Ameowz (@ameowz) • Hey
Ameowz (@ameowz) • Hey
Publications
- Gm Songkran day
- Ragnarok origin
- GM
- COYG
- Long vaca
- Vibe
- Gm 🥳
- Thx god it’s friday
- Dungeon and dragon 🍿
- Gm frd
- 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Not all ETH would be able to be withdrawn at once.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• How much ETH will be withdrawn?
Not all 15M ETH can be withdrawn at once.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
- LensGarden NFT is the first dynamic NFT collection on Lens Protocol, it is a unique blockchain-based platform that is part of the LensProtocol ecosystem. It rewards users for creating and curating high-quality content, providing incentives to engage with the LensProtocol community and build their profiles.
Users can earn XP by completing activities such as joining liking, commenting, following Lens users, and completing challenges. As they progress through the levels, they have the opportunity to mint exclusive NFTs that cannot be traded on marketplaces, adding further value to the platform.
Here are some tips on how to increase your XP:
Gain followers: For each new follower, you'll earn 50 XP points.
Create new posts: Every post you create on the Lens Protocol ecosystem will get you 30 XP points.
Leave comments: For every comment you leave, you'll earn 20 XP points.
Collect : Each post of yours that is collected on the Lens Protocol ecosystem will get you 20 XP points.
Mirror other users: Each time you mirror another user's post, you'll earn 30 XP points.
Lens Garden NFT presents an exciting opportunity to invest in a growing blockchain ecosystem that rewards engagement and incentivizes high-quality content creation. The potential for growth and innovation is significant. Additionally, in Q2, you can look forward to the launch of Lens Tunes and an exciting new game.
Join us today and become a part of this innovative and exciting ecosystem.
- $EMT is coming by Ethermail
Get coins for sharing
For every friend you invite get 250 EMC!
https://ethermail.io?afid=63733d18502fd4d7a7652bce
- RE4
- Number of times Coinbase was mentioned on Lens daily, pretty aavesome tool from @rickydata.lens if anyone wants to try https://predictcrypto.shinyapps.io/LensTrends/
- #Suntur #takeyourtime
- 10k 👀
- 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 👏👏👏
- Gm😻
- Foxfam 😻😻😻
- John Wick 4 is the best action movie of the year for sure 👏🏻👏🏻👏🏻👏🏻
- Just stop your crying, it’s a sign of the times
- 🎉🔥 Lenster's Unstoppable 30-Day Growth Spree! 🔥🎉
Hey there, #LensterFam! We're over the moon to share the jaw-dropping achievements our fantastic community has reached in just the past 30 days! 🚀
🌐 **4.5 million pageviews** - Thanks to your passion and commitment, Lenster has become a go-to destination for so many people! Let's keep the ball rolling! 💪
👥 Our active user base has soared with **20k daily active users**, **71k weekly active users**, and **210k monthly active users** - We couldn't be more grateful for each one of you who make this community so lively and engaging! 🥳
📝 You've been on fire, producing **445k new posts**, **294k comments**, and supporting one another with **1.40m likes**! Your creativity and positivity are nothing short of incredible! 🌟
🪞 And that's not all! We have **880k mirrors** reflecting our diverse content and the best of Lenster, **700k collects** to save and share your favorite content, and a whopping **1.7m profile follows**, highlighting our strong connections! 🤩
Thank you for your unwavering support and for being part of our amazing #LensterFam! Let's continue to grow and flourish together! 💙🌟
Support Lenster by collecting this Post 🙇
- Weekend🥹
- John Wick 4?
- 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!
- @yup_io Mobile Beta is going live! We've teamed up for a unique drop for UFO Genesis Pass holders and UFO subscribers across Lens and Mirror
You can register for the Mobile Beta & claim a free UFO x Yup NFT for priority on the Waitlist
4500+ NFTs have already been minted, 20K total supply, 39 hours left
Register + Mint : https://ufo.mirror.xyz/MvBjw0Hb_Sp0AEAY-daKKKoDnliJgr7Jn8E03mCq9Tg
- Two new Discord roles on Lenster guild 👀
https://guild.xyz/lenster
- Move exclusive & secure your spot!
🚀 Dynamic Cultivators, MINT Is Live!!!💥
Get your Lens Garden NFT at [lensgardennft.xyz] 🔗
Don't miss out!
Calling all @lensprotocol.lens Profile holders - this one's for you! 🎉 Share your NFT on Lens & Twitter, let's grow @lensgardennft.lens
#LensGardenNFT
- 🚀 Dynamic Cultivators, **MINT** Is now live!!!💥
Get your Lens Garden NFT at
https://lensgardennft.xyz
Opensea: https://opensea.io/collection/lens-garden-nft
Don't miss out! Calling all Lens Protocol Profile holders - this one's for you! 🎉
Share your NFT on Lens & Twitter, let's grow LensGardenNFT together! 🌱
Use #LensGardenNFT
[Lens Garden NFT](https://lensgardennft.xyz)
- ✨ **Introducing Glass Protocol ✨**
gm lens fam ☀️ For those of you that don’t know us, we’re building a protocol for decentralized video on Ethereum.
We’re passionate about video. We believe in having true ownership over the videos you make, how they’re seen, and how they’re monetized. That’s why we’re building an open, permissionless protocol for owning, distributing, and building communities around video.
And that’s why we’re constantly experimenting and building with new Web3 communities to help us further our mission… which brings us to Lens. We’re excited to build more ways for the video creators in the Lens community to create amazing videos with Glass.
Oh—and one more thing. We just announced The Glass Pass, an NFT that represents your creator identity, and your key to owning and creating videos on Glass. You can read more about it here: https://blog.glass.xyz
And to show our love to the Lens community...
🏆 **Anyone who collects this post will be recorded on The Glass Pass claim allowlist** 🏆
And if you vibe with our mission, check out our Manifesto: https://glass.xyz/manifesto
People who **sign it and** **share it to Lens** will also get early access to claim The Glass Pass.
We’re excited to be here and can’t wait to share what we have in store! We're just getting started✌️
#genesispost
- ชอบครับ 55
- From today, it’s my turn
- Experience the captivating tales of the Lost Lens!
Uncover the secret treasure?
Complete the quest at the end of the comic and get a chance to win something exciting!
- Can’t wait tmr
- Lfgroooooowwwwwwww
Credit @pedrovilela.lens
- Gm lenster
- Over 7700 Lens passes claimed in 48 hours, get yours at lens.ethpass.xyz
- 👋 Lens Frens!
Turn your Lens profile into an Apple or Google Wallet pass by using lens.ethpass.xyz.
Share your Lens profile by having others scan your QR code.
- On the Weekly Rollup:
- $ARB airdrop 🪂
- Bank failures 🏦
- Starbucks NFTs ☕
- Ethereum Shanghai staking withdrawals 🗝️
Plus, what Ryan and David are bullish on this week
Full episode 👇👇
https://www.bankless.com/rollup-march-3-2023
- ARB 10$?
- It’s mine
- Workshop day with GOAT
#anastomosis
- The last of us 🍿
- Rainy day 🌧️
- Hi birbs
- Friday in coming
- มีอะไรน่า collect มั้ยย
- https://snapshot.org/#/stgdao.eth/proposal/0x82586192cf58f438cfee7101afde68df11ab3be071a6f7c05d1a3e8506836ee2
- Which lenster I have to follow???