Michal (@pizzn) • Hey
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- Good evening!
- Good morning!
- How are you today?!
- Just claimed this @syncswap.lens exclusive badge for the pioneers in the new #zkSyncEra on #Galxe 🔥
Grab yours here: https://galxe.com/SyncSwap/campaign/GCd81U1awt
- Good morning!
- How are you today?!
- 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Not all ETH would be able to be withdrawn at once.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• How much ETH will be withdrawn?
Not all 15M ETH can be withdrawn at once.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
- Lens fomo!
- Aptos, Arbiturm,... next Lens Protocol, zkSync, StarkNet, Scroll, 5ire chain, Fuel Labs,...
Airdrop summer coming?
- Balaji exposes the plan
He's got a theory. Is he right?
#bytes
- How careers become a multiplayer game with Talent Protocol
By turning your career into a multiplayer game, @talentprotocol brings a unique experience to your professional journey.
And in the spirit of the multiplayer game, Talent Protocol has turned this short into a game asset. Simply collect this post for a chance to win 100 $TAL tokens. The winner will be announced on Monday and selected via @lensdropxyz
On top of that: if you create your own Talent Protocol profile via https://beta.talentprotocol.com/join/voya will receive $50 worth of TAL tokens if you complete your profile.
Don't worry if you miss out this time - there will be plenty of other opportunities to win rewards from the Talent Protocol team over the next week.
Stay tuned!
- We're going LIVE at 9am PT / 12pm ET TODAY with Frisson and Tommy, our most recent podcast guests, to chat more about creating a content collective, service DAOs, and whatever else people want to talk about!
📺 WATCH: https://youtu.be/rhvJYfXEtJo
👜 MINT: https://app.manifold.xyz/c/S4E5-creating-a-content-collective-frisson-tommy
🥳 JOIN LIVESTREAM: https://koop.xyz/koop/rehash/live/64137d4798a39173d0fa3280
- Ballet Wallet Real Series: Does it pass the test?
Does Ballet Wallet pass the basic bs test?
~~~~~~~
To purchase a Ballet wallet visit https://www.ballet.com/
Follow Ballet at https://twitter.com/BalletCrypto
The BIP38 technology behind the Ballet wallet: https://blog.balletcrypto.com/2021/04/12/bip38-an-in-depth-look-at-the-technological-cornerstone-of-ballet-wallets/
Our Two Factor Key Generation process: https://www.balletcrypto.com/en/2FKG-graphic/
Our open source decryption/verification website tool (recommended to use while disconnected from the internet): https://www.balletcrypto.org/
#wallet #balletwallet #web3bbs #doesitpassthemomtest #green #cryptocurrency #crypto #bitcoin #ethereum
- 4 reasons to learn blockchain development 👩🏻💻
#learntocode #codingtiktok #techtok #workingintech #startuptiktok #entrepreneur #developer #web3 #blockchain #knowledge #bytes
- How crazy was the TikTok CEO congressional hearing?
- Would love to see a feature where you can compress a tl;dr of your comments. Saw @orbapp.lens uses already AI, would love to see this feature in any of the apps integrating Lens comments
- soon
- What web3 projects are based in NYC?
- LensReact Hooks SDK Made Simple: A Quick Start Guide for Developers
The Lens SDK includes a collection of React Hooks containing all you need to interact with the Lens Protocol.
In this video you'll learn how to get started building on Lens in only a couple of minutes using the Lens React Hooks SDK.
- New lensport.io design is quite nice, and look who is the top collector for today ;)
- Does TikTok access the home wifi network 😹https://vm.tiktok.com/ZGJ5t24dD/
- 🎉🔥 Lenster's Unstoppable 30-Day Growth Spree! 🔥🎉
Hey there, #LensterFam! We're over the moon to share the jaw-dropping achievements our fantastic community has reached in just the past 30 days! 🚀
🌐 **4.5 million pageviews** - Thanks to your passion and commitment, Lenster has become a go-to destination for so many people! Let's keep the ball rolling! 💪
👥 Our active user base has soared with **20k daily active users**, **71k weekly active users**, and **210k monthly active users** - We couldn't be more grateful for each one of you who make this community so lively and engaging! 🥳
📝 You've been on fire, producing **445k new posts**, **294k comments**, and supporting one another with **1.40m likes**! Your creativity and positivity are nothing short of incredible! 🌟
🪞 And that's not all! We have **880k mirrors** reflecting our diverse content and the best of Lenster, **700k collects** to save and share your favorite content, and a whopping **1.7m profile follows**, highlighting our strong connections! 🤩
Thank you for your unwavering support and for being part of our amazing #LensterFam! Let's continue to grow and flourish together! 💙🌟
Support Lenster by collecting this Post 🙇
- Gm Memesters still 8h to go till the first on-chain meme competition by @lensprotocol ends! You can submit your Lens memes here: https://memester.xyz/competition/1 🚀
- Gm Memesters still 8h to go till the first on-chain meme competition by @lensprotocol ends! You can submit your Lens memes here: https://memester.xyz/competition/1 🚀
- Built on @memester-xyz.lens
- Day 5. I created this song from an AI image prompted "hell god consciousness divine". I then made what it sounded like to me. Super conceptual, there's a lot of nuance if you listen closely....
- Those days as a Microsoft fan
- 月是故乡明
- Thank you for posting meaningful content on Lens 🙏
- Never seen anyone do this swap on air lol
- I think I need to build a RESTful API for Lens. The official API cannot meet my needs.
- Erigon Architecture is a good map to understanding the Ethereum node architecture.
https://github.com/ledgerwatch/interfaces/blob/master/_docs/README.md
- Really think we have a good talent here: @elcee
- Love that the music player follows you wherever you go on @buttrfly.lens
- what's your best guess for THE killer app / protocol / use case built on top of #lens onboarding web0-2 users at scale?
- Day 1: Violence. With this song I wanted to show that Drill can still slap without the need for glorification of guns and violence, in fact, its quite the opposite. The full track is available to mint for FREE on @decentxyz . grab yours while you can 🙏
-
This week on Lens!
We released Splits for Collects. This feature can be used by creators on @buttrfly , @lenster & @lenstube https://lenster.xyz/posts/0x01-0x0188
🎶 @oohlala adds a Direct Mint feature for Lens Music.
https://lenster.xyz/posts/0x0102fa-0x9f
🥟 You can now use keyboard shortcuts to navigate @dumpling
https://lenster.xyz/posts/0x018d04-0x30
📬 @mailchain enables the use of your .lens domain to send web3 native comms.
https://twitter.com/Mailchain_xyz/status/1631051734713004032?s=20
We loved meeting all the builders at Eth Denver
https://twitter.com/LensProtocol/status/1631739294036660225?s=20
Apoorv Lathey launched an extension to help move your Tweets to Lens https://twitter.com/apoorvlathey/status/1623782881154985984?s=20
Talent Layer is allowing Lens users to go claim a handle on their protocol https://twitter.com/kirstenrpomales/status/1631058530831572993?s=20
@orbapp created an ETH Denver community area in Orb, which now boasts a whopping 15k members! https://lenster.xyz/posts/0xbbb9-0x01e9. If you are building on Lens to help communities at future events we would love to see your work!
The Eth Denver Hackathon Winners were announced, watch this space for these innovative projects built on Lens https://lenster.xyz/posts/0x01-0x0186
@defidad got the scoop on scaling with ZK rollups from @Stani.lens https://lenster.xyz/posts/0x2e09-0xc2
@nader shared the origins and the ecosystem of Lens at Eth Denver and gave a live demo of a Lens app built in five mins https://youtu.be/GkogXPCIn5E?t=58
telliesite created some cool tutorials on how to integrate Lens Share and Follow buttons. https://tell.ie/learn/lens
Ready to build your own video app? Check out Suhail Kakar's tutorial on building with Lens!
https://twitter.com/SuhailKakar/status/1630956913096572930?s=20
Lens & Frens SF meetup https://twitter.com/Thehouseofweb3/status/1633666296851369990?s=20
If you attended Eth Denver and hold the general access pass #1,854, you are now eligible to claim a Lens profile https://lenster.xyz/posts/0x01-0x018b
For all our NFT Paris frens that scanned the Lens POAP at our gallery, you can now claim your Lens profile. https://twitter.com/LensProtocol/status/1630573876165083136?s=20
Discover more of what's being built in the Lensverse https://lens.xyz/apps @nader and @fabri are here to help!
- What an experience to meet all the builders at Stanford and San Francisco last week!
- This is Lenny
- ICYMI
- Create funny and dank Lens memes. We’ll mirror and highlight our favorites.
We are running a competition on @memester-xyz.lens! Go to https://memester.xyz to submit your entry!
- Our friend Alex got an invite to a big event we were all excited about.
You were there too!
Do you remember who Alex met that was so special?
- @yup_io Mobile Beta is going live! We've teamed up for a unique drop for UFO Genesis Pass holders and UFO subscribers across Lens and Mirror
You can register for the Mobile Beta & claim a free UFO x Yup NFT for priority on the Waitlist
4500+ NFTs have already been minted, 20K total supply, 39 hours left
Register + Mint : https://ufo.mirror.xyz/MvBjw0Hb_Sp0AEAY-daKKKoDnliJgr7Jn8E03mCq9Tg
- All lens hub events are here.
- **Lens API & Profile Update**
***Free Lens Events API:***
https://app.swaggerhub.com/apis-docs/lenscan/api.lenscan.io/10.1.2… offers a 1:1 mapping to the Lens event definition, enabling you to query any real-time and historical events with ease!
***Lens Profile Update :* **
https://profile.lenskit.xyz
* no more long polling
* unlimited daily requests
* add bio links
* custom backgrounds
* fix missing profiles
- https://profile.lenskit.xyz/ 24h api requests
- Day 1: Violence. With this song I wanted to show that Drill can still slap without the need for glorification of guns and violence, in fact, its quite the opposite. The full track is available to mint for FREE on @decentxyz . grab yours while you can 🙏
- what's your best guess for THE killer app / protocol / use case built on top of #lens onboarding web0-2 users at scale?
- Lens BigQuery Public Dataset is Live 🔍
Read more about unlocking new possibilities in our blog
https://mirror.xyz/lensprotocol.eth/L-VyE549sOOdi4nBgos6XNAUgf3H1oErfkAtndU6RHY
Learn how it works in our developer docs
https://docs.lens.xyz/docs/public-big-query