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Sid Profile
Sid

@sidmvenkat

2,108
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2,781
Following
257
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Statuses

good afternoon /// writing about DeFi & incentive systems @ElectricCapital /// views my own

goblin town
Joined May 2018
Don't wanna be here? Send us removal request.
@sidmvenkat
Sid
23 days
1/ @arbitrum is 24hrs away from passing a proposal that could make Arbitrum the first ETH L2 with staking for its native token - $ARB Let’s dive into how this works and what this enables👇🏽
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@sidmvenkat
Sid
1 year
1/Everybody wants a piece of the $CRV cake 🍰 With 183M (~$157M) in CRV tokens emitted this year the Curve ecosystem continues to flourish. This long tail emissions curve tied with ve + gauges has produced an integrated & dependent ecosystem. Let's dive into the key players
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@sidmvenkat
Sid
3 months
1/ @NEARProtocol has been meticulously shipping with Shards 5/6, Chain Abstraction, Data Availability (👀 more on this later) & @near_ai Meanwhile, no one is talking about how NEAR's DeFi TVL has grown 212% YTD (normalized for $NEAR growth) What's going on? Let's dive in 👇🏽
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@sidmvenkat
Sid
3 years
Goodbye Walgreens
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@sidmvenkat
Sid
2 years
I recently joined @ElectricCapital to dive into protocol ecosystems & work with world-changing founders that are pushing the frontiers of crypto. I joined Electric because it’s not a typical VC firm. Check out why we are building Electric like a software company, not a VC firm.
@avichal
Avichal - Electric ϟ Capital
2 years
1/ People are surprised to learn @ElectricCapital 's team is 68% software engineers and designers Why does a VC firm need engineers? Because Crypto will do to TradFi & venture capital firms what the Internet did to retail & media companies. 🧵👇
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@sidmvenkat
Sid
4 years
my net worth is too low imo
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@sidmvenkat
Sid
5 years
OMg WHAt a COIncIdEncE none Of THE tEch hq’S ARe in foreStS ~~ GeNius conSpirACy~~
@WIRED
WIRED
5 years
Hundreds of thousands of homes across California are without power. But chunks of Bay Area remain conspicuously absent from outage maps: The seats of power for nearly every major tech giant.
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@sidmvenkat
Sid
2 years
1/ @MakerDAO just approved a proposal to allow two financial institutions to set up vaults & borrow DAI. This is one of the many ways Maker is opening the floodgates for Real World Assets. Let's dig into why this is huge for MakerDAO and the future of Defi 👇
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@sidmvenkat
Sid
4 years
@jil_slander i was watching the Fat episode from Salt Fat Acid Heat, and convinced myself i was gonna start a cow farm to make buttloads cheese
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@sidmvenkat
Sid
25 days
Can't believe it's been 4 years... 2020 DeFi summer seems like yesterday and a decade ago at the same time
@CurveFinance
Curve Finance
25 days
CRV turns 4 years, and CRV inflation reduces to 6.35%, which is 375k CRV per day. Congratulations everyone!
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@sidmvenkat
Sid
4 years
Everyone who has exposure to the S&P500 also has exposure to Bitcoin now
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@sidmvenkat
Sid
4 years
my dog is so pretty wtf
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@sidmvenkat
Sid
4 years
The year is 2050 and Spotify links still open up in browser
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@sidmvenkat
Sid
11 months
I’ll be in Lisbon speaking at Nearcon on DeFi and Governance! Stop by if you’d like to chat
@NEARProtocol
NEAR Protocol
11 months
Here's a shocking one (smh, terrible), @sidmvenkat from @ElectricCapital is a speaker at NEARCON23! With a rich background in blockchain and fintech, Sid brings a wealth of knowledge to the stage. Don't miss out on his insights this November!
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@sidmvenkat
Sid
5 years
Announcement: I’m super pumped to be joining @falconxnetwork full time today as a part of the Trading team 📈⚡️
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@sidmvenkat
Sid
4 years
throw away all your leadership books and just watch this
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@sidmvenkat
Sid
5 years
How do i stop living my life as a constant backlog of things to catch up on?
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@sidmvenkat
Sid
4 years
My sister was bored and now my hairs a blonde/silver mess
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@sidmvenkat
Sid
4 years
I can't wait to move to NYC
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@sidmvenkat
Sid
4 years
This didn’t age well did it
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@sidmvenkat
Sid
4 years
How do y’all get drunk w out getting sleepy tf
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@sidmvenkat
Sid
3 years
🚀🔥 Super excited to announce @falconxnetwork 's Series B! Welcome to the team TigerGlobal + @BCapitalGroup It's been an invaluable experience building out our Trading and Credit desks.
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@sidmvenkat
Sid
4 years
In less than a year @falconxnetwork has seen over $7B in trading volume and 100+ institutions have turned to us for trade best execution. Today, we announce new funding to continue building the infrastructure for the future of digital assets trading
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@sidmvenkat
Sid
2 months
Are the Microsoft validators being slashed or what
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@sidmvenkat
Sid
3 months
Beyond pumped to support the Nuffle team! @mraltantutar @swang__ @dndlllll @sarifirfir123 are a stacked set of founders that have been cooking intensely! Excited to see Nuffle help grow the modular world with innovative scaling products and enhance the @eigenlayer eco with
@mraltantutar
altan tutar
3 months
I am excited to announce that Nuffle Labs is now live! And today, we announce our $13MM financing led by @ElectricCapital to build next-generation modular infrastructure for all layers ⚡ A little bit about our story 🧵
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@sidmvenkat
Sid
4 years
Seriously who the fuck thought posting a black square was useful to ANYONE
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@sidmvenkat
Sid
2 years
I’m at a bar in India and these mfers are playing PUSHIN P!! 🙏🏽🙏🏽🙏🏽
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@sidmvenkat
Sid
5 years
Hey twitter-verse, I’ve decided to stay another semester at UIUC to pursue a double major and I’m looking for summer internships in the following roles - research analyst (VC/Market), Strategy/BusDev, Quantitative Analyst - in the Crypto/FinTech Space. Location Pref: NYC, CHI, SF
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@sidmvenkat
Sid
3 years
ugh i wanna move to new york
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@sidmvenkat
Sid
5 years
I can’t believe college is over man
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@sidmvenkat
Sid
4 years
In light of avatar now being on Netflix changing my picture to gangster momo w a glock. #NewProfiIePic
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@sidmvenkat
Sid
3 years
How you gonna make me cut my own pizza tf
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@sidmvenkat
Sid
2 months
Amped to see @NEARProtocol 's massive Governance and Incentive Engineering updates! Enhanced coordination between token holders, validators, the Foundation and broader ecosystem via veNEAR is a major milestone in the continuous path of progressive decentralization.
@gauntlet_xyz
Gauntlet
2 months
Over the past few months, we've worked closely with various @NEARProtocol ecosystem contributors to design a comprehensive governance framework proposal for the NEAR Ecosystem, focused on transparency, accountability, efficiency, and — most importantly — long-term protocol
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@sidmvenkat
Sid
4 years
Sir no I am your son
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@sidmvenkat
Sid
5 years
Sometimes I can’t believe Kylie and Kendall are YOUNGER THAN ME. Is this what you’re 20’s are about? Finding out a bunch of famous people are younger than me???
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@sidmvenkat
Sid
3 months
2/ Centralized Stables: Last fall, Near had less than $20m of natively issued USDC and USDT NEAR now has: -$205m of natively issued USDC (3rd highest across non EVM chains) -$154m of natively issued USDT
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@sidmvenkat
Sid
23 days
2/ How does Arbitrum staking work? Arbitrum will work with @tallyxyz to create stARB - the first liquid staked governance token. Users can stake their $ARB tokens to receive $stARB and continue to follow their existing governance delegation.
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@sidmvenkat
Sid
11 months
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@sidmvenkat
Sid
4 years
Picnic table - 33% complete
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@sidmvenkat
Sid
4 years
still cant fucking believe Citadel & Point72 had to backstop Melvin all bc of a subreddit. The internet has been around my entire life but crazy to see that even today there are so many new ways ordinary individuals can collectively usurp the world as we know it via the interwebz
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@sidmvenkat
Sid
4 years
It would be dope as fuck if spotify had audio "filters" like an equalizer on steroids. What if i wanted to add a "slowed and reverb" effect to the song im currently listening to? A choped and screwed effect? And open the sdk for anyone to create/share their filters
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@sidmvenkat
Sid
4 years
It's kind of ridiculous election day isn't a national holiday
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@sidmvenkat
Sid
5 years
Ty Ian for reminding me how much it’s sucks that I don’t live in NY
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@sidmvenkat
Sid
3 years
I didn’t get a band aid when I got my first vaccine what are the chances it just leaked out
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@sidmvenkat
Sid
5 years
Teaching your sister calculus through text while drunk is a wiiiillllddd ride. Would not condone
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@sidmvenkat
Sid
4 years
finally bought a record player + speakers 🥳🥳
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@sidmvenkat
Sid
5 years
can i water my succulent w la croix
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@sidmvenkat
Sid
4 years
Highest in the Zoom - Travis Scott (Quarantine Remix)
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@sidmvenkat
Sid
3 months
9/ And this is just the start of Near's burgeoning DeFi ecosystem. Keep an eye out for continuous $NEAR TVL growth and new DeFi primitives being launched. Follow @Mo_DeFi @pikespeak_AI @chronear @proximityfi to stay up to date! As always NIA/NFA/DYOR
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@sidmvenkat
Sid
5 years
It’s crazy how little I missed high school compared to how MUCH I miss college
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@sidmvenkat
Sid
1 year
2/ @ConvexFinance was the first protocol on the scene with the goal of aggregating veCRV & has its own liquid wrapper with nearly 50% of all Curve voting power. Convex has been so successful that DAO's now bypass Curve & directly acquire Convex tokens
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@sidmvenkat
Sid
1 year
4/ @FraxFinance is a big ecosystem partner of Curve. The FraxBP (FRAX/USDC) pool is the second largest Curve pool with $.5B in TVL. Frax uses CRV incentives to attract LP'ers to Frax curve pools- this supports the $FRAX peg and generates revenue for veFXS holders.
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@sidmvenkat
Sid
4 years
I wish i could physically punch excel
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@sidmvenkat
Sid
4 years
A month ago a payment to @coinbase failed so they disabled my account. I resolved the issue on Coinbase, received an email confirm of resolution, resent the payment from my bank which shows up cleared, but my account is still disabled and @CoinbaseSupport hasnt responded AT ALL??
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@sidmvenkat
Sid
3 years
💪🏽💪🏽💪🏽
@falconxnetwork
FalconX
3 years
We’re excited to share that we’ve raised a $210M Series C round led by #AltimeterCapital , @BCapitalGroup , @SapphireVC , and #TigerGlobal at a $3.75B valuation - making us one of the most valuable institutional cryptocurrency companies in the world.
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@sidmvenkat
Sid
4 years
Petition for Apple to CANCEL screen time while we're all in quarantine
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@sidmvenkat
Sid
4 years
Update -80% complete
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@sidmvenkat
Sid
4 years
Picnic table - 33% complete
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@sidmvenkat
Sid
3 years
Blue shell in Mario kart is effectively affirmative action
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@sidmvenkat
Sid
3 years
Ripped my boxers when squatting AMA
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@sidmvenkat
Sid
1 year
5/ @ConicFinance is a yield aggregator that allocates liquidity only across Curve. Most Curve pools are paired with major stables - Conic allows the investor to diversify exposure across multiple Curve pools.
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@sidmvenkat
Sid
4 years
Ringo says hellooo
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@sidmvenkat
Sid
23 days
6/ What's the timeline for implementation? While the snapshot proposal passed with 99% support, the proposal still needs to pass with an on-chain Tally vote. If Tally proposal passes with similar flying colors, the Tally implementation proposal post audit should go live in Oct.
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@sidmvenkat
Sid
5 years
Young thug was really out there rapping about crypto and digital wallets five years ago! Truly a legend ahead of the times
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@sidmvenkat
Sid
4 years
The ONE time 420 was an entire month we got cooked by corona now I gotta live till 2120 smh
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@sidmvenkat
Sid
4 years
me @ me
@eyretartt
lucía 🏹
4 years
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@sidmvenkat
Sid
10 months
turkey who?
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@sidmvenkat
Sid
4 years
My parents are trying to become vegetarian so we don't have any meat at home... I've been dreaming about steak for the last week...
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@sidmvenkat
Sid
4 years
I unfollowed a bunch of accounts last night and twitter says I’m violating their following policy??? Let me just clean my feed plssss
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@sidmvenkat
Sid
4 years
somehow ended up with twitter on all four windows at once....
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@sidmvenkat
Sid
4 years
Spotify is easily my favorite/most used app ever, but how the fuck can i stop it from opening every time i restart my computer?
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@sidmvenkat
Sid
4 years
Bell peppers are elite veggies
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@sidmvenkat
Sid
3 years
I miss my gf :(
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@sidmvenkat
Sid
4 years
Dank
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@sidmvenkat
Sid
2 years
0/ Ethereum forking into PoW ETH & ETH 2 produces second-order implications for how DeFi survives the Merge. Let's break down what the risks are and which protocols have taken action to mitigate these risks 👇
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@sidmvenkat
Sid
2 years
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@sidmvenkat
Sid
4 years
listening to hella weeknd and drake this sunday putting me in such a mo00ood
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@sidmvenkat
Sid
10 months
gm
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@sidmvenkat
Sid
23 days
3/ What does stARB enable? With stARB, users can stake to earn governance power while simultaneously being able to use ARB across DeFi or potentially for restaking. However, its important to note that depositing stARB elsewhere reallocates your governance power to the DAO to
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@sidmvenkat
Sid
3 years
Glass Animals been putting out bangers for 5 years and they just got nominated for best “new” artist lmao
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@sidmvenkat
Sid
1 year
14/ A few protocols I missed adding - @WenLlama @Spiral_DAO Let me know if there's any other important protocols building on Curve that i've missed!
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@sidmvenkat
Sid
23 days
5/ Potential for fee sharing: The Arbitrum DAO treasury holds $45m in ETH generated via surplus fees from Arbitrum One and Nova. The DAO can decide to turn on fee sharing from revenue generated by sequencers and MEV, and stARB will auto-compound these rewards.
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@sidmvenkat
Sid
1 year
7/ @redactedcartel 's Pirex offers a liquid wrapper for Convex and has the 3rd largest amount of Convex coting power. Pirex also offers vaults to support auto-compounding and tokenized future revenues.
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@sidmvenkat
Sid
3 years
yeah just fucking shoot me already
@joncoffey
~JON
3 years
tax planning
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@sidmvenkat
Sid
4 years
am i getting old i have to 150% zoom on excel now
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@sidmvenkat
Sid
2 years
LFG!!! Dev report is out! 🔥🔥🔥
@MariaShen
maria 🐸
2 years
1/ Time for the 4th annual @ElectricCapital Developer Report! This year we are also proud to launch -- showcasing the data behind the report. We analyzed 250m code commits and 300+ people contributed to this year's report. Let's dig in👇
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@sidmvenkat
Sid
5 years
Why did my dad try to friend me on YouTube. I didn’t even know that was possible
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@sidmvenkat
Sid
4 years
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@sidmvenkat
Sid
3 years
true
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@sidmvenkat
Sid
3 years
1) Let's talk about the innovative products the folks at @friktion_labs are building. Part of the new wave of structured products building on DeFi derivatives, Friktion, built on Solana, constructs portfolios of structured products to generate yield.
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@sidmvenkat
Sid
1 year
1/ Thinking of launching a DAO? @Arbitrum 's recent governance drama led to some important insights that other teams should leverage for how to better launch and run their DAO
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@sidmvenkat
Sid
3 years
*stimmy hits* Me at the Bitcoin store: “let me speak to Satoshi”
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@sidmvenkat
Sid
5 years
Not to bash on people just discovering this, but this has been around for YEARS. Used it all the time for my hs French hmwk lol
@BitcoinBirch
Birch
5 years
Ok so probs been living under a rock but I just discovered Google VR translate. Life-saver when traveling abroad! I love technology🤓
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@sidmvenkat
Sid
3 months
Doing my duty and manipulating my drunk friends to sign up for half marathons 🫡
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@sidmvenkat
Sid
1 year
8/ @VotiumProtocol allows locked Convex and Curve token holders to earn yield by delegating their governance power via a liquid bounties market. Votium has executed over ~$285m in liquid bounties.
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@sidmvenkat
Sid
4 years
This lil boi is getting so spoiled smh
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@sidmvenkat
Sid
1 year
6/ @StakeDAOHQ is a yield & governance aggregator offering a variety of yield strategies. StakeDAO's liquid wrapper has the 3rd largest amount of curve governance power AND has the most liquidity to support its peg.
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@sidmvenkat
Sid
2 years
Sunday evening texts from Dad
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@sidmvenkat
Sid
4 years
Forbes pls stick to tracking the billionaires thx
@ForbesScience
Forbes Science
4 years
Technically lava can kill coronavirus, but there's a good reason why no-one is using it in the fight against the ongoing pandemic: nothing else would survive the encounter with molten rock either.
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@sidmvenkat
Sid
1 year
3/ A major way @yearnfinance generates yield is by LP'ing to Curve pools, so they are incentivized to aggregate veCRV and direct more CRV rewards to pools their vaults deposit to. Yearn's liquid wrapper currently has the second highest Curve gov power with 10.6%
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