fam, a sweet haiku:
cosmos charts are cooked
validators get sunset
please redelegate
🌅
we will continue operating our $ATOM and $OSMO validators until nov 23! please instantly redelegate so you don’t lose staking rewards
Why Polaris? 🤔
To unify the fragmented DeFi experience. Liquidity is sticky, but that shouldn't prevent you from acquiring any token you want on any chain.
Enjoy the full @LitProtocol podcast interview below with co-founder @zkdragon ↓
Whale:
“We can provide 1 Billion of liquidity for 10% of your token”
Jake:
“No”
Imagine how many CP are really accepting this “shady” deals to boost their TVL.
Mitosis is different.
Let’s break the game.
P.S. Check on vid below - 33:30 timestamp
💡 I'm sure many @MitosisOrg yappers are not aware about @Jake_on_me's interview by @chjango on @interchainfm, around 5 months ago, sharing "DeFi Yield Secrets the Pros Don't Want You to Know About".
Here is a little brief ⤵️
🎙️ The interview begins with a discussion of Jake's background in the Cosmos ecosystem, participating into hackathons, where he and his team explored liquid staking before it became 'famous'. This led to the birth of Everett, a company aiming to make staking positions liquid and tradable, which might now sound mainstream, but then was considered innovative.
⌛️ Jake and Chjango discuss the differences between the "DeFi Summer" of 2020-2021 and what happens now. Back then, early users could earn airdrops and high yields simply by providing liquidity or participating & contributing to the protocol, while today, yields are much lower, and airdrops are often disappointing for participants.
💰 Jake explains the decline in yields to 3 main factors:
🔹Institutionalization: Big investors and companies came to DeFi & protocols started giving special deals to them, instead of normal users.
🔹Private LP Deals: Many good rewards are given in private deals to big investors, usually being closed doors, so normal people cannot join.
🔹Market Changes: The market became more competitive and only people with special knowledge or big money can get big profits.
All the above lead to normal users feel left out, while its an evolution that it's not good at all for the idea of open and fair crypto.
📘 And here comes Mitosis, who aims to provide real DeFi yield opportunities to end-users, easy & accessible by everyone
The main goals as described by Jake are:
▪️Make LP Tokens Tradable: Mitosis wants people to be able to trade their liquidity positions anytime, with no barriers or lock-times
▪️Use Money Better: By making deposits usable in many ways and on various blockchains, users can use their assets more efficiently.
▪️Ecosystem-Owned Liquidity (EOL): Instead of each person giving liquidity on his own, Mitosis wants groups of people to join LPs and share the benefits.
🎯 And here is how he explained they can be achieved:
1⃣Composability: Tokens from Mitosis (mi/ma Assets) can be used in other DeFi apps or even sold.
2⃣Multichain: Mitosis works on many blockchains to help users trade and provide liquidity everywhere.
3⃣Open Deals: Mitosis wants to make LP deals public and easy to trade, so normal users can get good profit chances & yield again.
🌀 Both Jake and Chjango agreed that crypto markets go in cycles. Sometimes they are open for everyone, sometimes only for big investors/whales. The future should bring back fairness and give normal users good chances to earn.
The Future of DeFi is brought to us by @MitosisOrg
🔗Full interview can be watched here https://t.co/UAzFjkFQRs
.@Polaris_App dropped the best cross chain interface and no ones talking about it?
bridge any token to/from any major L1 in less time than it takes to microwave a hot pocket
earn @circle $USDC yield while staying completely onchain
this is a strictly better product than anything else in its class and it has (checks notes)…sub 4000 active users?!
wake up and get ahead of the curve
Important PSA 🚨
There is a very sophisticated social engineering scam/hack that I nearly fell victim to yesterday. 5 other industry friends suffered the same hack attempt recently. This is clearly the current weapon of choice by malicious actors. Sharing details so you know what to look for.
1. A trusted source, someone who is a good and sophisticated actor and investor in the space, DM'd me on Telegram using our existing conversation (i.e. his old real handle). He said "Hey Ben. It's been a while! Let's catch up sometime soon." and then sent a normal calendly link. I booked a slot for yesterday afternoon.
2. Right before the call was scheduled to start, he messaged me saying "hey can you join this partners call with a bunch of industry friends instead". My antenna went up but I clicked the zoom link as it looked like an authentic zoom link (something like https://t.co/IGTO9SRNFQ and a long meeting number). Once I entered, I saw people I knew on the Zoom with seemingly live video feeds and audio. My video was on but audio was not working. A pop up came up saying I needed to update my Zoom and to download this update. I then dm'd my contact on TG asking if this was safe and authentic and he said "sure, enterprise zoom for company".
At this point my alarm bells went off. Fortunately I don't believe I fell victim to the hack but several others were not so lucky and had assets stolen quickly, in particular from accessible hot wallets.
These hacks are increasingly sophisticated and everybody in the space should be hyper vigilant in joining Zooms and downloading software. Sounds obvious but in the moment you can be easily confused and act too quickly. Even the most sophisticated investors and crypto users can be tricked. You never think you will fall victim to a phishing attempt until you do.
I don't know the best solution to prevent these types of social engineering acts in the future but I do know that you should never have substantial capital in a hot wallet. Similarly, if anyone is switching Zoom or meeting links quickly, then be suspicious.
If you're a fund manager in the space, tightening up your OpSec should be high priority. Losing personal capital is devastating, losing fund capital is even worse.
@bulli0n_@chjango@0xMagmar@interchain_io Thank you for your continued trust in us. We have no plans to sunset any of our existing validators. If we do, however, we will provide at least a 30-day notice here (on this handle) to give you ample time to redelegate.
@bulli0n_@chjango@0xMagmar@interchain_io Thank you for your continued trust in us. We have no plans to sunset any of our existing validators. If we do, however, we will provide at least a 30-day notice here (on this handle) to give you ample time to redelegate.
$MILK
On-chain Massdrop claims will open 4/29 @ 10AM UTC.
*Users that opted into CEX claim will receive their airdrop directly on their exchange account.
Airdrop Update: $MILK
The @milky_way_zone airdrop will be available to claim at 10am UTC tomorrow 29th April!
Keep an eye on https://t.co/Ugjcdtm7Uo at that time. I'll be sure to let you know if you need to do anything.
In the meantime, be sure to collect your @initia Jennie here: https://t.co/G9ySDQRX2C
Good luck!
Disclaimer:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
@chjango@0xMagmar@interchain_io Will this have any effect on the https://t.co/K8HRrJusAx validator?
The reason I ask is I have ATOM delegated to your validator for staking.
@Austen Usury, my lad. Usury.
I recorded myself reading this book in its entirety just for you. Essentially this is how you remain enslaved to the fiat/central banking system for life. You were never meant to be able to pay it all back.
https://t.co/AC0Wxs6psc