economicnews (@economicnews) • Hey
economic news
Publications
- Rainbow In New Zealand 🇳🇿
- I just voted "YAE" on "[ARFC] Gauntlet USDC.e Supply and Borrow Cap Recommendation on Optimism Aave v3" https://snapshot.org/#/aave.eth/proposal/0x59a31a5b09929d09cba2b069f65eeb4db534cc842771b69c7f38f5a905771c74 #Snapshot
- How not to get rekt in crypto, great pod from @lens/rehash
- I just voted "Yes" on "Utilize unclaimed tokens on Velodrome to increase Stargate's weekly earnings and qualify for govNFT" https://snapshot.org/#/stgdao.eth/proposal/0xac174c9bb4f7591f4ace0e8a084e28df7a0c4f9654274c08610f7ec262eed9e3 #Snapshot
- Calling all DeFi devs! Applications are open for the first @lens/gho virtual hackathon, hosted by @lens/ethglobal and @lens/aavegrants from January 12-24, 2024.
$ 75,000 in prizes. Sign up today.
https://ethglobal.com/events/lfgho/apply
- I just voted "For" on "[ARFC] Retroactive bug bounties proposal (pre-Immunefi)" https://snapshot.org/#/aave.eth/proposal/0x67fa557b990018a7d438aca3991c01ff503d82f559db027c8dada969d4f149d4 #Snapshot
- 🫅
- I just voted "Yes" on "Stargate Deployment On Meter (Pathway Change)" https://snapshot.org/#/stgdao.eth/proposal/0x39f95f69921626e2100df0d85e0ea77eb554796d79f6978e828f93a860242b99 #Snapshot
- She has passed 8 months, living with her is so amazing
#Maya
#Autumn
- I just voted "YAE" on "[ARFC] New Chain Deployment Framework" https://snapshot.org/#/aave.eth/proposal/0x265da0574923adf6c16dbbbbbf3d3de5a8c95b09a7f58fb5fdf42226f98fdbdd #Snapshot
- Have you been to Valpa? Did you lose yourself among the Cerros? Let me know!
- Gm professionalllssss! An Ivy League University Is Teaching **the Secret of JessyFries' Success**!
LFFryyyy
Don't sleep on the frikin fries
- Gm🤗Good weather, good mood, good luck. Let's start a lovely day, it's another energetic day today.
#Gm #beautiful #scenery #heart #lakes
- https://vitalik.ca/files/misc_files/socials.txt
- C2W RUNWAY TEASER - 75 UP FOR GRABS, FREE FOR A WEEK, ONLY FOR FOLLOWERS!
Hey everyone 🫵🏼🫠
After a rollercoaster of a journey with the 7th Cohort at @verticalcrypto.lens x @pronounceddrop.lens here I am presenting you: the #C2W VRM collection!
Over 6+1 weeks, every day was a new adventure - playing around with garments, bodies, textures, and lots of new tricks and treats. All to dig deeper into the concept of what an Avatar can really be. The result? I don’t know, to be honest, it is such a new area to explore for us.🧸
So, what's C2W? "Click-2-Wear", is an experimental take on fashion in the virtual world, consisting of 16 unique avatars ready to mint for 0.08 eth, only if you attend the event.
🥻🩸
On the 30th, during our Final Exhibition in London, 100 tickets for metaverse fashion runway will be on sale, only for a day. The artwork used in the ticket hints at the concept, but it’s more than that, believe me. That might be your best metaverse experience ever, in 10 minutes in total.
Each ticket comes with a free C2W Avatar! So when you grab your ticket, you get a cool avatar to go with it. “The Viewer”. When the ticket sale is complete, all the ticket owners will be able to get into the token-gated zone where the magic happens.
And it’s all happening on 7th October at Hyperfy and Mona.
Take a sneak peek attached to this post - it’s a little taste of what’s to come, with Polaroid shots of some selected fits for the drop. It's a small thank you for following along. What do you think? Excited as I am? Thanks for being part of this journey!
It's easy trade, get your ticket on the 30th, wear your free avatar, join the event, and click to the future💖
Be in touch with me! DM to ask any questions or mail at main@d.lens--f--w.com
- I just voted "ABSTAIN" on "[ARFC] ACI Phase II" https://snapshot.org/#/aave.eth/proposal/0x04e7059fc5b2c33d4e4554d68d27ef67c1f6d9d310b07493116bdfbf15c25bbc #Snapshot
- I just voted "YAE (LTV: 35%; LT: 45%) Gauntlet" on "[ARFC] Add FXS to Ethereum V3" https://snapshot.org/#/aave.eth/proposal/0xd8a8bdf3692666195895efbe0e885887c73b614273d6f0bd584c68afa9c11600 #Snapshot
- 🤩
- Grass for thought #SummerOfLens
- I just voted "YAE" on "[TEMP CHECK] Treasury Management - Swap B-80BAL-20wETH to GHO " https://snapshot.org/#/aave.eth/proposal/0x8023477ae0364be4df4a24b5ef633bdd49121db0ceeacff6322872d557c7239b #Snapshot
- I just voted "yes" on "Stargate Foundation 12-month Budget Proposal" https://snapshot.org/#/stgdao.eth/proposal/0x2eff53c9e9f0bf19a98345d1d32103ec0ec859d81978eecacb38db16be33b94b #Snapshot
- Does BTC give another opportunity to buy at the price of 12,000 $ ?
https://snapshot.org/#/polls.lenster.xyz/proposal/0x47fcedefb2f74eee326ec70b5e502e753e7ee085e0d0d9c891c121217dd75c32
- I just voted "Yes" on "Renewed Liquidity Incentivization Mandate" https://snapshot.org/#/stgdao.eth/proposal/0xe8e92474bbd4ad0aa011cf69ad1873a9e30ab9c431f717e9d859a78fdd799a3a #Snapshot
- talks Collects
- I just voted "Yes" on "Re-Enable Fantom Pools" https://snapshot.org/#/stgdao.eth/proposal/0x3cb9430062af89937887e9d359e4765de4f138c6bcea49ee66225a8fa998e97b #Snapshot
- Say hello to Bear Atlas Kulechov, @bear.lens born July 4 2023 in London, 3.77 kg of pure magic 🧸✨♋️ Mom @paris.lens recovering well 🫶🏼
- I just voted "Yes" on "Add Metis Chain support for MAI Bridging" https://snapshot.org/#/stgdao.eth/proposal/0xf1274081c9f4db1db77f30f21b53f61dde8716f8d3f2aac7367709bd4af369b2 #Snapshot
- I just voted "Yes" on "Stargate Deployment On Kava" https://snapshot.org/#/stgdao.eth/proposal/0xed5fe9d40c9e82a53c548d4458fdca91d6d26c12cc34303c205906b5e1854e29 #Snapshot
- Bitcoin Price Skyrockets to $138K on Binance US Amidst Exchange Turmoil
Bitcoin, the leading cryptocurrency, experienced a remarkable surge in price, reaching a staggering $138,000 on the Binance US exchange. This sudden and drastic increase, representing a 450% spike, caught the attention of traders and investors alike. However, it is crucial to note that this extraordinary event was not reflective of the general market conditions, as Bitcoin was trading around the $30,000 mark on other major exchanges.
The surge on Binance US can be attributed to the exchange's ongoing turmoil and a significant reduction in market depth, which has declined by approximately 80% in recent times. This decline in liquidity played a pivotal role in the occurrence of the price wick, specifically in the BTC-USDT trading pair.
At the time of the surge, the trading volume for the BTC-USDT market pair was around $400,000, indicating a considerable lack of liquidity. Currently, the volume has increased to nearly $12 million, but it still remains relatively illiquid compared to the trading activity on other pairs. For instance, the BTC-USDT market pair on Binance alone has seen a trading volume close to $3 billion in the past 24 hours.
It is important to highlight that this anomalous price movement was unlikely caused by a trader willingly paying such a substantial premium for Bitcoin, as its actual market value was around $29,000 during that time. Rather, the price surge was a consequence of the low liquidity in the Bitcoin-Tether trading pair on Binance US. Market depth data reveals that a $400,000 Bitcoin purchase on this specific pair can lead to a 2% increase in prices, whereas a significantly larger amount, approximately $842,000, would be required to generate the same impact on a Bitcoin-USD trading pair.
The decline in market depth, as reported by Kaiko earlier this month, demonstrates a concerning 76% decrease compared to May. This decline suggests that market makers and traders have been withdrawing from the Binance US exchange, possibly due to regulatory concerns or other factors impacting confidence in the platform.
While the surge to $138,000 on Binance US was a momentary anomaly, it highlights the importance of understanding the nuances of liquidity and market dynamics within the cryptocurrency ecosystem. Traders and investors must exercise caution and consider multiple factors when interpreting price movements, ensuring they make informed decisions in a highly volatile market.
Sources:
https://www.coindesk.com/markets/2023/06/21/bitcoin-price-spikes-to-138k-on-binanceus/
https://cryptopotato.com/bitcoin-price-touched-138k-on-binance-us-heres-why/
https://twitter.com/WatcherGuru/status/1671332729651175424
https://www.tradingview.com/chart/?symbol=BINANCEUS%3ABTCUSDT
Disclaimer: The information presented in this post is based on the sources mentioned and is not financial advice.
- gm
- I just voted "Option 2 (Front and Back)" on "What is the Linea SWAG that you would like to see at upcoming events? " https://snapshot.org/#/linea-build.eth/proposal/0xda4f201a37ea08cf1892418e7b9e88f5687a68dbdc96c3ab22abaa1c7244648e #Snapshot
- I just voted "Yes ✅" on "Poll by @yoginth.lens" https://snapshot.org/#/polls.lenster.xyz/proposal/0xf925c956cdb2a8797fde0f6bdc598727a2944be742621a5230cc15d25d8f3f91 #Snapshot
- Introducing the Lens SDK – your new go-to toolkit to create powerful experiences & applications for the social layer of Web3.
Developers rejoice! We have lowered the barrier to entry and made it easier than ever to create innovative, powerful, and engaging Lens apps and experiences. With the new Lens SDK you can plug into the Web3 social layer with just 10 lines of code.
Pick and choose the features you want - only the components you use contribute to the final size of your app bundles. These capabilities are all handled by the Lens SDK, allowing developers to focus on their core features.
The SDK is modular and composable. It seamlessly integrates with other Web3 projects, protocols, and tools such as @litprotocol.lens to enable token-gated publications.
Mobile apps have been some of the biggest success stories on Lens. The new SDK doubles down on mobile support, starting with React Native. With the SDK, you can build polished mobile apps without underlying knowledge of the Lens API or Lens Protocol.
Come build the future on the social layer of Web3.
Get started in our dev docs: https://docs.lens.xyz/docs/sdk-react-intro and dive into our latest blog here: https://mirror.xyz/lensprotocol.eth/LtJBLD6zX_P9EYdsJ2DrT9RaCbiE2vvtajF4Md6wHr0
- Today marks our 1 Year Anniversary of making friends onchain 🎂!
Thank you to everyone who has made the first year of Lens Protocol so special and groundbreaking. Lens has brought together builders, creators, communities, and friends, all while in beta.
There's so much planned for the second year ahead, and we can't wait to continue to grow with all of you.
Who did you become frens with on Lens?
🎨 by @nftsushi.lens and all collect proceeds go directly to the artist.
- Free collects, now with limits.
Set limits on the quantity and/or limit the time window to 24 hours.
Check out how some creators are already using limited free collects:
@jessyjeanne.lens: https://lenster.xyz/posts/0x73b1-0x2259
@grams.lens: https://lenster.xyz/posts/0x326c-0x09d0
@arterlioz.lens: https://lenster.xyz/posts/0xaeea-0x046d
@lufoart.lens: https://lenster.xyz/posts/0xd3a4-0x0601
@elliepritts.lens: https://lenster.xyz/posts/0x019a20-0xaa
@evanmann.lens: https://lenster.xyz/posts/0x01a5b6-0x9f
- How to run a Momoka Verifier
This video walks through how to run a Momoka Verifier on your local machine 👟
The Momoka Verifier enables you to operate a trustless verifier node that validates LENS DA publications in real-time.
It can also serve as an indexer, allowing you to stream and index the data yourself.
This open-source solution relies exclusively on software that you can run independently, without any dependency on LENS.
This ensures that even if LENS were to cease operation, you would retain access to your content, maintain proof of ownership, and continue to utilize it, all thanks to a decentralized data availability storage layer.
- Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyper-scale, and is designed to support the next generation of web3 social users.
Available for Lens devs in closed beta today.
Data availability layers are utilized to prevent storing information on-chain. While content on Lens may include an on-chain transaction, the content data is linked to a data availability location, like Bonsai.
Bonsai serves as a scaling solution that processes Polygon transactions off-chain, achieving hyperscale and reducing costs. Unlike L2 solutions, Bonsai doesn't compress transactions into L1, it sends and stores them on a data availability layer.
The main challenge for decentralized social networks is to ensure that users have control over their content, while still being just as user-friendly as traditional social networks.
Bonsai makes the future of decentralized social possible.
We've worked relentlessly with the @bundlr-network.lens work and Arweave teams to ensure scalability by providing Data Availability (DA) guarantees, allowing the use of Ethereum Virtual Machine (EVM)-supported wallets to save DA logic and facilitating the rapid publishing of data.
Permissionless innovation is at the core of everything we do on Lens. As we approach one year on mainnet (still in beta), we have been blown away by the talent and passion in our dev community but we realize in order to scale to the masses, we need to build new solutions.
Bonsai is currently only being beta tested on @lensterxyz.
We look forward to seeing more applications roll out Bonsai.
Dive into the dev docs here: https://docs.lens.xyz/docs/data-availability-post
Explore: bonsai.lens.xyz
Read our latest blog here: https://mirror.xyz/lensprotocol.eth/3Hcl0dGE8AOYmnFolzqO6hJuueDHdsaCs3ols2ruc9E
- Allow us to reintroduce ourselves...meet the native hyperscaling solution for Lens, Momoka! Momoka is an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of web3 social users.
Data availability layers are utilized to prevent storing information on-chain. While content on Lens may include an on-chain transaction, the content data is linked to a data availability location, like Momoka.
Momoka serves as a scaling solution that processes Polygon transactions off-chain, achieving hyperscale and reducing costs. Unlike L2 solutions, Momoka doesn't compress transactions into L1, it sends and stores them on a data availability layer.
The main challenge for decentralized social networks is to ensure that users have control over their content, while still being just as user-friendly as traditional social networks. Momoka makes the future of decentralized social possible.
We've worked relentlessly with the @bundlr-network.lens and Arweave teams to ensure scalability by providing Data Availability (DA) guarantees, allowing the use of Ethereum Virtual Machine (EVM)-supported wallets to save DA logic and facilitating the rapid publishing of data.
Permissionless innovation is at the core of everything we do on Lens. As we approach one year on mainnet (still in beta), we have been blown away by the talent and passion in our dev community but we realize in order to scale to the masses, we need to build new solutions.
Since yesterday, Momoka is already being beta tested on Lenster, Lenstube, Orb, Buttrfly and Phaver.
We look forward to seeing more applications roll out Momoka.
To make it easier to find any transaction made with Momoka, we built the Momoka Explorer (http://momoka.lens.xyz) to track and find Momoka transactions and to monitor the throughput speed of Momoka.
Join our Spaces today at 15:30pm UTC to hear from @stani.lens, @wagmi.lens, @nader.lens, and special guests from Bundlr and Arweave: https://twitter.com/i/spaces/1nAKEryXyDYGL/peek
- We made an oof...
This name was already in use in the web3 space, and we want to respect that.
So... we're taking new name suggestions below 👇
- What it’s like seeing Momoka in action
- Lens signless transactions are now better, faster, stronger!
You can upgrade your signless transactions on @lenster.lens: https://lenster.xyz/settings/dispatcher
Coming on other community-built applications 🔜!
- Enjoy
the little things in life, For one day you'll look back and realize they were the big things.
- Do good for others. It will come back in unexpected ways.
- GM
- We are excited to announce the Ethereum Denver Hackathon Winners.
🥇 **1st prize** - Hooks: an interactive mobile app for mixing and sharing video and audio on Lens https://www.youtube.com/watch?v=g5UFriFzySg
🥈 **2nd prize** - Palm: An open & composable mobile messenger & social protocol for web3 social communities https://www.youtube.com/watch?v=iLeQywZt2Ho
🥉 **3rd prize** - Dragverse: A decentralized social media dApp for Drag performers and fans to build their communities https://dragverse.app/
🛠️ **Best Lens Integration winners**👇
- LensScholar: https://ethdenver-9efl6w0q7-ataxia123.vercel.app/
- OpenAsk: https://openask.me/
- Know Your Developer: https://d-app-inky.vercel.app/
- RoyaltyLoyalty: https://royaltyloyalty.vercel.app/nft/0xd9dae8c7b6b1938404d76403684fd7c7612218de
- Liberate: https://www.loom.com/share/b1eada1faa7b49b98dcf5297350769a9
- Denoted: https://denoted.xyz/
- L's with Frens: https://www.youtube.com/watch?v=NSEjhqyLSQg
- Swosh.cash: https://swosh.cash/
- Splash: https://www.loom.com/share/49a96e17d5214778a180ed9f099ce71b
- LensGOAL: https://lens-goal-1js2rwuul-lens-goal.vercel.app/
Thanks to all of those who participated in the Hackathon. We're excited to onboard more devs into the Lensverse, and looking forward to seeing you all at more events this year.
If you would like to learn more about building on Lens our Dev rel team @nader.lens and @fabri.lens are here to help 🤝
Dev Docs https://docs.lens.xyz/docs
- Create together, earn together 🌿
Creators can now split revenue earned from Collects.
Share earnings with as many as 5 creators. With custom percentage splits.
Collects is among the most popular features on Lens.
We recently added the option to set limited quantities and/or time limits to collectible posts.
We’re excited to offer new ways for collectors to support creators, and for creators to monetize with Collects.
Learn how to implement the Multi recipient Fee Collect Module in our dev docs: https://docs.lens.xyz/docs/create-post-typed-data#multirecipientfeecollectmodule
Start using Splits today on @buttrfly.lens , @lenster.lens & @lenstube.lens - with more soon to come!