refugeddit

refugeddit, 10 months ago

Any idea what this VMPX token that's picking up activity in the network?

https://etherscan.io/token/0xb48eb8368c9c6e9b0734de1ef4ceb9f484b80b9c

refugeddit, 10 months ago

Spring/bull is imminent IMO. Price action seems to support it. I am not saying that we won't get another major leg down, but I think we have bottomed for now. We can range here until most people reach apathy (I'm mostly here) and then slowly surge upwards (I think we're near here)

refugeddit, 10 months ago

I have the exact same viewpoint. Hopefully the coredevs design the protocol such that this behaviour is discouraged if it really does bring a net negative effect to the network. Can't expect all participants to be foregoing yields in the long run.

refugeddit, 10 months ago

@kbrot thanks for the liquity recommendation. I feel like an idiot for using MKR all these time. I seriously have no idea why LUSD is not used more with the low fees that they are giving.

refugeddit, 10 months ago

Fair enough, but with a 3%+ interest on maker for vanilla ETH, if you're pretty under leveraged, it is a no brainer IMO.

And you're not in a hurry to close your position since it is a one time fee, not to mention lower collateral requirements.

refugeddit, 10 months ago

Fair enough. I have basically abdicated from Maker due to their weird changes with the new 'endgame' roadmap.

Is there a similarly big lending protocol in L2? I imagine gas costs would be quite prohibitive during the bull

refugeddit, 10 months ago

TIL, this kbin thing is pretty funky still

refugeddit, 10 months ago

Updoot the woodly!

refugeddit, 10 months ago

21 million ETH staked, with another 80k validators pending.

We are gonna reach 1 million validators pretty quickly at this rate

refugeddit, 10 months ago

Patience, patience

refugeddit, 10 months ago

The same number of days has passed from the top of the 2017 bull run to the bottom of the Covid-2020 crash as compared to from the top of the 2021 bull run till today. Though if you consider the top is on November 2021, we still have about a few months away.

Why is this significant? Idk, if you're a believer of the 4 year cycles, then we may already be at the start of the next bull run

refugeddit, 10 months ago

Sounds amazing and also far-fetched(?). I am for anything that can simplify the mechanics of the protocol in the long run. Sad that we can't have them do an AMA put of reddit yet

refugeddit, 9 months ago

What is lenster? is it different from lens protocol?

refugeddit, 9 months ago

Back at what? Did I miss something?

refugeddit, 10 months ago

Thanks for this. Nice to see lots of buidl activity going on in the space

refugeddit, 10 months ago

Slightly late, Ethereum!

refugeddit, 9 months ago

ethfinance is the first community that I actively participated in. It was the sole reason I had a reddit account. With the API changes, I have not used my account at all since then.

I do believe each individual can make their own decision regarding this. Sadly kbin is not that well developed UX wise, but I think this can be a catalyst that changes that soon enough.

Eventually I think we will be moving away from reddit if nothing changes. To where? still a mystery to me. I am in favor of platforms that have downvotes though.

refugeddit, 9 months ago

Reth team still has my suspicion on their intent. Considering their early days were less than honest. (They copied open source code and claimed it as their own) making erigon lose a coredev.

Other than that, thanks for the recap!

refugeddit, 9 months ago

I'm already balls deep, idk how much more I can give

refugeddit, 9 months ago

Not a great way to start the week, but lets keep positive!

Ethereum