alexcutler.eth Profile picture
Mar 19 β€’ 5 tweets β€’ 3 min read
πŸ’Έ Votium Round 14 Updates

Last round bribes stayed strong, despite the CVX unlocking drama and a major market dip.

I'll do a quick recap and share how things are shaping up for #VotiumR14 below!

πŸ§΅πŸ‘‡
R13 Recap

Last round saw a total of 5395.74 in $ETH bribes (+.07%), the second highest amount on record.

We also saw...
πŸ‘‰ The return of $MTA bribes
πŸ‘‰ A big increase in bribes from @LidoFinance
πŸ‘‰ New bribes from Convex for their CVXFXS LP

TL;DR - Birbs looking good.
R14 Update

The market is looking in better shape this week which is driving the $ value of bribes higher even as token amounts largely remain flat.

Rumors are swirling however we might start seeing some new / increasing bribers soon. πŸ‘€

Overall, if prices and bribe totals hold steady we could be looking at a big increase (+13%) in bribes per dollar.

With Ethereum outperforming the market atm, we could see a small decrease in bribes per ETH (-5%), but will depend heavily on market conditions. ImageImage
That said, here are where thing stand today with about 7/19 expected bribers still pending.

As always, @fraxfinance + @terra_money will be the big ones to look out for in the coming days.

✌️ keep your eyes out for more updates soon! ImageImage

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with alexcutler.eth

alexcutler.eth Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @wagmiAlexander

Mar 5
πŸ—³ Convex + Votium Round 13 Kick-Off

It's that time once again, voting gauges are open and tasty birbs (bribes) are beginning to flow in.

And with the events of yesterday, we've got some extra drama surrounding #VotiumR13.

My preview and projections below.

πŸ§΅πŸ‘‡
R12 Recap

Last round saw a total of 5357.47 in $ETH bribes (+1.9%), the second highest amount on record.

While bribes per $USD declined to $13.6M (-15.3%), it was clear that it was driven by prices drops not bribes.

tl;dr - flywheel πŸ’ͺ + birbs πŸ“ˆ.

Yesterday's Twist

The #cvxVotium flywheel is a pretty well oiled and drama free machine, which (frankly) I was looking forward to after the chaos of the #veSolidWars.

But clearly, I'm not allowed to have nice things as yesterday we got some big news...

Read 11 tweets
Mar 4
πŸ‘‹Hello

The last few weeks have been 🀯. I never expected to have 2k+ people following my Tweets.

While that's nothing in the context of some accounts, I am feeling the responsibility of it.

And think you deserve to know who you're reading.

So, a little bit about me...

πŸ§΅πŸ‘‡ Image
πŸ™‹β€β™‚οΈMy name is Alex.

Clearly, I'm doxxed.

The fact that you can be an anon participant Web3 is super cool, but it didn't feel right for me.

It's more important to me that y'all know me and that I'm accountable for what I say and do.
My background is multifaceted...

I started my career in politics and campaigns (which is where I met @JasonHitchcock), but burnt out.

I spent six years in a variety of roles @Apple, my last few managing a few Talent Development programs.
Read 14 tweets
Mar 2
I hope to do a proper thread, but a few quick thoughts on @_veDAO_'s big move.

They were already compounding control of Solidly and Solidex at an unmatched pace.

The benefits they gain with @0xDAO will only accelerate that (and they'll likely compound control of 0x too).
They will be one of the largest single controllers of veSOLID, and might have a shot at being the largest.

And since Solidly emissions are front loaded and veSOLID non-dilutive, this would be insurmountable.

IMO this makes them the simplest and most optimized Solidly play.
I mean, think about it...

You functionally get the optimized rewards of Solidly, Solidex, and 0xDAO in a simple $WeVE wrapper.

And those benefits will flow proportionally whether you're a retail investor, whale, or protocol.

"The People's Cooperative", indeed.
Read 6 tweets
Feb 26
πŸ”₯ Alpha on #veSolidWars

The market seems woefully confused about the best way to get $SOLID exposure right now. I'm here to help.

Imagine you've got $10,000 and you want $SOLID exposure, whats the best value play?

It's probably not what you think...

πŸ‘‡ 🧡
Assumptions

I'm ignoring #FTM protocol specific plays right now because (IMO) there are too many variables there.

I want to focus on the options that are either direct exposure or are solely focused on controlling $SOLID.

That means looking at $SOLID, $SEX, $WeVE, $OXD.
I'm also ignoring the more speculative longer term value proposition around each, but will touch on those later.

I also got very little sleep last night, so it's possible I fucked something up. Please send notes if so!
Read 11 tweets
Feb 24
Yesterday, users flooded to #Fantom for the launch of @AndreCronjeTech's @solidlyexchange.

After months of skirmishes, the #veSolidWars were officially kicking off and the excitement was palpable.

Then... ALL HELL BROKE LOOSE.

My attempt at a recap. πŸ‘‡πŸ§΅
Quick Background

When @AndreCronjeTech announced his new AMM Solidly, he distributed ownership to the top #Fantom protocols as ranked by TVL.

This ignited a battle for control that eventually coalesced into a struggle for control between two teams: @SolidexFantom + @0xDAO_fi
As the day began, we heard from the holdouts...
πŸ‘‰ @SpookySwap would remain neutral
πŸ‘‰ @SynapseProtocol would delay / go solo for now
πŸ‘‰ In the final minutes, @fraxfinance joined #0xDAO

That increased @0xDAO_fi's lead at 40% to @SolidexFantom's 33.7%.

Victory? Not quite. Image
Read 12 tweets
Feb 23
πŸ—³ Votium Round 12 Wrap Up

Yesterday marked the end of #Votium R12 and $CVX holders are busy counting their sweet bribe πŸ’°.

A quick recap 🧡 of what we saw...

#Convex #CurveWars @ConvexFinance @CurveFinance
High Level

πŸ‘‰ Second highest amount of bribes / ETH ever
πŸ‘‰ Decrease in total bribes / $ due to market volatility
πŸ‘‰ Bribes largely flat, but $TRIBE + $LUNA increased
πŸ‘‰ One returning briber in $DAI, one drop out in $MTA

Payouts were about $.38 / vlCVX (40% APR).
What does this tell us?

That none of the drama in #crypto is hurting the $CVX #Votium flywheel.

Average bribes (ETH) and briber qtys have continued to increase + that trend seems likely to continue.

And when the market recovers / catalysts arrives, people will take notice.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(