Davide (0xdavide)

🪂Monad wiped out Sybil and multi-address accounts (especially those from India), obviously pissing many off. In testnets, there's always the risk of the protocol checking the IP (even Aptos did this for its airdrop). Monad, however, didn't even consider activity on the testnet; in fact, I was eligible for "EVM activity."

• 0 replies
• 1 recast
• 6 reactions

🏜️A few days ago, YouTuber Lord Miles was accused of a $14M manipulation on Polymarket. On July, a prediction was launched on Polymarket that Miles would have to endure 40 days in the desert without drinking. Although the "yes" vote was winning, the prediction ultimately turned out to be a "no" after he inexplicably disappeared from the live broadcast and was presumed dead. Miles was actually arrested by Saudi intelligence for terrorism, following accusations by an American who fabricated several reports through a (apparently corrupt) journalist to ensure the final outcome would be a "no". His official page managers claimed that Lord Miles had no criminal record in the UK and that they had evidence to exonerate him. They also invited prominent YouTubers to visit him in prison.

• 1 reply
• 1 recast
• 5 reactions

🖼️You may have noticed that some NFT-related tokens have appeared on the market: the most well-known is $PNKSTR (30x in about 1 month, although now it's down -50%). These are automated trading protocols that connect token, burn and "NFT sweep". How do they work? 1) Each $PNKSTR swap on Uniswap incurs a 10% fee, 8% of which goes into an ETH treasury. 2) When the treasury reaches the minimum floor of CryptoPunk (about 48 ETH today), it buys it. 3) Once purchased, it relists it at a price of +20%. 4) $PNKSTR Buyback+Burn. As said, $ETH earnings are used to purchase $PNKSTR on the market and then burned. This creates deflation for the token. This mechanism has generated over 700 $ETH in fees and a 2.8% reduction in the $PNKSTR supply. This makes the collection more active, leads to on-chain activity (on Uniswap and the Ethereum mainnet), the burning of $PNKSTR, and even 1% royalties for creators. Obviously, the downside is that the 10% fees are very high. For example PudgyStrategy use similar models.

• 0 replies
• 1 recast
• 4 reactions

👤Aside from: - Trump and institutional manipulations. - The usual problems caused by Wintermute-Binance (people who should be arrested). - The Balancer exploit. - The loss of funds by the Stream Finance fund manager (which could spread contagion to various DeFi platforms). The clearest evidence of the negativity the market is pricing in is the DISTRUST in REGULATIONS. All the privacy coins have been pumping for weeks: - $DASH. - $ZEC. - $SCRT. - $DCR. - $NAM. The only one that hasn't pumped is $XMR (but it's stable, with no dumps).

• 0 replies
• 1 recast
• 4 reactions