J. Mandrake

Drummer || Retired sysadmin & dev || $YELLOW $BTC $SUI $INJ $BEAM $NEURAL - Not giving financial advice

[J. Mandrake @mandragora_zero]

🟡 $YELLOW Basics: State Channels 🟡

A key component in @Yellow #Layer3 architecture, state channels may be the definitive solution for speed and scalability in high frequency trading.

If you have used the $BTC Lightning Network, you've used something very similar. LN uses payment channels, which handle specifically transfers of funds. A state channel can handle any change of state - any kind of transaction. Let's go for an analogy.

Imagine a major sports league where, in all weekend games, every single event that changes the game state (not just goals, but each action from blocks to passes) needs to be reported using the proper form to a Grand Referee-in-chief in charge of the game rules and league standings, who must evaluate, reject or approve each event and then register the new game state before the match can go on.

The Referee may be 100% trustworthy, but a game takes forever. And as more and more teams and players join the league, even if that Grand Referee becomes amazingly fast, he'll still be the bottleneck.

Until someone points out that for league standings to be reliable, once a valid match is registered only something else will be required: the final score. Everything else should be up to the players and to a local referee who only steps in if a game rule needs enforcing. So games become self sufficient, game speed is now only limited by the players speed and skill, and paperwork is reduced to one valid opening statement (lineups, time, etc) and one closing game report. The Grand Referee can trust the local ones and relax now in the weekends, even with hundreds of teams playing.

As you guessed, league results and standings correspond to the blockchain ledger, the Grand Referee is the consensus mechanism (while @Yellow calls the local referee, the simple smart contract overseeing a game, "Adjudicator") and game reports are on-chain transactions. In this analogy, every game instance can be seen as a state channel.

@Yellow is implementing state channels to achieve in a trustless way extremely high transaction throughputs, instant finality and trading privacy, while also dramatically reducing blockchain fees and congestion. Real time profits and losses, only settled in blockchain at the end of the session.

As in the analogy - a game changer.

Learn more: https://t.co/RnPd5aqZFu

#DeFi #TradFi #Yellow

[J. Mandrake @mandragora_zero]

@TheDonOfApes @joinrepublic It feels good to have a $YELLOW bag. Even better after you read up on what they're cooking.

[J. Mandrake @mandragora_zero]

Ethereum has my respect and my participation since the 2015 release. The only important obstacle for its value growth, macro circumstances aside, is manipulation by some large market operators - largely enabled by their custody of user assets.

I've started to also respect and participate in @Yellow, because (thanks to their ERC state channel standard and clearing infrastructure) it will allow us to trade these market operators without giving up custody.

A huge ally for $ETH is coming.

[J. Mandrake @mandragora_zero]

@estovaderelojes @TedPillows Maybe to get longs liquidated. And once they have eliminated enough, they'll let it rip.

[J. Mandrake @mandragora_zero]

@SimonNickweb3 @TedPillows Maybe trying to get longs liquidated.

[J. Mandrake @mandragora_zero]

Surprise - some CEXs are not providing mere "custody" of your coins, they're using them for market manipulation.

At least banks would be up front about it and air drop you some money. I mean, pay interest.

[Ted @TedPillows]

I hate to say it, but Binance is manipulating $ETH and the entire altcoin market.

Ethereum is strong, pushing to break $4,000 with institutions and whales buying aggressively.

Yet... 👇🏻

As I pointed out earlier, they’re dumping millions of ETH by moving it to multiple market maker accounts to sell off.

How can they transfer so much Ethereum to these accounts when they have no extra $ETH, only customer funds?

[J. Mandrake @mandragora_zero]

@cryptoman14c90 @Yellow @yellow__capital @ArcanumVentures I'll be there 👍

[J. Mandrake @mandragora_zero]

Fundraising is transforming. Money is smarter, competition is tough. What does it take to adapt?
Tune in and find out today.

[Yellow Capital @yellow__capital]

Fundraising in Web3 is tough, but still possible.

Join us for a live AMA this Friday, August 8 at 1PM CET:
Founder’s Guide: Navigating Fundraising & Growth in Web3

🎙 Featuring:
👤 Vivek (@mehtaandmore) – Yellow Capital
🎤 Carmelo (@MELOWILD) – @ArcanumVentures

Set your reminder 👉 https://t.co/8n6w56xf8m

[James K. Filan 🇺🇸🇮🇪 @FilanLaw]

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The parties have filed a Joint Dismissal of the Appeals. The case is over.

[J. Mandrake @mandragora_zero]

@_israelx @CryptoDefiLord @joinrepublic Could you please elaborate?

[J. Mandrake @mandragora_zero]

@Yellow I understand $YELLOW will have multiple uses, but a key use will be as collateral to ensure good behavior. What mechanisms do you plan for small $YELLOW holders who aim for larger volume trades? Any lending/borrowing mechanisms between users, broker responsibility...?

[BTC_APPLE🇰🇷 @eth_apple]

Just committed $5.2K to $YELLOW.
Let’s see if it turns into a banger or straight-up Web3 trash after TGE, I’ll keep you posted.

The public sale is almost sold out. only 10% left

@chrislarsensf, Ripple co-founder…
please tell me You're Warren Buffett🙏💛

[J. Mandrake @mandragora_zero]

@eth_apple @chrislarsensf Yellow has legs, good call imo

[J. Mandrake @mandragora_zero]

@estovaderelojes Memecoins will always have their crowd same as gambling will always have a crowd, but if they leave the stage for a while, I won't miss them.
Let tech and utility drive the markets, please.

[J. Mandrake @mandragora_zero]

web3 devs:
- Are you aiming to achieve very low latency transactions?
- Would like to have zero or near zero transaction cost?
- Is privacy desirable for your project?
If you answered "yes" to at least one of these, you'll want to check this out ✅

[Yellow @Yellow]

Want to build faster Web3 apps?

Yellow’s Head of Engineering, Maksim Naichuk, and Tech Lead, Andrew, are joining @BizThonOfficial’s live workshop to share how state channels can power high-performance dApps.

🗓️ Aug 7, 2 PM UTC
🔗 RSVP: https://t.co/gesvSS2DIt

See you there!

[J. Mandrake @mandragora_zero]

You made me curious, I searched a bit (the old fashioned way) and found this letter:
https://t.co/ifRqJPaLOj
So it would seem that BPI indeed sent objection comments to the OCC, and @coinbureau has the source you were asking for.

[JD @JDin5D]

No public filing or press statement shows:
• Bank Policy Institute (BPI) or any trade group representing 42 banks

• lodging objections to a “Ripple bank license” application.

No such docket or letter exists in SEC, FDIC, OCC, or Fed systems as of 08-Aug-2025.There is no authoritative record (BPI press release, SEC filing, or subpoena) indicating that the Bank Policy Institute (BPI)—or any equivalently named banking federation—has filed objections to a singular “Ripple bank license” application.

[J. Mandrake @mandragora_zero]

@RaminNasibov Agreed, but why the chair?

[J. Mandrake @mandragora_zero]

To do what you love, you need to take risks - not doing it is riskier.
But in trading, "it's just as important to reduce the risk as to increase the reward", the captain says here.
Learn how @Yellow can help you take only risks that matter.

[Yellow @Yellow]

Our Captain @AlexisYellow was just interviewed by @KevinWSHPod 🎙️

He broke down how Yellow is removing the need for trust in trading and completing Satoshi’s vision of a trustless financial system.

🎥 Watch below:

[J. Mandrake @mandragora_zero]

@nicrypto "Fool me once, shame on you.
Fool me twice, shame on me."
- Retail

[J. Mandrake @mandragora_zero]

@bald_research @Yellow Excellent summary, thank you 👌

[J. Mandrake @mandragora_zero]

"Trade against exchanges, without needing to trust the exchanges."

This simple idea, the way @AlexisYellow succinctly put it in the conversation he had with @joinrepublic three days ago, would have been enough to get me involved (note that I'm not just saying invested) in @Yellow.

There's much, much more alpha in this project, though.

The first lesson I got in crypto a long time ago was that, when you aim to develop trustless systems, being trustworthy is critical - and the Yellow captain clearly understands this perfectly.

$YELLOW has sold more than 90% in the ongoing public sale, so it's nearly finished, and I'm glad because I'm very interested to see what's going to happen next.