Durden ∞⧖ @durdenwannabe Twitter profile

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Durden ∞⧖

@durdenwannabe

2 years

Muh thread of threads 🧵👇

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Durden ∞⧖

@durdenwannabe

2 months

Behold the state of our industry. Remember the good ol' days when people said gm simply because it felt good? gm

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Durden ∞⧖

@durdenwannabe

4 months

Jupiter already has a vibrant community 🪐 I'm excited to help turn that community into a well-functioning DAO that will move not just Jupiter but the whole Solana ecosystem forward 🫡 LFJ!

Jupiter 🪐

@JupiterExchange

4 months

Today, as part of our J.U.P rollout, we are excited to introduce Jupiter Working Groups (JWGs) – independent groups of operators who will focus on growing the Jupiter community, enhancing the Solana ecosystem, and facilitating DAO coordination! 🥰 Given that this is a new

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Durden ∞⧖

@durdenwannabe

3 months

Not everyone knows that Lifinity runs a @jito_sol validator with 379,292 SOL of stake. Today we received an offer of $40k per month to onboard to a newly created mempool. That's ~2,526 SOL per year (~0.7% APY). Apparently they already have 2M SOL of stake. We declined.

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Durden ∞⧖

@durdenwannabe

7 months

Trading on @JupiterExchange not only gives you the best price... It also gives you access to @PythNetwork 's $PYTH airdrop by routing to DEXs using Pyth such as @Lifinity_io and @GooseFX1 . Traders swapping on a single DEX in shambles.

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Durden ∞⧖

@durdenwannabe

1 year

Wow 👀 Every dollar in the pool has been traded more than once every hour. And unlike other protocols the APR includes IL (which in Lifinity's case is positive – buying low and selling high). Next-level capital efficiency ♾

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Durden ∞⧖

@durdenwannabe

2 years

Lifinity has been live for a few months now, and Orca recently released their Whirlpools. These are the only two protocols on Solana w/ concentrated SOL-USDC pools. Let's see how they compare! A thread 🧵👇

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Durden ∞⧖

@durdenwannabe

7 months

The worst case time it takes @JupiterExchange 's Metis algo to calculate the optimal trading route across all DEXs on Solana is faster than the best case time it takes Uniswap to find the optimal route on just Uniswap. That's some god tier shit right there

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Durden ∞⧖

@durdenwannabe

7 months

A comparison of swapping 100k USDC to SOL on Jupiter, Orca, and Raydium. There is only one logical choice.

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Durden ∞⧖

@durdenwannabe

6 months

Wanna see something crazy? Normally, alarm bells should be going off in your head when you see 7,000% APR 🚨 But no gimmicks here, just organic yield, and crucially it includes the profit & loss from market making (before trading fees) that other DEXs tend to conceal. 🧵👇

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Durden ∞⧖

@durdenwannabe

3 years

We are proud to announce that The Solana Update has rebranded to The Solana Grapevine! 🎉🥳🎉 As you may have guessed from the name, with this rebrand we are officially joining the @grapeprotocol family 🍇 #itsGrape

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Durden ∞⧖

@durdenwannabe

9 months

ETH-USDC liquidity is better on Solana than on Ethereum for medium size ($10k), even before accounting for the difference in fees! @JupiterExchange vs @matchaxyz vs @1inch

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Durden ∞⧖

@durdenwannabe

2 years

I read @MagicEden 's most recent newsletter & was rather disappointed with its rhetoric for honoring royalties. I'm also dissatisfied with how @YawwwNFT didn't take their argument for users choosing royalties to its logical conclusion. A third perspective 🧵👇

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Durden ∞⧖

@durdenwannabe

7 months

Is LFNTY the first pre-FTX Solana token to go back above its IDO price? @Lifinity_io 's veIDO price depended on the user's lock period chosen, ranging from $0.42~$0.84 with an average price of $0.48

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Durden ∞⧖

@durdenwannabe

2 years

Last November, I joined the @Lifinity_io team. Lifinity is revolutionizing the DEX space in terms of efficiency, profitability, and tokenomics. A thread 🧵👇

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Durden ∞⧖

@durdenwannabe

1 year

New @orca_so just dropped. Pretty disappointed. Largely a psyops designed to get retail to trade on their platform rather than @JupiterExchange . Crucially, contrary to claims made prior to launch, Jupiter still *always* outperforms their new routing engine. 🧵👇

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Durden ∞⧖

@durdenwannabe

2 years

TVL, volume, and revenue are metrics commonly used to gauge the success of DEXs. But these fail to address what matters most: Can the protocol earn more than it spends? Here is my attempt to compare the profitability of Ethereum & Solana DEXs. Read:

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Durden ∞⧖

@durdenwannabe

3 years

The Solana Update is proud to be sponsored by Orca! Orca is the most user-friendly DEX on Solana. It’s intuitive, easy to use, and designed for people, not programs. (1/7)

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Durden ∞⧖

@durdenwannabe

7 months

Thought experiment. Suppose: ・Ethereum has 5x more devs than Solana ・80% of Eth devs work on scaling solutions or reducing gas costs within apps, the rest build apps ・All Solana devs build apps Then Ethereum and Solana have the same number of devs building apps.

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Durden ∞⧖

@durdenwannabe

7 months

🪐 JUP Airdrop Proposal 🪐 tl;dr ・Volume as the base ・Various multipliers to adjust volume ・Set max difference between smallest & largest airdrop ・Scale adjusted volumes to match max difference ・Interpolate intermediate airdrops ・Sanity check smallest airdrop size 🧵👇

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Durden ∞⧖

@durdenwannabe

5 months

Yo @blknoiz06 appreciate the @Lifinity_io shoutout on the recent @UnlayeredPod podcast 💙 Not sure how familiar you are with Lifinity, but capital efficiency is just the tip of the iceberg of things that set Lifinity apart from other DEXs 🧵👇

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Durden ∞⧖

@durdenwannabe

4 months

Token incentives as a % of the total supply to be given out in February: Orca: 0.025% Raydium: 0.1% Meteora: 1% 👀 This is massive. And it all starts with the JUP launch. Are you prepared?

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Durden ∞⧖

@durdenwannabe

7 months

🔒 JUP Airdrop Lock Boosting 🔒 What if @JupiterExchange could know which airdrop receivers will hold on to their tokens rather than sell them as soon as they unlock? Wouldn't Jupiter want to reward those users with more tokens? There is a way 🧵👇

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Durden ∞⧖

@durdenwannabe

6 months

That capital efficiency tho

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Durden ∞⧖

@durdenwannabe

8 months

SOL ETF

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Durden ∞⧖

@durdenwannabe

8 months

Even during this volatility, you can buy ETH up to $30k more cheaply on Solana than on Ethereum (even before considering fees!) @JupiterExchange vs @DefiLlama (both aggregators)

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Durden ∞⧖

@durdenwannabe

7 months

Fees generated since Oct 30 Orca: $366,600 Lifinity: $22,015 Fees accrued to the protocol Orca: $110 Lifinity: $22,015 That's the power of protocol owned liquidity ♾

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Durden ∞⧖

@durdenwannabe

9 months

We stayed retarded longer than Visa could ignore us.

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Durden ∞⧖

@durdenwannabe

6 months

♾️ Lifinity Tokenomics PSA ♾️ LFNTY gained a lot of new holders recently 👋 But few have locked their LFNTY for veLFNTY, which is what gives you a share of the protocol's revenue 💰 How to maximize your rewards 🧵👇

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Durden ∞⧖

@durdenwannabe

6 months

For the first time @Lifinity_io 's NAV hit $11M since the market crashed, which is more than the $9.6M + 15,000 SOL that was raised 💪 On top of that, since inception a total of $1.8M of revenue has been distributed to veLFNTY holders 🤌

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Durden ∞⧖

@durdenwannabe

5 months

A reminder that you can accumulate ETH more cheaply on Solana 🫡 And liquidity is only improving over time 🔥 Jupiter vs DefiLlama (both aggregators)

Durden ∞⧖

@durdenwannabe

8 months

Even during this volatility, you can buy ETH up to $30k more cheaply on Solana than on Ethereum (even before considering fees!) @JupiterExchange vs @DefiLlama (both aggregators)

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Durden ∞⧖

@durdenwannabe

6 months

Excited for Jupiter Start and how it's getting the community involved in the process, just like they did with the JUP airdrop 🪐 Would love to be a part of vetting projects and their tokenomics and help grow the pie! 🥧

meow 喵

@weremeow

6 months

"Grow The Pie" Update 2: Jupiter Start At Breakpoint, we presented 3 major initiatives to grow the Solana Pie: $JUP, Jupiter Start, and Jupiter Labs. Today, after extensive discussions with the ecosystem, we are delighted to elaborate more about Jupiter Start. For a long time,

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Durden ∞⧖

@durdenwannabe

3 months

A collection of LP chart porn Courtesy of @Lifinity_io These charts compare the performance of the pool vs just holding a 50/50 portfolio Starting with the highest volume pool SOL-USDC v2

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Durden ∞⧖

@durdenwannabe

1 month

Flare DAO currently has a 2,500 SOL bid on Tensor for its own collection. If this SOL was staked, the staking yield could buy back a Flare every 12 days. This strongly incentivizes Flare DAO to remove most of its liquidity from Tensor. Please make this a priority @tensor_hq

Durden ∞⧖

@durdenwannabe

3 months

If NFT AMMs & marketplaces began supporting staked SOL tokens (mSOL for example), liquidity providers would earn staking yield on their mSOL even as it remains idle as a bid or part of an LP position. In this world, would you place bids & provide liquidity in SOL or mSOL?

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Durden ∞⧖

@durdenwannabe

1 month

Meanwhile, Lifinity: ・No VCs ・Initial float of 20%+ ・Starting MC of ~$17M ・Team vesting schedule of 4 years

Alex Krüger

@krugermacro

1 month

Crypto fundraising is characterized by short vesting schedules, absurdly high valuations, and very low initial float. This has become the norm, and together these factors represent a time bomb. VCs played a major role in shaping this norm. For reference: - Crypto VC: 3-12

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Durden ∞⧖

@durdenwannabe

3 years

Alpha leak! It's possible to get more than 100% APY on your SOL, and PRT rewards on top of that 🤯

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Durden ∞⧖

@durdenwannabe

2 years

Amazing article by @semajeth on the perils of being an LP on CLMMs (Uniswap v3 style AMMs). It's quite long, so I extracted the most salient points for your convenience. 🧵👇

In the Long Run, We Are All Dead: The Fate of Passive Retail Liquidity Provision in Uniswap v3

Uniswap’s shift from v2 to v3 was an epochal moment in DeFi, with consequences that the crypto world hasn’t yet fully grasped. That update brought markedly greater capital efficiency for buyers, but...

semaji.substack.com

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Durden ∞⧖

@durdenwannabe

4 months

Less than 24 hours later...

Durden ∞⧖

@durdenwannabe

4 months

Are you prepared for the flippening?

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Durden ∞⧖

@durdenwannabe

3 years

In today's update... ・SamoTIPS ・Grape Access Opens to All ・Saber x Coin98 Wallet ...and more! #Solana @samoyedcoin @CropperFinance @hydraswap_io @ArmySatellite @solanagrape @Saber_HQ

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Durden ∞⧖

@durdenwannabe

3 months

There is no second most capital efficient 😤

Superteam

@SuperteamDAO

3 months

2/ Solana is the most capital-efficient chain. While TVL may be a vanity metric; DeFi velocity [Daily DEX trading volume/chain’s TVL] is a metric Solana DEXs have been leading in by a wide margin.

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Durden ∞⧖

@durdenwannabe

4 months

@HGEABC I have a ton of JUP

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Durden ∞⧖

@durdenwannabe

8 months

So @SaberProtocol recently changed its fees from 0.001% to 0.01% This is a 10x (!) change that is positive not just for Saber but also for all other DEXs with stable pools 👀 A lil' history 🧵👇

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Durden ∞⧖

@durdenwannabe

2 years

DEXs don’t show impermanent loss (IL). They are incentivized to hide IL so more people provide liquidity. Liquidity providers (LPs) just see APRs and ape in without understanding IL risk. LPs have to manually calculate their IL. This sucks. We can do better. A thread 🧵👇

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Durden ∞⧖

@durdenwannabe

2 months

Why is Lifinity's liquidity protocol-owned? Why not let users supply it, like every other DEX? tl;dr – To maximize profit 🧵👇

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Durden ∞⧖

@durdenwannabe

22 days

Lifinity Flares are the least hyped NFT project to make it into the top 10. ・Retained 100% of mint funds ・Backed by real assets ・Generates revenue from Lifinity's DEX & royalties ・Buybacks continually reduce the supply Slow and steady wins the race.

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Durden ∞⧖

@durdenwannabe

6 months

ETH maxi goes to sign their tx. "Watch ads for 0 gas fees? Why not." Ad for Solana starts playing. "Essentially free txs, no need to watch any ads!" A new SOL maxi is born.

danii

@danii_xyz

6 months

Watch ads to waive gas fees

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Durden ∞⧖

@durdenwannabe

11 months

The Parrot Protocol team has engaged in scummy behavior since its IDO, and it has now reached its peak. Where to begin...a recounting of Parrot's misconduct 🧵👇

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Durden ∞⧖

@durdenwannabe

9 months

What token locking system results in the best tokenomics? Mega thread 🧵👇

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Durden ∞⧖

@durdenwannabe

4 months

Now imagine the locked BONK could be tokenized the way max-locked veLFNTY can be converted to xLFNTY and traded. I think this would be a win for all parties involved. Lmk if the teams want to discuss.

BONK!!!

@bonk_inu

4 months

Introducing BONKrewards by @ArmadaFi Lock your BONK to earn rewards from Community built BONK Eco products like BonkBot, SVB, and BONKswap. Success of participating BONK Ecosystem Products = more rewards for users who Lock their BONK, with boosted rewards from the pool for

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Durden ∞⧖

@durdenwannabe

11 months

Recently, @orca_so reached out to one of @Lifinity_io 's partners, asking them to not make a market making deal with us. They claimed that Lifinity would have a negative impact on their token's on-chain liquidity depth. This is wishful thinking at best 🧵👇

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Durden ∞⧖

@durdenwannabe

8 months

Dear @solana For the next hackathon, please separate the tracks for Payments and Finance (DeFi). I'm sure I'm not the only one who wants to browse DeFi projects but have to wade through a ton of payment projects. So cumbersome I just gave up, will wait for others to find them.

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Durden ∞⧖

@durdenwannabe

6 months

♾ Lifinity Tokenomics PSA #2 ♾ "Top 10 holders have 98% of supply? Lifinity has TERRIBLE tokenomics." Or perhaps the top 10 list fails to provide a clear picture. Let's start by asking, who exactly are these addresses? 🧵👇

Peter MAD 🔫

@Ladmad77

6 months

@durdenwannabe @AnotherCryptoM1 @orca_so @RaydiumProtocol @Lifinity_io The fully diluted market cap is very big especially compared to a small holders amount. Top 10 holders hold 98% of all supply. These are huge red flags. I still hodl some Lfnity though, because I like the project itself. But the tokenomics needs fundamental imrovments

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Durden ∞⧖

@durdenwannabe

1 month

Think this makes a lot of sense as a memecoin launch model. ・Team gets no allocation ・But team gets the fees from the perma-locked liquidity ・Users more willing to buy because team can't dump ・Team is incentivized to build so that people speculate → generate volume → fees

Meteora

@MeteoraAG

1 month

1/ Today, Meteora expands its LP army to include memecoins! We've generated millions in LP fees for token launches, and, for memecoin creators we now allow you to compound and claim fees on permanently locked liquidity, for all time. 🔥

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Durden ∞⧖

@durdenwannabe

20 days

Banx is making it happen 🔥 Honestly it's a no-brainer, and once one project does it, gains a free competitive advantage from not missing out on Solana's native staking yield, and users see the light, all other projects will have to follow suit. You love to see it.

Durden ∞⧖

@durdenwannabe

1 month

Flare DAO currently has a 2,500 SOL bid on Tensor for its own collection. If this SOL was staked, the staking yield could buy back a Flare every 12 days. This strongly incentivizes Flare DAO to remove most of its liquidity from Tensor. Please make this a priority @tensor_hq

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Durden ∞⧖

@durdenwannabe

8 months

Seems like Eclipse and Monad will Solana-pill Ethereans in different ways. Use Eclipse -> Wow SVM so gud -> Hmm PoH, Turbine, etc. more efficient -> Use Solana Use Monad -> Wow parallelization so gud -> Hmm SVM better than EVM -> Use Solana All roads lead to Solana.

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Durden ∞⧖

@durdenwannabe

10 months

Points are all the rage on Solana. I found a way to earn points, and it doesn't even require any capital. tl;dr sell your unused bandwidth for $ and tokens. 🧵👇

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Durden ∞⧖

@durdenwannabe

7 months

Oh you have higher TVL? But my dude your value isn't even "locked" Not only is mine locked, I straight up own that shit More like TVO

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Durden ∞⧖

@durdenwannabe

8 months

What's worse than useless governance tokens? Points. Literally just a number on an off-chain database. They don't govern anything, and you can't even sell them. Solana DeFi 2.0 my ass. reeeeeeeeee

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Durden ∞⧖

@durdenwannabe

6 months

Been seeing a few misconceptions about this dashboard. 1. Only Protocol Earnings accrue to the protocol, not Total Earnings 2. Token emissions used to generate the earnings (i.e. the costs) are not included What really matters is PROFIT. 🧵👇

kellen

@runkellen

6 months

This dashboard enables earnings comparisons between NFT projects, marketplaces, DEXes, and infrastructure protocols like Helium and Hivemapper In the DeFi category, the top projects are 1. @orca_so 2. @RaydiumProtocol 3. @JupiterExchange 4. @Lifinity_io 5. @Kamino_Finance

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Durden ∞⧖

@durdenwannabe

9 months

Now if you shit on Solana, you are also shitting on Visa Just sayin

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Durden ∞⧖

@durdenwannabe

7 months

The first rule of Project S is: You do not talk about Project S.

Lifinity ∞

@Lifinity_io

7 months

Project S ⏳

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Durden ∞⧖

@durdenwannabe

10 months

Solana wasn't designed "to be contrarian to Ethereum" or "exist as a reaction to Ethereum" as claimed It was designed from first principles to be maximally efficient And that efficient design just happened to diverge from Ethereum's, which wasn't designed with that goal in mind

DavidHoffman.eth/acc🦇🔊

@TrustlessState

10 months

Catching up with @sassal0x tomorrow And we're doin it live 9am EST! 👇

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Durden ∞⧖

@durdenwannabe

2 years

(1/3) This account was formerly the Solana Grapevine. We weren't able to secure funding for our operation, so we've shut down for good 🙁 You might know me from Discord as Durden. I'm in a bunch of Solana project servers. I started and led the Solana Grapevine until its demise.

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Durden ∞⧖

@durdenwannabe

4 months

The rev distribution / token value accrual narrative is ramping up. Meanwhile, Lifinity has been front running it for nearly 2 years. Also, here's some alpha: the announced revenue figures don't include market making profit (MMP) 😉

Lifinity ∞

@Lifinity_io

4 months

Our next round of protocol revenue has been distributed! ♾ 68,218 LFNTY & 108,056 USDC has been added to our LFNTY-USDC pool.

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Durden ∞⧖

@durdenwannabe

1 year

I've said this before, but isn't Phoenix by @ellipsis_labs a clear improvement on OpenBook? What's the point of continuing to incrementally work on OpenBook's technical debt? Phoenix doesn't even have a frontend and is already regularly doing more volume than OpenBook.

OpenBook 📖2️⃣

@openbookdex

1 year

Things are getting spicy! Contribute to OpenBook at and have the Foundation match it with money that @Austin_Federa had previously earmarked for @therealchaseeb ’s severance package!

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Durden ∞⧖

@durdenwannabe

4 months

Confirmed that Grass will be launching on Solana 🤝 Still the easiest way to earn points in crypto 🌱

Durden ∞⧖

@durdenwannabe

10 months

Points are all the rage on Solana. I found a way to earn points, and it doesn't even require any capital. tl;dr sell your unused bandwidth for $ and tokens. 🧵👇

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Durden ∞⧖

@durdenwannabe

10 months

Thought experiment How much would Solana's fees have to be for its total fees generated to equal Ethereum's? Calculations 🧵👇

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Durden ∞⧖

@durdenwannabe

2 months

Are you one of the many who have been waiting for a Pendle on Solana? The wait is over! 🔥

Sandglass ⧖

@sandglass_so

2 months

Say hello to yield trading on Solana! ⏳ Link and launch notes below 👇

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Durden ∞⧖

@durdenwannabe

6 months

Highly encourage anyone asking this to try the same comparison for *insert favorite token* LFNTY still has one of if not the best book value to market price ratios among all assets on Solana For most assets, it's not even close So many with a book value of $0 and a ratio of ∞

🟩 Candy Factory // GG 🦎 🍭

@CandyFactoryNFT

6 months

@Lifinity_io Why are we 4x book value?

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Durden ∞⧖

@durdenwannabe

3 months

"It buys more when prices drop and less when they rise." Fun fact: this is what @Lifinity_io 's buyback bot has been doing for years 😎

Jupiter 🪐

@JupiterExchange

3 months

Introducing Value-Average (Beta) -- it enables you to auto-invest based on price action! 🚀 Check it out at It’s hard timing the market, value average can help with that. Value-average (VA) prioritizes balanced portfolio growth by dynamically adjusting

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Durden ∞⧖

@durdenwannabe

3 months

Update

Durden ∞⧖

@durdenwannabe

3 months

Update

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Durden ∞⧖

@durdenwannabe

6 months

. @Lifinity_io would like a word with you.

Doug Colkitt

@0xdoug

6 months

The narrative of Solana’s volume surge on Friday was it was enabled by OPOS (only possible on Solana) defi tech allowing for very high capital efficiency. In reality the comfortable majority of the volume was Orca and Raydium, vanilla AMMs with the same mechanism as Uniswap

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Durden ∞⧖

@durdenwannabe

23 days

This is the route @Lifinity_io took. The main thing that a CEX listing accomplishes is a temporary price pump; it doesn't create long-term value and eats into the team's funding. All of Lifinity's liquidity is on-chain & the vast majority is protocol-owned so it's permanent.

qw

@QwQiao

23 days

instead of trying to get listed on centralized exchanges at high fdv, resulting in airdrop farmers, marketmakers, and vcs dumping on buyers, painting a v ugly price chart why don't more teams just launch their tokens on dexes at low fdv, like in the old days, let price discovery

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Durden ∞⧖

@durdenwannabe

7 months

Purely organic yield

Lifinity ∞

@Lifinity_io

7 months

Our next round of protocol revenue has been distributed! ♾ The intrinsic value of LFNTY as of today is $0.3496. This was below the market price, so we added 190,437 LFNTY and 81,661 USDC to our LFNTY-USDC pool.

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Durden ∞⧖

@durdenwannabe

1 year

Damn, so much effort put into burning BONK. Imagine if it was instead directed at building & funding public goods on Solana. We all know the initial distribution of BONK was arbitrary & benefitted only a small number of projects. Public goods would benefit everyone.

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Durden ∞⧖

@durdenwannabe

6 months

Thanks for the idea 🫡

Digital Animal 🟠

@digitalanimal

6 months

@durdenwannabe can you add some descriptive .sol adresses to the protocol wallets? LFNTY-dao-treasury.sol LFNTY-shareholder-program.sol LFNTY-team-allocation-non-circ.sol LFNTY-protocol-profit-buybacks-non-circ.sol ...

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Durden ∞⧖

@durdenwannabe

6 months

Call options, but the strike price is a secret

Jordan ☉ | 💀🔥⚔️🪽

@jordaaash

6 months

So points are just call options on tokens that don't exist?

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Durden ∞⧖

@durdenwannabe

23 days

・If a token doesn't distribute revenue to holders, the only way holders can profit is by price going up, so holders shill ・If a token distributes revenue, price doesn't need to go up for holders to profit, and more holders may even mean a lower APY, so you don't hear about it

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Durden ∞⧖

@durdenwannabe

11 months

@MarinadeFinance 's innovations in the LST space are unparalleled. They just released another banger – Marinade Native. This looks to capture Solana's native staking market, which prior to launch composed 98% of all staking. Why this is a big deal 🧵👇

Marinade 🛡️

@MarinadeFinance

11 months

Welcome Marinade Native! Turn your SOL staking on autopilot: Automatic stake delegation to 150+ best-performing validators - no smart contract exposure - 0% deposit fee (limited time only) - 0% performance/withdrawal fee (forever) 🧵 Here's how it works:

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Durden ∞⧖

@durdenwannabe

2 months

The first pool-based yield trading protocol on Solana ⏳

Lifinity ∞

@Lifinity_io

2 months

Made with sand collected at Solana Beach And glass chewed by based devs We bring to you Sandglass ⧖ 🧵👇

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Durden ∞⧖

@durdenwannabe

10 months

The way @tensor_hq is minting is 🧠 People who say the price is high are confused. Tensor actually only takes 1.69 SOL. Shards were given away for free. What shards allow is price discovery prior to mint. Only reason mint price is "high" is because people bid up shards.

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Durden ∞⧖

@durdenwannabe

3 years

What are the advantages of providing liquidity for mSOL-SOL? Where is the best place to be an LP to maximize my yield? How do I calculate my APY? Part 3 of our Marinade DeFi series answers all these questions and more!

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Durden ∞⧖

@durdenwannabe

7 months

No, you haven't.

Lifinity ∞

@Lifinity_io

7 months

Have you ever seen a pool's liquidity be turned over more than 200 times within 24h, and still be profitable even before fees? 🤯

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Durden ∞⧖

@durdenwannabe

6 months

Given all the recent discussion around what oracle price to use for LSTs on lend/borrow protocols... One interesting design is Timeswap, which uses neither oracles nor liquidations. Think there's an opportunity to build it on Solana.

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Durden ∞⧖

@durdenwannabe

5 months

An idea for devs looking to build a small project that generates fees and has an eager user base awaiting them.

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Durden ∞⧖

@durdenwannabe

4 months

Shout out to the whale(s) LPing in the 0.01% fee SOL-USDC pool. They are getting rekt by IL to support Orca's booming volume (this pool alone is responsible for >1/3 of Orca's total volume).

Chris Burniske

@cburniske

4 months

To those who were questioning whether @orca_so is the dominant DEX on @solana (h/t @_LewisHarland_ )

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Durden ∞⧖

@durdenwannabe

3 months

@NamiSOLami @jito_sol I am not special. I'm not a beautiful and unique snowflake. I'm the same decaying organic matter as everything else. We're all part of the same compost heap. We're the all singing, all dancing crap of the world.

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Durden ∞⧖

@durdenwannabe

1 year

🏆 How Tensor Wins 🏆 ・Launch a TNSR token & adopt Curve's liquidity gauges ・Traders & LPs are rewarded for trading/market making ・TNSR holders determine TNSR emissions for each NFT project ・NFT DAOs acquire TNSR to vote for their project ・Buy back TNSR w/ a % of revenue

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Durden ∞⧖

@durdenwannabe

7 months

Forgot to mention that token holders have also received revenue distributions every month since the veIDO. Most tokens: Only hope is price go up LFNTY: Can lock for revenue distribution, is backed by protocol-owned liquidity, and of course also has a price

Durden ∞⧖

@durdenwannabe

7 months

Is LFNTY the first pre-FTX Solana token to go back above its IDO price? @Lifinity_io 's veIDO price depended on the user's lock period chosen, ranging from $0.42~$0.84 with an average price of $0.48

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Durden ∞⧖

@durdenwannabe

7 months

The following table shows the USDC → USDT trade size and corresponding trading fee for Solana's DEXs such that the trader would end up with the same amount of USDT as on Ethereum when the median tx fee is paid (using numbers from the aggregators @JupiterExchange and @DefiLlama ):

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Durden ∞⧖

@durdenwannabe

2 years

24h Volume / TVL Lifinity: 3.62 Crema: 0.66 Saber: 0.04 Serum: 0.01 Raydium: 0.01 Orca: 0.01 Few

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Durden ∞⧖

@durdenwannabe

5 months

Fyi Lifinity's announced revenue doesn't include market making profit (MMP) - the profit from buying low and selling high (before trading fees). The MMP for each pool can be seen by hovering over their Net APRs. It's often greater than the fees 💪 OPOL

Lifinity ∞

@Lifinity_io

5 months

Our next round of protocol revenue has been distributed! ♾ Lifinity DAO has voted to use half of the buyback funds for buybacks and the other half for increasing liquidity (previously all used for liquidity)👀 54,702 LFNTY & 140,729 USDC has been added to our LFNTY-USDC pool.

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Durden ∞⧖

@durdenwannabe

10 months

Plz build it on Soylana

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Durden ∞⧖

@durdenwannabe

6 months

Yo @birdeye_so when can we sort markets by volume rather than TVL? Some markets are super efficient, doing much more volume per unit of TVL. Take this Lifinity pool for example, doing massive volume given its relatively small TVL, but you have to go to page 5 to see it.

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Durden ∞⧖

@durdenwannabe

2 months

A ton of time, thought, and discussion went into this. Deciding on the use of DAO funds is always a sensitive subject (and rightly so), but regardless of the outcome I'm happy with the process we used to form this proposal.

Jupiter 🪐

@JupiterExchange

2 months

Vote on CWG’s Budget Proposal The vote to fund the first Jupiter Working Group is live! This vote is crucial in setting a precedent to fund working groups to drive the DAO’s initiatives forward. The CWG has spent a week in community discussions, and has presented their 2024

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Durden ∞⧖

@durdenwannabe

1 year

Absolutely based. Thinking ahead, what if validators could bribe mSOL holders to direct stake to them? 🤔 Validators would pay SOL stakers to stake through Marinade and direct their stake to them 💰 It's like liquidity mining but Marinade doesn't have to pay for it 🤯 🧵👇

Marinade 🛡️

@MarinadeFinance

1 year

MARINADE'S DIRECTED STAKE IS OFFICIALLY HERE! You can now stake SOL with a single validator and get $mSOL for Solana DeFi. And it's officially LIVE! 🧵How it works (1/10):

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Durden ∞⧖

@durdenwannabe

4 months

Are you prepared for the flippening?

Durden ∞⧖

@durdenwannabe

4 months

Token incentives as a % of the total supply to be given out in February: Orca: 0.025% Raydium: 0.1% Meteora: 1% 👀 This is massive. And it all starts with the JUP launch. Are you prepared?

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Durden ∞⧖

@durdenwannabe

1 year

Were you impressed with trading every dollar once every hour? It's now trading every dollar more than twice per hour 🔥

Durden ∞⧖

@durdenwannabe

1 year

Wow 👀 Every dollar in the pool has been traded more than once every hour. And unlike other protocols the APR includes IL (which in Lifinity's case is positive – buying low and selling high). Next-level capital efficiency ♾

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Durden ∞⧖

@durdenwannabe

1 year

Has @solana considered the idea of rewarding apps with a portion of tx fees that originate from them? Burning is nice too, but incentivizing apps in this way might be more powerful. Build to Earn 👀 Thoughts?

Fantom Foundation

@FantomFDN

1 year

📢 Fantom’s latest governance proposal has passed, bringing gas monetization to successful dApps! Along with optimizing demand for block space, this implementation rewards quality creators on #Fantom in a sustainable way, using a methodology similar to affiliate incentives. 🧵

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Durden ∞⧖

@durdenwannabe

5 months

@SolJakey @Lifinity_io is the most profitable DeFi protocol on Solana right now.

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