Bigglesmac ◱ ◱ (@bigglesmac) • Hey
Defi user, Alpha hunter, Protocol engagoor. Upholding crypto native values
Publications
- Gitcoin is entering its end game with a laser focus on grants 🎯 The shift includes forming Grants Labs, spinning out Passport, and doubling down on community-led innovation. Learn more:
https://gov.gitcoin.co/t/gitcoin-entering-the-end-game/17560
- I begin releasing a slew of @lens/bonsai video collectibles this evening. A series of sorts. Pieces I thought I’d mint on SOL but ultimately decided against because I’d rather keep things within here especially with $BONSAI now. Motion picture shit. Static movement. Likely open edition, likely 4 day limits, maybe less (: only on @lens/lens // minted via @lens/orb
- If you're not farming Kamino, Marginfi, Tensor, MagicEden, Meteora, Parcl, Sharky.fi yet on Solana, what are you even doing? What other Sol drops am I missing?
- Polygon (MATIC) painting an ugly head and shoulders pattern right now. If BTC heads back below 50k, I'm foreseeing an ugly red candle to .72 to start on MATIC
- Where am I? 📍
Infrastructure updates in the left hand (on an Apple reading Chainlink MEV mitigation), Gaming/Metaverse in the right (on a Saga reading WilderWorld Discord announcements).
(Hint: An African Island)
- We are at the stage of the market where you either did your homework, or you didn't. The time to execute is here
- If you're after the LayerZero airdrop - voting on Snapshot is open on Stargate. Closes in two days, participate in Governance to increase your odds!
- Conflicted about a BTC etf approval, and impermanent loss is the hardest part of dealing with this price action
- My newest favorite solana project #froots
- Blast onboarding, deposits open in February
blast.io/NQ5XE
- Manta Pacific onboarding until January 1st. Airdrop imminent in 2024. Join my team and get free NFT collecting boxes :) https://newparadigm.manta.network?inviteCode=APVGC
- Point farming is the new meta. Data farming is hitting new levels using this format. Protect your addresses. Recycle wallets.
- It’s all web^ for me
- Voting Yes for SNX inflation reduction.
- Now that Solana "summer" is in full swing. Does it continue? Or do we shift narratives again?
My bet is on not fading SOL.
- The best decision I made was staying consistent throughout the bear market. Still in the early innings, but we made it through the worst of it y'all. 🖖
- Polygon gets its turn.
- $SOL just seems like such a no-brainer buy right now. It easily has a 5-10x in the tank over the next few years, plus you get almost double the staking reward of $ETH - so you can earn the same approx. staking reward with half the investment.
- Unfortunately, socialfi isn't on the bingo card this bullmarket for me. But will still keep posting. Say hi, give me a follow, i'll happily follow back. We're early fam 🥰
- Chainlink CCIP going to melt faces next cycle, trading a tiny multiple of ETH, and y'all are still out there buying HamasCoin
- Minted Hey (@lenster.lens)! ✌🏾
https://zora.co/collect/zora:0x8fcfdad5ebdd1ce815aa769bbd7499091ac056d1?referrer=0x0716461C42780435312C4893033B6e3F0238B956
- Why run MEV-Boost software? Because its necessary, profitable, and potentially an endless epanse of opportunity when L2 networks begin to decentralize. https://web.archive.org/web/20230227093214/https://writings.flashbots.net/why-run-mevboost
- Fantasy football just hit crypto 🏈
Secure your cut of the $30M in prizes from DraftKings Inc. fantasy football season on Polygon
A THREAD 🧵
🧐 How it works
DK Reignmakers is a fantasy sports game built on tradable digital cards, i.e. NFTs
The idea?
Acquire cards, build your best lineups, and opt-in to Reignmakers Football Season 2 and various contests.
🏉 Free Start
Right now, if you sign up on the Draft Kings website (link in the ALT text) you can claim a free starter pack featuring one QB and six additional players
🔍 Looking for a specific player?
Then you can also check out DK Marketplace to buy booster packs (3 cards per pack at $19.99 each) or bid on auctions of individual player cards
🏋️♂️ Lineup Optimizer
Want to make sure your roster is primed and ready for game day?
The team Lucky Trader whipped up a Lineup Optimizer tool that'll tell you if your deck is stacked or if they're about to get flattened on the field
Link to full article
https://www.bankless.com/the-fantasy-crypto-opp-2
https://www.bankless.com/the-fantasy-crypto-opp-2
- When I originally bought my first NFT's, I was okay with them going to zero, because I "liked them". Now that they have gone to zero, I don't like most of them anymore.
- You can only pick one to hold until 2030. What you taking?
https://snapshot.org/#/polls.lenster.xyz/proposal/0xa6fcc2ef94e717693d2856791456951a7ec2f42ba654d840fd1a47c55b5b9d2d
- Synthetix ecosystem is building out beautifully. Do not sleep on it.
- PayPal just changed the game
- Everytime I memecoin, I remember why i stopped memecoining. Anxiety, uncertainty, and death
- Momoka, the new infrastructure powering @lensprotocol, just hit 500,000 transactions at a total cost of ~ $173
With these updates our infrastructure is now ~250x less expensive while being ~165x more scalable than in the past. 🤯
Momoka Stats
💰 Cost of 100,000 transactions:
Old infrastructure ~ $10,000.00
Momoka ~$40.00
Difference ~250,000% less expensive ⚡️
📈 Scalability of 100,000 transactions
Old infrastructure (~30 TPS) 55 minutes
Momoka (~50,000 TPS) 2 seconds
Difference ~ 165,000% more scalable ⚡️
Here’s how it works 🌫️
Blockchains today cannot scale to social TPS.
Traditional databases scale to up to millions of operations per second while most blockchains max out at a few hundred.
This is mainly because blockchain storage is an expensive bottleneck in terms of both cost and scalability.
Blockchain storage is more than just storage - it also enables composability, allowing your state to also be executed with other smart contracts and programs.
But with most social use cases, especially non-financial, that power and composability is not needed, so why would we continue to use it in this way?
For decentralized social applications, two of the main characteristics needed are permanent and immutable storage tied to a user’s identity.
What if those characteristics could be derived from another infrastructure layer, but at a much lower cost and with more scalability?
In the past, all Lens transactions were processed on the EVM via Polygon network.
What is the EVM at its root? It is a big state machine, holding the entire history of state changes of what has happened in what are known as archive nodes.
The expensive part of using EVM networks is performing these state updates.
BUT! The EVM only forces cost when you want to change the state in the next block.
The EVM does **not** charge anything to simulate if something could of happened on a certain block.
This means that you can leverage this to check that a transaction has been signed by the correct access control and would of passed for free *without any gas needed*.
When you do an EVM contract call, you are signing the transaction with your private key. The EVM verifies this and injects key helpers like msg.sender which is your public key to allow contracts to know it was you who did that.
Since transactions can be run for free to prove something has the correct access control conditions to run it, what if we swapped the storage updates to a place that can handle high TPS, cheap, immutable, one time payments and will be guaranteed for at least 100 years?
Momoka is an optimistic hybrid layer 3 solution from Lens Protocol that uses data availability storage on Arweave/Bundlr along with transaction proofs on Polygon to enable highly scalable and low-cost social graph data storage and verification. It allows proving social graph transactions would be valid on-chain without actually submitting them, enabling greater scalability while maintaining verifiability and user ownership.
Arweave is a decentralized blockchain-like infrastructure protocol, built specifically for storing data forever for a one off cost, and was launched over 6 years ago.
Bundlr Network is an Arweave scaling solution built to handle 50,000+ TPS. It functions similarly to a rollup in that it batches multiple transactions together and posts them to the underlying network.
An important characteristic of Bundlr is that it supports EVM addresses, allowing you to build EVM tech state on Arweave ⚡️. They also allow you to pay fees in any EVM native token you wish!
To enable this new functionality on Lens, Momoka introduces two new pieces of architecture - the Submitter and the Verifier.
Submitters are responsible for validating and constructing the metadata and submitting it to Arweave, providing proofs that anyone can contest.
The Verifier software listens for publications sent from whitelisted submitter addresses and verifies their validity.
Anyone can run a verifier using open-source software with a few commands.
https://github.com/lens-protocol/momoka
Momoka is not limited to blocks and max limits as the restriction has been removed due to storage on Bundlr/Arweave.
Momoka gets timestamp proofs from Bundlr to be able to keep chain and off-chain actions in ordering and also to have a third party timestamp to avoid trust assumptions on Momoka.
With Momoka, users still own their content as it’s not possible to action a Momoka transaction if you do not pass the access control on-chain.
Momoka is fully trustless – anyone can check proofs with their own Polygon archive node!
We believe Momoka is core to the future of web3 social, enabling applications to scale to tens of thousands of operations per second while still enabling the differentiating features that make web3 social unique and special.
To learn more about Momoka, check out the following resources:
Announcement post
https://mirror.xyz/lensprotocol.eth/3Hcl0dGE8AOYmnFolzqO6hJuueDHdsaCs3ols2ruc9E
Momoka Explorer
https://momoka.lens.xyz/
Momoka Verifier software
https://github.com/lens-protocol/momoka
- Trading perps on Solana just makes so much more sense then a L2 right now. Just needs liquidity.
- #Austria crypto-folks. Can you share details on the tax situation there regarding tax-free crypto-crypto transactions? Like, do stablecoins count?
- What if Crypto really is just about the friends we make along the way?
- Let me give you a great safety tip.
There is a handy, simple little extension called Pocket Universe that translates your Metamask signature to readable text and gives you warnings of honeypots, scams, and allowances when interacting with new protocols. Stay safe out there guys!
join.pocketuniverse.app/ref/9QJZ
- Which Telegram Bot you got? My horse is on $Genie
- Really wish I could be at ETHcc Paris this year. Bet its fire
- Up only? Nah. That'd be much too easy.
- Here's a great overview of the liquid staking narrative, as well as a deep dive into Stader Labs upcoming ETHx high yield opportunity on Ethereum. Courtesy @thorhartvigsen.lens
https://bit.ly/3D7FfLX
- Omni-chain solutions are a narrative thanks to Layer 0. Entangle.fi also running an airdrop campaign for those interacting with its testnet, DOC's are here: https://entangle-protocol.gitbook.io/entangle-protocol/testnet-v2-guide
- 👀
- Something that is never talked about, is Polkadot's solution to interoperability. Remember, we should be paying attention when no one else is talking about it.
Catch up on whats happening with DOT, in one article: https://polkadotters.medium.com/gavin-wood-unveils-the-next-era-of-polkadot-at-decoded-2023-transitioning-from-blockchain-to-4610774fd741
- Bullish on Solana? Marinade finance is the top LST protocol over there and sharky.fi is the defacto leader for lending/borrowing NFT's, similar to blend.
- V2
- With facebook's Threads, web2 is proving its not going to go away either. People are lazy.
- What's your worst "selling too early story"?
I'll start: over 5k in doge at 5c, just to see it rip to over 50
- Thank you for the warm welcome! Here’s a special gift for you:
**We’ve partnered with @lensprotocol for an exclusive ICE Poker skin airdrop!** You can wear this skin around Decentraland and equip it to play ICE Poker.
Each skin will also come with **3 free poker tournament entries** so you can play to win prizes like MacBooks, iPhones, Decentraland LAND, high-value NFT collections, and more.
To get your free skin, simply collect this post by Wednesday 7/5 and we’ll airdrop your Lens skin on Friday 7/7.
(Must follow to collect)
- New @lensport.lens drop today!
@cyrildallest.lens just released his new art "The Water Wall Collection". It's a limited edition drop with 100 items!
Collect it here: https://lensport.io/p/11534_743
Stay tuned for a new LensPort drop every Monday!
- The main reason I use twitter, is to hunt for alpha, airdrop threads, and macro analysis. Can we have a focus on that here too please? @lensprotocol
- Can't rate limit me on here. Reading on Lens daily, posting crypto content weekly. Give me a follow and I'll follow back! 😄
- 🏝✨Phi x Mirror✨🪞
New Quests are live for Mirror
Welcome to the wonderland🃏 Let's dive into the rabbit hole for the mirror world and discover the home of the web3 library📚
https://quest.philand.xyz/list?search=mirror
- sounds correct. It depends where you have your zkSync lite ETH. If you own the same address on zkSync Era, orbiter should work. If you have the zkSync lite ETH on argent or would like to transfer it to a different address check out layerswap. I haven't tried it yet but I guess it might work.
(I still have some zkSync lite ETH on argent ... I hope they will support a direct transfer to zkSync Era one day, but idk)