RWA leader @OndoFinance appear to scam its investors?

$10MM was raised, no transferable tokens and no official response

Investors have no ideas when will they get their money back.

I’m unpopular, so I need your help to retweet and help those people.

TLDR

Ondo raised 10M+ thru @CoinList token sales in May 2022, ~20000 people involved. Token vesting starts in June 2023 by the agreement.

Until now (Dec 2023), no token are transferrable and there is no exact official timetable for token unlocks.

Soft rugged?

Timeline:

• May 2022: CoinList Sale
• May 2023: Ondo start "unlocking" discussion
• June 2023: Most of investors wants to unlock the tokens but there's a "global lock-up"

No official follow-up since then

What's a global lock-up?

Officially, it allows the Ondo community to collectively decide when to unlock tokens.

Note: The Global Lock-up was mentioned in the sales information but surprised some people.

It’s basically not possible to pass Global lock-up by investors

You need 100M Ondo Token to create a proposal. That’s almost impossible.

Here's why 👇🏻

Retailers situation:

For general token sales on Coinlist, you can only purchase $500 (~9.1K Ondo tokens).

This means you need to find another 11,000 people (or equivalent token amount) to delegate their tokens to you in order to create the proposal.

For the proposals created by the admin, I have observed that the total votes right now are not even close to 100M.

The team also holds significant power. I believe that even if a proposal is created, it won't pass either.

Q: is Ondo Finance a legit RWA project?

100% yes and it’s collaborate with so many well-known name including @0xMantle, @Injective, @pendle_fi

They are trusted by many institutions. That's why I’m confused on their approach to their retailers investors.


https://twitter.com/pendle_fi/status/1694314286494200274

Token unlocking problem:

Different vesting usually comes with different prices.

In the Coinlist sale, vesting in option 2 will soon be all released.

Anyone who buys on option 2 buys at a higher price than option 1, but the tokens are still locked until now. It is not fair.


cont.

For those locked token, there are no staking options and other form of compensation.

Also I haven’t heard of any extra locking period extension for the seed round investor and the team.

It is purely unfair for all the Coinlist investors.

People have been having response from the team.

I’m asking @OndoFinance Team to give an official response ASAP, and not just let the investors wait for nothing.

Even if you're not an investor, please help spread this message:

Taking $10MM without any responsibility is unacceptable in the crypto space, especially if it's not a scam project.

We all have a responsibility to monitor and contribute to improving the industry.

Any comment, like, retweet are much appreciated. I hope to raise more awareness so the team will actually take care of the problem.

My fam, I need your helps:

@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@splinter0n
@wacy_time1
@twindoges
@0xAndrewMoh
@0xFinish
@CryptoNikyous
@0xShinChannn
@0xSalazar
@DeFi_Made_Here

My fam, I need your helps:

@Beacon_Early
@InspectorDefi
@jake_pahor
@Flowslikeosmo
@0xTindorr
@CryptoGirlNova
@Deebs_DeFi
@defiprincess_
@rektdiomedes
@DeRonin_
@DefiIgnas
@TheDeFinvestor
@francescoweb3
@blockscriber
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_
@zachxbt

Ondo Scamming its investors?

Thesis: Go BIG or Go HOME

Risk & Return of degen play is the BEST during stage 2 of bull market (now). Don't be lazy.

We've gathered a list of 16 projects with 10-100X potential on each of these narratives 👇🏻🧵

For RWA & GameFi picks, check out @DeRonin_  thread!

I will show you my LSDfi & AI picks ⚡️


https://twitter.com/DeRonin_/status/1732798634033320102

 ✨ LSDfi picks & its mcap:

• $MUBI: 82.8M
• $OATH: 5.1M
• $SPOOL: 15M
• $AQTIS: 21.9M

❯ @Multibit_Bridge ($MUBI)

Designed to enhance liquidity across Bitcoin and EVM networks. It aims to boost the Bitcoin ecosystem's growth by integrating BRC20 tokens.

Quite bullish with current BRC trend.


❯ @EthosReserve ($OATH)

Interest-free CDP protocols on Optimism. It can restake collateral and generate yield with minimal risk and provide some new investment strategies in a risk-controlled environment.


❯ @SpoolFi ($SPOOL)

Offering single-deposit investing, automatic portfolio balancing, and compounding to ensure optimal risk-adjusted yield.

It supports the creation of advanced DeFi portfolios with features like risk management and non-custodial Smart Vaults


❯ @AQTIS_IO ($AQTIS)

LSD with AI-backed quant technology. This include mean reversion, breakout strategy and some risk management strategy. Go check their docs if u are gigabrain.

Aiming a 12.5% yield generated to buybacks tokens. I love data so I like them.

✨ AI picks & its mcap:

• $MOZ: 5.8M
• $ARC: 42.7M
• $ROKO: 12.9M
• $â (not listed)

❯ @Mozaic_Fi ($MOZ)

Focused on yield optimization across protocols and utilizes AI to enhance yield farming efficiency, managing risks like yield decay & transaction errors.

Without VC funding → a community-centric approach 👀


❯ @DeFi_ARC ($ARC)

• ARC SwapsAI: cost-efficient DEX aggregator. It can audit tokens before purchases, providing users with insights of potential vulnerabilities.

• ARC Reactor: allows users to load any smart contract and view its code as visual diagrams → project auditing


❯ @aarnasays (â)

It's an AI autonomous alpha discovery protocol. Treat it as your DeFi asset manager, and if you think it can outperform your own performance, you can try their paid services.

â tokens: not listed yet, but there is a high chance for airdrops.

❯ @RokoNetwork ($ROKO)

Focus on reality augmentation and self-organizing machine networks. It is a modular architecture and incorporating different protocols for tasks, including:

 Celestia, Bittensor, Ethereum, etc

https://twitter.com/RokoNetwork/status/1639064702687870977

16 projects with 10-100X potential 👀
@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@splinter0n
@wacy_time1
@twindoges
@0xAndrewMoh
@0xFinish
@CryptoNikyous
@0xShinChannn
@0xSalazar
@gem_insider

16 projects with 10-100X potential 👀
@Beacon_Early
@InspectorDefi
@jake_pahor
@Flowslikeosmo
@0xTindorr
@CryptoGirlNova
@Deebs_DeFi
@defiprincess_
@rektdiomedes
@DeRonin_
@DefiIgnas
@TheDeFinvestor
@francescoweb3
@blockscriber
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_

Small Cap Ape

Buying random GameFi coin and 100x only happens in your dream.

Don’t be stupid. Your profit comes from someone loss.

Here’s a better approach to chips in GameFi narrative.  0/18 🧵

(with my personal thought on this gamefi cycle 💭)

Let me first ask you:

“What is the possible driving force of GameFi and how it gonna impact your investment?”

Don't tell me "Foxi shilling" 💀

What’s the good GameFi tokens?

I’m surely can give you a list and farm engagement, but:

“What’s your exit strategy & position?” ← 100x more important than which projects u should buy

Possible narrative driving force:

1️⃣ Blockchain Tech: Full on-chain game (FOCG)
2️⃣ Capital-driven: VC-backed game
3️⃣ Economy: recession?

Different approach = different investing strategy 👇🏻 let find out

Approach 1: FOCG is the future

Mindset 💭

You believe in decentralization and you think “fully-on-chain” will bring a new wave of narratives to achieve mass adoption

What u can do:

• invest in FOCG coins
• keep track on gamefi-infra coins
• see when #FOCG go viral in twitter and start taking profit
• focus more on SocialFi

Approach 2: VC-backed games

Mindset 💭

AAA games are known for their extensive marketing and reputation of VC backing. They are good speculative products, and most people play them for "money".

What u can do:

• recognize it’s a ponzi
• set strict stop-loss cuz it’s a price speculation
• learn from last GameFi cycle → be aware of death spiral
• x-to-earn have different way to make money, research on that

Approach 3: Recession?

Mindset 💭

The gaming industry has often shown resilience or even growth during economic downturns cuz it is an affordable form of entertainment and escapism.

So, the rise of GameFi = last bull run signal?

What u can do:

• chips in GameFi tokens, reduce other crypto assets
• rebalance your portfolio
• avoid small caps → higher risk of rug pulls
• mine tokens instead of buying

What do I think about GameFi?

Same approach of buying memecoins.

No faith, get back your principle as soon as possible and let the coin run. Set tight stop losses.

Not easy to earn huge profit right now.

Everyone learn from the last cycle. GameFi now is not about old players exploiting new ones but about project teams fencing with the savvy players.

PVP again, are you confident enough?

It’s hard to have a fun game in web3

Imagine you receive your monthly wages before you start working, will you still be highly devoted in your work?

that’s the situation in web3 gaming.

Bottom line:

I’m not saying GameFi cannot bring you wealth.

I’m saying the current landscape of GameFi is not something we can call it an “industry improvement”.

Now, you can check out some great list once again, Good Luck 🤞

https://twitter.com/wacy_time1/status/1728104634911453327

To avoid sketchy options, make sure to follow a reliable list.

https://twitter.com/0xAndrewMoh/status/1728373465458311630

I briefly looked at it, pretty solid pick.

https://twitter.com/crypthoem/status/1726693100293374269

These games seem a bit funnier.

https://twitter.com/0x_gremlin/status/1728787070813122697

If you are $AVAX lover and bullish on alt-L1 narratives, check out this:

https://twitter.com/arndxt_xo/status/1729458664552218991

Better approach to buy GameFi

@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@Hercules_Defi
@poopmandefi
@2lambro
@crypto_linn
@splinter0n
@wacy_time1
@twindoges
@0xAndrewMoh
@0xFinish
@CryptoNikyous
@0xSalazar
@0x_gremlin
@crypthoem
@blockscriber
@0xMughal

Better approach to buy GameFi

@Beacon_Early
@InspectorDefi
@jake_pahor
@0xTindorr
@Deebs_DeFi
@defiprincess_
@rektdiomedes
@DeRonin_
@DefiIgnas
@TheDeFinvestor
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_
@0xJok9r
@CryptoStreamHub
@ardizor
@DeFi_Made_Here
@TheDeFISaint

Right Approach to GameFi

It doesn’t take much work to earn money, cuz I did the work for you.

Blast may give you excitement, but $FXS brings lasting wealth.

In just 5 months, you'll be grateful you read this thread today.

Why & What's the best time to buy FXS? 0/14🧵

TLDR

I think Nov/Dec will be the best month to buy $FXS (you can patiently wait for a market dip).

Expected holding period is less than half year. Risk-reward ratio could be 8. Check my strategy at 🧵13

Best Timing + Great Asset, why? 👇🏻

Catalyst 1️⃣: FXS Halving

I'm sure you know what BTC halving is and its impact on the price. The same logic applies to FXS.

✨ Supply shock, demand remains or increases → price surge

Halving on Dec20th

Remember the supply effect takes time to show in the price. History proves that the price pulled 3-4x after halving.

safe bet will be "exit" after 2x

You may ask:

"What if the demand for FXS decreases and its token price won't be affected by the halving?"

So let's analyze the other catalysts for pushing FXS demand.

Catalyst 2️⃣: Frax v3 updates

• v1 - algo stablecoin
• v2 - better algo to generate profit from collateral

• v3 - Entered the RWA narratives, users can earn RWA treasury bond profits through $FRAX

What's so attractive?

Frax will try to maintain the lowest APY closely aligned with the Federal Reserve's reserve interest rate (IORB rate), currently 5.4%, as indicated by the oracle

Why does it drive the demand?

Do you know that fiat currencies cannot redeem any specific financial assets?

That's the same for $FRAX in v3. They're focusing more on maintaining a stable value rather than offering asset redemption.

So, $FRAX pegging is maintained 100% through AMO + RWA + Governance.

This dual nature ensures stability comparable to tangible assets and helps to protect the price of $FXS

✨ potentially lead to a increase in FXS price

Catalyst 3️⃣: Fraxchain

Fraxchain is a hybrid Layer 2 that combines the benefits of ZK and optimistic rollups.

frxETH = gas token → Gas fees will be distributed to veFXS holders, adding value for FXS holders.

Decentralized sequencers

Sequencers will be chosen through governance voting by $FXS holders, promoting community control over central authority.

✨ enhancing the utility of $FXS

How Fraxchain steps into bullish narratives:

🔸 LSD: practical demand for frxETH
🔸 RWA: risk-free 5.4% yield
🔸 Account Abstraction (AA): used it
🔸 Sequencer: layer 2 revenue share with users (eg, @Blast_L2)

Wen Launch?

Fraxchain is expected to launch by the end of 2023, or latest Q1 2024.

with the halving of $FXS, I personally think it can be one of the best investments in December 2023.

Finally, some TA:

• my accumulation range: $5.2 - $6.3 (gonna buy more in next dips)
• target Price: $21 - $29 (heavily depends on market-wide)
• stop loss: $4.5

NFA, just sharing my own decision.

Bottom Line:

I'm more comfortable holding FXS because I bought it a while ago. The average cost of your position will heavily influence your investment decision.

So, please DYOR and maintain good risk management hygiene.

The Best time to ape in FXS?
@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@splinter0n
@wacy_time1
@twindoges
@0xAndrewMoh
@0xFinish
@CryptoNikyous
@0xShinChannn
@0xSalazar
@gem_insider

The Best time to ape in FXS?
@defi_naly
@Beacon_Early
@InspectorDefi
@jake_pahor
@0xTindorr
@Deebs_DeFi
@defiprincess_
@rektdiomedes
@DeRonin_
@DefiIgnas
@TheDeFinvestor
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_
@lemiscate
@0xJok9r
@CryptoStreamHub
@ardizor

Thesis on buying $FXS

Sorry, but I don’t like Radiant Capital.

As an unpopular threader, I feel more relaxed to speak out

4 reasons that $RDNT is not an ideal lending protocol & what’s better options. 0/15 🧵

I might be blacklisted by RDNT lovers, so I hope you read it.

In the past, I share @Loki_Zeng analysis on RDNT’s hidden issues.

I’ll briefly cover again first, or you can read my old thread at profile highlights.

Jump to 8/15 🧵 if you’ve read it.

Problem 1: Inflated TVL

RDNT's high TVL growth is largely due to leverage incentives that enable circular lending arbitrage

Most "borrowers" are just arbitrageurs recycling funds

Problem 2: Overstated returns

• high APY does not reflect actual returns after accounting for leverage and borrowing costs.

• yields are much lower if you factor in DLP requirements and vesting.

• from the graph, we estimate that with 4x leverage, real APY is only 14.76%

What’s more?

you must hold 20% of deposit in locked DLP.

USDC interest paid immediately, while RDNT mining rewards vest → If RDNT price drops 44.75% from current price, Loss = costs + IL

Problem 3: You are the yield itself

• RDNT extracts most of the value from borrow fees instead of rewarding depositors.

• Only 23.7% of borrow fees paid to depositors and RDNT takes 72.3% of fees as protocol revenue.

so what does it mean?

1. Foxi mines RDNT
2. RDNT mines my $USDC
3. DLP mines RDNT's $USDC
4. Foxi mines DLP

"I mine myself" will be true if the borrow & DLP amounts are equal.

Problem 4: Death Spiral

To be fair, a death spiral may occur in any mining DEX. For RDNT:

1. Less attractive APR
2. Decreasing lending would result in decreased DLP returns
3. Feedback loop crashing the price and mining rewards

However, I don't think it will happen now.

What’s my current thought?

still, Radiant’s interest rate is really high + encourage loop borrowing

Radiant is really making money (sell their $RDNT) from the fees they charge you for these loans.

Fundamental Problem does not change.

People are both putting in money and borrowing it themselves, all for Radiant's token rewards.

This creates a kind of shaky situation where there aren't real customers using the loans like in a normal lending protocol.


Even though Radiant has the dLP system to slow down the token price drop. BUT, it only works in short-term.

Unless Radiant changes its ways to more standard business practices, they could be heading for trouble.

What’s better options?

1️⃣ Aave: current deposit and loan activities are completely organic and not reliant on a Ponzi-like structure supported by liquidity mining

2️⃣ Compound

Compound continues to offer $COMP token as an incentives for deposit and borrowing

They might be making a loss, but at least you are getting money from them

3️⃣ Morpho (my fav.)

It is a peer-to-peer layer built on top of Aave & Compound.

Morpho improves the mismatch of funds in pool-based lending protocols to optimize the interest rate.

see the "P2P APY"

Mechanism ELI5

• Most people lend their money, but not many borrow → inefficiently

• Lender share the interest paid by the few borrowers → lenders earn less & borrowers pay more ☹️

• Morpho is a dating app, matching lenders and borrowers directly

• Better rates!

Why do I like them?

The worst interest rate you can get is the rate from aave & compound. More often, you can get a better rate from their matching system.

also, Aave and Compound are the safe platform that I trust.

do you guys like Radiant Capital?
@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@0xSalazar
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@splinter0n
@Moonshot211
@wacy_time1
@Slappjakke
@twindoges
@0xAndrewMoh
@0xFinish
@Moomsxxx

do you guys like Radiant Capital?
@Beacon_Early
@InspectorDefi
@jake_pahor
@Flowslikeosmo
@0xTindorr
@CryptoGirlNova
@Deebs_DeFi
@defiprincess_
@rektdiomedes
@DeRonin_
@DefiIgnas
@TheDeFinvestor
@francescoweb3
@blockscriber
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_

I don't like $RDNT

You will never get ahead of others, if you follows majority

Missing $SOL is fine. When most KOL are calling it, you’re not gonna earn big.

That’s why I’m introducing EigenLayer Ecosystem to you, very few mentions.

Alpha Inside, DYOR and be success. 0/15 🧵

Thesis (plz bookmark it)

People often only understand DeFi, but not infrastructure - the fundamental revenue generator.

Hey, do you know $ETH is also an infra?

Invest in Infra may not be familiar, so do you want to be majority again?

What’s EigenLayer

EigenLayer allows users to stake the same ETH on both Ethereum and on other protocols, securing all of these networks simultaneously

But you are exposed to more risk → higher staking rewards

There are three restaking options:

Most people do option 3, the LST stakers can restake to receive more rewards.

• Yield from LST token + dApps who uses the services


Eigen-related narrative & my top picks 👇🏻

1.  Decentralized sequencer
2.  Data Availability (DA)
3.  Finality / Rollups-as-a-Service (RaaS)
4.  Risk Mitigation
5.  Bridges
6.  DeFi

Decentralized sequencer: @EspressoSys

Espresso creates a shared sequencer for decentralized, interoperable, and scalable data availability layers for rollups.

• Eigen optimizes Espresso node usage, improves capital efficiency through re-staking.

Data Availability: @CeloOrg

Celo is migrating from an independent EVM-compatible L1 chain to Ethereum L2, to achieve trustless liquidity sharing & decentralized sequencing with Ethereum.

• Eigen provides them the data availability.

Data Availability: @0xMantle

For Mantle, please refer to my previous thread

https://twitter.com/Foxi_xyz/status/1684881508593766400

RaaS: @alt_layer

AltLayer provides flash rollups with extremely low cost scaling for execution.

Developers can spin up a rollup specific to their app using an SDK or dashboard, without needing to find nodes to run the rollup

• Eigen provide validating services

Risk Mitigation: @DroseraNetwork

A set of smart contracts that mitigate consensus layer ETH validator hacking attacks and provide 24/7 monitoring and event response capabilities.

Bridges: @PolyhedraZK

Polyhedra is developing zkBridge to enable trustless and efficient cross-chain interoperability through parallel and distributed computation.

• Eigen reduces L1 verification costs across EVM compatible chains

Bridges: @Hyperlane_xyz

Hyperlane supports asset bridging, remote smart contract interaction, and multi-chain application architectures.

• collaborates with Eigen on a cross-chain security module

DeFi: @puffer_finance

Puffer introduce nLRTs (pufETH) - native liquid restaking tokens:

Node operators and liquid stakers can earn from both PoS validation and AVS rewards

DeFi: @AstridFinance

Users deposit LSTs into Astrid Finance and receive rstETH or rrETH (LRTs) in return.

These tokens are then staked into EigenLayer and allocated to node operators by the Astrid DAO. Earned rewards auto-compound.

DeFi: @RioRestaking

Rio Network provide risk management of total ETH yields without sacrificing liquidity - balancing re-staking risk, re-staking income and base ETH liquidity.

No testnet has been launched yet.

What you should do?

• make a twitter list add all the protocol
• constantly check their updates
• This is your early planning for 2024 Q1

EigenLayer - your next money printer?

@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@0xSalazar
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@splinter0n
@Moonshot211
@wacy_time1
@Slappjakke
@twindoges
@0xAndrewMoh
@0xFinish
@Moomsxxx

EigenLayer - your next money printer?

@Beacon_Early
@InspectorDefi
@jake_pahor
@Flowslikeosmo
@0xTindorr
@CryptoGirlNova
@Deebs_DeFi
@zucl1ck
@rektdiomedes
@OlimpioCrypto
@DefiIgnas
@TheDeFinvestor
@francescoweb3
@blockscriber
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_

EigenLayer Ecosystem Overview

$LINK, top-quality asset that stands out from the rest.

I had a full-breakdown of my investment logic. 0/23 🧵

But You never gonna earn without risk exposure & understanding.

So Read It, and make decision.

Important:

Jump to "$LINK Catalysts" at 15/23 🧵,

if you just want to boost your confidence to invest in LINK.

🔸TLDR: Chainlink Importance

Think of an oracle as an API; it serves to transmit data.

Chainlink's goal is to bridge the gap between blockchain and real-world data sources, ensuring reliable data input for smart contracts.


Think of its Decentralized Oracle Network as Layer 2 rollup:

• outsourcing execution operations
• transmitting the status to the chain (in batch)

Pros: processing blockchain data more efficiently

🔸Mechanism: Staking

First, why do we need to stake? It's different from a normal PoS system.

Oracles need to fetch data from external sources, and differences in sources, timing, or other factors might result in varying data.


Normal PoS: if there are bad validators, the internal encryption and verification rules can prevent them from generating invalid blocks

This rule is not applicable to oracle nodes, so a staking mechanism to deter bad behavior is even more important.


Solution: Super-Linear Staking

This raise the cost of an attack. The bribe would need grows faster than the total deposits of all Oracle nodes to effectively attack the network.

🔸Mechanism: Future Fee Opportunity

It refers to the potential revenue earned by oracle nodes through participating in the Chainlink Network and maintaining positive performance and reputation


Yes, there is a diminishing return for security.

However, honest nodes can earn more fee incentives from users. If there any bad actors damaging the platform's development, which would decrease the potential future income (FFO)

🔸$LINK Utility

The token itself is the payment currency for node service providers within the ecosystem. It has no other utility.

Now, let's dive into 2.0 tokenomics 👇🏻🔵

🔹New Staking Model

New token cap will be 45M, with only community members and node operators allowed to stake.

Effective yield for for community stakers is 4.75%.

🔹Dynamic Rewards

• v1 → has a fixed reward rate
• v2 → variable reward rate based on how full the pool is and the amount of rewards made available per unit of time


Rewards are also linked to a reputation system. Nodes with good reputations can earn higher incentives based on:

• the amount of LINK
• participation rate

🔹Reduced Payment Friction

(1) New projects can use their native token, around 3-7%, in exchange for oracle services.

(2) Payment Abstraction: can convert various assets into $LINK rewards accurately for node operators


Even though the hard demand for $LINK decrease, user payment friction is also reduced by introducing new payment method.

• better ecosystem adoption


Now you have a brief overview of Chainlink tokenomics and the provided services.

Take a look at the Catalysts 👇🏻🔴

🔻Recent Performance & TA

From the weekly chart: Super standard breakthrough of a large cycle trend retracement pattern.

Remark: I hold Spots only, and expected holding time ~1 year.

🔻RWA Narrative: Info Processing

RWAs need more than just a token representation; they need to include all relevant information for banks and protocols for:

• settlement requirements
• daily net asset value, etc


Having brought over 10.8 billion data points on-chain, Chainlink is the industry standard for enriching RWAs with off-chain data.

I'm telling you, this is a new market for Trust-Minimized Apps.

🔻RWA Narrative: Cross-chain Interoperability

Different blockchains are complicated for web2 bankers.

CCIP offers institutions a single integration gateway to connect backend infrastructure to blockchain networks

https://twitter.com/poopmandefi/status/1686344198277283840


CCIP meets capital market security standards and has been used by Swift and ANZ for cross-chain tokenized asset settlement

• allows RWAs to move seamlessly between blockchains

🔻Potential Market: Web2

Chainlink offers proven use cases beyond just price feeds, including verifiable randomness and off-chain computations via Keepers.

These expanded capabilities allow more Web2 use cases like gaming and auditing.

🔻Potential Market: Web3

Chainlink established good relationships with a majority of Web3 public chains and leading DeFi projects (check the diagram)

These collaborations undeniably solidify its industry position. Web3 grow, Chainlink must grow.

🔥 Conclusion

Tokenomics created new demand scenarios to $LINK.

Chainlink as a leader in oracle services, its hybrid smart contracts, combining on-chain code with crucial off-chain computations could be widely adopted if:

“web3 adoption” happens.

Why LINK is a top-quality asset
@arndxt_xo
@stacy_muur
@CryptoGideon_
@Moomsxxx
@ViktorDefi
@0xSalazar
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@splinter0n
@Moonshot211
@wacy_time1
@Slappjakke
@twindoges
@0xAndrewMoh
@0xFinish
@Moomsxxx

Why LINK is a top-quality asset
@Beacon_Early
@InspectorDefi
@jake_pahor
@Flowslikeosmo
@0xTindorr
@CryptoGirlNova
@Deebs_DeFi
@zucl1ck
@rektdiomedes
@OlimpioCrypto
@DefiIgnas
@TheDeFinvestor
@francescoweb3
@blockscriber
@wist_defi
@My_SexyLife
@DeFiVoyager_X
@CryptoShiro_


Thesis on buying $LINK

Bitcoin volatility hits historic low — your chance to cash in:

History shows a low volatility come with huge price movements.

Don't just guess the direction, there's a better way to boost your profit potential.

Tutorial 0/10 🧵



I will introduce two option strategies: Long Straddle & Long Strangle

Save this thread for future reference. Whenever you find the market boring, you might want to revisit these strategies.

ps. NFA

1️⃣ Rationale behind:

As long as the price moves in any direction, whether up or down, the strategy can make a profit.

If the price remains stagnant, the strategy will lose money.

So why do I recommend this strategy?



All trades have a 50% win chance.

In an extreme low volatility situations, this strategy usually has a positive expected return due to lower chances of market stagnation.

However, remember that you can still lose money.

2️⃣ Long Straddle Strategy

Buy a Call and a Put with the same “expiry date” & “strike price” (at-the-money)

Graph Demo:

➢ Long call and put with BTC at $250 (red line)

➢ Earned profit if BTC goes down to $219 or up to $281

➢ If no price movement, loss = red zone

3️⃣ Variation: Long Strangle

Buy a Call and a Put with the same expiry date but different strike prices.

The call option has a higher strike price, while the put option has a lower strike price.

Both are typically out-of-the-money (OTM).

Difference

Cost 👉🏻 Long straddle (ATM option) > Long strangle (OTM option)

Win Chance 👉🏻 Long straddle (smaller price movement) > Long strangle

Simply put, a strangle may provide higher leverage. However, I suggest a straddle for beginners

Pro and Cons of strategies

😁 Profit from both rises and falls
😁 Loss is limited, potential return is unlimited

😔 Double the cost (put and call)
😔 If the market remains stagnant = loss

4️⃣ How to execute?

CeFi like Binance or Bybit, they usually offer some preset strategy. This is particularly user-friendly, especially for newcomers.

Remember: Buy Call and a Put option with the same “expiry date” & “strike price”

On-chain options

I will recommend @lyrafinance or @dopex_io, their UI is simple to use.

For Lyra & Dopex :

If you expect the market will remain low volatility:

👉🏻 Short Straddle and Short Strangle

same logic, but I suggest beginners to do stablecoin yield farming instead.

Follow these chads:

@0xSalazar
@Hercules_Defi
@poopmandefi
@Alvin0617
@2lambro
@crypto_linn
@belizardd
@defi_mochi
@TheDeFISaint
@My_SexyLife
@0xBreadguy
@Mr_Gorilla_eth
@splinter0n
@arndxt_xo
@the_smart_ape
@wacy_time1
@CryptoShiro_
@Slappjakke
@twindoges
@0xAndrewMoh
@zucl1ck

Follow option lovers:
@0xFinish
@0xJamesXXX
@0xWenMoon
@stacy_muur
@francescoweb3
@563defi
@NintendoDoomed
@DeFi_Made_Here
@Flowslikeosmo
@defiprincess_
@jake_pahor
@CryptoGideon_
@Flip_Research
@alphabatcher
@ardizor
@Moomsxxx
@yieldinator
@rektdiomedes
@0xMughal
@zerototom


Option Strategy for NOW!

Use Mantle Network.

No time for introduction.

Here's my bullish thesis on Mantle (ELI5):
0/13 🧵

Competitive Edges at a glance:

1️⃣ Modular Solution
2️⃣ LSD narrative
3️⃣ Cool Tech
4️⃣ Billions Treasury
5️⃣ $MNT token

1️⃣ Modular Solution:

Just like optimism, Mantle uses optimistic rollups to lower transaction gas fee.

However, Mantle takes a modular approach, with separate Execution (Mantle), Settlement (Ethereum), Data Availability (@Eigenlayer) layers

Why modular approach?

It allows each layer to be customized and scaled independently of the other layers.

For data availability (DA), Eigen’s data processing speed is 200x than Ethereum, resulting:

✨ Cheaper and higher bandwidth
✨ Save 30-70% cost on DA

2️⃣ LSD narrative

Mantle is launching its staked ETH (mntETH).

They partner with StakeWise to deploy a targeted staking strategy to provide outsized returns for Mantle’s staked capital, something that Lido also cannot provide.

https://twitter.com/stakewise_io/status/1684863796777476096

Why not partner with Lido?

The community disagrees due to concerns about Lido monopolizing the LSD market.

As Mantle is allocating 200K ETH for ecosystem development, their ambitious goal should be to compete with Lido.

3️⃣ Cool Tech

🔥 Multi-party computation (MPC):

Allow computation while keeping inputs data private ➢ shorten the challenge period from 7 days to 1 day


🔥 Decentralized Sequencer:

By rotating a permissionless block producer set, nodes will independently validate blocks

➢ prevent highly centralized sequencer
➢ prevent MEV by omitting transactions

4️⃣ Billions Treasury

Mantle Treasury, formerly known as BitDAO, currently holds ~$2.4 billion.

To be honest, the asset composition is better than other DAO, with fewer native tokens and more stablecoins to reduce volatility.


A Mantle EcoFund of $200M is proposed to help with early-stage projects in Mantle and attract some popular DeFi (eg @pendle_fi)

Strategic partners include big VCs like @AnimocaVentures and Bankless Ventures.

Money from CeFi

Bybit as a top3 CeFi in derivatives, contributing $120M to Mantle treasury per month.

BNB Chain has seen impressive development due to the influx of funds from Binance, gonna be the same for Mantle.

5️⃣ $MNT token

$MNT, previously named $BIT, is the native gas & staking token.

@Alvin0617 mentioned 3 billion $BIT tokens that were not converted to $MNT, resulting a 30% deflation 🔥

Supply decrease may lead to price increase & vesting schedules are complete.

But be aware of only 51% token is circulating. I guess they will publish a future tokenomics update soon.

Useful resources

Mantle Mainnet is live, these are some useful resouces for you to check out for potential airdrop:

NFT: https://journey.mantle.xyz/en/whitelist

Ecosystem:

https://twitter.com/2lambro/status/1681127515962892289

A detailed introduction of Mantle is featured in @ViktorDefi substack, check it out!

https://viktordefi.com/

Yo my frenz, better check out Mantle:

@TheDeFISaint
@0xTindorr
@ViktorDefi
@0xSalazar
@Slappjakke
@Only1temmy
@rektdiomedes
@0xJamesXXX
@Hercules_Defi
@poopmandefi
@WinterSoldierxz
@Alvin0617


Come check out my thesis on Mantle!!

@crypto_linn
@defiprincess_
@0xFinish
@My_SexyLife
@web3bandit
@Web3_buidl
@Cryptowrit3r
@CryptoGideon_
@arndxt_xo
@twindoges
@belizardd
@wacy_time1
@Moomsxxx
@Dynamo_Patrick

Mantle: Bullish Thesis

"Privacy isn't criminal," snapped Tornado Cash V2.

In 2022, the US government slapped sanctions on @TornadoCash

Breaking down of V1 & V2 mechanisms, introducing the groundbreaking concept of a "privacy pool," while unraveling the core privacy issues.

0/19 🧵🌪️

Bookmark thread as these knowledge is a must if you work in crypto

1️⃣ Why Tornado Cash
2️⃣ V1 Mechanism

*V2 (tweet 12-18)
3️⃣ What is Proof-of-Innocence?
4️⃣ What is Privacy Pool?

1️⃣ Why Tornado Cash?

In the crypto world, privacy matters. But while Tornado Cash offers protection, it has also faced money laundering sanctions.

V1 safeguards your privacy, V2 makes it legit.

2️⃣ V1 Mechanism:

In every transaction, there are two roles: sender and receiver.

Tornado Cash's goal is to hide the identity of the sender in a transaction. Even if the transaction is recorded on the blockchain, the sender's identity remains untraceable.

Pooling Fund:

By pooling all incoming funds into a large pot, when a withdrawal is made, it's only known that the funds came from this crypto mixer.

Mixer with fungibility concept.

Unlike fiat money with unique serial numbers, 1 ETH is identical to someone else's 1 ETH. The previous state before the mixer remains unknown.

Users can only deposit fixed amounts into Tornado Cash: 0.1 ETH,10 ETH…

By making all deposit and withdrawal amounts the same, it's impossible for anyone to track wallets by amounts deposited or withdrawn.

Who can withdraw?

You need "Receipts", similar to a deposit claim ticket.

However, receipts aren't generated by the smart contract but are provided by users depositing funds to keep everything invisible.

Problems:

If Bob uses Alice's receipt to withdraw, it's clear that the money came from Alice, defeating the purpose of sender anonymity.

Two techniques are used to solve the proof of deposit:
👉🏻 Merkle Tree & nullifier
👉🏻 Zero-Knowledge Proof (ZKP)

Using a Merkle Tree to record info:

Receipts are created by hashing a 'secret' and a 'nullifier' to form a "commitment".

In Tornado, this commitment is added as a leaf at position r6 in the Merkle Tree.

Data structure:

The Merkle Tree structure proves data's leaf status by providing parent hash values from the leaf to the root.

To verify if r6 (green) is a leaf, provide the data in the blue boxes.

Nullifier to prevent double withdrawal

When users make a withdrawal, they must provide the hash value of the nullifier (hash(nullifier)).

If this value already exists in the Tornado Cash contract, it indicates the deposit has already been claimed

ZKP to prove a deposit is made on Tornado.

Use r6 example again, we only need to provide r6, r5, H(r7,r8), and H(H(r1,r2),H(r3,r4)) to verify the merkle root, without revealing their actual content.

V1 Technical Recap:

👉🏻 A receipt (commitment), generated from a secret and nullifierHash, each receipt can only be used once.

👉🏻 Use Merkle Tree to record deposit information

👉🏻 Use Zero-Knowledge Proof to hide the source of the deposit

3️⃣ What is Proof-of-Innocence?

Core concept is to show the withdrawal isn't linked to illegal actors, by proving the withdrawn funds:

from the allowance list / not from the rejection list

The diagram below demonstrate that the withdrawn funds aren't from the deposits on the rejection list (marked in red)

4️⃣ What is Privacy Pool?

Privacy-Pools introduce the concept of "Proof-of-Innocence”. A withdrawal receipt from the pool can prove the funds come from the allowance list.

If a hacker deposits money, we'll update the "Allow Tree" to block it.

Legal Scenario:

To verify the funds, the user must provide "proof of deposit" and "proof of being allowed". If the Merkle Root matches the user's Allow Merkle Root, verification is successful.

Thus, the funds originate from a U.S. government-approved deposit.

Illegal Scenario:

If a hacker without a deposit on the U.S. government's allowance list tries to withdraw funds, and the corresponding deposit location is marked 'blocked'.

Hackers must provide an alternative Allow Merkle Tree to withdraw funds.

Illegal Scenario Cont.:

Using a self-generated or untrustworthy Allow Merkle Tree increases the likelihood of withdrawn funds coming from problematic deposits, which can be tracked by the government.

Can you fake a "root" to take money?

Yes, but the mechanism is aware of funds from the rejection list, making legal action easier for the government.

This design prevents anyone from having control over fund withdrawal, ensuring decentralization.

Huge credit to these resources:

https://medium.com/taipei-ethereum-meetup/breaking-down-tornadocash-a-beginners-guide-to-explaining-its-functionality-to-friends-7227fcda5942

https://medium.com/taipei-ethereum-meetup/tornadocash-v2-privacy-pools-%E5%8F%8A-proof-of-innocence-4c19e8967adb

https://github.com/tornadocash/tornado-core

Tornado Cash V2 updates to tackle hackers:

@CRYPTO_TAG
@GemsofRa
@DLocalTrader1
@lemiscate
@theweb3nova
@PeckShieldAlert
@RileNFTs
@MetaSleuth
@whalenjennings
@crypto_ert
@rot13maxi
@alexanderchopan
@swaggyAlexyXv2
@CryptoTHFC
@CryptoAndAliens
@wholisticguy

Tagging my frenz to discuss privacy issues:

@0xSalazar
@DeFi_Cheetah
@Alvin0617
@2lambro
@Slappjakke
@crypto_linn
@defl_mochi
@splinter0n
@ViktorDefi
@Dynamo_Patrick
@goldflakes_eth
@CryptoNikyous
@poopmandefi
@0xJamesXXX
@Hercules_Defi
@wacy_time1
@CryptoShiro_