Davide

@0xdavide

201 Following

36 Followers

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🌓"Deploying more capital, steady lads". Is it true this time? Maybe. It will certainly be interesting to see how the distribution will happen because users have sold at different prices post-UST crash. Capitals for refund are estimated from 180 to 440 million. Obviously there will not be a 1:1 refund, absolutely impossible. The crash of $LUNA and $UST saw a collapse of over 100B. $LUNA exceeded $115 and had a market cap of over 100B, $UST of over 30B. Anchor Protocol shortly before the $UST depeg had a TVL of over 20B (about 90% of Terra) and had become the largest in DeFi (having also surpassed giants like Aave and Curve).

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Classic altcoin/memecoin investor/trader! 😂

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🐻 Would you like to use Berachain but you don't understand "Proof Of Liquidity"? This is a short survival guide because I already made a complete thread about Berachain in the past! ✅Main assets: $BERA=Gas Token. $BGT=Non-transferable Governance Token (it is farmed by LP but you cannot sell it on the market, however it is redeemable for $BERA 1:1; the redeem is irreversible and leads to $BGT burning). ✅Other versions: $wBERA=Wrapped BERA. $iBERA (Infrared BERA)=Liquid Token 1:1 with $BERA. $iBGT (Infrared BGT)=Liquid Staking Token 1:1 with $BGT ($iBGT can be bought/sold, unlike $BGT). ✅Stablecoin: $BYUSD (Paypal stablecoin $PYUSD). $USDC.E (bridged version of $USDC). $HONEY (backed by $BYUSD and $USDC). You provide liquidity (LP) and earn $BGT that you can stake for Governance/Bribes. $BGT in staking provides income in $HONEY (stablecoin) and other assets. If you use Infrared, you will farm $iBGT (which you can sell or transfer). Then there are other emissions based on the platform you use.

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🪂Quick recap on Airdrops announced or coming out in April. Use the comments if I forgot protocols they are releasing or that they have officially announced. 🔹Corn: TGE March 28th. 🔹KelpDAO (KernelDAO): added eligibility check. 🔹Ethena (season3): eligibility check coming soon. 🔹Kiloex: postponed to April. 🔹Zora: postponed to April. 🔹Gomble: address registration, should be out in April. 🔹Aligned: added eligibility check but TGE not known. 🔹Side: added eligibility check but TGE not known. 🔹Doodles: $DOOD token announced. 🔹Eclipse: $ES token announced. 🔹Hyperlane: created claim/foundation site. 🔹Rainbow (wallet): created claim/foundation site. 🔹Linea: postponed again to Q2. 🔹Stakestone: no official announcement but they added Journey/Footprints.

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📈Clearly many people are looking at key resistances to close the monthly well. BTC is in a descending channel (retracement, NOT Bear Market) and the ideal would be to recover the origin of the dump (about 94k). On the daily we should find the high at about 91k. Broadening the window instead (months), a very bullish indicator is the funding rate which has become negative. ❌Positive funding rate: "long" pay "short" to keep the position open. ✅Negative funding rate: "short" pay "long" to keep the position open. The negative funding rate (excess of short positions) indicates a potential upward reversal if the shorts are forced to close their positions. It is also a bottom indicator, however the consolidation/lateral phase can last 1-3 months before the price expands. It is not mathematical but is based on the past (trend).

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Finally, in recent years, it can be noted how there is a linear correlation (with a slight lag) between Hashrate and Price. Since 2022, Hashrate has increased by 170% per year. IF this correlation is maintained, it should settle by mid-2025 at around 980/1000 TH/s, with the price of BTC around 130k. I close by saying that I am not a BTC maximalist, otherwise I would not be in DeFi, I would not farm income+airdrop. However, my goal is precisely to farm to accumulate more BTC. I would like to see how ETH comes out of this cycle (if it will make new highs). Many times people confuse the functionality of a protocol with the price of its asset. Ethereum, speaking of DeFi, will always remain the best and most secure chain but it does not mean that ETH is a good long-term investment. We will be able to say this by seeing how it comes out of this cycle.

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🧈💻If you think it's too late to invest in BTC, you're wrong. The adoption rate of BTC is still very low and there is still huge potential for growth. Obviously it won't happen now or in 7 months, but it will take many years. It will be a progressive growth like it happened for the internet, social media, banking systems. Nowadays there are 18 states that officially hold BTC. Some because they mine, others for "direct purchases", others for seizures, donations or even thefts. This situation will inevitably spread to other states that will be led by the USA and China. No one will want to be left out. US Institutionals hold only 0.006%, increasing this exposure to 0.2% (global wealth) would result in a 36x increase (in reality, due to the "Supply Shock" effect, the increase would be much greater. In any case, we are talking about an investment of at least 249 billion dollars). Assuming a 50% market share in the "store of value" sector, the target would be around 225T dollars (global wealth is 900T).

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I close with an interesting thing: sometimes passion is rewarded! When I was trying to understand (between 2019 and 2020) how $AMPL works in non-custodial wallets, after about 1 year (2021) I was rewarded with a great airdrop ($FORTH given away to $AMPL holders). It was enough to hold about 8-9 $AMPL ($10) to receive about 7k airdrop! At the time, airdrops did not have points/quests and it was not possible to farm them (they were unpredictable). There were not even scaminfluencers on X/Telegram who shill garbage!

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The rebase happens once a day, adjusting the circulating supply of $AMPL in users' wallets proportionally to their holdings. Yeah, you got it, if you hold 1000 $AMPL...after the rebase you may see this number increase or decrease. You are holding a % of the total supply. If you hold 1%, the number of your $AMPL can increase or decrease based on the total supply. The functioning of $AMPL is very educational because thanks to it you understand fundamental concepts such as: 1) Inflation 2) Importance of supply Furthermore, you learn to think (in other contexts) in % which is fundamental when you have to evaluate the points in an airdrop. As I always say, it is not the number of points you hold or how many users there are that is important but the percentage of your deposit (or points) compared to those of other users! Learn to think in % and not with the mathematical number (without a reference it has no meaning), in the same way learn to think about market cap and not with the price!

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📈➖📉Not everyone knows that there are volatile stablecoins, for example Ampleforth ($AMPL). This stablecoin (Erc20) varies on average from $0.75 to $1.50 with peaks even at $3-4. However, the "rebase" (with oracles) that mint/burn supply brings the price back to around $1.20 (initially the target price was 1$). When the price is too high, supply is created (inflation), holders are incentivized to sell. When the price is too low, supply is burned (deflation) and people are incentivized to buy. The rebase of $AMPL occurs based on the average price of the asset compared to the target price, which was anchored to $1 in 2019, now 1.20$ (inflation). The rebase mechanism works as follows: ➕Positive rebase (Increase in supply): If the price of AMPL is above ~1.26 USD, the supply is increased to lower the price. ➖Negative Rebase (Decrease in Supply): If the price of AMPL is below ~1.14 USD, the supply is reduced to raise the price. 🟰No Rebase: If the price is between 1.26 USD and 1.14 USD.

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🔹 Horizontal Scaling: Implementation of solutions that allow horizontal scalability, improving the system's ability to handle an increasing number of transactions by distributing the load across multiple nodes. Super Adoption Stack: 1) SOON Stack: Modular infrastructure that allows the deployment and execution of an SVM-based Layer 2 on any underlying Layer 1, facilitating integration with different blockchains. 2) InterSOON: Cross-chain messaging protocol that ensures seamless interaction between different networks, enabling interoperability between SOON Mainnet, SOON Stack and other Layer 1.

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🔥Today, focus on Soon: Solana Optimistic Network! Soon is an SVM on Ethereum solution with an SDK that simplifies the development of dApps compatible with Solana but operating on Ethereum. It utilizes a modular environment that integrates the scalability of the Solana Virtual Machine with the security of the Ethereum blockchain. The SDK allows developers to build applications without worrying about differences between the two chains, improving interoperability and UX. Additionally, it could reduce dependence on Ethereum's high gas fees by leveraging the SVM's efficiency. Key Features: 🔹 Decoupled SVM: Separation of the Solana Virtual Machine (SVM) from the underlying consensus layer, enabling more efficient and scalable transaction processing, independent of the consensus layer. 🔹 Merklization: Organization of data into Merkle trees, facilitating secure and efficient verification of transactions and states through concise proofs.

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• 700 ETH transferred to “ndao.eth”. • 33 ETH sent to a mysterious “Grant Provider” address. His final message, attached to a 591.6 ETH transaction to WikiLeaks, stated: “Brain-computer chips have been militarily employed on a massive scale. All military powers are using base stations, radios, and brain-computer nanochips to control all citizens”. Lezhi also accused Kuande Investment (WizardQuant), a Shanghai-based hedge fund, of using brain-computer interfaces (BCIs) to manipulate employees. Lezhi left cryptic messages in which he said he believed he had been “brainwashed since childhood” and “robbed of autonomy” through a high-tech psychological warfare system.

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🧠On Feb 17, 2025, a person identified as Hu Lezhi transacted over 2,000 ETH, of which 603 ETH were burned (dead address). These transactions contain text messages in Chinese that refer to the use of “brain-machine weapons” and “brain-controlled organizations". Hu Lezhi argues that it is not a simple tool, but a mechanism of oppression designed to deprive humans and animals of their autonomy, turning them into digital slaves. According to him, people no longer choose freely, but are manipulated and directed by algorithms that shape their thoughts and desires. Lezhi’s onchain activity, which took place between Feb 10 and 17, 2025, includes: • 603 ETH were burned and sent to the 0x0dead address, permanently removing them from circulation (perhaps a symbolic protest?). • 711.5 ETH were donated to WikiLeaks, accompanied by messages alleging mass mind control via brain nanochips.

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📎Between 10k and 5k ⬆️: 🔹 Forth (EVM). 🔹 Paraswap (EVM). 🔹 Wormhole (Cross Chain). 🔹 Drift (Solana). 🔹 EVMos (Cosmos Ecosystem). 🔹 Starknet (Native). 🔹 Dymension (Cosmos Ecosystem). 🔹 LayerZero (Cross Chain). 🔹 Pyth Protocol (Cross Chain). 🔹 Optimism (EVM). 📎Between 5k and 1k⬆️: 🔹 Aevo (EVM). 🔹 Jupiter (Solana). 🔹 Stargaze (Cosmos Ecosystem). 🔹 Osmosis (Cosmos Ecosystem). 🔹 Luna (Cosmos Ecosystem). 🔹Across (Cross Chain). 🔹 Ethena (EVM). 🔹 Eigenlayer (EVM). 🔹 EtherFi (EVM). 🔹Fortis Oeconomia (Cosmos Ecosystem). 🔹Connext (Cross Chain). This is a mnemonic list, I might have forgotten some. Below 1k there are countless and it is useless to report them.

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🪂My Ranking Airdrops received! Since there are people who believe that airdrops are a waste of time, I will report the ranking of the largest airdrops I have received (from the first in DeFi: Uniswap in 2020). Clearly the equivalent in dollars is not the real gain I made because like everyone happens to sell too soon or too late. It is simply considered ATH based on the tokens I received in airdrop. 📎>100k ⬆️: 🔹 Hyperliquid (EVM). 📎Between 30k and 20k⬆️: 🔹 Zksync (EVM). 🔹 Ion (Cosmos Ecosystem). 🔹 Celestia (Cosmos Ecosystem). 🔹 Saga (Cosmos Ecosystem). This is complex to evaluate because you had to hold it to receive the next airdrops and you could never sell everything in ATH. The real value is quite lower considering that the 10 airdrops happened in the span of almost 1 year. 📎Between 19k and 15k⬆️: 🔹 Arbitrum (EVM). 🔹 Uniswap (EVM).

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