BassAndCrypto (@BassAndCrypto) header
BassAndCrypto (@BassAndCrypto) profile picture

Playing music most of the time

Joined March 2014
Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)Photo by BassAndCrypto (@BassAndCrypto)
Choose $SILK Not only you preserve purchasing power, but your money cannot be frozen. @Shade_Protocol
you guys know that the USDC in your wallet can be frozen at any time right? this is not FUD, this is how most stables work (not just USDC) them launching a new chain makes 0 difference here
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BassAndCrypto retweeted
Now voting: 55.5M OSMO, gone for good. Prop 1057 sends nearly half of the community pool's OSMO to the null address. That's about 7% of OSMO supply, and it takes total OSMO burned past 100M. Voting ends 4 November. mintscan.io/osmosis/proposal…
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BassAndCrypto retweeted
I got fed up with Amazon not making it easy to choose local USA made goods--in fact their sellers are mostly Chinese sources that have thin USA fronts. So I made an Amazon competitor. Sign up at Gno.shop now, and invite your friends. Let's make a more sustainable future. Gno.shop. Made in the USA for the world.
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BassAndCrypto retweeted
Alloyed BTC is fully backed again. The recovery approved in Prop 1044 is complete. The v32 upgrade moved the exploiter's 22.65 frozen BTC to the Liquidity SubDAO, and all 39.84 counterfeit nBTC has been removed from the alloy. Backing went from 63.97% to 100%. No BTC holder takes any part of the loss. forum.osmosis.zone/t/alloyed…
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BassAndCrypto retweeted
Osmosis proposes burning 55.5M $osmo from its community pool, cutting total supply by ~7%. The move would permanently remove a potential supply overhang after inflation was shut off. Proposal expected to go onchain Oct. 30. Still pending approval.
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BassAndCrypto retweeted
Osmosis proposes burning nearly half its community pool A new proposal on the @osmosis forum would send 55.5M $OSMO from the community pool to a burn address, permanently removing about 7% of the token’s supply. Added to the roughly 44.4M already burned, that would lift the all-time total to about 100M. It would leave about 63.8M OSMO in the pool for later use or another burn. Asked whether validators can still be paid, proposal author Johnny Wyles pointed to a reserve of non-OSMO assets in the pool and more revenue now flowing to stakers. The proposal will go onchain for a vote on Friday.
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BassAndCrypto retweeted
Next stop: 100 million OSMO burned. Proposed: burn 55.5M OSMO from the community pool, nearly half of what it holds. That cuts supply by about 7% and takes total OSMO burned past 100M. Target onchain date: 30 October. forum.osmosis.zone/t/burn-co…
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$OSMO inflation is now ZERO !🧑‍🔬 @osmosis staking rewards now come only from protocol revenue. 😇 Hope this will make Osmosis tokenomics sustainable ! Everything is an experiment 🧪
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the is no $OSMO inflation i love you
Flipped the switch. OSMO inflation is off. Today's epoch came and went, and 0 new OSMO was minted, down from 91,324 a day. Prop 1053 passed with 91.1% yes. From here, staking rewards come from protocol revenue, and every OSMO burned cuts supply. New era. mintscan.io/osmosis/proposal…
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BassAndCrypto retweeted
Flipped the switch. OSMO inflation is off. Today's epoch came and went, and 0 new OSMO was minted, down from 91,324 a day. Prop 1053 passed with 91.1% yes. From here, staking rewards come from protocol revenue, and every OSMO burned cuts supply. New era. mintscan.io/osmosis/proposal…
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BassAndCrypto retweeted
Osmosis v32 is up for vote. 22.65 allBTC frozen on the exploiter's account goes to the Liquidity SubDAO to restore Alloyed BTC's backing, as Prop 1044 approved. ~$50K of tokens stuck in ProtoRev (mostly TIA, AKT, ETH) gets swapped to OSMO and burned. Plus network stability fixes. Voting ends Tue 27 Oct at 09:02 UTC. The upgrade targets 15:00 UTC the same day. mintscan.io/osmosis/proposal…
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BassAndCrypto retweeted
It's onchain: end OSMO inflation. Prop 1053 takes new OSMO minted per day from 91,324 to zero. Staking rewards come entirely from protocol revenue, and every OSMO burned cuts supply. At the current burn rate, that's ~2% of supply a year. Voting ends October 25. mintscan.io/osmosis/proposal…
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BassAndCrypto retweeted
Proposal: end OSMO inflation. New OSMO minted per day goes to zero. At the current burn rate, that means ~2% of supply burned a year, with nothing minted to offset it. Staking rewards would come entirely from protocol revenue. In discussion now, targeting onchain October 20. forum.osmosis.zone/t/end-osm…
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BassAndCrypto retweeted
Two more steps in simplifying Osmosis are voting onchain. Prop 1051: active validators go from 70 to 30. Prop 1052: stakers' share of non-OSMO taker fees goes from 22.5% to 47.5%. The burn share is unchanged. Voting ends October 14. daodao.zone/dao/osmosis/prop… daodao.zone/dao/osmosis/prop…
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BassAndCrypto retweeted
~17.4M $OSMO proposed to be burned. 🧪 That's +65% on top of all OSMO burned to date. Two proposals would withdraw community pool liquidity that no longer does its job, and burn the recovered $OSMO. Read and discuss: forum.osmosis.zone/t/4142 forum.osmosis.zone/t/4143
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BassAndCrypto retweeted
The community has spoken, and Proposal 365 has passed with a resounding YES vote, and an unprecedented 94.8% voting power participation rate! The next era of $SCRT has begun!!
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CERN is closed. Pleiades are coming. Pleia Des 🖐️🌟Dp3EydLyxydf69ACzXtJb9tcq67235d4vEnLB8dRpump
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