12 months ago at
@ether_fi
we had just gone live with our 32 ETH staking product and officially spun up our first nodes! TVL was <20k ETH.
Fast forward to today and we are the 5th largest protocol on Ethereum, surpassing
@Uniswap
yesterday. Absolutely insane 🤯🤯
Had one of those BD weeks where all the stars aligned and just kept racking up wins.
Doesn’t happen often so have to enjoy them when they occur. So bullish on what we are building at
@ether_fi
Whenever you join a startup you dream of getting on a rocketship, rarely do those dreams become a reality.
I feel incredibly fortunate to be on one
@ether_fi
. We have over $250m in the protocol in less than 12 months! Best part is we are just getting started 🫡
Mike is always his greatest critic, what makes him such a great entrepreneur. Not scared to give himself honest feedback, though all things considered 7/10 is too harsh.
The mania on Saturday was something unlike I’ve ever experienced, a study in human psychology
In crypto you need to build products users love in order to sustain past the mercenary stage of TGE, few protocols cross this chasm. Happy to say
@ether_fi
has almost doubled our TVL since our TGE in March 🚀
negligible inflows for liquid restaking protocols in first half of may
unrelated: eigenlayer, etherfi & renzo token launch details were all announced by early may
Airdrops are funny, the right of passage as a crypto founder when you have been successful enough to give away 10% of your token and endure the fury of many angry users
💵 Introducing Cash!
SAVE, INVEST, and SPEND on !
Read more on our blog -
Quick hits:
✅ Cash is a mobile wallet and Visa credit card, that will let you be able to spend on
🫡 “
@ether_fi
was easily the most prepared LRT protocol for this launch. Clear understanding of mechanics and coordination with Eigen team. Also put their holders in the best position for claiming. Bullish.”
Now that the dust has settled from the $EIGEN drop, here are some ramblings;
- People still don't understand what EigenLayer even is, much less how to value it. 17Bn FDV is FUD.
- Eigen team doesn't understand their userbase wrt messaging. They were too verbose and should have
Just a week after launch $ETHFI's Liquid product has $146MM of TVL
- Already the 4th largest DeFi yield aggregator
- $350MM will make it
#1
by TVL, passing Yearn
Oh, and it's also the largest LRT by far
@ether_fi
quickly becoming a blue chip with a diversified set of products
Crypto is not very user centric:
many protocols have no customer support, no withdrawls, minimal audits, bad UX. Take care of your customers and good things will come 🤝
4/ The $ETHFI token launch has proven to be the best token launch since JTO.
As the largest LRT protocol,
@ether_fi
managed to grow total ETH restaked another $1B since TGE. Not an easy feat.
Season 2 $ETHFI airdrop ends on June 30.
The team are incentive wizards.
Which is
What an insane trip to Dubai for
@token2049
.
A flood, canceled flights, logistical nightmares at every turn, but left more bullish than ever on what we are building
@ether_fi
some MASSIVE things in the work 🫡
.
@ether_fi
is the number two staked asset in crypto now, second only to Lido. Bigger than Coinbase cbETH, Binance WBETH, rETH etc.
Growing at 2-5% per day.
Staking is way too addictive. My new staking device arrived!
Thanks to
@ether_fi
for creating the Operation Solo Staker program and
@DAppNode
for making such a nice device.
Best part of this report is using vocabulary that is easy for TradFi to understand. As an industry crypto needs to make things easier to understand in order to onboard the next 100m users. (and yes, price forecasts are indeed bullish)
We've raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we've analyzed how ETH and BTC perform in both traditional and crypto-only portfolios for optimal returns.
@Matthew_Sigel
@Patrick_Bush_VE
After a tremendous amount of hard work by the whole team, we are excited to announce that we are shipping our LST eETH!
eETH is the first liquid restaking token on
@eigenlayer
and the only LST where stakers get to control their keys🛅
🧵👇1/9
This whole thread from
@jonwu_
is really good and worth a read, but this is exactly right. Founders need to drive the narrative…and you need to try different narratives until you find one that lands
tl;dr
- CMOs don't exist
- if they do they're wildly expensive
- they don't work because you can't outsource story
Great founders own the vision and tell it over and over again.
1/ We are excited to announce native staking on Polygon zkEVM! We have been working closely with the team
@0xPolygonDeFi
to get this done, read more in our blog or keep reading below
Turbo eETH Vault is live on
@sommfinance
✅
Users deposit WETH and the vault manages to provide liquidity on
@Uniswap
,
@Balancer
, and lending on
@aave
and
@MorphoLabs
💱
Depositors will get incentives in SOMM and eETH📩
loyalty points will start to
We’re happy to announce that we’ve now officially entered our Alpha Release phase!
For the first time, we'll be deploying DVs on Mainnet together with the community 🔥
This starts our process of progressively integrating Obol into staking apps.
🧵
JUST IN: Billionaire Mark Cuban says SEC Chair Gary Gensler has not protected a single investor against crypto fraud.
"All he has done is make it nearly impossible for legitimate crypto companies to operate."
Good news anon, everyone can now stake on 🧑💻
By minting eETH you automatically earn: 1) ETH Staking Rewards 2) points 3)
@eigenlayer
points✍️
Stay tuned for a thread on different DeFi strategies for eETH🤳
#7
Crypto's top 10 projects to watch:
1. USDT on Tron
2. Apps on Base
3. Celestia
4. Jupiter & Solana DeFi
5. Farcaster / Lens
6. GBTC
7. Lido & LSTs
8. CCIP vs. Pyth
9. Blur & Blast
10. Project Guardian
What are these? I guess you'll have to read the report.
🎙️A new 15-minute fundamentals is out!
In this series, we interview core protocol contributors & together dive into the details behind the charts available on Token Terminal.
For our latest episode, we had the pleasure of hosting
@MikeSilagadze
from
@ether_fi
.
Tune in below!
We’re STOKED to host our investors
@chapterone
and
@arringtonXRPcap
to discuss:
- how we raised our seed round in a bear market
- how other projects could do it
- tips from leading web3 VCs on fundraising
🚨JOIN US Thursday 4/6 at 1PM EST🚨
👋 Introducing Agora – the end-to-end governance app for crypto protocols.
We've spent the last 18 months building deeply with top protocols like
@Optimism
,
@UniswapFND
,
@ENS_DAO
...
And starting today, you can get all of the same tools for your community through our new site!
We are proud to detail our insights in 'Why We Liquid Stake with
@ether_fi
and the Importance of Self-Custody.' Dive into our latest blog post to understand this significant step forward in the DeFi landscape:
Today I'm testing the
@DAppNode
package for
@ObolNetwork
so I can write up the documentation for
@ether_fi
Operation Solo Staker.
An Ethereum DVT validator in just a few clicks!
The $weETH peg is at 99.99%, love to see it.
On-chain swaps of $20M available with minimal slippage.
CEX liquidity and $40-60M daily trading volume.
We love our customers, so we make their lives easy.
We have done some cool stuff in our brief history, but this is the project I’m most excited about! Great partners and a great initiative for all of
@ethereum
1/We have a big announcement.
is VERY EXCITED to annouce OPERATION SOLO STAKER👇
The program has one simple goal – to empower individuals around the world to become solo stakers🧵
Update:
@JSeyff
and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone
Source: Twitter Detail | Coins: ETH
It's kind of uncanny how closely the
@ether_fi
growth curve matches the famous
@ycombinator
graph
Still feels like we're in the zero to one stage, but it's been a wild fun ride
Groupon: not a place you’d expect to have a “mafia” but I worked directly with:
Tuomas Artman, founder of Linear
Julie Szudarek, CEO of Self
Sumir Meghani, CEO of Instawork
Sean Harper, CEO of Kin
Blake Scholl, CEO of Boom
Varun Krishna, CEO of Rocket ($RKT)
pretty good
Come join our Spaces today @ 8:00pm EST for the second
@ether_fans
test auction 🙌📢
Two prizes, $100 each 💵💵
No whitelist, which means anyone who has minted an NFT and is collecting loyalty points can participate!
Need more building in this space,
@DroseraNetwork
is building critical infrastructure to support the next wave of DeFi adoption
Happy to back the team 🫡
The
@DroseraNetwork
team is proud to announce the closing of our oversubscribed $1.5 million Pre-Seed round.
We aim to deliver capabilities in line with a decentralized ethos and introduce novel solutions to the security tapestry of Web3.
READ MORE:
Imagine if (when?):
1. Lido has to enforce KYC at mint and redeem or geo-fence the U.S. and EU.
2. Coinbase has to defend their staking product in the courts.
Decentralization "doesn't really matter", and then it does.
🚨 Partnership Announcement 🚨
Ether Capital
@ethcap
will be providing us with world class eth staking dashboard to customers of
Here's the website to register for free beta access
What is LRT and how will it impact web3? 🤔
These and other questions will be answered in a special RedStone Community Call by
@KoppKnows
, Co-Founder at
@ether_fi
Expect a heavy dose of LRT knowledge and additional fun ♦️👀
The call will take place on the RedStone discord 👇
Embarrassing work by
@Jason
@friedberg
@DavidSacks
and the rest of the All in Pod regarding FTX paying out 100% back to customers. They most certainly are not (and certainly aren't paying back a surplus) 10 mins of research would show that the estate is doing anything but -
We continue to work on the decentralization of Ethereum!
Thanks to the
@DVStakers
, we are happy to welcome another home Solo Staker👨🌾 This time in Kenya💫
Do you want to join the decentralization of ETH? Then, go to this page and fill out the form👇
Introducing , the NFTs that pay you:
are PFPs backed by staked ETH. By minting and staking via , you earn staking rewards and contribute to the decentralization of Ethereum.
We are HONORED to HOST
@NexusMutual
, one of the most respected organizations in DeFi to discuss insuring a liquid staking protocol!
JOIN US, Thursday May 25 to tune in.
Our
@ether_fans
Series 1 sold out in ~2 hrs yesterday! 🎉
The current
#staking
APR for different tiers is 🔥
Bronze 15%, Silver 30%, Gold 45%, Platinum 60% based on current reward rates 📈 💰
Series 2 drops on Thursday, July 13th at 3:00pm EST (7:00pm UTC)⏰
Let's check back on this tweet in 3 months, my sense is there some truth to this "rumor" re: Lido. In crypto where there's smoke there's fire. Silvergate is our latest example, rumors of insolvency after FTX (Nov '22) and now this week we hear they're bankrupt
Update on the "Wells Notice Carpet Bombing" statements in the Weekly Rollup
I checked in with my source, and have some clarifications to make.
1. Timing and concentration
I said that "Many Wells notices have been distributed In the last week or so".
The "week" part is
The future of Ethereum is a hot topic,
📣 We will be hosting
@CryptoHayes
and
@sreeramkannan
of
@eigenlayer
!
📌 TUNE IN April 25th, 23:00 UTC to listen to these two discuss.