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Entropy Advisors Profile picture
Entropy Advisors
@EntropyAdvisors
Accelerating DAO Development @arbitrum
Oct 27 • 11 tweets • 5 min read
One of the largest FinTechs in the world @RobinhoodApp is spending ETH to deploy stocks on @arbitrum, and you're bearish on Ethereum?

10k+ transactions, only ~$130 of fees.

Let's dive into the power of building on crypto rails.
(🔍/9) Image 1/ What are Robinhood Stock Tokens?

Stock Tokens are tokenized contracts that follow the price of their underlying asset, recorded on a blockchain. The benefits of stock tokens include:

• Expanding US stocks and ETFs to EU investors
• Only 0.1% FX fee on each order with no additional fees from Robinhood
• Start with just €1
• 24-hour market access from Monday to Friday
• Robinhood Stock Tokens are offered under MiFID II as derivatives. The underlying assets are held securely by a US-licensed institution.Image
Aug 26 • 14 tweets • 5 min read
We're launching a new dashboard: Arbitrum Network Overview!

Did you know @arbitrum:

- Has ~$20B TVS
- Generated $300M+ annualised Gross Protocol Fees
- Reached 2k+ Max TPS

Read on to see how to track all of Arbitrum's DeFi, Economic and Blockspace Activity metrics!

✍️ / 12 Image @Dune 1/ The first of three sections is Total Assets.

It provides a comprehensive overview of all assets on Arbitrum, monitoring key metrics such as TVS, TVL, available liquidity, and bridging flows. Image
Mar 6 • 14 tweets • 6 min read
Two years of decentralized decision-making, 69 proposals, $700M+ in allocated funds, and plenty more on the horizon!

A 🧵 on the governance of Arbitrum DAO: its design, subtle nuances, strategic evolution, and journey to becoming one of the largest DAOs in crypto. Arbitrum DAO Governance Proposals @Dune 1/ How does governance work in Arbitrum DAO?

It consists of 4 key stages:
🔹 Open Discussion: Initial community feedback.
🔹 Snapshot Vote: Temperature check on sentiment.
🔹 Onchain Voting: Delegates vote casting on Tally.
🔹 Implementation: Proposal execution. Arbitrum DAO's Governance Process
Mar 4 • 12 tweets • 5 min read
.@ethena_labs is now a top 5 DeFi protocol by TVL, earning $300M+ in revenue.

As a result, @wintermute_t's fee switch proposal has been approved by Ethena's Risk Committee.

Explore our 2 new dashboards for details on the fee switch and Ethena's financials:

🧵/10 Image 1/ Why is a fee switch needed?

Currently, 824M ENA ($324M) are staked, which represents 5.5% of the total ENA supply. However, stakers only receive point rewards from partnering protocols and unclaimed ENA airdrops and do not have direct exposure to the revenue generated by Ethena.

Aligning ENA holders enables the protocol to rely more on the DAO for governance decisions, leveraging the community to build for Ethena's future.Image
Dec 23, 2024 • 7 tweets • 2 min read
$114M USDC has left Hyperliquid Bridge. People fear it might be the next target for North Korean Hackers.

Here’s what we uncovered with our @Dune dashboard. Image 1/ The saga started when Security researcher Tay highlighted that addresses linked to the notorious North Korean hacker group have been interacting with Hyperliquid

Dec 16, 2024 • 6 tweets • 2 min read
🚨 Polygon may lose its Aave deployment following a proposal to rehypothecate bridged stables.

🧵 on the latest in governance wars. 1/
 Last week, @AllezLabs and @MorphoLabs made a proposal to polygon to take the >$1B in stables in the canonical bridge and deposit them into morpho for yield.

At current lending rates, that's ~$70M annually driven to the Polygon DAO. Image