0xNightingale (@33445566) • Hey
Web3 Analyst, NFTs, Trader
Publications
-
DackieSwap has been deployed on Base, a native Decentralized Exchange. Join Discord channel to stay updated on the upcoming Testnet and be part of this journey!"
https://twitter.com/UniverseOnBase/status/1647329654171394049?s=20
- Let’s fucking JOE!!
[Token Terminal on Twitter](https://twitter.com/tokenterminal/status/1646459277463232513)
“Top fee-generating DEXs in the past 7d
Trader Joe rising up the ranks 📈”
- Short-term 1-1.3$, might take some profit and reallocate again when it's drop down, I'm plan to hold till bull run for this
- Short-term 1-1.3$, might take some profit and reallocate again when it's drop down, I'm plan to hold till bull run for this
- GM!!
- LFG!! HODL Tight
- Feeling like $Joe will be the next narrative in the next fews days
- Built on @memester-xyz.lens
- 💟friendship campaign
▪️ Comment & mirorr
▪️ Follow those who commented and if someone follows you, follow them
▪️ This is how we follow each other...thanks
- 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Not all ETH would be able to be withdrawn at once.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• How much ETH will be withdrawn?
Not all 15M ETH can be withdrawn at once.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
- Reviewing your @lensprotocol earnings using the dashboard.
- Highly recommended
[Trader Joe🔺💙🔶 | 🌊📘 on Twitter](https://twitter.com/traderjoe_xyz/status/1640741601088503811)
“Liquidity Book is novel protocol, offering a hybrid AMM <> CLOB style experience.
LB was built from the ground-up and truly empowers Liquidity Providers and Traders alike by offering a very different experience from all existing concentrated liquidity AMMs.
Learn why 👇🌊📘”
- Very useful function, love it ❤️
[DeBank on Twitter](https://twitter.com/DeBankDeFi/status/1640308454287118337)
“1/2
Tax reporting gets you down? Especially for your crypto earnings? 😤
We feel you! DeBank's got your back with our new "transaction history export" feature to ease it a little bit!
You can find a "Download CSV" button on your transaction history page after you logged in.”
- AlicΞ lens wordcloud 🌿
you can create your lens wordcloud thanks to @rickydata.lens (and the awesome public lens BigQuery dataset) -> https://lenster.xyz/posts/0x0102cc-0x0110 👏👏👏
- Create funny and dank Lens memes. We’ll mirror and highlight our favorites.
We are running a competition on @memester-xyz.lens! Go to https://memester.xyz to submit your entry!
- 💚💚Our community made these wonderful telegram @lensprotocol.lens stickers, thank you friends!
Who wants to have these stickers - welcome to our chat
https://t.me/lensprotocolruchat
- Great news
[Quix 🔴✨ on Twitter](https://twitter.com/qx_app/status/1630414685416857600)
“We've got some major news to announce! The looming shutdown of Quix Marketplace is no longer happening. We can't reveal too much yet, but a prominent player from the web3 gaming space has a plan to keep the mission and community of Quix alive! Stay tuned for more announcements.”
- The L2 game is fire, wish we see a good adoption of Optimism
[Optimism (✨🔴_🔴✨) on Twitter](https://twitter.com/optimismFND/status/1628762307567185927)
“Today, we welcome a new entrant to our ecosystem: @Coinbase.
They are launching a new L2 blockchain called 'Base'
Built on the OP Stack 🔴_🔴
Coinbase also joins @OPLabsPBC as core contributors to the most OverPowered public good in the game.
https://t.co/H1CRC6E1YB”
- I just voted "In Favor" on "RFP-9: Improve RDNT Liquidity and Expand POL - Protocol Mechanics" https://snapshot.org/#/radiantcapital.eth/proposal/0x35eee1016fcb6251a0178f546a9d4446a0aac5e907441713f5daded205e36d2a #snapshotlabs
- Don’t sleep on this, Public sale on 20 Feb
[Factor 🏭 on Twitter](https://twitter.com/FactorDAO/status/1626636907869540352)
“🏭 We're incredibly excited to announce that our full docs are now available!
Eight months in the works, we can't wait for our public launch in three days' time.
Feast your eyes on how Factor works, how it'll be used, and what's to come 👇
https://t.co/ivmM1Er7Qt”
- Can we guess many fud about Binance we will see this year?
[CZ 🔶 Binance on Twitter](https://twitter.com/cz_binance/status/1626617772019965952)
“4. False.”
- $RDNT Vaults on Plutus Dao coming, very bullish on this
[PlutusDAO on Twitter](https://twitter.com/PlutusDAO_io/status/1626295369880731648)
“pls❇️
Coming much sooner than you think. 😏”
- Zksync Mainnet coming 🔥🔥
[zkSync ∎ on Twitter](https://twitter.com/zksync/status/1626235292268240902)
“The wait is over.
All aboard zkSync Era∎ Mainnet!
Today, Ethereum's first zkEVM is:
• Opening mainnet to builders 🥳
• Adopting a brand new name 🎈
• Open-sourcing its entire codebase 🎆
https://t.co/PoZeliPU8t
1/8”
- $RDNT V2 estimate to migrate on 21 Feb, another pump coming?
[Radiant Capital on Twitter](https://twitter.com/RDNTCapital/status/1625579906502475776)
“Wen V2?
Radiant is undergoing the final stages of audits with @zokyo_io & @peckshield.
Then a final internal test to ensure everything is working completely.
Estimated Feb. 21 @arbitrum launch & migration, then @BNBCHAIN the following week!
What do you need to do prior? 🧵1/4”
- **Improvements in this release**
We have added several new hooks in this release to help our community, highlights below 👇
📰 Ability to collect a publication
✅ Enabled approving modules (gas efficient with support for EIP-1559 gas estimation)
🪞 A new feature that allows you to see who mirrored a publication
💬 Expanded the filtering of feed, with explore publications and comments data
**What's new?**
Added **`useCollect`** hook enables the collection of publications
Added **`useApproveModule`** and internal toolings for EIP-1559 gas estimation Added **`useWhoMirroredPublication`** hook Added **`metadataFilter`** to **`useFeed`**, **`useExplorePublications`** and **`useComments`** Added **`IStorageProvider`** **`StorageSubscription`** **`StorageProviderSubscriber`** and **`IObservableStorageProvider`** to the package exports
Removed the **`walletType`** argument from the **`login`** method of **`useWalletLogin`** hook Removed **`IStorageProvider.subscribe`** method (use **`IObservableStorageProvider`** when custom subscription logic is required)
- $RDNT is on spot now 🔥🔥🔥🔥
[Arbitrum-Based Radiant Capital Targets Outsized Platform Profitability With V2 Launch](https://www.coindesk.com/tech/2023/02/10/arbitrum-based-radiant-capital-targets-outsized-platform-profitability-with-v2-launch/)
Radiant has already generated $5 million in fees for users since its July launch.
- SURPRISE OPTIMISM AIRDROP #2: CONFIRMED 🔴_🔴✨
@optimismFND just posted details to their second airdrop 🪂
Spoiler alert: it is already LIVE!
All info: how to check 🧵👇
1/7
⚡️ Airdrop details
Optimism is distributing 11.7M $OP, this is around 30M USD
300,000 addresses are eligible!
Snapshot was taken January 20, 2023. Around 20 days ago
2/7
⚡️ Who is eligible?
We called it: governance and participation was an important part of this airdrop
People that delegated their $OP to someone, for example to olimpio.eth... they got this airdrop 🪂
https://twitter.com/OlimpioCrypto/status/1555475134168928256
⚡️ Who is eligible?
1. Governance delegation rewards based on the amount of OP delegated and the time it was delegated
2. Gas rebates for active OP users who spent over a certain amount on gas fees
3. Multiplier: determined by additional attributes related to governance/usage
4/7
⚡️ Airdrop Bonus
1. Addresses that had active delegation at the time of snapshot
2. Usage: transacted in 6 different months
3. Usage: spent more than 20 USD in gas fees
5/7
⚡️ How to claim?
The airdrop was already sent to all wallets eligible, according to Optimism.
Check your wallet in the explorer: 🔗 optimistic.etherscan.io
Full airdrop details: 🔗 https://community.optimism.io/docs/governance/airdrop-2/#attribute-description
6/7
🏛️ Delegate to olimpio.eth
Governance participation is important, I have been saying that for months.
Delegate your new airdrop to olimpio.eth using the official Optimism page:
🔗 https://app.optimism.io/delegates?search=olimpio
I have 100% governance participation ⚡️
7/7
After delegating to olimpio.eth, go to Earndrop Guild to claim your "OPTIMISM GOVERNOR" role:
🔗 https://guild.xyz/earndrop
⚡️
- Now we can bridge via Zerion Wallet. Super easy.
[Zerion on Twitter](https://twitter.com/zerion/status/1623666575910834176)
“gm Zers,
Bridge feature is now available in Zerion Wallet 🚀
Transfer and swap tokens cross-chain in a fast, seamless, and secure way, right from your phone 📱
1/🧵”
- Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Don’t forget to collect this, it’s free
[Post by @gho.lens • Lenster](https://lenster.xyz)
Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Don’t forget to collect this, it’s free
[Post by @gho.lens • Lenster](https://lenster.xyz)
Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Don’t forget to collect this, it’s free
[Post by @gho.lens • Lenster](https://lenster.xyz)
Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Bitcoin NFT narrative Trends? 🧐
[Sean Bonner on Twitter](https://twitter.com/seanbonner/status/1623562281966800896)
“Almost 8500 of 10000 cryptopunks have now been minted on Bitcoin thanks to Ordinals. My DMs and notifications are rekt with people hitting me up about this so here are some answers... 1/”
- Bitcoin NFT narrative Trends? 🧐
[Sean Bonner on Twitter](https://twitter.com/seanbonner/status/1623562281966800896)
“Almost 8500 of 10000 cryptopunks have now been minted on Bitcoin thanks to Ordinals. My DMs and notifications are rekt with people hitting me up about this so here are some answers... 1/”
- PoolTogether is defo an interesting experience between gaming and DeFi, and actually social too 🏆
___
Quoting @pooltogether.lens :
SOON
- After Ai trends, LSD started pumping again
- LSD game is on fire 🔥🔥🔥
[Introducing the Diversified Staked ETH Index ($dsETH)](https://indexcoop.com/blog/introducing-the-diversified-staked-eth-index)
The Index Coop is excited to announce the launch of the Diversified Staked ETH Index ($dsETH)! Diversify your portfolio, decentralize the network.
- Check your lens rank here
[https://profile.lenskit.xyz/](https://profile.lenskit.xyz/)
- Don't sleep over this,Let’s dig in together
[Crypto’s Most Profitable Protocol & a New Era for DeFi](https://medium.com/@RadiantCapital/cryptos-most-profitable-protocol-a-new-era-for-defi-b374ca82a741)
Revolutionary Changes in Radiant’s Upcoming V2 Launch
- The liquid staking game is heating up, now we can stake via MetaMask
- Rage Trade token confirmed! ⚡️
Around a week ago, Rage Trade confirmed that it will eventually launch a token.
Airdrop Strategy 🪂🧵
1/6
What is Rage Trade?
@rage_trade is an omnichain ETH Perpetual Swap.
You can long/short ETH or enter vaults.
• Backed by @Tetranode, 3AC, and Anthony Pompliano
• Status: live on mainnet, token confirmed
More here 👇
https://twitter.com/OlimpioCrypto/status/1580543941186711552
2/6
Characteristics
• USDC stablecoin farm with risk-on / risk-off modes
• Recycling money-makers LPs, so they can earn extra yield
(the liquidity from MM is used in the background of ETH perps)
🔗 Full docs: docs.rage.trade/
3/6
Last month, Rage launched new Vaults.
Delta Neutral GLP Vault (DN-GLP Vault) gives LPs a real-yield source, generated from GMX trading fees.
(It was only accessible for OG discord members & those who were fast)
4/6
6 days ago, they posted this tweet
We have confirmation that Rage Trade will have a token. It usually is a good strategy to reward early and past users.
No airdrop talk so far, but could be a good idea to interact with their smart contracts
https://twitter.com/rage_trade/status/1611309082224332806
5/6
If we want to position ourselves for it, we need to use the protocol.
Strategy?
• Deposit USDC in vaults
• Long/short ETH
• Deposit into the 80-20 pool (USDC-ETH-WETH)
Start here: 🔗 app.rage.trade
Vaults info: 🔗 docs.rage.trade/4TdI-overview
6/6
🚨 Important
There are risks associated with trading perps (long/shorts are risky) and also with entering the vaults. Please DYOR carefully!
TVL: 13,000,000
DefiLlama page: 🔗 https://defillama.com/protocol/rage-trade
⚡️
- This is awesome, easily to bridge between layer2
[Across on Twitter](https://twitter.com/AcrossProtocol/status/1613719062705733634)
“Across performance check:
2 ETH from @optimismFND to @arbitrum:
Time: 1 minute
All-in cost: null.76”
- Look like Lyra will deploy on Arbitrum.
- Many people thought it was a good time to buy some $SOL by being compared with the ETH price chart pattern, but it's not “Fundamentals“ is very different and TVL is gonna dried out
- Plan to tp 50% on my 1st target. NFA
- The new tokenomic model from statewise is interesting, Wish they can deliver this before the Shanghai upgrade, Marketcap quite low and has a high possibility for $SWISE to go up
[Back to the roots: Utilising $SWISE for Insurance in StakeWise V3](https://forum.stakewise.io/t/back-to-the-roots-utilising-swise-for-insurance-in-stakewise-v3/966)
StakeWise DAO has looked at many different $SWISE tokenomics proposals in the past 2 years, but never has the opportunity to make a dramatically positive change felt more tangible than today. With StakeWise V3 migration on the horizon, we’ve prepared a tokenomics proposal that, in our opinion, ties up the loose ends that stopped some of the previous proposals from going through, and helps StakeWise V3 become a more robust product. The TL:DR is that we propose to allow $SWISE holders to stak...
- Wish y’all have a great year
- My article for Bankless on the state of Web3 social media is up! I cover Lens, Farcaster, DeSo and look briefly at Mastodon, CyberConnect and DSCVR.
Critiques/thoughts please. https://newsletter.banklesshq.com/p/the-status-of-web3-social
- Gm Alchemy Students! 🌿