Jan-Henk ◱ ◱ (@janhenk) • Hey

PHP developer & crypto enthusiast!

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Rare opportunity: How to be a part of Ethereum History ♦️ The "KZG Ceremony" is a coordinated public ritual that provides a cryptographic foundation for Eth Users can contribute randomness (free) to help support the chain. It could be a good snapshot to take 👀 📚 Tutorial 👇 What do you have to do to "contribute randomness" to Ethereum? Just go to the Ethereum official website, follow the instructions, and sign the gasless transaction! Time: 3 minutes ⏰ Deadline: 23 July 📅 Minimum of 8 transactions to participate 🎱 PC required 💻 Steps: Tutorial 📚 ⚠️ Ensure you are on the correct domain as this process requires wallet signatures 1. Go https://ceremony.ethereum.org 2. Click "Begin" 3. Type some text, move the cursor until the circle fills, then click "Submit" 4. Select "Unlock with Ethereum" or "GitHub" Tutorial 📚 continued ... 📝 This tutorial will be completed with Ethereum unlocking method and signed with via MetaMask wallet 4. After unlocking with Ethereum or GitHub, click "Sign" 5. Select a wallet 6. Sign the message Tutorial 📚 continued ... 7. Once redirected to SIWE, sign-in with Ethereum and sign the message 8. Wait until your contribution is submitted 📝 Wait time depends on the number of participants in the lobby 📝 Contributions are selected at random Tutorial 📚 continued ... 9. Verify your contribution 🔗 https://ceremony.ethereum.org/#/record Congratulations! Your contribution will forever be onchain and a part of Ethereum's EIP-4844 upgrade. ♦️ Congratulations! You have now contributed cryptographic randomness to Ethereum. ⚡️
Megathread — The OP Stack 🔴🔵🟡⚪🟢👁️ Let's explore: • What is the OP Stack? • Five projects building on the OP Stack. • @BuildOnBase • @BNBCHAIN • @ourZORA • @pgn_eth • @worldcoin Massive Alpha Strategies on how to interact with each project. 🪂 🧵 What is the OP Stack? "A modular, open-source blueprint for highly scalable, highly interoperable blockchains of all kinds." 🔗 https://stack.optimism.io/ Here are five projects building on the OP Stack and strategies for each project. 👇 Base 🔵 "Base is a secure, low-cost, developer-friendly Ethereum L2 built to bring the next billion users to web3." 🔗 https://base.org/ Base🔵 continued... • Built by Coinbase • Coinbase funding: $500+ million • $BASE token possible, but not confirmed • Base testnet is live Base 🔵 Strategy 🪂 Mint "Base, Introduced" on Zora 🔗https://zora.co/collect/eth:0xd4307e0acd12cf46fd6cf93bc264f5d5d1598792 Bridge to Base testnet 🔗https://bridge.base.org/ Complete Base quest 🔗https://quests.base.org/ Run a Base testnet node 🔗https://github.com/base-org/node Base🔵 Resources Base documentation 🔗https://docs.base.org/ Base GitHub 🔗https://github.com/base-org Add Base testnet to your wallet 🔗https://docs.base.org/using-base Base testnet $ETH faucet 🔗https://docs.base.org/tools/network-faucets opBNB🟡 "An optimized layer-2 solution that delivers lower fees and higher throughput to unlock the full potential of the BNB Chain." 🔗https://opbnb.bnbchain.org/ opBNB🟡 continued... • Built by Binance • $opBNB token unlikely, but nothing confirmed • opBNB testnet is live opBNB🟡 Strategy 🪂 Bridge to opBNB testnet 🔗https://opbnb-testnet-bridge.bnbchain.org/deposit Explore opBNB ecosystem 🔗https://docs.bnbchain.org/opbnb-docs/docs/build-on-opbnb/ecosystem Run a opBNB testnet node 🔗https://docs.bnbchain.org/opbnb-docs/docs/tutorials/running-a-testnet-node opBNB🟡 Resources opBNB documentation 🔗https://docs.bnbchain.org/opbnb-docs/docs/intro opBNB GitHub 🔗https://github.com/bnb-chain/opbnb Add opBNB testnet to your wallet 🔗https://docs.bnbchain.org/opbnb-docs/docs/build-on-opbnb/wallet-configuration opBNB testnet $BNB faucet 🔗https://docs.bnbchain.org/opbnb-docs/docs/build-on-opbnb/network-faucet Zora Network⚪ "The Zora Network is a fast, cost-efficient, and scalable Layer 2 built to help bring media onchain. Many L2s are currently DeFi centric whereas the Zora Network is an ecosystem that puts NFTs first." 🔗https://zora.co/ Zora Network⚪ continued... • Zora funding: $60 million • Zora backers: Paradigm, Coinbase Ventures, and more • $ZORA token confirmed • Zora is live on Ethereum mainnet • Zora Network mainnet is live Zora Network⚪ Strategy 🪂 Mint NFT's on Zora (Ethereum & Zora Network) 🔗https://zora.co/ Bridge to Zora Network mainnet 🔗https://bridge.zora.energy/ Mint "Energy" NFT on Zora Network 🔗https://zora.co/collect/zora:0x6c00cf938446c553a581f913fb0ad17a613157f9/1/mint Zora Network⚪ Resources Zora Network documentation 🔗https://docs.zora.co/docs/zora-network/intro Zora Network GitHub 🔗https://github.com/ourzora Add Zora Network to your wallet 🔗https://docs.zora.co/docs/zora-network/metamask Public Goods Network🟢 "PGN is both a digital schelling point and the world’s first L2 that works to create durable and recurring funding for public goods." 🔗https://publicgoods.network/ Public Goods Network🟢 continued... • PGN backers: Gitcoin, Public Nouns, and more • $PGN token possible, but nothing confirmed • PGN testnet is live Public Goods Network🟢 Strategy 🪂 Bridge to PGN testnet 🔗https://pgn-bridge.vercel.app/bridge Get involved with PGN 🔗https://pgn-docs.vercel.app/get-involved Public Goods Network🟢 Resources PGN documentation 🔗https://docs.publicgoods.network/ Add PGN to your wallet 🔗https://pgn-docs.vercel.app/getting-started/rpc-endpoints PGN testnet $PGNETH faucet 🔗https://pgn-docs.vercel.app/getting-started/faucet Worldcoin👁️ "Worldcoin is building the world’s largest identity and financial network as a public utility, giving ownership to everyone." 🔗https://worldcoin.org/ Worldcoin👁️ continued... • Founded by Sam Altman (CEO of OpenAI ~ChatGPT) • Worldcoin funding: $125 million • Worldcoin backers: Coinbase Ventures, a16z, and more • $WLD token is live • Worldcoin is live on Optimism Mainnet Worldcoin👁️ Resources ⚠️Consider reading before proceeding with Worldcoin strategy⚠️ Worldcoin Privacy Notice 🔗https://vault.pactsafe.io/s/8a18d792-fd76-44db-9b92-b0bb7981c248/legal.html#contract-s1ytru6kk Worldcoin Biometric Data Consent Form 🔗https://vault.pactsafe.io/s/8a18d792-fd76-44db-9b92-b0bb7981c248/legal.html#contract-syn0uxpen ⚠️Consider reading before proceeding with Worldcoin strategy⚠️ Worldcoin👁️ Strategy 🪂 Download the World App 🔗https://worldcoin.org/download-app Get a World ID 🔗https://worldcoin.org/world-id Become a Worldcoin Operator 🔗https://worldcoin.org/be-a-worldcoin-operator The OP Stack 🔴🔵🟡⚪🟢👁️ is not alone. Arbitrum Orbit, zkSync Hyperchains, StarkNet Stack, and the Polygon Stack are also building. 👀🪂 "The Layer-2 Evolution: Superchains, L3s, and More" https://research.binance.com/en/analysis/the-layer-2-evolution-superchains-l3s-and-more ⚡️ Join Telegram Alerts for alpha notifications: https://t.me/OlimpioAlpha
If you were a user of Ethereum, Cosmos, Space ID, Vela, Pika, or Maverick; you might qualify for these recent airdrops. 🪂 Here we will explore airdrops from @divastaking, @archwayHQ, @vela_exchange, @SpaceIDProtocol, @PikaProtocol, & @ProtocolMaver 👇 (Claimable right now) 🧵 Diva 💠 "A decentralized staking protocol that allows Stakers to generate staking rewards by receiving divETH, a Liquid Staking Token." Approximately 15,000 addresses are eligible to claim 100 million $DIVA. Eligibility criteria: • Ethereum ($ETH) stakers • DAO participants • Ecosystem contributors Full eligibility details: 🔗 https://docs.staking.foundation/distribution $DIVA 💠 🪂 Check eligibility and claim $DIVA: 🔗 https://claim.diva.community $DIVA is currently non-transferable and several countries are excluded from the airdrop. 🏛️ Delegate to olimpio.eth: https://www.tally.xyz/profile/olimpio.eth?governanceId=eip155:1:0xFb6B7C11a55C57767643F1FF65c34C8693a11A70 Archway 🟠 "An incentivized L1 blockchain that allows developers to capture the value their dapps create, enabling sustainable economic models." 191,342 addresses are eligible to claim 35,753,330 $ARCH. Eligibility criteria: • $ATOM staker • Axelar bridge user • Terra Classic contract deployer • Constantine-2 or Torii testnet user Full eligibility details: 🔗 https://docs.archway.io/community/airdrop-snapshots $ARCH 🟠 🪂 Check eligibility and claim $ARCH: 🔗 https://connect.archway.io/airdrops Several countries are excluded from the airdrop. Vela ⚡ I previously covered Vela in February. 🔗 https://twitter.com/OlimpioCrypto/status/1621554345283133446 Vela traders with at least $3000 in volume and trades open for at least 1 minute are eligible. $VELA ⚡ 🪂 Check eligibility and claim $VELA: 🔗 https://www.vela.exchange/airdrop In addition to airdropping $VELA, 35,000 $ARB was airdropped to the top 250 traders from the beta. Find if your wallet got ARB: https://arbiscan.io/tx/0x5ebc592c0c8ce5f948ba1ead7e2e502fc9c115a0c4aba08b2093cec1f383dd75 Space ID 🆔 "A hub for you to discover, register, trade, & manage .eth, .bnb, & .arb web3 domains in one stop." Space ID had previously airdropped $ID to early adopters in March (Season 1). Season 2 now ended, with ~530,000 addresses eligible to claim 22,482,583 $ID. Eligibility criteria: • Registered a .bnb or .arb domain • Invited new users to register • Received Voyage boxes Full eligibility details: 🔗 https://blog.space.id/the-end-of-space-id-voyage-season-2-airdrop-summary-afae7efe983f $ID 🆔 🪂 Check eligibility and claim $ID: 🔗 https://space.id/voyage The final date to claim the Season 2 $ID airdrop is July 29th. Pika 🟡 "A decentralized perpetuals swap exchange on Ethereum layer 2." Approximately 15,000 addresses are eligible to claim 6.2 million $PIKA/esPIKA. Eligibility criteria: • Liquidity providers and traders • Liquidity providers with loss • Community contributors Full eligibility details: 🔗 https://pikaprotocol.medium.com/pika-retroactive-airdrop-a986655fa27f $PIKA 🟡🪂 Check eligibility and claim $PIKA: 🔗 https://www.pikaprotocol.com/#/airdrop The final date to claim $PIKA is September 30th. Claimed $PIKA (esPIKA) is vested for 1 year. Maverick 🟣 I covered the Maverick airdrop last week. Check if you were eligible and claim: 🔗 https://twitter.com/OlimpioCrypto/status/1674058801240997892
Test out the Scroll zkEVM, being an early user could benefit you later on! Check out the post by @olimpio.lens for more info: https://lenster.xyz/posts/0x632d-0x49
SCROLL TESTNET AIRDROP STRATEGY 📜⚡️ Scroll_ZKP is a zkEVM with a 1.8 billion valuation and no token yet. How to use Scroll Testnet, deposit in Scroll's AAVE, swap in Scroll's Uniswap v3. No funds are required. 20-minute strategy 🧵👇 1/9 What is Scroll_ZKP? Scroll is a zkEVM. A Zero-knowledge Rollup on Ethereum, like Starknet and zkSync. 2/9 Scroll has already reached around $80,000,000 in funding. Funded by several investors - Qiming Venture Partners and Polychain being the most recent. 🔗 crunchbase (dot) com/funding_round/scroll-tech-series-a--6cdb41f2 1.8 billion valuation 3/9 Will there be a token? An airdrop? No airdrop was confirmed so far. However, we can test the chain, following this strategy. • Vitalik, Barry Whitehat, Chih-Cheng Liang and Konstantopoulos made reviews of Scroll • The team consists of 20 people (they are hiring) 4/9 How to interact with Scroll? We will be engaging with Scroll Alpha Testnet, and also trying AAVE Scroll Testnet, which deployed recently 👇 5/9 STEP 1: Go to 🔗 scroll.io/alpha STEP 2: Add Ethereum Goerli Testnet & Scroll Alpha Testnet to your MetaMask STEP 3: Get Test Goerli ETH on faucetlink.to/goerli or faucet.paradigm.xyz 6/9 STEP 4: Bridge from Ethereum Goerli Tesnet to Scroll Testnet using their Hop fork scroll.io/alpha/bridge STEP 5: Check your bridge transaction on their explorer: blockscout.scroll.io 7/9 STEP 6: Let's try Aave's new Scroll Testnet. Go to app.aave.com and enable "Testnet mode" STEP 7: Switch to Scroll Alpha STEP 8: Go to Aave's Faucet to claim test tokens: app.aave.com/faucet STEP 9: Deposit tokens to Aave ⚡️ 8/9 STEP 10: Make swaps in Scroll's Uniswap v3: uniswap-v3.scroll.io/#/swap STEP 11: Join the Scroll Guild and claim some roles: guild.xyz/scrollzkp STEP 12: Visit their applications page for additional Dapps to use: scroll.io/alpha/ecosystem 9/9 With Optimism and Arbitrum, it was a good idea to be an early user and use the chains organically. This testnet is not incentivized at all, and transaction history could potentially be wiped $SCROLL, though, will eventually come in my opinion. It's best to try all chains!
Want to test out EigenLayer? Take a look at the latest post of @olimpio.lens for instructions how to do it: https://lenster.xyz/posts/0x632d-0x48
HOW TO PREPARE FOR EIGENLAYER TESTNET ⚡️ This could be one of the next big trends. Eigenlayer: A protocol on Ethereum to "re-stake" your ETH. How does it work and is there a potential big airdrop? 🧵👇 1/7 What is EigenLayer? EigenLayer enables ETH stakers to restake their ETH or LSD (stETH, rETH) to secure other apps on the network, earning additional rewards. Users opt-in Eigen's smart contracts and stake to earn interest on top of the existing ETH POS interest. 2/7 How does EigenLayer work? You can refer to my thread from January to learn more about the technical aspects, if you wanted to: https://twitter.com/OlimpioCrypto/status/1610013658125328384 3/7 Status of EigenLayer The initial phase of the three-stage launch plan for EigenLayer's protocol, the Stage 1 Testnet, was unveiled by the company on the 6th of April, 2023. This testnet is not incentivized. But you can try it now! 👀 4/7 STEPS TO START: (this is in Goerli Testnet) 1. Get Goerli ETH on faucetlink.to/goerli or faucet.paradigm.xyz 2. Switch your wallet RPC to the Goerli Test Network 3. Send some Goerli Test ETH to this address 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F to get stETH 5/7 STEPS CONTINUED: 4. Visit goerli.eigenlayer.xyz and connect your wallet 5. Click the “Lido Staked Ether (stETH)” option 6. Enter the amount you want to deposit and stake the stETH you just received 6/7 7. Approve and confirm the transaction 8. See your balance on the dashboard. 7/7 POSSIBLE AIRDROP? • Not likely, for now. • They have not confirmed any airdrop. • Testnet is not incentivized. However, it usually is a good idea to be an early adopter in the crypto space. It might pay off! 🪂 Moreover, this is a testnet, so no capital is needed. ⚡️
PREPARING FOR $STRK 🐺 Time sensitive post, 8 hours left ⏰ @argentHQ wallet is doing a "Xplorer Campaign" - something similar to the Arbitrum Odyssey that got the $ARB airdrop to many users. There are 8 NFTs to collect. Deadline for the 1st is today Airdrop Strategy 🪂: 1/xx Similar to Arbitrum Odyssey, Argent is: • Launching one campaign per week • Rewarding 1 NFT per week after each campaign • Helping users get to know the Starknet ecosystem • Helping protocols get discovered 2/9 $STRK: remember that the token has already been confirmed and deployed. Not currently trading: 0xca14007eff0db1f8135f4c25b34de49ab0d42766 There is no information about a retroactive airdrop for Starknet users yet, but there is 8.1% of "Unallocated" supply. 3/9 $STRK: In the other hand, StarkEX users (dYdX, Immutable, etc) are indeed getting an airdrop. Stay tuned for more news on this front - we will probably get some updates when the token becomes tradable. 4/9 This campaign is a good way to generate organic activity on-chain and to get to know Starknet protocols. Argent will be giving 8 NFTs for 8 weeks, 1 per week. First week was until May 9. However, since the network was slow, they extended the deadline to today 23:59 🚨 5/9 WEEK 1 To get the first NFT: 1. Install Argent X extension: 🔗 chrome.google.com/webstore/detail/argent-x/dlcobpjiigpikoobohmabehhmhfoodbb 2. Bridge ETH to Starknet: 🔗 starkgate.starknet.io (or use Orbiter) 3. Make (1) transaction on Starknet Mainnet using Argent X (make a swap @10KSwap, use @Orbiter_Finance, etc) 6/9 WEEK 1 Argent extended the deadline so users can get the first NFT if they interact today. There's still time - deadline is Thursday 11 May 23:59 UTC. https://twitter.com/argenthq/status/1656597368316231681 7/9 WEEK 2 Starting yesterday, there is time until May 16 23:59 UTC to also complete week 2. To get the second NFT: 1. Play the game in: 🔗 starkfighter.xyz 2. Get a .stark domain for free here: 🔗 xplorer.starknet.id 3. Submit your score (tweet required) 8/9 NFTs cannot be minted yet. They will share a link for users to mint the NFT after the snapshots are taken, so stay tuned. Once there's news about the mint page, or week 3 tasks, I will update. These tasks are not capital-intensive, it's a great opportunity to interact. 9/9 🏛️ You can delegate your future $STRK tokens to olimpio.eth in advance: 🔗 https://delegate.starknet.io/profile/olimpio.eth#statement (ETH Mainnet txn required) I was chosen to be one of the recipients of the Starknet Foundation's voting power ⚡️ I'll update ⚡️
ARBITRUM AIRDROP IS LIVE 🔵 🪂 Finally, ARB claim site started to work a few minutes ago. Thread: how to claim and delegate right now! 🧙‍♂️ 🏛️ ▓▓▓▓▓▓ 100% To claim: 1. Go to Arbitrum's website: 🔗 http://arbitrum.foundation 2. Click on "Claim" and follow the steps 3. Delegate to olimpio.eth 🏛️ 4. ✅ If you believe I am the right fit. My principles are decentralization, self-custody, privacy For months, I recommended everyone to delegate their $OP tokens. Then, Optimism did their Airdrop #2, and one eligibility criteria was to be active in governance (a.k.a. delegating) Do with this as you may 👀 💡 ICYMI: delegating is enabling your voting power to a delegate Here is my delegate application and some thoughts of DeFi, blockchain, and governance: 🏛️ https://forum.arbitrum.foundation/t/delegate-application-template/31/230?u=olimpio Where to trade ARB? • Use DexScreener/GeckoTerminal to monitor blockchains for pools. 1. Take $ARB's token contract: 0x912ce59144191c1204e64559fe8253a0e49e6548 2. Paste in on http://dexscreener.com / http://geckoterminal.com 3. You will see a pool list where ARB is trading! Also, centralized exchanges CEXs are listing $ARB. Almost all of them confirmed listing. • Binance: today 17:00 (UTC) • OKX: today (UTC) - 20 mins after claim opens • Kucoin: today (UTC) - immediately on claim open • Coinbase: "if and when liquidity conditions are met" 🤡 Transactions not going through? • If you are having problems with your transactions going through, Arbitrum RPC nodes could be having server load issues. Here is a thread I made to create your custom RPC endpoint for free and in 5 minutes: https://twitter.com/OlimpioCrypto/status/1638665520940560384 ARB had a rocky launch, with their main website failing for more than 1 hour, and Arbiscan also going down. The team denies it's from a DDoS or similar attack, they say it's just server load. If you are still experiencing issues, retry, it works intermittently. ⚡️
ARB distribution model was designed by Nansen 🔵 🦅 +2,300,000 addresses bridged to Arbitrum before the snapshot. Online 625,143 were eligible for ARB. Only around 30%! What can we learn from their report? 5 key take-aways so you don't get excluded from airdrops ⚡ 1/5 Eligibility Criteria: - Conducted transactions: number, value, and time thresholds - Arbitrum Nova: bridging & conducted transactions - Dapps and Governance activity - Liquidity providing 💡 Take-away: the more different activities, the better. Be active! 2/5 USD Value. I know this is a given, but it's important to stress out. • The majority of wallets transact on small USD amounts • The majority of wallets got small airdrops (USD value terms) 💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it! 3/5 The number of transactions • The majority of the wallets made 1-2 transactions (1M+ wallets) • Only 100k wallets made 50-100 transactions Median = 3 Average = 28 💡 Take-away: more transactions = more valuable airdrop. Become a recurring user. 4/5 Sybil wallets: • The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop • Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop • 172k wallets excluded 💡 Take-away: be user, not a "hunter" 5/5 Negative criteria ⚠️ This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB. These users got less ARB: • All transactions in a 48h period • Interacted with only 1 smart contract • Low ETH balance in Snapshot day There's a lot more data in their official report. Read the full blog post here: 🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community Join alpha discord: https://earndrop.io/discord
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
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
Check out https://lenster.xyz/u/olimpio for great airdrop alpha!
ARB distribution model was designed by Nansen 🔵 🦅 +2,300,000 addresses bridged to Arbitrum before the snapshot. Online 625,143 were eligible for ARB. Only around 30%! What can we learn from their report? 5 key take-aways so you don't get excluded from airdrops ⚡ 1/5 Eligibility Criteria: - Conducted transactions: number, value, and time thresholds - Arbitrum Nova: bridging & conducted transactions - Dapps and Governance activity - Liquidity providing 💡 Take-away: the more different activities, the better. Be active! 2/5 USD Value. I know this is a given, but it's important to stress out. • The majority of wallets transact on small USD amounts • The majority of wallets got small airdrops (USD value terms) 💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it! 3/5 The number of transactions • The majority of the wallets made 1-2 transactions (1M+ wallets) • Only 100k wallets made 50-100 transactions Median = 3 Average = 28 💡 Take-away: more transactions = more valuable airdrop. Become a recurring user. 4/5 Sybil wallets: • The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop • Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop • 172k wallets excluded 💡 Take-away: be user, not a "hunter" 5/5 Negative criteria ⚠️ This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB. These users got less ARB: • All transactions in a 48h period • Interacted with only 1 smart contract • Low ETH balance in Snapshot day There's a lot more data in their official report. Read the full blog post here: 🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community Join alpha discord: https://earndrop.io/discord
▓▓▓▓▓░ 91% $ARB is coming TOMORROW 🔵 🦅 A quick guide on how to be prepared: • how to claim faster • how to LP • how to buy/sell/snipe faster Don't get front-run 🐵 👇 1/12 🐵 CUSTOM RPC $ARB is launching in Arbitrum One chain. With the Optimism #1 Airdrop, the network saw a lot of stress and their RPC went down. This could also happen tomorrow. Solution: create your own RPC endpoint. 2/12 🐵 CUSTOM RPC In this example, we will be using AlchemyPlatform: 1. Create an Account 🔗 auth.alchemy.com/signup (free plan, skip when asked for credit card details) 2. Go to your Dashboard: dashboard.alchemy.com 3. Click on the "Create app" button at the top right 3/18 🐵 CUSTOM RPC 4. Create an App for Arbitrum 5. Get your RPC https URL from Alchemy 4/18 🐵 CUSTOM RPC 6. Go to MetaMask and add a Custom RPC 7. For the Custom RPC, enter → your Alchemy URL, Chain ID 42161, ETH as currency, and https://arbiscan.io as the block explorer 8. Done ✅ 5/18 🐵 ARB PRE-APPROVAL • How to front-run the opportunity even more? Pre-approve the contract to take advantage faster and allow @ARB to be traded in exchanges. This can be done with the most popular protocols (@1inch, @Uniswap) 6/18 🐵 ARB PRE-APPROVAL • This is $ARB contract: 0x912ce59144191c1204e64559fe8253a0e49e6548 (compare it to 🔗 docs.arbitrum.foundation/deployment-addresses) • Uniswap V2 & V3 Router: 0x4c60051384bd2d3c01bfc845cf5f4b44bcbe9de5 • 1inch smart contract: 0x1111111254EEB25477B68fb85Ed929f73A960582 7/18 🐵 ARB PRE-APPROVAL 1. Go to ARB smart contract > Write as Proxy: 🔗 https://arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548#writeProxyContract 2. Connect your wallet 3. Spender: Uniswap or 1inch 4. Amount: in the example, with 20000000000000000000000 you are approving 20,000 ARB to be traded by that smart contract 8/18 🐵 PREPARE ETH FOR GAS Don't forget to send some ETH in advance to Arbitrum to cover gas fees when claiming. Use: • jumper.exchange • bungee.exchange (either bridge has a token yet 👀 🪂 ) 💡 Gas tracker: pro.nansen.ai/multichain/arbitrum/gas-tracker 9/18 🐵 WHERE TO TRADE - DEX I get asked a lot about where to trade certain tokens. This will be useful for any token, not just $ARB. There are two great tools that let users monitor every blockchain for pools: GeckoTerminal and DexScreener. 10/18 All you need to do is paste ARB's contract in their search bar: • @GeckoTerminal: geckoterminal.com • @dexscreener: dexscreener.com And the websites will display all pools in DeFi that are trading that specific token, with liquidity and price info. 💥 11/18 🐵 WHERE TO TRADE - CEX This also applies for general tokens. @Coingecko has a great section dedicated to the token's markets. Go to CoinGecko's $ARB token page 🔗 coingecko.com/en/coins/arbitrum Scroll down to the bottom, and check “markets”. 12/18 🐵 WHERE TO TRADE - CEX Confirmed centralized exchanges that will be listing ARB ✅ Binance ✅ Bitfinex ✅ Kucoin ✅ ByBit ✅ OKX ✅ Gate (don't use this one, it's a piece of sh**) ✅ Bitmart ✅ Huobi ✅ Bitget ✅ Bitrue ✅ MEXC (don't use this one, it's a piece of sh**) 13/18 🐵 LIQUIDITY PROVISION • Uniswap v3 allows single-sided LP. You could potentially just LP your $ABR airdrop and not risk your "main funds", but your "airdrop" funds. Why would you do this? To get interest. Transaction fees and APR in the initial launch hours are huge 14/18 🐵 LIQUIDITY PROVISION • How does single-side liquidity work in Uniswap v3? LPs can set the liquidity allocation price higher than the current market price if they provide the more valuable token, or lower than the market price if they provide the less valuable token. 15/18 🐵 LIQUIDITY PROVISION This allows LPs to sell their position if the asset they provided increases in value, or buy more of the other asset if it continues to fall in price. LP tokens are being replaced with an NFT (ERC-721). 16/18 🐵 LIQUIDITY PROVISION There is already almost 4M USD in TVL in Uniswap for the ARB pools. How do they do it? Users are LPing just USDC or just ETH (single-sided). v3 is more complex than v2, watch this video from @finematics to learn more: 🔗 https://www.youtube.com/watch?v=Ehm-OYBmlPM 17/18 🐵 CLAIMING TIME • People can claim the airdrop until Sep 23 2023. • Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. That is on Thursday, in around 13 hours: 🔗 https://etherscan.io/block/countdown/16890400 Monitor the link to be ready 18/18 I hope this helps you learn a thing or to, and have an edge against the general market when deciding what to do with your airdrop. ⚡️
▓▓▓▓░░ 71% Arbitrum's $ARB is coming this Thursday 🦅 🔵 77% of my audience got this airdrop. Congrats everyone, BTW ⚡️ 26% is holding no matter the price, and 50% is not selling below null.25. What is the purpose of the ARB token? 🧵👇 1/11 ✅ ABOUT PRICE I was thrilled to see that almost 80% of the people who voted in my Twitter poll got this airdrop. It's a huge sample of 7300 people Very happy that so many people are getting their first airdrop, there are 625,143 wallets eligible https://twitter.com/OlimpioCrypto/status/1636357015684481024 2/11 ✅ ABOUT PRICE In my second poll, 26% is holding. Only 22% are selling below null.25. https://twitter.com/OlimpioCrypto/status/1636771668206006272 3/11 ✅ ABOUT PRICE There is also an informal OTC market for ARB, I've seen prices from null to null.50 there today. (image attached) 4/11 ✅ ABOUT PRICE Another speculative price point can be found in protocols like PrePO, where people are betting ARB's FDV on $14.4B (one week after token launch), which is around null.50 per token. (image attached) 5/11 ✅ ABOUT PRICE If you want to have some fun, read this price scenario speculation I posted a few days ago. Don't take it too seriously! https://twitter.com/OlimpioCrypto/status/1636771626560765969 6/11 ✅ TOKENOMICS • Team & Future Team + Advisors: 26.9% • DAOs in the ecosystem: 1.1% • Individual wallets: 11.6% • 42.8%: DAO Treasury • Investors: 17.5% Total supply: 10B tokens 7/11 ✅ VESTING Total Supply schedule • User & DAO airdrops will be available on Thursday • Investor & Team tokens have 4-year lockups (1 year cliff) • First unlock: in one year, then monthly linear unlocks 🔗 Source: https://docs.arbitrum.foundation/airdrop-eligibility-distribution 8/11 ✅ GOVERNANCE • Self-executing governance: This means that DAO votes will have the power to execute autonomously on-chain. No need for a central authority to "process" DAO decisions 9/11 ✅ GOVERNANCE • For emergencies: the Arbitrum Security Council A 12-person multi-sig that will be able quick action in case of emergency. 9/12 votes needed. This could be used, for example, to patch a vulnerability Elections for the Council are held twice annually. 10/11 ✅ GOVERNANCE • $ARB tokens govern both Arbitrum Nova and Nitro • Voting power is determined by the number of $ARB held • You can delegate your voting power to others (like olimpio.eth 😉🏛️) 11/11 ✅ ARBITRUM "ORBIT" Orbit will allow developers to easily and permissionlessly launch their own Layer 3 (L3) blockchain in the Arbitrum ecosystem • L3s can be launched with no DAO approval • New L2s that want to fork Arbitrum will be able to do it after DAO approval Stay tuned, I will keep you updated ⚡️ Join instant alpha telegram Alerts: https://t.me/OlimpioAlpha
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 $INFURA, but it means rewards • On the 2nd screenshot, the Team said that no token will be launched 7/10 Why should we care? • ConsenSys is a company that owns MetaMask • Joseph Lubin already confirmed that MetaMask will have a token (check the thread below) • Infura is actively thinking about rewarding its token holders for the contribution https://twitter.com/OlimpioCrypto/status/1590425920506318849 8/10 💡 Note: Getting involved with the community is always a good way to get to know the team and what they are building. 9/10 💡 Activities that you can engage with: 1. Taking an Infura survey that will give you an NFT: https://research.rallyuxr.com/consensys/lp/cle4f709z00vz2zby305x37b2?studyId=cle4f709x00vx2zbyfqpmc7ga 2. Monitor ConsenSys Events. There was a community call 8 days ago: https://www.crowdcast.io/consensys 10/10 💡 Didn't receive their email yet? The registration for zkEVM private testnet is closed at the moment. If you missed the registration period, don't worry! The next phase will be a permissionless testnet. We will have more communications on this to come, stay tuned. ⚡️
**$STRK from StarkWare was officially deployed in Ethereum on November 2022. 🐺** Since then, the team has been moving tokens around. Some expect an airdrop and token launch to happen later this year 🪂 A thread: how to potentially get and what we know about $STARK so far 🧵 1/7 Quick recap: • $STRK is the token of StarkWare: an $8B web3 company that invented the StarkNet tech stack (StarkEx, StarkGate, etc). • Everyone was speculating with a $STARK token/airdrop until scammer Zhu Su from 3AC leaked an email from StarkNet confirming the token 2/7 • StarkWare was then forced to confirm the token, so they released three blog posts: 1. StarkNet Sovereignty 🔗 https://medium.com/starkware/part-1-starknet-sovereignty-a-decentralization-proposal-bca3e98a01ef 2. Decentralization and Governance 🔗 https://medium.com/starkware/part-2-a-decentralization-and-governance-proposal-for-starknet-23e335645778 3. StarkNet Token Design 🔗 https://medium.com/starkware/part-3-starknet-token-design-5cc17af066c6 Tokenomics 👇 3/7 Token utility This token will be required for: (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism (staking) 4/7 Airdrop information 🪂 They allocated 9% for "Community provisions": • Being the StarkEx L2 user (dYdX, Immutable X, etc). • Snapshot: June 1, 2022 If you got the dYdX airdrop, you probably have $STARK too This is open to interpretation, the original text below 👇 5/7 There is also 8.1% that's "Unallocated", to be decided by the community. This can also mean an airdrop to past StarkNet users if the community decides it. This is why some still speculate that trying new StarkNet protocols (even now) might get them $STARK in the future 6/7 What else do we know? The official $STRK smart contract has already been deployed: 🔗 https://etherscan.io/token/0xca14007eff0db1f8135f4c25b34de49ab0d42766 • Total supply: 10B • Transactions: 404 • Holders: 226 Speculation: StarkWare is moving $STRK to investors so they get the token before TGE 7/7 Bottom Line • There has not been a $STRK airdrop confirmed for StarkNet Early Network participants, but there is around 8% of the supply that's "unallocated" • Here is an Airdrop Strategy to try a few protocols 👇 https://twitter.com/OlimpioCrypto/status/1576935798871851009 ⚡️
Collab Land is launching $COLLAB tomorrow 🪂 In case you missed it: who is getting the airdrop? Claiming will start tomorrow in Optimism. Details on Collab_Land_ eligibility criteria and how to claim 👇 1/5 What is Collab Land? • A tool to token-gate discord/telegram • Their solution is used by projects (i.e. Axie Infinity) to identify & reward token holders. For example, unlocking special channels Recently, they announced $COLLAB - the Collab Land token. 2/5 Token details? • 50% - DAO Treasury • 25% - Partners / Investors • 25% - Retroactive Distribution Utility: • Voting in Collab Land DAO (launched on Optimism) • Ecosystem usage (i.e. in the marketplace, announced in Feb 2023) 3/5 Airdrop Eligibility • Verified Community Members (DC and TG) → This is the easiest way to qualify • Top 100 Discord communities based on membership, longevity, and activity • Collab Land Patron NFT holders (token numbers 1-142) • Collab Land Membership NFT holders 4/5 Airdrop Snapshot For community members and discord communities, snapshot was taken on Feb 14. For NFT holders, no snapshot was taken, anyone who holds the any of the eligibile NFTs will be able to claim. I would not buy any of these anyway. 5/5 Airdrop claiming • Claiming starts TOMORROW (23 Feb 2023) • The official claim page is this: wagmi.collab.land (get it directly from Collab_Land_'s official twitter, careful with scams ⚠️) • 1 month to claim, until 23 March 2023 Stay tuned tomorrow! ⚡️
✨Phi🏝️ × Lens🌿✨ "Yasai Lens Festival", an Official Campaign Collabs with @lensprotocol 🌿 & @lenster 🌸, is now live on Phi🎉🤩 📅 Campaign Period: 7th Feb ~ 21th Feb 2023 12:00AM UTC Yasai Lens Festival has 2 parts: 1) Yasai Quests🌿 - Taskbased Quests dedicated to @lensprotocol 🌿 & @lenster 🌸 2) Good Lenster Post Race🏁 - A Community Race for Good Lenster Posts Check out the details 👀🧵↓ https://quest.philand.xyz/campaign/lens-yasai
Taking a look at Lens again after a while, looking great! #Yasai
$LENS Airdrop Strategy 🌿 There have been rumours that @LensProtocol's token is close. Coinbase had the LENS price page for one day before taking it down. Thread: • How to get a Lens Profile • Complete the new Lens quests and get a reward ⚡️ 🧵 1/11 ✅ $LENS info On Feb 1, @stani.lens, Lens' Founder, published a tweet with Ξ16460695 ETH block. That block was mined in Jan 22. Could it be a snapshot? 🔗 https://etherscan.io/block/16460695 https://twitter.com/stanikulechov/status/1620802163843928064 2/11 ✅ $LENS info Stani spoke about governance in a Podcast in May 2022 TLDR: It's a progressive approach. Lens in-protocol fee collection is 0 atm, but if switched "on", they could go to a community owned treasury I tweeted about this in Jun 2022 👇 https://twitter.com/OlimpioCrypto/status/1533846684480024581 3/11 ✅ $LENS info There is no official info yet, this is all speculation, however it's natural for a protocol to eventually pursue decentralization via token governance. So let's stay tuned and see how this evolves, we are early 4/11 ✅ How to get a Lens handle? Many people doesn't know that Lens profiles are NFTs and can be purchased in Polygon Opensea: https://opensea.io/collection/lens-protocol-profiles Floor price has been slowly inceasing, right now it costs 86 USDC to get one that's already minted. 5/11 If you buy a Lens handle in Opensea, you can start using it immediately. However you can't pick up the @ handle, since it was already minted by someone. Also, floor price will probably dump hard when Lens Profiles are unlimitedly open to the public. No ETA on that. 6/11 ✅ How to get a Lens handle? The other way to get a handle is mint it yourself, but right now minting is closed, and they open it for some users from time to time. Latest way to get whitelisted is to have +700 DegenScore and mint via Phaver App 👇 https://twitter.com/StaniKulechov/status/1625134666867933185 7/11 ✅ Lens Quests in Phi Lens launched a series of Quests in @philand.lens on Feb 7. They last until Feb 22, so there's still 10 days to participate and claim free NFT rewards plus generate Lens real activity in the protocol. 8/11 ✅ Lens Quests in Phi How to participate? 1. Go to 🔗 https://quest.philand.xyz/campaign/lens-yasai 2. Own a Lens Handle 3. Set your default Lens handle in Lenster if you own more than one 4. On the campaign page, click the "Apply" button 5. Start completing the quests! 👇 9/11 ✅ Lens Quests in Phi Here is a Step by Step tutorial en how to complete all six quests: 🔗 https://phi-xyz.notion.site/Yasai-Walkthrough-Guide-6f99640b0b894f6fbb7f9fc42997a999 It's quite straightforward 10/11 ✅ Claiming rewards Phi says that claiming rewards will start on Feb 22nd. There is no info yet as to what those rewards are. However, when you complete each quest, you earn one free NFT that can be traded via OpenSea. There's one for every quest, so there are 6 NFTs. 11/11 Not many people know that you don't need a Lens profile to follow someone on Lens. Give it a try: 1. Go to 🔗 https://lensfrens.xyz/olimpio.lens 2. Connect any wallet, with or without a Lens profile 3. Click follow 4. Sign the #1 txn 5. Submit the #2 txn to the blockchain ⚡️