Praxis Research Profile picture
Leading On-chain Data, Analytics & Insights CEO of Strait Labs & Lysithea ventures
Mar 15 12 tweets 6 min read
Is @CreditSuisse safe?

1/12 Credit Suisse's #CDS premiums have soared to higher levels than during the 2008 financial crisis, fueling speculation of a crisis. Image 2/12 A credit default swap(CDS) premium is the rate at which an insurance policy guarantees the principal in the event of a default,
Mar 15 6 tweets 1 min read
Beginning of transition from Tradiional finance to Crypto?

1/ The recent closures of several US banks due to bank runs could be an opportunity for the crypto market. As traditional finance shows its weaknesses, crypto emerges as a strong alternative. 2/ These closures highlight the importance of having a diversified portfolio that includes crypto assets. With their rising popularity, crypto assets can provide a reliable investment opportunity.
Mar 15 5 tweets 4 min read
Major Banks Open to Serving Crypto Clients Despite Banking Failures

1/ Despite recent banking failures, major banks like Santander, HSBC, and Deutsche Bank are still open to serving crypto clients, according to a report by Digital Currency Group (DCG) 2/ The report highlights that some banks are now more willing to engage with the crypto industry due to increased demand from clients. Banks in Asia and the Middle East are said to be particularly friendly towards crypto.
Mar 14 5 tweets 6 min read
What is FEVM?

1/4 The #FEVM is an implementation of the #EVM on the #Filecoin network. It allows developers to port EVM-based smart contracts onto the #FVM, where they are called actors, and is compatible with #EVM development tools such as #Hardhat, #Brownie, and #Metamask. 2/4 The #FEVM is designed to allow existing smart contract developers familiar with the #EVM ecosystem to quickly begin porting their existing applications and writing new applications on top of the #FVM.
Mar 14 7 tweets 4 min read
New but outdated defi, ve(3,3) design

1/ Andre Cronje’s ve(3,3) design is a new #DeFi token economy that combines Olympus DAO’s (3,3) design with Curve’s voting escrow token (ve). What does it mean and why is it important? 2/ Olympus DAO’s (3,3) design encourages users to stake or bond their tokens instead of selling them. This creates positive feedback loops for the token price and the protocol treasury. Staking and bonding are both rewarded with more tokens.
Mar 13 7 tweets 5 min read
#SVB Bankruptcy and $USDC Unpegged Incident

1/7 #Circle, an issuer of $USDC, announced on Mar 10th that #SVB, where they held their funds, had gone bankrupt. This leaves $3.3B collateralized in $USDC locked up. Upon this news, $USDC plunged more than 10%. ImageImage 2/7: However, #Circle had previously disclosed the amount of reserve it held in $USDC, and currently, only 8.2%($3.3B out of $40B) was tied up in #SVB.
Mar 2 9 tweets 3 min read
Shibarium's Massive Rising Power, $SHIB

Shibarium Websie is now live!


The burn rate of $SHIB increased by 1700% in just one day on Feb 27 after Shibarium senior developer Shytoshi Kusama tweeted a link to the company's website.

#shibarium Image 2)

Shibarium is an L2 network that offers increased transaction speed and security at a lower cost for the $SHIB ecosystem ($SHIB, $LEASH & $BONE).

Players can own, purchase, and sell digital assets in games and the metaverse using Shibarium.
Feb 27 7 tweets 4 min read
Is #Base merely ordinary exchange chains for Coinbase?


The L2 project for Ethereum is one of the hottest topics right now. L2 projects started to emerge as a solution to overcome Ethereum's issue with its scalability limit and the high gas cost that resulted from it. Image 2)

With Ethereum's help, L2 has begun to steadily advance. The temporary Ethereum gas cost explosion is still present, but the current Tx of L2 is steadily increasing, reversing the average TPS, and demonstrating the outcome of sharing the burden of Ethereum's Tx processing. ImageImage
Dec 22, 2022 4 tweets 3 min read
1) DAO Maker is selling $DAO

1,200,000 $DAO was deposited to OKX from wallet 0x5857 on two transcations.

$DAO flows as below!

0x7bb4c (DAO Maker, 3rd holder) 👉 0x5857 (11th holder) 👉 OKX 👉 & Kucoin

(detail continues) 2)

0x5857 still has 4.4M $DAO ($4M) remaining even after depositing into OKX, making it the 11th holder overall.

0x5857 received $DAO from 0x7bb4c, currently holds 25.6M $DAO and ranks 3rd, which is DAO Maker

That is, DAO Maker deposited $DAO into OKX.
Dec 20, 2022 4 tweets 2 min read
1) $SHIB investment strategy

SHIB becomes one of the most watched crypto assets in Binance during 2022, next to Bitcoin and Ethereum! ImageImage 2) $SHIB On-Chain Data Analysis

- Daily new address increase: +1.27M/day
- Total address increase/decrease: +3M
- Increase/decrease of active users: +17k
- DEX daily trading volume: $2.2M
- Transaction: +41K (7 days)
- Burn rate: +224.69% Image
Dec 8, 2022 7 tweets 4 min read
1) Sushiswap short position strategy

Sushiswap Crisis

Sushiswap CEO, Jared Gray, recently mentioned deteriorating Sushiswap yields and the possibility of depleting the Treasury fund within 1.5 years. Accordingly, a governance proposal was proposed on Dec 6.

#Sushi #Sushiswap Image 2)

Approx 0.05% of Sushiswap transaction fee is being distributed to holders of xSUSHI (tokens for $SUSHI stakers) via Kanpai protocol, 10% of which is being allocated to the Sushiswap treasury.
Dec 7, 2022 7 tweets 3 min read
1) Short position of $ICP on the 11th day

- Open a short position at the Dissolving date 11th, close the position next day of D+1
- In case of market collapse, do not take any position
- Stop loss when momentum has been converted by the time of the closing price of D+1 Image 2)

Dfinity has successfully raised the 2nd largest capital. It has also raised the most non-frozen funds at $160 million to date. Image
Dec 5, 2022 4 tweets 2 min read
1) Catch the Buying Opportunity of StarkNet token!

Once one of the largest and best-known cryptocurrency hedge funds, 3AC collapsed in mid-June due to liquidity problems. The fund filed for Chapter 15 bankruptcy in New York on July 1.

#StarkNet #Starkware #3AC #TENEO Image 2) As a result, liquidation oversight advisory firm Teneo will control some of the assets of Three Arrows Capital (3AC).

3AC has invested a total of $125M in Starkware's Series B and C rounds.

Teneo controls $35.6M worth of fiat and Starkware tokens among 3AC assets.
Dec 2, 2022 23 tweets 6 min read
1) APE Staking, a ray of light in the bear market?

BAYC is the largest and strongest community in the NFT industry
Staking of $APE was announced, which was obtained through BAYC, the main project of Yuga Labs.
Pre-deposited on Dec 5, and staking on Dec 12.

#APE #BAYC #YUGA Image 2) We'd like to analyze the on-chain data and off-chain events of $APE, which is maintaining its price relatively soundly in the current overall downtrend, and discuss the response direction of market participants accordingly. Image
Dec 1, 2022 13 tweets 6 min read
1) LINK on-chain data & staking strategy
Showing the benefits of joining Chainlink Staking Early Access as well as chart analysis using on-chain data indicators offered by sentiment in light of the impending launch of the Chainlink Staking service.

#LINK #Staking #APE #INJ Image 2) ChainLink price forecast based on analysis of on-chain data

The price increases after large deposits, according to the exchange deposit volume indication. Two sizable exchange deposits have occurred, and the price has increased accordingly. Image
Nov 30, 2022 16 tweets 6 min read
1) Flow of FTX hacked funds

Approx, $662m crypto were lost from FTX's hot wallet after the company unexpectedly filed for bankruptcy in Nov.

#FTX #Hack #ETH #Chipmixer #Ren Image 2) Who is the hacker?

- Seizure by the Bahamian government?
- Solitary work by FTX Insiders?
- Organized criminal related to SBF?