Rogério Menezes (@rogerio_mr) • Hey
Head of DeFi - RAD Capital
Publications
- Alô do Domingão
- I'm saying my piece in the #futureofsocial by signing the @t2world.lens manifesto. Which values do you support?
https://manifesto-app.t2.world/share/clfyjl3at14116961fmck7uymgjb
- Tip for those who want to join the crypto market: yesterday was better than today, and today is better than tomorrow. Do not waste time! LFG!
- What´s happening?
Gota soon..
- Dear Lens fam, what is the Future of Social for you?
At t2, we believe the future social networks should revolve around our values, not just what grabs our attention. We want to foster meaningful connections with others, share what helps us achieve our goals, and enjoy articles that empower us.
We have witnessed how the Lens community celebrates genuine creativity and friendship. We believe our values and mission align closely with those of the Lens community. So, we are excited to bring a new type of writing and reading platform to @lensprotocol, starting with our manifesto. manifesto.t2.world
⏳ If you are on board with this vision, **sign the Manifesto** with your value propositions and complete all steps. You will receive a personalised card to showcase your values and **early access to the t2 alpha product**.
**If you are a writer, follow us and comment below with your favourite piece of writing by you. We will follow back!**
- HOPE !
Let's go to today's market numbers, 03/27/2023:
💎Total capitalization of the Crypto Market in the range of 1.18 trillion dollars.
🥇 Bitcoin dominance: 45.83%.
👻 Fear and Greed Indicator: 64 (Greed).
▫️Bitcoin
In Real: BRL 146,536
In Dollars: US$ 27 947
Performance in 24h (+0.9%)
▫️ETHEREUM
In Real: BRL 9,247
In Dollars: US$ 1 763
Performance in 24h (-0.6%)
HIGHLIGHTS:
🚀 inSure DeFi $0.00813 (+26%)
😱😱😱Mint Marble null.50 (+1000%)
🗞 NEWS:
1️⃣ (https://www.theblock.co/post/222596/zksync-era-first-zkevm-goes-live-in-major-development-for-ethereum) ZkSync Era becomes the first zkEVM, in alpha, available to the general public. As a Layer 2 network, it allows for faster transactions with lower fees, but provides additional features such as native account abstraction;
2️⃣ (https://sbcrypto.com.br/desbloqueando-o-potencial-da-avalanche-a-atualizacao-da-cortina-e-seu-impacto-na-cadeia-x-recompensas-do-delegador-e- gas-limits-of-the-chain-c/) Avalanche launches the Cortina update which, among other improvements, will increase the gas limit of the C-Chain block from 8M to 15M of gas. This increase will allow the deployment of more complex dApps without affecting the resources needed to validate the Primary Network;
3️⃣ (https://exame.com/future-of-money/rede-globo-nfts-toda-as-flores/) Rede Globo will distribute NFTs from the soap opera Toda as Flores to viewers. The broadcaster reported that it chose the Eluvio blockchain to store the NFTs that will be distributed. The network was once used by Fox;
4️⃣ (https://exame.com/future-of-money/bitcoin-supera-visa-meta-jpmorgan-valor-de-mercado/) Bitcoin surpasses Visa, Meta and JPMorgan in market value after appreciation. A survey points out that the largest cryptocurrency on the market already has a total value greater than that of large companies;
5️⃣ (https://www.coindesk.com/web3/2023/03/24/amazons-nft-plans-teased-in-a-receipt-mailed-friday-afternoon/) In an email to Nikhilesh From, from CoinDesk, AMAZON confirmed that digital tokens, an NFT gallery and resale opportunities are coming to the site;
6️⃣ (https://www.bloomberg.com/news/articles/2023-03-24/nasdaq-eyes-crypto-custody-launch-by-end-of-second-quarter#xj4y7vzkg) Nasdaq Eyes informs that the Launch of Cryptocurrency Custody will take place at the end of the second quarter;
7️⃣ (https://twitter.com/Ethereum_Brasil/status/1638613963310071810?s=20) Starkware developer Omar Espejel will be at Ethereum Rio on Wednesday, the 29th, lecturing on the various projects headed by the Company;
CHECK OUT MORE AT ==>> https://t.me/HopeCripto
- Omar Espejel Dev da #starkware falando um pouco sobre seu trabalho no #ethereumrio
- Feeling Bullish about ETH and Alt Coins 🚀🚀🚀
- 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
- 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 🙏**
- I wanted to try something new.
This will be my first music release here on lens.
It's an early demo of my song "This Song" which came out in 2017. I probably wrote this on the road around 2015/2016. It has a lot of the final ideas, but totally different type of beat. This is what I showed Rostam, and we built from there.
It's unfinished and unpolished but it's kinda fun to look back at where ideas originated.
1 matic to collect, only open for 24 hours. 25% mirror referral
- 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