NeverFade

3am | MtGox casualty | Everything posted here is not supposed to be taken seriously. 24/7 troll. Definitely NFA DYOR.

[NeverFade @neverfadexd]

Japan's onchain finance push is coming to Solana.

The Solana Foundation is joining SBI R3 Japan alongside SBI and SMFG.

JPY stablecoins. Tokenized RWAs. Cross-border payments.

SBI R3 Japan plans to become SBI Solana Global.

Probably nothing.

[NeverFade @neverfadexd]

had a good chat with @SorenEVM about @TendiesFamily

no hard sell. No ridiculous promises. just a builder who actually cares about what he's shipping

i can respect that

[NeverFade @neverfadexd]

@3amxbt @Stable was waiting for someone else to say it first 😂

the setup is way too familiar

[NeverFade @neverfadexd]

been looking deeper into @TendiesFamily

still insanely early, but this is the first thing on Stable that actually feels worth paying attention to

ngl, they might be cooking

[Tendies @TendiesFamily]

The Stable network deserves its own https://t.co/CB9madHxiJ…

So we built one

Tendies is now LIVE

Fast launches
Instant trading
Built for trenchers

Come get your tendies: ▶ https://t.co/mQrqa7PlHq

See you on chain!

[NeverFade @neverfadexd]

gonna dig into this a bit more but ngl

this looks pretty damn good

[Sakr @sakr98_]

I think I just found the $pons of stable chain

https://t.co/UvCLpfcNFQ

[NeverFade @neverfadexd]

I used to think every post had to grow my account.

Now I just write what I want.

Like it? Follow.
Don’t? No worries.

I’m not here to please everyone anymore.

[NeverFade @neverfadexd]

StableChain picked the right market, but it hasn’t captured it yet.

$23M stablecoins onchain.
$36M TVL.
$4B $STABLE FDV.

Plasma already has $907M in stablecoins, while Tempo and Arc bring Stripe and Circle distribution.

The thesis is obvious. The execution gap is the trade.

[NeverFade @neverfadexd]

They hired an anonymous Fiverr dev, paid upfront, and only checked his history after everything was ready.

Then they say they found his wallet linked to multiple scams.

This isn’t FUD. It’s negligence.

[NeverFade @neverfadexd]

9/ My conclusion: Sendit has the cleanest trust model of the four, but the least evidence it can attract sustainable users and volume.

Interesting, not proven.

Which matters more at this stage: traction or fewer trust assumptions?

[NeverFade @neverfadexd]

1/ Sendit may have the cleanest trust model on Robinhood Chain.

I only found the platform recently, so I compared its contracts with Bow, Flap and Pons.

The result was more interesting than the traction suggests: a new 🧵

[NeverFade @neverfadexd]

8/ Sendit is not flawless.

Its Factory has an alternate route allowing up to 10% creator allocation, a custom start tick and disabled anti-snipe.

None of the 24 launches checked used that allocation route, but every launch still needs verification.

[NeverFade @neverfadexd]

8/ The clean proof remains simple:

Publish the V2 contracts, timelock roles, audit reports and one successful CTO transaction.

Then we can verify who holds the power, whether V1 communities are made whole, and whether a takeover can be reversed.

[NeverFade @neverfadexd]

The Pons update confirms the core finding.

V1 CTO fee redirects were announced as live, but Pons now says an oversight prevents the protocol owner from changing the fee recipient.

V2 may add owner-controlled CTOs after 3 days.

V1 communities still need an answer. Another 🧵

[Ozzy 🇺🇸 @MEADGod]

https://t.co/K17pGUkMaG

[NeverFade @neverfadexd]

7/ So the question changed.

Before: how can Pons execute V1 CTOs without the deployer?

Now: what happens to approved V1 CTOs, missed fees and abandoned tokens that cannot migrate?

The bug is acknowledged. The backlog is not resolved.