ROMULO SANTOS (@74960) • Hey
ROMULO SANTOS (@74960) • Hey
Publications
- Bitcoin is powered by electricity ⚡️
Ethereum is powered by capital 💸
Bonsai is powered by soil 🌱 water 💦 and sun ☀️
- $BONSAI got listed on Coingecko! 🥳 🚀
Hit that "Add to Portfolio" button!
https://www.coingecko.com/en/coins/bonsai-token
100% of this posts collects in $BONSAI go to mirrors!
#RainBonsai #PowerOfLens
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Postpone your plans, your goals will never be fulfilled
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- @orbapp.lens really change the way we can interact with lenster.
- GM
- Lens Protocol is open, anyone who has a profile can have permissionless access regardless of what application they are using. We believe in supporting content creators and followers who create an engaging environment for everyone.
Some applications use gasless and signless transactions, and we have now introduced eligibility requirements for these features.
While everyone is eligible by default, accounts with low-signal engagement will not be eligible. You can read more about our requirements here. https://docs.lens.xyz/docs/gasless#eligibility-requirements
We are also testing filtering low-signal notifications for a better user experience. https://docs.lens.xyz/docs/users-notifications#api-details
At Lens, we believe that Web3 social should create a better experience than before, by using blockchain technology. We are always experimenting with ways to better our user experience by filtering low-signal profiles and bots. Let’s keep experimenting, our DMs are open for feedback 🧪
- GM
- 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
- This is the Blockchain Explorer, at human...
TIPS:
1. Collect it, and I'll raffle the balance collected among the collectors... if it goes over 20 I'll double the reward.
2. If you mirror the post you still get 50% referral from the collections...
24 hours left...
________________________
Este é o Blockchain Explorer, Como humano.
PONTAS:
1. Recolha, e eu sortearei o saldo arrecadado entre os catadores... se passar de 20 eu dobro a recompensa.
2. Se você espelhar a postagem, ainda receberá 50% de referência das coleções...
Voce tem 24 horas...
- This is the Blockchain Explorer, at human...
TIPS:
1. Collect it, and I'll raffle the balance collected among the collectors... if it goes over 20 I'll double the reward.
2. If you mirror the post you still get 50% referral from the collections...
24 hours left...
________________________
Este é o Blockchain Explorer, Como humano.
PONTAS:
1. Recolha, e eu sortearei o saldo arrecadado entre os catadores... se passar de 20 eu dobro a recompensa.
2. Se você espelhar a postagem, ainda receberá 50% de referência das coleções...
Voce tem 24 horas...
- This is the Blockchain Explorer, at human...
TIPS:
1. Collect it, and I'll raffle the balance collected among the collectors... if it goes over 20 I'll double the reward.
2. If you mirror the post you still get 50% referral from the collections...
24 hours left...
________________________
Este é o Blockchain Explorer, Como humano.
DICAS:
1. Recolha, e eu sortearei o saldo arrecadado entre os catadores... se passar de 20 eu dobro a recompensa.
2. Se você espelhar a postagem, ainda receberá 50% de referência das coleções...
Voce tem 24 horas...
- GM
- 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!
- Head to our booth at Eth Denver📍regenlandia, claim a POAP, and leave with more Lens knowledge and rare swag 🔥