Yesterday
Dog Days of Summer Threads 🧵
some forward looking thoughts from our latest markets report:
dog days of summer (part deux) 🧵
5 hours ago Tweets
Polymarket's tough road ahead
Some quick thoughts on @Polymarket.
Firstly, every election cycle since 2008 has seen the emergence of a go-to prediction market with mainstream press coverage. We've had Intrade, Hubdub (which I co-founded), IEM, Predictit and a bunch of others.
They definitely aren't new. However Polymarket has done the best job so far in (1) having a fantastic UI/UX, and (2) easy money in/out. Obviously we needed the wide adoption of crypto to make the second one possible.
The challenge for Polymarket ......
7 hours ago Tweets
Returns Since ETH ETF Announcement
returns from eth etf announcement.
sol/eth basically flat, most of the rest down bigly. the entire eth move was also in a single candle so if you rotated after the announcement you're down a lot.
12 hours ago Tweets
Demand Elasticity on Arbitrum
The article discusses the importance of understanding demand elasticity in the crypto industry for making strategic decisions. It highlights the impact of changes in gas fees on user behavior and the challenges in measuring demand elasticity. The Pantera Research Lab estimated Arbitrum users' demand elasticity and how it changed after an upgrade. The article also delves into the debate around fee switches and the implications of user elasticity. It presents a study on estimating demand elasti......
12 hours ago Reads
Kyle Samani on Prediction Markets
0/ Thoughts on predictions markets (PM)
TLDR - what matters is regularity
12 hours ago Tweets
25th July 2024
Warren Co-Sponsor Withdraws from Bill
🚨 Incredible. Senator Marshall has officially withdrawn support of the Warren/Marshall bill (DAAMLA)
This is a bill we have been opposing for several years. It’s a backdoor ban on blockchain technology by creating impossible compliance requirements for miners, validators, etc.
1 day ago Tweets
Uniswap X analysis
It’s been almost a year since UnixwapX’s launch - bringing offchain liquidity to the largest DEX.
What happened? The AMM continues to fill 60-80% of total volume, even substantial volume of major tokens on CEXs.
@jphackworth42 and I explored why: https://blog.variant.fund/the-future-of-dex-trading
1 day ago Tweets
Aavenomics temp check
The article discusses a proposal for AAVEnomics update aiming to enhance the Aave protocol's fee switch mechanism under the Safety Module Umbrella update. The proposal involves segregating coverages, optimizing debt clearing efficiency, and introducing new concepts like Anti-GHO tokens. It outlines a multi-step journey towards Umbrella Activation and highlights the importance of revenue sharing and community consensus in driving protocol growth. The article also suggests redefining the roles ......
1 day ago Reads
BitMEX Research: PoW vs PoS – Economic Cost To Attack
PoW vs PoS – Economic Cost To Attack
We address the misconception than PoS networks are inherently much more expensive to attack. We conclude by arguing that in theory, the costs to attack each type of network is more similar than many may think.
https://blog.bitmex.com/pow-vs-pos-economic-cost-to-attack/
1 day ago Reads
Sandwich Resistant AMM
1/ Here we describe an AMM design that removes the profitability of atomic sandwich attacks on L1 blockchains.
Today, sandwich attacks cost retail users hundreds of thousands of dollars per day, on both Solana and Ethereum.
Quoting Umbra Research (@UmbraResearch)
A SANDWICH-RESISTANT AMM
In this post, @jarxiao, @FrankieIsLost, @0xShitTrader, and @danrobinson introduce an AMM design that protects swappers from frontrunning attacks. This is an application-layer mitigation to atomic sandwic......
1 day ago Tweets
Zero-Knowledge Proofs: An Introduction to the Fundamentals
Learn the theory, mathematics, and cryptography that power the most powerful devised by cryptographers — zero-knowledge proofs
1 day ago Reads
Delphi Pro - ETHCC: One Year Later, Have we Made Progress?
Was ETHCC as depressing as CT made it out to be, or were there things to be excited about? We'd argue the latter, with things like DEX design, TEEs, Preconfs, Based Rollups and Chain Abstraction all being important topics during the week in Brussels. In this report we'll dive into what we considered the major takeaways from Brussels. It's an important inflection point for Ethereum & modularity, and the path is unclear.
1 day ago Reads
MarginFi Launches "Arena" to Short Memecoins
🚨BREAKING: @marginfi introduces The Arena (@mrgnswap), allowing users to long/short any token on @solana with leverage.
1 day ago Tweets
Zeller Proposes Aave Fee Switch
Leveraging the introduction of Umbrella,
It’s time to upgrade the $AAVE role in our ecosystem.
Let’s explore this together:
https://governance.aave.com/t/temp-check-aavenomics-update/18379
1 day ago Tweets
Jito Announces Restaking
1. Announcing Jito Restaking: A Next-Gen Infrastructure Platform
The Jito Foundation is excited to release the code for Jito Restaking, a hybrid staking, restaking, and LRT module. 🤝
Wtf is that? Lets dive in. ↓
1 day ago Tweets
$700k of Jito Tips in One Hour
Good day to be a solana validator.
In one hour, 4,100 SOL ($700k USD) of MEV tips across the network.
One lucky validator earned a 1831 SOL ($311k) tip.
Quoting seg | bip-420 (@segfaultdoctor)
Jito validators eating good rn
1 day ago Tweets
Does MegaETH work?
The MegaETH whitepaper says they’re an EVM-compatible, real-time blockchain built to bring web2-like performance to crypto. Their purpose is to elevate the experience of using an Ethereum L2 by offering stat boosts like over one hundred thousand transactions per second, less than one millisecond block times, and one cent transaction fees.
1 day ago Reads
24th July 2024
The path to general computation on Bitcoin
The article discusses achieving general computation on Bitcoin, overcoming limitations using Taproot upgrade and OP_CAT opcode. It explores covenants and STARK Proofs for enabling computation on Bitcoin, offering scalability, expressibility, safety, and flexibility. It explains the UTXO model, Bitcoin script limitations, challenges of state-keeping, smart contracts via covenants, and STARK verifier. The focus is on off-chain computation with on-chain verification to enhance Bitcoin scripting ......
2 days ago Reads
ETH Beta Analysis
There has been lots of discussion surrounding the long ETH beta trade, the assumption being that, with the tail wind of the ETF, ETH will reprice upward and ETH betas offer more upside. While a logical thought process, does the data back this up?
Our findings indicate that, over the observed period, the de facto ETH beta options (DeFi and L2s) have underperformed ETH on both an absolute and risk-adjusted basis. Moreover, all observations, bar two, underperformed BTC on a relative and risk adjus...
2 days ago Tweets
ORE Recap & Updates
As we get ready to mine again, I want to take a minute to recap the origins of ORE and how we got to where we are today.
🧵
2 days ago Tweets
VanEck - $3M BTC by 2050
We lay out the case for BTC getting to $3M
https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-bitcoin-2050-valuation-scenarios-global-medium-of-exchange-and-reserve-asset/
"It is also important to remember that the United States and its Western allies have shifted increasingly towards the expensive bureaucratic management of issues rather than cost-effective solutions. Increasingly, layers of management and bureaucracy interject themselves to bloat the costs of all manner of socia...
2 days ago Tweets
Privy Launches on Solana
1/ We are thrilled to launch Privy’s Solana support!
Solana has cultivated an ecosystem of thoughtful builders focused on world-class experiences.
We saw this building alongside @tensor_hq’s @VECTORDOTFUN and incredible teams @BAXUSco, @HypeshotHQ, @loredotxyz, @prerich_app.
2 days ago Tweets
Solana Hackathon Submissions Over Time
relentless
Quoting Craig Burel // (@CraigBurel)
Relentless wave of new devs and apps on Solana, and you’re bearish?
2 days ago Tweets
Proton Releases BTC Wallet
Starting today, @ProtonWallet early access is available.
Proton Wallet is a safer way to hold and transact in Bitcoin. Features like #Bitcoin via Email make sending #BTC as easy as sending email while being self-custodial.
Learn more & get early access: https://proton.me/blog/proton-wallet-launch
2 days ago Tweets
ProtonMail email addresses are now bitcoin receive addresses
holyyyyy
@ProtonMail email addresses are now bitcoin receive addresses
2 days ago Tweets
Delphi AI Is Live - Submit Fundraising Decks to our AI
Founders can now submit their investment decks (PDF or Whitepaper) directly to Delphi's AI. The AI will analyze the information and forward relevant information to a Telegram group with the entire Delphi Ventures team. This is the easiest way to get your project to our ventures team and requires only a PDF, no manual fields whatsoever.
Submit your deck now: https://x.com/Shaughnessy119/status/1816126833768956278
2 days ago Tweets
ZK Compression is now live on Solana Devnet
Big news:
ZK Compression is now live on Solana Devnet.
Brick by brick.
If you're a Solana builder, check it out now:
* 100x-1000x cheaper rent
* Full indexer support by @heliuslabs, integrated into Light's development CLI
Simple 2-step migration guide from zkTestnet below.
2 days ago Tweets
SNARK verified on Bitcoin signet using BitVMX
🚨 MAJOR ANNOUNCEMENT 🚨
For the first time in history we have demonstrated it’s possible to interactively verify a SNARK proof on #Bitcoin using BitVMX.
https://mempool.space/testnet/tx/5823cd98bf69d0b170365040408263864b70e2299297f30f6dd3d7da1802bdc4
No changes to the Bitcoin protocol required. Further details to follow.
2 days ago Tweets
