the thread below, but to read a more comprehensive review of Kujira's next steps, be sure to read the article below.

We *strongly* recommend it!

[KP @KPeruggi]

Kujira DeBi

Feast your eyes on pure bullposting filth

This article outlines my bull thesis for Kujira and why I have stuck around with such high conviction 🫡

https://t.co/PDglSlSrX6

[Ruji maxi 🉐️ @Ochomma_Miracle]

Tokenomics Tuesday: @AQLA_Token

Bidding price: $0.25

Max supply : 280 million
Circ. at TGE : 218 million
Mcap at TGE : 54.5m (price of $0.25)

Founders tokens are locked for 12months before a 24 month vesting @ 3.75% monthly.