For some reason, the creators of the dog tokens TikTok normies are going wild over thought it was a good idea to put liquidity on Uniswap and give the LP tokens to Vitalik so he has half the supply
He just withdrew all the $SHIBA $AKITA $SHIB $ELON and is dumping them on Uniswap
This alone is already incredibly based of Vitalik, but then he went and donated $500M of his $AKITA to @gitcoin, a quadratic funding grants program for open-source developers 🤯 etherscan.io/tx/0x2fb8b58f8…
I may disagree with Vitalik on the topic of price oracles, but I simply cannot ignore just how based this move really was
Vitalik dumped the doge tokens to save Ethereum gas prices
Vitalik just sent 13,292 $ETH ($54M) to Coinbase, I don't blame him for taking profits tbh, he didn't ask for these dog meme tokens
After this saga is over, hopefully people will stop apeing into these tokens, leading to lower gas prices etherscan.io/tx/0x33e4aa320…
Vitalik just sent $1B of $SHIB to the India Covid-Crypto Relief Fund
Given the collapsing price and liquidity rugpull, they definitely won't be able to cash out the full amount, but this is still a based way to donate to a good cause etherscan.io/tx/0xb65bcbb85…
Woah scatch that, Vitalik just sent 500 $ETH ($2M) to the India Covid-Crypto Relief Fund
This can definitely be cashed out for the full amount, I have a feeling most of the proceeds from this saga are going to go to causes like this etherscan.io/tx/0x239091426…
"Ah fuck. I can't believe you've done this." - Mr F
The donations to social causes just keep coming in
Methuselah Foundation (Advancing regenerative medicine)
It will be interesting to hear Vitalik's perspective regarding his motivation, where all the funds are going to, and the greater implications of it all
I really did not expect any of this to happen, but imo those dog token holders were going to get rugged eventually anyways
And this appears to be the end, 8,700 $ETH ($34M) withdrawn to the vitalik.eth address
Not a bad ROI considering the dog meme tokens were gifted for completely free, the crypto ecosystem never ceases to entertain me etherscan.io/tx/0x0ac287749…
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1/ Vitalik recently created a proposal on the Uniswap governance forum that they should shift focus and create a human-based token-weighted voting oracle mechanism to provide algorithmic stablecoins with USD-paired price data
Here's why I think this is not a practical proposal
2/ What is suggested is that Uniswap copy the Augur/UMA model where $UNI token holders are asked what the price of an asset is against USD, it is voted upon, and then multi-day/week dispute rounds are initiated as needed that can ultimately result in a token fork
3/ To note, this proposed oracle mechanism has nothing to do with Uniswap's existing on-chain TWAP oracle that I explored in this blog post below
"Because market data is fetched from off-chain, on-chain flash loans have zero effect on the data provided by the ETH/USD @chainlink Price Feed, entirely solving the issues presented in the theoretical examples above" -@orbs_network orbs.com/orbs-integrate…
"@SataToken is building risk analysis systems off-chain for service providers, who will then in turn report dynamic risk levels of identities on-chain using #Chainlink-powered decentralized oracle networks"
"We are excited to announce that @RulerProtocol is now using #Chainlink Price Feeds live on mainnet to secure user funds within our no-liquidation lending platform"
“Not only are we able to leverage #Chainlink’s time-tested security, but its native operation on #BSC allows us to get consistently fresh data for a much lower price.” — Joelito Lizarondo @JLSwipe, Founder Venus Protocol and CEO of Swipe Wallet.
This kills the BAND narrative
"We are pleased to announce that @polywhalefi, the first yield farming platform on the @0xPolygon network, has integrated #Chainlink's Verifiable Random Function (VRF) on mainnet to secure the Polywhale Lottery system"
"@AlchemixFi's integration, which already involves the mainnet use of the $DAI/USD @Chainlink Price Feed, will expand to include the use and support of Chainlink Price Feeds for $ALCX, $alBTC, $alUSD, and $alETH"
"By leveraging #Chainlink’s market-leading Random Number Generator (RNG) solution for smart contracts, users will have a truly random chance at obtaining higher rarity grade #NFTs when combining lower grade @playdapp_io Town NFTs"
"@RampDefi is excited to announce our live integration of the market-leading #Chainlink Price Feeds on both the Ethereum and Binance Smart Chain (#BSC) mainnets"