1/n Why I just spent another 6.9ETH to buy #cryptophunk at 3AM despite being the largest holder of Phunks, a thread:
2/n I posted about phunks just an hour ago after finishing a long day of work at @impossiblefi, finishing up our launch of @Ariadne_finance. The community took me by surprise and retweeted the hell out of my tweet within minutes.
3/n The #cryptophunk community is a group of incredibly tight knit, buidler focused folks who bonded into this community when Opensea decided to remove the asset from its marketplace.

The assets feature the iconic cryptopunks image, simply mirrored over the Y axis to face left.
4/n In an argument of what is "original" versus what is unique, I think it should be up to communities to decide what is value or art and what is accessible onchain.
5/n To me, blockchains and cryptocurrencies are built on communities and an opportunity to create censorship resistant ecosystems, not recreate the same walled gardens that stifle innovation from traditional worlds.
6/n Phunks to me aren't an investment, but rather a statement to support anti-censorship and support communities that build real stuff in the face of adversity. Go to wherever builders are building
7/n over the course of about a month, i saw folks like @Pauly0x help spearhead all kinds of outreach to find some of the collectors and holders, and unite folks to help build notlarvalabs.com
8/n I've seen this community repeatedly speak up and join as real participants in everything from twitter spaces with @uniwhalesio and just mobilize in an instant~
9/n Here's to next wave of community-first builders that will be coming out of the #cryptophunks community.

I will personally sponsor 4 Phunks as rewards for the 3 best hackathon projects that incorporate Phunks (2 phunks for the top team). submission Deadline will Christmas~
10/n Come build and be a part of the community!
discord.gg/Mwz8rxfb
@Pauly0x can you make a new #hackathon channel?

Let's see what other bounty rewards will other folks put up as well for some creative hacks!
11/n Any other projects or folks wanna throw some other builder rewards?
I'll put aside an extra phunk reward for the best project that collaborates other existing NFT and defi projects and ecosystems, such as @impossiblefi, @10b57e6da0, @gitcoin & @Meta_Cartel
12/n so who will build the next combo of characters to combine with loot & mloot? @dhof what do you think?AGLD to pay for swaps, moves, some @EtherRock paper scissors games? Let's build it together!

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More from @calchulus

20 Jul
1/n a thread on @SushiSwap's new plans for v3 and its implications for the ever-increasing defi competition in the smart contract world of dexes:
The keys for users are the implications for liquidity provision, capital efficiency, and composability
2/n . First off: one-stop shop: integrating the new swap into Bentobox and more, which naturally adds a wrinkle to battle the Aave & Balancer combo of allowing LP assets to also be borrowed out in a lending pool. medium.com/balancer-proto…
3/n. This is particularly useful for allowing assets to be borrowed, flash swapped, or generate other business lines and fee accrual outside of just direct, first-layer trading. It can also be very helpful for margin and other projects (see: Kashi).
Read 16 tweets
17 May
Emerging with a theory that Defi is becoming a lot more antifragile than cefi markets:

1. because more LPs in defi are directionally long rather than efficient delta neutral arbers, you have a lot more people who don't "fade" orders.
2. AMMs are slower to adjust pricing compared to MMs who do this type of adjusting regardless, because dexes like @Uniswap @SushiSwap @PancakeSwap made it so much easier for users to provide liquidity to made this directionality happen
3. With onchain liquidity so strong and permissionless, coupled with lower leverage ratios in defi (due to complexity of leveraged products in defi world for now), any wreckage is lessened by thicker AMM liquidity.
Read 4 tweets
12 Apr
This is a great question, and a pretty good bet. But the difference between cefi and tradfi is still a huge step - cefi is where a lot of people opened their eyes to defi, so it's like the gateway drug into crypto for the masses.
I think it's super valuable to start from a place with over a million daily active users to try a defi product. At least some percent of that userbase should stick.
Defi gets to build organically from ground 0.
Cefi needs to defend its territory from an already massive lead
Read 5 tweets
16 Mar
0/n After almost 3 years, it is with great pride, respect, and love to announce that February was my last month @binance. It's been a whirlwind of a ride, so what better way to share the memories, nostalgia, and future alpha I learned all in one tweet thread
1/n I want to thank my @BinanceResearch team for being the best group of friends & researchers I could've ever dreamed of working alongside. To my boss, who found my resume on a recyclebin pile when HR had rejected me b/c i was a fresh grad, and took a bet on me, <3 <3 <3
2/n I got an opportunity to build at Binance Research all because I applied to 6 different roles, but was the only person that put a github.com/calchulus link at the top of my resume: lesson learned - find your strengths and showcase them
Read 35 tweets
15 Mar
this is incredibly powerful - it means that if we create a parallel economy in defi, we can do so and power our own spending, in a controlled manner, rather than outrageous borrowing done by sovereign states like the US.
Disclaimer: hold no Alchemix, but @scupytrooples is up to something very interesting and lots of finance folks who understand the time value of money think this is very interesting.
It is also interesting to think though, whether it makes more sense if this is done on the individual level, or at the system level. I liken this to using up all the rebates your credit card gives you to spend
Read 13 tweets
7 Mar
ok time for some thought leaders to stop looking into one front end on a centralised data source trying to read data on a chain that is still struggling to build more infrastructure to read info.

THE MOST IMPORTANT THING IS THAT UNIQUE ADDRESSES != Unique users!
2/n Firstly, you guys in the eth world may know that a certain function on Eth mainnet was proposed to cease to exist in a future hardfork - which would render @1inchExchange's CHI Gas token and other gas tokens useless.
3/n Users started reporting the deployment of CHI gas token mid February on BSC. For those of you who are not familiar, CHI gas token uses the "self-destruct" function after using up the "stored gas", which is purchased at a low gas gwei price and deployed when high
Read 17 tweets

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