@wolfcapital_ 🐺 https://xitter.gq/t.co/iZG8oJoabx
United States
Joined April 2023
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Fees are down because the last cycle boom no one was paying attention to costs. During the bear everyone optimizes on cost.
We are too far down the decentralized open source platform path and the only way it wins is by being cheap. There is some floor price that no one cares about and it seems to be somewhere near 0.2 bips or < $0.005.
What’s important is doubling capacity and filling it up during the bull periods and gaining market share during the bear market.
To that end solana has to be the cheapest place to build any kind of market out of any assets on earth and for retail to trade it.
Thats not just a tx fee issue, cost of capital to spin these up is shared across everyone.
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Solflare is in bunker mode.
After the month this industry just had, access to our infra and code is shut down, every change needs multiple approvals, and nothing new gets in.
It slows us down and I’m fine with that.
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BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion.
The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH.
If confirmed, this would mark the biggest hack in crypto history.
We expect more information shortly.
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I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.
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But wait, there’s more:
- Lower commission
- We’re covering the staking rewards you missed during the pause
- An in-app migration that moves your stake in a few taps, coming very soon
- And I’ll personally be dropping Packs randomly on some of you who migrate
Yes, we used this to make staking better
HOLD STRONG
Update on Solflare SOL staking
The new Solflare validator is live. Your SOL is safe, and no user funds were touched.
To migrate now, unstake from Solflare (Legacy) with regular unstake, and stake on the new validator. Or wait for an app update that will move you over in a few taps.
Move your stake to our new validator, and we’ll cover the rewards you missed during the pause.
We’ll share the exact period and more details soon.
