Brad (@french_republic) • Hey
An OG lens guy; sharing some web3 ideas
Publications
- happy crypto summer!
- Great day for #BTC lovers
- Some days, be patient is true value
- 6.8M+ transactions
872K+ addresses
Thank you builders!
- Thales on fire !
- **Hey anon, we’re excited to drop 🌿Wagame $LENS cheat sheet 🤫👇 and with this occasion**
**we’ll give away 1 KoruDAO NFT ($285 on OS) - to enter #LMCC (paid collect 2,85 WMATIC)**
You’ve probably seen countless speculations about “guaranteed” airdrop from Lens - we have come to the conclusion that most likely none of these speculations will end up to be true, our evidence points to something more nuanced than these.
Many assume @lensprotocol is just following the usual airdrop blueprint and will reward anyone who made a couple of posts and has a 2 digit follower count. This narrative has been pushed on tweetr by threadoors to farm engagement - read on to learn what our research revealed **👇**
1️⃣ Lens target business model
2️⃣ Stani’s views on airdrops
3️⃣ Where Lens currently is as a project
Now let’s review each 🔎
**1️⃣ Lens target business model**
If you were at Lens 1st Twitter Spaces last yr you’d notice that the entire chat was about artists + music NFTs. @stani.lens keeps on posting about the same & even reached out to some rappers. He also hired ex-TikTok staff - app known for creative content
Use Lens advanced post search tool by @rickydata.lens and see how often Stani posts about this:
‘Music’ 👉46 posts
‘Rap’ 👉27 posts
..and so on
https://lenster.xyz/posts/0x0102cc-0x01a9
🧠 Conclusion: Lens is targeting indie creatives and wants them to be posting their content on Lens. You, random degen, is not their top priority as poster right now, sorry 🥲. You’re still wanted on Lens, but mainly as collector of their posts
Why target creatives?
Because artists can sell their art as NFTs on Lens and Lens can get a cut from these sales. This is a potential source of revenue that makes their business model sustainable over the long run
Also, if everyone starts buying & selling each others’ posts, it’ll make use of Lens’ key feature - you own your data and are free to monetise it. See the statements made in their Open Letter
Lens = social content marketplace
**2️⃣ Stani’s views on airdrops**
Stani is known as someone who doesn’t like to do airdrops. We think he means “standard” airdrops here that just reward every participant. But he clearly understands the pitfalls of just dropping a token to everyone who interacted with the platform.
🧠 Conclusion: content that adds value > random posts to game the system in the hopes of airdrop
Simply posting stuff on Lens that doesn’t generate any traction (non-viral content) and doesn’t add much value is unlikely to be determining factor imo
Still, Stani is Web3 native & understands that not rewarding early supporters is a lost game, especially for a project that requires social support. We may see some rewards for being early user, we just think that it’s unlikely the MAIN criteria
**3️⃣ Where Lens currently is as a project**
Based on the same Open Letter, Stani has big plans for Lens to challenge Web2 social media giants. If Lens is to take on TikTok & Twitter, it needs many more users than just Web3 natives. They need to reach ‘normies’
https://www.lens.xyz/letter
But right now there’s only 88k Lens handles with a post. Hard to say how many of these are Sybils. Compare this to Twitter and TikTok user base and global reach. We’re still early and normies aren’t here yet
https://dune.com/gm365/lens
🧠 Speculation: expect some creative way to incentivise normies to join Lens. $LENS content monetisation (social mining?). Vampire airdrop targeting top creators on YouTube, TikTok etc? Wouldn’t that be crazy & generate big mainstream buzz?
So what MIGHT happen, based on the above?
🌿 If there’s airdrop, simply minting Lens handle and sitting on it won’t do. This is not ENS
🌿 Creators that managed to generate a following and sales via collects (+those that collected their NFTs) might stand higher chance of rewards
🌿 Buildors (Lenster, Orb, Lenstube etc) might also get allocation just like we have seen with Arbitrum and Optimism Stack. It could be up to the projects then how to use this allocation - some might choose to reward past users, some might choose to do incentives
Other things that Lens might consider in future:
🌿 Introduce monetisation where the more engagement your post gets (via paid collects for example), the more $LENS you get. Similar to liquidity mining but on a social media app. Social mining? Think monetisation on YouTube
Other things that Lens might consider in future:
🌿 As mentioned above - vampire airdrop to creatives with a following on current Web2 social media. They would then have to shift to Web3 if they want to claim their tokens. Would be a big onboarding event for their followers too
Gaming the criteria will be almost impossible, abuse is avoided thanks to @sismo zkdrop - to get an idea how it could look like, check out Sismo Ethereum Influencer ZK-badge:
https://app.sismo.io/twitter-ethereum-influencers
🌿 Being early supporter might still play a role.
But quality posts > quantity, plus focusing on what Lens team is focusing on atm (supporting creatives by collecting their paid posts) might be a better alpha play. So create good paid content or collect it from others
**What action to take if you have no coding skills and aren’t a creative talent?**
🌿 be consistent: try to switch to Lens protocol as your preferred social media platform, interact with other active users daily
Stay tuned, we will drop more opportunities for our subscribers to actively interact on Lens protocol in a fun way - promised!
@punkess.lens has got you covered with the most extensive resource on how to get started on Lens:
https://lenster.xyz/posts/0x0f85-0x1452
🌿 become a collector: most paid collects are fairly cheap <10 WMATIC, a good start is to collect this post! Don’t miss this opportunity, we’ll give away our KoruDAO NFT to 1 lucky collector! #LMMC this post to enter the fair raffle via @lensdropxyz.lens 👇
@korudao.lens is the first DAO owned Lens account, the 282 KoruDAO NFT holders are able to post on Lens protocol from a 10k subs account. The projects was started by the OG’s from @gelato.lens and is currently in the process of finding a consensus between DAO members (=NFT holders) to provide the most value to the DAO over short time goals from individual members. An interesting experiment to say the least and hence the NFTs floorprice on OS is currently at $285.
https://opensea.io/collection/korudao
Below a few more posts you could consider to collect:
Support @lenstaxyz.lens
https://lenster.xyz/posts/0x019086-0x83
Support @rickydata.lens
https://lenster.xyz/posts/0x0102cc-0x01ac
Possible 2in1? @zerion.lens
https://lenster.xyz/posts/0xad5d-0x4c
- during the next #bullrun we’ll be called « lucky »…. but we are not, we are just courageous
- #ethereum great day. But early eth investors are strongly attached to this ecosystem; the possible dip might be not that strong IMO
- What is Zero Knowledge Proof - Explain Like I'm Five
A simple and straightforward explanation of what zero-knowledge proof is, what it means to be zero-knowledge, and an example to visualize and help understand the concept, real-life use cases, and challenges facing ZKP technology.
- I'm too generous, here's my airdrop routine !
#LMCC if you appreciate it and follow me if you want to
- White Rabbit
- Love how everyone ia doing Lens circles and that it took @juancito.lens only 6 hours to build it 🌱Builders on Lens are amazing 👏
- 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
- Hey #lens community! Give me some energy today: make this post the first ever to cross the 100000 likes. Ready @stani.lens ?
- @arbitrum drama is one more step to the real decentralization
- Should Lens be on its own network or rollup?
- #nftart #orrvan2 #lenster #lensview
If you like these artworks,please🔻
1️⃣ Mirror
2️⃣ Like
3️⃣ Collect
- Tune in to our Community Call in 1 hour on Discord for an overview of our latest progress and some alpha on what's ahead!
📍debridge-stage
See you there👋
https://discord.gg/debridge
- Keep cool and trust #bitcoin
141k$ in January 2014 according to #chatgpt
- LensGarden NFT is the first dynamic NFT collection on Lens Protocol, it is a unique blockchain-based platform that is part of the LensProtocol ecosystem. It rewards users for creating and curating high-quality content, providing incentives to engage with the LensProtocol community and build their profiles.
Users can earn XP by completing activities such as joining liking, commenting, following Lens users, and completing challenges. As they progress through the levels, they have the opportunity to mint exclusive NFTs that cannot be traded on marketplaces, adding further value to the platform.
Here are some tips on how to increase your XP:
Gain followers: For each new follower, you'll earn 50 XP points.
Create new posts: Every post you create on the Lens Protocol ecosystem will get you 30 XP points.
Leave comments: For every comment you leave, you'll earn 20 XP points.
Collect : Each post of yours that is collected on the Lens Protocol ecosystem will get you 20 XP points.
Mirror other users: Each time you mirror another user's post, you'll earn 30 XP points.
Lens Garden NFT presents an exciting opportunity to invest in a growing blockchain ecosystem that rewards engagement and incentivizes high-quality content creation. The potential for growth and innovation is significant. Additionally, in Q2, you can look forward to the launch of Lens Tunes and an exciting new game.
Join us today and become a part of this innovative and exciting ecosystem.
- Wisdom advice: don’t waste time to FOMO
- LensGarden NFT is the first dynamic NFT collection on Lens Protocol, it is a unique blockchain-based platform that is part of the LensProtocol ecosystem. It rewards users for creating and curating high-quality content, providing incentives to engage with the LensProtocol community and build their profiles.
Users can earn XP by completing activities such as joining liking, commenting, following Lens users, and completing challenges. As they progress through the levels, they have the opportunity to mint exclusive NFTs that cannot be traded on marketplaces, adding further value to the platform.
Here are some tips on how to increase your XP:
Gain followers: For each new follower, you'll earn 50 XP points.
Create new posts: Every post you create on the Lens Protocol ecosystem will get you 30 XP points.
Leave comments: For every comment you leave, you'll earn 20 XP points.
Collect : Each post of yours that is collected on the Lens Protocol ecosystem will get you 20 XP points.
Mirror other users: Each time you mirror another user's post, you'll earn 30 XP points.
Lens Garden NFT presents an exciting opportunity to invest in a growing blockchain ecosystem that rewards engagement and incentivizes high-quality content creation. The potential for growth and innovation is significant. Additionally, in Q2, you can look forward to the launch of Lens Tunes and an exciting new game.
Join us today and become a part of this innovative and exciting ecosystem.
- #joe is printing so much #realyield
https://twitter.com/traderjoe_xyz/status/1641360820092239875?s=46&t=Rsh5OeBXj8LWJHABYn_KXg
- #arb is flying over #crypto market
- TVL (7 days moves)
- TVL (7 days moves)
- ARB distribution model was designed by Nansen 🔵 🦅
+2,300,000 addresses bridged to Arbitrum before the snapshot.
Online 625,143 were eligible for ARB. Only around 30%!
What can we learn from their report?
5 key take-aways so you don't get excluded from airdrops ⚡
1/5
Eligibility Criteria:
- Conducted transactions: number, value, and time thresholds
- Arbitrum Nova: bridging & conducted transactions
- Dapps and Governance activity
- Liquidity providing
💡 Take-away: the more different activities, the better. Be active!
2/5
USD Value. I know this is a given, but it's important to stress out.
• The majority of wallets transact on small USD amounts
• The majority of wallets got small airdrops (USD value terms)
💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it!
3/5
The number of transactions
• The majority of the wallets made 1-2 transactions (1M+ wallets)
• Only 100k wallets made 50-100 transactions
Median = 3
Average = 28
💡 Take-away: more transactions = more valuable airdrop.
Become a recurring user.
4/5
Sybil wallets:
• The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop
• Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop
• 172k wallets excluded
💡 Take-away: be user, not a "hunter"
5/5
Negative criteria ⚠️
This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB.
These users got less ARB:
• All transactions in a 48h period
• Interacted with only 1 smart contract
• Low ETH balance in Snapshot day
There's a lot more data in their official report.
Read the full blog post here:
🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community
Join alpha discord: https://earndrop.io/discord
- 🎉🌿Just minted my Lens Garden NFT! Proud to be part of this innovative project. Join our Discord community: discord.gg/lensgardennft 🎉🌿 #lensgarden #lens #web3 #nft #lensgardennft
via @lensgardennft built by: @aliii @hascoin
- #happyeverydays
- 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
- mum, I’m on zkEVM now
- #happyeveryday
- Welcome, Dexfin Wallet🤝
Seedless wallet + cross-chain trading! Dexfin Wallet users can now enjoy smooth, low-cost trading across chains, powered by deSwap API.
Read all about it below👇
https://debridge.finance/blog/dexfin-wallet-integrates-deswap-api-for-frictionless-cross-chain-value-transfers/
- Peace by @jannah.lens #Lenstube
https://lenstube.xyz/watch/0x01864d-0x52
- ARB distribution model was designed by Nansen 🔵 🦅
+2,300,000 addresses bridged to Arbitrum before the snapshot.
Online 625,143 were eligible for ARB. Only around 30%!
What can we learn from their report?
5 key take-aways so you don't get excluded from airdrops ⚡
1/5
Eligibility Criteria:
- Conducted transactions: number, value, and time thresholds
- Arbitrum Nova: bridging & conducted transactions
- Dapps and Governance activity
- Liquidity providing
💡 Take-away: the more different activities, the better. Be active!
2/5
USD Value. I know this is a given, but it's important to stress out.
• The majority of wallets transact on small USD amounts
• The majority of wallets got small airdrops (USD value terms)
💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it!
3/5
The number of transactions
• The majority of the wallets made 1-2 transactions (1M+ wallets)
• Only 100k wallets made 50-100 transactions
Median = 3
Average = 28
💡 Take-away: more transactions = more valuable airdrop.
Become a recurring user.
4/5
Sybil wallets:
• The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop
• Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop
• 172k wallets excluded
💡 Take-away: be user, not a "hunter"
5/5
Negative criteria ⚠️
This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB.
These users got less ARB:
• All transactions in a 48h period
• Interacted with only 1 smart contract
• Low ETH balance in Snapshot day
There's a lot more data in their official report.
Read the full blog post here:
🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community
Join alpha discord: https://earndrop.io/discord
- Don’t stop using lens
#LensGardenNFT @lensgardennft
- What level are you on Lens Garden? Great way to engage and grow the community. #LensGardenNFT @lensgardennft.lens
- LIP-4 results @luchadores.lens 👊
~ Add Protocol Owned Liquidity on @balancerprotocol.lens 🔥
~ Deploy & Enable a gauge for the $LUCHA - $MATIC pool 💰
~ Create vote incentives on Quest by @paladin.lens 🛡️
~ Strategic assets accumulation 👀
Get ready anon 🤼♂️
- ▓▓▓▓░░ 71%
Arbitrum's $ARB is coming this Thursday 🦅 🔵
77% of my audience got this airdrop. Congrats everyone, BTW ⚡️
26% is holding no matter the price, and 50% is not selling below null.25.
What is the purpose of the ARB token? 🧵👇
1/11
✅ ABOUT PRICE
I was thrilled to see that almost 80% of the people who voted in my Twitter poll got this airdrop. It's a huge sample of 7300 people
Very happy that so many people are getting their first airdrop, there are 625,143 wallets eligible
https://twitter.com/OlimpioCrypto/status/1636357015684481024
2/11
✅ ABOUT PRICE
In my second poll, 26% is holding.
Only 22% are selling below null.25.
https://twitter.com/OlimpioCrypto/status/1636771668206006272
3/11
✅ ABOUT PRICE
There is also an informal OTC market for ARB, I've seen prices from null to null.50 there today. (image attached)
4/11
✅ ABOUT PRICE
Another speculative price point can be found in protocols like PrePO, where people are betting ARB's FDV on $14.4B (one week after token launch), which is around null.50 per token. (image attached)
5/11
✅ ABOUT PRICE
If you want to have some fun, read this price scenario speculation I posted a few days ago. Don't take it too seriously!
https://twitter.com/OlimpioCrypto/status/1636771626560765969
6/11
✅ TOKENOMICS
• Team & Future Team + Advisors: 26.9%
• DAOs in the ecosystem: 1.1%
• Individual wallets: 11.6%
• 42.8%: DAO Treasury
• Investors: 17.5%
Total supply: 10B tokens
7/11
✅ VESTING
Total Supply schedule
• User & DAO airdrops will be available on Thursday
• Investor & Team tokens have 4-year lockups (1 year cliff)
• First unlock: in one year, then monthly linear unlocks
🔗 Source: https://docs.arbitrum.foundation/airdrop-eligibility-distribution
8/11
✅ GOVERNANCE
• Self-executing governance:
This means that DAO votes will have the power to execute autonomously on-chain. No need for a central authority to "process" DAO decisions
9/11
✅ GOVERNANCE
• For emergencies: the Arbitrum Security Council
A 12-person multi-sig that will be able quick action in case of emergency. 9/12 votes needed. This could be used, for example, to patch a vulnerability
Elections for the Council are held twice annually.
10/11
✅ GOVERNANCE
• $ARB tokens govern both Arbitrum Nova and Nitro
• Voting power is determined by the number of $ARB held
• You can delegate your voting power to others (like olimpio.eth 😉🏛️)
11/11
✅ ARBITRUM "ORBIT"
Orbit will allow developers to easily and permissionlessly launch their own Layer 3 (L3) blockchain in the Arbitrum ecosystem
• L3s can be launched with no DAO approval
• New L2s that want to fork Arbitrum will be able to do it after DAO approval
Stay tuned, I will keep you updated
⚡️ Join instant alpha telegram Alerts: https://t.me/OlimpioAlpha
- Beautiful
- i’m so greatful to the arbitrum foundation! Tomorrow will be a great day
- ▓▓▓▓░░ 71%
Arbitrum's $ARB is coming this Thursday 🦅 🔵
77% of my audience got this airdrop. Congrats everyone, BTW ⚡️
26% is holding no matter the price, and 50% is not selling below null.25.
What is the purpose of the ARB token? 🧵👇
1/11
✅ ABOUT PRICE
I was thrilled to see that almost 80% of the people who voted in my Twitter poll got this airdrop. It's a huge sample of 7300 people
Very happy that so many people are getting their first airdrop, there are 625,143 wallets eligible
https://twitter.com/OlimpioCrypto/status/1636357015684481024
2/11
✅ ABOUT PRICE
In my second poll, 26% is holding.
Only 22% are selling below null.25.
https://twitter.com/OlimpioCrypto/status/1636771668206006272
3/11
✅ ABOUT PRICE
There is also an informal OTC market for ARB, I've seen prices from null to null.50 there today. (image attached)
4/11
✅ ABOUT PRICE
Another speculative price point can be found in protocols like PrePO, where people are betting ARB's FDV on $14.4B (one week after token launch), which is around null.50 per token. (image attached)
5/11
✅ ABOUT PRICE
If you want to have some fun, read this price scenario speculation I posted a few days ago. Don't take it too seriously!
https://twitter.com/OlimpioCrypto/status/1636771626560765969
6/11
✅ TOKENOMICS
• Team & Future Team + Advisors: 26.9%
• DAOs in the ecosystem: 1.1%
• Individual wallets: 11.6%
• 42.8%: DAO Treasury
• Investors: 17.5%
Total supply: 10B tokens
7/11
✅ VESTING
Total Supply schedule
• User & DAO airdrops will be available on Thursday
• Investor & Team tokens have 4-year lockups (1 year cliff)
• First unlock: in one year, then monthly linear unlocks
🔗 Source: https://docs.arbitrum.foundation/airdrop-eligibility-distribution
8/11
✅ GOVERNANCE
• Self-executing governance:
This means that DAO votes will have the power to execute autonomously on-chain. No need for a central authority to "process" DAO decisions
9/11
✅ GOVERNANCE
• For emergencies: the Arbitrum Security Council
A 12-person multi-sig that will be able quick action in case of emergency. 9/12 votes needed. This could be used, for example, to patch a vulnerability
Elections for the Council are held twice annually.
10/11
✅ GOVERNANCE
• $ARB tokens govern both Arbitrum Nova and Nitro
• Voting power is determined by the number of $ARB held
• You can delegate your voting power to others (like olimpio.eth 😉🏛️)
11/11
✅ ARBITRUM "ORBIT"
Orbit will allow developers to easily and permissionlessly launch their own Layer 3 (L3) blockchain in the Arbitrum ecosystem
• L3s can be launched with no DAO approval
• New L2s that want to fork Arbitrum will be able to do it after DAO approval
Stay tuned, I will keep you updated
⚡️ Join instant alpha telegram Alerts: https://t.me/OlimpioAlpha
- Las Vegas panning time-lapse
Panning timelapse shot of the street with traffic at night in Las Vegas with casinos, hotels and restaurants.
- So bullish, don’t you?
- What an experience to meet all the builders at Stanford and San Francisco last week!
- Just remember that a dump is just a new opportunity to buy the dip
- zkEVM Testnet Guide 🦊
ConsenSys has been whitelisting more users to its testnet.
Here's a step-by-step thread on how to bridge from Goerli to zkEVM, using Hop.
Will zkEVM have a token? 🧵👇
1/10
✅ About zkEVM
• ConsenSys is a private blockchain software technology company, which owns MetaMask, Infura, zkEVM, and several other products
• One of the things they are working on: their own zkEVM rollup, Ethereum scalability using ZK Proofs.
2/10
Recently, Infura endpoints to access ConsenSys zkEVM became available to a closed group of early registrants
To become one of the testers, you should sign up for the waitlist.
(If you signed & didn't get an email, don't forget they are sending beta invitations in batches)
3/10
For those who are whitelisted: how to test the product?
STEP 1: Go to faucetlink.to/goerli & request Goerli ETH
STEP 2: Login into your Infura account app.infura.io/login
STEP 3: Create a new key and select network Web3 API.
4/10
STEP 4: Select the ConsenSys zkEVM Testnet endpoint (screenshot below)
5/10
STEP 5: Go to goerli.zkevm.consensys.net
STEP 6: Add zkEVM Testnet RPC to your MetaMask
STEP 7: Bridge from Goerli to zkEVM using Hop Protocol: goerli.hop.exchange
STEP 8: Test the zkEVM - play around app.dexchange.live
(bridge, swap, provide LP)
6/10
Is there any $INFURA information?
• On the 1st screenshot, the Team said they are "discussing ways to reward those who help test". This does not necessarily means $INFURA, but it means rewards
• On the 2nd screenshot, the Team said that no token will be launched
7/10
Why should we care?
• ConsenSys is a company that owns MetaMask
• Joseph Lubin already confirmed that MetaMask will have a token (check the thread below)
• Infura is actively thinking about rewarding its token holders for the contribution
https://twitter.com/OlimpioCrypto/status/1590425920506318849
8/10
💡 Note:
Getting involved with the community is always a good way to get to know the team and what they are building.
9/10
💡 Activities that you can engage with:
1. Taking an Infura survey that will give you an NFT: https://research.rallyuxr.com/consensys/lp/cle4f709z00vz2zby305x37b2?studyId=cle4f709x00vx2zbyfqpmc7ga
2. Monitor ConsenSys Events. There was a community call 8 days ago: https://www.crowdcast.io/consensys
10/10
💡 Didn't receive their email yet?
The registration for zkEVM private testnet is closed at the moment.
If you missed the registration period, don't worry! The next phase will be a permissionless testnet. We will have more communications on this to come, stay tuned.
⚡️
- $ZZ airdrop data 🪂
Today ZigZag released their airdrop information. Over 110,000 addresses qualify to claim $ZZ
Airdrop date: on or before Feb 28, that's 4 days from now.
Airdrop breakdown how to check if you can claim 🧵👇
1/10
Airdrop information
• Total addresses airdropped: after all airdrops around 110,000 addresses
• Total ZZ airdropped: after all airdrops around 35,000,000 ZZ (35% of supply)
2/10
Airdrop information
There are 7 possible ways to be eligible to this airdrop.
1. Trader airdrop
2. Gitcoin donor
3. Atlendis LP
4. MM bot airdrop
5. Discord Member
6. POAP holder
7. IDO participant
Let's break this down:
TRADER AIRDROP (1/7)
Criteria:
• 300 ZZ/address
• 1-month activity (1st & last swap 30 days apart)
• 4 unique days with swaps
Early adopter bonus:
• 300+ ZZ if 1st swap before 1 Dec 21
• 100+ ZZ if 1st swap before 1 Jan 22
🔗 search your wallet: https://zigzag-data-2.s3.amazonaws.com/trader_eligible_addresses.csv
GITCOIN DONOR (2/7)
Criteria:
2 ZZ for every USD donated (3 USD minimum)
🔗 search your wallet: https://zigzag-data-2.s3.amazonaws.com/gitcoin_eligible.csv
ATLENDIS LP (3/7)
Criteria:
500 ZZ per depositor (5 USD minimum)
🔗 search your wallet: https://zigzag-data-2.s3.amazonaws.com/atlendis_eligible_addresses.csv
MM BOT AIRDROP (4/7)
* This airdrop was already distributed. It was the first one.
Criteria:
ZZ based on amount of trades
🔗 search your wallet: https://docs.zigzag.exchange/zigzag-exchange/airdrops/mm-bot-airdrop
Check your wallet in https://zkscan.io/, airdrop already distributed.
DISCORD MEMBER AIRDROP (5/7)
Criteria:
ZZ based on Member role (1000 ZZ to Og, 750 ZZ to Senior, 500 ZZ to Member)
🔗 search your wallet: coming soon
POAP HOLDERS (6/7)
Criteria:
300 ZZ per POAP holder (https://poap.gallery/event/27697)
🔗 search your wallet: https://3059672253-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FvfgwOIiMma9VlJTwj0yt%2Fuploads%2FC7n2Ct9GFsxFaT4e8yXB%2FZigZag%20Exchange%20Lantern%20Festival%20Trivia.csv?alt=media&token=de2f2e43-5131-4fae-b791-4288ac784e6c
IDO PARTICIPANT (7/7)
Criteria:
3 ZZ for every ZZ purchased (1 ZZ minimum)
🔗 search your wallet: https://zigzag-data-2.s3.amazonaws.com/ido_eligible.csv
10/10
Airdrop will be claimed on or before February 28th, according to messages in their discord.
Full airdrop data: https://docs.zigzag.exchange/zigzag-exchange/airdrops
⚡️
- now it’s #optimism narrative