Ignas | DeFi

@ignas

180 Following

1853 Followers

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Hype, fartcoin does better Even $S hold well because of rewards in Sonic ecosystem

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Ignas | DeFi pfp

Fearful State of the Market & What's Next #6 • Bitcoin - Bear or Bull? • $ETH, oh ETH... • Productive crypto assets to check • Bad precedents in tokenomics • What's next for DAOs? Read it here: https://www.ignasdefi.com/p/fearful-state-of-the-market-and-whats

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Rate my all weather portfolio: 1. BTC 2. HYPE 3. FARTCOIN

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Based on engagement

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😻 I also love airdrops

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just tipped my favorite farcasters! thank you @rostyslavbortman.eth @jackten @petar @doggfather @monteluna @pelasti @kugusha.eth @ted and the rest for being here :)

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I am buying the dip :)

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I am printing more money than the Fed here @ted @rostyslavbortman.eth

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WHAT BEAR MARKET?

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Simple but revolutionary

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The old DAO model is in shambles: Last weekend, hitmonlee.eth paid 5 ETH (~$10k) on Lobby Finance to buy 19.3M ARB (~$6.5m) voting power. The ROI for the vote was ~ 66 $ETH in total for paying 5 ETH in voting power! Learn more on Elon Musk's X https://x.com/DefiIgnas/status/1909554283445387366

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Stole this from X Can relate.

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How crypto companies go bankrupt: Yesterday, I learned that Phaver social media app had closed operations with all socials gone. Token down 99% since TGE in September. I had high hopes for Phaver merging Lens and Farcaster ecosystems, with 35K DAU and 800k downloads. At peak, they had 50% of Lens traffic and 20% of Farcaster's. I asked their team member on what happened and three things stand out: 1. They messed up TGE & airdrop. It led to hours of portal failures, causing FUD as people couldn't claim immediately. 2. They overpaid for CEX listings: Paid more than $1m USD for 5 CEX listings. $SOCIAL still trading on Bybit, KuCoin, Gate etc. 3. Ex-employee said the team decided not to sell any tokens at TGE as FUD was already too high. This was a mistake as they were short on cash for operations. TL;DR – Phaver ran out of funds. As a Finnish company, it also had to pay employees during the 1–2 month notice period. All this despite raising $8m at $80M valuation from Polygon Ventures, Nomad Capital

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zkSync paid a lot to Lens lol

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As far as I know you already had the first block but data not migrated yet. It will happen soon

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The tariff that made me lol

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So Lens, might say Farcaster's only competitor, migrated to zkSync Farcaster launched Snapchain. I wonder who are smart enough to compare the two strategies? @dwr.eth @ted @v very curious to see your insight on their approach.

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Why tariffs should be bad for crypto? Doesn’t matter. We can still pump if we want.

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Amazing feature!

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Some things I am excited about in crypto. Shared it on X (Sorry) https://x.com/DefiIgnas/status/1907380993423761440

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