Building
@TensorplexLabs
with
@xponentcrisis
and a great team of engineers.
Using blockchain and tokens to decentralize + accelerate open-source AI is the most important non-financial use case crypto can bring.
So painfully obvious and we're all just getting started.
Quick market thoughts, ahead of $ETH merge:
The only reason some crypto degens are sitting on stables instead of all in/leverage buying $ETH ahead of the merge is ‘macro bad’.
Everyone in the world knows it and made decisions based on it.
Recently joined
@DeFianceCapital
after a short but fruitful time working in Goldman. When pitching crypto/DeFi to TradFi friends, I often got asked: so what is the social value of DeFi? Here's my thesis:
I flagged a problem with
@ftx_app
to
@SBF_FTX
yesterday. He replied 'taking a look' in less than 24 hours.
I literally just told one of the partners of my firm
@SBF_FTX
has Musk/Bezos vibes today.
Very grateful for all the friends that reached out last few days, it has truly been the worst week of my life.
The kindness will be remembered and hopefully reciprocated! :)
Potential future of
@binance
1. Be a private key custodian
2. Create pegging coins for all traded coins and do automatic swapping for users
3. All CEX trades conducted on DEX with pegged BEP2 coins
4. Tackle most regulatory risk + Makes $BNB extremely valuable with staking
Back at it and crushing it!
@TensorplexLabs
is back on top on the Hugging Face Leaderboard for Bittensor Subnet 6.
Fine-tuning the best model, advancing open source AI and pushing $TAO.
(τ, τ)
Quality coverage on
@bittensor_
by
@MessariCrypto
.
Noticing more investors are flipping their script & building a $TAO thesis after its price doubled in a month 👀
It has been a pleasure meeting friends in Hong Kong. In case I didn't get to tell you in person yet:
Yes, there is $100 million delegated to our validator, and $15 million using our stTAO LST.
But
@TensorplexLabs
is more than just an LST project or validator business — we
For friends who don’t know who
@AdrianCheng
is:
He’s one of the best businessman and entrepreneur you can find in HK/Greater China, especially when it comes to Art + Web3 + Operations.
Guess I’ll be seeing a lot more Azukis in K11 malls 🤣
Just finished listening to
@WeeklyOpen
by
@ledgerstatus
@CryptoDonAlt
@CryptoCred
, very underrated podcast.
Agree with Ledger that if we bottomed, it will be so obvious in hindsight:
- Peak economic fears
- Peak tightening pace
- Peak liquidation
And yes I am very very long $ETH.
May cut my position if CPI surprises to the upside or if testnet merge fails.
But EV of longing $ETH here is overwhelmingly positive.
You know ETH merge is the biggest crypto narrative in years?
You know many investors/funds will be offside if macro gets slightly better?
Imagine the FOMO if we break $2k.
(1/2) My updated $ALPHA thesis for the next 1-2 months:
-
@tascha_panpan
and
@nipun_pit
remain one of the most qualified founders in Crypto
- The exploit will be settled well (given suspect probably known + good relationship with
@CreamdotFinance
and
@AndreCronjeTech
)
Bittensor🤝Base ✈️
$stTAO - $ETH initial liquidity and voting incentives are now live on
@aerodromefi
, the
#1
Layer 2 DEX by TVL.
Get ready for jaw-dropping yields in the $stTAO - $ETH pool after the voting epoch flip on Wednesday!
71.38% fixed APY for stTAO PT holders on Pendle 🤯🤯
Pretty sure this is the highest single-sided TAO yield available.
Stake wTAO to get stTAO at
Buy PT stTAO at
ETH is becoming pristine yield-bearing collateral for the entire crypto economy.
Excited to see how DeFi innovates on top of staked ETH in 2023. Ideas like being pre-paid your ETH staking yield pioneered by
@AlchemixFi
are just the beginning.
Been so excited for
@derekedws
and
@Ronangmi
's article to drop, and it's finally here!
Bittensor is elegantly designed to incentivize productive work by combining Bitcoin's tokenomics with a highly flexible incentive mechanism, which will be supercharged with the upcoming launch
@ASvanevik
@spencernoon
$CRV or $GMX
$CRV’s tokenomics design was initially ridiculed by everyone, ends up creating the ve-meta
$GMX’s escrowed GMX + multiplier points model basically minimises dilution from emissions and pioneered the ‘non-locked ve-model’
Calling TAO useless by (inaccurately) analyzing 1 of the 32 subnets lol
Same as dismissing Ethereum and DeFi after testing out EtherDelta.
@Old_Samster
has written the best response.
The uselessness of $TAO is truly spectacular
$10 billion marketcap for an "AI coin"
Go check it out—what does it actually do?
It runs a bunch of different subnets. Okay? What are these subnets? Check out subnet
#1
.
Okay, so text prompting. Cool. That's easy enough to
We are excited to announce the integration of stTAO with
@pendle_fi
, providing a range of yield-earning strategies for the Bittensor community to earn with their TAO!
(τ, τ)
@Riley_gmi
A bit late to this, very impressed by the depth of the report!
Confluence of referral program, potential Arbitrum incentives, X4/PvP AMM and aggregator integration make $GMX a very good bet now.
If BTC/ETH is near bottom, not a bad time to be a $GLP enjoyooor too.
I ended up missing a class because I know I would learn much more from this than the class, and I couldn't wait to finish the episode!
Thanks
@zhusu
and
@hasufl
as usual and love
@CryptoCobain
's humour!
In this episode,
@zhusu
and I sat down with legendary trader
@CryptoCobain
to discuss
- the bull case for Ethereum and its upcoming catalysts
- whether ETH can flippen BTC
- what advice has helped Cobie to survive several market cycles
Enjoy!
@adamscochran
@VotiumProtocol
Wrote a thread on how $CVX can 10x from here — not happening in the short term, but illustrates how undervalued it currently is.
Bittensor is incentivizing miners like
@TensorplexLabs
to train better foundational models through SN9, the pretraining subnet.
As a result, a 7b model is outperforming Llama 7b, Llama2 7b, and Falcon 7b on the benchmarks below.
It works, and it's just getting started.
$TAO
We are thrilled to announce that MixMob has raised ✨$7M✨ in our latest seed funding round!
This influx of capital will fuel our game development in the months and years ahead
Something BIG is coming later today💥
Join us:
@tascha_panpan
Can't wait! Many retail holders who simply find gas fees > leveraged gains on Ethereum can now leverage yield farm, expecting
@AlphaFinanceLab
users to grow more than many expected.
🧹⚡️ Sweep Mode is now live!
Automatically sweep NFT collections by selecting the amount of items or ETH budget for your sweep.
Want to go even faster? 🏎 Instantly check out with ETH with the “Buy Now” button and skip the whole payment flow.
You have access to the best financial services in the DeFi world regardless of where you are born/living. This is the globalisation of finance. Same for builders - you win by building better products, not by being close to the person regulating your country's financial system.
Lately, the concept of viewing specific individuals as counter-trading signals has risen in popularity.
‘X is buying? Time to dump our bags.’
‘Feel pretty good that Y is long as we’re bearish’
These notations are not only foolish, but reflect mental immaturity.
Smart frens: $TAO is interesting but it already pumped so hard
1. The pump is organic price discovery of a fair launch token, which incentivizes everyone to contribute intelligence and compute to an ever growing intelligence network
2. It just dipped 40% (and is now at ATH!)
Crypto/DeFi is already changing lives of people in third world countries, and I think the next challenge is building on this such that we are 10x/100x better than TradFi in first world countries. And WAGMI.
@Galois_Capital
Regardless of if the MC proposal passes
- Pseudonymous nature of DAO members
- Market downturn causing sense of ‘not getting enough’
will lead to more internal politics fighting for limited resources within DAOs.
Let’s see how decentralised and autonomous DAOs actually are.
Bought some TAO. Still studying
No other trades, kind of an annoying dump given we didnt manage to take off at 3.7k even tho there were some signs, but bid to own etc
@punk6529
3. They convinced people zero-covid policy is the only responsible approach and proves Chinese supremacy and it is difficult to change overnight
4. This is a test of self-sufficiency that China always wanted to achieve
5. This helps strengthen surveillance
Wait so how did I come up with the 12x potential? If the $CVX incentives 3x from here, and the market re-rates its P/E from ~2x to ~8x ($YFI around bottomed at ~8x P/E), $CVX will be worth around $700 per token.
Revisited The Sovereign Individual after the latest UCC episode by
@hasufl
and
@zhusu
.
Bullish L1 tokens like $ETH, $AVAX and $SOL that are “cybermoney” used to pay for virtual productions, including block space, NFTs (veblen goods, in game assets) and even other tokens.
Looking at $LOOKS
- Look at the volume chart below
- Ape + Ape Land heating up
- Emission halving in two weeks
- Listing rewards help liquidity
-
@ZoddLooksRare
and broader
@LooksRareNFT
team are chads that overdeliver
@AlgodTrading
@cobie
@stablekwon
ser I would argue betting against the guy who controls the coin you are shorting is not the best idea but maybe just psyops
@defi_mochi
@TensorplexLabs
Hey appreciate the mention (and your content in general), the restaking is an anti-sybil mechanism for what we are launching next—idea is to make sure we don't have artificially inflated user counts that are just bots.
Not really fair to say it is nonsense before we share
I've been really into ChatGPT lately - it's both fun and super useful!
Plus, learning computer science just got even more valuable with AI tools like this. As long as you know the right orders to give, they'll do the heavy lifting for you.
@punk6529
Because
1. China's medical infra (esp. in non-coastal cities) will be overwhelmed by Omicron
2. Most people are only vaccinated with non-mRNA vaccines that are less effective
🎉 We have hit the raised deposit cap of 8,000 stTAO within 1 hour!
A huge thank you to everyone who contributed to reaching this milestone. 🚀
We will raise the cap very soon, do turn on your notifications.
Around one year has passed. In retrospect it's not the end of crypto — it's the beginning of a new bull.
@TheEconomist
your readers truly deserved better.
Why would failure of a single middleman due to too much degeneracy and too little oversight mark the end of an entire asset class?
Did failures of bucket shops in early 20th century mark the end of stocks?
@TheEconomist
your readers deserve better.
I view DeFi as the true globalisation of finance, allowing everyone (especially useful for those in third world countries) access to a fairer and more efficient financial system, and we at
@DeFianceCapital
are doing our part to support the growth of this novel financial system.
@AlgodTrading
@cobie
@stablekwon
ser I would argue betting against the guy who controls the coin you are shorting is not the best idea but maybe just psyops
People still talking about ‘4 year cycle’??
They need to understand 2 cycles are simultaneously happening:
- Macro tightening cycle beyond our control that is driving *short term* price action
- Crypto supercycle of institutional and mainstream adoption, up only long term
@TensorplexLabs
is my favourite $TAO native projects built by
@xponentcrisis
and
@overlyleveraged
They got what it’s needed to be successful in crypto, but more importantly, they have a good understanding in the ecosystem and constantly come up with good ideas.
Curve is one of the most irreplaceable, multi-chain DeFi apps - It has the largest TVL amount all DeFi apps and it is the absolute king in its vertical: Stablecoin swap.
Short term bullish:
- Clear excuse to deploy again (CPI peaked as commodity prices are coming down)
- Earnings revision probably couldn't shock the market as much as CPI — the high print is supposedly a schelling point for everyone to short, but ultimately market faded it
One of our edges at
@DeFianceCapital
is our understanding of both primary and secondary markets.
Btw if $LDO never released a token until now, their primary round will be oversubscribed at $20b FDV no doubt.
Seeing a number of projects approaching their seed valuations as public markets unwind.
Today many similar if not worse deals are being done at 10x those prices…
Have a feeling many of these investors will be learning some painful lessons.
Easy mode aint so easy anymore.
Curve incentivises liquidity by $CRV emissions to liquidity providers — and they will continue to emit $CRV for ~300 years at a decreasing rate. $CRV holders who locked their $CRV get to vote on how much new $CRV emission each liquidity pool gets, and share some protocol fees.