CryptoPETE (@dungexn) • Hey
Crypto is the future frens
Publications
- Solana Announces Integration Deal with a Top 50 Altcoin
https://en.bitcoinsistemi.com/solana-announces-integration-deal-with-a-top-50-altcoin/
- Remember family is most important
- #btc #eth
- It all makes sense now.
- I just claimed $0.52 in rewards from my @pooltogether.lens deposit! Join me in saving and winning. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=rewards-claim
- $ETHFI airdrop strategy ⚡️
Ether Fi is an LSD protocol, like Lido and Rocketpool.
Thread; how to potentially qualify for a Ether_Fi airdrop 🪂
1/8
What is Ether Fi?
A Liquid Staking Solution. You stake your ETH, and accrue interest rewards derived from Node operators securing Ethereum.
You can learn more about how it works technically:
🔗 https://etherfi.gitbook.io/etherfi/getting-started/introduction
2/8
In their latest medium article, they explicitly say "No token"
They've also tweeted about it.
3/8
In the other hand, within their docs, they explicitly also say
"Governance
In the works ..."
"EtherFI DAO"
"ETHFI Token"
So not sure which one is correct here
4/8
Ether Fi also has an "Early Adopter Program".
They are rewarding points to users that stake.
There was a snapshot taken in April, and they say there is a second coming soon.
No relation between these points to any token or airdrops so far. This is speculation.
5/8
What is the strategy?
Stake your ETH, rETH, stETH, or frax ETH: 🔗 mainnet.ether.fi/eap
They accept any of those tokens as deposits.
They also have 35M of TVL in their contract: 🔗 https://etherscan.io/address/0x7623e9dc0da6ff821ddb9ebaba794054e078f8c4
6/8
Risks?
This is a new protocol, it comes with smart contract risks.
It has been audited by Certik and Zellik: 🔗 etherfi.gitbook.io/etherfi/security/audits
I would only use funds that you can afford to lose.
7/8
Funding?
They have received 5.3M USD in funding, according to Crunchbase.
Seed round 💰
8/8
Not for United States users.
Directly, at least.
Sorry friends, I don't believe they would do this if they could prevent it.
I will update when there is news ⚡️
- Massive news today: Shanghai Upgrade date confirmed 📆 ⚡️
• 16.5M ETH has been staked so far (~30B USD)
• 25% solo stakers. 30% LIDO. 12% Coinbase.
• Date: 12 April, 2023
🧵 Thread: How do ETH withdrawals work? Who are the stakers? Can all of this affect ETH price?
1/11
• What is the Shangai Upgrade? The road so far
As you know, with The Merge ETH migrated from POW to POS.
In POS, ETH is staked to secure the network. People have been staking ETH since December 2020.
2/11
• What is the Shangai Upgrade? The road so far
Up until now, stake ETH was one-way. Stakers could not withdraw it.
However, LSD solutions such as Lido appeared and allowed people to mint tokens such as stETH which are close to 1:1 trading, enabling staked ETH liquidity.
3/11
• What is the Shangai Upgrade?
The Ethereum network is set to upgrade in Apr 12th 2023.
The upgrade will bring changes to the network, including the ability to withdraw staked ETH, worth 30B USD.
Not all ETH would be able to be withdrawn at once.
4/11
• Who are the stakers?
Lido: 29%
Solo stakers: 25%
Coinbase: 12%
Kraken: 7.5%
Binance: 6.1%
Others: 20.4%
5/11
• How much ETH will be withdrawn?
Not all 15M ETH can be withdrawn at once. There is a queue for validators to gradually unlock it.
There are two types of withdrawals, partial and full.
6/11
• Withdrawal types
1. Partial: only interests out, not capital (staked ETH). Maximum amount of ETH possible to be taken is 1M or 1.6B USD
2. Full: interests + capital. Rate limited to only 54,000 ETH/day
(7 validators/epoch. 225 epochs/day) | (24*60)/6.4*7*32 = 54,000
7/11
• Sell pressure
With 50,400 max ETH withdrawable per day, that's 80M maximum potential sell pressure daily.
Last 24hs ETH trading volume was 9B according to CoinGecko.
80M is less than 1% ETH's last 24hs trading volume.
8/11
• LSD = Liquid Staking Derivatives
We also need to consider that ~57% of ETH stakers have liquid access to their ETH thanks to solutions like Lido or Rocketpool.
So these people could have sold long ago, they did not have to wait until April 12 like the other 43%
9/11
• ETH issuance in POW?
Before The Merge, block reward was 2.2 ETH per block. At an AVG rate of 15 seconds/block, that is around 11,500 ETH per day.
10/11
Some of the information from this thread was taken from this report by Binance Research: 🔗 https://research.binance.com/en/analysis/ethereum-shanghai-upgrade
And Dune: 🔗 https://dune.com/hildobby/eth2-staking
11/11
Final thoughts on Shanghai
• The Shanghai Upgrade is a crucial step in the development of the Ethereum network.
• It might cause some price movement in the short term, but for me it is bullish for the ecosystem long term.
ETH has been deflationary in the last 7 days.
Join Alpha Discord: https://earndrop.io/discord
- Top Crypto Analyst Benjamin Cowen Maps Path Forward for Bitcoin (BTC) – Here Are His Targets
[Top Crypto Analyst Benjamin Cowen Maps Path Forward for Bitcoin (BTC) – Here Are His Targets - The Daily Hodl](https://dailyhodl.com/2023/03/24/top-crypto-analyst-benjamin-cowen-maps-path-forward-for-bitcoin-btc-here-are-his-targets/)
Widely followed crypto strategist Benjamin Cowen is laying out the path forward for Bitcoin (BTC) after the Federal Reserve raised interest rates by 25 basis points.
- Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase
[Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase - The Daily Hodl](https://dailyhodl.com/2023/03/24/trading-for-polygon-matic-rival-arbitrum-arb-goes-live-on-top-us-exchange-coinbase/)
Top US-based crypto exchange platform Coinbase is adding trading support for Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB), a chief competitor of Polygon (MATIC).
- **What's new with Lens**
*a wild 🥟 appears* @dumpling introduced a vibey experience of curated Lens videos.
Check it out: dumpling.lol
🎙️The Lens team joined @gelato to talk about @korudao, the first DAO-controlled account on Lens. If you missed it, catch up here: https://twitter.com/LensProtocol/status/1625825590157639680?s=20
🌀@korudao enables multiple community members who hold a Koru NFT to post from a single Lens account. Useful for brands, communities, and teams of creators. More details here
www.gelato.network/blog/i…
🎥 @orbapp enabled video uploads, so you can shoot and post on the go lenster.xyz/posts/0x01-0x0169
🛠️ Coinvise launched a new integration enabling requirements on airdrops to follow a Lens account. https://twitter.com/CoinviseCo/status/1625227144044642305?s=20
📊 @meetvers launched on Lens giving the community access to big data insights and powerful networking algorithms. lenster.xyz/posts/0x98dd-0x1d
🤝 Wagmifund announced a web3 crowdfunding platform https://twitter.com/wagmidotfund/status/1613232244294062080?s=20
📍Pinsta released a new update with tons of new features and fixes, check it out here lenster.xyz/posts/0x016efc-0x01c1
🔥 Bonfire enables you to bring collectors to Lens with one click https://twitter.com/bonfire_tweets/status/1623403567229927425?s=20
Explore the Lensverse t.co/8WVwTecAAz & help contribute to the community by listing your fave projects and features in the comments below. If you want to get more involved, integrate, or build using Lens, @nader.lens and @fabri.lens are here to help you get started
- Staying safe online is more important than the money you make. Learn how...https://youtu.be/37t6Ulanm7w
[Check Safe Address Eligibility| Revoke Approvals On Arbitrum| How To Use Fire App #arbitrum #Fire](https://www.youtube.com/watch?v=37t6Ulanm7w)
I hope you guys learned something from this video and if you did make sure to LIKE and SUBSCRIBE!USEFUL LINKS:Twitter Handle:https://twitter.com/Pstprincepet...
- Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points bps on Wednesday, citing the… read more:
[Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025 – Bitcoin News](https://news.bitcoin.com/federal-reserve-hikes-rate-by-25bps-to-keep-inflation-at-bay-aims-for-2-inflation-rate-by-2025/)
On Wednesday at 2 p.m. Eastern Standard Time, the Federal Open Market Committee (FOMC) revealed that it would raise the rate by 25bps.
- $ARB PRICE SCENARIOS 🦅🔵
Investor price* → Market Cap 85M - ARB $0.07
Pessimistic → Market Cap 360M - ARB $0.30
Moderate → Market Cap 780M - ARB $0.65
Optimistic → Market Cap 1.4B - ARB null.20
Ecstatic 🎉 → Market Cap 3.0B - ARB $2.50
@Arbitrum Thread 🧵 - Let's estimate 🧠
$ARB is launching in 6 days
Snapshot Date: Feb 6th 2023
Many active DeFi got this airdrop (12% of the total supply)
How much could $ARB be worth a few days after launch?
1/18
Arbitrum One is the biggest Ethereum Layer2 blockchain in the space, by TVL and market share
• Market share: 55%
• TVL: $3.7B
2/18
Today we will roughly try to estimate $ARB price valuation a few days after launch - after the dust settles. By using:
• Total & initial circulating supply
• Market Benchmarks
• Percentage airdropped
3/18
TOKENOMICS
• Team & Advisors: 26.94%
• Investors: 17.53%
• Treasury: 42.78%
• Airdrop to users: 11.62%
• Airdrop to Arbitrum DAOs: 1.13%
4/18
TOKEN SUPPLY
• Total supply: 10B tokens (10,000,000,000)
• Circulating supply on 1st day: roughly 1.2B (1,200,000,000)
~12% of total supply
User airdrop is immediately unlocked. It's safe to assume that Airdrop to Arbitrum DAOs will not enter the market right away
5/18
AIRDROP CRITERIA
• Conducting transactions during 2-9 distinct months
• Transaction frequency & interaction (4-100)
• Arbitrum Nova activity: 3-10 transactions
• Bridging to Arbitrum & Arbitrum Nova
• Transaction value: $10k-$250k
• Providing liquidity: $10k-$250k
6/18
🔗 Check your eligibility here: arbitrum.foundation
🚨 Careful with scam links, always get your link from @Arbitrum twitter
Now, let's try to make scenarios for $ARB's price 👇
7/18
FDV AND MARKET CAP MEANING
• Fully Diluted Valuation (FDV) = total supply * token price
• Market cap = circulating supply * token price
With $ARB numbers:
FDV = 10B * token price
Market cap = 1.2B * token price
Token price = ❓
8/18
SPECULATING INVESTOR'S PRICE
According to Crunchbase, Offchain Labs raised 120M.
Investors are getting ~17% of the token supply, which is around 1.7B tokens.
If they bought 1.7B tokens for $120M, then that's around $0.07 per ARB. Pure speculation 👀
9/18
The best benchmarks for $ARB are Optimism and Polygon, but we can also work with other chains. Let's compare:
• Polygon $MATIC
• Optimism $OP
• Fantom $FTM
• Solana $SOL
10/18
Optimism $OP - the 2nd biggest Ethereum L2
• TVL: $950 million (DefiLlama)
• FDV: $10.8 billion
• Market cap: $800 million
If $ARB had this FDV, its price would be ~null.08
11/18
Polygon $MATIC
• TVL: null.05 billion
• FDV: $11.8 billion
• Market cap: $10.7 billion
If $ARB had this FDV, its price would be ~null.18
12/18
Fantom $FTM
• TVL: $445 million
• FDV: null.4 billion
• Market cap: null.2 billion
If $ARB had this FDV, its price would be ~$0.14
13/18
Solana $SOL
• TVL: $245 million
• Market cap: $7.7 billion
• FDV: $10.9 billion
If $ARB had this FDV, its price would be ~null.09
14/18
Summarizing:
• $ARB with the FDV of $OP: null.08
• $ARB with the FDV of $MATIC: null.18
• $ARB with the FDV of $FTM: $0.14
• $ARB with the FDV of $SOL: null.09
15/18
If the market prices ARB at the same level as OP and MATIC (~10B FDV) then token price could be ~null.00
In contrast, for ARB price to be $3.00, its FDV needs to be 3 times the size of OP's.
Yes, Arbitrum has two times Optimism's TVL, but I don't know if that is enough.
16/18
PRICE SCENARIOS
Pessimistic → Market Cap 360M - ARB $0.30
Moderate → Market Cap 780M - ARB $0.65
Optimistic → Market Cap 1.4B - ARB null.20
Ecstatic 🎉 → Market Cap 3.0B - ARB $2.50
17/18
The first hours of trading will probably be a mess, so expect volatility.
These numbers are just a price iteration and comparison to what's already out there. I don't expect them to make sense the first day of trading.
18/18
LIQUIDITY
Remember Optimism partnered with Wintermute for liquidity on $OP launch; we should wait to see how Arbitrum does it. I think they will surely take care of initial liquidity.
At which price would you sell $ARB?
⚡️ Join me on Telegram for lightning-fast alpha notifications: https://t.me/OlimpioAlpha
👥 Also, lots of DeFi and Airdrop talk is going on inside Earndrop's server, join here: https://earndrop.io/discord
- Follow 4 Follow 🏅🏅🏅
[https://phaver.app.link/walnut](https://phaver.app.link/walnut)
- majestic af 👑
- Let me show you something special. My live performance at @FestivalEVX's @ARTEconcertFR sessions. 3 songs on stage with my frens Meta_, Arâm and Vasco Dias. It was a dream come true. After a really complicated travel from Portugal to France, we managed step on the stage right on time to record this beauty:
https://www.youtube.com/watch?v=71cJwc0wezs&ab_channel=ARTEConcert
- Learning all the web3 in the middle of the night and working tired as mofo all day lets go! #Yasai