🦈 Poolshark Early Mode Booster
@PoolsharkLabs
is an AMM where users can create directional positions to profit from volatility.
💰 1% of FIN token supply for Mode's early birds
💰 1% airdrop to FIN holders on Mode from Arbitrum
Activities: Liquidity provision and trading.
Today we are grateful to present a detailed overview of Poolshark, the first-of-its-kind directional AMM where LPs can adopt buy-and-hold strategies.
@arbitrum
Mainnet launch is scheduled for early March.
@fuellabs_
Testnet launch set for early April.
This past week, the stablecoin market was affected by the $USDC depeg that will influence stablecoins forever.
Today we will discuss how Poolshark can expand the tooling available for self-custody users in black swan events.
Let's capture some volatility 🤿📈
🧵 1/19
/ 1🦈
Today we are releasing the source code for Cover Pools, the first automated stop-loss on-chain.
Poolshark is enabling mass adoption of AMMs by traders who want to place directional range orders.
It's time to enable the liquidity computer. 🦈 💻
Join us in the
@modenetwork
Discord tomorrow at 2:30pm UTC 🦈
In the lead up to TGE, the team will discuss the FIN token launch on Mode and further plans to grow liquidity on Mode 🟡
The FIN token launch will begin at 3pm UTC 🧑🚀
Announcing Cover Pools: the Liquidity Pool for Stop-Losses on Fungible Tokens. Built in-house at
@PoolsharkLabs
.
Cover offers LPs proactive protection similar to a Stop-Loss.
@arbitrum
Public Testnet launching soon ™️
Let's dive in 🤿
Mainnet 2024.
Three years ago, Fuel Labs redefined the rollup landscape with Fuel V1, the first optimistic rollup on Ethereum.
Today, we unveil The Rollup OS – a modular vision for rollup technology that will reshape the future of blockchain development.
From Day 1 of launch on both
@arbitrum
and
@fuellabs_
,
Directional Liquidity will enable Liquidity Providers to capture profit and market strength with less maintenance.
So what is Directional Liquidity and how can it be leveraged?
🧵 1/n
Congrats to
@fuel_network
on rolling out their Rollup OS
AltVMs are positioned to scale ethereum and fuel's FuelVM is specifically designed to scale ethereum rollups ⚡️
Fuel the Future ✨
Mainnet 2024.
Three years ago, Fuel Labs redefined the rollup landscape with Fuel V1, the first optimistic rollup on Ethereum.
Today, we unveil The Rollup OS – a modular vision for rollup technology that will reshape the future of blockchain development.
Beyond the FuelVM being the true "first home" of the Poolshark Protocol..
We believe there is one primitive the FuelVM enables that is not being discussed enough:
- Native Account Abstraction! 🎁
Gm sharkies 🦈
The team has been cooking 🧑🍳 building partnerships these last couple weeks while we've been preparing for initial $FIN incentives.
A lot of things are in the pipeline for February 📆
Let's dive in 🤿
The
@fuellabs_
bridge is now available on testnet and extends from Ethereum Goerli onto the Fuel Network.
Now you can try out the full experience from start to finish 🫡
Our team will likely be deploying onto Fuel testnet in the coming month.
The Vision for Poolshark:
Enable anyone to become a Profitable Liquidity Provider. Simple.
Currently this is not the case as discovered by
@thiccythot_
in his thread on the state of Uniswap v3 LPs.
1/n 🧵
The Poolshark sharkie 🦈 community is officially 1,000+ followers strong!
Thank you all for the support 🫶
We're working hard behind the scenes to enable Passive Liquidity Providers to become profitable 🫂
🚀 We're excited to announce the release of our Beta-2! 🚀
This will be the final testing phase before deployment on
@arbitrum
⛓️
Features available in this release:
- Limit Swaps 💰
- Full Limit UI 💻
- Cover TWAP 📊
Signup to receive access: 🔑
Sanko, - Crypto's Gaming Layer 3
SankoScape is one of the games which is reminiscent of OSRS, where one of the original decentralized exchanges existed first.
🔊 SOUND ON 🔊
Poolshark is officially celebrating 5,000 followers on Twitter! 🙌
The team is incredibly grateful for the support of decentralized traders everywhere in reaching this milestone.
Back to work and focusing on shipping V1! 🦈
🦈 🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈
Poolshark now officially supports
@dexscreener
! 🦅
$FIN price and charts can now be viewed from the Dexscreener UI.
Liquidity migration for existing LPs:
legacy[.]poolshark[.]fi
🦈 🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈🦈
/ 4🦈
With the release of the smart contracts, we are also publicizing audits we received from both
@GuardianAudits
and
@VeridiseInc
.
Working with both auditors was an amazing experience and we are grateful for their enthusiasm for decentralized finance as a public good.
⚠️ Warning to our users ⚠️
There is no official Telegram group for Poolshark.
Anyone claiming to represent Poolshark Protocol on Telegram is not affiliated with the official Poolshark Labs team.
This is where we believe
@fuellabs_
will come into the picture and has the potential to offer more scalability and optimization than any other Virtual Machine on the market...purely for execution.
Key features:
- Zero token approvals ⏩
- Sub second block times 🤞
🧵 16/n
Poolshark Labs has officially applied for listing on
@coingecko
. 🫡🦈
This tweet was made to verify the listing application.
Our request ID is as follows:
CL2212230063
GM
We are speaking with our frens at
@compolabs
to chat everything fuel and all the stuff they've been cooking with
@Sprkfi
and
@swaylend
Join us on 29th Jan (thursday) at 4PM UTC 🦈
Set your reminder 👇
1/ Injective
#inEVM
is live on mainnet, the first ever rollup designed to supercharge concurrent VM development.
inEVM enables Ethereum developers to build dApps that leverage blazing fast speeds & near zero fees while achieving composability across WASM and EVM
Read on 👇
🦈 Live Q&A with founder
@alphaK3Y
🦈 Where: Tomorrow Jan 5th @ 3pm UTC on Mr. Masa's YouTube channel
Get all the latest alpha on what's coming next month 😤
My next special guest for Key Person Interview is
@alphaK3Y
, Founder of
@PoolsharkLabs
, DEX2.0.
Last week, they achieved $300K public bonding sales less than 40 min.
Their directional liquidity technology not only achieves higher capital efficiency than
#Uniswap
and
#Curve
,
A big thanks to the
@Dolomite_io
team for hosting
@rarddd__
and
@alphaK3Y
.
From intents to liquidity across DeFi, we covered a lot in the span of 60 minutes! 🎙️🦈
Don't forget to grab your Dolomite XP 🏔️🧗
A big thanks to
@ChainlinkBull
,
@rarddd__
, and
@alphaK3Y
for joining us for a great roundtable! 🔥
🎧 If you missed out, you can listen to the recording here:
✨ And if you listened in, you can claim your Dolomite XP here:
Starting December 11th, Poolshark users will be able to bond their WETH to FIN on
@arbitrum
Mainnet to engage in DAO participation and revenue sharing.
The liquidity received through the bond purchases via
@Bond_Protocol
will be used to seed FIN/ETH liquidity for launch.
Poolshark Labs has officially applied for listing on CoinMarketCap. 🫡🦈
This tweet was made to verify the listing application.
The spreadsheet submitted for token info is here:
📢 Announcing the start of Season 0 Block 2 🦈 ✨
📅 Block 2 runs from March 9th to April 9th
💱 Eligible Pairs on
@modenetwork
:
- ETH/USDT
- ETH/USDC
- USDC/USDT
- ???/???? (coming soon)
100,000 oFIN has been allocated this month to Mode LPs 🟡
🦈 Gm Sharkies 🦈
Community Call
#6
will take place this Wednesday, March 13th at 5pm UTC in the Poolshark Discord.
Topics covered:
1. FIN token migration on Mode
2. FIN airdrop on Mode
3. Expanding into new pool types
4. Mode Devdrop distribution
/ 3🦈
Cover automatically improves the price for the LP, allowing you to smoothly trade one asset for another as price movements occur.
It's goal is to beat out the price of other pools through its Tick Auction mechanism, ensuring traders are filled as price moves.
/ 7🦈
For those of you that have been with us for quite some time, we will be enabling you to be the first to try out Cover and help us shape the future of the protocol!
We're excited to share this journey together of making directional trading more scalable and safe on AMMs.
The release of this whitepaper marks the end of a long journey and the start of a new one: one to improve outcomes for liquidity providers and end passive LPs being forced into mean-reversion strategies (i.e. Uniswap, Curve, etc.).
LPs can now balance out their holdings.
The Poolshark team is thrilled to announce Price Pools will be coming mid Q2 2023 📈
When there is a lot of uncertainty on the token price, such as $BLUR in this case, Poolshark's Price Pools (soon ™️) will serve as the backbone for users employing Take-Profit range strategies.
Given the sentiment, people feel it rallies to 1 USD and beyond.
- Maybe Binance listing happens
- Maybe perps lisitng happens
- PVP szn happens, funding rate goes bonkers
- Short squeeze happens.
No one knows, everyone readjusting every hour.
/ 2🦈
Cover has been in the making since last November, when we decided traders needed a way to protect against market movements in a transparent and trustless way.
Dolomite team has been cooking! 🧑🍳🏔️
With vARB, the Arbitrum ecosystem can use ARB as collateral on Dolomite while still having voting rights.
Dolomite supports lending and borrowing for all your favorite Arbitrum-native assets such as GLP, GMX, and ARB.
We're very excited to announce the launch of something special we've been cooking up 👀
Vote-Enabled ARB (vARB)!
With vARB, you can use ARB as collateral for borrowing while at the same time using it to participate in
@Arbitrum
voting!
Read more on how this changes the game 👇
The Poolshark team is pulling up alongside
@CogFinance
to host a weekly AMA where we talk all the latest DeFi alpha and answer questions from the community.
Show up and we might toss a whitelist spot your way 🦈👀
⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️⚙️
Doing our first twitter spaces AMA with
@PoolsharkLabs
chads this Friday at 2PM EST! You don't want to miss the future of france. There may or may not be some alfa, too? See you there!
@Hyperlane_xyz
will also be making an appearance on Fuel, bringing their revolutionary omnichain bridge to further modular expansion. ☄️
Fuel users will be empowered with a vibrant ecosystem of applications and services 100% autonomously. 🤖
Flavor
#1
of directional liquidity:
Cover Pools:
Standard Range LP positions always take the losing side of the market.
If the market wants ETH, they take DAI.
If the market wants DAI, they take ETH.
Gm sharkies 🦈
The team has been cooking 🧑🍳 building partnerships these last couple weeks while we've been preparing for initial $FIN incentives.
A lot of things are in the pipeline for February 📆
Let's dive in 🤿
Where/when is Community Call
#4
-----------------------------------------
Community Call
#4
will take place December 20th at 4pm UTC.
Members can join us here on Twitter/X to take part and ask any questions 1 hour before TGE.