Zach Rynes | CLG
@ChainLinkGod
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Community Liaison @Chainlink | Blog https://t.co/IonICLpj9t | Podcast https://t.co/kqA2T0K23G | Explaining crypto from first principles | Opinions are my own
Joined December 2012
2024 has been an absolutely monumental year for Chainlink $LINK. • $18T+ transaction value enabled.• 15B+ verified messages onchain.• $1B+ CCIP token transfer volume .• 32+ blockchain ecosystems integrated. • @swiftcommunity + Chainlink enter pre-production on blockchain.
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A group of degens in a sex cult, high on amphetamines and living in a $300M compound in the Bahamas stole $10B of customer funds, all to lose it by gambling it away on magical internet beans. what.
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@elonmusk Elon, you're making crypto look like a joke when you shill this shitcoin, people are going to unironically lose their money on this.
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Yeah man crypto is the future, let me bring you up to speed. First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out). This caused the largest crypto hedge fund to go insolvent due to excessive
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@elonmusk @PeterMcCormack Elon, while the thread is a bit adversarial in it's tone, it does have its truth in that Dogecoin is orders of magnitude more centralized in both terms of node count and supply distribution than existing cryptos like Bitcoin, people will lose money when these whales dump.
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@elonmusk @PeterMcCormack Elon with all due respect, @PayPal is an entirely centralized system that is neither decentralized, censorship resistant, nor permissionless. It is incomparable to what blockchains are aiming to achieve, Bitcoin is the first time in human history we have truly decentralized money.
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@elonmusk You do realize that Doge is Proof of Work, just like Bitcoin? . The only reason Doge uses less energy is because it's far less decentralized with a much lower hashrate (and therefore less secure). Dogecoin is literally a fork of Litcoin, which itself is a fork of Bitcoin.
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I didn't ask for the SEC's "protection". Did you? . Did anyone?.
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@stablekwon Rather than calling people poor and dunking on them, you could have properly explained the death spiral risks around UST to the retail investors who trusted you and simply wanted a safe source of stability and yield to combat inflation. The market humbles all.
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1/ Tokenized Real-World Assets (RWAs) is how #DeFi will scale to a global level. A 🧵 covering my thoughts on the opportunities and challenges this present.
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I wonder how many years this event delayed the mass adoption of crypto.
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Seeing a narrative that $LINK is “just an oracle” while $XRP is the bank coin. This couldn’t be further from the truth. @Chainlink is verifiably working with the largest financial institutions in the world on connecting banks to blockchains . This includes:. - Working with
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@RepRashida @RepChuyGarcia @RepStephenLynch How exactly have stablecoins disenfranchised low-income or PoC? in fact they've done the exact opposite providing equal access to financial services regardless of who you are. This bill will do exactly the opposite of what you're saying it will, please educate yourself.
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Seeing a lot of misconceptions and confusion around $stETH (@LidoFinance liquid staked Ether) . Thought I’d write a short thread on my perspective.
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The reality is that there is no net new money coming into crypto at the moment. - Retail is rekt and normies mostly think crypto is a scam. - Funds are largely rekt and capital inflow has significantly slowed down. - Institutions are largely on the sidelines waiting for.
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@yaffebellany Absolute puff piece, trying to frame SBF as “ambitious but overextended”. SBF committed fraud by stealing billions of dollars worth of customers funds while lying to everyone the entire time. NYT has had a policy to be negative on tech for years, why is SBF/FTX now the exception?.
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@brian_armstrong So the SEC is pushing people through a minefield, without telling anyone where the mines are and yet at the same time telling them to not step on any mines or you'll die. This makes zero logical sense.
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@SenWarren You are successfully weakening America's position in the future global economy by spreading disinformation about Bitcoin and decentralized financial infrastructure. You're pushing financial innovation to other countries, leaving Americans worse off. Take the banker earpiece off.
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1/ #Chainlink's Cross-Chain Interoperability Protocol (CCIP) is officially live on mainnet 👀. What does this mean for the cross-chain ecosystem and what new capabilities does CCIP bring to the table?. Let's dive in 🧵👇
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Absolutely no way they personally hacked Bitfinex. Likely purchased OTC directly or indirectly from hacker at an extremely deep discount, likely 95%+. Nobody competent looks at $4B of BTC and thinks ”yeah I can launder that no prob” and then stays in NYC.
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This is called legally enforced racketeering. >Refuse to publish public guidelines.>Tell companies to work with SEC.>Sue them after they ask for help.>Profit. Who's the SEC protecting? The consumers? . LOL no. It's the traditional rent-extracting prison of our financial system.
8/ But in this case they are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. Whatever their theory is here, it feels like a reach/land grab vs other regulators.
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The President of the United States for the next four years just purchased $1M of $LINK onchain . You’re going to get tired with how much winning you’re about to experience .
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Donald Trump is the Michael Saylor of Chainlink $LINK.
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Nothing encapsulates DeFi better than a founder depositing ~50% of his token’s circulating supply into various lending markets to fund the purchase of a mansion. Then letting the position pose such a systemic risk to the solvency of the ecosystem, that those who have a vested
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If you had $1M of $LUNA one week ago. You now have $165.
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When a new chain is launched, the most common promotion is that they’re faster and cheaper than Ethereum. The issue is that they start with an empty state tree, which is then compared to Ethereum, which has a massive 6+ year old state tree (100GB+). Don’t fall for the fallacy.
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The $LINK marines were right all along. Memes predict reality
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Coinbase Derivatives just filed with the CFTC to list US regulated futures contracts for $LINK 🔥
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"Chainlink is just an oracle". What started as a single ETH/USD Price Feed has since expanded into a fully-featured platform of services. There are now 1,000+ #Chainlink oracle networks that span external data, offchain compute, and cross-chain interoperability. A thread 🧵
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.@BlackRock, the largest asset manager in the world, just launched their first tokenized fund on a public blockchain . $BUIDL (BlackRock USD Institutional Digital Liquidity Fund). $100M of $USDC has already been issued onchain to support this fund. $BUIDL is a token on Ethereum
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.@Coinbase is integrating @Chainlink into their Project Diamond platform to accelerate the institutional adoption of tokenized assets 🔥. CCIP will enable new assets issued on the Project Diamond platform to become interoperable with public and private blockchains. While.
.@coinbase’s Project Diamond integrates the Chainlink standard to accelerate digital asset adoption. Institutions will be able to leverage Chainlink to manage the full lifecycle of tokenized assets on the Project Diamond platform.
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1/ A thread on blockchain scalability, decentralization, throughput, gas, and modular blockchains.
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#Chainlink is the most widely adopted decentralized oracle network across the blockchain ecosystem . Below I have compiled a list of some of the best written/recorded resources across the Internet that dive deep into @Chainlink . Learn more today 👇.
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1/ #DeFi yield opportunities for $LINK, a thread. With permissionless, compossible, and decentralized financial infrastructure, anyone can turn their tokens into productive assets. *NOTE* Nothing I describe here is risk-free, bug and hacks can happen, always DYOR before apeing
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How are #Chainlink services monetized and how will this accrue value to $LINK?. Let’s dive in👇. Chainlink services including CCIP, Data Streams, Functions, and more have been monetized since day one, key for achieving economic sustainability. That means, as a user, you are
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$LINK is and will be the most hated rally on crypto twitter . Seeing absolute disbelief by those who haven’t been following protocol development or adoption metrics at all. “Just a price oracle”, sorry ser this isn’t 2019 anymore, time to do some much needed due diligence.
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$LINK is inevitable, even @realDonaldTrump knows it. $2M of $LINK acquired by the President-elect of the United States of America in just the past day . 🇺🇸🦅
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$BTC Digital gold store of value layer.$ETH Global neutral settlement layer.$LINK Definitive truth transport layer. Golden trio.
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If you're not putting your crypto assets to work, you should fix that. There are just too many yield opportunities in #DeFi to ignore. Tweet thread upcoming on $LINK yield opportunities (yes this will dilute my yield but you're my frens).
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The mass adoption of crypto is not when your grandma is speculating on latest algo ponzi coin . But when smart contracts are the dominant form of digital agreement, deeply ingrained into how society works. Somewhere along the way, we lost our path.
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@SBF_FTX This explanation doesn’t make any sense. Per FTX’s own terms of service, customers assets on FTX belong to customers, so why were they taken and given to Alameda?. This wasn’t an excessive leverage problem, it was a stolen user funds problem.
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Chainlink doesn’t compete with blockchains. Chainlink doesn’t compete with financial institutions . Chainlink’s neutrality makes it perfectly positioned to connect global capital markets to the onchain economy . $LINK is the glue between TradFi and DeFi
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Congrats your smart contract blockchain will finally have smart contracts after 5 years!. To catch up with Ethereum, now you just need. SC devs.dApp users.Browser wallets.SC frameworks.UI frameworks.Test frameworks.Oracle networks.Indexing networks.Keeper networks.Block explorers.
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Well my net worth was just cut in half today, is this really going to be an annual thing now? . Still not selling.
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If you think Chainlink is “just an oracle” for DeFi price feeds, then you have some catching up to do . $LINK connects banks to blockchains. Verifiable, public adoption of Chainlink by the world’s largest financial institutions
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There is a truly pure-hearted good Samaritan out there . Someone just donated 24,703 $LINK ($600k) to @Don_ChainLink after his wallet hack. And donated 9,661 $LINK ($234k) to @linkchainlink after his wallet hack. 🤯.
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I always found FTX’s advertising to be really weird. They were just ads for Sam’s face
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I've learned more about finance by playing RuneScape and using DeFi than I ever learned in school. Like it's not even close, kinda sad in a way but it makes sense why most people do not understand how the economy works and just label everything they don't understand as a "ponzi".
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DeFi is a digital casino. NFTs are altcoins with pictures. DAOs are group chats with a bank account. Welcome to crypto, where nothing makes sense and everyone is angry all the time.
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Trump's @worldlibertyfi DeFi project is buying up $LINK, accumulating $1M (41,335 LINK) so far over the past hour 👀. This follows from the recent announcement last month that World Liberty is adopting @Chainlink, starting with the integration of Price Feeds for its @aave V3
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.@SergeyNazarov just announced that Chainlink is working with SWIFT on a CCIP Proof of Concept 👀.
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1/ Hello World 👋. The time has come and CLG now has a human face and name—Zach Rynes. As the crypto industry and #Chainlink ecosystem have matured, it’s only natural for the CLG identity to also evolve. More of my thoughts in the blog and thread below:.
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Crypto is going to be used by your allies and by your enemies . That is called credible neutrality, a tool of freedom available to all. Points of censorship are points of control . Make peace with this, or this will be a confusing and tiring decade for you.
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@IOHK_Charles @mcuban This is quite a week and a needlessly aggressive pitch for Cardano. This infographic is the definition of fluff filled with exchange listings, abandoned PoCs, unlaunched projects, paid researchers. Explains nothing about what Cardano is or why one should use it, just promises.
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Welcome to everyone who has recently joined the ranks of the $LINK marine community 🙌. #Chainlink is probably the deepest rabbit hole that you’ve ever ventured into, not only in terms of the scope of what is being built but the rich community lore. I try to serve as an oracle,
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Chainlink has no competitors. Sure, there are protocols doing price feeds, or cross-chain, or automation, or functions, or whatever. But none of them are a fully-featured all-in-one platform offering in the same way Chainlink is . Google and Microsoft are competitors because they
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“DeFi” is a poor term, should have been called “on-chain finance”. Not every blockchain-based financial application is aiming for maximum trustlessness and decentralization . Many are a hybridization, where components of varying levels of trust-minimization are composed together.
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The president of El Salvador @nayibbukele is on Twitter spaces right talking about the Bitcoin bill that's about to pass. The government is going to create a Bitcoin wallet for merchants (opt-in, can use any wallet). Accepting Bitcoin is a mandate by law.
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1/ Some clarity on #Chainlink and @arbitrum . TL;DR At launch $ETH will be used at the protocol level for transaction fees and bond from validators, while $LINK will be used at the app level to pay for oracle services such as Price Feeds, verifiable randomness, & L2->L1 messages.
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@tedcruz Next up: All US based crypto companies, dev teams, and infrastructure firms move overseas and take their tax revenue with them 🤡.
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Grayscale Chainlink Trust $GLNK trading at a 200%+ premium over spot 🤔. $39 per share, with 0.93482160 $LINK per share
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The World Economic Forum (@WEF) officially released a whitepaper in collaboration with @Chainlink on how Oracles enable interoperability between blockchain and legacy systems. The 40 page whitepaper was co-authored by @SergeyNazarov and WEF research team.
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Is there a single in-production DeFi application (or any dApp) on Cardano I can use today?. If not, why in the world is $ADA valued 3x higher than the industry standard oracle solution $LINK that secures $10B+ for hundreds of DeFi applications across multiple chains? 🤔.
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If smart contracts become the dominant form of digital agreements. Which they will because they’re superior to paper promises in every way. Then society will become more trust-minimized. transparent, and economically free. Fuck the ponzi meta-games, this is why I’m in crypto.
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Trump’s @worldlibertyfi DeFi project just bought another $1M of $LINK in the past hour, bringing their total position to $2M (78,387 $LINK). 🔥🔥🔥
Trump's @worldlibertyfi DeFi project is buying up $LINK, accumulating $1M (41,335 LINK) so far over the past hour 👀. This follows from the recent announcement last month that World Liberty is adopting @Chainlink, starting with the integration of Price Feeds for its @aave V3
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.@Chainlink, Euroclear, Swift, and 6 financial institutions just announced the results of a new industry initiative that combines AI, oracles, and blockchains 🔥. The initiative successfully demonstrated how #Chainlink oracle networks can be combined with large language models
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Today at #Sibos, @SergeyNazarov announced that #Chainlink has officially entered the pre-production stage with Swift on connecting financial institutions to blockchain networks 🔥. Sergey also presented a demo application of the solution in action 👀
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Retail users truly getting fucked this year. First their coins dropped 90%, then all their $UST stablecoin holdings went to zero, and now they can’t withdraw anything from Celsius . Yeah I think it’s going to take a while to recover from this.
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In terms of fundamentals, Chainlink is a top three project. $BTC.$ETH.$LINK. The golden trio, always has been.
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$ETH is not gas, it is money used to pay for gas (units of computational effort), just like how $USD is used to pay for petrol. $ETH is also a DeFi store of value and eventually a capital asset that generates yield from PoS and increases in scarcity due to EIP-1559. Few.
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Chainlink 🤝 United States 🇺🇸. $LINK.
The stage is set 🇺🇸. What started as a niche movement is now turning into the next evolution of global markets. Chainlink is proud to support great crypto and DeFi organizations like @21shares_us, @Aptos, @arbitrum, @avax, @base, @BitGo, @BotanixLabs, @circle, @coinbase,
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Unpopular opinion: DeFi will not outright replace banks or traditional financial institutions. What we'll likely see is first fintechs and then banks adopt DeFi into their backend systems to provide their clients higher yield, more transparency, and superior financial products.
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$LINK.$ETH.$AAVE.$SNX.$YFI.$BTC. It's really that simple.
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LayerZero benefited massively from airdrop farmers for years, but now when it comes time to drop the token… farming is suddenly now a problem?. Airdrop farmers definitively provide value to protocols. They help (1) stress test infra so issues can be resolved sooner rather than.
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A mega-trend is on the horizon for crypto. Tokenized real-world assets (RWAs) are now being issued on public blockchains by a growing number of Web3 projects and instituions alike. How and why?. This blog is my thesis on RWAs 🧵.
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@SBF_FTX @andrewrsorkin @dealbook Is that when you’re going to explain why FTX engaged in fraud and broke its own terms of service by lending out customers funds to your hedge firm without their knowledge or consent?. Or will it generally just be some more gaslighting sidestepping the $10B elephant in the room.
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Even during the worst of blockchain network congestion yesterday ($7k+ tx fees at 8,000 gwei gas prices). Chainlink nodes continue to publish oracle updates on-chain. And nobody bats an eye because this level of reliability is expected.
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@SEC_Investor_Ed The US government told me it was a good idea to invest in bonds and cash convertibles, are you suggesting I shouldn't trust them, they're pretty famous.
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Double digit $LINK . First time since the collapse of TerraUSD in May 2022 and ensuing contagion . 🔥
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Holy good god is the #Chainlink 2.0 whitepaper overflowing with alpha. Hybrid Smart Contracts.Decentralized Metalayer.Super-Linear Staking.Fair Sequencing Services.Authenticated Data Origination.Zero Knowledge Proofs .Transaction Execution Framework.Implicit-Incentive Framework.
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$LINK hit ATH during Bankless recording, now that's pretty based.
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