Monad Cards Wave 2 is now live - as a reminder, Monad Cards is an initiative to give Crypto Twitter a token of appreciation.

Thank you to all of the members of Wave 1 who submitted your nominations - around ~4,000 members of Crypto Twitter are now eligible to claim their Monad Card.

Apologies in advance, but I am going to tag each member of CT who is eligible to claim a Monad card in a thread on this tweet. Claim your card now at cards.monad.xyz before it's too late!

Claims for all cards close in 8 days. Thank you. @_____jd____
@___sarahxz
@__hbb__
@__lindakris
@__tux
@_0xdave
@_0xkenny
@_between_names
@_borelien
@_brizal
@_cathyyoon
@_conormoore
@_cutbank
@_cyrilmathew
@_czepluch
@_daxiongya
@_devisha
@_drewpeach
@_dwasse
@_farks_
@_finessevanes
@_forab
@_haboye
@_hosty
@_ianchain

Community is everything.

In crypto, community is the X-factor. There are a few components of a community that I think are crucial towards putting any project in a position to succeed.

These aspects are: Culture, Interconnectedness and Loyalty.

On Culture:

While finance and money are an inherent part of the happenings of crypto, a community’s strength is measured by the wealth of personality, creativity, and talent. Anyone, regardless of their current wealth or level of CT fame, can have a massive impact on a community by being creative and thoughtful. And creativity itself takes many forms - from art and design, to writing, to coding, to just being weird and memorable. RayJ constructed deep lore. Lydicius became a notorious spammer. Purpleman became a plushie philanthropist. Happy wrote his candid thoughts. Skilly turned the discord purple. Hanriver created a distinctive style in Microsoft Paint.

On Interconnectedness:

The relationships between community members are the basis of a healthy and powerfully-positioned ecosystem. These relationships are more important than the relationships between a community member with any one team member. This creates a bottom-up approach that is more organic and sustainable for the long term.

On Loyalty:

The loyalty that one has to a community may be the defining characteristic of someone being a community member at all. These are people who are not only attached to the vision, but actively contribute towards advancing the project towards that end goal. These people will be there on good days and bad. These individuals are the heart and soul of your community.

Monad is fortunate to have a large group of people who are cultured, interconnected and loyal. These are the “Nads” as they call themselves.

As I reflect during the holiday season, I want to center in on one of these components that means the most to me: loyalty.

Loyalty is everything. While the Nads are loyal to Monad, I think it’s equally important that the team is loyal towards the community.

Let me take this opportunity to tell the Nads just how loyal I am to you. I work every single day for you. I fly around the world to meet as many of you as possible. I try to talk to as many of you online as I can. I wear the hats, I sing the karaoke, I eat the onions. I do all of this because I deeply appreciate each and every one of you. I have seen many of you grow tremendously, and I am so proud of what this community has evolved into. I am even more excited to see what is to come.

I will do everything in my power to make monad a success, but none of it matters without the Nads. Monad is nothing without YOU!

To express my loyalty, gratitude and appreciation for the Monad community, I want to list some of the Nads who make a real difference in the monad mission day in and day out...

(Let me apologize in advance as I will undoubtedly miss many loyal members.) 1. @_gvan: Top Nadtard in house of molandak, helped found the Vans
2. @0xGleader: Artist, leader of the Mouch Raiders, and has made so much original content for the nads
3. @0xGrimjow: Creator of Mouch and leader of Mouch Raiders
4. @0xSkilly: Skilly has accelerated the Monad ecosystem and made a significant impact. His sticker pack has been used 500,000 times in the OG telegram chat
5. @andalfthegreat: Building Spikynads and creator of Salmonad. He has made a significant impact from the early days on the Monad community
6. @berzanorg: Traveling around the world to meet the Nads, the definition of aura....his name is Berzan
7. @CosmaCloud: The cutest cat emoji's on monad and a founding mother of Monad Plushie HQ
8. @doctorpreballin: The one true OG nad Diss Track Hitman, recently ended JohnWRichKid's career
9. @Evoyudhasamael: Shares amazing memes and art that captures a lot of the growing Monad eco
10. @fed_febri: One of the original IndoNads, an amazing artist, and community leader
11. @G_Or_well_1984: one of the first owners of the esteemed MonHat, traveling around East Asia meeting Nads and experiencing life
12. @gizmoatmidnight: absolutely cooking with the Nads and recently created the idea of a Neurochog which would replace Neurolink and also Chog Thoughts
13. @Hagen_web3: Running hot in the discord, Nad and MonArtist as well as a pipeline intern. Hagen has organically built up his brand and engaged with many across Monad
14. @jumplifey9: King Loui's Intern. She is amazing.
15. @KinglouiEth: Top Nadtard in House of Molandak, helped build up the Purgeatory telegram chat, and bring a lot of energy into the community
16. @leemo_nn: a very wise father in the monad community and is very good with his hands. He sent a hand-crafted wooden sculpture to the Monad office!
17. @mikeinweb: Mike changed Monad Community history with his contributions and recently celebrated 2 years with Monad. He is a hall of famer
18. @mongdiny7: A true yapper at Monad, helping organize KoreaNads meetups, traveling around the world, connecting the community. A true Monad OG
19. @port_dev: Based dev and a huge part of growing the Monad community. Milady.
20. @SaddamWeb3: God of memes, has an incredible and original art style, one of the original Monad creators. Often (jokingly) beefing with JWRK
21. @xyeraphim: An amazing singer. Also goes by multiple names: Curtain, Centaur, Creatine, etc
22. @Andikur_x: Making amazing custom art in the Monad community for a long time, a Pipeline Intern, an artist at HaHa
23. @_Dreyville: Apart of the Monad cult and producing great content for the Pipeline in monad
24. @_Flasho_: long time member of the OG chat in Monad always posting great images of himself touching grass
25. @_kate_lv: saying gmonad frequently and a lover of both monad and bera
26. @_maomao_zw: dedicated to crypto and learning how to use After Effects to create highly detailed digital graphics. His skills are improving rapidly
27. @_omgnicklachey: building Quantico and actually has a plushie designed based on his pfp. Also an AI expert
28. @_qudouz: House of Molandak OG creme de la creme. Top memes, great presence on spaces. Vans OG.
29. @_Seven7777777: A software developer actively engaging with the Monad Community and also the local ChiNads
30. @_tolks: Writing right curve threads and articles. Been vibing in the community a long time
31. @_Uthmaan: host of Monadism and actively researching the ecosystem and all new projects being deployed
32. @0x_luffya: Shitposting and meeting Nads in the community around the globe, also contributing to growing the ChiNads community
33. @0x_PingPing: Frequently meeting Nads in person, a very kind person and great friend, on many side quests making art and shitposting
34. @0xAmne: Pipeline intern, apart of the Monad cult, and has a pinned thread from August with many of their creations and original works
35. @0xArich: Quantardio and has over 500 mutuals who are following Monad. A true cult member
36. @0xasnVn: making custom event schedules and banners for events in the community, a pipeline intern, and creative artist
37. @0xbaeksu: participated in the now 49 push up challenge with the Nads and owns a coveted Monad had received at token 2049 in SG
38. @0xBehnaZ1: Cooking great art, often featured in the Monad meme library, and apart of the Monad OG telegram chat
39. @0xbobaa: Meeting nads in person around the globe, drinking beer and playing football with the Nads
40. @0xCal1: has been yapping and getting involved in a significant way in the community. He has brought so much unique energy to the community, also a pipeline intern
41. @0xCapybaraXBT: frequently sharing memes and a great shitposter
42. @0xChine: Pipeline Intern and Moderator at HaHa app, as well as meeting Nads irl across the globe
43. @0xDanielx: on the community team at Kuru and a great shitposter/meme creator in the community
44. @0xDizzyLizzy: co-founding things and part entrepreneur, also collecting a list of the MonArtists for [redacted] reasons
45. @0xDrewww: Localnads, pipeline intern, and really active with Monad eco projects such as Pulse
46. @0xEastofEden: BD at Quantico, knows a good chicago style pizza
47. @0xFerbs: rocking a nice chog pfp, meeting with Nads irl, and shitposting full time from Indonesia
48. @0xfs7: Tuning in from Albania and shitposting with the Nads relentlessly
49. @0xh3xth: Helped foster ideas that led to many in person engagements in Thailand for the Nads meetup
50. @0xKatev: identifies as a MonCow and is rocking with the Nads in discord. Quantardio.

a hierarchy of metrics:
1. net profit (the E in P/E ratio)
2. gross profit (profit before OpEx aka salaries etc)
3. protocol revenue (portion that does or can accrue to tokenholders) net of incentives
4. revenue (protocol revenue + cost of revenue aka LP yield)
5. volume
6. TVL here is how analysis on protocols can be improved:

A1. be aware that 6/5/4 are easily gamed, and when making comparisons across protocols, endeavor to measure real protocol revenue net of incentives (3)

this might require looking at an unincentivized period or segment

Eth net supply growth does NOT mean the network's value accrual (i.e. fee burn minus outlays) is 'unprofitable' for tokenholders in aggregate

It just means it's 'unprofitable' (very slightly) for unstaked Eth holders

Quick thread to elaborate: Fee burn (post EIP-1559) is a value accrual method. Supply goes down + marketcap flat -> price goes up

Inflation from staking would seem like the opposite effect, but it's mostly not: 2/6

Lots of pessimism about crypto right now

Price reflexivity & overindexing on the present make us overly reactive both ways. Overly euphoric in good times, overly pessimistic now

We should reason out what's powerful about on-chain apps, predict the future & act accordingly 🔮 1/ I'm optimistic about crypto & extremely confident that decentralized computation will better everyday people's lives

💪

Why? Bc it allows devs to stack innovation, building up sophisticated apps from simple primitives & open APIs. Speed of innovation is what matters

2/