Rhizoo (@rhizoo) • Hey

researcher. friendly neighborhood engagement booster. hire me lol

Stats

Publications

What do we do if Bitcoin was fedcoin all along?
Am I wrong or is this the incentives for friendtech posting Got to bleed out the non believers then attract a new crop, encouraging trade
friend.tech rn
Broke: Marques shits on solana phone for 12 min Bespoke: 18m people are thinking about about crypto again for the first time all year
3 unique use cases on the Solana VM One thing the $SOL and $ETH communities can agree on is that EVM can't do everything. Solana’s strongest case for sustained usage is the simple fact that EVM cannot encompass all use cases. **Solana’s Sealevel VM enables tech that Ethereum simply cannot with EVM.** *1.* @Drip_Haus *and Compressed NFTs* Drip drops thousands of NFTs for pennies on the dollar. Here, NFTs can reach millions (300000x cheaper for 1M NFTs, I’m not kidding the cost). SVM's State Compression allows off-chain data to be cryptographically verified. Any changes to this data updates the Merkel tree instead of on-chain metadata while still providing a verifiable history of the changes. Huge batches of NFTs can be minted at a fraction of the cost. *2.* @PhoenixTrade_ *and On-chain CLOB* Solana’s VM drastically reduces constraints of latency and on-chain fees. Liquidity can be actively management, something very difficult in AMMs which were born due to EVM constraints. Empowered professional market makers can create a CEX equivalent experience, directly on chain. *3.* @getcode *and Link Payments* Getcode has invented the cleanest and most fun payment product. Send a cash link or exchange in person through the generated cash certificate. Simply scan the QR code, and receive it instantly. You have to feel the magic to believe. **Check out the featured projects because you might be pleasantly surprised.**
jitoSOL, the Phoenix rising from the ashes of Solana DeFi. Liquid staking? MEV capture? Doesn't matter, it solves both.
EVM cannot satisfy all smart contract use cases. We could use at least 2 popular VMs
My first yup crosspost 👀
Hello lens friends I need your help. #lenscommunity A mercenary capital trading group called the RFVoors attacked Rook through governance, draining its $25M treasury, and disintegrated the DAO Rook DAO was a experimental Ethereum infrastructure protocol deeply aligned with the core ethos of crypto. Its history of innovation has left it disabled in the current conservative legal environment. All DAOs and participants should learn about their tactics to harden governance from this point forward. Currently, DAOs as a structure have enormous cost and very little benefit to the protocols they govern. It us up to the crypto community to establish structural system within different global legal frameworks to cement the framework of DAOs as useful. https://mirror.xyz/rhizoo.eth/6ggZQ2g5OpUVaAXEwYBldN2gT1CZxfR2D2sL9cn0eJc
18 days have passed since the world's most influential asset manager filed for a #bitcoin ETF. Beyond opening $BTC to tax-advantaged investment, Blackrock signaled to the world that crypto is NOT a joke. Coincidentally, DeFi might be the biggest beneficiary. I can hear the financial advisors now... "I'm not kidding, this really is the future of France Blackrock is trying to get in." TradFi is here again and they crave fundamentals. Not because they are intelligent but because they justify their investment to boomer bosses with metrics. "I don't know what to tell you, we picked the assets with the cleanest P/F (Price to Fees) in this entire asset class. If it goes tits up, the whole industries doomed." For thoughts that believe Defi is permanently cursed? You've been right for 800 days and -90%, but this time it's different. Here's why: -Industry leaders like $UNI are creating nonchain-specific developer motes (Uniswap v4 hooks ecosystem) -DEXs have immense mindshare in the general crypto-aware public (memecoin era) who have used the product but never invested. -DEX/CEX volume ratios shifting in the wake of FTX. -DeFi protocols have shown their staying power with years of fees consistency - $XRP may emerge victorious in incoming lawsuit settlement vindication token-based organizations. -Chain works, I checked. - Productive protocols differentiate themselves in the growing crypto analytics space. -This is a bear market and these are obviously the best coins, don't fad the obvious now. -Gary retirement rumors. In 20 years, are you really hoping to be the guy who spent 10K hours getting liquidated but didn't buy $UNI, the worlds leading asset exchange protocol by volume at $4B valuation? Think about it
The $PYOPS airdrop has officially occurred. Before that over 9k wallets participated in the presale, most only have less 1 ETH balance. If you or someone you know 'bought' the psyop presale, contact gamblers anonymously immediately. STOP. GET SOME HELP. Don't forget why we are building. https://dune.com/Rhizo/psyop-presale-buyers
Should I make a Lens Protocol vs Farcaster Protocol data comparison? #lens #lenster
#Lens #lenscommunity I want to start publishing articles in the lens ecosystem. What is the best blog platform to use??
Are ordinals a passing fad or evidence of Bitcoin getting interesting? Maybe it's a hostile takeover of Bitcoin constructed by Mossad and LSD-abusing terminally online Twitter users? Tune in to find out. Quick collection of Ordinals Resources: **Let's go over:** Wallets Concepts Explorers/Tools Marketplaces If you're terminal online or mentally ill, start here: taprootwizards.com **The best wallet is http://Unisat.io** UI is similar to Phantom Connectivity across many marketplaces Hard to screw up. Browser extension **Others are: https://xverse.app, https://ordinalswallet.com, https://wallet.hiro.so** Unfortunately, no browser extensions support hardware wallets yet. **Next step, read Ordinals Handbook:** *TLDR* The 2021 Bitcoin Taproot upgrade, unintentionally removed the 80 bytes per block OP_RETURN limit. Text and image data can be stored DIRECTLY on-chain. Bitcoin blocks size has increased from 2MB to 4MB https://docs.ordinals.com **Understanding BRC20:** BRC-20 is a meme and has little relationship with ERC-20. Gas is spent in exchange for a NFT representing #### of tokens, with a limit predetermined by the issuer. This token sale mechanism acts as a "stock" certificate, not a fungible token standard. BRC20 transfers are tracked via additional ordinal minting, documenting ownership. There are no fungible tokens transferring from account to account like ERC20. Some exchanges are supporting BRC20 deposits but be cautious, indexing is difficult. https://brc-20.io **Finally, using Ordinal/BRC20 marketplaces:** https://magiceden.io/ordinals is the best place for trading Ordinals and has Unisat Integration. Their infrastructure is battle tested for heavy traffic. Additionally, Ordinals are neatly organized by collection with advanced filtering for popularity and Volume. Magic Eden has not integrated BRC20 UI. https://ordinalswallet.com supports BRC20 and has a guided process to inscribe Ordinals. (https://gamma.io was the original Inscription guide platform and continues to innovate) They also have a BRC20 that is traded on Gate .io acting as their official token. $ORDI has a marketcap fluctuating around $500M. The token has reached $40M of volume on gate .io. The Ordinals Marketplace @ordinexio has recently concluded its private beta. They previously launched ERC20 ( $ORD) represents their exchange, it trades around $5M marketcap. Public beta is scheduled to be released this week. I know I'm late to this convo but thought I'd put together this thread regardless. Will continue to update this with info Thanks for reading and follow plz 💜
Oh crypto 🙁 The leading voice on blockspace order flow struggling to get fair funding. A ponzi moon coin raised 100m's just a year ago before utterly imploding for the world to see... never change crypto.... never change https://www.theblock.co/post/203637/flashbots-fundraise-billion-dollar-valuation
Excited to dive into this dashboard about the reddit avatars! Seems like 2.8M users might have entered the world of NFTs! https://dune.com/polygon_analytics/reddit-collectible-avatars
Recently, the crypto lending platform Celsius leaked massive amounts of user data in their bankruptcy filings. Some people took the data and created questionable products that were spread on social media. These were used to find out about personal losses by some but were also used to bully and publicly shame others. I wanted to look at this data and share it ethically. What can we learn about this collapse and what it means for the industry going forward? Oddly, it wasn't the average investor getting screwed this time. The results might surprise you: This ethical approach included breaking down customers anonymously into "Customer Types". This abstraction accounts for the sum of deposits made to Celsius. There are 5 groups, starting in the 0-nullk range and ending in Millionaires. The 1k-10k sector constitutes the largest proportion of the customer base with over 18k. this is followed by 10k-100k, then 0-1k, and finished with the highest brackets in order. The medians in this range shift towards the lower bonds suggesting that the populations are distributed mostly at the lower bonds with a small number of individuals constituting the rest. Typically cases like these involve the lowest value customers facing disproportionately bad outcomes compared to their higher-value counterparts. Strangely, it wasn't the typical retail investor worse off in this tragedy. I'll explain. Let's start by breaking down 'who' was depositing funds onto Celsius and 'how' much. Although a vast majority of its users deposited less than $100K of value, a majority of assets on the platform were provided by high value customers. You can see clearly that the abundance of low deposit users came nowhere close to matching high deposit users on the platform. With a basic understanding of the customer base, we can move into the events that have transpired. The timeline of the Celsius collapse can be broken down into a few distinct events: -April 12, 2022: Non-accredited investors were prevented from using the Earn product and prevented from depositing new crypto assets onto the platform. -May 11, 2022: Rumors began to circulate on Twitter surrounding Celcius' solvency and involvement with the collapsed Terra Luna. Disregarded by the official Celsius account and CEO. -June 12, 2022: Celsius freezes all Withdrawals, Swaps, and Transfers due to 'market conditions. When we track the number of withdrawals, we can clearly see these events play out. Initially (4/12), the customer base remained calm. After the rumors of insolvency (5/12), there was a mass exit. This was primarily led by low value customers due to their obvious advantage in numbers. Finally **before** they closed withdrawals (6/12), there was a mass exit. this exit was slightly lower in range than the previous. All customer base groups failed to reach the intensity of before. From a purely transactional perspective, it seemed that all groups were exercising caution. The initial assumptions were that evacuations would be more likely from high value customers. This proved not the case. The exodus could be broken down into event windows. Both periods tell a similar story. Interestingly, low deposit customers are overrepresented here when compared to overall deposit amounts. When Celcius paused withdrawals, there were a massive amount of funds still trapped on the platform. At first, glace the amount seems to be distributed exactly how we've seen previously. When we look at the percentage of funds withdrawn vs deposited we see the real story. The enlightening moment comes when you can compare the percentage of withdrawn funds within each group. This is (Funds remaining on Celsius) / (Funds Deposited on Celsius). The first three groups of lower value customers all had deposits of over 83%. 2 highest value customers saw rates of 80.6% and 74.6%. High deposit customers were the worst at escaping! They got hit the hardest by the Celsius withdrawal pause! This was completely contrary to the expected results. One would assume that high deposit individuals would be the most cautious. How could this happen? On side interesting point is in the celsius liquidation numbers. One could assume borrowers were adversely affected by liquidations due to Celsius pausing withdrawals. As crypto has cropped in price over the last year many loans are likely closer to being margin called. Now Celsius makes it more difficult for users to add more collateral during this time. Another question is, Why would borrowers use a centralized platform for borrowing against ETH when many DeFi options exist at better rates? this fact could shed light on the type of customers being trapped. I'm going to extrapolate out some assumptions and possibly overreach but here it goes. I assume a massive amount of these higher net worth individuals were older investors, interested in crypto but apprehensive about self custody and navigating on-chain. The Tragedy of Celsius is that serious investors, looking to participate in crypto in a safe way, got rekt. I'm sure investing in crypto made them a laughingstock of their circles, to begin with and they got burned. Think they are coming back? Think they'll tell their friends? We could bully them yes. "Not your keys not your coins". This is true. In this case, is this productive? Let's not blame the victims who took a risk on our magical internet coins and got burnt massively. Not only that but when questioned about their involvement in high risk assets, they lied, lied again, and mislead their customer base about their financial status. This analysis reinforces the current crypto debate. What should regulation in this industry involve and should it exist at all? It will not discuss that here but hopefully, this thread can add some context about the urgency of the issue. This leads me to search for a plausible explanation. What kind of customers are attracted to Celsius? What does a higher proportion of high depositors mean overall? What does it mean that ETH was unproportionate liquidated on Celsius with DeFi existing? I'm going to extrapolate out some assumptions and possibly overreach but here it goes. I assume a massive amount of these higher net worth individuals were older investors, interested in crypto but apprehensive about self custody and navigating on-chain. The Tragedy of Celsius is that serious investors, looking to participate in crypto in a safe way, got rekt. I'm sure investing in crypto made them a laughingstock of their circles, to begin with and they got burned. Think they are coming back? Think they'll tell their friends? We could bully them yes. "Not your keys not your coins". This is true. In this case, is this productive? Let's not blame the victims who took a risk on our magical internet coins and got burnt massively. Not only that but when questioned about their involvement in high risk assets, they lied, lied again, and mislead their customer base about their financial status. This analysis reinforces the current crypto debate. What should regulation in this industry involve and should it exist at all? It will not discuss that here but hopefully, this thread can add some context about the urgency of the issue.
Hey lenster! Another Day another post!
It's official. The Across Protocol $ACX airdrop is going down and the snapshot has been taken. Let's break down how to claim it, who's eligible, and what $ACX means for the community and DAO: Parameters for early users: -Before July 19th -Bridge TO Ethereum mainnet, optimism, polygon, boba, arbitrum FROM (any above) -With DAI, USDC, USDT, ETH, WETH, WBTC -More than 2 times -With at least $500 USD volume (combined) Parameters for LP: -Before October 1st -Deposit as an LP -Same Chains, and assets as above Check eligibility at: https://across.to/airdrop Not eligible for the airdrop?? Huh. That's a shame. If only someone had been reminding you all year to participate. Rewards will continue to accrue post snapshot. And reminding you to LP before the snapshot. Wonder who that could have been Anyways. The distribution for ACX will look as follows: 12.5% airdrop breakdown: 125m ACX Community 20m Early Bridge Users 15m Liquidity Providers 70m 25% Strategic Partnerships and Fund-Raise: 250m ACX $UMA token swap with Risk Labs 150m (builds treasury and aligns communities) 10% Protocol Rewards over time: Reward program to incentivize LPs 75m. 50% for the DAO: Across DAO Treasury Reserve 525m Bridge Traveler Program 10M Alright, so what will the DAO do? The primary role of the ACX token is to be staked as a governance asset and share in across protocol revenue The DAO will establish a locking mechanism will incentive holding. This is accomplished by granting stakers a 'reNFT' which awards users higher multiples over a 300 day period. This multiplier is applied to staking rewards. https://forum.across.to/t/across-token-launch-proposal/195 My thoughts: Across makes a strong entrance into the bridge token space. I firmly believe that, even with L2 adoptions, bridge Markets at least will be required for those looking to onboard/offboard quickly. With many messaging protocols launching L1s/L2s only time will tell if ACX utility can hold up. Thanks for reading all.
Thread of Treads: Check out some of my threads, writings, and resources. 🧵👇 🤡:
Hello frens! Going to start cross posting my twitter content here! I'll start by migrating my use-full treads.