696.eth (🌸, 🌿) (@94086) • Hey
Changing the world 1️⃣ post at a time!
Follow me on Lens
and Check out https://paragraph.xyz/@696eth
Super follow only 0.696 wmatic!
Publications
- SEND EEEET
$LENNY
- Introducing $LENNY Coin On Polygon Network
Upcoming Lenny Airdrop For Lens Profile Holders
No Affiliation With Anyone , A Community Driven Memecoin On Lens Protocol For Creators , Collectors And Active Users Contributing On Lens Protocol
Stay Tuned For More Updates And Reward Details
Comment "LENNY" Below For 🎁🍀
- farming
p.s. please collect this post I need a bit of matic for gas, ty
- airdrops👀
- airdrops👀
- hey
- 🔥🔥🔥
- gm im back with a new PFP
- Donate!!
- this is cool
- gm
im back to see if anything has improved at all
- nice
- gm
im back to see if anything has improved at all
- Find it here 👇
https://evmavericks-weekly.netlify.app/
- Find it here 👇
https://evmavericks-weekly.netlify.app/
- bruh moment
- Thiis!!!
- 🦁Everything you need to know about the last week in EVMavericks in less than 69.6 seconds 👇
1. [ETHbenezer shares their experience attending a local town townhall to ask questions about crypto]
(https://twitter.com/ETHbenezer/status/1678619415359934465)
2. [Doomfuzz is dropping the The 1st fully on-chain generative art collection on zksync on July 20th](https://twitter.com/doomfuzz_eth/status/1679942792275976195?s=20)
3. [Ethfinance Weekly Doots #27, led by our one and only host - JT](https://www.youtube.com/watch?v=pvPp5ii6wmI&ab_channel=EVMavericks-Ethfinance)
4. The degen chat has been going strong but other than that the discord has been pretty chill.
Reminder for ethfinance folks that we have a daily-discussion channel in the discord. There's also a kbin server.
Security reminder: [here's a few guides](https://i.imgur.com/a/DSvQrXs.png)
Additionally, if you are in EVMavericks discord, we have a security channel. You can literally mute everything else but that channel and only get notifications from there.
- ### EVMavericks Weekly #26: July 3-9, 2023
[Twitter Thread](https://twitter.com/696_eth/status/1678476687699501056) |
![](https://i.imgur.com/TogwHIb.png)
🦁Everything you need to know about the last week in EVMavericks in less than 69.6 seconds 👇
1. [Duck x Pop mint is now live!](https://twitter.com/DuckxPop/status/1678316521418784770)
2. Lots of talk and internal votes on a variety of topics: decentralized social media, chad fund, treasury funds (EVMs).
3. hanniabu shares that they [found caches.xyz by jbm on the hackers news](https://news.ycombinator.com/item?id=36649320)
4. [Ethfinance Weekly Doots #26 with our guest Frisson from Tally.xyz](https://www.youtube.com/watch?v=twRs1bpsAc8&ab_channel=EVMavericks-Ethfinance)
Reminder for ethfinance folks that we have a daily-discussion channel in the discord. There's also a kbin server.
Security reminder: [here's a few guides](https://i.imgur.com/a/DSvQrXs.png)
Additionally, if you are in EVMavericks discord, we have a security channel. You can literally mute everything else but that channel and only get notifications from there.
- 😂
- this is siiick!
- cant mirror so gotta QT
- I'm a Pudgy Penguin now 🐧
- Curious about that as well! maybe it's time!
I have warpcaster/farcaster invites if anyone needs one!
- 🦁Everything you need to know about the last week in EVMavericks in less than 69.6 seconds 👇
EVMavericks Weekly #24: June 26-July 2, 2023
1. Lots of EVMavericks are eligible for Diva airdrop from their ethereum & staking activity. The drop happened last week.
2. [Dray11 launches a small project to raise money for charity, an NFT collection on Polygon where all proceeds from the mint and any royalties will all go to charities voted on entirely by the holders, more details here if anyone is interested in being a part of it (mint date 10- July)](https://twitter.com/DuckxPop/status/1674048123243560960?t=cM9aYYKyLCR7N4k3WIyAeQ&s=19)
3. mtitus6 continues improving [EVMavericks Resume Dashboard](https://dune.com/mtitus6/EVMavericks-Resume)
4. TheBenMeadows starts his [ABC foundation for artists](https://twitter.com/TheBenMeadows/status/1674177946343575552).
5. Lots of minted BANG! by Cyber Sea as we ended up getting AL spots through doomfuzz's magic.
6. Dondo shares a link to [a decentralized AI hackathon in Paris](https://www.augmenthack.xyz/)
7. Etheraider shares with us about [wonder dynamics](https://app.wonderdynamics.com/)
8. [Ethfinance Weekly Doots #25 with our guest Gravning Amundsenfrom from Firn Protocol](https://www.youtube.com/watch?v=Z0Jyor_MyFk&ab_channel=EVMavericks-Ethfinance)
9. rz breaks down how betonchain works in this [twitter thread](https://twitter.com/Betonchaingg/status/1674834749012180992)
10. whatthefuck.eth continues leading the Chad Fund and does a temperature check on the discord.
Reminder for ethfinance folks that we have a daily-discussion channel in the discord. There's also a kbin server.
Security reminder: [here's a few guides](https://i.imgur.com/a/DSvQrXs.png)
Additionally, if you are in EVMavericks discord, we have a security channel. You can literally mute everything else but that channel and only get notifications from there.
- EVMavericks Weekly #24: June 19-25, 2023
🦁Everything you need to know about the last week in EVMavericks in less than 69.6 seconds 👇
1. Buidlathon projects were presented, judged on aaaaand... we have ended up with [a 3 way tie!](https://i.imgur.com/nkuA8Q7.png) Each projects gets 3.06E!
2. roar-y revamps [DAO EVMavreciks Site](https://dao.evmavericks.xyz/) highlighting EVM milestones and current activity
3. mtitus6 shares [this useful site](https://payload.de/data/) for those with validators
4. [Ethfinance Weekly Doots #23 with our guest Pablo Villalba from Diva Labs](https://www.youtube.com/watch?v=7a_aZ095wJU&ab_channel=EVMavericks-Ethfinance)
Security reminder: [here's a few guides](https://i.imgur.com/a/DSvQrXs.png)
Additionally, if you are in EVMavericks discord, we have a security channel. You can literally mute everything else but that channel and only get notifications from there.
- Thinking I need to add “Meme Menace” to the bio 🤔 https://t.co/lBHqL2S3qw
- 4 years ago today, Chainlink launched on mainnet.
We want to thank the many developers, researchers, data providers, node operators, users, and community members that have worked to make #Chainlink the standard for connecting the world to blockchains.
Our story: https://youtu.be/Uh9zZ4__abk
- gm lens fam🧡
it's been a while since I used lens
got onto farcaster/warpcast quite recently a have been enjoying it more for quality posts while twitter is still most fancy stuff anyways
- Today marks our 1 Year Anniversary of making friends onchain 🎂!
Thank you to everyone who has made the first year of Lens Protocol so special and groundbreaking. Lens has brought together builders, creators, communities, and friends, all while in beta.
There's so much planned for the second year ahead, and we can't wait to continue to grow with all of you.
Who did you become frens with on Lens?
🎨 by @nftsushi.lens and all collect proceeds go directly to the artist.
- Safely moving funds to Trezor…
- ⚠️ 𝙇edger is going downhill fast📉(BE CAREFUL‼️)
How? WHY?
Introducing Ledger Recover for Nano X users:
Turns your cold wallet into a hot steamy wallet!
Wonder how much it costs and why it's an awful idea? 🧵👇
Only $9.99/month!
On top of buying their hardware wallet first.
Seems a bit counteractive, isn't it?
Oh, and don't forget to share with them your ID too.
As per Ledger CEO's alpha, Which they 𝘱𝘳𝘰𝘶𝘥𝘭𝘺 shared earlier this month ⬇️
https://twitter.com/_pgauthier/status/1653463160370675730
⛔Why is it an awful idea? 🤔
🔴Seedphrase leaves your device defeating the whole purpose of their hardware wallet
🔴Ledger had a data breach before
🔴You are giving your keys to centralized custodians (extra parties, government can seize, etc)
📰 https://www.ledger.com/message-ledgers-ceo-data-leak
What to do next?
Be on the lookout for them rolling out upcoming firmware updates and DO NOT update it yet.
Why?
New update activates a new 'ability' to extract seedphrase regardless of your preference for that service, according to Ledger Co-founder
https://www.reddit.com/r/ledgerwallet/comments/13itm7u/comment/jkbyyfp/
- gm lenster fam!
- what is your # on lens?
23946
- Possibilities are endless. 🔥
Use your imagination. 🔮
Keep going even after facing the first challenges. Hit harder. 👊
- Happy Earth Day 🌎✨
Lyrics from a song I recently wrote:::
Grateful for my Mother & my Father
Grateful for this planet that we’re on
May we find the power that’s within us
May we realize that we’re all ONE
Each of us are here on our own mission
Each of us hold space for a New Earth
All the generations those before us
All the generations yet to come
May you find your purpose on this planet
To help us all ascend & be reborn
Collect this for 1 MATIC - 10% referral fee
- gm
contribute to KZG ceremony to help scale Ethereum!
https://ceremony.ethereum.org/
- ETH is >$2k!?!?
- gn
- **Withdrawals are coming in less than 6.9 hours!**
For you to know to make your own decisions, Here's the most important basics of the Shapella fork 🧵
The Shapella upgrade = Shanghai + Capella
Set to happen at epoch 1940848 3:27 PM PST on 4/12.
It will allow validators to withdraw their stake from the Beacon Chain.
Exited (3996) will be withdrawn upon the upgrade.
The same applies to excess balances of active validators.
While 115,200 validator withdrawals can be processed per day (assuming no missed slots).
The number of validators that can exit the beacon chain per day is approximately only 1800.
We can expect the maximum of 57600E (1800 * 32) released in a day.
It would take at least 313 days to exit all current 562893 validators (18.2M of Ether, 15.15% of total ETH supply).
And the less validators they are - the more yield they get!
Here's a quick reminder on how the yield works proportionally to Ether staked
https://twitter.com/696_eth/status/1613599886787907584
However, the reality is different when we are looking at the top depositors.
We can see that Lido, who is the largest holder with 31% of all Ether staked, will enable withdrawals only in a month.
Coinbase, who have 12% staked, plans to enable within 24 hours after the upgrade.
Kraken (6.9%) has to stop offering staking services to US customers so one of the options is to choose to exit validators from US based customers.
Rocketpool will take about a week due to their upcoming Atlas upgrade. The sell pressure from withdrawals is relatively limited.
So where can it come from?
From excess - stakers selling the rewards.
From those who choose to exit for a variety of reasons:
• needing to pay taxes
• wanting to take some profits
• rebalancing
& many others
The cost of validator nowadays is relatively high - almost $60k!
For comparison, the cost of validator was only $19520
During one of the biggest deposit weeks early on.
So while there's reason for people to exit
As the upgrade creates this choice to withdraw your staked ether,
We should not equate withdrawing to selling!
While noone knows what's going to happen short term.
What is certainly clear - there would be more liquidity available!
The Shapella upgrade is crucial part and certainly is going to impact the network in a beneficial way by bringing the ability to withdraw staked ether!
- **Withdrawals are coming in less than 6.9 hours!**
For you to know to make your own decisions, Here's the most important basics of the Shapella fork 🧵
The Shapella upgrade = Shanghai + Capella
Set to happen at epoch 1940848 3:27 PM PST on 4/12.
It will allow validators to withdraw their stake from the Beacon Chain.
Exited (3996) will be withdrawn upon the upgrade.
The same applies to excess balances of active validators.
While 115,200 validator withdrawals can be processed per day (assuming no missed slots).
The number of validators that can exit the beacon chain per day is approximately only 1800.
We can expect the maximum of 57600E (1800 * 32) released in a day.
It would take at least 313 days to exit all current 562893 validators (18.2M of Ether, 15.15% of total ETH supply).
And the less validators they are - the more yield they get!
Here's a quick reminder on how the yield works proportionally to Ether staked
https://twitter.com/696_eth/status/1613599886787907584
However, the reality is different when we are looking at the top depositors.
We can see that Lido, who is the largest holder with 31% of all Ether staked, will enable withdrawals only in a month.
Coinbase, who have 12% staked, plans to enable within 24 hours after the upgrade.
Kraken (6.9%) has to stop offering staking services to US customers so one of the options is to choose to exit validators from US based customers.
Rocketpool will take about a week due to their upcoming Atlas upgrade. The sell pressure from withdrawals is relatively limited.
So where can it come from?
From excess - stakers selling the rewards.
From those who choose to exit for a variety of reasons:
• needing to pay taxes
• wanting to take some profits
• rebalancing
& many others
The cost of validator nowadays is relatively high - almost $60k!
For comparison, the cost of validator was only $19520
During one of the biggest deposit weeks early on.
So while there's reason for people to exit
As the upgrade creates this choice to withdraw your staked ether,
We should not equate withdrawing to selling!
While noone knows what's going to happen short term.
What is certainly clear - there would be more liquidity available!
The Shapella upgrade is crucial part and certainly is going to impact the network in a beneficial way by bringing the ability to withdraw staked ether!
- gn
- Soon!
- gn
- 🦁**Important** info from the last week in @EVMavericks in less than 69.6 seconds 👇
1. This week there has been lots of potential ideas discussed in the creators and other channels. Nothing set in stone yet and as we know good things take time and some level of discussion.
2. Love seeing members helping each other out in various channels regarding different concerns: from technical to creative to feedback to IRL to life advice.
3. ZombieBP shares alchemy course that has been open to the public - https://university.alchemy.com/
4. And as always there's lots of action and talk about NFTs, tokens, new projects, AI, ideas, potential airdrops, potential plays, leverage trading, news, DAOs, rugs, memes and much much more and unexpected in the degen chat.
Join @EthfinanceR
More - https://evmavericks-weekly.netlify.app
- gm commUNITY
- 🧵Let’s take a look at ENS Token $ENS and why it’s a waste of money buying it.
Starting with **Tokenomics**.
Current Circulating Supply is **25,783,233** out of 100,000,000 (Total Supply
)
The main purpose for this token is to **govern** the ENS DAO. Economically there’s no incentive for this token to appreciate. Now by taking a look at the holders statistics:
We can see there’s about 64k addresses that govern the whole process. It’s heavily skewed towards top holders although we have to disregard the top holding addresses majority, ~75%, of the token is still undistributed.
But few holders still hold the most. On top of that, the protocol has grown.
There’s about 676k unique participants now. That is x10 the amount of ENS token holders. And when the token drop happened there was about ~137k holders eligible but only 100k claimed their share.
Using duneanalytics again, we can check to see that the majority of the users have gotten around 200ish tokens, which is an equivalent of spending $2714 to get those today, and more active users have gotten around 500, $6785 as of today.
However, as the protocol’s base has grown exponentially after the airdrop, the governance is still held in the hands of minority. Remember, only 1/10th of ENS domains owners have ENS tokens and then top 100 holders hold the 90%. Fortunately, the delegation of tokens to representatives helps to give some power to people with less tokens but nowadays it’s nothing more than just an illusion of power.
Take this one of the recent proposals that has passed. It had a total of 2.34M votes casted. And as we can see from the picture above, we are getting into a territory of parties, still mostly delegates, that has only around 10k tokens.
That’s only about 0.01% of voting power for…$135700
And while with the raise of new domain owners, that has happened after the airdrop, we do have more new people who care about ENS, build tools and want to get involved more maybe simply through the governance process.
In reality, buying ENS tokens, as it’s often suggested as a direct and tangible way of make a change, not only is not going to create *any* change, it’s a very likely waste of hard earned money for new users.
Going forward I’m hoping the users that are coming in the cycles as the protocol keeps growing exponentially will be eligible for next waves of airdrops that are proportionate to the users. For example, an average of 15-20 tokens to the new 550k of unique addresses since the last airdrop. That comes out to about 11M of tokens (550k*20), which is about 43% of the current circulated supply.
And while it’s probably not going to be done, there needs to be some new step for new users to have an option to be involved in the governance in a way that’s more fair and doesn’t require spending insane amounts of money for nothing.
How it’s all going to unfold - noone knows. Maybe it’s too early to tell and yet, I’m curiously going to be watching how the governance process of the ENS DAO changes as it faces new challenges.
As of right now, your money would be better off than buying this *useless for you* token.
Want more and sooner?
**Subscribe** to https://paragraph.xyz/@696eth And https://696eth.substack.com
Have any specifics questions?
Topics for me to explore?
Projects to look into and cover?
Drop them all in the replies 👇
- 🧵Let’s take a look at ENS Token $ENS and why it’s a waste of money buying it.
Starting with **Tokenomics**.
Current Circulating Supply is **25,783,233** out of 100,000,000 (Total Supply
)
The main purpose for this token is to **govern** the ENS DAO. Economically there’s no incentive for this token to appreciate. Now by taking a look at the holders statistics:
We can see there’s about 64k addresses that govern the whole process. It’s heavily skewed towards top holders although we have to disregard the top holding addresses majority, ~75%, of the token is still undistributed.
But few holders still hold the most. On top of that, the protocol has grown.
There’s about 676k unique participants now. That is x10 the amount of ENS token holders. And when the token drop happened there was about ~137k holders eligible but only 100k claimed their share.
Using duneanalytics again, we can check to see that the majority of the users have gotten around 200ish tokens, which is an equivalent of spending $2714 to get those today, and more active users have gotten around 500, $6785 as of today.
However, as the protocol’s base has grown exponentially after the airdrop, the governance is still held in the hands of minority. Remember, only 1/10th of ENS domains owners have ENS tokens and then top 100 holders hold the 90%. Fortunately, the delegation of tokens to representatives helps to give some power to people with less tokens but nowadays it’s nothing more than just an illusion of power.
Take this one of the recent proposals that has passed. It had a total of 2.34M votes casted. And as we can see from the picture above, we are getting into a territory of parties, still mostly delegates, that has only around 10k tokens.
That’s only about 0.01% of voting power for…$135700
And while with the raise of new domain owners, that has happened after the airdrop, we do have more new people who care about ENS, build tools and want to get involved more maybe simply through the governance process.
In reality, buying ENS tokens, as it’s often suggested as a direct and tangible way of make a change, not only is not going to create *any* change, it’s a very likely waste of hard earned money for new users.
Going forward I’m hoping the users that are coming in the cycles as the protocol keeps growing exponentially will be eligible for next waves of airdrops that are proportionate to the users. For example, an average of 15-20 tokens to the new 550k of unique addresses since the last airdrop. That comes out to about 11M of tokens (550k*20), which is about 43% of the current circulated supply.
And while it’s probably not going to be done, there needs to be some new step for new users to have an option to be involved in the governance in a way that’s more fair and doesn’t require spending insane amounts of money for nothing.
How it’s all going to unfold - noone knows. Maybe it’s too early to tell and yet, I’m curiously going to be watching how the governance process of the ENS DAO changes as it faces new challenges.
As of right now, your money would be better off than buying this *useless for you* token.
Want more and sooner?
**Subscribe** to https://paragraph.xyz/@696eth And https://696eth.substack.com
Have any specifics questions?
Topics for me to explore?
Projects to look into and cover?
Drop them all in the replies 👇
- I am also posting my longer form articles on https://paragraph.xyz/@696eth
and substack. But embracing web3 options more and paragraph has been pretty nice!