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Ash Profile picture
@ahboyash
Dec 24, 2021 • 12 tweets • 14 min read • Read on X
Scrolly
1/ With @NEARProtocol and @auroraisnear popping up time for another bridge thread as you don't want to miss out on the next capital rotation!
2/ TLDR
Aurora is an L2 EVM compatible scaling solution built on the NEAR protocol. It also offers high-throughput with low transaction costs for users.

Some of the interesting highlights are summarised below:
3/ Adding Aurora to Metamask
a) Manual input
Network Name: Aurora
New RPC URL: mainnet.aurora.dev
Chain ID: 1313161554
Currency Symbol: aETH
Block Explorer: explorer.mainnet.aurora.dev

or

b) Visit chainlist.xyz to add the Aurora Mainnet network directly to Metamask
4/ Bridging Funds
a) From Ethereum
Using Rainbow Bridge (rainbowbridge.app):
• Connect your wallet to Ethereum mainnet
• Enter the token to transfer (currently only supports $ETH and $USDC)
• Confirm the transfer and wait about 10-20 mins
5/
b) From Terra
Using @Allbridge_io (allbridge.io):
• Connect to Terra via Terra Station wallet
• Paste your Metamask address and amount of $UST to bridge over
• Confirm transactions in Terra Station + Metamask and the funds will be ported over <5mins
6/ Bridging Tips
Use Terra if you want to avoid the high gas fees on Ethereum mainnet + it takes faster for the funds to arrive.

Also, there is no gas fees needed to be paid on Aurora and all transactions are currently free!
7/ Tools
a) Chain explorer: explorer.mainnet.aurora.dev 🔍
b) Guides: doc.aurora.dev 📚

c) Charts: dexscreener.com/aurora or geckoterminal.com/aurora/tokens 📈

d) TVL: defillama.com/chain/Aurora 💰

e) Farms: vfat.tools/aurora/ 🧑‍🌾
8/ Dapps
a) Dexes and Farms
• @trisolarislabs (highest TVL on Aurora)
• @wannaswapamm (h/t @bobbyong)
• @RoseOnAurora (enabling deep liquidity)
• @AuroraSwap (farms launching soon)

b) Launchpad
• @NearPad
• @SmartPad_launch

*Others coming soon: aurora.dev/ecosystem
9/ Personal thoughts
With gas completely free and easy bridging solutions, I will be expecting an influx of apes as the next capital rotation occurs.

Moreover, there are strong partnerships such as @RoseOnAurora facilitating the growth of $UST on Aurora fuelling more upside.
10/
 Only time will tell whether this will be just be another L1/ L2 capital rotation or will Aurora experience sticky TVL.

It will need to differentiate itself from the other EVM chains and innovate on what has already been built.

For now, enjoying my 60% APR on stablecoins 😬
11/ More Information
@analyticalali has a mega thread related to NEAR and Aurora


@_10delta_ was early on Aurora


@Cryptoyieldinfo @SmallCapScience @TaikiMaeda2
12/ Intern Squad
I'm bridgiiiiiiiing @Darrenlautf @analyticalali @M6intern @wassiecapital @The_ReadingApe @0x4C756B65 @jiminstupid @0xminion @0x_intern @delphiintern @sandraaleow @Kyros_Intern @Trudahamzik @playtern @LongHashIntern @M6intern

TY @Auroplaine for his input

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More from @ahboyash

Ash Profile picture
Apr 7
Crypto APAC GTM Playbook: Navigating the Asian Landscape

APAC (Asia Pacific) is a diverse and complex region, with each country characterised by its own language (sometimes overlapping), culture, and social norms. Navigating the landscape requires local knowledge, cultural sensitivity, and tailored localisation strategies.

From China's stringent bans to the more established regulatory frameworks in Japan and Singapore, success in the APAC region hinges on embracing local culture and communication platforms like WeChat and Line.

Strategic partnerships with key regional KOLs and grassroots communities are essential to authentically amplify the project’s vision and foster better engagement through local media and events.

This guide breaks down APAC into key regions, starting with a write-up of each market and strategies including media outlets, KOLs, VCs, and key events.

The flow for project founders: identify local media to amplify upcoming catalysts, work with KOLs or local agencies to craft important narratives and
simultaneously build mindshare, raise from local funds for strategic value-add, partner with CEXes (web3 wallets) and host grassroots events to connect with users.

- - - - - - - -

1. 🇨🇳 China
• Focus: Speculation, Metrics
• Messaging Apps: WeChat, Telegram, Weibo
• Top Platforms: Binance, GMGN
• Key Strategies:
> Work with strong KOLs to amplify catalysts and news
> Use Binance Square + Chinese media for distribution
> Promote via WeChat, Weibo, Douyin, and Discord (via VPN)
> Tap into speculative culture with memes, DeFi, and PVP narratives

Despite regulatory challenges and clampdowns, China remains influential in the crypto space through offshore activities.

This is because China is where the money is at —> most of the whales and retailers here are very degen and crypto native. Highly sought after market for both trading volume, TVL and user metrics.

To maximise exposure, partner with a Chinese media to maximise exposure and work with good KOLs to amplify upcoming catalysts. Most if not all of the media outlets require payment in USD. Partnering with the likes of OKX and Binance wallet is good for retail exposure and cross-marketing.

Also can opt to make use of Binance Square(social networking content platform) together with KOLs to amplify project updates and news.

In China, people use a combination of Twitter, WeChat, Weibo, Telegram and Discord for communication and private crypto (trading) groups to share alpha and the latest projects. Keep in mind that most sites are still banned by the Chinese government, so users will need to use VPN.

Users rely heavily on Chinese KOL and content creators for information, and read news portals to stay up to date with the latest news.

Consumer dApps may want to explore marketing on other Chinese social media (apart from WeChat) such as Douyin (Chinese TikTok) and Xiaohongshu (lifestyle focused app).

Chinese users are very PVP and highly speculative (fomo) because of the finance-driven culture, making money is the ultimate goal. Strong preference for memes and DeFi ponzi to ensure wealth effect. They are usually quite fast to things (BRC-20, ordinals, memes, bitcoin + eth).

Most of the biggest CEXes in the industry are from China, they care a lot about metrics (revenue, on-chain volume, user growth) + bringing in new users (user adoption) before considering a listing. All require some sort of payment (tokens or stables) to list.

With CEXs wallets becoming more popular, a popular strategy is also to partner with Web3 wallets (Binance, OKX, Bitget wallet) to increase mindshare and leverage it as targeted user acquisition.

拉盘

a) Media / marketing
• Chinese and English: @WuBlockchain, @bwenews, @TechFlowPost, @ChainCatcher_, @Foresight_News, @PANewsCN
• Chinese: @OdailyChina, @BlockBeatsAsia,, @ChainNewscom, @BiteyeCN

b) Accelerators
None

c) KOL agencies
• @iamyourchaos
• @snow949494
• @EnHeng456
• @Cipher_Dance
• @ShardingCapital

d) Venture Funds
• Legacy: @fenbushim, @ofrfund, @YoubiCapital, @QimingVC
• Active: @waterdripfund, @genventurecap, @skyvisioncap, @Sky9Capital, @MetaWebVC, @CsquaredVC, @Mint_Ventures, @SevenXVentures, @JSquare_co / @DFG__Official, @iobc_capital

e) KOLs
• General: @Phyrex_Ni, @hebi555, @BTCdayu, @BroLeonAus, @Wolfy_XBT, @yuyue_chris
• Trading: @brc20niubi, @0xSunNFT, @0xcryptowizard

f) CEXes
• T1: @binance
• T2: @okx, @Bybit_Official
• T3: @bitgetglobal, @Gate_io, @kucoincom, @HTX_Global, @MEXC_Official, @BingXOfficial

g) Conferences
None due to regulatory issues. Most of the biggest conferences will take place in Hong Kong anyway (China’s sandbox). Work with local local KOLs/agency to arrange smaller events/meetupsImage
2. 🇰🇷South Korea
• Focus: Narrative Trading
• Messaging Apps: KakaoTalk, Telegram
• Top Platforms: Upbit, Bithumb
• Key Strategies:
> Partner with local KOL agencies for local campaigns
> Use Telegram/YouTube to reach hype traders and airdrop farmers
> Work with advisory firms for local campaigns
> Tap into Korean Blockchain Week for visibility

South Korea faces the same hurdle as China in terms of regulatory challenges, despite this Korea presents a unique opportunity with crypto exchanges that processed a staggering US$2 billion in trading volume.

Understanding Korean retail is crucial —> Koreans are trendsetters and avid followers of the latest hype. Projects must continually refresh marketing materials and present innovative narratives to maintain interest. Users are typically narrative/hype traders, or airdrop farmers.

Telegram (KOL channels), KakaoTalk and YouTube dominate crypto news and activity, while lesser traction on Twitter and Discord. There are also local blogs and forums like Naver for trading discussions.

Holds one of the largest crypto conferences annually: Korean Blockchain Week.

TLDR: Map out the local ecosystem → work with a local advisory firm → plan a localised marketing campaign → understand Korean retails → don't take advantage of Korean trading volume just because it is high.

I wrote more thoughts on Korean market playbook here: x.com/ahboyash/statu…

a) Media / marketing
• Korean and English: @FourPillarsFP, @DeSpreadTeam, @Tiger_Research_, @DecipherGlobal
• Korean: @official_naver, @eBlockmedia, @CoinnessGL, @bloomingbit_io, @tokenpostkr, @with_blockmedia

b) Accelerators
• @SuperteamKorea
• @0xShardLab
• @FACTBLOCK
• @xwavelabs

c) KOL agencies
• @Xangle_official
• @DeSpreadTeam
• @0xundefined_
• @INF_CryptoLab
• @EncodingLabs
• @Whitewater_Labs
• @071_labs

d) Venture Funds
• @hashed_official
• @SamsungNext
• @Presto_Labs
• @nonceclassic
• @LECCAVentures
• @blocore_vc

e) KOLs
• @Edward__Park
• @JayLovesPotato + @Steve_4P
• @0xProfessorJo
• @JuhyukB
•@eth_apple

f) CEXes
• @Official_Upbit
• @BithumbOfficial
• @CoinoneOfficial

g) Conferences
• @kbwofficial
• @bwbusan
3. 🇯🇵 Japan
• Focus: Gaming, NFTs
• Messaging Apps: LINE, Twitter
• Top Platforms: Soneium, Line
• Key Strategies:
> Leverage LINE’s massive user base
> Target gamers and anime fans via NFT/GameFi campaigns
> Utilise cultural IPs for more authentic storytelling

The Mt. Gox bankruptcy in 2014 and the Coincheck hack in 2018 prompted Japanese regulators to implement stricter security standards for exchanges. Despite this, they remain a significant player in the global crypto landscape with tons of active traders and crypto users. High trading volumes, especially for Bitcoin and alts.

Crypto has slowly been integrated with various e-commerce platforms and point-of-sale systems, and various payment services are available for Japanese users.

The NFT and GameFi sectors are steadily growing, which builds on Japan's strong gaming + anime/art culture —> crypto games/consumer dApps will find it meaningful to market to Japanese users due to large pool of gamers.

@LINE_Global is the 2nd most used app in Japan and the biggest messaging app with over 95 million monthly active users, covering more than 68% of the Japanese population.

A robust Japanese GTM strategy involves targeting users on this platform, while dApps may also want to use @KaiaChain’s dApp portal which they have signed an exclusive partnership with Line to launch mini dApps (games and consumer apps) for distribution.

Larger ecosystems include @soneium an L2 developed by Sony Block Solutions Lab to bridge Web3 with mainstream consumer applications and potentially leveraging on the IPs that Sony houses, @oasyschain and @AstarNetwork.

a) Media / marketing
• @kudasai_japan
• @coin_post
• @CryptoTimes_mag
• @PacificMeta
• @ngg_japan
• @BZB_Capital
• @Yahoo_JAPAN_PR

b) Accelerators
• @OtakuLabs_xyz
• @SuperteamJapan
• @StartaleGroup
• @doublejumptokyo
• @JapanOpenChain

c) KOL agencies
• @PacificMeta
• @DeFimans
• @lucianlampdefi

d) Venture Funds
• @skylandvc
• @ivcryptofund
• @emoote_
• @sbigroup
• @nngcap
• @Nomura —> @LaserDigital_

e) KOLs
• @lucianlampdefi
• @TakayamaJoe
• @missbitcoin_mai
• @salmon_pi
• @web3_honey

f) CEXes
• @bitFlyer
• @bitbank_inc
• @coincheckjp

g) Conferences
• @WebX_Asia
• @IVS_Official
Read 15 tweets
Ash Profile picture
May 25, 2024
1/ With over $700m in TVL, @sanctumso is poised to capture a large share of the @solana liquid staking token (LST) market share by building a unified liquidity layer.

They envision a future where all staked $SOL can be used across Solana dApps - solving the liquidity fragmentation problem.

In this thread, I cover:
• History and problems of staking, introduction of liquid staking tokens (LST)
• Sanctum’s products (LSTs, stake accounts, reserve pool, trade router and Infinity)
• How to get started + Wonderland campaign
• Personal thoughts with relevant data

Join me in LST Wonderland 🧵Image
2/ TLDR of Staking + LSTs
(a) History
• Solana is a proof-of-stake (PoS) network where $SOL is staked to participate in the consensus of the network (block validation).
• The higher the amount is staked = the more secure the chain is. In return for staking, users get rewarded in more $SOL tokens.
• How to natively stake $SOL: Use @phantom to stake —> Phantom creates a stake account —> this account will be delegated to the validator of choice —> receive rewards.

(b) Problem
• Holding just plain $SOL alone causes users to lose out to inflation (rewards go to the stakers).
• However, staking $SOL with validators = capital opportunity cost as the staked $SOL cannot be used in other dApps (i.e. unable to generate yield on the staked $SOL).

(c) Solana LSTs
• In 2020, Lido was created on Ethereum which revolutionised the staking ecosystem. Users could now stake with Lido and receive a LST (stETH) which represents their staked ETH on a 1:1 ratio. The liquid stETH could now be used across multiple DeFi dApps and earn yield.
• Probably the best PMF crypto product, the model was replicated on Solana. Solana liquid staking protocols like @jito_sol and @MarinadeFinance have over $1.7 and $1.4b TVL respectively.
• How an LST on Solana is issued: Deposit $SOL into a LST pool —> stake account is created for the user which will be delegated to a group of validators —> user receives the staked $SOL that is liquid and can be used in other dApps + validator rewards.
• The total market cap of staked $SOL is $69b, while the total market cap for Solana LST is only $4b (6% liquid staking ratio) —> increasing the amount of LSTs will therefore unlock huge liquidity on-chain.

(d) Validator LSTs
• Liquid version of a stake account —> $SOL that is deposited into the validator LST pool creates a stake account that is delegated —> the staker receives the validator LST which represents their stake with the validator.
• Sanctum lets validators create their own LST where the staking revenue can be shared with holders.

But alas, tons of liquid staking protocols with different LSTs & liquidity pools lead to liquidity fragmentation - this is where Sanctum comes in.Image
3/ Sanctum Product Offering
Sanctum is a platform that allow validators to create their own LST (infinite number of LSTs) and they act as the unified liquidity layer. This helps to deepen liquidity for LSTs and consists of 3 working parts: Infinity, router and a reserve pool.

(a) Infinity
• Sanctum’s flagship product: a giant pool containing all types of LSTs (multi-LST pool) to ensure users can easily swap LSTs between each other. A close analogy is in the form of @CurveFinance's 3pool (DAI-USDC-USDT).
• Users can deposit any types of LST or $SOL into Infinity to get $INF, an LST which is yield bearing and can be used across multiple DeFi dApps (such as @KaminoFinance, @solendprotocol, @MeteoraAG, @ArmadaFi, @orca_so and @RaydiumProtocol).
• Why deposit? —> $INF earns the average staking return of all LSTs in Infinity + trading swap fees.

(b) Router
• This part explains how swaps between LSTs are carried out.
• As we have previously mentioned, LST is a liquid version of a stake account. But problems arise if liquidity pools for LSTs on DEXes are too thin which causes high slippage.
• Instead of swapping LSTs for one another in liquidity pools, Sanctum’s router uses the stake account and convert it to liquid wrappers.
• ELI5: the router just shifts your stake account from one LST provider to another —> liquidity is now no longer an issue for LSTs (especially new and smaller ones) since a liquidity pool for 2 LSTs (to facilitate trade) is not needed anymore.

(c) Reserve Pool
• This pool allows LST holders to insantly convert their LST back to $SOL pool is available for any LSTs on Solana.
• If a user swaps staked $SOL for $SOL, on the backend the pool will unstake the staked $SOL to replenish its reserve.
• It also serves as an important backstop for emergency unstaking.
• Instantly unstake here: unstake.sanctum.so/en/Image
Image
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Read 8 tweets
Ash Profile picture
May 18, 2024
1/ “Hope is a Fantom that makes a man run a long way."

In comes the spooky revival arc for @fantom with the Sonic-fication of its chain + new token migration into $S.

We discuss the Sonic upgrades + parallelized virtual machine + how to position yourself and get ready 🧵 Image
2/ Introduction
Fantom is a layer-1 blockchain platform aiming to address the limitations of scalability and transaction
costs faced by established networks like Ethereum.

Launched in December 2019, Fantom positions itself as a high-speed, low-cost alternative for developers building dApps and users seeking to interact with DeFi protocols.
3/ Sonic Network Reveal

Just yesterday, @FantomFDN revealed more details about the Sonic network.

In short:
• New layer 1 blockchain (Sonic Network) with a significant performance improvement + layer 2 bridge to Ethereum (unlock more liquidity)
• Parallelised EVM (Sei + Monad hype)
• New native token ($S) where people will have the option to migrate $FTM at a 1:1 convertion ratio (bridge for bi-directional swaps available)
• At least $100m $FTM earmarked by Fantom Foundation for ecosystem development
• Airdrop campign (farmers wya)

The above is subjected to a governance vote: forum.fantom.network/t/the-new-fron…Image
Read 14 tweets
Ash Profile picture
Apr 25, 2024
1/ Crpto natives mention the term "multisig" a lot, but most don't realize the true behemoth powering all the multisig infra is @safe.

Sharing some thoughts on why we at @Signum_Capital decided to back this protocol that secures more assets than @RobinhoodApp. Image
2/ Intro
Safe is both the most secure smart contract wallet infra and platform (Safe WALLET) + account abstraction leader (Safe CORE) on Ethereum and the entire EVM space.

It is trusted by some of the largest projects in crypto such as @1inch, @aave and @chainlink + running on 14 networks including Ethereum, @base, @arbitrum and @0xPolygon ().

We view Safe to be an integral foundation for the entire ecosystem due to the gargantuan value they secure.docs.safe.global/home/4337-supp…Image
3/
 a) Safe WALLET (Smart Contract Wallet)
Safe is an omega critical infrastructure for crypto users and developers, as it safeguards digital assets for projects/DAOs, institutions, individuals.

As of April 2024, the following stats show strong traction for Safe:
• Over 8m Safes created.
• Manages over $103B worth of assets.
• Conducted over 48m total transactions.

See the stats for yourself here:

Safe’s PMF cannot be denied as the stats show strong smart contract account adoption.

Safe’s Wallet ensures:
• Top grade security and audited contracts.
• Wallets controlled by many private keys (multi-sig).
• Decentralised co-ownership of assets.
• Self custodial wallets.
• Mobile access, Safe wallet is available on both the App Store and Google Play.dune.com/safeImage
Read 11 tweets
Ash Profile picture
Jan 20, 2024
1/ @MetisDAO has grown considerably since I covered it way back in 2021. From just being a "Vitalik mother" coin, it has slowly made its way into a top 5 L2 contender.

The token had an incredible past 3 months with a ~10x surge in price since October due to a slew of narratives which led to an increase mindshare on the ecosystem.

This thread aims to outline the different narratives for Metis as well as dApp growth both on the DeFi and consumer apps side.
2/ Pampementals
• $400m ecosystem development fund at current price ()
• First L2 with decentralized sequencer ()
• Speculation on a potential Binance/ UpBit listing
• @nuvosphere inscriptions causing a spike in transactions
• And of course, Vitalik mom koinmetis.io/blog/metis-edf…
metis.io/blog/community…Image
Image
3/ Metis ecosystem
Metis has a plethora of dApps ranging from DeFi, gaming and NFT marketplaces.

Chads like @2lambro, @CryptMoose_, @crypthoem already covered the basics of Metis in their threads. In this thread we take a deeper dive into the three verticals below:
• DeFi
• Gaming/social
• NFTs + inscriptionsImage
Read 11 tweets
Ash Profile picture
Dec 5, 2023
1/ Mega compilation of Bitcoin ecosystem resources.

Helpful for anyone needing to get up to speed with the latests developments especially pertaining to Ordinals and BRC-20. Image
2/ Bitcoin ecosystem thesis
•
•
•
•
• medium.com/neworderdao/ma…
portal.vc/bitcoin
standardcrypto.vc/thoughts/bitco…
outlierventures.io/article/bitcoi…
medium.com/ybbcapital/dig…
2/
•
•
•
•
• medium.com/@willfangcc27/…
galaxy.com/insights/resea…
taprootwizards.com/manifesto
lnmarkets.substack.com
ark-invest.com/big-ideas-2023…
Read 24 tweets

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