Adam Wolski (@wolas) • Hey
Adam Wolski (@wolas) • Hey
Publications
- ⚡️ Injecting some excitement into my savings strategy with @pooltogether! Just made my deposit - watch out for my victory dance when I scoop up that grand prize. 🏆 #PoolTogether #Optimism
https://app.cabana.fi
- ⚡️ Injecting some excitement into my savings strategy with @pooltogether.lens! Just made my deposit - watch out for my victory dance when I scoop up that grand prize. 🏆 #PoolTogether #Optimism
https://beta.cabana.fi
- 🎉 Just joined the thrill ride of decentralized savings! I've deposited into @pooltogether.lens, crossing my fingers for that sweet grand prize win. 🤞🏆💰 #PoolTogether #Optimism
https://beta.cabana.fi
- I just voted "For" on "Proposal: Security Council Elections Proposed Implementation Spec" https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xfd3551e2a0effc5d900e522b79300f68c351ec930cb05b62f537842508feceff #Snapshot
- I just claimed $10.00 in winnings from my @pooltogether.lens deposit! Join me in saving and winning. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=prize-claim
- I just voted "FOR" on "Sunset Avalanche V4 Prize Pool" https://snapshot.org/#/pooltogether.eth/proposal/0xdc3a1f02492e02ba6125f2604598cf3c53c72c9e83727032e3fa75866aa4d98a #Snapshot
- Wondering what's your Meetvers score? Mirror this! 🔥
- I just deposited $120.85 into my @pooltogether.lens prize savings account! Join me and thousands of others saving $11,225,352.83 and winning 109 prizes daily. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=deposit
- I just voted "Against" on "AIP 1.05: Return 700M $ARB to the DAO Treasury [REAL]" https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3ae4c725f7cb82d450b6fe8517178b2a0a51d1105beaad0adb421df1bc8f8cc4 #snapshotlabs
- Nexon Finance mainnet is live on #zkSync Era 🔥
Checkout: https://app.nexon.finance
- 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
- I just claimed $5 in rewards from my @pooltogether.lens deposit! Join me in saving and winning. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=rewards-claim
- I just deposited null,591.60 into my @pooltogether.lens prize savings account! Join me and thousands of others saving $37,072,177.48 and winning 108 prizes daily. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=deposit
- I just voted "Approve" on "[AIP-85] Discretionary spending for new Liquidity Pools" https://snapshot.org/#/alchemixstakers.eth/proposal/0xcf3e8c867502094c0f2e5be5b011921bf84f61c5ca8c9f89ac1ebb7dabd95ff8 #snapshotlabs
- I just voted "For" on "Poolers NFT Project" https://snapshot.org/#/pooltogether.eth/proposal/0xe0751d710111f1d3d4beeb8c10cc003fe46472d58ae80b5dbdc53a93e5408086 #snapshotlabs
- gm!
- 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 🙏**
- **POOLTOGETHER HOODIE GIVEAWAY**\n\nwant to win this awesome hoodie designed by me for @pooltogether.lens?\n\njust #LMCC (like, mirror, comment & collect) this post! the draw will happen using the random post collector module of https://lenstats.xyz/giveaway when all 69 are collected 👀\n\nLFG! 🌊🏆\n\nmore details about the hoodie here: https://pooly.me/product/pooler-hoodie-by-pedro-vilela/
- Sup @lensprotocol @lenster.lens
🌿👀
- I just voted "For" on "Season 2: Cycle 8: PoolTogether " https://snapshot.org/#/opcollective.eth/proposal/0x0a184f7fd0042e9e33ee545d0316b4d382f302a75806394e67dee4249b7dbd04 #snapshotlabs