substratex🉐🥷

$LUNA $VADER $OXBT rektboy

[substratex🉐🥷 @substratex]

@figma Can you _please_ add a Auto Text Resize option to adapt font size to a fixed box/container?

[substratex🉐🥷 @substratex]

@DannPetty @danmall +1 :)

[substratex🉐🥷 @substratex]

Decentralised Binance ⚡️

[substratex🉐🥷 @substratex]

👀🔥🔥🔥

[AutoRujira 🉐⚡️ @AutoRujira]

GM @RujiraNetwork & @THORChain fam! ☀️

🚀 IT’S TIME! The RujiAI Beta Test is officially launching! 🤖⚡

The first Rujira AI agent is here—bringing seamless, chat-based DeFi execution to life.

First 15 people to DM us get beta access! Be part of the future of #DefAI 🔥

🎥👇

[substratex🉐🥷 @substratex]

wise words.

[Erik Voorhees @ErikVoorhees]

On illicit funds in crypto...

Background
The entire purpose of crypto is to build neutral, objective, transparent protocols. "Permissionless" is the phrase.

It's a belief that regardless of the ethics of the *users* of a protocol, the protocol itself should simply act under the protocol rules. That honesty, that integrity, provides immense societal value. And upon such a foundation, further layers of coordination/rulemaking can be built. Coinbase as a central exchange can make its own rules about its property and systems, *built on top* of permissionless, neutral Bitcoin and Ethereum protocols.

Questions
When crypto funds are illicit, what should happen?

Should Bitcoin nodes block illicit txs?
Should Ethereum nodes block illicit txs?
Should Uniswap contracts block illicit txs?
Should Thorchain nodes block illicit txs?

Should miners and validators be policing content?

If the answer to any of those is "yes!", then we are not designing an ecosystem of permissionless, objective, protocols, are we? We're designing something else.

If the answer to any of those is "yes!", then we're building permissioned financial services, but on a blockchain. Of what value is this to society?

And to do so, suddenly the definition of "illicit" must be defined, and it cannot be. Illicit to whom? Illicit under what standard of suspicion, or proof?

These are social and legal questions about which people will disagree. If crypto protocols are built to incorporate this social/legal layer, then they are truly useless, for they lose their entire reason for existence... objective, transparent operation.

An objective protocol must permit bad actors operating on it.

Mathematics doesn't "turn off" when a bad man solves an equation.

Language doesn't fail to execute when a bad man speaks it.

These are permissionless protocols and so too must be crypto.

To those advocating that illicit funds be blocked by protocols, please explain the standards by which such things shall be determined, and please explain why you're involved in crypto in the first place?

If a hack is $100, nobody will advocate for censorship.
If a hack is $1.5 billion, suddenly, many do.

At what dollar value shall a blockchain halt?

It's easy to vilify North Korea. What about when Western governments violate law, and confiscate without due process, digital assets from a rightful owner? This is illegal, this is illicit.

When our own government commits crimes, shall we permit their action across our protocols, yet when "bad" governments do the same, we put a stop to it?

Should a German node operator enforce Saudi law?

Should a Chinese operator enforce American law?

Should chains be halted and addresses blocked before trials and legal guilt even been established? Just the *accusation* of illicit funds is enough to violate that which we claim to build as inviolate?

I am vehemently opposed to crime; to actual crime: to fraud, to theft, to violence. I see open, transparent protocols as an antidote to crime, and as a tremendous boon to good civilization.

Laws, which are a human *social layer,* are in place to prevent and punish such crimes and the best governments should vigorously pursue actual criminals. Dear law enforcement: please pursue the criminals that stole those funds! Law enforcement is your job, and you've taxed us upon the promise of fulfilling it.

But that social, subjective layer of laws and legal enforcement, must exist above and separate from more foundational underlying strata that operate *objectively* and equally to all parties.

When the human world of right and wrong, which must always be subjective, is transposed into an otherwise objective, permissionless system, the latter will fail to be so, and there is no purpose to it. In such case, let us admit we are merely building a more complicated apparatus for subjective social policy.

Being decentralized is a gradient
Being permissioness is not

[AX1 @ax1vc]

Urgent proposal to acquire @THORChain and provide assistance to the holders and creditors.

As the protocol serves as an open-source community-driven, true Web3 building project, this proposal will be transparent and accessible to the public.

Unfortunately, we are witnessing the gradual decline of what was once a promising project.

Instead of achieving great results and hitting a new ATH, the community was blindsided by $200M in toxic frozen loans, facilitated without any warning and made possible through the use of an admin key.

Rather than concentrating on building Rune, the founder is pursuing nine different projects, leading to unclear strategies that raise numerous questions.

WeWe / Deca Swap / Vultisig / WeWe Swap / Thor / Ruji / Vamp / YIELDI / TraitForge

To prevent the current crisis, @jpthor needed to raise the large VC round by $50-100M, work on regulatory compliance, secure appropriate US network, and focus on @THORChain achieving 50-60% market fit along with Round C funding.

Unfortunately, the project currently lacks any backers. In fact, the bank run has not yet started, but if it does, an amount between $5-10M could lead to a collapse in price similar to what happened in the Luna case.

I understand that many supporters of the project are holding onto hope for a miraculous turnaround.
"That's it, that's it, yes, that's it tomorrow." However, it's often more prudent to analyze the facts, figures, and current situation.

Holders of the project are being misled, creditors are experiencing years of delays, and the founder is engaged in unclear schemes:

https://t.co/zFaC29a3Da

The entire Thorchain ecosystem relies heavily on the generosity of @TrustWallet, who are outstanding builders and the largest provider.

Previously, it was difficult to envision major new integrations for Rune. However, following recent events, we can only hope for a miracle.

Meanwhile, competitors are actively seeking to penetrate the remaining top sites, and those sites themselves are considering hybrid models (like Exodus, which is incorporating a CEX component and plans further refinements).

If @TrustWallet eventually decides to halt integrations or redirects volumes to a competing provider, we can only imagine the impact this would have on the price of Rune and the assets of its lenders.

At the same time, @TrustWallet demonstrates the potential for scaling, having nearly surpassed the 200M user mark and achieving a MAU count comparable to top-tier fintech like NuBank, all while maintaining a solid reputation and avoiding big management issues.

Our proposal is straightforward.
We're offering a syndicated deal in which:

1) Trust Wallet will acquire THORChain (let’s set aside discussions about decentralization for now; particularly when you understand the details and nuances involved).

2) Funds will be disbursed to creditors immediately, financed by a pool of VCs led by YZi Labs (formerly @BinanceLabs).

3) @EowynChen will assume the role of CEO for both companies.

4) Rune -> TWT.

5) A portion of the protocol's revenue will be allocated to marketing support for the unified on-chain asset (with genuine marketing efforts, not painted Cybertruck).

Results:
a) Creditors will receive an instant refund with interest.
b) Former RUNE holders will have a new asset that will consistently benefit from the protocol’s revenue, without relying on complex schemes.
c) TWT and Trust holders will see strengthened valuations and multiples.
d) Current contributors to the Thorchain protocol will receive bonuses, enjoy a stable future, and have the opportunity to safely develop the leading web3 product.
e) Support from the family office of @cz_binance.

Ultimately, this initiative will create the most reliable on-chain wallet with a swap provider in the industry.

[JP Mullin (🕉, 🏘️) @jp_mullin888]

Giveaway time, OMies! 🫡

Making good on my promise to my fellow OMies!

Remember my mint day pledge? Time to deliver - giving away 8 #OMies from my OMie janitorial duties 🫡🧹

Special thanks to @bgmaninnit for managing this campaign and ensuring fair winner selection for the OMies!

Drop your entry here: https://t.co/WsuFmRbLMn

Off to sweep #8888 🫡🕉️🧹💎

[substratex🉐🥷 @substratex]

@rob_inwoods aaaand sold out :D

[substratex🉐🥷 @substratex]

@rob_inwoods classic 😂

[substratex🉐🥷 @substratex]

@GameOver_Rekt @xnnatzz At least you probably know how to beat Psycho Mantis in MGS 😎 and that’s something

[substratex🉐🥷 @substratex]

@d3nnis Wait till Friday ser, collecting funds!

[substratex🉐🥷 @substratex]

@SumoKuji We are so back!

[substratex🉐🥷 @substratex]

@Bro_n_Bro @namada 🫡

[substratex🉐🥷 @substratex]

@InjectiveQuants congrats!

[substratex🉐🥷 @substratex]

@InjectiveQuants Dips!

[substratex🉐🥷 @substratex]

@MartinNebelong Love your posts. I’m in ave everytime. Amazing stuff ser

[substratex🉐🥷 @substratex]

@MurillodiCappa Bm!

[substratex🉐🥷 @substratex]

@rob_inwoods @pumpdotfun What the F?!

[AutoRujira 🉐⚡️ @AutoRujira]

👋 Hey $RUJI fam!

AutoClaimer v1 is very close to mainnet! 🚀
It’ll automatically claim your tokens, and if you opt-in, you’ll get a Telegram notification every time it does, keeping you in the loop 📲

We hope you like it! 🎉

[substratex🉐🥷 @substratex]

@0xtega_ inj1jn6vgzwu252xyjuus0m0tuw9evq0ncnnwa0t39