Vahid◱ ◱ (@vahitamimi) • Hey
Vahid◱ ◱ (@vahitamimi) • Hey
Publications
- I just voted "Yes" on "A.P.D. - mETH Request" https://snapshot.org/#/stgdao.eth/proposal/0x808c1dc3ea8086552e764f7a4b2763cbc1aace2492c51c8a94c65e5e71cd35d0 #Snapshot
- I just voted "YAE" on "[ARFC] Recommendation to freeze and set LTV to 0 for SUSHI on Aave v3 Polygon " https://snapshot.org/#/aave.eth/proposal/0x598f04c1f4fb2acba0a9bdaeb2b18e6e1f43b4c62845ee4b81ae5596a6fc2076 #Snapshot
- I just voted "YAE" on "[ARFC] Recommendation to freeze and set LTV to 0 for CRV on Aave v3 Polygon " https://snapshot.org/#/aave.eth/proposal/0x049fc4fea64a71937882047f1c0e3f39eb96c332f016a7a4b04320846ba55e59 #Snapshot
- I just voted "YAE" on "[ARFC] Recommendation to freeze and set LTV to 0 for BAL on Aave v3 Polygon" https://snapshot.org/#/aave.eth/proposal/0x04a921887dcb54ec68ceb231e7cc2f64eac443b8cde47f0f5eecbd51b3cffef1 #Snapshot
- I just voted "YAE" on "[ARFC] Recommendation to freeze and set LTV to 0 for DPI on Aave v3 Polygon" https://snapshot.org/#/aave.eth/proposal/0x8a190af80cffafcbca70727c807ef86933b2e08b5212b447eafab976a9612e75 #Snapshot
- I just voted "YAE" on "[ARFC] Gauntlet USDC.e Supply and Borrow Cap Recommendation on Optimism Aave v3" https://snapshot.org/#/aave.eth/proposal/0x59a31a5b09929d09cba2b069f65eeb4db534cc842771b69c7f38f5a905771c74 #Snapshot
- I just voted "YAE" on "[TEMP CHECK] Aave V3 MVP deployment on Neon EVM Mainnet" https://snapshot.org/#/aave.eth/proposal/0xbf0932152295de7a7492942ae637d0b145759280eefca04d3780662d216ba9f5 #Snapshot
- I just voted "Yes" on "Stargate DAO - Arrakis PALM" https://snapshot.org/#/stgdao.eth/proposal/0x747abdac9511413bf6bd752a9a5bbec93d07c68f57966429142eb26a92c09720 #Snapshot
- I just voted "Yes" on "Stargate Partner with Toupee Tech on Base" https://snapshot.org/#/stgdao.eth/proposal/0xf095ab5713a1a5052f264f6acda54690e921a276d8242c695c2394e9fe77ed85 #Snapshot
- I just voted "Yes" on "PancakeSwap veCAKE Proposa" https://snapshot.org/#/stgdao.eth/proposal/0xa84cf96d0fca68f5c2e4e603d7faed9eb6f1fe0d54d86552545a035bb09a3736 #Snapshot
- I just minted Hey!
https://zora.co/collect/zora:0x8fcfdad5ebdd1ce815aa769bbd7499091ac056d1?referrer=0x0B99BB7Bc67747D5D6aEF0f32802F5C96d098d82
- I just minted Hey!
https://zora.co/collect/zora:0x8fcfdad5ebdd1ce815aa769bbd7499091ac056d1?referrer=0x0B99BB7Bc67747D5D6aEF0f32802F5C96d098d82
- I just minted https://hey.xyz/u/vahitamimi.lens #lens
- .@LensProtocol applications have experienced a significant increase in daily active users, growing by 9x in the last six months.
This surge has been concentrated in social media-based applications, with 44% of active users on @lensterxyz, 23% on @phaverapp, and 12% on @orbapp_. https://t.co/vFrTH8JwGR
- 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 guys ☕️ have a good day
follow me ✅
mirror & collect this post 🔁
get 0.1 WMATIC 😉
🙌🏼
- To all my Persian homies and girlies
- @shefi.lens @ensocollective.lens
Its called the SheFi Glow up
#ETHDenverFits
- Lets Gooooooooooooooooooooooooo Lens!
#Yasai
- **New ZK-rollup Testnet: Taiko ⏅**
3 days ago TaikoXYZ announced their Alpha Testnet.
Tutorial: INTERACT and run a NODE with Taiko Testnet and get a POAP!
🧵 How to position yourself for $TKO airdrop, if it happens:
1/6
What is Taiko?
It's a Type 1 (Ethereum-equivalent) ZK-EVM.
Another Layer 2 scaling solution for Ethereum, like zkSync and Starknet
• Founded by the former CEO of Loopring
• They claim they are "well funded". List not public yet
In-depth info: 🔗 https://taiko.xyz/docs/intro/faq
2/6
TOKEN CONFIRMED: Their token will be called $TKO
• Although the fees are paid in ETH, block proposers get revenue for burning $TKO and paying ETH to Ethereum L1 Validators
• Mechanim: TKO will be minted to reward proof verification by block provers
3/6
What's the current stage of the project?
3 days ago, Taiko announced their Alpha-1 Testnet, called "Snæfellsjökull". Deploying on mainnet in 2023!
We can interact with Alpha Testnet right now.
Strategy below 👇
4/6
TESTNET STRATEGY
STEP 1: Get faucets tokens
• l1faucet.a1.taiko.xyz
• l2faucet.a1.taiko.xyz
STEP 2: Bridge tokens from ETH-A1 & Taiko-A1
• bridge.a1.taiko.xyz
STEP 3: Deploy smart contract tutorial: https://youtu.be/wlSCIoI9Nho (shoutout to Kethic community member)
STEP 4: Run a node. Here is a tutorial below 👇
Links in the tutorial so you can copy-paste:
• https://git-scm.com/download/win
• https://docs.docker.com/desktop/install/windows-install/
• https://github.com/taikoxyz/simple-taiko-node.git
Here is the discord message directly (shoutout to Luuk community member): https://discord.com/channels/984015101017346058/997607633383067729/1058359118940885062
STEP 5: Don't forget to send tokens to your friends (regular transactions)
STEP 6: Submit any feedback here: https://github.com/orgs/taikoxyz/discussions/new?category=feedback&title=Testnet%20feedback%20form&body=%23+Friction+log%0D%0A-+TODO%0D%0A%0D%0A%23+Other+notes%0D%0A-+TODO%0D%0A
More details: 🔗 taiko.xyz/docs/alpha-1-testnet/start-here
5/6
💡 Alpha: you'll be able to claim a POAP (in February 2023) for completing a minimum of 2/3 tasks before Jan 31st, 23:59 UTC.
Tasks:
- Using the bridge (mentioned above)
- Send transactions between wallets
- Interact with contracts (or deploy one)
6/6
Will there be an airdrop? 🪂
There is no information about any airdrops or eligibility criteria yet. We should stay tuned for it if the decide to announce it.
In the mean time, doesn't hurt to interact and earn that POAP while we are still early!
⚡️
- Just getting started in web3 vs. when it all clicks.
The deeper you go, the brighter it gets. @rabbithole.lens