Stacking DAO’s Post

Monthly newsletter is online! Let's see how March was for Citrea 🍊🍋🤓 Here's what's covered in this month's newsletter: 🔸Roadmap Details 🔸Unveiling Clementine 🔸Open-sourcing Citrea 🔸Citrea & The Bitcoin Halving 🔸ALPHA Our roadmap was published in March, which was a month full of open-sourcing for Citrea. In Q2, things continue heating up for Citrea as we prepare for the launch of Testnet Phase 1 🚀 The first code that we open-sourced was the BitVM ZK Verifier. Citrea can currently handle Groth16 verification in 4B cycles, indicating verifying zk proofs efficiently in WIP BitVM. We are now actively researching BitVM 2 for further optimization. Midway through March we open-sourced Clementine, Citrea’s BitVM-based trust-minimized two-way peg program, as well as the rest of Citrea's codebase. To celebrate Bitcoin's 4th Halving event, we've launched a Halving Campaign! 🎉 For details on Citrea’s roadmap and each component of code open-sourced in March, read the full newsletter. 👀👇🏻🧡 https://t.co/s0q5Wp38z0

Uncut Gems x Aligned Bitcoin Suisse Head of Research Dominic Weibel and Crypto Protocol Specialist Wolfgang Amadeus Vitale, PhD sat down with RJ and Diego Kingston, co-founders of #Aligned. Aligned seeks to accelerate the roadmap of #Ethereum by making proof verification faster and cheaper. They have a clear mission: to expand Ethereum's proof capabilities and to offer the infrastructure for the future of trustless applications using verifiable computation. Discover why proof verification is the next major bottleneck and how Aligned aims to solve it 👇 YouTube: https://lnkd.in/dU37SFhj   Spotify: https://lnkd.in/dnmYVAJF Apple Podcasts: https://lnkd.in/duZiFSMc Subscribe to our Uncut Gems newsletter here: https://lnkd.in/dHFGVT46 This social media post is for information purposes only, limited to our followers in Switzerland, and does not constitute an opinion, legal or investment advice or any other statement that creates any obligation or responsibility on the part of Bitcoin Suisse. Disclaimer and Disclosure: https://lnkd.in/dR6fXEHn

Many in the zk space are laser focused on proof generation. As a result, we’ve witnessed insane progress in the previous months. Proof verification however is the next looming bottleneck and that plays into Aligned’s hands. Discover why in the latest episode of Uncut Gems.

IN CASE YOU MISSED IT: A kid scammed $30k and Instantly regretted it This wild crypto saga serves as a must-read cautionary tale for crypto newcomers. It highlights: 💡 How Solana’s popular memecoin platform Pumpdotfun works 🚨 How to avoid getting scammed while trading 🎢 The Rise of the “Kid Quant” 📅 Two days ago: A young boy shared a photo on Twitter showing his Phantom wallet balance at $2.7K. 🖼️ The caption? “Just made 2 bands before school.” The tweet blew up, earning the boy the nickname “Kid Quant” from the crypto community. 🚀 What is Pumpdotfun? Pumpdotfun is a memecoin launchpad on Solana, designed to let anyone create a memecoin while minimizing rug pull risks. Here’s how it works: ⚙️ Stable Bonding Curve Ensures steady liquidity growth and price increases for low-market-cap tokens. 💵 Liquidity Locks • A portion of each token purchase is locked into liquidity. • Once liquidity hits $69K, it’s moved to Raydium Protocol, a decentralized exchange, for open trading. 🔒 Fair Play • Token creators must buy tokens like everyone else—no special access. • They can’t “rug” liquidity directly. 💥 The Gen Z $Quant Token Launch 🎥 The Kid Quant hosted a livestream to promote his token, which quickly gained traction. ✅ Liquidity Milestone: The token surpassed the $69K threshold, unlocking liquidity for Raydium trading. 🚨 The Rug Pull: During the livestream, the Kid Quant sold 25% of the supply all at once, crashing the price to almost zero and pocketing $20K. The entire event—including his reaction—was captured live. The video (⚠️ explicit language) went viral, and Twitter exploded with outrage. 📈 Twitter’s Revenge In an unexpected twist, users started revenge-buying the token after the rug pull, driving the market cap to $7M. 💸 If the Kid Quant had held on, he could’ve earned $1M—but he’d already cashed out. 🤦♂️ Round Two: The $Sorry Token Not learning from his mistakes, the Kid Quant launched another token on Pumpdotfun called I’m $Sorry. 💣 The Outcome? He rugged it again, netting another $10K. No remorse. Just 🤣. 🛡️ Crypto Lessons for Newbies Here’s how to protect yourself from situations like this: 🔍 Check Token Distribution: Always investigate how much of the supply is controlled by the creator or early whales. Large holders can crash the price with a sell-off. 👀 Watch for Anonymous Whales: Creators can sell and rebuy tokens using hidden wallets. Monitor for unusual activity from early investors. 📊 DYOR (Do Your Own Research): Understanding tokenomics and platforms like Pumpdotfun is crucial for avoiding losses. Drop your thoughts below! 👇 video credits: TikTok - PhantonTelevision Yes, this is rewritten with AI #crypto #eth #btc #quant #memecoin #rugpull

A concise list. ⚠️ To stay a-top of the ever-evolving world of decentralization.

Today, we're diving into the intriguing realm of Uniswap's governance proposal and its profound implications for the wider crypto space, with a special focus on how it intersects with Q.👇 https://lnkd.in/dg2PdMPf

A write up on how I would model an AirDrop for a hypothetical $BASE token. Base is an L2 Coinbase has developed, and currently there is no $BASE token. I thought it would be fun to set up a theoretical framework on how to go about a distribution plan for an airdrop. The goal is to find the optimal distribution of the token across 5 different recepient types, setting it up as a stochastic optimization problem. With the goal of maximizing conversion of Coinbase users to the base network, as well as preserving healthy tokenomics (minimizing a huge initial sell-off).

📖 Weekend Reading 📖 1️⃣ Jevgenijs Kazanins wrote about Coinbase’s quest for revenue diversification and sustainable profitability. What Coinbase has achieved since going public is remarkable: their non-transactional revenue accounted for 32% of net revenue in Q1 this year, and they have a path to keep that around 50% through crypto cycles. One of the major contributors to revenue is stablecoins. This is still kind of bonkers to me: “Coinbase has a special arrangement with Circle where it retains all interest on the USDC reserves for the stablecoins held on the Coinbase platform (Circle is paid a fee). In addition, Coinbase and Circle split interest income 50/50 for the stablecoins not held on the Coinbase platform.” There are still risks of course, as much of the non-trading revenue is also dependent on crypto prices: “staking rewards are earned in crypto assets, not in U.S. dollars; so, a fall in, let’s say, the price of Ethereum, will result in a decline in staking revenue even if staking volumes remain the same.” https://lnkd.in/dr5ECX5r 2️⃣ Mason Nystrom has a post about the privatization of order flow in Ethereum. In a nutshell, a large proportion of (particularly high-value) transaction volume is directed by apps and solver networks and run through private mempools. This leads to most of the value accruing to the apps themselves as well as the L1 blockchains, while squeezing out the L2s and other “middleware” protocols. The apps “will likely capture more value given their proximity to the users and offchain components that give apps more defensible moats,” while the L1 assets (e.g. ETH) can “capture significant value as non-sovereign reserve assets.” https://lnkd.in/d8ESyif9 3️⃣ I’ve been wondering what happened to Lambda School over the last couple years, and it turns out Ben Sandofsky has quite the piece on this saga. It’s not my intention for these weekend reads to veer into slander, and it should be noted this piece obviously doesn’t include Austen’s side of the story, but ultimately the evidence presented feels quite damning. https://lnkd.in/dDRbXzXP 4️⃣ ($) Ben Thompson had a great interview last week with Alexandr Wang of Scale AI. Wang’s story is quite interesting, having spent a chunk of his childhood competing in math and science competitions only to end up building a company whose primary value-add is human manual labor. Of course, while the nature of the work sounds less sexy, it has become a very essential cog in the AI machine, and Wang has really interesting insights on the current landscape. https://lnkd.in/dms5gVgw #coinbase #crypto #bitcoin #btc #eth #base #payments #fintech #stablecoins #usdc #uniswap #pfof #l2 #lambdaschool #isa #ai #llm #scaleai #openai #chatgpt

There is much stimulating analysis about the budding crypto ecosystem, but I have to say that I really appreciate Token Terminal's "Weekly Fundamentals." Why? They try to combine traditional financial perspectives with the fact that crypto assets, while different from conventional assets, can be modeled, analyzed, and categorized by relying on enhanced traditional perspectives. Yes, analogical and metaphorical thinking has its limits (and there is a huge risk of missing something crucial), but it can be a valuable heuristic when done correctly. This time, Token Terminal covers Coinbase's #Base and looks at various aspects of it, including how trades should view Base, its on-chain financials and KPI, a nice comparative take of Base vs. other Ethereum L2s, etc. I think that most equity analysts tend to miss out on Base when analyzing and valuing Coinbase's business. There are a lot of graphs and charts to make it easier to read and skim through. https://lnkd.in/dqJw4NEB

The most valuable crypto investment skill in 2024: Recognising when a narrative rotation takes place. Master it and you’ll see significant portfolio growth. These dates will get you started: 📅 2024 Crypto June Calendar 🗓️ 3 June : $CEEK - CEEK 3.0 3 June : $DUSK - €3.5M Bond Offering 4 June : $MINA - Berkeley upgrade 4 June : $MPL - SyrupFi Launch Webinar 5 June : $ATOM - V17 Upgrade 5 June : Coinbase Smart wallet Launch 6 June : $FRONT - Selfchain Mainnet 10 June : $RNDR - Apple WWDC 2024 ➡️ Hoping for a big announcement 10 June : $ZKJ - Polyhedra Staking 11 June : $FET - ASI Merge 12 June : U.S. - CPI 13 June : $STX - Stacks showcase 13 June : Bithumb - Delisting Decision $ALEX 13 June : $AR - AO token Launch ➡️ Fair launch! Looking forward to this 14 June : $CHZ - Euro 2024 starts ➡️ Bullish EM tokens on Solana 14 June : $CYBER - Mainnet Staking 18 June : Bithumb - Delisting Decision $GALA 18 June : $XLM - Mainnet upgrade vote 19 June : $FLOW - Testnet Network Upgrade 20 June : $BNB - Tycho hard fork 24 June : $MTL - Snapshot 25 June : $BTT - Halving of BTFS Storage Rewards 25 June : $SD - Mega burn 26 June : $THETA - Edge Node client Release 26 June : $FLUX - Fluxedge Alpha Public 27 June : 1st Trump/Biden debate 28 June : $VET - VeBetterDAO Mainnet 🔵 Token Generation Events June 5 : Taiko @taikoxyz June 6 : Ultiverse @UltiverseDAO June 13 : zkSync @zkSync ➡️ Finally! Been farming this for ages, bullish ZK! June 20 : Lista @lista_dao June 26 : Blast @Blast_L2 TBD : LayerZero @LayerZero_Labs ➡️ Will hopefully be one of the better airdrops TBD : Avail @AvailProject ➡️ Nice surprise airdrop TBD : Swell @swellnetworkio 🔵 Token Unlocks: $APT - $100M June 12 ➡️ should be manageable $STRK - $80M June 15 ➡️ big unlock compared to current float $ARB - $100M June 16 $UNI - $90M June 16 $OP - $80M June 30 🔵 Major Announcements: Ethereum spot ETF Launch ➡️ big catalyst for the Ethereum ecosystem and AI coins $FTM - $S Rebranding $UNI - Fee switch Approval $GAL - $G Rebranding $APE - Apechain Mainnet $GHST - Gotchichain Mainnet $RDNT - Radiant V3 $ACE - Fusionist game Release $AIOZ - AIOZ W3AI ➡️ one of the better AI coins 🔴 My personal highlights: 10 June : $RNDR - Apple WWDC 2024 ➡️ Hoping for a big announcement 13 June : $AR - AO token Launch ➡️ Fair launch! Looking forward to this June 13 : zkSync @zkSync ➡️ Finally! Been farming this for ages, bullish ZK! 14 June : $CHZ - Euro 2024 starts ➡️ Bullish EM tokens on Solana ❓Did you recognise the upcoming narratives❓ Shouldn't be too hard 😊 Credits: @layerggofficial on X