olimpio ⚡️ Profile picture
Aug 9 • 16 tweets • 9 min read
Airdrop Strategy: TheKraken 🐙

There's a new NFT AMM player in town: @sudoswap

No token yet, but $SUDO coming 🪂

• it works with liquidity pools
• you add liquidity (NFT/ETH)
• earn trading fees
• place limit buy/sell orders

A breakdown: how it works and how to try it 🧵
1/15

Sudoswap, by @0xmons and team, was born as an OTC tool for NFT trading. Built on top of 0x protocol.

You can still use the old product: otc.sudoswap.xyz

We are here, though, to talk about the new sudoAMM. It supports concentrated liquidity provision for NFTs.
2/15

Sudoswap is planning on releasing the $SUDO token.

Details about this at the end of the thread
3/15

What are the advantages of Sudoswap AMM?

• 0.5% fees that go to Sudo Treasury (0xb16c1342e617a5b6e4b631eb114483fdb289c0a4) - eclipsing to Opensea's 2.5%

• On-chain marketplace: true decentralization, no censoring

• Automatically adjust selling price as price goes up
4/15

How does it work?

On a sudoAMM pool, a user can:

• Deposit ETH to get NFTs
• Deposit NFT to get ETH
• Deposit both ETH and the NFT to earn trading fees

The bonding curve can be chosen when creating a pool
5/15

Let's do a demo: NFT buy and liquidity provision 💀

We will use based ghouls pool, which has a lot of liquidity (TVL): sudoswap.xyz/#/browse/buy/0…

6/15

"Floor price" lists all NFTs for sale, with their prices

If you scroll down, you will see that the NFTs have different prices, these are price ranges set by the users

Let's buy one
7/15

"Best offer" is the algorithmically determined bid that you can market sell an NFT. The ETH is taken from the pool: i.e. the TVL

I could market sell my GHLS at 0.219 ETH, and this would cause the Best Offer to go down
8/15

Adding liquidity

Now that we have a GHLS, let's provide liquidity

Existing pools are here (browse): sudoswap.xyz/#/browse/pools…

To add liquidity, create a pool: sudoswap.xyz/#/pool
9/15

Creating a pool

1. Fee to charge on swaps
2. Starting price that I list GHLS
3. Delta: the relative increase/decrease in price as the pool is used (exponential curve)
4. How many GHLS will my ether buy
5. How many of my GHLS will sell

I will deposit: 0.219 ETH and 1 GHLS
10/15

Note that this is a testing pool, your delta probably should not be that high (pools usually use 1-5%)

Now our pool is ready!

You can leave it there to trade, or withdraw anytime.

sudoswap.xyz/#/pool
11/15

Listing NFTs

You can list NFTs at the same price and set the delta increase every time there's a sale

Imagine you list 10 @PoolyNFT @ 0.20, with an increase of 0.01

When the first one sells @ 0.20, the 9 other's prices will auto-change to 0.021

sudoswap.xyz/#/inventory
12/15

Depositing only ETH

You can also create single sided pools with just ETH - to buy NFTs at a certain price

sudoswap.xyz/#/create
13/15

$SUDO Token

It was confirmed on their blogpost blog.sudoswap.xyz/announcing-sud…

There is speculation that $XMON holders (the token for the xmon NFT project, from the same founder @0xmons) will get a share

In the last 20 days price went from 5k to 30k

*I wouldn't buy this token*
14/15

Airdrop talk

They have *not* talked about any airdrop, but @0xmons confirmed that NFT holders will get $SUDO (floor price is 20 ETH) opensea.io/collection/0xm…

* I wouldn't buy the NFT *

For me, best bet is to test out the protocol 🪂

15/15

Olimpio Announcements:

1. Join our Airdrops discord: discord.gg/earndrop
2. Please report this mfer impersonating me: @olimpiocryptoo
3. Give the first tweet a like, for the bird algo 🤖🐦

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More from @OlimpioCrypto

Aug 11
Regarding ETHPoW: An Ethereum hard fork could be on the horizon.

Yesterday a made a thread on what it could mean.

This is a follow-up:

(i) what is a hard fork
(ii) risks of interacting with a forked chain
(iii) what happens with L2s?
(iv) why would a hard fork happen?

🧵👇
This is the original thread, in case you missed it.

Original:

Spanish version:
1/12

Let's go through a hard-fork.

What happens? Someone takes a chain and replicates it

Anyone can do this. If I download Ethereum (1TB) and set up a few independent nodes, then I forked it

If people don't recognize/use my fork, then all assets = 0, it's just a 1TB text file
Read 15 tweets
Aug 10
An Ethereum Hard Fork is coming. You might want to:

• Maximize on-chain ETH for when it happens (withdraw from CEXes)
• Take an ETH loan
• Dump all PoW assets for ETHPoW
• Have a ready-to-go account on the greedy exchanges supporting the sh*t-chain

Thread on ETHPoW 🧙‍♂️👇
1/13

If you were here for BCH/BTG Bitcoin forks, then you know these were amongst the first airdrops in history 🪂

Now:

Bitcoin Cash (BCH) - Mkt cap: 2B. Price: $140
Bitcoin Gold (BTG) - Mkt cap: 500M. Price: $30

BTC price: $24,000

BCH, BTG and BTC have the same supply, 21M Image
2/13

When the merge happens and ETH transitions to POS, there will be two chains. POW and POS.

Miners will try and get the last breath of value before selling their hardware:

They will keep the POW Ethereum alive, effectively hard-forking the blockchain.
Read 16 tweets
Aug 5
A Megathread on @optimismFND 🔴

+30,000,000 $OP tokens have been airdropped to multiple different protocols

• How to earn some of those 30M $OP
• What protocols got/will get an $OP airdrop to distribute 🪂
• Governance updates

Several opportunities in a bear market

1/15🧵
On this thread:

1. Info you can use to get $OP right now (via high farming APRs or via potential airdrops)

2. Info you can use in the future when more protocols receive their $OP share

If you don't have time to get to it right now, like the first tweet and read it later ⚡️
1/15

Optimism governance works in phases. After a governance discussion in forums, proposals go to Snapshot where delegates (like myself) vote

Voting cycle 1: Jun 9 - Jun 22
Voting cycle 2: Jun 23 - Jul 6
Voting cycle 3: Jul 7 - Jul 20
Voting cycle 4: Jul 21 - Aug 3 ⭐️
Read 18 tweets
Aug 1
Airdrop Strategy: Aptos Edition 🪂

@aptoslabs is a new L1 blockchain, launched in 2021.

They received +350M in funding from the likes of FTX, Jump, a16z.

No token yet, but they plan to lauch $APT

On this thread: how to use Aptos, and 4 bonus no-token protocols to try!

🧵👇
On this thread, quick and easy:

• What is Aptos exactly
• How to participate in testnet and potentially get 500 $APT tokens
• How to install wallet (MM not supported)
• 4Birds1Stone to try on this new blockchain: @martian_wallet, @TopazMarket, @vialprotocol, @PontemNetwork
1/12

Aptos is a new blockchain focusing in scalability.

ROADMAP

Q1 2022: Developer testnet launch (March 15)
Q2 2022: Incentivized testnet launch (right now ⭐️)
Q3 2022: Mainnet launch (Sept-Oct)

Although in testnet, there are still things to try to get $APT & other airdrops
Read 15 tweets
Jul 21
Speculation: There are rumours that Consensys is looking to decentralize $INFURA

Thread (1/8) 🧵
1/8

Absolutely nothing confirmed, and probably not true, but let's entertain the idea.

Unrelated people have messaged me in the last 2 months regarding this. I want to open a discussion and hear your thoughts.

What is Consensys?
2/8

@ConsenSys (from @ethereumJoseph, co-founder of Ethereum) is a blockchain company that owns the Fox MM, and Infura.

Here is my comprehensive strategy on a potential $MASK airdrop, in case you missed it:

Read 9 tweets
Jul 18
Airdrop Strategy #25: BullTrapMonday 🎯

Thread: a new strategy involving 5 no-token protocols that could potentially make an airdrop:

@ChainHopDEX, @overnight_fi, @lifiprotocol, @aztecnetwork, @VovoFinance

5Birds1Stone: 5 token-less birds to explore!

Take a look
🧵👇
Before we start:

Airdrops, on their current form, will not last forever.

Mercenary sybiloors who come, farm, dump are unsustainable.

I strongly discourage this: it only hurts protocols, and you will get excluded

Engage and perform regular operations. Get to know the protocol!
1/8

This is not financial advice (!!)

Let's begin with some alpha: we will start from an exchange, for example, FTX.

Remember that @ftx_app (FTX APP, not FTX Exchange) supports FREE withdrawals to the Ethereum blockchain.

Big alpha, right there.
Read 12 tweets

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