ngmi

[ngmi @ngmi_wp]

@ZhugeLyang @megaeth ah urs got sent to wallet? didn't u have to click buttons

[ngmi @ngmi_wp]

@WazzCrypto mooooo

[ngmi @ngmi_wp]

@stogolp bait?

[ngmi @ngmi_wp]

@hyperbeat Need a code!

[ngmi @ngmi_wp]

Aster’s case has always been ‘do you wanna be right or make money’

Crime is acceptable in a space where it’s the norm

[ngmi @ngmi_wp]

@JoeWaitOfficial so u like borrow hella to buy or?

[ngmi @ngmi_wp]

space overflowing with stablecoins & BTC, obvious trend until buying resumes again

a killer DeFi product would let users gain 1/2 confidence of blue chips, if even possible

but with each autist's sophistication, we won’t get one big protocol

[ngmi @ngmi_wp]

a good product doesn't need good apps building on it

the prediction markets trend will lead to similar results

[Kydo @0xkydo]

this baffles me so much. how is pumpfun still making 7m a week?

what is their moat?

[ngmi @ngmi_wp]

@monad 0x2C882519A65C5Fb15C677DbAf8877F2357827e07

[ngmi @ngmi_wp]

@sshxbt inshallah we safe brother

[ngmi @ngmi_wp]

tldr unfortunately no one cares about tech in this tech heavy industry

people care when there's clear conviction beyond financial incentives to build on a chain and with the people on it

gud cult x logical reasons

[tunez @cryptunez]

@Cbb0fe do you know anything about the tech?

the team spent 3+ years building the first evm L1 that can scale to thousands of validators and thousands of TPS. the validators cost ~$1,000 to run and are not colocated. the gas limit is 500M and blocks are 400ms.

this is completely novel

[ngmi @ngmi_wp]

whos buying our bags?

[CK @Vitamul]

Joe will be a 500m coin tbh

[ngmi @ngmi_wp]

the time to get in ts was dec 2024 @echodotxyz

[Squiggly Hair Shanks @redhairshanks86]

100,000 people signed up to @megaeth ico

if every person is a crypto shrimp 🦐and only committed 5,000 usd, half a BILLION usd will be competing for fiddy million allocation

on avg, everyone would get 10% of their desired allocation

fluffles and echo distribution even wider. it’s the cleanest distribution out of any infra project out there

megaeth will come out of the gates like conor mcgregor during his prime, there is no telling where we will end up, a lot depends on macro but boy am i ready

it also depends on our efforts

the more we work for our bags, the faster the mega choo choo train will transcend to the only place it truly knows

valhalla

[ngmi @ngmi_wp]

gmonad

[Monad Ecosystem @EcosystemMonad]

The first 2k people to interact will receive a special reward 🎁

[ngmi @ngmi_wp]

@EcosystemMonad gmoonad

[ngmi @ngmi_wp]

I like @Michaelwill and will remember the things he’s done to DeFi

so I simply aped

[RaArΞs ⚓️ @RaAres]

investors poured $190M into @yieldbasis $YB in days.

not because it was a shiny new token launch – we’ve seen plenty of those.

it was because they promised something rare → yield w/ full BTC exposure, no impermanent loss

@legiondotcc was the launchpad, but the magnet was the design backed by @curvefinance $60M credit line.

you'll read about:
→ what Legion is
→ how it changes token fundraising
→ what YieldBasis is
→ how the system works
→ governance & veYB
→ the oversubscribed raise

▫️what Legion is

Legion is a fundraising platform that wants to fix the broken token launch model.

instead of letting only VCs buy early & cheap, it gives access to retail through MiCA-compliant sales.

the key is the Legion Score – a reputation system that mixes on-chain activity, dev work, social reach and endorsements.

projects can filter who gets allocations based on merit, not bots or quick flippers.

▫️how it changes token fundraising

Legion runs different types of sales ↓

• pre-TGE rounds at fixed price
• public fixed-price sales
• clearing-price auctions

it also automates the legal side so teams can reach EU retail safely, while still being open for institutional investors.

their setup makes token sales open to more than just VCs, while giving projects a community that actually has skin in the game.

▫️what YieldBasis is

YieldBasis is built to solve impermanent loss for BTC LPs.

the flow is simple → deposit BTC, get ybBTC, which represents a 2× leveraged BTC/crvUSD LP.

the system borrows crvUSD against the LP, keeps leverage at 2×, and auto-rebalances so positions always track BTC 1:1.

you stay fully long BTC, earn trading fees, and avoid the usual IL drag.

▫️how the system works

users can provide BTC liquidity & withdraw anytime.

there are two yield options: trading yield from Curve fees or token yield from YB emissions.

▫️governance & veYB

YB can be locked into veYB for both voting power & revenue share.

the longer the lock, the more veYB you get.

max lock (4 years) gives full weight and makes the veYB NFT transferable.

veYB holders also decide which pools get emissions, shaping the flow of liquidity incentives.

▫️the oversubscribed raise

YieldBasis was the first major project to launch through Legion.

the target was $5M but within 24 hours it hit $150M commitments.

in total, around $195M was raised – oversubscribed 98x.

the raise had $5M split between Kraken Launchpad & Legion, FULLY unlocked at TGE.

on top of that, Curve DAO provided a $60M crvUSD credit line and got 7.5% of YB streamed to its governance.

for Legion, this became the perfect proof-of-concept:

a retail-first, merit-based sale that actually delivered massive traction.

congrats & hats off 🎩

[ngmi @ngmi_wp]

@legiondotcc i received this email but didn't see "action required" or any reflections on legion's site

is it still loading or do i need to do anything?

[ngmi @ngmi_wp]

@shatmypants10x Banger

[ngmi @ngmi_wp]

@layofftheweed