Menestrel (@menestrel) • Hey
Hi frens
Publications
- I've been trying @DeBank for a few months and to be honest, I'm speechless! They will probably do an airdrop so why not trying ? Join me !! 🔥
https://debank.com/profile/0xcbf4f0f7d1fecf82350509c740222be0824bb769?t=1697266126759&r=91569
- I've been trying @DeBank for a few months and to be honest, I'm speechless! They will probably do an airdrop so why not trying ? Join me !! 🔥
https://debank.com/profile/0xcbf4f0f7d1fecf82350509c740222be0824bb769?t=1697266126759&r=91569
- Not gonna quit crypto until we can use stablecoins to pay almost everywhere IRL
- Hi guys ! Mint yours before it's too late ! Once 200k mystery boxes minted... the reveal ! 🔥
https://galxe.com/
- Hi guys ! Mint yours before it's too late ! Once 200k mystery boxes minted... the reveal ! 🔥
https://galxe.com/
- Hi guys ! Mint yours before it's too late ! Once 200k mystery boxes minted... the reveal ! 🔥
https://galxe.com/
- Hi guys ! Mint yours before it's too late ! Once 200k mystery boxes minted... the reveal ! 🔥
https://galxe.com/
- Hi web3 nerds, here is a list of few codes if you need to get access to @friendtech :
ft-90mot9pl
ft-5wlqbt8z
ft-8zsydihe
ft-c8k9cs2n
✅ It's not too late to farm the amazing #airdrop from #friendtech 🔥🔥🔥
#friendtechcode
- Hi web3 nerds, here is a list of few codes if you need to get access to @friendtech :
ft-90mot9pl
ft-5wlqbt8z
ft-8zsydihe
ft-c8k9cs2n
✅ It's not too late to farm the amazing #airdrop from #friendtech 🔥🔥🔥
#friendtechcode
- Show me the power of @phaver.lens community!
- I just voted on "Add Euro Coin ($EUROC) to Stargate" https://snapshot.org/#/stgdao.eth/proposal/0xcbefd708a0b64d9e9d634e5d7f57c5056b59285b6a5ba18492cfea4db6a53104 #Snapshot
- I just voted "Option 1 (Only Front)" on "What is the Linea SWAG that you would like to see at upcoming events? " https://snapshot.org/#/linea-build.eth/proposal/0xda4f201a37ea08cf1892418e7b9e88f5687a68dbdc96c3ab22abaa1c7244648e #Snapshot
- Hey, frens 👋.
How to grow on Lens: Episode 0 to 500 followers 🔥 is out.
https://luduvigo.substack.com/p/how-to-grow-on-lens-episode-0-to-500
I hope it can be helpful, and I am curious about your feedback.
Let me know what you think about it 🚀.
- Time travel in a subconscious mind #111 by Jimmy Herdberg
- :-)
(actually I don’t have routines for any day 🤷♀️ - besides ☕️ first of course)
- Wonderful rain nature sound 🍀
- This should be fixed 🚀
- bionic funk - mashtronic
https://g.co/kgs/RyRerY
#visualsound
- People who post on Lens makes Lens
- What is love ?!
- This is impressive! I wonder how much Lenster will grow their dominance after they will have a mobile app!
- What is love ?!
- 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
- Built on @memester-xyz.lens
- Built on @memester-xyz.lens
- Follow me on Twitter @Thecomputerkid_
- Built on @memester-xyz.lens
Make your own 'double zk' meme at https://memester.xyz/create/editor/0x014f39-0x6f
- Built on @memester-xyz.lens
- airjessy.lens
- Built on @memester-xyz.lens
- Built on @memester-xyz.lens
- Built on @memester-xyz.lens
- Is it airdrop farming season ?! 🤯
- gm lens frens 👋
Today I have made an important decision in my life 📢
I quit my job today and going to focus full-time on maintaining the first-ever open-source frontend @lenster.lens 🌸 powered by @lensprotocol 🌿.
Building social media was my dream since 10th grade, I built more than 4 social media in public but all failed, Lenster is my 5th one and it’s going crazy ⚡️.
I believe building in public is key 🔑 to the success of a product.
We have a lot of items queued up in the roadmap, be excited about it 🕺
**Collect this post for 2 WMATIC and support Lenster’s development 🙏**
- **LIST OF TESTNET PROJECTS WHO RAISE GOOD FUNDING ROUNDS (WITH POTENTIAL AIRDROP IN FUTURE) :**
- Consensys Zkevm
- Shardeum
- Sui
- Sei
- Fuel
- Taiko
- Aleo
- Celestia
- ScrollZK
- Mantle Network
- Massa
- ZetaLabs
- Zksync
Did I miss anything else, comment below
- 👋 Introduce yourself to other Developers!
🇮🇹 Francesco, from Rome
⛓️ Blockchain Enthusiast
💼 DevRel at daily.dev
🎤 Public Speaker
🐳 Docker Captain
🧱 Community Builder
💛 JavaScript, NodeJS
🎥 I love making videos
👨💻 Livecoding/tutorials
🏃♂️ Walk/run daily
⏰ 4am club
- MER IL ET FOU #IYKYK
- Emotional damage 💀
- I just voted "Subli_Defi - thread" on "Final Voting - Cult Contribution Competition" https://snapshot.org/#/0xhoneyjar.eth/proposal/0x33833feede35422eff3c6f5f76f0bb6b470d112ada1294398f32ce3b9cd70b05 #snapshotlabs @subli_defi.lens
- Something is steaming...🥟 @dumpling.lens
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- 💜💚💜 @lensprotocol X @orbapp 💜💚💜
HOW TO GET ACCESS TO THE UPCOMING #GIVEAWAYS❓
YOU NEED TO FOLLOW 4 SIMPLE STEPS
1. #FOLLOW @gotenks ✅
2. #MIRROR THIS POST ✅
3. #COLLECT THIS POST ✅
4. #COMMENT YOUR THOUGHTS ✅
#HOODIE #LENS #LENSTA #LENSTER #ORBAPP #PHAVER #LENSTUBE #FANSTASTIC #YUP #LMCC