3AC is one of the largest funds in crypto.
At peak, it had over 5 billion dollars of assets and owned hundreds of thousands of ETH.
As of today, it appears insolvent, and it's taking the whole crypto market with it.
The 3AC Thread:
๐๐งต
My girlfriend told me I can invest her money into crypto.
Little does she know Iโve been siphoning her fiat bank money into shitcoins for over a year.
Wait til she finds out that I turned $50k into $10k. Bullish on our relationship.
defi is definitely not fucked by the US regs
even if the regulators somehow manage to make the uniswap and compound protocol unusable
there are hundreds of faceless supercoders who can rebuild and redeploy them
the genie is out of the bottle; the technology is too powerful
wintermute's address had 7 leading 0's
according to
@k06a
's estimation, can brute for this in 50 days using 1000 GPUs
the attacker was definitely a pro
We are the middle children of history
Born too late to explore earth
Born too early to explore the galaxy
But born just in time to govern the protocols
How many crypto VCs are actually in the trenches buying microcaps, using telegram sniper bots, and betting on hamsters on-chain?
This is the real on-chain activity, not music nfts
New projects should airdrop their tokens to people who have held their UNI, ENS, etc. airdrops.
Creates an incentive for people to hold their airdrops in expectation of future rewards from other projects
This is how we win together ๐ค
ok someone has to say it
whether or not you like Dani or his coins or frog nation, he is an undeniably successful builder and possesses many traits that other founders should try to learn from. eg charisma and work ethic
bitcoin and ethereum are at all time highs
everyone is talking about nfts
we have achieved mainstream adoption
you are no longer โtheโ crypto guy, just โaโ crypto guy
this is all you ever wanted, right anon?
crypto frontends should only prompt wallet actions (connect, sign) only when there is an action required. reading from a website should not require any wallet interaction at all
today on crypto twitter:
- su zhu and kain argue about maximalism and buying properties
- flashbots/researchers and avax team argue about MEV
- kenny griffin outbids a DAO for the American constitution
You take the blue pillโthe story ends, you wake up in your bed and believe whatever you want to believe.
You take the red pillโyou stay in Wonderland, and I show you how deep the rabbit hole goes.
Remember: all I'm offering is the truth.
polychain will probably be the top performing fund this cycle
they lead the seed/series a of many of the $ billion+ launches
celestia
eigenlayer
manta
altlayer
tao
etc..