𝟕𝟕𝟕 ♰

vampireangel.

[𝟕𝟕𝟕 ♰ @vrtualsniper]

dragalicious S7 | $

[𝟕𝟕𝟕 ♰ @vrtualsniper]

#roblox

[𝟕𝟕𝟕 ♰ @vrtualsniper]

looking for set builders & editors budget is like £300

[𝟕𝟕𝟕 ♰ @vrtualsniper]

@GoreHag @kawaiipsycholol @SHEMZRBLX

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@basedtrannydoll love

[𝟕𝟕𝟕 ♰ @vrtualsniper]

week one ; (win) ✮

[𝟕𝟕𝟕 ♰ @vrtualsniper]

dragalicious S7 | $

[𝟕𝟕𝟕 ♰ @vrtualsniper]

studio photo ; ✩

[𝟕𝟕𝟕 ♰ @vrtualsniper]

@Thedivaicon woww

[𝟕𝟕𝟕 ♰ @vrtualsniper]

this was too good wow

[𝟕𝟕𝟕 ♰ @vrtualsniper]

𝐬𝐭𝐮𝐝𝐢𝐨 𝐩𝐡𝐨𝐭𝐨𝐬 ; 🎪

[𝟕𝟕𝟕 ♰ @vrtualsniper]

@Pixi_o07 so cute

[𝟕𝟕𝟕 ♰ @vrtualsniper]

@dalraeRBLX exactly

[𝟕𝟕𝟕 ♰ @vrtualsniper]

@ZtiRBLX the prettiest

[Param @Param_eth]

Nigeria has some of the best crypto developers in the world.🇳🇬

I’ve worked with Nigerian devs so many times and they’ve always impressed me.

But I rarely see Nigerian Web3 founders.

Why is that?

[Ansem 🐂🀄️ @blknoiz06]

there will be 10+ 0->1B+ crypto protocols formed over the next 12-18 months, mostly driven by RWAs moving on-chain + increased interest from talented developers realizing the immediate incentive alignment & made easier by constantly improving AI models

[James Bull @thejbullmarket]

There are now 28 Robinhood utility projects above $1M.

1. ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 at $250M, launchpad
2. solana:92LKNLj4aU9sjUKkgH5mQCuQTPSr42HwF2QrdWDApump at $50M, stock reflection token
3. $STATICS at $30M, bundle 1-16 assets into 1 token
4. $DELTA at $25M, Meteora for Robinhood
5. $INDEX at $20M, create your own index of stocks and receive reflection as stocks
6. $HOOKR at $17M, Uniswap hook launchpad
7. $ARROW at $10M, RWA
8. clan-tech:native at $7M, friendtech for RH
9. $BOW at $6M, Borrow USDG against tokenized stocks, crypto, RWAs and memecoins
10. $DTF at $6M, one token for any basket of assets you pick
11. $HOOD10 at $5M, index of the Top10 RH projects
12. $PROLOGUE at $5M, intelligent fee rerouting with 100% APY for ETH pools
13. $EARN at $5M, earn yield on RH assets, TVL only $50k though
14. $PAID at $5M, launchpad for tokens paired with stocks
15. $TWO at $4M, the same dollars earn lending yield while they rest and trading fees the moment a swap needs them.
16. $WTH at $3M, V4 hooks
17. $FIRE at $3M, get more stock rewards the longer you hold the token
18. vexanium:native at $3M, DeFAI AI-agent trading
19. $CNPY at $3M, launch AI-agents with a token, only $5k in fees so far though
20. $MAST at $2M, turn stablecoins instantly into a distribute stock portfolio
21. ethereum:0x7987f03462200b3d8a072e02c89a8a41dcb124ee at $2M, Build and launch custom Uniswap v4 hooks
22. $STACKERS at $2M, Eleven tokenized stocks and USDG, plus the Pons ecosystem: PONS, ethereum:0x3fe29f85bd9b11ee79ce69374b5560d8f4488fb2, HMM and YOLO. Pick up to three, split your hourly earnings between them. Your split decides what you collect, not how much.
23. $0xZAPS at $1.5M, bundle a number of transactions into one, designed for AI-agents
24. solana:H1m95xHQiVwx39tkZGYDo8Bvyp1QJX8sVzYiPLtqPooL at $1.5M, launchpad with huge runners such as $HOOKR to $20M, $PROLOGUE to $10M, $FRONG to $5M
25. $SCOPL at $1.5M, let your limit order generate fees
26. base:0x0b3ae50babe7ffa4e1a50569cee6bdefd4ccaee0 at $1.4M, spot, perps and prediction markets on Robinhood Chain — driven by a single command from X, Telegram or the web. No app. No seed phrase. Your keys, always.
27. $VYN at $1M, turn a liquidity position into a plain ERC-20 you can trade, lend or post as collateral.
28. $VLR at $1M, $PEAS for Robinhood, wrapped tokens.

They all seem quite bullish, especially 9-27.

$EARN and $CNPY seem the most overrated though since they have very little adoption for quite high MC.

[vitalik.eth @VitalikButerin]

Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing. This post discusses how the Ethereum Foundation is approaching defi.

Defi today makes the world's best savings, risk management and wealth-building opportunities permissionlessly available worldwide. We need to build on that.

Ethereum's early defi era was great because it dared to dream and innovate and come up with totally new paradigms (eg. AMMs). Defi tomorrow will bring back that spirit. Don't just "make a better stablecoin", dig a layer deeper, and think about the underlying problem (risk management, hedging one's future expenses), and come up with an even better solution.

But also, as the EF, we are not interested in supporting "onchain finance" or even "defi" indiscriminately. We have a specific vision of what we want to see out of defi: permissionless, open-source, private, security-first global finance that maximizes people's control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building (the two key goals of finance according to modern portfolio theory) as well as payments. We want protocols that pass the walkaway test: that keep working even if the original team suddenly disappears without warning (or even: becomes hostile / compromised without warning).

Bringing this vision to reality will inevitably take a lot of work. Defi is a complex toolchain, including various onchain components, user-side offchain components (ie. wallet, local agent...), other offchain components, etc.

The things that we care about include areas like:

* Improving security of defi through "traditional" means, eg. audits, standards, wallet-side safeguards
* Improving security of defi through "new" means, eg. AI-assisted formal verification, user-side agents as safeguards
* Oracle security and decentralization (there's A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while)
* Privacy. Both privacy-preserving payments, and privacy of more complex use cases (eg. what does it mean to have a maximally privacy-preserving CDP? there are clearly benefits in reducing liquidation-sniping risk, but it requires hard tech to get there)
* Open source, and improving the licensing / forkability situation in defi

Ethereum is a permissionless protocol, and nothing stops people from deploying insecure protocols, protocols that enshrine ultimately unneeded centralized trust in the name of convenience, or dopamine-maximizing gambleslop. However, we *are* interested in working with anyone aligned to make permissionless, open-source, intermediary-minimizing and security and user-agency-maximizing defi ecosystem as strong as possible, so that it can be not just individuals and institutions' first choice in Ethereum, but also a globally compelling way to manage funds for anyone who needs its properties.

[vitalik.eth @VitalikButerin]

My first reaction to this was:

"And that's why I just got my $2,725 check of fileverse tokens now that fileverse has grown to the point where my dad regularly writes docs in fileverse that he sends to me"

My second reaction to this was:

"I see how this makes total sense from a crypto perspective, but it makes zero sense from an outside-of-crypto perspective ... hmm, what does this say about crypto?"

My more detailed reaction:

There are many distinct activities that you can refer to as "incentivizing users".

First of all, paying some of your users with coins that your app gets by charging other users is totally fine: that's just a sustainable economic loop, there is nothing wrong with this.

The activity that I think people are thinking about more is, paying all your users while the app is early, with the hope of "building network effect" and then making that money back (and much more) later when the app is mature.

My general view, if you _really_ have to simplify it and sacrifice some nuances for the sake of brevity, is:

* Incentives that compensate for unavoidable temporary costs that come from your thing being immature are good
* Incentives that bring in totally new classes of users that would not use even a mature version of your thing without those incentives are bad

For example, I have no problem with many types of defi liquidity rewards, because to me they compensate for per-year risk of the project being hacked or the team turning out to be scammers, a risk that is inherently higher for new projects and much lower once a project becomes more mature.

Paying people to make tweets that get attention, might be the most "pure" example of the wrong thing to do, because you are going to get people who come to your platform to make tweets, with every incentive to game any mechanisms you have to judge quality and optimize for maximum laziness on their part, and then immediately disappear as soon as the incentives go away. In principle, content incentivization is a valuable and important problem, but it should be done with care, with an eye to quality over quantity, which are not natural goals that designers of "bootstrapping incentives" have by default.

If fact, even if users do not disappear after incentives go away, there is a further problem: you succeed from the perspective of growing *quantity of community*, but you fail from the perspective of growing *quality of community*. In the case of defi protocols, you can argue: 1 ETH in an LP pool is 1 ETH doing useful work, regardless of whether it's put there by a cypherpunk or an amoral money maximizer. But, (i) this argument can only be made for defi, not for other areas like social, where esp. in the 2020s, quality matters more than quantity, and (ii) there are always subtle ways in which higher-quality community members help your protocol more in the long term (eg. by writing open-source tools, answering people's questions in online or offline forums, being potential developers on your team).

The ideal incentive is an incentive that exactly compensates for temporary downsides of your protocol, those downsides that will disappear once the protocol has more maturity, and attracts zero users who would not be there organically once the protocol is mature.

Charging users fees, but paying them back in protocol tokens, I think is also reasonable: it's effectively turning your users into your investors by default, which seems like a good thing to do.

A further more cynical take I have is that in the 2021-24 era, the "real product" was creating a speculative bubble, and so the real function of many incentives was to pump up narratives to justify the narrative for the bubble. So any argument that incentives are good for bootstrapping acquisition should be not judged on the question of whether it's plausible, but on the question of whether it's more plausible than the alternative claim that it's all galaxy brain justification ( https://t.co/iJYPFNaOgg ) for a "pump and dump wearing a suit".

TLDR: the bulk of the effort should be on making an actually-useful app. This was historically ignored, because it's not necessary for narrative engineering to create a speculative bubble. But now it is necessary. And we do see that the successful apps now, the apps that we actually most appreciate and respect, do the bulk of their user acquisition work in that way, not by paying users to come in indiscriminately.

[Murad 💹🧲 @MustStopMurad]

Every alt coin is a meme coin with extra steps.

Every cult coin is “flip the stock market” with extra steps.

[𝟕𝟕𝟕 ♰ @vrtualsniper]

@MontagRBLX can I cyber bully you