k◎v @solanakov

🥕 Legion Republic verification check: @carrotfunding 2-Phase: 5% → 8% targets, 5% daily / 10% max DD 1-Phase: 8% target, 4% daily / 8% max DD, 50% consistency rule No time limit, no min days. 80% split, on-demand USDC payouts (~24h). Breaches are final, so trade clean

Agents taking over @agntmarkets join now↓ agnt.trade/c/solanakov x.com/agntmarkets/st…

my ref code agnt.trade/c/solanakov

@James_Gets_It 5% for quest completion and community is great, the process is smooth and is a good way to add some reasonable barriers to entry to ensure bots are limited, great system. 🫡

It has mostly always been true that: (More capital / power) → greater ability to generate returns → (More capital / power) In earlier times, buying a factory / real estate In more recent times, access to private markets, etc Now, access to large swarms of agents A way to bring some balance to this would be to allow individuals to pool capital and collaborate together Blockchains could actually facilitate this, perhaps it can be made into reality

Tenobrus @tenobrus

2 months ago

actually i guess there is one thing to say, which again i feel was pretty much overdetermined but this is perhaps the first time we have really strong largescale evidence. it looks like massive swarms of agents can now produce extremely valuable difficult novel work in short

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On X, ZZZ, and GMX X, GMX's original lead developer, has stepped back from active development and is nowadays an advisor to GMX. He has personally confirmed that he deployed $ZZZ on Robinhood Chain this weekend. The wallet used for that is not an active GMX deployer and is not connected to any active GMX V2 contract. It is an original personal deployer, the same one also previously used to launch XVIX, a project that preceded GMX. GMX moved to fresh deployer wallets long before this deployment, as part of an OpSec upgrade implemented in coordination with X. Those new wallets are not controlled by individuals and have additional security safeguards. X has renamed his personal Twitter account to @ExponentLabs_ and has started setting out an AI-focused vision for autonomously evolving protocols there. He is building this project outside GM Labs (@GMLabsHQ), the company behind GMX and GMTrade, so GMX has no link to it beyond his advisory role. Anyone curious about what he is building can follow him there.

I checked my $MECHANICA allocation. Current allocation: 6,454 $MECHANICA Potential 1.5× allocation: 9,681 $MECHANICA Check yours: mechanica.fun @RoyalMechanica

GTE is the world’s fastest blockchain and decentralized exchange. It’s colocated with the world’s centers of price discovery to give you the best prices and deepest liquidity when trading perps. Tokyo for crypto. New Jersey for equities. Chicago for commodities. Fully decentralized. Fully non-custodial. Fully verifiable. Purpose built for you. The team comes from Palantir, Jump, Meta, Citadel, Bridgewater, Layer Zero, and more. Team members include the inventor of Facebook’s photo and video storage technique, low level C++ optimizers at HFTs and more. GTE raised a $15m series A from Paradigm in May. Other investors include trading firms, DeFi angels, and more top-tier folks. GTE is coming to private mainnet very soon. We think you’re going to love it.

Today, we’re proud to announce that GTE has raised a $15m Series A from @paradigm to scale the Global Token Exchange. We’ll use this capital to ship products even faster. Because where we’re from, we not satisfied with being fast — we want to be the fastest. Now back to work.

x.com/i/article/1888…

Blame yourself for everything, and preserve your agency.

x.com/i/article/1880…

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This is the moment you’ve been waiting for, it’s here right now: the moment riches are made and possibly lost right away In these kind of conditions the hardest part is not to make money but to keep it when the meta changes Focus on your grind and polish what’s working for you until it doesn’t anymore Protect your wins from the greed and fomo you’ll feel from the direct environment around you, don’t compare yourself to anybody else just accept the fact someone out there will always be better than you in specific conditions Otherwise, envy and the feeling of never being good enough will forever consume you from the inside Don’t let this cycle speedrun in front of your eyes while you do nothing but feel like shit looking at others win There’s no secrets: commit to the game, stay true to yourself, always push that extra mile and see the market reward you for it Keep winning fam

Witness the $CHEX repricing with frog, the ultimate RWA L1 First shared at 13M FDV, I still have no issues saying this is absolutely mispriced at 200M FDV I get a lot of questions about this position, yes I’m still holding and recently added but @Trim_Bot is the best account to follow if you want to keep up with everything CHEX related, very smart individual I have tons of respect for I expect the price action to become quite violent to the upside, this is basically the only non meme I been having my eyes on and everybody understanding how hard it is to get to Chintai’s level of execution in one of the most promising niche of our ecosystem being RWAs knows how mispriced this project is They got different licenses for tokenization in different countries meaning that they can actually issue tokenized products with no legal issues, they offer white labelling for tradfi products, coin is fully diluted and on top of that tokenomics are deflationary, this is not just another altcoin, this is the one RWA L1 that you should have your eyes on This team is delivering overtime, not "overtime" like most web3 teams, I don’t usually back coins like that but I’ve came across Chintai early on and since then they’ve been delivering absolutely everything they promised regarding deals for tokenizing tradfi products, see here recently for example: x.com/coindesk/statu… I’m not affiliated to the team, neither paid for this post, I shared about this project for the first time here: x.com/wronguser000/s… This is obviously not financial advice since I’m just a frog yapping on the Elon Musk X platform but I feel like even if I came across this project now i’d be interested

CoinDesk @CoinDesk

2 years ago

EXCLUSIVE: Kin Capital launches $100 million tokenized real estate debt fund on #RWA-focused @ChintaiNetwork $CHEX. @sndr_krisztian reports trib.al/TozLerc

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Stoic Strength: Memecoins and Their Role in Portfolio Construction "Memecoin dominance" has been topical YTD, with premiums accruing to both new (WIF, PEPE, MOG and POPCAT to be coined herein as the "Big Four") and old (retention of value via DOGE and SHIB, return of 2021-borne BONK and FLOKI). The emergence of this class prompts the following questions: 1) What is a realistic range for aggregated memecoin value as a digital asset class? 2) Is there a pattern we can template toward identifying the next large-cap memecoin? 3) Is there a way to construct a case for "responsible" deployment (re: "institutional" adoption)? My belief is that despite gross (and likely invalid) targets set for certain populist coins, memecoins are, and will remain, a unique device that can push the frontier for what is considered acceptable risk/return beyond being a quickly diminishing slope of reflexivity: I see sustainable actionability in two ways even without new money entering the ecosystem: 1. Continued cannabilization of market share from NFTs (a ~$70B market today) - a virtually identical product wrt inherent value (or lack thereof) and community expression 2. Providing an uncorrelated return wrt BTC / other asset buckets If we are to believe that BTC has become a macro lever (to be expanded on in a separate piece), then the argument for non-correlated assets such as memecoins - specifically those under ~$1B - may be worthwhile levers in doing 2 things: i) hedging liquid bets elsewhere ii) enable lagging portfolios to "catch-up"

Here is why you should care about Flash Trade Token: The token that will set the new standard in Solana DeFi.

Many ask my thoughts on Solana after my last Ethereum tweet on "Separation of Church and State", a bit long but lots of context: My first encounter with @toly was in 2017, during the early days when Solana was still called String. While the specifics of our conversation have faded, I distinctly remember Toly outlining the data structure on a whiteboard in my office. At the time, I was quite skeptical about the technical pitch and ultimately decided to pass on that seed round. Fast forward to the 2020-2021 cycle, I deliberately kept my distance from Solana due to the toxic environment perpetuated by SBF and his circle. I had also passed on the first FTT round back in the day. Even before that, when SBF was raising for Alameda in 2018, his numbers didn’t add up after a few back-channel checks with the exchanges he was trading on (I still have the spreadsheet he sent me in 2018) Unlike most VCs in the valley who are eager to find the next “Zuck-like” genius, I prioritize integrity as the single most important trait for anyone building product that's managing other people's money. I’ve written about the risks of the Dark Triad Personality in crypto, and each cycle has taught me to stay away from individuals with these traits. No matter how smart or brilliant they may seem, investing in chaotic evil personalities is a mistake. I can't emphasize enough to my investing team at @primitivecrypto the importance of conducting thorough psychological analysis of the founders they want to invest in, as a man's character is his fate. x.com/DoveyWan/statu… The vibe SBF brought to Solana never sat right with me, and his involvement cast a shadow over almost everyone else in the Solana ecosystem, and the real progress of its technical upgrade through out the years. Despite @tamarincrypto , my bestie, leading global partnerships and the dev community there, I only invested in Mercurial (which eventually became Jupiter) in 2021 cycle. The hypocritical and nepotistic atmosphere surrounding SBF was a major turn-off, everyone only cares what is the next Sam's coin, who's Sam's friend working on a Sol project. So I distanced myself from deeper involvement. As a result, I missed out on opportunities to connect with more founders in the SOL ecosystem, which was a big bummer. However, I still feel JOMO on the 2021 Solana frenzy because I stuck to my principles, and my read on the founder once again saved me from massive chaos. The Solana ecosystem pre- and post-SBF are distinctly different, especially after @calilyliu joined the foundation and a healthy cleanse was undertaken. Since we re-engaged with the ecosystem starting mid-2023, I’ve heard firsthand stories from SOL founders about how the support they receive today differs greatly from the SBF days. Back then, if you weren’t part of SBF’s inner (or even secondary) circle, getting support as a founder was much tougher. Nowadays, things have changed; SOL founders now represent diverse cultural backgrounds from East to West. We’ve had a great experience working with our portfolio company founders like @cindyleowtt @davijlu @gizmothegizzer . I also finally met @mert this year, he’s a true warrior for Solana and one of the very few crypto guys who can hold an engaging, crypto-free conversation for more than 30 minutes Primitive is NOT a VC, we don’t need to sell a bullshit story to LPs or spend the bull market making decks to raise funds. For us, only first principles matter, and only the people matter. Building conviction on a big liquid position outside of BTC, ETH, and BNB isn’t about the new hot narra or how cool the tech sounds—it’s about who is building on the chain and how the chain is being utilized. It's like evaluating a city to relocate, you first travel there for a few times better stay there for a month or two and decide whether you want to commit to the destination. We've done the same thing from going to numerous offline sol events, being part of the colosseum hackathon, talked with Solana foundation, interviewed both the founders' who stayed after the nuke and who quit, and the new founder who joined. Every chain resembles a unique city state model roughly as: City State - Supply: Municipal infrastructure, immigration policy, business environment, monetary & fiscal policy, trade policy, geographic and resource conditions, etc. - Demand: The willingness of citizens and merchants to stay and transact. - Income: Tax. A Chain - Supply: global state machine, smart contract execution, block space and other resources necessary for onchain economy, fonudation grants, public goods, developer toolchain, etc - Demand: Consumption of computation or monetary resources by devs and dApps users, - Income: Gas, sequencers fees and inflation Just as different city-states emphasize their unique appeals to citizens, some, like Hong Kong and NYC, provide the best financial services and industry networks; others, like Singapore, offer superior healthcare and public goods for the middle class; and San Francisco and the Bay Area, cultivate the best frontier crowd. Every chain will evolve to develop its own distinctive culture and unique attributes. These traits will be followed by verticals purposely built around them, creating a microcosm that attracts more merchants and businesses. This serves as a highly analogous mental model for understanding the multifaceted responsibilities involved in building a good chain. just like a country thrive and grow by attracting the high quality immigrants, the a chain thrive by attracting new talents to build and invest. And, just as any city-state that aspires to create a rich history needs fewer popes and cardinals, but more kings and knights, so too does the chain. I’ve never subscribed to the maximalism of serving the "one true coin" or the binary mentality of picking between X vs Y, or being married to our bag if the core team has repeatedly under delivered or showing clear sign of bad egos. Just like I split my time among Singapore, SF, Teipei and Florence . In our portfolio, we treat the four majors as a basket of reserves: BTC, ETH, BNB, SOL. BTC is sound money, ETH and BNB are for generating sustainable, productive yield Our thesis for SOL is currently indexed on 1. Its potential as a US retail chain (if Base ever has a coin, we’ll keep a position in that too. Instead, we hold Coinbase stock). This reflects the major East and West divergence I’ve tweeted about before, in this cycle, only "Solana" has hit Google trend's ATH, and only phantom wallet has hit top ranking in appstore, primarily in US 2. The deep camaraderie among the founders who remained committed to Solana after SBF’s downfall, forged through tough battles, is something that many other ecosystems can't replicate. The positive impact of this spirit on other Solana builders can't be quantified by any valuation model. Historically, the period of rebuilding after the fall of a dictator has often been the golden age of rapid growth Our industry is flooded with excessive investment but severely lacks effective development. It’s full of those eager to teach and quick to dismiss, yet lacking in those who are genuinely eager to learn and sincerely respectful. The ongoing ETH vs. SOL debate is a textbook example of what Freud called the "narcissism of small differences" "Why are groups of people that are so very similar, sometimes so hostile to each other because of the relatively minor stuff that they differ in" In truth, the industry has outgrown these petty disputes. Why should we allow these trivial mouth war to distract us when the real challenge is much larger? Binance has 400 million users, yet active on-chain number are likely just 1-2% of that. And with all the adversary regulation and geo-political environment, the stake is too high for us not to unite as an industry. attention seekers are playing the ranking game, an ordinal game; truth seekers are playing the first principle game, a cardinal game It’s time to move beyond a zero sum ranking game, focus on on how we can all rise together. True success is measured not by who wins, but by how much we all push forward technolibertarianism movement, and how many more sorvergin individual can be enlightned and join the journey a long the way One person's dream is often just a daydream, but when shared by many, it can shape the course of history 一个人的梦想只是梦想, 一群人的梦想就是一个时代

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Dovey "Rug the fiat" Wan (hiring) @DoveyWan

4 years ago

“The Darker Triad in Crypto” 🧵 Historically we have seen evil leaders in all spaces rise with 1 or 3 traits on the dark triad, leading to catastrophic aftermath (we are in one rn The evergrowing influence of social media aids them to be more deceptive and manipulative 1/n

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