capsaicin

@kbambridge

75 Following

53 Followers

capsaicin pfp

SPOT bootstrap 01/24/25 1. Total Yield: 70.4% 2. Expected Rebase: +2.98% 3. SPOT price still 2.1% above FMV So that means: 1. Total yield increasing despite more deposits 2. It’s going to keep increasing 3. SPOT hasn’t reached equilibrium price yet

0 reply

1 recast

1 reaction

capsaicin pfp

What are some ideas you are excited about for decentralized social? I feel like a 10x benefit is X but with algorithms as apps which allow users more choice in how their content gets curated.

1 reply

0 recast

1 reaction

capsaicin pfp

I want to use channels but the name I want is squatted and it seems like no recourse.

1 reply

0 recast

0 reaction

capsaicin pfp

Why? What are you mad about?

0 reply

0 recast

0 reaction

capsaicin pfp

Is Warpcast data not completely distributed on farcaster? Is this creating a moat?

2 replies

0 recast

0 reaction

capsaicin pfp

Can we get images uploaded for the pfp and banner? Trying to build the ampleforth community on farcaster but having this channel with no images is not ideal

0 reply

0 recast

0 reaction

capsaicin pfp

Someone created a channel for a community I’m in but didn’t set the images for it. Is there a process for adding a mod if you can’t get in contact with the owner so the images can be updated for the pfp and banner? There is no activity in the channel. It feels like squatting the name.

0 reply

0 recast

1 reaction

capsaicin pfp

Solana’s culture of high velocity has really pushed the space forward. I believe longer term decentralization is the endgame so my view is BTC and ETH in the long run will be the on top, but credit where credit is due. An era of utility is coming, with proper regulatory frameworks to open the gates for institutions. Will Solana still be their chain of choice to connect financial services? I think when security is desired ETH and BTC are likely more attractive. Thoughts?

0 reply

0 recast

0 reaction

capsaicin pfp

Operation Bootstrap update 01/22/25: 1. AMPL rewards: 44.5% 2. Uni v3 LP fees: 18%+ 3. AMPL expected rebase: 3%+ 4. SPOT price 2.1% above FMV Interpretation: 1. 44.5% APR that increases with rebase 2. 18% stable yield from trade volume 3. AMPL rewards increasing 4. Uni v3 pool asking for more USDC then SPOT What to expect in the coming days: 1. AMPL reward APR increase 2. Uni v3 stable yield increase as SPOT lowers to $1.39 (FMV) 3. Total AMPL rewards to 550k+ 4. Uni v3 pool balancing back toward 50:50 SPOT/USDC attracting more deposits

0 reply

1 recast

3 reactions

capsaicin pfp

Whoa that was crazy

0 reply

0 recast

1 reaction

capsaicin pfp

Yes we need to keep in mind that markets incentivize actions. It’s a good thing other’s bags are up, and it’s good that some are unhappy about it. If we want ETH to go up, build, use, and PROMOTE more apps on ETH. EIP-1559 means block space demand directly translates into ETH price.

0 reply

0 recast

2 reactions

capsaicin pfp

Markets incentivize actions. High gas fees cause scaling initiatives to come sooner.

0 reply

0 recast

0 reaction

capsaicin pfp

That is the beauty of EIP1559

0 reply

0 recast

0 reaction

capsaicin pfp

This is why competition should be embraced and the maxi attitude is detrimental. In the end it makes all the products stronger. Hayek said it best.

0 reply

0 recast

0 reaction