Zix (@zixou) • Hey
Early ethereum believer
NFT enthousiast
Publications
- L0 coming
- HOW TO PREPARE FOR EIGENLAYER TESTNET ⚡️
This could be one of the next big trends.
Eigenlayer: A protocol on Ethereum to "re-stake" your ETH.
How does it work and is there a potential big airdrop?
🧵👇
1/7
What is EigenLayer?
EigenLayer enables ETH stakers to restake their ETH or LSD (stETH, rETH) to secure other apps on the network, earning additional rewards.
Users opt-in Eigen's smart contracts and stake to earn interest on top of the existing ETH POS interest.
2/7
How does EigenLayer work?
You can refer to my thread from January to learn more about the technical aspects, if you wanted to:
https://twitter.com/OlimpioCrypto/status/1610013658125328384
3/7
Status of EigenLayer
The initial phase of the three-stage launch plan for EigenLayer's protocol, the Stage 1 Testnet, was unveiled by the company on the 6th of April, 2023.
This testnet is not incentivized. But you can try it now! 👀
4/7
STEPS TO START: (this is in Goerli Testnet)
1. Get Goerli ETH on faucetlink.to/goerli or faucet.paradigm.xyz
2. Switch your wallet RPC to the Goerli Test Network
3. Send some Goerli Test ETH to this address 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F to get stETH
5/7
STEPS CONTINUED:
4. Visit goerli.eigenlayer.xyz and connect your wallet
5. Click the “Lido Staked Ether (stETH)” option
6. Enter the amount you want to deposit and stake the stETH you just received
6/7
7. Approve and confirm the transaction
8. See your balance on the dashboard.
7/7
POSSIBLE AIRDROP?
• Not likely, for now.
• They have not confirmed any airdrop.
• Testnet is not incentivized.
However, it usually is a good idea to be an early adopter in the crypto space. It might pay off! 🪂
Moreover, this is a testnet, so no capital is needed.
⚡️
- **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
- gm ☕️
What are you creating today?
- Who is going to NFT NYC?
- Is there a tool to schedule posts on Lens?
Would like to set up something with my newsletter issues 🙂
- Gm
- What is a zkEVM?
- What is a zkEVM? | The Edge Podcast
This is a clip from our most recent episode of The Edge Podcast with Marco Cora, the Head of Business Development at Matter Labs (zkSync) about their flagship zkEVM.
📺 For the full episode, watch it here on Lenstube: https://lenstube.xyz/watch/0x2e09-0xe4
🎙️ If you prefer a podcast player, subscribe and listen to The Edge Podcast here: https://anchor.fm/edgepod
THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN OR NFT RELATED TO ANY PLATFORMS DISCUSSED.
------
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
🙋♀️ Interested to sponsor episodes of The Edge? Fill this out:
https://hl6pu9d99u5.typeform.com/to/E3NY5Mqn
------
🌲 LINKTREE FOR THE EDGE PODCAST: https://linktr.ee/edge_pod
🔎 DISCOVER DEFI & WEB3 BLOG POSTS, PODCASTS, TUTORIALS: http://defidad.com/
✅ FOLLOW DEFI DAD ON LENSTER: https://lenster.xyz/u/defidad
✅ FOLLOW NOMATIC ON TWITTER: https://twitter.com/Nomaticcap
------
The Edge Podcast Sponsor Resources
📈 GTRADE | DECENTRALIZED LEVERAGE TRADING ON POLYGON AND ARBITRUM
https://gains.trade/
🌊 STADER | MULTICHAIN LIQUID STAKING
https://staderlabs.com/
🔔 PUSH PROTOCOL | WEB3 COMMUNICATIONS PROTOCOL
https://app.push.org/
🌿 LENS | DECENTRALIZED SOCIAL GRAPH
https://lens.xyz/
⛩️ UTOPIA | PAYROLL AND EXPENSE MANAGEMENT FOR DAOS
https://www.utopialabs.com/
------
Guest Links
Marco Cora on Twitter
https://twitter.com/Be1garat
zkSync on Twitter
https://twitter.com/zksync
Learn about zkSync Era
https://zksync.io
Learn about Matter Labs
https://matter-labs.io/
-----
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. 4RC invested in the Series B round for zkSync. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.
- Not gonna sell my tennis fini, no chance
- Apparently we Finns are happy, yet again https://lenster.xyz/posts/0x019807-0x02a2
- Learn about software that manages computer hardware and software resources, provides a user interface and controls program execution.
[What is an operating system?](https://cointelegraph.com/news/what-is-an-operating-system)
Learn about software that manages computer hardware and software resources, provides a user interface and controls program execution.
- Space ID announced an airdrop for early domain holders! 🛰️
People who hold .bnb / .arb domains are eligible for $ID.
@SpaceIDProtocol claiming goes live in two days. Thread 🧵👇
1/6
What is Space ID?
• A Web3 domains marketplace
• They allow people to manage .eth, .bnb, & .arb web3 domains
Think about them as @ensdomains, but for different EVM chains
2/6
What happened? 🪂
• 4 days ago, @SpaceIDProtocol announced a community airdrop for early domain holders.
• Snapshot: Mar 14th / 2pm UTC
(10% of the total supply was airdropped)
3/6
Eligibility Criteria:
• Owning both .arb. & .bnb domains
• Completing a Voyage Campaign
• Setting as primary name
• owning Galaxe OATs
• Domain holding time
• 5+ character domain
• Time to expiry
🔗 Check if you are eligible: space.id/voyage
4/6
Tokenomics:
• Advisors: 7%
• Seed sale: 20%
• Marketing: 13%
• Core team: 15%
• Ecosystem: 10%
• Foundation: 12%
• Strategic sale: 8%
• Community airdrop: 10%
Total Token Supply: 2,000,000,000 ID
(Airdrop tokens: 30% TGE unlock, then 2y cliff vesting)
5/6
Token utility
• $ID is the governance token of SPACE ID.
• With that said, token holders will have a strategic right to vote in DAO to impact the protocol's development.
🔗 Official blog post: blog.space.id/introducing-space-id-token-id-landing-on-binance-launchpad-10abe10779a2
6/6
Claiming and info
• Claiming goes live in 2 days
• The claiming process will be live from March 22nd to April 22nd on BNB Chain (1 month window)
• Launchpad: there will be a Binance launchpad for 5% of supply. I would probably not buy this token.
⚡️
- **AIRDROP STRATEGY: OliveYield 🫒**
@ 0xOlive is a DeFi protocol where you can deposit crypto and earn yield with their vaults and strategies. Similar to Ribbon Finance
Remember the $RBN airdrop? It was worth 30,000 USD to some
🧵Thread: how to potentially get an $OLIVE airdrop 🪂
1/8
✅ What is Olive?
A DeFi protocol that operates vaults generating yield to users
✅ How does the yield generate?
With DeFi Vault Strategies. 2 types of vaults:
• Covered call (yield in crypto. Deposit WBTC, earn WBTC)
• Put sell (yield in USDC. Deposit USDC, earn USDC)
2/8
✅ $OLIVE token?
Their token is already confirmed, 40% is destined for the community.
This 40% can be used for Community Rewards such as:
• Trading rewards
• Staking
• Liquidity mining
• Airdrops 🪂
🔗 Tokenomics and Docs: https://docs.oliveapp.finance/olive/tokenomics/olive-token
3/8
✅ $OLIVE airdrop? 🪂
Unlike the token, no airdrop has been confirmed yet.
There are hints in their docs, however, that some of the 40% destined for the community might be used to airdrop early users.
4/8
✅ Airdrop strategy ⚡️
1. Go to Olive:
🔗 https://bit.ly/3DNC0tL (olimpio's referral link, helps me a lot)
🔗 https://bit.ly/40ADBgf (no referral link)
2. Choose a vault
3. Deposit funds to earn yield
5/8
✅ Risks 🚨
It's important to know that sometimes the vaults lose money!
Olive shows "Success Rate": the percentage of weeks that the vaults were profitable
There's also "How it works", where you can see exactly how a vault works and how the yield generates
6/8
✅ Investors:
• Polygon Founders
• Jump Crypto
• Defi Alliance
✅ Metrics
TVL: 2.6M
Audited: Yes 🔗 https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Olive-v1.0.pdf
7/8
✅ Put selling: some basic info
• Assumption: the market will go up / sideways
• Obligation: buy the asset at the strike price
• When do you earn? You want the asset price to be above the strike price by the time vault expires. That's when you get paid.
8/8
✅ Covered calls: some basic info
• Assumption: the market will go down / sideways
• Obligation: sell the asset at the strike price
• When do you earn? You want the asset price to be below the strike price by the time vault expires. That's when you get paid.
⚡️
- **AIRDROP STRATEGY: OliveYield 🫒**
@ 0xOlive is a DeFi protocol where you can deposit crypto and earn yield with their vaults and strategies. Similar to Ribbon Finance
Remember the $RBN airdrop? It was worth 30,000 USD to some
🧵Thread: how to potentially get an $OLIVE airdrop 🪂
1/8
✅ What is Olive?
A DeFi protocol that operates vaults generating yield to users
✅ How does the yield generate?
With DeFi Vault Strategies. 2 types of vaults:
• Covered call (yield in crypto. Deposit WBTC, earn WBTC)
• Put sell (yield in USDC. Deposit USDC, earn USDC)
2/8
✅ $OLIVE token?
Their token is already confirmed, 40% is destined for the community.
This 40% can be used for Community Rewards such as:
• Trading rewards
• Staking
• Liquidity mining
• Airdrops 🪂
🔗 Tokenomics and Docs: https://docs.oliveapp.finance/olive/tokenomics/olive-token
3/8
✅ $OLIVE airdrop? 🪂
Unlike the token, no airdrop has been confirmed yet.
There are hints in their docs, however, that some of the 40% destined for the community might be used to airdrop early users.
4/8
✅ Airdrop strategy ⚡️
1. Go to Olive:
🔗 https://bit.ly/3DNC0tL (olimpio's referral link, helps me a lot)
🔗 https://bit.ly/40ADBgf (no referral link)
2. Choose a vault
3. Deposit funds to earn yield
5/8
✅ Risks 🚨
It's important to know that sometimes the vaults lose money!
Olive shows "Success Rate": the percentage of weeks that the vaults were profitable
There's also "How it works", where you can see exactly how a vault works and how the yield generates
6/8
✅ Investors:
• Polygon Founders
• Jump Crypto
• Defi Alliance
✅ Metrics
TVL: 2.6M
Audited: Yes 🔗 https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Olive-v1.0.pdf
7/8
✅ Put selling: some basic info
• Assumption: the market will go up / sideways
• Obligation: buy the asset at the strike price
• When do you earn? You want the asset price to be above the strike price by the time vault expires. That's when you get paid.
8/8
✅ Covered calls: some basic info
• Assumption: the market will go down / sideways
• Obligation: sell the asset at the strike price
• When do you earn? You want the asset price to be below the strike price by the time vault expires. That's when you get paid.
⚡️
- Scaling the Ethereum L1 blockchain ⚡
How to participate in Scroll Testnet (zkEVM network) and potentially get $SCROLL airdrop
A thread: what is Scroll 👇
1/9
STEP 1: Enter prealpha.scroll.io
STEP 2: Add Scroll L1 Testner & Scroll L2 Testnet to your MetaMask
STEP 3: Don't forget to add test tokens so you can play around the ecosystem
2/9
STEP 4: get test ETH & USDC: https://prealpha.scroll.io/faucet/
STEP 5: Bridge from Scroll L1 to Scroll L2
STEP 6: Swap using the DEX (Swap feature)
STEP 7: Add Liquidity
3/9
STEP 9: Provide feedback on discord or via form:
docs.google.com/forms/d/e/1FAIpQLSdWjFycIjGATxVAMBazZ7ky3DZFJYO5mA6S0nSpwmzwU1MwVw/viewform?usp=send_form)
STEP 10: Do the Orbiter Finance bridge transfer
rinkeby.orbiter.finance (Orbiter has no token yet)
Ethereum Goerli -> Scroll L2 Testnet
4/9
What are zkEVMs?
These are zero-knowledge EVM solutions (built on top of Ethereum virtual machine)
Why are they needed?
"In the medium to long term, ZK rollups will win out in all use cases as ZK-SNARK technology improves". — @VitalikButerin
5/9
What @Scroll_ZKP brings to the table: another solution that aims to scale the Ethereum blockchain, using zero-knowledge technology.
How are they different from other ZK solutions?
• Scroll supports stuff built on EVM
• StarkNet uses an own virtual machine
6/9
Scroll features:
• 10+ DApps already deployed
• PreAlpha testnet launched
• TPS: with no data sharding, 1000-2000
• Open source
7/9
Scroll Airdrop for early users? 🪂
No airdrop was confirmed so far. However, we can test the chain, following the steps before.
• Vitalik, Barry Whitehat, Chih-Cheng Liang and Konstantopoulos made reviews of Scroll
• The team consists of 20 people (they are hiring)
8/9
Alpha tip: join their discord and be active there:
🔗 discord.gg/GQxeCTA4dJ
$HOP or $ACX gave an airdrop for social activities.
9/9
Alpha 2: $UNI holders voted for Uniswap v3 to be deployed on Scroll testnet.
🔗 snapshot.org/#/uniswap/proposal/0x5ad7208d9ccad93dbc96abc12bfeffcfe83e96b9782e5135727cdaaf494d70f3
Get Alpha Telegram Alerts: https://t.me/OlimpioAlpha
- Anon, interact with this post. Enable notifications on Lens. 48 h. You know the drill.
- Gm, lensters
- Hey anon, want a special gift from us 🤫🎁? We think that you will like it 👀.
For a chance to win, do the following:
1️⃣ Mirror this post
2️⃣ Collect it
3️⃣ and finally comment how we can reach you 😉
- Hey anon, want a special gift from us 🤫🎁? We think that you will like it 👀.
For a chance to win, do the following:
1️⃣ Mirror this post
2️⃣ Collect it
3️⃣ and finally comment how we can reach you 😉