Stoked Finance

Your go-to LSD on Sui

[Stoked Finance @stokedfinance]

Stoked Finance is an innovative Liquid SUI Staking Derivative (LSD) platform built on @SuiNetwork.💧💧

📌What does Stoked Finance offer?🎉👇

🌟A simplified and DeFi-native approach to earning interest on SUI. The system consists of keSUI, a stablecoin loosely pegged to SUI, and Staked Stoked SUI (skSUI), which accrues staking yield.

🌟Through the Stoked Sui Minter, users can exchange SUI for keSUI, bringing SUI into the Defi ecosystem and participating in the staking process.

🌟Stoked Finance aims to provide a convenient and accessible way for users to earn yield on their SUI holdings while maintaining liquidity and composability in the DeFi space.

Join Stoked Finance to stake your SUI → gain incentives → contribute to the SUI ecosystem.🏆

Follow us: https://t.co/v0jCf1Ligi

[Adeniyi.sui @EmanAbio]

A bet on @Mysten_Labs is a bet on world-class engineering and research driving unparalleled innovation!

Mysten Labs is the FIRST in web3 to achieve this level of scale, and the results speak for themselves:

1. @SuiNetwork: The fastest chain in web3 history (live and thriving).
2. Mysticeti: The lowest latency consensus algorithm in computer science history (in production).
3. Pilot Fish: A horizontally scalable protocol for Sui—more machines, more throughput, zero added latency (in planning).
4. zkLogin: The most widely used zero-knowledge consumer application globally (in production).
5. @WalrusProtocol: A resilient global applications layer and storage with Byzantine fault tolerance at just 4-5x replication (devnet).
6. Sponsored Txns: Allowing apps to seamlessly cover gas fees for users (in production).
7. PTBs: Chain 1024 heterogeneous transactions into 1 (in production).

I left out a LOT!

And that’s just the beginning—all of this was accomplished in a single year! 🚀 While others struggle to roll out even one basic protocol improvement, @Mysten_Labs is setting the pace and redefining what’s possible in web3.

THIS is what it takes!!!!

[Stoked Finance @stokedfinance]

The best crypto community 🫡

[Adeniyi.sui @EmanAbio]

1/2 If you’re new to @SuiNetwork, welcome! All jokes aside (#grant), @Mysten_Labs has assembled some of the brightest minds in the world to rebuild the web.

Our mission goes beyond just building a blockchain. We’re creating the critical infrastructure for a more decentralized internet—a HYPER ECOSYSTEM of autonomous decentralized protocols.

First, we needed the ultimate base layer for coordination. That’s why we built @SuiNetwork, the fastest and lowest latency blockchain in web3. You’re probably hearing a lot about it now because the tech is rock solid!

One of the top use cases for blockchains is coordinating trading activity at scale, especially for institutional needs. To address this, we built @DeepBookonSui with the #Sui community. It’s a high perf fully on-chain order book, and nothing in other ecosystems even comes close!

On-chain identity is also a challenge, so we acquired @SuiNSdapp and decentralized it, giving ownership to the #Sui community. SuiNS goes beyond traditional web3 name services—try it out today!

Next up for disintermediation: the application and storage layer. We recently announced @WalrusProtocol, a decentralized storage and availability protocol designed specifically for large binary files, or “blobs.” Walrus ensures high availability and reliability, even in the face of Byzantine failures.

Whether you like #Sui, #Sol, #ETH....Walrus is for you as it is chain agnostic!

Being part of the @SuiNetwork ecosystem means you are aligned with the vision for a better, democratic web. We’re building first-class technologies and transferring it to the community to govern and own.

Web3 has too much info asymmetry for my liking! I’ll be posting more often to keep the community updated as we make progress.

[Stoked Finance @stokedfinance]

@MrBreadSmith Obviously ⚡️

[Stoked Finance @stokedfinance]

Clear proof 👀

SUI is the fastest blockchain with the lowest latency⚡️⚡️

[MrBreadSmith @MrBreadSmith]

Speed test between #Solana & #Sui swaps!

The swaps performed at Jupiter (Solana) & @KriyaDEX (@SuiNetwork) were taken as reference in this video.

Results:
🟣 Solana: 4.45 Seconds
🔵 Sui: 0.73 Seconds

Sui was 6x faster in this performed comparison test. ⚡️

[Stoked Finance @stokedfinance]

@MrBreadSmith @KriyaDEX @SuiNetwork #Mysticeti ⚡️⚡️

[Stoked Finance @stokedfinance]

Rewards Distributed 🎁!
The Stoked Finance Pre-Testnet Campaign on Taskon has wrapped up, and 300 USDC has been distributed to our winners! 🌟

👉See winner list here: https://t.co/bNpMVe1QaC

Check your rewards now to see if you’re one of the lucky winners! 🌟

Thank you to everyone who contributed efforts and completed all the tasks with enthusiasm. Your support and engagement mean the world to us 🔥

Stay tuned for our next campaign and follow us for updates! ✅

[Stoked Finance @stokedfinance]

3️⃣🧵How will Mysticeti improve the DeFi user experience on Stoked Finance?

Stoked Finance is proud to be built on SUI. Mysticeti will enhance your experience on Stoked Finance by ultra-low latency. When you engage in activities like minting or staking SUI, transactions will be confirmed much faster. This speed improvement ensures a smoother and more efficient experience, enabling seamless interaction with minimal wait times.

[Stoked Finance @stokedfinance]

Congrats to @SuiNetwork on the official launch of #Mysticeti💥

Mysticeti changes the future of SUI with High throughput and low latency⚡️.

Dive into this 🧵 to understand how Mysticeti changes SUI’s future👇

[Sui @SuiNetwork]

Out now on Sui Mainnet:
🎊Mysticeti 🎊
Meet the breakthrough consensus protocol that reduced consensus time on Testnet by 80 percent!

Mysticeti achieves the fastest overarching latency, reaching consensus on Testnet in 390ms with 640ms settlement finality. This represents an 80% reduction from Narwhal-Bullshark 😲

Mysticeti marks a new milestone in DAG-based consensus algorithms. In addition to decoupling latency from throughput, the algorithm also manages to maintain extremely high throughput (even in the presence of network and node failures)!

So what exactly does Mysticeti mean for performance – and for you? 🤔

💧Fewest rounds to complete commits:
Mysticeti validators sign and share blocks without certification, making each round a half round trip, the least round-trips of any DAG-based consensus algorithm.

💧Increased throughput *without* increased latency:
Forgoing the primary-worker distinction, Mysticeti simply inlines transactions within the primary’s block and still delivers a very high throughput – well over 100K TPS without significant increases in latency.

💧 Earlier committed transactions:
Mysticeti’s novel commit rule naturally appoints multiple leaders every round, allowing more transactions to be committed earlier.

To be clear, this is a rollout. Not all Mysticeti improvements will be evident today. During the upcoming weeks, the upgrade process will unfold in several steps.

Dive in and see for yourself how Mysticeti offers an improved user experience with lightning fast transactions across all apps, from games to DeFi. And stay tuned for further upgrades during the roll out on Mainnet.

[Stoked Finance @stokedfinance]

2️⃣How does Mysticeti change the SUI blockchain?

@SuiNetwork's upgrade this time focuses on improving latency. This upgrade reduces consensus latency by 80%, from 2 seconds to 390 milliseconds on Testnet, and achieves 640 milliseconds of settlement finality, while maintaining the protocol's industry-leading throughput (50,000 TPS).⚡️

With over 80% latency reduction on its current engine, SUI is set to beat itself as the fastest network.

This also explains how #Mysticeti transforms SUI's future with High Throughput ⚡️and⚡️ Low Latency

📍Latency and Throughput are two key terms when discussing blockchain efficiency.
- Throughput is about the volume of transactions processed simultaneously.
- Latency is about the speed of processing a single transaction.

[Stoked Finance @stokedfinance]

We're thrilled to announce the upcoming launch of the Stoked Finance Testnet in August 2024. 🌟

Get ready to explore an innovative liquid staking derivatives platform on SUI with Stoked Finance! 🔥

Stay tuned and follow us: https://t.co/c6MSCzNzME

[Stoked Finance @stokedfinance]

⚡️ Last Chance to Win Big!
Stoked Finance Pre-Testnet Campaign Ends Today!

📍Join us at https://t.co/mp9yMUmzPH

Time is almost up! Today is the final day to participate in our Pre-Testnet Campaign on Taskon.

Don't miss your chance to win a share of the 300 USDC prize pool!✨

[Stoked Finance @stokedfinance]

Welcome to the breakthrough consensus - #Mysticeti era
⚡️The lowest latency
⚡️High throughput and low computation cost
⚡️Lightning-fast transactions

@SuiNetwork = the fastest blockchain on the planet

[Sui @SuiNetwork]

Out now on Sui Mainnet:
🎊Mysticeti 🎊
Meet the breakthrough consensus protocol that reduced consensus time on Testnet by 80 percent!

Mysticeti achieves the fastest overarching latency, reaching consensus on Testnet in 390ms with 640ms settlement finality. This represents an 80% reduction from Narwhal-Bullshark 😲

Mysticeti marks a new milestone in DAG-based consensus algorithms. In addition to decoupling latency from throughput, the algorithm also manages to maintain extremely high throughput (even in the presence of network and node failures)!

So what exactly does Mysticeti mean for performance – and for you? 🤔

💧Fewest rounds to complete commits:
Mysticeti validators sign and share blocks without certification, making each round a half round trip, the least round-trips of any DAG-based consensus algorithm.

💧Increased throughput *without* increased latency:
Forgoing the primary-worker distinction, Mysticeti simply inlines transactions within the primary’s block and still delivers a very high throughput – well over 100K TPS without significant increases in latency.

💧 Earlier committed transactions:
Mysticeti’s novel commit rule naturally appoints multiple leaders every round, allowing more transactions to be committed earlier.

To be clear, this is a rollout. Not all Mysticeti improvements will be evident today. During the upcoming weeks, the upgrade process will unfold in several steps.

Dive in and see for yourself how Mysticeti offers an improved user experience with lightning fast transactions across all apps, from games to DeFi. And stay tuned for further upgrades during the roll out on Mainnet.

[Stoked Finance @stokedfinance]

@SuiNetwork It comes ⚡️⚡️

[evan.sui @EvanWeb3]

Mysticeti is live. Congrats @SuiNetwork! Enjoy p50 400ms consensus e2e latency!

[Stoked Finance @stokedfinance]

@pikapikasui @taskonxyz @FlowX_finance @bucket_protocol @SuiDailyTK @SUIGallerie will try it soon 💪

[Stoked Finance @stokedfinance]

Catch an amazing combination on this @taskonxyz event!🫡

Are you ready for Stoked Finance?📢📢
✨Join us with @FlowX_finance, @bucket_protocol and @SuiDailyTK to secure a handful of prizes exclusively for our community

Stoked Finance is offering you the chance to be one of the winners for a prize pool of 300 USDC!🤝

📍How to Enter:
🌟Follow @stokedfinance, @FlowX_finance, @bucket_protocol, @SuiDailyTK
🌟Retweet & Like this tweet
🌟Complete tasks here⬇️
https://t.co/yRfVInx7FE
⏰Deadline: 28th July, 10:00 (UTC)

Don't miss your golden ticket to unique benefits within the SUI ecosystem⚡️⚡️

[Stoked Finance @stokedfinance]

@vyz_cm Nice🫡🫡

[Stoked Finance @stokedfinance]

@tokeninsight_io @VemoNetwork Congrats!! 👏

[Stoked Finance @stokedfinance]

Stoked Finance Pre-Testnet Campaign: 5 DAYS LEFT

✔️ Join now to grab our rewards: https://t.co/yRfVInx7FE

Time is flying by, and we’re thrilled to remind you that only 5 days remain to participate in our amazing Pre-Testnet Campaign on @taskonxyz!

⏰ Duration: July 15th - July 28th

Act now or miss out on this epic opportunity!

[Stoked Finance @stokedfinance]

@EmanAbio @SuiNetwork Get ready⚡️⚡️