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Davide

@0xdavide

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Davide
@0xdavide
🪂Syncswap has announced major updates for December 2024, however this page making the rounds on Twitter is meaningless. Syncswap has not announced any tokenomics: this page has been online for more than 1 year. Maybe the TGE will finally arrive? Probable but it doesn't depend on this docs.
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Davide
@0xdavide
💀In 2140 we will have the last BTC halving. Will we live that long? Already in 2 halving we will have a clear decrease in the "block reward", schematically we will have: ❌Reduction of incentives for miners: with the decrease in block rewards, miners earn less BTC, making mining less profitable, especially if energy costs are high or the price of Bitcoin does not increase proportionally. ❌Centralization of mining: small miners could exit the market, leaving room only for large mining pools with lower operating costs. ❌Dependence on transaction fees: with the reduction of rewards, the system relies more on fees to incentivize miners, but if the volume of transactions or fees are not high enough, the security of the network could decrease. ❌Impact on network security: If fewer miners participate, the network could become more vulnerable to potential attacks (such as 51%). These risks could be mitigated by: ✅An increase in the price of Bitcoin. ✅Increased network usage.
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Davide
@0xdavide
🪂How many $Pengu did you receive? I should check other addresses but the site is crashing. Claim: https://claim.pudgypenguins.com/ Happy airdop to all! #PudgyPenguins #Pengu #Airdrop
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Davide
@0xdavide
🪂If you hold one of these tokens: -EIGEN (Eingenlayer) -ZK (Zksync) -POL (Matic) -STRK (Starknet) -SCR (Scroll) -TAIKO (Taiko) You may be eligible for Aligned airdrop (at least $50 holding in All Time Low). Staking, LP and lending platforms are excluded. Holding only. Project is legit but DYOR. Check: https://genesis.alignedfoundation.org/terms-conditions Total Supply: 10B. TGE Supply: 3B.
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Davide
@0xdavide
📈On ETH it looks like a "cup and handle" pattern: 🟩The Cup: the rounded curve that resembles the bottom of a cup, i.e. a phase of price consolidation, with a gradual decline followed by a rise towards the initial levels. 🟩The Handle: after the price has completed the cup, there is a phase of slight retracement or consolidation, which forms a sort of small "handle". This movement generally occurs below the resistance level formed during the cup. If the pattern is confirmed, the price breaks the resistance of the handle upwards, signaling a possible continuation of the bullish trend.
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Davide
@0xdavide
Many people get confused with BTC ATH and Bull Markets, citing random years. If you check the chart it is really linear and clean: 🟠Halving 2012 🟩Bull Market 2013 (ATH in November 2013) 🟥Bear Market 2014 🟡Laterality 2015 🟠Halving 2016 🟩Bull Market 2017 (ATH in December 2017 but final altseason in January 2018) 🟥Bear Market 2018 🟡Laterality 2019 🟠Halving 2020 🟩Bull Market 2021 (ATH in November 2021) 🟥Bear Market 2022 🟡Laterality 2023 🟠Halving 2024 [̲̅?]Bull Market 2025?
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Davide
@0xdavide
This situation will bring high demand for USDC, USDT and DAI but little supply so the APY will increase a lot. Basically they will become profitable like sUSDe. The advancement of the Bull Market could increase the funding rate enormously in turn increasing the APY on sUSDe. In summary, in case of a strong bull market we could have: 1) Increase in APY on USDC, USDT, DAI 2) Further increase in APY on sUSDe (due to funding rate) 3) Liquidity shift from exchanges (off chain) to DeFi (on chain) 4) Super leverage of sUSDe 5) More liquidations Ethena is attracting more and more liquidity also with external airdrops such as Derive and Ethereal (for sENA stakers). If you are exposed to Ethena (ENA and sUSDe), today the situation should be calm. However in Bear Market, the things could get really heated.
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Davide
@0xdavide
🏦Adding sUSDe (Ethena Internet Bond) on Aave could lead to new standards (APY) in the coming months. First you should consider that sUSDe by default brings a yield of about 30%. This yield comes from a DeltaNeutral strategy: 1) LONG: ETH liquid staking (spot) 2) SHORT: ETH futures (obtaining a Positive Funding Rate, essentially long positions pay shorts) So Ethena is not exposed to market volatility but earns from ETH staking and Positive Funding Rate (ETH short). Adding sUSDe on Aave will bring very high APY of USDC, USDT and DAI. Basically the degen market (long term) will follow this cycle: 1) Lend sUSDe (30% APY) 2) Borrow USDC or USDT or DAI (let's assume 8-10% borrow APY) 3) Sell USDC, USDT, DAI for sUSDe 4) Lend sUSDe 5) Borrow USDC or USDT or DAI 6) Repeat the cycle (loop)
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Davide
@0xdavide
📈A very interesting chart is this one of perps: heatmap provides a temporal analysis of the funding rate, potentially anticipate trend reversals or excesses in the market. ∎ Positive Funding Rate: long positions pay shorts (perpetual contract price is higher than the spot price). ∎ Negative Funding Rate: short positions pay longs (perpetual contract price is lower than the spot price). -Warm colors (🟡, 🟠, 🔴): long predominance ➡️ high risk of long liquidations. Positive funding rates suggest that long positions dominate the market, with a higher cost to keep them open. It is a sign of bullish sentiment, but a funding rate that is too high can signal an overheated market or close to a possible correction. -Cold colors (🟢, 🔵, 🟣): short predominance ➡️ indicate negative funding rates. In this scenario, short positions (sells) prevail, reflecting a bearish sentiment. Heatmap: https://www.coinglass.com/FundingRateHeatMap
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Davide
@0xdavide
🪂 How many $Odos did you receive? Check: https://app.odos.xyz/rewards I received about 47000 $Odos because I used it on more addresses. On main address about 14200 $Odos. If I'm not mistaken at TGE there will be 1.6B $Odos: 1) Retroactive rewards (1B) 2) Treasury (600M) #Odos #Airdrop
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Davide
@0xdavide
STAKE (DEPOSIT) Simple passive deposit, where you can receive income on: -USDC: 28% (you can deposit from layer2) -sDAI: 41% (you can deposit only from Ethereum mainnet) -sUSDe (Ethena): 56% (as above) -USD0++ (Usual Money): 100% (as above) Income is paid in stablecoins (Yield)+ $OP token. If you want to use it: https://polynomial.fi/r/N5LJEH
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Davide
@0xdavide
🪂Even though Polynomial (Perps Exchange) will not be the next Hyperliquid because Hyperliquid is unique, I think it could release a good airdrop (Optimism partnership). You have two ways to earn on Polynomial: 1) Trade (USDC margin to start a trade is at least $100) 2) Stake (deposit)You will receive separate points for both trades and stake. TRADE The interesting thing is the distribution of points: 1 million points daily (claim it within 7 days). It is a fair points system similar to Hyperliquid so you cannot trade by inflating points infinitely. You receive points proportionally to your volumes compared to those of other users (so it could be very convenient to start "early"). You also receive rewards in $OP, every week. If you want to trade: https://polynomial.fi/en/mainnet/trade/ETH-USD
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Davide
@0xdavide
A user or in any case an industrial farming entity has used 1350 wallets for MagicEden airdrop and received $ME 400,000 (currently worth ~$2,165 million).
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Davide
@0xdavide
✅eCash (XEC) is a cryptocurrency born from a rebranding of Bitcoin Cash ABC (fork), designed to offer a global electronic currency focused on privacy and microtransactions. eCash aims to improve scalability through technologies such as CashFusion, to ensure anonymity in transactions, and its minimum unit is 100 satoshi (XEC). eCash can also work offline using blind signatures, to ensure that transactions can be validated even in the absence of a connection. After offline transactions are completed, they can be synchronized with the blockchain once devices are connected to the internet.
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Davide
@0xdavide
₿ Is Bitcoin a payment solution or a store of value? I believe Bitcoin is primarily a store of value, although it can be used to transfer large amounts of money, without censorship. If you transfer more than 100k or 1M, network fees become irrelevant. Bitcoin has several offchain scalability solutions, including one offline. ✅Lightning Network is layer2 developed to solve the scalability limits of Bitcoin. It works by creating off-chain payment channels between users, allowing fast and low-cost transactions. This system allows numerous microtransactions to be made without weighing down the main blockchain, only recording the opening and closing of the channel on the Bitcoin blockchain, improving the overall efficiency of the network. Two users open a private channel, being able to carry out hundreds of thousands of transactions at low cost and with an excellent level of privacy (the transactions are offchain). There are also custodial solutions, such as Wallet Of Satoshi, which avoid opening channels.
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Davide
@0xdavide
Almost all of these companies have always reassured customers that the platform is in good health. In fact, Do Kwon, the founder of Terra, has always been “trash talking” about X. As you can see, all the companies affected, to avoid triggering further bank runs and capital outflows, have always reassured customers. The first lesson of this story is that you should never trust those who manage them (this also applies to real banks). FTX, then in November 2022, used the same strategy. Probably without Binance's FUD they would have filled the liquidity hole because the exchange had a profit (only from fees) of around 900M dollars. Again they tried to reassure customers, the exchange even (when the bank run was going on) showed a video of their new headquarters in the Bahamas. Of course as CZ says in his famous quote "4" do not fall for any attempt at FUD. You should always base your research on mathematical data because fake news are also used to manipulate markets and sink exchanges.
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Davide
@0xdavide
📚In 2022 there were many failures in the crypto world. Both decentralized (Terra) and centralized. Among the main ones we remember: -Luna/Ust (May 2022) -Three Arrows Capital (June 2022): connected to Ust and Anchor -Celsius (June 2022): connected to 3AC, Ust and Anchor -Voyager Digital (June 2022): connected to 3AC, Ust, Anchor and Celsius -BlockFi (November 2022): connected to 3AC, Ust and Anchor -Genesis (November 2022): connected to 3AC-FTX (November 2022): general contagion and different types of fraud Bankman-Fried stated that FTX had enough liquidity to satisfy 24 times the average daily withdrawals. Celsius used an internal stress scenario that assumed a 20% outflow of customer funds in response to price drops of 50%. BlockFi’s liquidity strategy aimed to hold 10% of customer funds in assets that can be liquidated immediately and 50% in assets that could be liquidated within 7 calendar days.
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Davide
@0xdavide
Imagine depositing 1 ETH ($4000) on F(x) and that fETH and xETH are worth $1 so in the initial situation I will have: ∎S1 --> 2000 fETH and 2000 xETH=$2000 + $2000=$4000 Imagine that ETH makes +50% ($6000) and that the Beta of fETH is 10%, I will have: ∎S2 --> 2000 fETH (in this case with a beta of 10%: I will have +5% increase, or 1/10 of the +50% of ETH volatility. fETH will go from 1$ to 1.05$=2100$) and 2000 xETH (I will have a +190% increase, or 1 xETH=1.95$ i.e. 3900$) The sum is always 1ETH (2100$+3900$=6000$) so the sum of the 2 components (derivatives) is respected. FXN instead is the Governance token that allows exposure to the protocol's earnings. Obviously it can perform well if the protocol increases TVL.
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Davide
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𝓕(🇽) Today's focus is on an experimental DeFi protocol called F(x) that runs 2 ETH derivatives: a low volatility one (a kind of stablecoin) and a leveraged ETH perp. FXN is the Governance token.What are they for? Basically, by choosing one of the two products you can expose yourself: 1) Lower volatility of ETH (fETH) 2) In 2x leverage (xETH) without the risk of being liquidated (it could only happen with a flash crash of ETH that goes almost to 0. The collateralization ratio should be at least 130%) Imagine ETH is split into 2 components: 1) fETH with Beta=10% (pegged 1/10 to ETH volatility): if ETH increases by +20%, fETH increases by +2%; if ETH makes a -10%, fETH makes -1%) 2) xETH in 2x leverage on ETH (represented by the formula "100% + 1- beta fETH": usually it is 190% if the beta is 10%. The liquidation risks are almost absent)
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Davide
@0xdavide
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