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Nate Maddrey

@nmadd

282 Following
351 Followers


Nate Maddrey pfp
Nate Maddrey
@nmadd
I made a Dune dashboard to track @bankr metrics Bankr is a new ai agent built by @deployer for swapping tokens directly through your social feed Check out the dashboard and let me know what you think! https://dune.com/nmadd/bankr-metrics
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Nate Maddrey
@nmadd
Goosemas Bingo Night 2 start to finish https://youtu.be/ywRdYoGdaY8?si=X8oNl6I5DyqURWgu
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Nate Maddrey
@nmadd
it can't really be insolvent in the same way a centralized lender. AAVE's not holding the money directly, individuals are just locking their collateral into AAVE's contracts and then borrowing against that so I'd look at these liquidations as a lot of individuals were taking out relatively risky loans on AAVE, and got caught out when prices dropped unexpectedly low. basically over leveraged
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Nate Maddrey
@nmadd
AAVE had about $175M liquidated over the last 24 hours That’s the most in a single day since early August ’24, when ETH price dropped from ~$3k to $2.3K
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Nate Maddrey
@nmadd
make America ignorant again
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Nate Maddrey
@nmadd
I agree that being on time is key in life, but to be fair showing up at a shitty job is a little different than showing up for national team training
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Nate Maddrey
@nmadd
While all eyes have been on $TRUMP, @deployer has been cooking @bankr basically abstracts away the complexities of dealing with trading and DeFi interfaces, and lets you use natural language instead. Although the current version of Bankr is relatively simple, it’s on its way to becoming a fully functional cross-chain DeFi agent The upgraded version of Bankr is going to have a standalone terminal that lets you swap any token for another (the current version only supports trading WETH for tokens) and place limit orders, all using natural language. It will also have X integration in addition to Farcaster so you can trade through the feed Under the hood, Bankr is being upgraded to a multi-agent system, which means more chain and DeFi integrations in the future. SOL integration is planned with more likely to come $BNKR is in a good position for growth with new potential users from SOL and X integrations, and a big step forward in functionality https://dune.com/nmadd/bankr-metrics
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Nate Maddrey
@nmadd
Thanks! Yes I did
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Nate Maddrey
@nmadd
Looking at some trading volume trends for the 10 biggest @clanker tokens: Trading volume delta (buy volume minus sell volume) turned negative during the weekend liquidity crunch as traders rushed to buy $TRUMP. The dip wasn't too extreme historically though, reaching a low of -$1.2M on the 18th. It's also already swinging back positive, led by a strong bounce back from @bankr This implies that while some Clanker tokens were sold off to ape into $TRUMP, it appears to be a one-time shock and not necessarily a lasting trend going forward. But that being said, we could see similar one-time sell offs in the future for other large liquidity crunch events cc @clankerdata
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Nate Maddrey
@nmadd
I hope you’re right, I just don’t think a ponzi memecoin is the right vehicle for legitimizing crypto with regulators The silver lining is that regulators will finally hopefully start being way more permissive of crypto in general. But in all honestly we should have sensible regulation preventing this kind of stuff, which it doesn’t seem like we’ll get after this
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Nate Maddrey
@nmadd
That’s an optimistic way to look at it It seems like pure money extraction to me. Not sure how this makes a positive difference from a regulatory standpoint
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Nate Maddrey
@nmadd
lol how can you like a coin that is 80% unreleased supply owned by the team? doesn’t matter who launched it, a grift is a grift
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Nate Maddrey
@nmadd
Very weird timeline now. Obviously a huge catalyzing event for Solana but also inherently unstable 80% of supply is held by the team and not yet on the market. Similar tokenomics as the Hawk Tuah coin but with a slower unlock With that being said, Solana has clearly won the memecoin game. This will unleash a new wave of retail investors and celeb coins, but also bring many new grifts and scams My initial takeaways: - don’t ignore Solana, it’s where most retail investors are. We’re probably about to see more attention on crypto than ever. But proceed with caution - Keep betting on builders who are building real products. Attention will be sucked up by Trump in the short term which means there will be a lot of opportunities to double down on promising projects. Most of those are still on Base
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Nate Maddrey
@nmadd
The mempool is the place your transactions go after you submit them but before they're officially confirmed on the blockchain. So in other words when you send a tx and get a "transaction pending" message, your transaction is in the mempool Mempool stands for "memory pool" and it's basically just a temporary holding zone. Blockchains are peer to peer network, so when you send a tx it's messaged to all other nodes on the network and temporarily stored in the mempool. Miners or validators then pick txs out of the mempool and order them to form a block. Once a tx is confirmed in a block it's removed from the mempool Miners typically order the txs from highest to lowest fees and choose the txs with the highest fees (they're incentivized to do this since they keep the fees if they win the block), but could really order the txs any way they want This is where MEV comes into play. For certain DeFi txs validators can pocket a profit for themselves by ordering the txs in an unexpected way
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Nate Maddrey
@nmadd
I've won and lost some poker chips but I won't blame the hand https://youtu.be/U5NJeNNz_iY?si=dW1gH7ALlHV5RADb&t=35
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Nate Maddrey
@nmadd
should be back now
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Nate Maddrey
@nmadd
repeat of the 2017 ICO era grifts and vaporware hidden under layers of unnecessary complexity
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Nate Maddrey
@nmadd
https://warpcast.com/nmadd/0x554ac31b
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Nate Maddrey
@nmadd
Most indexes are weighted by market cap so if you want something similar to SPY you’d give BTC the biggest allocation, then ETH, etc. There have been a lot of crypto index funds created over the years, e.g. Bitwise 10 which tracks top 10 assets weighted by market cap https://bitwiseinvestments.com/crypto-funds/bitw Part of SPYs appeal though is it’s super liquid since it gets so much trading volume. And it truly gives good diversification of mostly good stocks. But beyond the top 3-5 you end up with a lot of shitcoins in crypto indexes. So personally I just hold the major crypto tokens and occasionally rebalance myself rather than invest in an ETF or index
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Nate Maddrey
@nmadd
What are your favorite video games? Are there any games that have inspired you while building Native?
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