glehen (@glehen) • Hey
Bonjour lens poto !
Publications
- I just voted "Yes" on "Proposal for Stargate Deployment on Mantle" https://snapshot.org/#/stgdao.eth/proposal/0xafce718ac2c5b42caa1c4a2f355f37bab804600b8f2a897840606df146db3da0 #Snapshot
- I just voted "yes" on "Stargate Foundation 12-month Budget Proposal" https://snapshot.org/#/stgdao.eth/proposal/0x2eff53c9e9f0bf19a98345d1d32103ec0ec859d81978eecacb38db16be33b94b #Snapshot
- I just minted Base Day One, celebrating the start of @BuildOnBase bringing billions of people onchain.
It’s Onchain Summer.
https://onchainsummer.xyz/base
- I just contributed to the 🕯️ KZG Ceremony 🕯️ using 0x4d61e…557b to help scale Ethereum
↓ Add your own randomness ↓ ceremony.ethereum.org
- I just voted "Tech and Dev" on " What was your favorite Use Case of the Linea Voyage Quest? " https://snapshot.org/#/linea-build.eth/proposal/0x9f0e54337d515a9daa2e9cc05580b1993ebb18e2ebc465cf3ee6e777df369e2b #Snapshot
- You’ve got to play Lensbird, a cooler version of Flappybird where you can play with your LensFrens! I challenge you to beat my high score of 0! 🎮🤩 @thefriendly.lens #Lens #Web3 #GamingCommunity
https://lensbird.friendly.live
- I just voted on "[ARFC] Framework for ARFC and TEMP CHECK Proposals" https://snapshot.org/#/aave.eth/proposal/0x86c62a31e321ecb4118bc000820a6ea989f0f592c2f03f904541247333ab3166 #Snapshot
- Martinique
- I just voted on "Q3/Q4 2023 Meta-Governance Working Group Steward Election" https://snapshot.org/#/ens.eth/proposal/0x3585235855fd484251e01820c8cbf3e69174c0176496823b7b54be7a6b68b86c #Snapshot
- 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
- https://twitter.com/0xPolygon/status/1640005380087447553?s=20
- https://twitter.com/Fwiz/status/1640000886306148352?s=20
- ▓▓▓▓▓░ 91%
$ARB is coming TOMORROW 🔵 🦅
A quick guide on how to be prepared:
• how to claim faster
• how to LP
• how to buy/sell/snipe faster
Don't get front-run 🐵 👇
1/12
🐵 CUSTOM RPC
$ARB is launching in Arbitrum One chain.
With the Optimism #1 Airdrop, the network saw a lot of stress and their RPC went down. This could also happen tomorrow.
Solution: create your own RPC endpoint.
2/12
🐵 CUSTOM RPC
In this example, we will be using AlchemyPlatform:
1. Create an Account 🔗 auth.alchemy.com/signup (free plan, skip when asked for credit card details)
2. Go to your Dashboard: dashboard.alchemy.com
3. Click on the "Create app" button at the top right
3/18
🐵 CUSTOM RPC
4. Create an App for Arbitrum
5. Get your RPC https URL from Alchemy
4/18
🐵 CUSTOM RPC
6. Go to MetaMask and add a Custom RPC
7. For the Custom RPC, enter → your Alchemy URL, Chain ID 42161, ETH as currency, and https://arbiscan.io as the block explorer
8. Done ✅
5/18
🐵 ARB PRE-APPROVAL
• How to front-run the opportunity even more?
Pre-approve the contract to take advantage faster and allow @ARB to be traded in exchanges.
This can be done with the most popular protocols (@1inch, @Uniswap)
6/18
🐵 ARB PRE-APPROVAL
• This is $ARB contract: 0x912ce59144191c1204e64559fe8253a0e49e6548 (compare it to 🔗 docs.arbitrum.foundation/deployment-addresses)
• Uniswap V2 & V3 Router:
0x4c60051384bd2d3c01bfc845cf5f4b44bcbe9de5
• 1inch smart contract: 0x1111111254EEB25477B68fb85Ed929f73A960582
7/18
🐵 ARB PRE-APPROVAL
1. Go to ARB smart contract > Write as Proxy: 🔗 https://arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548#writeProxyContract
2. Connect your wallet
3. Spender: Uniswap or 1inch
4. Amount: in the example, with 20000000000000000000000 you are approving 20,000 ARB to be traded by that smart contract
8/18
🐵 PREPARE ETH FOR GAS
Don't forget to send some ETH in advance to Arbitrum to cover gas fees when claiming.
Use:
• jumper.exchange
• bungee.exchange
(either bridge has a token yet 👀 🪂 )
💡 Gas tracker: pro.nansen.ai/multichain/arbitrum/gas-tracker
9/18
🐵 WHERE TO TRADE - DEX
I get asked a lot about where to trade certain tokens.
This will be useful for any token, not just $ARB.
There are two great tools that let users monitor every blockchain for pools: GeckoTerminal and DexScreener.
10/18
All you need to do is paste ARB's contract in their search bar:
• @GeckoTerminal: geckoterminal.com
• @dexscreener: dexscreener.com
And the websites will display all pools in DeFi that are trading that specific token, with liquidity and price info. 💥
11/18
🐵 WHERE TO TRADE - CEX
This also applies for general tokens. @Coingecko has a great section dedicated to the token's markets.
Go to CoinGecko's $ARB token page 🔗 coingecko.com/en/coins/arbitrum
Scroll down to the bottom, and check “markets”.
12/18
🐵 WHERE TO TRADE - CEX
Confirmed centralized exchanges that will be listing ARB
✅ Binance
✅ Bitfinex
✅ Kucoin
✅ ByBit
✅ OKX
✅ Gate (don't use this one, it's a piece of sh**)
✅ Bitmart
✅ Huobi
✅ Bitget
✅ Bitrue
✅ MEXC (don't use this one, it's a piece of sh**)
13/18
🐵 LIQUIDITY PROVISION
• Uniswap v3 allows single-sided LP.
You could potentially just LP your $ABR airdrop and not risk your "main funds", but your "airdrop" funds.
Why would you do this? To get interest. Transaction fees and APR in the initial launch hours are huge
14/18
🐵 LIQUIDITY PROVISION
• How does single-side liquidity work in Uniswap v3?
LPs can set the liquidity allocation price higher than the current market price if they provide the more valuable token, or lower than the market price if they provide the less valuable token.
15/18
🐵 LIQUIDITY PROVISION
This allows LPs to sell their position if the asset they provided increases in value, or buy more of the other asset if it continues to fall in price.
LP tokens are being replaced with an NFT (ERC-721).
16/18
🐵 LIQUIDITY PROVISION
There is already almost 4M USD in TVL in Uniswap for the ARB pools.
How do they do it? Users are LPing just USDC or just ETH (single-sided). v3 is more complex than v2, watch this video from @finematics to learn more:
🔗 https://www.youtube.com/watch?v=Ehm-OYBmlPM
17/18
🐵 CLAIMING TIME
• People can claim the airdrop until Sep 23 2023.
• Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. That is on Thursday, in around 13 hours:
🔗 https://etherscan.io/block/countdown/16890400
Monitor the link to be ready
18/18
I hope this helps you learn a thing or to, and have an edge against the general market when deciding what to do with your airdrop.
⚡️
- https://www.servicesmobiles.fr/polygon-lance-une-ai-charactergpt-votre-jumeau-numerique-85252
- https://snapshot.org/#/ens.eth/proposal/0x41b3509b88e15677aa15680f48278517f794822fb9a79b9c621def53f1866be7
- ✨**LENSDROP 🎈 ALPHA**✨
We've been working hard over the past few weeks to give you the best marketing tool for web3 social.
You will soon be able to create sponsored posts and view real-time analytics on your #Lens growth 🚀.
Lensdrop is here to help you gain more followers, boost engagements, and widen your reach on Lens. Feel free to send a DM if you'll like to try out this new feature before it drops.
PS: Only those who follow @lensdropxyz.lens and #mirror this post will get access.
What else would you like to see on Lensdrop? How can we improve your experience? Drop your comments below.
Don't forget to Like, Mirror, Comment, and Follow @lensdropxyz.lens
#lensdrop #web3social #marketing #airdrop #follow
- https://snapshot.org/#/aave.eth/proposal/0x8257d8c7681a3587a61f0d97997045c4d35815031d56386c854afa66f0d04351
- https://twitter.com/Crypto_Texan/status/1582772520050360320?s=20&t=pQlxls43ZVDNlj8qI9O_IQ
- https://twitter.com/0xPolygon/status/1579513200030384128?s=20&t=AVIXIqBuMnFBVApNtBlGcQ
- https://twitter.com/fcfpay/status/1572332337467097088
- https://blog.polygon.technology/polygon-zkevm-within-vitaliks-framework-gaining-clarity-and-looking-ahead/?utm_source=Twitter-Main&utm_medium=Tweet&utm_campaign=zkEVM-Clarity
- https://www.maticnews.com/posts/a-peek-into-paris