What the fuck did you just fucking say about Thorchain, you little bitch? I'll have you know I graduated top of my class in the @THORChainLPU, and I've been involved in numerous secret raids on Uniswap, and I have over 300 confirmed swaps.
I am trained in aping into shitcoins and I'm the top degen in the entire Degen Score Citadel. You are nothing to me but just another bagholder. I will bankrupt you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words.
You think you can get away with saying that shit about $RUNE over the Internet? Think again, fucker. As we speak I am contacting my secret network of rug pullers across the USA and your ETH address is being traced right now so you better prepare for the storm, maggot.
The storm that wipes out the pathetic little thing you call your portfolio. You're fucking dead, kid. I can be anywhere, anytime, and I can short sell your shitcoins in over seven hundred ways, and that's just with my FTX account.
Not only am I extensively trained in fundamental and technical analysis, but I have access to the entire arsenal of the Thorchain Warriors and I will use it to its full extent to wipe your miserable portfolio off the face of the continent, you little shit.
If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot.
Your bags will wither at the sight of my diamond hands. I will shit fury all over you and you will drown in it. You're fucking dead, kiddo.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Almost got into a bidding war with an army of simps today but ended up being a part of @pleasrdao, a first of its kind Art DAO dedicated towards crypto art
1/ There has been a lot of accusations regarding fake activity towards Binance Smart Chain (BSC) the past few weeks, but little evidence
We actually researched BSC user & economic activity and compared to other DEXs - here's what we found
Thread 👇
2/ The most commonly cited questionable activity we saw was that of unique addresses
The sudden uptick in unique addresses was mostly attributed to CHI tokens being minted. When BSCscan changed their algo to exclude addresses generated by the CHI contract, slope normalized
3/ @calchulus breaks it down in this thread in more detail in this thread
1/ This thesis around Oracle usage in AMMs has mostly played out with the initial designs failing to capture high TVLs since the design was economically unfavorable for LPs
Kudos to @Bancor and @BreederDodo teams for evolving their models to find better designs
2/ The oracle design is expensive for both the protocol (gas fees to push updates) and LPs (excessive permanent loss)
Bancor V2.1 eliminates oracle usage all together and Dodo V2 seems to focus more on private MMs & customizable bonding curves
3/ We still see many projects pitching oracle based AMM designs, but even if they kind of work on L2 I don't find them that exciting because relying on external CEX liquidity is fundamentally not aspirational and doesn't scale in a world where liquidity migrates to DEXs
Launching with a tiny token float has a high potential for short term euphoria at the cost of long term pain
1/ Why do so many projects launch w/ low float?
(a) Early venture investors & team have lockups & vesting to ensure long term alignment
2017/2018 era saw little lockups/vesting and funds would be quick to flip & dump projects on TGE so this is a good change
2/ (b) $YFI fair launch meme worked out alright
But this is more so the exception than the rule - all of the inflation hit within first week of launch which is materially different from inflation over multiple years
1/ New update for @fraxfinance will have the protocol yield farm with reserves
This is a pretty major positive change that increases the resiliency of the system and can see other reserve-based algo stablecoins adopting this mechanism as well
2/ The issue with all algo stablecoins is that the supply of the stablecoins are too interconnected with the price of the share token
The reflexivity works in both directions - both up and down
Higher price🔄 More Supply
Lower price🔄 Less Supply
3/ This reflexivity exists for as long as share tokens are used to reward those that hold the stablecoin (usually for LPs)
But using yield farming to *safely* yield farm can help to prevent death spirals as the yield can be used to build reserves, making users less likely to run