brypto

I feel conflicted about the $VVV launch

On one hand, I stan Eric Vorhees. He is an OG who has done right by this space for years, and is genuinely one of the good guys

OTOH, this launch was poorly executed and not sure why Venice needs a token. Feels like opportunistic marketing, drafting off of DeepSeek attention

🚨 Insider Trading on Base 🚨

How a @VelodromeFi / @AerodromeFi contributor just banked $1M in 1 hour during the $VVV launch while we all watched like clowns. 🤡 (Thread) 🧵

Chadder

I feel conflicted about the $VVV launch

On one hand, I stan Eric Vorhees. He is an OG who has done right by this space for years, and is genuinely one of the good guys

OTOH, this launch was poorly executed and not sure why Venice needs a token. Feels like opportunistic marketing, drafting off of DeepSeek attention

https://x.com/chadderbiz/status/1884249907743318367

i doubt it was totally opportunistic. likely this was in the works for a while and also he sensed a good moment and pulled the trigger early (which is maybe why its a bit sloppy)

why token? when shapeshift got hit with SEC pressure, erik rebuilt it as a decentralized exchange so it could live on without compromising on his principles (eg no kyc). my read is that he learned his lesson then and is laying the groundwork for a similar move here.

True, my mistake -- should have said "not sure why Venice needs a token *right now*"

I think by dropping the utility token, he missed out on the greater possibility of a token. See point below about current meta only tolerating one token per issuer

https://warpcast.com/androidsixteen.eth/0xad855bd4

building /cabin, advising /clanker and /farcon | grin.io

I get all that, but the timing feels off

https://warpcast.com/androidsixteen.eth/0x7847f21d