Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi) header
Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi) profile picture

- ETH GMX LINK ILV MPS - many opinions are subjective

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Joined December 2020
Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)Photo by Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š (@LivingDefi)
Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
. @sherlockdefi Thank you for these constructive, genuine, and concise pieces of feedback. They lay a solid foundation for GMX-Solana. We will soon release the complete audit report and discuss the upcoming timeline with the community.
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
Need gift ideas for Christmas? ๐ŸŽ Offer the future: A Bitcoin gift card loaded with the desired amount of BTC, sealed in a built-it secure vault. A fun way to introduce anyone to the bliss of self-custody and decentralized money โœจ ๐Ÿ’ณ Buy here: mtpelerin.com/gift-card
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
truly humbled and blessed ty @arbitrum let's cook
Arbitrum is at a pivotal moment - whilst it has the highest TVL of any chain, a thriving ecosystem of projects, and a dedicated contributor group, it faces several challenges as it scales. Today weโ€™ll talk about: โžผ Challenges that the ecosystem faces โžผ Opportunities to tackle these challenges โžผ Solutions that we want to implement โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Challenges เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ โžผ Unclear Narrative: A lack of a cohesive identity hinders ecosystem collaboration and weakens Arbitrumโ€™s long-term vision and positioning within the broader crypto industry. โ€‹ โžผ Builder Support Gaps: Given the intricacies of accessing the ecosystem (whether through the DAO, Offchain Labs, or the Arbitrum Foundation), builders often cite low awareness of opportunities and insufficient post-onboarding support from the DAO, reducing ecosystem retention. โ€‹ โžผ Orbit Chain Isolation: Orbit chains experience disconnection from Arbitrum One, with fragmented liquidity, poor UX, and underdeveloped bridging solutions, along with a lack of branding to compete with Superchain, Elastic Chains, and other competitors. โ€‹ โžผ Weak Incentives for Innovation: A lack of competitive strategies to incentivize builders to push limits may be holding back Arbitrumโ€™s ability to retain top-tier developers and foster innovation. โ€‹ โžผ Missed Market Sectors: While Arbitrum has cemented itself as a DeFi chain, it struggles to dominate emerging sectors like DeAI, DeSci, DePIN, and payments, failing to capture mindshare and builders in these areas. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ The Opportunity เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ The Arbitrum Research and Development Collective (ARDC) is up for Election! โ€‹ The ARDC essentially operates as a consultancy arm for the DAO and its delegates, where Research, Risk, and Security specialists educate and inform the ecosystem to ensure the DAO accelerates towards its goals. โ€‹ We are applying for the Research seat in partnership with @dl_research ๐Ÿฆ™๐Ÿฐ โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Our Solutions เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ We know Arbitrum excels in various areas, but the question of what it should be known for remains unanswered. โ€‹ โžผ We want to lead a comprehensive analysis of Arbitrumโ€™s current identity within the wider ecosystem, addressing gaps and opportunities for narrative and branding alignment. โ€‹ โžผ These clear and unbiased research findings would fully inform delegates of Arbitrumโ€™s position and optics within the broader ecosystem, enabling them to move forward with confidence in setting Arbitrumโ€™s mission, vision, and purpose whilst ensuring the DAOโ€™s strategic objectives are set in line with what Arbitrum is trying to become. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ We know Arbitrum as the home of builders, but sometimes, they don't feel all that at home. โ€‹ โžผ We want to identify and address key challenges in developer retention, ecosystem growth, and strategic alignment to recommend an effective builder expansion and retention strategy. โ€‹ โžผ This will pave the way for an onboarding/ecosystem workstream to be set up with a clear strategy and priorities. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ We know innovation happens on Arbitrum, but lately, it has been slowing down. โ€‹ โžผ We want to position Arbitrum as the premier blockchain for innovation by optimizing grant funding and incentivizing novel protocols. We will investigate retroactive funding, innovation-specific grants, strategic grants, and other methods of builder engagement to foster a thriving ecosystem, especially in areas where Arbitrum is currently lacking. โ€‹ โžผ This will serve as the basis for a roadmap towards a grant-driven growth workstream capable of attracting top builders, rewarding those who brought us this far, and driving sustainable ecosystem expansion. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ We know that in crypto, UX is everything. Arbitrum and its ecosystem should feel as one, and all possible tools should be utilised as we wait for interoperability. โ€‹ โžผ We want to address UX gaps, simplify chain abstraction, and align Orbit chains as a cluster with the broader ecosystem while exploring future technical solutions as they mature. โ€‹ โžผ This research will output clear recommendations for improving UX and advancing Orbit chain adoption while leveraging chain abstraction for seamless UX across the Arbitrum ecosystem. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ We all know that the slice of the pie available is larger if we grow it from outside. Instead of fighting over DeFi builders, attention should be given to newer industries discovering how blockchains can solve their problems. โ€‹ โžผ Many have spoken about analysing and mapping new potential verticals that should be targeted and onboarded to Arbitrum. โ€‹ โžผ We want to go one step further from mapping and developing a blueprint for outreach initiatives that incentivise and onboard these high-growth sectors (payments, AI agents, consumer apps, DePIN, DeSci). โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Distribution เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ We are committed to increasing transparency by providing regular updates on ongoing initiatives. Furthermore, all findings and progress will be actively shared across DL Research and Castleโ€™s platforms, including blog posts, Twitter threads, and collaborative reports to maximize their impact and visibility. This multi-channel strategy will ensure the community stays informed and engaged, driving a more cohesive and effective ARDC V2. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Our TLDR เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ โžผ We are committed to providing research, not for research's sake, but with a focus on implementation and insights that can be leveraged practically and effectively โžผ Our team can be summarised as โ€œData researchers meet Arbitrum specialistsโ€ โžผ You will get institutional-grade research abstracted to clearly and concisely inform delegates and allow them to make the best decisions possible โžผ 2 for 1: Onboard DefiLlama into their first DAO whilst betting on an Arbitrum-native research team who have demonstrated loyalty, knowledge, network, and experience โžผ Half the price, twice the output, double the team โžผ Distribution into the wider space will be a key focus for us post-research - we will ELI5 information for delegates, and propagate it to our own audiences too โžผ We already have strong working relationships with Arbitrum contributors across the DAO, app builders, AF and OCL. โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Vote for Us Now! เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ snapshot.box/#/s:arbitrumfouโ€ฆโ€‹ โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Resources เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ โžผ Presentation: pitch.com/v/castle-capital-xโ€ฆ โžผ Pitch Recording: drive.google.com/file/d/1xuBโ€ฆ โ€‹ Tagging some Arb bulls: @offchain @arbitrumdao_gov @DAO_Arbitrum @EntropyAdvisors @DK33IV @SirBootsOfIron @CamelotDEX @jojothecow @SEEDLatam @soby0x @0x_dav @vitaieth @zerototom @LouisCooper_ @whizwang @ajwarner90 @sgoldfed @bfresh @poopmandefi @ReveloIntel @TheDeFISaint @arndxt_xo @rektdiomedes @thedailydegenhq @zerokn0wledge_ @chainlinkgod @yoavw @gregcanessa @coinflipcanada @l2beat @olimpiocrypto @wintermute_t @panteracapital @ercwl @plutusdao_io @griffgreen
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
Funding rates on #GMX have just been decreased for all Arbitrum markets! ๐Ÿซ The new market parameters substantially improve funding rates for traders, while keeping Open Interest well-balanced. 1/3 ๐Ÿงต
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
A mystery entity accumulated ~3.5% of the circulating supply of $GMX following the announcement of the expansion to @solana and in the last 24 hrs they exited that position pretty violently. Before this if you'd asked me if Solana was priced in, i'd say no. And now? well.. ๐Ÿซ
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
so you are saying, $dydx which has a market cap of around $1b only has $100M more open interest than GMX which is currently priced 3.5x lower. good r/r for $gmx, as we will keep listings new markets, lowering price impacts soon, lowering open/close fees soon and [redacted]
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
๐Ÿ”น TVL: $700 Million ๐Ÿ”น 24h Volume: $610 Million ๐Ÿ”น Open Interest: $300 Million... Thank you to the 700,000+ GMX users who have supported permissionless, onchain trading! ๐Ÿซ
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
The $GMX Buyback & Distribute Programme sends its regards for the cheap tokens. 20% APR for the next 7 days from tomorrow? Donโ€™t mind if i do ๐Ÿซ
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
๐Ÿฅณ It's now cheaper to buy Bitcoin with us! To celebrate this new ATH day, we have removed the fee we had to deliver #Bitcoin on your wallet when buying or swapping BTC with us! ๐Ÿ‘‰ Check it out here: mtpelerin.com/buy-bitcoin
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
Volatility means volumes, volumes mean buybacks. Already 2.26k $GMX bought back in less than 7h. Lmao.
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
BTC memecoins are currently valued at ~$2B - a mere 0.11% of Bitcoin's $1.9T market cap. ETH memecoins hold a market cap of more than $20B - 7% of ETHโ€™s $300B market cap. SOL memecoins stand at around $12B - 15% of SOLโ€™s $80B market cap.
๐Ÿชจ RUNE IT BACK TURBO ๐Ÿ“ˆ โ€‹ Since August, runes activity has seen a robust recovery, with trading volume and unique transactions increasing 3x and 4x, respectively. โ€‹ Runes account for ~60% of Bitcoinโ€™s daily on-chain transactions, pushing average transaction fees up by 32%, and boosting miner earnings from Runes transactions by as much as 5 BTC daily. Source: @GeniiData Source: @nftpulseorg ย  ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ @MagicEden Success เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ ย  A large part of this resurgence can be attributed to Magic Eden, which has solidified its position as not only the go-to Runes trading platform but also the leading marketplace for the Bitcoin ecosystem. ย  Over the past month, Magic Eden has captured at least 90% of Rune and Ordinals users and volume. Source: @MagicEden ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Runes Innovation เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ ย  Since its launch in April, Runes have broken down the barrier to build on Bitcoin by introducing true fungibility for on-chain assets. ย  Users can now etch, mint and trade tokens with ease. ย  This has resulted in a proliferation of memes, something thatโ€™s been lacking for a long while due to Bitcoinโ€™s barriers to entry. These include a lack of cross-chain bridges, high transaction costs and slow speed. ย  Along with increasing interoperable solutions and innovation of the mother chain (i.e. OP_CAT, roll-ups and sidechains), Runes has enabled stronger communities and fostered collective sentiments which are essential to attracting mass retail liquidity, as seen on Solanaโ€™s โ€œmemecoin supercycleโ€. ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Runes Top Peformers เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ ย  While $DOG remains among the top 10 Runes over the past 30 days, following its airdrop to Runestone holders, current attention has shifted to $PUPS (which also has its own derivative on Solana), as well as $GIZMO and $BDC, both of which are cat-themed tokens, which could be catalyzed by the upcoming release of OP_CAT ๐Ÿˆ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบ Bitcoin Meme Valuations เผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ BTC memecoins are currently valued at ~$2B, which is a mere 0.11% of Bitcoin's $1.9T market cap. In comparison, ETH memecoins hold a market cap of more than $20B, representing 7% of ETHโ€™s $300B market cap, while SOL memecoins stand at around $12B, accounting for 15% of SOLโ€™s $80B market cap. โ€‹ This stark disparity indicates a significant growth opportunity for BTC memecoins as adoption increases. With imminent listings among top CEXs, early investments could yield substantial returns before prices soar as retail interest surges, spurred on by the introduction of platforms like Moonshot. Valuations of $PUPS, $GIZMO, and $BDC are still a far cry compared to this cycleโ€™s blue-chip memes, which suggest attractive entries for a higher risk-reward ratio. โ€‹ NFA/DYOR โ€‹ Courtesy of @fakexavi_ โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบเผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ cc: @rodarmor @udiWertheimer @LeonidasNFT @ercwl @0xLeoInRio @rexzh0u @ElizabethOls0n @YukanL @janbtc @TO @Naqib_Noor @DegenShiro @ColdBloodShill @goatedxyz @0xcryptowizard @theunipcs @FarmerBrownDeFi @FarmerJoe0x @domodata @utxo_giovianni @btcbongo @The0xJuan @JasonSoraVC @_BuoyantCapital @cryptolution101 @raphjaph @vombatus_real @kuyamark @basilda_a @MrGavinLow โ€‹ @MustStopMurad โ€‹ ยปยปโ€”โ€”โ€”โ™ฐโŠฑเผบเผปโŠฐโ™ฐโ€”โ€”โ€”ยซยซ โ€‹ Want to get this early right in your inbox? โ€‹ Subscribe to @castle__cap's free newsletter in the bio!
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
๐Ÿšจ BlackRock's BTC ETF just became the fastest-growing ETF on record. Is institutional FOMO about to ignite the next bull run? Find out all the news you missed this week - PLUS: ๐ŸŸ  Rune it Back Turbo - BTC Eco Comeback? ๐Ÿ”“ $TIA Unlock and Price Action And More!
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
thank you for always helping us and for all the support God is good โค๏ธ Gรฉnesis 12-2 I am going to bless you, and make you a very famous man. You will be a blessing to many people!๐Ÿ™๐Ÿป๐Ÿ™๐Ÿป
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
GMX-Solana โ€” the community-driven sister project that is bringing GMX V2 to Solana โ€” is adopting @Chainlink Data Streams as its data oracle solution. This integration will provide @GMX_SOL with on-demand access to high-frequency market data backed by battle-tested, decentralised infrastructure. The soon-to-launch GMX-Solana Perp DEX will utilise Data Streams on @Solana to help secure execution prices, funding rate calculations, liquidations, and other features that require robust, low-latency market data. ----- GMX-Solana is an extension of GMX on the Solana blockchain, dedicated to providing traders with an efficient, transparent, and decentralised platform for perpetual trading. It aims to achieve the trinity of decentralised leverage trading: ๐Ÿ”ธBarrier-free creation of markets and pools ๐Ÿ”ธBarrier-free utilisation of advanced trading strategies ๐Ÿ”ธBarrier-free entry into market-making GMX-Solana will support hundreds of assets, democratised liquidity provision through GLV, an innovative Trade-to-Mint economic model, and unrivalled execution speed โ€” enabling highly-performant self-custody trading without intermediaries. Learn more on the GMX News blog: ๐Ÿ‘‰ open.substack.com/pub/gmxio/โ€ฆ
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
GMX has achieved significant improvements in optimizing dApp performance recently, including: ๐Ÿ”ธ Faster loading times for positions ๐Ÿ”ธ Quicker retrieval of market data ๐Ÿ”ธ Reduced time for chart candles to display ๐Ÿ”ธ Improved JavaScript execution speed Overall, the responsiveness and speed of the user interface โ€” especially on the trade page โ€” have been notably enhanced, resulting in load times that are now 2.5 times faster! The reliability of reading RPC data for displaying information in the interface has also dramatically increased, along with its speed. The attached graphic illustrates the striking improvements in page load times:
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
Love @DefiLlama except that they don't correctly reflect GMX V2 which drives 90% of our volume. In the same two quarters, GMX did over $40 billion in volume, all verifiable on leading public blockchains without needing private market makers or mystery black boxes. #DEFI ๐Ÿซ
According to Defillama, the total transaction volume of on-chain perpetual contracts in Q2 and Q3 was US$1,185.7 billion, top three namely Hyperliquid (16.94%), dYdX V3 & V4 (14.37%) and SynFutures (14.11%). Next in line are projects such as Jupiter Perpetual Exchange (6.70%) and Orderly Perps (5.52%).
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
๐Ÿšจ Announcement ๐Ÿšจ FLP#0025 has passed & been executed! AI Capital Cyprus LTD is acquiring Lucidao with a token buyout program available for LCD holders: Rates: General: 0.01205 USDt/LCD Polygon Round: 0.08523 USDt/LCD ๐Ÿ•’ Buyout open: 21/10/24 - 20/11/24 ๐Ÿ”— Swap Interface How to Participate 1. Access the buyout interface here buyout.lucidao.com/ 2. Connect your wallet and complete identity verification (light KYC). 3. Ensure you are not from any "Sanctioned Territories" including Cuba, Iran, Myanmar, North Korea, Syria, Crimea, Donetsk, Luhansk, or any other regions under comprehensive sanctions by Switzerland, the USA, Canada, the UK, or the EU. Authorized Contracts For safety, ensure your wallet interacts only with the following contracts: Contract 1 polygonscan.com/address/0x09โ€ฆ Contract 2 polygonscan.com/address/0xfeโ€ฆ โš ๏ธ Ensure you interact with these contracts ONLY: 1๏ธโƒฃ 0x095231193b8b75fb03f05def35f1be0d272de6b9 2๏ธโƒฃ 0xfeba12012b0c9f8b41811e01032595c9feb06f75 โš ๏ธ Reminder: Be cautious of the transactions you sign with your wallet. Only proceed if they align with the authorized contracts above. Thank you for your attention and participation. Stay safe & verify your transactions!
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
Hacks have cost over $1 billion in 2024 alone. In the last 2 days, 3 DeFi protocols have been compromised. Time to level up your OpSec! Hereโ€™s the Castle guide to some best practices for staying secure: 1๏ธโƒฃ Slow down, read, and think before signing transactions! Many DeFi hacks happen because of users rushing through approvals. Take a moment before signing any transaction. Read whatโ€™s being requested, and if something feels off, investigate or ask around. A few extra seconds can save your entire wallet. 2๏ธโƒฃ Practice Good Online Hygiene Start with the basics โ€” use strong, unique passwords for your accounts, enable 2FA where possible, and donโ€™t reuse passwords. Use password managers like @1Password or @LastPass. Avoid clicking on suspicious links, especially those in DMs. 3๏ธโƒฃ Wear your Protection: Use Hardware Wallets & Multisigs Self-custody is key to protecting your assets. Use paper or hardware wallets like Ledger or Trezor to store your private keys offline. For higher-value holdings, consider multisigs (e.g., @Safe or @BrahmaFi ) for extra layers of protection. 4๏ธโƒฃ Don't Keep All your Eggs in the Same Basket Segment your funds across multiple wallets. Use separate wallets for long-term storage, regular transactions, and high-risk activities like yield farming. This way, a compromised wallet wonโ€™t drain your entire portfolio. 5๏ธโƒฃ Limit and Revoke Token Approvals Instead of giving unlimited token approvals on DeFi platforms, set specific limits and regularly revoke unused approvals using tools like @RevokeCash. This can prevent a compromised smart contract from draining your balance. 6๏ธโƒฃ Donโ€™t Trust, Verify Front-end exploits often redirect users to malicious contracts. Always double-check the contract address on multiple sources before interacting. Use tools like @etherscan, @DeBankDeFi, or @zapper_fi to verify what youโ€™re dealing with. 7๏ธโƒฃ Use Transaction Simulation Tools Simulate transactions with tools like @PocketUniverseZ or others to understand what will happen when you confirm a transaction. These can save you from interacting with malicious contracts. 8๏ธโƒฃ Have a Secure Trading Setup Use a dedicated device for crypto activities, separate from everyday browsing. This minimizes the risk of malware and phishing. Keep your software updated and use reputable antivirus programs for added security. 9๏ธโƒฃ Beware of Social Engineering Attacks Hackers are increasingly sophisticated, using fake accounts, Discord DMs, and even impersonating project team members. Always verify before clicking any links or sharing sensitive information. ๐Ÿ”Ÿ Run a Good Antivirus It may sound basic, but phishing attacks are more common than ever. An antivirus with updated definitions can help you avoid malicious websites and links targeting your private keys. 1๏ธโƒฃ1๏ธโƒฃ Stay Informed The DeFi landscape changes quickly, and so do attack vectors. Follow security updates, join reputable communities, and keep up with trusted voices in the space: โ€ข @zachxbt โ€ข @officer_secret โ€ข @samczsun โ€ข @functi0nZer0 (mostly for his food takes) โ€ข @PeckShield โ€ข @rektHQ โ€ข @HalbornSecurity โ€ข @DefiLlama โ€ข @whale_alert & โ€ข @CertiK, of course! Stay safe out there! Follow @castle__cap for more updates and subscribe to our newsletter in our bio!
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
Three proposals related to GMX's onchain Governance are now live on Snapshot. These votes concern the establishment of the: ๐Ÿ”ธ GMX Security Committee ๐Ÿ”ธ GMX Governance Committee ๐Ÿ”ธ GMX Listing Committee Please cast your votes now: snapshot.org/#/gmx.eth
Proposals are live for the creation of three Governance committees for the GMX DAO, as part of GMX's transition to decentralised on-chain governance: ๐Ÿ”นA Security Committee ๐Ÿ”นA Governance Committee ๐Ÿ”นA Listing Committee Everyone is invited to contribute to the GMX project. As a community-driven protocol, GMX would not be where it is today without the valuable input of its many community contributors. And users can support GMX in multiple ways. You can do so by spreading awareness of the products GMX offers, building useful community tools, or referring friends. You can do so as a GMX DAO delegate (on Tally), articulating the interests of other tokenholders and voting on their behalf. You can also do so as a member of one of the three governance committees, if these proposals pass. Helping to steer and safeguard a specific aspect of the protocol that matches your expertise. To learn more about the proposed Listing, Governance and Security Committee, and what their activities would be, see the three respective threads on the Governance forum: ๐Ÿ”น gov.gmx.io/t/gmx-listing-comโ€ฆ ๐Ÿ”น gov.gmx.io/t/gmx-security-coโ€ฆ ๐Ÿ”น gov.gmx.io/t/gmx-governance-โ€ฆ All community input is valued. Are you interested in becoming a GMX DAO delegate? Please visit the Governance forum to learn more about the nomination process: ๐Ÿ”น gov.gmx.io/t/gmx-delegate-stโ€ฆ Lastly, a reminder: tokenholders need to stake their GMX tokens to receive GMX_DAO tokens that allow you to participate in Governance on Tally. Delegate these tokens to yourself or your chosen delegate on the Governance platform. You can also find the list of current GMX DAO delegates there: ๐Ÿ”น tally.xyz/gov/gmx/delegates
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Living Defi |๐Ÿ‘จโ€๐ŸŒพ|๐Ÿฎ|๐Ÿซ|๐Ÿ|โ™Š๏ธ|๐Ÿฆ‡๐Ÿ”Š retweeted
The WIF and PEPE markets on GMX on #Arbitrum have recently been the top performers for GM liquidity providers. The rewards earned in these two pools are exceptional due to their high utilisation โ€” traders love memes. Trade PEPE or WIF permissionlessly on-chain, or provide liquidity for WIF/USDC or PEPE/USDC and earn on your meme tokens: app.gmx.io ----- ๐Ÿ”ธOutperforming Benchmarks The @pepecoineth and @dogwifcoin pools have also shown superior returns over a longer timeframe. They significantly outperformed the benchmark of a regular rebalancing 50/50 LP position over the last 3 months. Virtually all of the GM pools are outperforming their rebalancing 50/50 counterparts, highlighting the value of being an LP in GMX's GM pools: Other notable GM performers include the BTC/USD [BTC] pool. By providing single-sided BTC liquidity to a BTC/USD market, you can earn ~10% annually on your Bitcoin. Thanks to zero price impact being activated on the single-token BTC/USD [BTC] and ETH/USD [WETH] pools, volume and LP rewards have significantly increased. The absence of price impact is a very attractive feature for big traders. ----- ๐Ÿ”ธUnderstanding Your Exposure What is your exact exposure as an LP in a GM pool? Liquidity providers: - are exposed to the price movements of the underlying assets. - are counterparty to the traders, and exposed to trader PnL at times when that GM market isn't 50:50 balanced between Longs:Shorts. - earn fees from the pool at the listed reward rate. Please note that the returns listed on app.gmx.io/#/pools/ do not include price changes of the underlying token(s) or traders' Profit & Loss. They purely reflect the fees LPs earn from leverage trading, borrowing fees and swaps. These fees are auto-compounded, automatically increasing the price of your GM tokens. All in all, the GM pools of GMX V2 have generated nearly $66 Million in revenue over 13 months:
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