Keks (@11111) • Hey
There are many ways in the world to be happier
Publications
- **MicroStrategy founder Michael Saylor named Bitcoin the winner of 2023 and attached an image comparing the growth of digital gold with the performance of other asset👍**
- **PancakeSwap conducted another token burn - this time 8.9 million CAKEs worth $11 million.**
However, this did not affect the rate in any way - today quotes dropped below null.2. This is the worst performance since listing on Binance.
- Twitter has introduced "temporary" restrictions on viewing posts. 500 tweets per day are available to new users, 1000 to old users, and 10000 to Twitter Blue subscribers.
Elon Musk promised to increase the limits by a third in the near future. The timing of the lifting of restrictions is not called.
- This week, experts estimated the average income of a standard airdrop hunter at $9384 per address
- You can now view your transaction history on the Aave Interface!
Visit https://app.aave.com/ to explore.
- The rate of installation of bitcoin-ATM resumed growth. In May, 1392 new devices were installed, while in March, 3605 units were disabled.
The number of cryptocurrency ATMs worldwide has increased to 35065.
- Marketplace of non-fungible Tabi tokens, created in the BNB Chain ecosystem, raised $10 million.
Investors include Animoca Brands, Binance Labs, Draper Dragon and a number of other investors.
- **American woman found 12 BTC from her husband during a divorce**
During the division of property, she asked through a forensic accountant to trace her husband's assets. The woman knew that he earns $ 3 million a year, but the statement he presented clearly did not reflect all the assets.
As a result, the specialist found that the man did not declare 12 BTC worth about $500,000. Now he will have to part with part of his bitcoin savings.
- Many crypto firms may leave the US for more progressive jurisdictions if local regulators continue with unreasonable prosecution. This was stated by the head of Ripple Brad Garlinghouse.
In his opinion, Europe, the UAE, the UK and Singapore offer more clarity in the regulation of digital assets.
- The Collect module on the Lens API is adding new features:
• Put time limits on any Free Collect
• Define the supply and/or end date for exclusive Collects (Free or Paid)
Try it out today on @lenster.lens. Coming soon to @buttrfly.lens, @orbapp.lens, and other apps across the Lens ecosystem.
For devs looking to implement the new 'simpleCollectModule', dive into the docs: https://docs.lens.xyz/docs/create-post-typed-data#simplecollectmodule
- bd! A big shout-out to all the incredible innovators who participated in the @ethglobal.lens Lisbon 🇵🇹Hackathon. We're still buzzing from the energy, amazing ideas (and pasteis).
Here are the winners of the Lens Hackathon 🥁
🥇 InfluLENSer - https://ethglobal.com/showcase/influlenser-dcvrj
- An all-in-one platform for hiring Lens influencers to promote your brand. Based on the interconnection between two protocols: Lens and @talentlayer.lens.
🥈Lucky Fren - https://ethglobal.com/showcase/lucky-fren-hku8p
- A raffle module for the Follow and Collect actions of the Lens Protocol.
🥉 Lenschool - https://ethglobal.com/showcase/lenschool-ahbut
- Lenschool is a social learning platform built on top of Lens Protocol. Creators can monetize their knowledge by selling video courses. Students can enroll in courses, and connect and collaborate with fellow learners.
ICYMI dive into the new Lens SDK blog to learn how you can integrate Lens with just 10 lines of code. https://mirror.xyz/lensprotocol.eth/LtJBLD6zX_P9EYdsJ2DrT9RaCbiE2vvtajF4Md6wHr0
We also had prizes for the 5️⃣ Best Lens Integrations 👇
5️⃣ LensPub - https://ethglobal.com/showcase/lenspub-84crk
- Decentralised Academic Platform for permissionless science with verifiable reputation for public good.
5️⃣ Teasr - https://ethglobal.com/showcase/teasr-4ygp5
- Teasr is a web3 crowdfunding platform that lets video creators bootstrap financing and fans for their productions.
5️⃣ Highlight - https://ethglobal.com/showcase/highlight-pfwfz
- Shining light through the web3 mist! A minimalistic web3 user profile focusing on aggregated insights rather than assets.
5️⃣ Lenstarter - https://ethglobal.com/showcase/lenstarter-cst1r
- A crowdfunded credit line for creators where their reputation is used as collateral on-chain.
5️⃣ TBA 🤝 Lens - https://ethglobal.com/showcase/tba-lens-m8ki4
- Using ERC-6551 to create token-bound accounts that make your Lens identity and history transferable.
- **The head of the US CFTC, Rostin Benham, said that decentralized exchanges and DeFi protocols will be regulated by his department or the SEC, even if they operate autonomously or "are just code."**
- **Information 02/05/2023:**
Blur's Blend protocol issued nearly 800 loans worth more than 8,000 ETH secured by NFTs
- **Some relevant information for miners and those who follow the world of the crypto industry:**
according to media reports, the Biden administration is pushing for the adoption of taxation of miners (30% of mining costs), despite criticism from the community.
- **Omni Network** is another EVM Blockchain built on the Cosmos SDK that will provide cross-network communication between rollups and allow you to build applications that work in all Layer2 at the same time! Network security will be provided by Ethereum validators through the EigenLayer protocol.
**Public Testnet will launch** in Q3 2023 and Mainnet in 2024, with support for Arbitrum, zkEVM, Scroll, Linea and Starknet. Previously, this project was called Rift Finance.
**Investors:** Raised $18M from Jump, Coinbase, Pantera, Hashed, Spartan and Two Sigma Ventures.
- Arbdoge is airdropping their token $aidoge to all wallets that received the $Arb airdrop
If you received the $arb airdrop you can claim $aidoge here:
https://arbdoge.ai?i=0x984b18B1823Fef04A4Ca7cF1e8A0eF5359fA522F
Average claim is currently worth about 10-20$, make sure if you are going to sell to use Camelot dex, as that is where the liquidity is. Since there is an AI coin narrative and its cheap to claim I would claim it sooner than later
- Another new week full of surprises!
- ARB distribution model was designed by Nansen 🔵 🦅
+2,300,000 addresses bridged to Arbitrum before the snapshot.
Online 625,143 were eligible for ARB. Only around 30%!
What can we learn from their report?
5 key take-aways so you don't get excluded from airdrops ⚡
1/5
Eligibility Criteria:
- Conducted transactions: number, value, and time thresholds
- Arbitrum Nova: bridging & conducted transactions
- Dapps and Governance activity
- Liquidity providing
💡 Take-away: the more different activities, the better. Be active!
2/5
USD Value. I know this is a given, but it's important to stress out.
• The majority of wallets transact on small USD amounts
• The majority of wallets got small airdrops (USD value terms)
💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it!
3/5
The number of transactions
• The majority of the wallets made 1-2 transactions (1M+ wallets)
• Only 100k wallets made 50-100 transactions
Median = 3
Average = 28
💡 Take-away: more transactions = more valuable airdrop.
Become a recurring user.
4/5
Sybil wallets:
• The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop
• Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop
• 172k wallets excluded
💡 Take-away: be user, not a "hunter"
5/5
Negative criteria ⚠️
This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB.
These users got less ARB:
• All transactions in a 48h period
• Interacted with only 1 smart contract
• Low ETH balance in Snapshot day
There's a lot more data in their official report.
Read the full blog post here:
🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community
Join alpha discord: https://earndrop.io/discord
- Massive news today: Shanghai Upgrade date confirmed 📆 ⚡️
• 16.5M ETH has been staked so far (~30B USD)
• 25% solo stakers. 30% LIDO. 12% Coinbase.
• Date: 12 April, 2023
🧵 Thread: How do ETH withdrawals work? Who are the stakers? Can all of this affect ETH price?
1/11
• What is the Shangai Upgrade? The road so far
As you know, with The Merge ETH migrated from POW to POS.
In POS, ETH is staked to secure the network. People have been staking ETH since December 2020.
2/11
• What is the Shangai Upgrade? The road so far
Up until now, stake ETH was one-way. Stakers could not withdraw it.
However, LSD solutions such as Lido appeared and allowed people to mint tokens such as stETH which are close to 1:1 trading, enabling staked ETH liquidity.
3/11
• What is the Shangai Upgrade?
The Ethereum network is set to upgrade in Apr 12th 2023.
The upgrade will bring changes to the network, including the ability to withdraw staked ETH, worth 30B USD.
Not all ETH would be able to be withdrawn at once.
4/11
• Who are the stakers?
Lido: 29%
Solo stakers: 25%
Coinbase: 12%
Kraken: 7.5%
Binance: 6.1%
Others: 20.4%
5/11
• How much ETH will be withdrawn?
Not all 15M ETH can be withdrawn at once. There is a queue for validators to gradually unlock it.
There are two types of withdrawals, partial and full.
6/11
• Withdrawal types
1. Partial: only interests out, not capital (staked ETH). Maximum amount of ETH possible to be taken is 1M or 1.6B USD
2. Full: interests + capital. Rate limited to only 54,000 ETH/day
(7 validators/epoch. 225 epochs/day) | (24*60)/6.4*7*32 = 54,000
7/11
• Sell pressure
With 50,400 max ETH withdrawable per day, that's 80M maximum potential sell pressure daily.
Last 24hs ETH trading volume was 9B according to CoinGecko.
80M is less than 1% ETH's last 24hs trading volume.
8/11
• LSD = Liquid Staking Derivatives
We also need to consider that ~57% of ETH stakers have liquid access to their ETH thanks to solutions like Lido or Rocketpool.
So these people could have sold long ago, they did not have to wait until April 12 like the other 43%
9/11
• ETH issuance in POW?
Before The Merge, block reward was 2.2 ETH per block. At an AVG rate of 15 seconds/block, that is around 11,500 ETH per day.
10/11
Some of the information from this thread was taken from this report by Binance Research: 🔗 https://research.binance.com/en/analysis/ethereum-shanghai-upgrade
And Dune: 🔗 https://dune.com/hildobby/eth2-staking
11/11
Final thoughts on Shanghai
• The Shanghai Upgrade is a crucial step in the development of the Ethereum network.
• It might cause some price movement in the short term, but for me it is bullish for the ecosystem long term.
ETH has been deflationary in the last 7 days.
Join Alpha Discord: https://earndrop.io/discord
- White Rabbit
- I just voted "Yes" on "Additional PancakeSwap Farm Proposal" https://snapshot.org/#/stgdao.eth/proposal/0xe9ee47fa9148b1ef9820dcb6504b423f99d0bc4243e917beee12018e234dbb48 #snapshotlabs