FIRAT (@frat34571423) • Hey
As right as rain
Publications
- I just voted "Yes" on "Proposal to wind down support for the Fantom Ecosystem" https://snapshot.org/#/stgdao.eth/proposal/0xeb2e6a54d110db0cec12113aae61ac83e2d31fc60e14c8084d86d0cc710631d4 #SnapshotVote
- I just voted "Abstain" on "Aptos Foundation and Layer Zero Proposal" https://snapshot.org/#/stgdao.eth/proposal/0xcf50734221eca0c197e6d78aa9a4ccf7f5a823088718b3bfa849b1342a7e7840 #Snapshot
- I just voted "Abstain" on "Aptos Foundation and Layer Zero Proposal" https://snapshot.org/#/stgdao.eth/proposal/0xcf50734221eca0c197e6d78aa9a4ccf7f5a823088718b3bfa849b1342a7e7840 #Snapshot
- I just voted "yes" on "Proposal to Approve Stargate Deployment on Scroll" https://snapshot.org/#/stgdao.eth/proposal/0x1a1199e257551beac23b21fdba98f6efba2773a52135ad848fc6ad5b22b5d627 #Snapshot
- I just voted "Yes" on "Proposal for Stargate Deployment on Mantle" https://snapshot.org/#/stgdao.eth/proposal/0xafce718ac2c5b42caa1c4a2f355f37bab804600b8f2a897840606df146db3da0 #Snapshot
- Are you scared?
They're hoping so.
Meanwhile the #Bitcoin cycle remains right on track.
Same structure, same Fibonacci retrace moves, slightly different look.
The first move out of the lows is complete, what do you do on the retest? 🤔
- I just voted "Yes" on "Stargate New Oracle Configuration: Google Cloud Oracle" https://snapshot.org/#/stgdao.eth/proposal/0x13e489cc2b60e4b57876266b70e15d77d6ac86a23817dffba26043e69e3bf91e #Snapshot
- I just voted "yes" on "Stargate Foundation 12-month Budget Proposal" https://snapshot.org/#/stgdao.eth/proposal/0x2eff53c9e9f0bf19a98345d1d32103ec0ec859d81978eecacb38db16be33b94b #Snapshot
- I just voted "Yes" on "Renewed Liquidity Incentivization Mandate" https://snapshot.org/#/stgdao.eth/proposal/0xe8e92474bbd4ad0aa011cf69ad1873a9e30ab9c431f717e9d859a78fdd799a3a #Snapshot
- I just voted on "[Community badges] 2nd batch" https://snapshot.org/#/etherscoredao.eth/proposal/0xf826b191370b606016d3b4fc7703ab84722fc57c254780805447d8b6442b18ce #Snapshot
- 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
- ⚡️Starknet FREE & INTERACTIVE dashboard
🧵 Thread
https://twitter.com/ardizor/status/1672958758404911104
[ardizor 🧙♂️ on Twitter](https://twitter.com/ardizor/status/1672958758404911104)
“Wanna earn $10,000+ $STRK airdrop?
Starknet has already raised an impressive $280M. Seize this opportunity with our FREE INTERACTIVE DASHBOARD.
Check out the link below 👇”
- Bitcoin still sideway from 29k to 31K. I will wait entry at 29k5xx, TP: 34-38K
- I just voted "Yes" on "Poll by @stani.lens" https://snapshot.org/#/polls.lenster.xyz/proposal/0xb48787ee4d877ede83434a2e4c5c194b4853cd2b6231c20e02d3b3ba9861b06a #snapshotlabs
- I just voted "No ❎" on "Poll by @yoginth.lens" https://snapshot.org/#/polls.lenster.xyz/proposal/0x04e4c4bceee9ed9e54b6012d566d139e7c334829ddf27307fd11fd29882f7950 #snapshotlabs
- I just voted "Yes" on "Create a Secure UniswapV3 Oracle for STG with Arrakis PALM" https://snapshot.org/#/stgdao.eth/proposal/0x9b511ccf8bd097176255da63725877de9f80caeea8a28256ff50dfad10a3820d #snapshotlabs
- I just voted "Yes" on "Create a Secure UniswapV3 Oracle for STG with Arrakis PALM" https://snapshot.org/#/stgdao.eth/proposal/0x9b511ccf8bd097176255da63725877de9f80caeea8a28256ff50dfad10a3820d #snapshotlabs
- Nexon Finance mainnet is live on #zkSync Era 🔥
Checkout: https://app.nexon.finance
- 4️⃣
- I just voted "Yes ser 🙌" on "Do you like the Snapshot integration with Lenster?" https://snapshot.org/#/yoginth.eth/proposal/0x9287c40edcd68c362c7c4139fe3489bbaaa27cf4de68be5c218a82d0f252e718 #snapshotlabs
- 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 voted "Yes" on "Make Velodrome the STG Hub on Optimism" https://snapshot.org/#/stgdao.eth/proposal/0xd78c441994d140edde34131051113479651c593ab83badebc537a347ba86b705 #snapshotlabs
- 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 voted "LFG !!!!" on "The $REUNI token sale is open ! Are you going to participate ?" https://snapshot.org/#/reunitdao.eth/proposal/0x3660dfa6ca0b174bdf5417bd88069a1e57fb473a2e49b09bda76afebfcf35a60 #snapshotlabs
- I just voted "Burn them !" on "Token sale: Unsold tokens will be distributed proportionally to participants!" https://snapshot.org/#/reunitdao.eth/proposal/0x002ca8c4ee15188bb4ed206035449dec1d31d2543d7228212504ab43ceb640db #snapshotlabs
- I just voted "Burn them !" on "Token sale: Unsold tokens will be distributed proportionally to participants!" https://snapshot.org/#/reunitdao.eth/proposal/0x002ca8c4ee15188bb4ed206035449dec1d31d2543d7228212504ab43ceb640db #snapshotlabs
- You might have missed out on $arb, but ...
Don't miss out on DiverseHQ Mainnet!
Collect this post for FREE, and you will be whitelisted.
- GM, everyone!🌿
I’m Mari, welcome to my profile! I create digital illustrations, whimsical cartoonish characters with splashes of bright colors. Hopefully, they spark joy in you!
I’m at the beginning of my art journey and I don’t follow many rules 👾. I’m here to find like-minded people, hang out and share my art pieces as well as my crypto Web3 quests. Stay tuned for that!
Few more things about me: I communicate with cats much better than with humans, but I’m working on that. I'm starting to learn a new language now. I’m an avid traveller and I adore mountain landscapes 🏔. Well, city scapes and street art too!
A huge shout out to @lensprotocol_ru.lens, who helped me getting a profile in Lens, frens you are the best! Thank you! I’m excited to dip my toes into a social platform build in Web3.
Xx
Mari
- I just voted "For" on "MDP-03: Proposed Integration of SpaceID(.bnb) into Mail3" https://snapshot.org/#/mail3.eth/proposal/0x2aa672dfa8bcd3cdaef4b87f2b0de311b79ea61eb47ea8213f029d9f5f317a7a #snapshotlabs
- Join the waitlist of @lensplayxyz.lens guys: https://form.waitlistpanda.com/go/WzNdl6Tusvm3k89B3yKL?ref=WNjNFJMbQUcNwM3O8A6g
- **AIRDROP STRATEGY: OliveYield 🫒**
@ 0xOlive is a DeFi protocol where you can deposit crypto and earn yield with their vaults and strategies. Similar to Ribbon Finance
Remember the $RBN airdrop? It was worth 30,000 USD to some
🧵Thread: how to potentially get an $OLIVE airdrop 🪂
1/8
✅ What is Olive?
A DeFi protocol that operates vaults generating yield to users
✅ How does the yield generate?
With DeFi Vault Strategies. 2 types of vaults:
• Covered call (yield in crypto. Deposit WBTC, earn WBTC)
• Put sell (yield in USDC. Deposit USDC, earn USDC)
2/8
✅ $OLIVE token?
Their token is already confirmed, 40% is destined for the community.
This 40% can be used for Community Rewards such as:
• Trading rewards
• Staking
• Liquidity mining
• Airdrops 🪂
🔗 Tokenomics and Docs: https://docs.oliveapp.finance/olive/tokenomics/olive-token
3/8
✅ $OLIVE airdrop? 🪂
Unlike the token, no airdrop has been confirmed yet.
There are hints in their docs, however, that some of the 40% destined for the community might be used to airdrop early users.
4/8
✅ Airdrop strategy ⚡️
1. Go to Olive:
🔗 https://bit.ly/3DNC0tL (olimpio's referral link, helps me a lot)
🔗 https://bit.ly/40ADBgf (no referral link)
2. Choose a vault
3. Deposit funds to earn yield
5/8
✅ Risks 🚨
It's important to know that sometimes the vaults lose money!
Olive shows "Success Rate": the percentage of weeks that the vaults were profitable
There's also "How it works", where you can see exactly how a vault works and how the yield generates
6/8
✅ Investors:
• Polygon Founders
• Jump Crypto
• Defi Alliance
✅ Metrics
TVL: 2.6M
Audited: Yes 🔗 https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Olive-v1.0.pdf
7/8
✅ Put selling: some basic info
• Assumption: the market will go up / sideways
• Obligation: buy the asset at the strike price
• When do you earn? You want the asset price to be above the strike price by the time vault expires. That's when you get paid.
8/8
✅ Covered calls: some basic info
• Assumption: the market will go down / sideways
• Obligation: sell the asset at the strike price
• When do you earn? You want the asset price to be below the strike price by the time vault expires. That's when you get paid.
⚡️
- ///////////////