bear wizard ( nakamoto )
Joined January 2022
- Tweets2.4K
- Following2.6K
- Followers287
- Likes22.9K
bear wizard retweeted
.@ethena has generated $292 million in revenue over the last year and was the 2nd fastest protocol ever to hit $100 million (252 days).
The protocol effectively monetizes the cash & carry trade between crypto and fiat markets.
Instead of monetizing the strategy for a hedge fund model, Ethena packages the output as a synthetic dollar, offering access to anyone in the world.
-----
We shared a banger of a memo on Ethena today with readers, covering the following:
1. The Product
2. The Business Model
3. Addressable Market
4. Token Economics
5. Fundamentals
6. The Team
7. The Investors
8. Competition
9. Risks
10. Fair Value (ENA is currently trading -.4 standard deviations from its historical average, per the MVRV Z-Score)
If you'd like to check out the latest research, see the link below ๐
Data: @tokenterminal
bear wizard retweeted
Big week for Web3 gaming! ๐ฎ
From major launches to exclusive events, here's what just went down ๐
@TOKYOBEAST_EN โ launching on Q2 2025
@TheTreeverse โ SEASON 1 launched
@RavenQuestGame โ at @gamescomlatam, visit their booth from May 1st - 4th to experience exclusive rewards and activities.
@BattleRiseGame โ early access is out, developed by @Triumph_Games
@EnginesOfFury โ final act of SEASON 1 open til' Apr 29 - May 4th
@somnis_world โ major updates on May 15
Big week for Web3 gaming! ๐ฎ
Did I miss anything? ๐
One thingโs clear, all of this is happening exclusively on Immutable.
The future of gaming is @Immutable.
bear wizard retweeted
Terraform Labs Crypto Loss Claims Portal is now live as of March 31, 2025. Creditors can file Eligible Crypto Loss Claims at claims.terra.money.
Deadline to file is April 30, 2025, at 11:59 p.m. ET. Claims submitted after this date will not be accepted.
For details, see medium.com/terra-money/terraโฆ
Terraform Labs Creditors: The Crypto Loss Claims Portal is scheduled to open for submission of Crypto Loss Claims on March 31, 2025. Creditors may file Eligible Crypto Loss Claims at claims.terra.money. The deadline to file is April 30, 2025 at 11:59 p.m. (prevailing Eastern Time).
To file a claim, register on claims.terra.money, provide proof of ownership (e.g., wallet address(es) and/or read-only API key(s)) or other required supporting documentation and submit your claim form. For assistance, contact Kroll Restructuring Administration at [email protected].
Claims filed after April 30, 2025 at 11:59 p.m. (prevailing Eastern Time) will not be accepted. Creditors are advised to review the Crypto Loss Claim Procedures on the portal to ensure compliance. Visit claims.terra.money for all details.
For more details, please refer to the Medium article published here: medium.com/@terra_admin/terrโฆ
bear wizard retweeted
TST got listed on Binance. A few thoughts:
1. CZ said โfundamentalsโ, then talks about a test coin turned meme coin.
I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral for whatever reason. ๐
2. Is CZ shifting away from fundamentals? No. I am a builder. I always focus on fundamentals.
3. Is CZ โintoโ meme coins now? It depends on your definition of โinto,โ I havenโt bought a single meme coin so far.
4. Then, is CZ against meme coins? No. Not โintoโ something doesnโt mean I am against it. I am not into sports cars; I donโt collect art; I havenโt bought any NFTs; I also havenโt bought most altcoins (I hold BTC and BNB). But I am not against any of the above. And I think most of youโd agree, that I have worked hard and "gone to some lengths" to help many altcoins and the crypto industry in general. I adopt the same view towards meme coins.
5. Why did TST get listed on Binance? I donโt know for sure. I am entirely NOT involved in their listing process. Based on historical experience, people always complain, โWhy do you list this but not the coin I hold?โ You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you donโt need to talk to exchanges. As I always say, work on your project, not the exchanges.
6. Why do people buy memes instead of utility tokens? I donโt know, but I will go on a limb and make a few speculations (pun intended).
6.1 During the last four years, a powerful regulatory agency sued almost anyone with any utility token, falsely claiming they are securities. So, people started to launch memes.
6.2 There are groups of traders known as speculators. Things with clear tangible value are harder to speculate on. They stay around the clear value. This is indeed a challenge for RWA. For example, a building whose value doesnโt fluctuate much may not have a lot of trading activity. Then, it wonโt have much liquidity, and the order book becomes thin, then even less trading activity, a vicious cycle.
6.3 Memes are fun, etc. Itโs a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Donโt go against the community.
7. Lastly, itโs clear there are lots of money ready to invest in the market. Lots of opportunities. You need to build things people want.
Happy building and happy memeing! And manage your risks. ๐ซก
bear wizard retweeted
Introducing PayFi by Conflux: Revolutionizing On-Chain Payments in Web3!
We envision a future where payments are instantaneous, programmable, and powered by blockchain technology. Our PayFi initiative aims to transform transactions, enhance the Time Value of Money (TVM), and optimize capital efficiency.
The Conflux Foundation is dedicating $500 million from the ecosystem fund to accelerate the growth of PayFi stack components.
Follow this thread to learn more about our PayFi vision! ๐งต
#Conflux #PayFi #fintech
bear wizard retweeted
๐ฃย Moonrise Points are now LIVE!
You might not be an Olympian, but you can still dive into the Moonbeam ecosystem through Moonrise Points. ๐
Join, swap, and collect points to climb the leaderboard.
Earn and Compete:
Moonrise Points isnโt just another campaign; itโs a way to engage with platforms, earn rewards, and showcase your prowess within the Moonbeam ecosystem.
๐ชย Participate in various activities to earn points and climb the leaderboard.
๐ย The top performers will receive rewards, including GLMR tokens and other exclusive benefits.
What can you do?
โชย Use @MoonwellDeFi to engage in decentralized lending and borrowing.
โชย @StellaSwap provides you with a platform for secure and seamless trading.
โชย Enhance your crypto returns through @beamswapioโs effective yield farming.
โชย Try @prime_protocol to transfer assets across blockchains with ease.
โชย @okutrade offers optimized yield farming to help improve your returns.
To participate, go through each Moonrise Points module and earn your points to get a higher spot on the leaderboard. The higher you climb the more likely something will be headed your way.
Visit the link below and start earning points as you make your way through Moonbeam's ecosystem. ๐
bear wizard retweeted
Revolutionizing #RWA agricultural financing with cutting-edge #DeFi solutions! Discover how we're bridging the global financing gap.๐
profound-caramel-53e94f.netlโฆ
bear wizard retweeted
๐ ANNOUNCEMENT ๐
Terraport v3 has been released!๐
๐terraport.finance
Towards a new era of building and growth in the #TerraClassic and #LUNC ecosystem.๐
bear wizard retweeted
Hey @SECGov @LFG_org @terra_money @fleece_cannon @Delphi_Digital care to explain to everyone how the Luna Foundation Guard assets which are owned by them not TFL and whose mission statement outline their purpose is for the defence of the USTC peg is now being used to pay the judgement against TFL. TFL have 0 claim over LFG assets as those assets were donations and cannot be clawed back. Using those funds in any manner that is in contradiction to the LFG mission statement is illegal is it not?
Neither $LUNC or $LUNA investors support the funds being used in this manner and wish for these funds to be put back under community control.
Digorgement of funds in the manner the @SECGov is proposing will only serve to harm investors/holders further. We've been screwed once, we dont need to be screwed twice. As a both a precrash and post crash investor, I don't want cents on the dollar, I want a chance of recovery and it's evident most holders feel the same. Currently recovery is feasible as theres enough assets in LFG to fully collaterlise USTC to market price.
#LUNC #LUNA #USTC $LUNC $LUNA $USTC #LUNCcommunity
#Crypto @binance @krakenfx @kucoin
If you feel the same keep tagging those mentioned above until we get a response. I will put up a governance vote during the week to signal to @LFG_org that we as a community do not support using those funds to pay the judgement and we want them returned/ control transferred back to the community.
bear wizard retweeted
Attention ๐งโ๐พ! Collect #RWA Commodity Yield on @arbitrum ๐พ
As of today you can swap your cTokens for USDC on @arbitrum via our dApp's Sell module โ no limits, no slippage, no tax!
Want your yield in kg of Corn ๐ฝ?
What are cTokens and how do you get them? ๐ค Dive in!๐
bear wizard retweeted
โผ๏ธโ ๏ธ ATTACK ON TERRA CLASSIC BLOCKCHAIN โ ๏ธโผ๏ธ
Dear #LunaClassic community, it is what it isโฆ
Yesterday there was an attack on the Terra Classic network. From the limited information we know, the principle of the attack was to create a large number of small spam #LUNC transactions in order to exploit the network of validators - and this was partly successful.
Approximately more than 30 validators were temporarily disabled as a result of this attack, with some validators remaining offline even now.
These outages were supposed to affect only validators that (due to saving the costs of running the validator) do not have a sufficiently high RAM capacity. Delegators who delegate to validators who are offline now do not receive staking rewards.
Our Luna Classic Labs validator was 100% resistant to this attack and we suffered no downtime or other damage. The hardware specification and performance of our server is sufficiently oversized. Of course, just to be safe, we took some extra security measures and did a few server reboots which caused a very short server unavailability.
It seems that even after the approval of KYC (for L1 developers), the issue of blockchain security is still very relevant and necessary. It seems that we should ask whether our validators from the active set are sufficiently competent and technically capable from the point of view of network security, and whether we can somehow improve the conditions of their existence. Or maybe we can create such technical measures at the level of transactions that prevent such attacks or significantly reduce their negative impact.
I personally will always support proposals that will increase the resistance, security and trustworthiness of the Terra Classic blockchain.
Finally, it is important to say that no one has lost or could lose any $LUNC or $USTC coins - your funds are 100% safe. The exception is not getting staking rewards for some validators who are in the "Offline" state.
Lesson learned: Safety first.
Mike
bear wizard retweeted
๐ก Crypto Basics
In 2024, the Ordinals market continues to flourish, with more projects coming in and price tags going up.
What causes the rise in Bitcoin Ordinals? Letโs take a look! ๐
๐ coinmarketcap.com/academy/arโฆ
bear wizard retweeted
๐๐จ ๐ญ๐ก๐ ๐๐๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ,
We sincerely apologize for the announced delisting of the $DREP from #Binance . We understand this news is frustrating especially since we put in 10000000000000% in our product developments and upcoming milestones.
In the meantime, we'd like to propose a ๐๐๐๐-๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ to help reduce token supply and potentially benefit holders in the long run:
๐๐ก๐ ๐๐ซ๐๐๐ญ $๐๐๐๐ ๐๐จ๐ค๐๐ง ๐๐ฎ๐ซ๐ง & ๐๐ข๐ซ๐๐ซ๐จ๐ฉ!
โญ๏ธ ๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ฎ๐ซ๐ง ๐๐,๐๐๐,๐๐๐ ๐ญ๐จ๐ค๐๐ง๐ฌ (~๐๐% ๐จ๐ ๐ญ๐จ๐ญ๐๐ฅ ๐ญ๐จ๐ค๐๐ง ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ) ๐ข๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ฉ๐ฉ๐ซ๐จ๐ฏ๐๐ฌ ๐๐ฒ ๐๐ฅ๐จ๐จ๐๐ข๐ง๐ ๐จ๐ฎ๐ซ ๐ฌ๐จ๐๐ข๐๐ฅ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ง๐ง๐ฒ ๐ฆ๐๐ฆ๐๐ฌ.
โญ๏ธ ๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ฅ๐ฌ๐จ #๐๐๐๐๐๐๐ ๐ญ๐ก๐ ๐ซ๐๐ฆ๐๐ข๐ง๐ข๐ง๐ ๐๐,๐๐๐,๐๐๐ ๐ญ๐จ๐ค๐๐ง๐ฌ ๐ญ๐จ ๐ฒ๐จ๐ฎ (~๐๐% ๐จ๐ ๐ญ๐จ๐ญ๐๐ฅ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ), ๐จ๐ฎ๐ซ $๐๐๐๐ ๐๐๐๐๐๐๐ - ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐ญ๐จ ๐๐จ๐ฆ๐.
Through working hard to have the monitoring tag removed, we learnt that the community should be our most important stakeholder and we should not bend backwards (or forward) for anyone who intends to hurt the interests of our community.
Of course, this is just a proposal, and we value your input. We'll be hosting a community AMA (Ask Me Anything) session soon to discuss the delisting, the burning and airdrops idea, and answer any questions you may have.
In the meantime, unleash your creativity and let the memes come.
๐๐จ๐จ๐ง ๐๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐ง๐๐จ๐ฆ๐ข๐ง๐ ,
The DREP Team
bear wizard retweeted
Follow me @0xReflection
I hope you found this research helpful
Smash a Like and RT for the 1st tweet, so you won't lose it
bear wizard retweeted
Introducing the official digital debut of the #Propchain Foundation, marking the first step towards a movement dedicated to digitally empowering the global real estate value chain, fueled by $PROPC.