Really proud of the VCs keeping the supercomputer validators up and running. Bullish on Sometimes OnLine $SOL #solana
Feel bad for the retail being dumped on by VCs right now. Nothing in the top ten tanking as hard or as fast. We did try very hard to warn them. I hope we managed to get through to some of them.
-a fraction of the promised TVL ATH with no bridge to move it.
-a decimal TVL in December (no bridge)
-Custody of less than 1/4 of TVL
-No proof of a bridge to SS being complete
-Team members redirected to work on #solana project
It looks to me like the @CardStarter team over promised both @SundaeSwap and their investors, and failed to deliver on either side of their obligations. Nothing was formally agreed upon. They still haven’t proven they have the bridge needed to deliver if they did have the TVL.
There is an awful lot of money on the line in this ecosystem. Information shouldn’t be made public based on one ambiguously definitive statement made by DM from discord. Million dollar deals need more discussion and confirmation before fine details are relayed to investors.
I think it’s understandable that they did go public due to excitement at the time. From where I’m sitting it looks like a case of subpar communication from both sides. I’m sorry for everyone on both sides of the equation and am glad to see some reparations being made.
Lessons: 1. don’t go public with info before confirming absolutely between both teams. 2. If you are relaying information in private be explicit that it’s not for public consumption pending further consultation. 3. Don’t invest too heavily in early stage dApps due to high risk
To say thank you to everyone who has supported me via my pool (APE) and my #CNFT project (@WildWarriorsNFT) I will be raffling 100% of my earnings from the first epoch of the @SundaeSwap ISO to delegators and holders. 50% of my earnings will go to delegators and 50% to holders.
100% of both my $ADA and $SUNDAE will be given away. This just refers to the pool’s gross income and the running costs will not be deducted. Everyone who stakes will get 100% as normal, this is a separate, private reward I’m raffling as a thank you. #cardano
I would also like to reiterate that if you stake with a small single pool (like me at 9% saturated yesterday 😅) please consider leaving some of your stake with them if moving at all. Please also return to them once the ISO is over.
2. Was delighted to be added into the discord channel last night and even happier to see how supportive all the other stake pools are to have us along with them. Great for decentralising the distribution. Thanks to everyone who voted APE!🦍🦍🦍#cardano $ADA
1/6. I've looked into @OccamFi in a little more detail & there are a few things that seem to be very promising. The one that jumps out to me that wasn't obvious at first glance is the fact that there will be a centralised bridge between #ethereum and #cardano that will live on..
2/6 ...centralised exchanges. If I am not mistaken, this would allow users withdraw tokens from one chain to the other with minimal-zero gas fees. Want to port your stablecoin from #ethereum to #cardano to avail of better, safer #DeFi rates? @OccamFi facilitates that. This is...
3/6 ...monumental. It will allow full blown vampire attacks of #ethereum liquidity with very little friction + due to faster, lower fee #DeFi, plenty of economic incentives to avail of the option. I think this is largely underappreciated based on my cursory investigation...
1/. @IOHK_Charles of #caedano didn't make 1c from his founders #ethereum. He gave 100% of it to his secretary as his secretary wasn't paid properly for months of hard work. He was ousted over a fundamental disagreement over risking small investors money instead of VC money...
2/...at the experimental stage of the project. It turns out he was right, tens of millions of dollars of small time investors money was lost in hacks and exit scams due to rushing to market with an unfinished project and patching in production. How this has been spun into him...
3/...being a corporate sellout is beyond me. He wanted to run the company with a clear management structure so that the efforts of the early team could be guided correctly. Instead they chose anarchism, and as a result...