Muchao (@muchao) • Hey

Designing Web3 (Dapp, education, protocol) @Coinbase | Art patron on Tez/Eth | 知乎@科科科大侠 |

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Check out my latest live performance! ⚡️ (This is my first 'collectible' post.🫣)
How can I claim BONSAI?
$BONSAI is going to be big
2024 is gonna be BIG for Farcaster. I have some invites, first come first serve https://warpcast.com/~/invite-page/1523?id=07ee1dd1
2024 is gonna be BIG for Farcaster. I have some invites, first come first serve https://warpcast.com/~/invite-page/1523?id=07ee1dd1
If you missed Jito you don't want to miss StackingDao airdrop. 1️⃣ 1st LST on Stacks ⭐️ Point system 💰 100mm TVL if it attracts just 20% of currently stacking STX. This is meta given it'll be Stacks 1st giga cycle NFA but if you want a boost https://app.stackingdao.com/stack?referral=SP1Q9XMQ9RB3QYG04GJR87VPBNSEAFXAT4TJQKJXQ
ZKFair, a new L2 is now set to burn $ 100mm gas in 48 hrs with the inscription playbook. Either the biggest rug or the craziest L2 launch this year. What a tactic to address the cold start problem. https://twitter.com/ZKFCommunity/status/1739317921825046772 https://twitter.com/ZKFCommunity/status/1739317921825046772
PythNetwork airdrop has only 90k eligible wallets. These are the wallets new protocols should target with incentives because they relentlessly interacted with small-cap, up-and-coming protocols during the bear market. They're the new force in DeFi.
Anyone ever received #solana #SOL from unknown addresses? I got some SOL and some failed dapp transactions in my wallet on a date I def didn't use it. Feel like a scam but I don't get it. This is one of the failed transaction https://solscan.io/tx/7X8BQERHu5bwnk4WNhoLJ3ZvqsdRaWQJBPDBEhrtnNKh4QZgDZYbLmBLx4vr6EsUT5yAwgkxiKn1k9TU3NZQi3S
Minted this free collectible in celebration of @orbapp.lens funding! The era of everyday web3 social starts here! LFG!🙌
Anyone interested in building an onchain meme minting/mkp dapp with me? DM if you want to see the demo with working contracts.
Archi finance(https://tinyurl.com/2fuyahp6) provides leveraged farming and lending products on ARB. ETH & USDC Lending APY is juicy tho so enjoy it while it lasts. In comparison to ExtraFinance, despite launching on a more popular chain, it has grown in a slower pace.
Leveraged farming and single asset lending on ExtraFinance so smooth it brought me back to 🔴Optimism. The Velodrome flywheel is working.
$ARKM意料之外的大毛。抛开ethos不谈，作为完美且免费的nansen替代品，某些功能甚至超越nansen。UGC和激励机制让链上跟踪的重要信息能够更快传递，减少信息差。Arkham很快会成为任何做链上活动用户的必备工具。
Huge for all the Defi threadoors. DM if you still need access to Arkham [Arkham on Twitter](https://twitter.com/ArkhamIntel/status/1678339355314900992) “Announcing The World’s First On-Chain Intelligence Exchange Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract.”
🛡️🛡️🛡️ [Brian Armstrong 🛡️ on Twitter](https://twitter.com/brian_armstrong/status/1666129111025324035) “Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules. Remember: 1. The SEC reviewed our business and allowed us to become a public company in 2021. 2. There is no path to "come in and…”
Hardware wallet that can be attached to your phone. Max crypto security + convenience.
A few more invites to Arkham(https://twitter.com/ArkhamIntel) - a fantastic Nansen alt for tracking wallets + token flows, etc. Reply if you want it, FCFS. [Arkham](https://tinyurl.com/38ckhsnj)
Rabby wallet from Debank might be the best wallet for power users for a few reasons 1/ Unrivaled accuracy of defi positions and small cap tokens 2/ Auto chain selection config based on dapp 3/ Pre-sign security check 4/ Pre-sign balance change preview
This is why MPC wallet will take over self-custody solutions. Managing and protecting seed phrases is tiring. Moments like these causes extreme stress and induces self-doubt, no matter how well you are protecting your seed phrases. [Tay 💖 on Twitter](https://twitter.com/tayvano_/status/1648187031468781568) “For the past 48hrs I've been unwinding a massive wallet draining operation 😳😭 I don't know how big it is but since Dec 2022 it's drained 5000+ ETH and ??? in tokens / NFTs / coins across 11+ chains. Its rekt my friends & OGs who are reasonably secure. No one knows how.”
Rabby s quickly becoming my favorite wallet. Look at this beautiful integrated list of approved contracts and the ability to batch revoke
Arkham keeps delivering, love this deep dive on $ARB. btw if anyone still needs access to Arkham just lmk https://twitter.com/ArkhamIntel/status/1643310785949761536?s=20
"Democratic" means: favoring or characterized by social equality; egalitarian. Funny how a democratic candidate can be against crypto, a force for social equality. https://twitter.com/WatcherGuru/status/1641447649231646720?s=20 [Watcher.Guru on Twitter](https://twitter.com/WatcherGuru/status/1641447649231646720) “JUST IN: 🇺🇸 US Senator Elizabeth Warren launches "anti-crypto" re-election campaign.”
TRANSFERRING a Lens Protocol🌿 PROFILE to a NEW WALLET: What actually happens? 🤔 [VIDEO] Here is a video from my last article explaining the behind the scenes on transferring a #lens profile👤 #LMCC for more video!
CFTC sues CZ Tldr: show me the money [CFTC BINANCE.pdf](https://www.docdroid.net/60YAbCz/cftc-binance-pdf) Case: 1:23-cv-01887 Document #: 1 Filed: 03/27/23 Page 1 of 74 PageID #:1. IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS. Commodity Futures Trading Commission, Plaintiff, v. Changpeng Zhao, Binance Holdings Limited, Binance Holdings (IE) Limited, Binance (Services) ...
As much as I love Bitcoin, it's not the answer to a great monetary system. It would make borrowing based on social credit extremely tough, which would block innovation from people with little to no resource to start with. A fixed supply monetary system does not reward growth and innovation. In other words, rich stays rich, poor stays poor. [Ben Hunt on Twitter](https://twitter.com/EpsilonTheory/status/1639995404707065860) “Bitcoin maxi: hyperinflation and the collapse of the Western banking system are not only inevitable but happening now; a Bitcoin-based fixed supply monetary system is the only path forward. Me: here you go Bitcoin maxi: this is unrealistic!”
He did McLOVIN dirty https://twitter.com/coinbureau/status/1639124344231153664?s=46&t=FEoYb8PLzdqngvn3TkEgvg [Coin Bureau on Twitter](https://twitter.com/coinbureau/status/1639124344231153664) “Do Kwon was arrested with numerous forged documents. These included passports from Costa Rica and Belgium as well as a Hawaiian driver's license.”
SEC either can’t tell the difference between good & bad actors in the crypto space, or they’re just intentionally trying to kill the whole crypto industry in the US. [Brian Armstrong on Twitter](https://twitter.com/brian_armstrong/status/1638654192138199041) “1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action.”
Want to earn $100 as a research participant for Coinbase? We're looking for usability test participants. Sign up here! [Usability Audit Friends and Family Signup](https://docs.google.com/forms/d/e/1FAIpQLSeJHvYMtn3shIrODPsjpsqLEW2Y37_6T3gMB2KbWkDaG38lcg/viewform?usp=embed_facebook) Thanks so much for your willingness to help us out. If you fit the profile we're looking for, we will contact you to schedule a session. Research Interview Details: Participants will do a 60-minute video chat where they create a Coinbase account for the first time Reward for You: $100 in a gift card or any crypto they choose
The 2nd largest crypto stablecoin $USDC went through an existential crisis because of the collapse of #siliconvalleybank, the 16th largest bank in US. Banking system failed. Crypto didn't. Your bank account is not "safer" than crypto in your own wallet, with your own key.
What happened to $USDC in the past weekend? Due to the collapse of #SiliconValleyBank, the second largest stablecoin $USDC experienced three days of turbulence - starting from 5am on March 10th PST, and ending around 4pm on March 12th. At 10am on March 10th, 1 USDC = 0.996 USD. Media reports revealed that USD Coin issuer Circle had an unknown amount of cash deposits in the recently collapsed #SiliconValleyBank. $USDC began to slowly deviate from its peg. By 4pm, 1 USDC = 0.99 USD. Circle claimed that $9.7b cash reserve was held in six banks, with #SVB being one of them. It can be assumed that the worst-case scenario is that $3-4b was held in #SVB. $USDC depeg accelerated. By 7pm, 1 USDC = 0.98 USD. Circle claimed that $3.3 billion cash deposits were held in #SiliconValleyBank, causing USDC to accelerate its deviation from its peg. At 7:40pm, 1 USDC = 0.94 USD. Coinbase suspended instant 1:1 exchanges from USDC to USD. $USDC accelerated its deviation from its peg, dropping to a low of 1 USDC = 0.88 USD that night. The next day, March 11th 12:30pm, 1 USDC = 0.94 USD. Circle stated that it would use company resources to make up for any possible losses. $USDC rose swiftly to 0.96 and maintained that level. By 3:20pm on March 12th, 1 USDC = 0.97 USD. The government announced that all #SVB depositors would receive all their deposits the next day. At this point, $USDC mostly repegg-ed, trading at ~ $0.99.
Crypto-friendly banks are getting shut down. Crypto rallies. Food for thought: Does this count as a failed market manipulation attempt from the government?
All back to $USDC now. In trust-based economy, trust entities with minimal misconducts. Circle and Coinbase have NO skeleton in the closet.
Regarding $USDC FUD, understand 1. Most nameable banks have ~10% reserve as required by the Fed 2. Banks and Circle make money by deploying your deposits 3. The world is built on debt 4. There would be no such thing as modern economy if everyone retrieves all their cash at once Economy's direction is a self-fulfilling prophecy so stay vigilant and keep building. On a positive note, this event trickled down from #SVB brings massive attention to the incompetency of our financial system. Crypto can be part of the solution and I'm here for it.
Another cool concept - dapps and wallet providers can now develop so many automated bundled actions https://twitter.com/0xDesigner/status/1632770666775605248?s=20
EIP-4337 will greatly improve self-custody wallets UX, one step closer to the likes of a bank account. It will be easier to enable - Multi-signature wallets - Artitrary authentication logics - Gasless transactions - Bundled transactions A few use cases I'm excited about: 1. Dapps or wallet providers can develop logics to pay gas fees for customers. Example: Coinbase can potentially pay your gas fees if you are a Coinbase One member. 2. Wallet users can pay gas fees with any ERC-20 token instead of ETH. Example: You can use Dapps w/o having any ETH in your wallet! Just use stablecoins like USDC to pay for gas fees. 3. Friends and family can be added to your "family account" approval chain. Example: Big purchases over a certain amount can be set to require multiple signatures to approve. And so many more! Dig in yourself - https://eips.ethereum.org/EIPS/eip-4337
EIP-4337 will greatly improve self-custody wallets UX, one step closer to the likes of a bank account. It will be easier to enable - Multi-signature wallets - Artitrary authentication logics - Gasless transactions - Bundled transactions A few use cases I'm excited about:
I love the philosophy of @lensprotocol user identity: - you have 1 unified identity that's tied to all apps - your followers get access to all the content you've created regardless of the app - no centralized entity can take down your account Trying out @lenster.lens @orbapp.lens @phaver.lens @lenstube.lens and rememe atm. Any new app rec?
Hello world @lensprotocol! A brief self intro: - I'm a designer(currently building web3 products at #Coinbase), web3 degen, and art patron(Tez/Sol/Eth). - I post about crypto, NFT, design, and art. - After joining Coinbase in 2019, I've led design of multiple products including Learn rewards (previously Coinbase Earn), Web3 Wallet, and new user onboarding. - I went all in in crypto in 2018 and never looked back. My “Aha!” moment was when I sent $1000 in BTC to my friend in China, and he cashed it out in CNY almost instantly. It was shocking since traditional international wire would've easily taken 3 biz days. If you've read till the end...Here's a 🔥 GIVEAWAY. Go get a free #NFT #airdrop by using 🔵 Coinbase web3 wallet you degens! Thx for reading, looking forward to connecting with y'all.
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