cryptoNFT (@cryptonft__) • Hey
crypto since 2016
Cheers
Publications
- I am having to sign for all #Lens messages now? Has something changed?
- Congrats to Pepe coin buyers : P
https://www.coindesk.com/markets/2023/05/05/pepecoins-bewildering-rise-turned-a-pittance-into-an-almost-5000000-meme-coin-profit/
- how does one search by subject/post content on #lens #lenster posts?
- Consensus Shapella mint is up
https://shanghai-capella.consensys-nft.com/claim
- 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Not all ETH would be able to be withdrawn at once.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• How much ETH will be withdrawn?
Not all 15M ETH can be withdrawn at once.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
- I just minted base.org -> base.eth https://zora.co/collect/0x554f3b93d82ce2435206f3ad8ac4154d056cd18e
- Why are you not doing on Polygon? Or @beatsapp.lens / @watchereth.lens
It’ll be lot easier for people on Lens to collect for 1 matic than changing blockchains to collect
- I just voted "Yes - create new subdomain" on "[Temperature Check] Post-BSL cross-chain deployment process and creation of new uniswap.eth subdomain" https://snapshot.org/#/uniswap/proposal/0x0f8a85d90759acf3a6fdc018e20b991f3562847122a8142c4e166c71d0e755e3 #snapshotlabs
- I just voted "For" on "AIP 1.05: Return 700M $ARB to the DAO Treasury [REAL]" https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3ae4c725f7cb82d450b6fe8517178b2a0a51d1105beaad0adb421df1bc8f8cc4 #snapshotlabs
- Kinda wild #BNB addresses > #ETH addresses
addresses /= users per se but likely rhymes right? : P
https://twitter.com/MessariCrypto/status/1645064041713528834
- Did a little front porch picking in Austin a couple weeks back. Here’s a new one I’ve been working on.
FREE TO COLLECT 🤠
- Free Polygon zkEVM NFT mint
https://ipfs.thirdwebcdn.com/ipfs/QmbAgC8YwY36n8H2kuvSWsRisxDZ15QZw3xGZyk9aDvcv7/erc1155.html?contract=0xb0E834FB82f890bF6f458C9aAa4e6d9e8411BB20&chain=%7B%22name%22%3A%22Polygon+zkEVM%22%2C%22chain%22%3A%22Polygon%22%2C%22rpc%22%3A%5B%22https%3A%2F%2Fpolygon-zkevm.rpc.thirdweb.com%2F5a9bc94b87f7cbbbfbbc234bf1e07f0adf5f3cf3012c9f26f9fc9820d64df93a%22%5D%2C%22nativeCurrency%22%3A%7B%22name%22%3A%22Ether%22%2C%22symbol%22%3A%22ETH%22%2C%22decimals%22%3A18%7D%2C%22shortName%22%3A%22zkevm%22%2C%22chainId%22%3A1101%2C%22testnet%22%3Afalse%2C%22slug%22%3A%22polygon-zkevm%22%7D&tokenId=0&theme=dark
- super excited to ship @astrace.lens profiles soon! 🔪
first step: minting your personalized natal charts 🪐
updates coming 👀
- Wild how Elon Doge pumps/dumps Dogecoin : )
Kinda self fulfilling prophecy now? Buy then sell the twitter Doge
https://www.coindesk.com/markets/2023/04/06/dogecoin-drops-after-elon-musks-twitter-stops-using-its-logo/
- All your Base are belong to us
https://www.youtube.com/watch?v=mvWZq1S9x0g
- interesting take
https://www.coindesk.com/consensus-magazine/2023/03/31/web3-should-be-built-on-bitcoin-not-its-imitators/
- CZ being sued....
Bureaucrats holding offices not even mentioned in Constitution
exercising arbitrary power crypto, border, free speech, opposition spying/raids
Decree based
Everyone at risk of arbitrary government enforcement
zero idea how to do crypto taxes "correctly"
There is no "correct"
Arbitrary = subjugation of citizens
USA needs to get back to rule of law
#crypto
https://www.coindesk.com/business/2023/03/27/binance-and-cz-sued-by-cftc-over-regulatory-violations/
- I just deposited $98.64 into my @pooltogether.lens prize savings account! Join me and thousands of others saving $39,266,726.25 and winning 107 prizes daily. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=deposit
- The Revenue Split is here 🤑
Exciting news!
Lenstube now features revenue sharing for content creators. This allows for transparent and automated distribution of revenue among multiple accounts. 💪
For example, revenue from a video can be automatically split among the artists, producers, and other stakeholders involved in the creation. 📽️ Splits can foster a more collaborative and equitable ecosystem. 🌿
- Something is happening on our Lenstube channel 🦜👀
@lenstubelogs.lens
Take a look: https://lenstube.xyz/channel/pooltogether.lens
- Have you ever wondered when the best time of day to create your posts is to maximize your engagement? This chart shows you the number of comments by the day of the week and time of day. Based on these results it seems pretty clear that most users are active between 11am and 4pm UTC daily, with a lot less activity between 6pm and midnight.
- 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 👏👏👏
- Heresy incoming:
Is there benefit to Ethereum checkpointing on bitcoin?
#babylon #longrangeattack #bitcoin #ethereum
https://twitter.com/babylon_chain/status/1638415829695102977
- chatGPT AI vs Human "I":
clearly zero arbitrum airdrops to Cosmos users
I think humans are safe from ChatGPT "intelligence" : )
#AI #chatGPT #Cosmos #arbitrum
- Gm #Lens
LFG!
- 🔥🔥
- GM 😀
just collected my 🔥🔥🔥🔥🔥🔥 ARB airdrop🔥🔥🔥🔥🔥🔥
HODL on : )
#arbitrum #airdrop
https://arbitrum.foundation/
- 🔥🔥 Do Kwon, appears to have been arrested in Montenegro
#DoKwon
https://techcrunch.com/2023/03/23/terra-creator-do-kwon-reportedly-arrested-at-montenegro-airport/
- Only two days left until Mainnet! 🥳🎉
We're excited to finally reveal all the mint details
MINT PRICE: 20 MATIC
SUPPLY: 1:1 Lens Handles (supply will increase each time a new handle is issued and is equal to the number of Lens Protocol profiles that have been minted to date).
Whitelist/Allowlist: None! All Lens users will have access to the MAINNET.
Please note that these NFTs are not tradeable in the open market.
After you mint your NFT, you may notice that it starts on a higher level than level 1. This is because of your Lens stats (Followers, Follows, Mirrors, Likes, and Comments)
After the mainnet launch, we'll be hosting many XP events, so stay tuned! 🫡
OGs! , we're rewarding you with XP points after the mainnet launch. But that's not the only reward we have in store 🤝
- Only two days left until Mainnet! 🥳🎉
We're excited to finally reveal all the mint details
MINT PRICE: 20 MATIC
SUPPLY: 1:1 Lens Handles (supply will increase each time a new handle is issued and is equal to the number of Lens Protocol profiles that have been minted to date).
Whitelist/Allowlist: None! All Lens users will have access to the MAINNET.
Please note that these NFTs are not tradeable in the open market.
After you mint your NFT, you may notice that it starts on a higher level than level 1. This is because of your Lens stats (Followers, Follows, Mirrors, Likes, and Comments)
After the mainnet launch, we'll be hosting many XP events, so stay tuned! 🫡
OGs! , we're rewarding you with XP points after the mainnet launch. But that's not the only reward we have in store 🤝
- A huge round of applause to our 5 outstanding Art Contest victors! 🎉🎨👏
@btc021
@defid
@spoiler
@wrost.lens
@wazzlestein
Your exceptional skills, unwavering commitment, and imaginative creations have left us in awe. We are truly excited to witness the further unfolding of your artistic journeys. Keep dazzling us with your incredible masterpieces, and here's to even more inspiring artwork in the future! #ArtContestChampions #Kudos #DiscordFamily
- Exciting news! Lens Garden NFT's mainnet is finally here, and we're excited to share it with our community.
The website link goes public at 10pm UTC (6pm EST).
Get ready, Lens Protocol users! A new chapter has begun with the powerful Lens Garden NFT.
- near Ballycastle Ireland
We drove around the entire Island in 8 days
Need to go back
#Ireland
- I just voted "No i refuse this proposal" on "AAVE on Harmony Recovery Plan" https://snapshot.org/#/aave.eth/proposal/0xf9706ff43ce8e3d3c887e98e6e2b59fdce7d9dc371245464e91f8b03df210e0a #snapshotlabs
- The recent announcement of the #Arbitrum airdrop has generated a lot of noice lately
This airdrop will probably become the largest in the crypto history 🤯
But what about the #Starknet token? 🤔
In this post, I'll provide an update on the #Stark token and its potential #Airdrop
Let's take a look at:
➡️ Stark's tokenomics
➡️ Will Starknet distribute an airdrop ?
➡️ Which criteria can be used for the airdrop?
➡️ The current state
Arbitrum's token launch date (March 23) and eligible users for the airdrop were recently announced: https://arbitrum.foundation
This event is expected to attract many users and airdrop hunters to L2 who don't have tokens like #zkSync, #Scroll, #Taiko, and ofc Starknet
On the Starknet side, the token launch is closer than ever with the upcoming launch of the first phase of the network governance. You can read more about it here: https://twitter.com/Starknet/status/1635977058546520064
💡 STARK tokenomics 💡
The token will be used for the following purposes:
👉Network governance
👉Network security through staking
👉Payment of fees
👉Incentivizing developers, projects, and users
#StarkWare has minted 10 billions tokens, which will be distributed as follows (**picture 2**):
➡️17% for StarkWare's investors (they have raised $282M: https://www.crunchbase.com/organization/starkware-industries-ltd )
➡️32.9% for the core contributors, i.e. the team, advisors, consultants, and partners who help build the network
The remaining 50.1% will be allocated to the foundation and used as follows:
➡️2% will be used for donations, primarily to research institutions such as universities
➡️9% will be allocated towards community provisions
➡️9% for community rebates, which will be used to refund a portion of the fees that users pay to use the network. For example, if a user pays $0.1 per transaction, 50% of that amount will be refunded to them through this 9% supply
➡️12% of the supply is allocated to grant in order to support research that contribute to the growth and security of the network
➡️10% as a strategic reserve to fund ecosystem activity
➡️8.1% has not been allocated and its future use will be decided by the community
This is purely speculative on my part, as there is no information from StarkWare and its team, however, it is possible that one of these following tranches could be used to airdrop end users:
👉Unallocated
👉Community provisions
👉Strategic reserve
💡 Will Starknet distribute an airdrop ? 💡
StarkWare has not hinted at any such plans.
While airdrops are often controversial, I believe that one would be beneficial for the democratization of Starknet.
Even if some users who receive the airdrop will simply sell and move to another network, a significant part will discover the ecosystem this way and stay on it.
In my opinion, airdrops can be a good onboarding and marketing tool, as we have seen with Arbitrum's airdrop and Optimism
However, in the case of Starknet, the timing seems too early.
The network is still too immature and there are too few dApps on the Mainnet at present.
But, as a user, is the perfect time to position yourself in it 😏
💡 If so, which criteria will be used for the airdrop? 💡
The following critera were used for the recent Optimism and Arbitrum airdrops (**pictures 3 and 4**) 👇
In case of Starknet decides to airdrop part of its supply to network users, the following activities should be prioritized:
👉Use the official Starknet bridge : https://starkgate.starknet.io
👉Frequently use applications on Mainnet (not just once) : https://twitter.com/Starknet_OG/status/1626576001538101248
👉Use applications with a minimum amount of funds
👉Provide liquidity on DeFi applications
👉Participate in project DAO (this is not yet possible on Starknet since no project has launched a token)
👉Bonus, regularly use applications on Testnet : https://twitter.com/Starknet_OG/status/1625878738545283074
I plan to write a full article about the Starknet ecosystem to help you :
➡️Where to start
➡️List of all applications divided by sector
➡️List of tools
➡️And much more
So you know what to do 😏
Even if StarkWare decides not to airdrop tokens to the community, using Starknet dApps enables you to explore a new ecosystem, discover new projects, and learn new things.
Trust me, it is worth it.
💡 The current state 💡
It is clear that StarkWare is currently focusing primarily on developers and may be somewhat neglecting users, but this appears to be a strategic choice:
👉The network is not yet optimized enough to accommodate and meet the needs of users
👉Since Starknet is not EVM compatible, they need to attract as many developers as possible to the Cairo language in order to build the infrastructure and environment necessary for developers to best express themselves and build the future of DeFi.
However, users are starting to see progress, especially with the governance phase mentioned above: https://twitter.com/Starknet/status/1635977058546520064
In addition, there are two proposals to incentive end-users, inspired by campaigns like Optimism or Arbitrum, which have been proposed by two Starknet projects:
https://community.starknet.io/t/proposal-incentivizing-the-growth-phase-of-starknet/7301
https://community.starknet.io/t/draft-proposal-growth-and-marketing-alignment-on-starknet/8064
So things are moving in the right direction for users
I aim to provide you with comprehensive sources to help you follow and understand the ecosystem as best as possible as a user 🖖
So feel free to follow me and join our Community Discord, where we provide you with the latest and most important information and alpha about the Starknet ecosystem in real time:
https://discord.gg/4MmAsm5XRq
I hope you enjoyed this post !
If so, don’t hesitate to like and Mirror to support me
And stay tuned for next week. I will publish some sources that will greatly helps you monitor the entire ecosystem.
- Crypto checking all the boxes, latest is
First Supreme Court Case USA ✅
#crypto #Supremecourt #Coinbase
https://www.coindesk.com/policy/2023/03/20/us-supreme-court-to-hear-first-ever-crypto-case-tomorrow/
- New Giveaway 🔥
For celebrating New Persian Year ( Norouz )
We decided to give one lucky member a special Lenstyle character 💎🎉
Just Follow @whale_code
And
Like Mirror Collect Comment for this post . ( LMCC )
"As the winter chill fades away, spring ushers in a new beginning with a burst of colors and fragrances. For Iranians, this means the start of a new year, marked by the joyous occasion of Norouz. A time to gather with loved ones near and far, and to share in the traditions that have been passed down through generations. From the preparation of the haft-sin table to the exchange of gifts, every aspect of Norouz is steeped in warmth, love, and hope for what's to come. Even in the face of adversity and uncertainty, the spirit of Norouz prevails, reminding us that no matter what life throws our way, the promise of spring and the renewal it brings gives us reason to celebrate."
#Giveaway #lenstyle
- 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
- Arbitrum's Airdrop Went Live
#bytes
- zkEVM Testnet Guide 🦊
ConsenSys has been whitelisting more users to its testnet.
Here's a step-by-step thread on how to bridge from Goerli to zkEVM, using Hop.
Will zkEVM have a token? 🧵👇
1/10
✅ About zkEVM
• ConsenSys is a private blockchain software technology company, which owns MetaMask, Infura, zkEVM, and several other products
• One of the things they are working on: their own zkEVM rollup, Ethereum scalability using ZK Proofs.
2/10
Recently, Infura endpoints to access ConsenSys zkEVM became available to a closed group of early registrants
To become one of the testers, you should sign up for the waitlist.
(If you signed & didn't get an email, don't forget they are sending beta invitations in batches)
3/10
For those who are whitelisted: how to test the product?
STEP 1: Go to faucetlink.to/goerli & request Goerli ETH
STEP 2: Login into your Infura account app.infura.io/login
STEP 3: Create a new key and select network Web3 API.
4/10
STEP 4: Select the ConsenSys zkEVM Testnet endpoint (screenshot below)
5/10
STEP 5: Go to goerli.zkevm.consensys.net
STEP 6: Add zkEVM Testnet RPC to your MetaMask
STEP 7: Bridge from Goerli to zkEVM using Hop Protocol: goerli.hop.exchange
STEP 8: Test the zkEVM - play around app.dexchange.live
(bridge, swap, provide LP)
6/10
Is there any $INFURA information?
• On the 1st screenshot, the Team said they are "discussing ways to reward those who help test". This does not necessarily means $INFURA, but it means rewards
• On the 2nd screenshot, the Team said that no token will be launched
7/10
Why should we care?
• ConsenSys is a company that owns MetaMask
• Joseph Lubin already confirmed that MetaMask will have a token (check the thread below)
• Infura is actively thinking about rewarding its token holders for the contribution
https://twitter.com/OlimpioCrypto/status/1590425920506318849
8/10
💡 Note:
Getting involved with the community is always a good way to get to know the team and what they are building.
9/10
💡 Activities that you can engage with:
1. Taking an Infura survey that will give you an NFT: https://research.rallyuxr.com/consensys/lp/cle4f709z00vz2zby305x37b2?studyId=cle4f709x00vx2zbyfqpmc7ga
2. Monitor ConsenSys Events. There was a community call 8 days ago: https://www.crowdcast.io/consensys
10/10
💡 Didn't receive their email yet?
The registration for zkEVM private testnet is closed at the moment.
If you missed the registration period, don't worry! The next phase will be a permissionless testnet. We will have more communications on this to come, stay tuned.
⚡️
- Meta is ending NFT support on Instagram
Meta is ending NFT support on Instagram after just recently rolling this out
- Polygon BUIDL
#polygon #nft
https://www.coindesk.com/business/2023/03/17/polygon-partners-with-salesforce-for-nft-based-loyalty-program/
- Lfgroooooowwwwwwww
Credit @pedrovilela.lens
- `5 months of Foto A Day #150/150`
It's been a wild ride 💚🙏🏽 📸
150 Editions || 1 wMATIC || Followers Only
📸 FotoADay Full Collection: https://pinsta.xyz/chaoticmonk
#LMCC #photography @creators @photographers #FotoADay
- ✨Now u can use uniswap for binance chain
- Check your lens rating
https://profile.lenskit.xyz/
- Aztec network is shutting Aztec Connect platform permanently.
**Aztec**, the privacy rollup on #Ethereum, will shut down deposits via the zk money and zk finance interfaces in a week.
Users can continue to withdraw for the next year
https://medium.com/aztec-protocol/sunsetting-aztec-connect-a786edce5cae
- “Lens is a flexible tech stack. You can secure your profile, followers, and content on-chain and make it into a collectible. Or you can keep some data off-chain. You decide." @stani.lens 📍Eth Denver
Lens 🤝 @gitcoin.lens watch this space.
- Imagine if you could store your gho balance on this card