Pho Queue 🐍 ₳ 👽

constantly iterating.

[Everstake @everstake_pool]

The Cardano team has done a fantastic job creating a staking model that truly prioritizes simplicity.

Clear, easy-to-digest guides like this show just how much effort goes into making the technology accessible for everyone. Kudos to the team for the great work and continuous education! Proud to support the Cardano ecosystem.

[Cointelegraph @Cointelegraph]

🔥 LATEST: Volvo Group is exploring blockchain for supply chain optimization, Ivan Branco said in an interview with the Cardano Foundation.

[Everstake @everstake_pool]

Since the beginning of the year, @Cardano's daily transaction count has increased by an extraordinary 4,457%.

The network has been sustaining significantly higher transaction levels, showing that network usage is building on a much stronger foundation than before.

As infrastructure improves and adoption continues to grow, the network is demonstrating exactly the kind of organic progress that long-term blockchain ecosystems strive to achieve.

We're proud to support the Cardano and grateful to be part of such an inspiring community. The future looks incredibly exciting.

[☯️Jon Kravetz @CSWAP_Destroy]

I sincerely wish IOG venture teams the absolute best, but until IOG establishes a track record of commercial success...betting the future of Cardano on a few internal IOG startups is not exactly what I'd consider in the best interest of ADA holders.

There are those of us who have proven we can execute over many years.

We released @btc_karma which is the first step in Cardano Bitcoin DeFi....allowing Bitcoin holders to stake their Bitcoin to earn Cardano rewards.

An initiative like this deserves ecosystem support. It is not designed to be profitable immediately....it is designed to incentivize Bitcoin holders to come to Cardano...to create trust. 🤝

We had a catalyst grant prepared, but then it got cancelled. Now we are footing the cost for this ecosystem growth initiative with no way to get support for our work.

Later in phase 2, we will provide cardano deFi opportunities to Bitcoin holders so that the Bitcoin can become productive capital on Cardano.

Expecting us to go at this alone is really not in ADA holders' best interests...and its not fair to my team and our community.

Believe it or not we've always built solutions that align with ADA holders interests...we thought this was the right way to grow Cardano.

If only we had more support, who knows what we'd be capable of. I strongly believe in my team and the solutions we've built on Cardano.

We are not the problem here. I sincerely hope that dReps and the founding entities to work together to create a better path forward for the ecosystem.

The status quo is unacceptable and Cardano needs to change course immediately.

[Cardano Foundation @Cardano_CF]

Staking on Cardano:

No lockups, no slashing.
Rewards every 5 days, auto-compounded.
Your $ADA stays liquid, and stays in your wallet.

Here's a quick Cardano Academy explainer that covers how it all works.

[Pho Queue 🐍 ₳ 👽 @wimpyguy69]

@cardano_guppy @panosev @bobasfk There's a Trans person in the movie. These snowflakes can't handle it 🤣

[Pho Queue 🐍 ₳ 👽 @wimpyguy69]

@Sssebi @RottenTomatoes You don't like Matt Damon? 🤯

[☯️Jon Kravetz @CSWAP_Destroy]

At this point I could create a time machine that gives free handjobs and nobody on Cardano would care. 🤣

[☯️Jon Kravetz @CSWAP_Destroy]

People are starting to wake up to the fact that we need to grow the Cardano ecosystem. I've been saying this for years. Our products are specifically designed to grow the Cardano ecosystem.

These two are especially important:

@CswapDEX
@btc_karma

CSWAP Dex, if utilized properly can attract new LP to Cardano. This is because of how we designed the economics of the protocol. The 100% revenue share and locking mechanisms create long term buy pressure on the token as it scales with volume. This can absolutely attract the attention of external LPs, but we never had proper support from founding entities as far as seed liquidity goes...and projects are like sheep jumping off a cliff...putting everything on DEXs that CAN NOT attract external LP without external subsidies. (Alpha Growth)

BTC Karma can attract top of the funnel bitcoin TVL to Cardano that can be monetized in phase 2 where we collateralize Bitcoin against Cardano stables. The bitcoin stays on the Bitcoin network but the defi activity takes place on Cardano. Why is this not a bigger deal?

Am I delusional or something?

In both instances we've created organic incentives that will work if they are properly utilized and supported by the founding entities and the community.

We've done all we can to try to help. We've explained it in a multitude of ways. If Cardano doesn't leverage what we've built, then I don't know what else there is to say. We tried?

[Matt Scheff 🐍 ᛤ @scheff_matt]

Support builders. @fluxpointstudio @realdecimalist

[deci @realdecimalist]

would like to introduce you all to sextant

a read-path verifying client for Cardano. trust-minimized substrate that checks the chain's cryptography on its own code path, in Rust, with C-ABI and WebAssembly targets.

https://t.co/tUqKmFPftx

[Pho Queue 🐍 ₳ 👽 @wimpyguy69]

@pogun_io @btc_karma already did this. Sounds like they showed you their work back in January too...

This is shady copycat business. Smh.

[☯️Jon Kravetz @CSWAP_Destroy]

Just going to leave this here for anybody who wants to know who Cardano's bitcoin DeFi strategy came from.

And they say Cardano projects don't innovate...

Our product @btc_karma is live on mainnet and already growing Cardano Bitcoin TVL.

Phase 2 coming soon.

cc: @ProofofPierre

[☯️Jon Kravetz @CSWAP_Destroy]

Pay attention to me for once.

We've been saying for months that Bitcoin needs utility, not another wrapped representation.

BTC Karma shipped Phase 1 on Cardano before Sui shipped Hashi. Remember this when you say Cardano teams don't innovate.

One of the industry's best-funded L1 teams is pursuing a very similar vision for Bitcoin to our @btc_karma .

Phase 2 of BTC Karma will allow for native BTC to be collateralized in to Cardano stables and deployed across composable DeFI strategies. We are already on pre prod with phase 2.

We've been working on this for a year and all founding entities have known about this.

The difference?

Sui is backing its Bitcoin strategy with institutional partnerships and significant ecosystem support.

Meanwhile, we're being expected to build one of Cardano's flagship Bitcoin initiatives largely on our own?

If Cardano wants to compete for Bitcoin liquidity, maybe we need to think about supporting the teams that are actually shipping.🤦‍♂️

[☯️Jon Kravetz @CSWAP_Destroy]

Not only do independent Cardano liquidity providers not understand why moving LP to CSWAP is important for the health of the ecosystem. Projects don't either.

It's really simple math. Bad DEX tokens can NOT attract liquidity from outside of Cardano.

Our token is designed to scale in price with volume since it offers 100% revenue share. We designed the perfect dex token for Cardano's situation and the entire chain faded us.

I don't know how many ways I can explain it.

People are not going to bring liquidity to Cardano to earn a minswap or sundaeswap token. PERIOD.

They launched at 1B and 2B valuations respectively and their tokens are inflationary dog shit that nobody wants.

Either adapt....or whine and complain about it some more. I've tried everything.

We gave the ecosystem a solution, and you don't use it. Go complain some more and maybe that will do something.

[Matt Scheff 🐍 ᛤ @scheff_matt]

I've recently dropped back into a few discord groups that I'd not visited in a while. It looks like @fluxpointstudio has been cooking!! Despite the bear @realdecimalist has not slowed down at all. Getting excited about this again.

[☯️Jon Kravetz @CSWAP_Destroy]

This is what Bitcoin DeFi execution looks like on Cardano.👇

This isn't some obscure Cardano Bitcoin product.
This is a sexy Bitcoin product built on Cardano-rails.

No wrapping.
No bridging.
No giving up custody.

We built this to bring Bitcoin liquidity in to the ecosystem.💙

[CSWAP | DEX @CswapDEX]

BTC Karma’s staking portal is live on mainnet.

Users can already stake BTC and position ahead of $KARMA emissions starting July 25.

CSWAP Dex is proud to support the liquidity layer for BTC Karma as we expand Bitcoin-native DeFi access on Cardano.

[BTC Karma @btc_karma]

The BTC Karma staking portal is live on mainnet.

Stake $BTC. Keep custody. Prepare for $KARMA emissions beginning July 25.

We are currently in TVL bootstrap mode, and early participants can position before emissions begin.

Start here: https://t.co/yXVH8m4say

[deci @realdecimalist]

in the last two months. with just 1 protocol from @fluxpointstudio

don't @ me bruv