@gregisenberg I get completely distracted when i get to ride this type of cars. There must be some safety issues around the amount of screens and alerts.
Look guys, it's actually really straightforward, a bunch of people staked their ETH on the Ethereum blockchain to earn yield, except they didn't want their capital to be locked up, so they actually staked with a liquid staking protocol called Lido who provided them a liquid staking receipt token called stETH, except they decided to juice their yield further by depositing their stETH receipt tokens into a restaking protocol called Eigenlayer, except they didn't want to lock up their capital, so they actually restaked with a liquid restaking protocol called KelpDAO who provided them with a liquid restaking receipt token called rsETH, except they decided to juice their yield further by depositing their rsETH tokens into a lending protocol called Aave so that they could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero that was hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry
@Pepa0000001@camila_vallejo Que baje la inflación significa que los precios suben mas lento, pero siempre suben y es lo normal en la mayoria de las economías
Parafi bought $35M of $JUP at market price, no discount, locked tokens AND got warrants to buy more at HIGHER prices.
Jupiter doing $650M in annualized fees, $150M revenue.
Token at $0.145 retesting friday lows.
These are the opportunities you wish for.
jupiter generates $1m daily fees at $587m market cap. coinbase does $3m daily at $65b. jup just shipped payment rails across asia-pacific with zero merchant fees and swift integration. they're processing more volume than 90% of solana combined but trading at 1/100th of comparable payment processors. token down 58% from highs into their biggest product launch ever.
Tether reviving the gold standard. Good step back honestly. Since the dollar decoupled, regular people have been the ones paying through inflation with no easy access to real stores of value
Long term gold won't stay scarce forever I think, but a move in the right direction
🎙️TETHER CEO ARDOINO: 'WE WILL BECOME THE GOLD CENTRAL BANK IN A POST-DOLLAR WORLD'
Tether CEO reiterates the company's stance and confirms it is buying one or two tons of gold per week, now holding 140 TONS of Gold stashed in a nuclear bunker.
🎙️TETHER CEO ARDOINO: 'WE WILL BECOME THE GOLD CENTRAL BANK IN A POST-DOLLAR WORLD'
Tether CEO reiterates the company's stance and confirms it is buying one or two tons of gold per week, now holding 140 TONS of Gold stashed in a nuclear bunker.
$SOL ETFs haven't had a single week of outflows since launch.
$755M cumulative.
$9.6M added last week while BTC and ETH saw redemptions.
Act accordingly.