@thenarrator Simple solution is a MM with an in-house fair value engine. Price the long tail yourself, and quote around the model with massive flexibility around inventory. The bet is that volume follows once the liquidity existsβ¦@TychePrime
The rehearsal is over.
After months of building, testing, and stress-testing, Dango Mainnet Alpha is online.
This is our first step onto mainnet.
Early, experimental, and real.
Step in at https://t.co/k1REubETnu π‘ (1/7)
gm players, we hope you're glued to the HYPE 1m chart as we continue to hit new ATHs. With the HL spot eco heating up, we hope you've been bidding using /buy. Points for the week have been distributed. Use /points to view your points.
β‘οΈ Product Updates
As we welcome all the new players joining the arena this past week, we've been working hard on scaling our systems and improving bot performance. Commands should be faster and bridging should be seamless now.
βοΈ Clan Wars
Congratulations to the following clans for placing in the top three in the past week:
1. SM Cabal earned 3000 bonus points
2. PVP Cabal earned 2000 bonus points
3. NPU: LEV201 earned 1000 bonus points
π Top Traders
Congratulations to this week's top traders:
1. smartestmoney.hl: +$2.9M PNL
2. π¦: +$248k PNL
3. Horrify: +$202k PNL
A new week has begun. Best of luck to all challengers in the week ahead. β οΈ
β οΈ Are you ready to enter the arena? This is where heroes will be made.
Invites to the private beta dropping in the next 24 hours. DMs open, notis on, retweet and follow @pvp_dot_trade.
as another potential exploit hits the TL, it's a good time to think seriously about your op(erational)sec(urity)
having all your coins wif and wifout hat drained because of one mistake is pure, chest thumping, cold sweat inducing pain - so let's take steps to avoid it now, rather than ruminating on what we could have done after
1. always check the URL
this is simple and important, check the url in your search bar is the one you expect, you can create a bookmark folder of all the web3 sites you visit and make sure the URL of the site you're on matches up with the bookmark
this will not protect you if the site itself has been exploited, but some of the below tools can help that eventuality
2. use a 'smart wallet'
@Rabby_io gives you tools and information to help protect your assets, it allows you to whitelist contracts that you use regularly and trust (like Uniswap/bridges/NFT marketplaces), so if the website throws you an unwhitelisted contract, you'll know to be careful and that it could well be malicious
it also tells you how popular the contract is, and some details about the specific transaction you're signing
3. separate your assets
don't keep your eggs in one basket, i recommend the T(hree)A(ddress)P(rotocol) popularised by @punk6529, it looks like this:
T. minting wallet, no assets held - used for minting and other less trusted contracts
A. transaction wallet, assets held that are actively used - only interacts with bluechip and trusted protocols
P. vault, doesn't interact with protocols - assets are stored only
but like flossing every day, reality often gets in the way, so if you can't stick to this, at least use a hardware wallet for your high value assets and split them up amongst different addresses, because even while using a hardware wallet you can still get drained if you sign a dodgy transaction
4. use a password manager
the best money i spend every month is on @1Password. password managers in general are outragerously good value and outrageously underrated.
you can use it to generate and save passwords for your wallets and applications, which means you can have unique passwords for everything
it can also be used to hold seed phrases, i don't recommend this but it's miles better than saving them on unlocked Notes - the biggest risk to your seed phrase is losing it, so if you choose to store it physically, keep it in different physical locations and remember where they are
for bonus points you can use Apple's 'Hide my email' feature, so you have a unique email as well as password for every application
5. use twitter best practices
the two ways you can get hacked on twitter are clicking on a link from a fake account, or hacked account
with both you have to be extremely cautious if something launches suddenly, like an nft mint or an airdrop, even from an account you follow
for fake accounts, if you follow trusted people and projects, then you usually tell whether an account is fake or not by who follows it - be especially careful of fake posts under a real post, someone that followed @blknoiz06 got drained of $12 million last week because of this
for hacked accounts, using our practices above like whitelisting trusted contracts and checking the URL against your memory/records will help keep you safe, also two of the tools below flag on twitter itself if an account is reportedly compromised
6. use web3 firewall extensions
a. @DefiLlama's chrome extension
as well as some cool wallet labelling and asset pricing features on etherscan, defillama flags when they think an account has been hacked on twitter by turning the post's background red, it can give some false positives but better safe than rekt
b. @PocketUniverseZ
pocket universe scans each transaction, show you what it means and gives you the green light if it's safe. it backs up its green light by insuring the transaction by up to $2000. it also hides flagged content on twitter
c. @wallet_guard
this is the closest of the three to a traditional firewall, as well as screening each transaction and breaking it down so it's easy to understand, wallet guard scans your wallet addresses for risky approvals and generates transactions to help you revoke them
7. get advice
we're lucky that we have access to an ex-fed who's on our side in @beausecurity. beau will give you a written risk assessment and a personalised security plan on your current opsec practices, for holders it's free and for everyone else it costs less than the BAYC mint price (.05 eth).
8. turn off mobile 2fa
simcards can be swapped, so a hacker receives your 2fa passcode instead of you. use a password manager like 1password to store your one-time-password codes. delete your phone number from twitter, you don't lose your verified status and as well as protecting you, it also ensures your account isn't used as part of a phishing scam.
and that's it for this post. these are in no way definitive or the most secure way of doing things - people will tell you to only use TAP and to never click links from twitter at all - but this list is easy to implement and be consistent with. choose your opsec based on your individual risk profile and discipline.
if you've got something of value from these practices, please retweet so it's amplified.
Announcing CryptoTheGuide.
A guide where you can refer to when you want to explore a new ecosystem or share with your frens.
The goal is to aggregate everything you would need to easily explore a new ecosystem.
https://t.co/Wmvj3vjtcX