Micah Kendall
@MicahAlexKenda1
Followers
2,056
Following
671
Media
99
Statuses
2,193
Founder @ButaneProtocol . Opinions are my own. 🇦🇺
Joined February 2021
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Olympics
• 1752010 Tweets
オリンピック
• 456732 Tweets
Celine Dion
• 381832 Tweets
Christian
• 231122 Tweets
フランス
• 215374 Tweets
Gojira
• 175203 Tweets
Last Supper
• 167069 Tweets
パリ五輪の開会式
• 58763 Tweets
#Luca3D
• 36017 Tweets
隅田川花火大会
• 30999 Tweets
世界遺産
• 22943 Tweets
DDAY YOU BETTA CATCH UP
• 21496 Tweets
#キントレ
• 21491 Tweets
अब्दुल कलाम
• 20065 Tweets
佐渡金山
• 17723 Tweets
Pumas
• 15509 Tweets
पूर्व राष्ट्रपति
• 14991 Tweets
भारत रत्न
• 14366 Tweets
D-DAY JULIExSTELL
• 13391 Tweets
リーリヤ
• 12939 Tweets
佐渡島の金山
• 11054 Tweets
#APJAbdulKalam
• 10138 Tweets
登録決定
• 10119 Tweets
Motherfucking Cardano finally gets a goddamned fiat-backed stablecoin USDM after incredibly fucking huge delays
21
20
358
You all realise Charles is probably going to fucking eat NIKE
72
18
289
This cycle,
@zkFold
@ENCOINS1
are going to be some of the most impactful tech, alongside an upgraded HYDRA?!*.
The key is deterministic ZK rollups, a massive advantage over our competitors in Solana, Ethereum, ...
I hear too we can reuse
@MidnightNtwrk
recursive proofs!
9
46
201
Proud to announce that I have created and will be maintaining a repository for tracking the decentralization, particularly from the open source angle, of cardano defi protocols.
@MicahAlexKenda1
"Proud to announce that I have created and will be maintaining a repository for tracking the decentralization, particularly from the open source angle, of cardano defi protocols." Shit like that add some flare to it
5
2
60
20
32
152
Some open source
🫡
10
25
155
Ecosystem census: what projects on Cardano have listed on MEXC and how many are considering it?
I know it was one of
@snekcoinada
’s hops and
@Indigo_protocol
is considering it. If MEXC is one of the accepting CEXs for Cardano listings, should we work together as a community
32
25
151
We made our oracle solution source-available so it can be commented on & criticised by the community.
I hope to find contributors for it in the upcoming Intersect Oracle’s WG:
My thanks go out to Sundae Labs for developing this for us!
8
35
155
Question for the haters (
@0xNLYFANS
, etc): do any chains accomplish security better than Cardano?
15
12
136
Butane Mainnet will bring core features such as:
- CDP creation / management (all the bells and whistles here, multicollateral, partial liquidations, atomicity, etc.)
- Some bare bones offchain governance
- Moderate intent system for treasury management
- Oracle MVP as an n-of-m
9
40
138
Based off these stats
@butaneprotocol
is around 25x faster
Indigo V2, built with
@aiken_eng
, brings new levels of efficiency to the protocol. With halved computational steps for CDPs and minimal memory usage, V2 delivers a smoother, faster, and more scalable system for Cardano. 🔥🔮
7
53
239
21
19
135
EVM is the sequential model of computing. You shouldn’t be making more and more sequential patterns on cardano, it’s an anti pattern. Liquidity should be sharded and open and p2p. If you aren’t designing protocols with this ethos you’re doomed.
2
24
117
Today we at Butane we were petitioned for transparency on oracles by a community member DamonZ. In light of this I would like to take a moment of your time as members of the public community to discuss this topic. (1/n)
11
19
130
Need an anti-
@cardano_whale
that calls out projects but not like the bison or the monad, call out mid tier protocols for not opensourcing or for having back door keys in their governance modules.
24
13
122
Cardano dev community really rallying around helping the next DDOS be better
7
5
122
Someone needs to address ADA not being used as a payment solution.
Fricken LTC gets accepted everywhere but not ADA!
22
6
116
I would like to publicly apologise to
@cardano_whale
& additionally to
@monad_alexander
for the brutishness of this tweet series. It wasn’t considerate of me to them as people, they are good for the ecosystem and I don’t think my tone and attitude of expression worked out
Need an anti-
@cardano_whale
that calls out projects but not like the bison or the monad, call out mid tier protocols for not opensourcing or for having back door keys in their governance modules.
24
13
122
7
3
116
Having USDM is good for collateralisation strategies because we can pair it with ADA,CNTs as collateral for USDB, then when USDB is used as the major collateral across other synth types it ends up a highly reliable option. Eg USDM+ADA as collateral is better than just ADA because
8
23
114
Over the claiming period for BTN
@onewisemelon
has absolutely gained my respect for his help and coordination!
10
13
110
Testing using some tSNEK
@snekcoinada
to collateralise a SOL-inverse synthetic among others on
@butaneprotocol
. Coming to a public preview testnet shortly
Be ready 🐍
17
33
108
BTN Sale:
- we took less than 20% of the Ada supplied
BTN Tokenomics
- team has less than 20% total
Damn
13
13
107
Example of how DEX integrations possible in butane can help: if USDB is upwards depegged, you can use ADA to mint USDB, arbitrage that upwards depeg, place a sell order of USDB->ADA at the same time place a buy order of USDM->ADA, all in 1 tx. Then in the next tx, after your USDM
Having USDM is good for collateralisation strategies because we can pair it with ADA,CNTs as collateral for USDB, then when USDB is used as the major collateral across other synth types it ends up a highly reliable option. Eg USDM+ADA as collateral is better than just ADA because
8
23
114
9
31
106
I would like to invite community and teams from
@MinswapDEX
@LenfiOfficial
@Indigo_protocol
@SundaeSwap
@liqwidfinance
@snekcoinada
@the_ape_society
@MuesliSwapTeam
@ENCOINS1
@jpgstoreNFT
@VyFiOfficial
@OptionFlowTeam
@orcfax
@OptimFi
to discuss collateral options.
8
15
102
The auditing team at
@txpipe_tools
are super thorough and technically competent, I have massive respect for them and their process.
3
11
103
Hate to say I told you so
Charli3 as a platform is incredibly centralised and because of how their team members misguide and outright lie in public channels, they cannot be trusted. If your protocol uses Charli3 feeds, in my humble opinion that is a critical security vulnerability that you need to resolve
15
9
96
16
4
99
It is crazy how quickly people close communication and block you simply for expressing criticsm. If you think criticism will break this community then you believe in it less than I do.
14
3
99
First have to address that any user funds are going to be safe.
Our response these coming days:
- not move LP without checking external platforms
- help make sure new DEXs are in pricing systems in advance
- commit to open source the oracle we’re building through sundae labs
15
8
99
Told my girlfriend we’re finally getting a bed frame today. Quite proud
9
1
95
Charli3 as a platform is incredibly centralised and because of how their team members misguide and outright lie in public channels, they cannot be trusted. If your protocol uses Charli3 feeds, in my humble opinion that is a critical security vulnerability that you need to resolve
15
9
96
Alex reached out to me & asked if I wanted to be on stream with Ben (after the Cardano video).
It was a good opportunity to connect us to new people, advocate for the ecosystem.
We streamed together and talked about DeFi, institutional entities, onboarding users, scalability
I think actually if you watch the video, some good points are raised. I think
@IOHK_Charles
should come on the channel for an interview & we can debate.
I just had
@ShillMoBaggins
&
@MicahAlexKenda1
on my members only livestream going over Cardano DeFi & showing the ecosystem.
196
21
294
13
5
94
Butane’s token minting policy is fixed-supply and that fact can be audited here:
1
16
92
The $BTN launch will be staying fair and sticking to the 24 hours
10
7
90
@cardano_whale
Bridging CNT to other chains for liquidity ✅ Using Cardano money to build elsewhere and feeding into their dev ecosystem ❌
6
7
90
On ethereum you can construct a script with a pseudorandom receipt depending on the state of the network. The function for example might have a 50% chance of failure and a 50% chance of success.
On cardano when you execute a script, you run it with the full relevant context
15
12
87
Cardano has become allergic to self-criticism, allegedly a recent phenomena (past 2 years or so).
It would be lovely to see this change especially coming from such a respected and influential figure in the space!
I am getting so tired of reading posts without much substance about why Cardano is bad, that I am tempted to just write one. The good, the bad and the ugly.
Maybe some fair criticism from the inside could help set the story straight. Though I am afraid of the FUD potential...
99
29
450
9
7
85
There’s a rhetoric always of IOG/CF not doing enough that is succinctly highlighted with what I observe around Aiken. They do a good job and Aiken IS FUNDED BY CF but still everyone wants to meme and tell CF,IOHK,Charles to do a better job. 🤨
6
6
80
Cool so now every major Cardano DEX is going to be opensource soon. That’s such a positive change for the ecosystem. I need to go update my index!
Minswap V2 Smart Contracts are ✅ Complete , Double Audited🔒 & 🔥 Open Source for everyone 🥳
✦ We're launching a 99K $ADA Bug Bounty program before deployment.🐞🔎
Check out all the details or read the 🧵below 👇
➜
19
111
410
3
2
79
Community starts with 1 person. And now we’re at 4. Join the contributors list.
10
22
78
You have zero knowledge about what is coming in 2024.
10
3
74
@ADAjosephineADA
@InputOutputHK
Cardano began with and has grown through research. Before any technology we integrate is developed, it is specified. And before it is specified, it is researched. That research is peer-reviewed - a unique achievement for a blockchain platform - so that our ideas may be challenged
4
2
74
Minswap has taken on a strong commitment to security. I anticipate when Cardano attracts attention from North Korean blackhat exploiters, we will all give them more of a break for this.
1/ Minswap V2 is taking too long
As described in the tweet below, Minswap Labs has not only been working on V2 since it was announced at Cardano Summit 2023.
We built from scratch, audited and open-sourced the Plutus V2 Stableswap. We did a plethora of iterative improvements
2
4
75
5
4
73
If you’re paying attention to solana news, wait until
@butaneprotocol
is out and you can access inverse solana with your Ada.
9
8
69
Real DeFi is opensource, don’t let anyone fool you otherwise
The Minswap Stableswap code is now complete, audited, and open source! 🔥
Next, we're launching a Bug Bounty program before deployment.🐞🔎
Check out all the details in this article or the TLDR below👇
21
101
401
2
6
70
Uhhhhhhahhah built with
@aiken_eng
Interoperability is 👑
We have a Sweet 🍨 demo for you
13
54
192
4
9
67
Simple mechanic for funds recovery with CIP-69: if a UTxO has no datum, post the previous transaction in the redeemer of a new spending transaction, verify the tx hash is that UTxO’s hash, verify that the owner of the collateral input(s) is a signee.
4
6
65
A large part of the innovation about to happen on Cardano isn’t directly because of
@aiken_eng
and others, but I think when you save that much brain space with good DevEx, you end up having more capacity for features.
5
5
62
I think CF is really in the position to surprise a lot of people with larger & smarter engineering muscle. Can’t wait to see what comes next.
3
6
61
I want to be bullish on
@IagonOfficial
but first I have to be doubtful:
How censorship resilient is it?
How can we extend it to run server-side logic? Could it actually fully host a dApp (not just the website)
Any backdoors?
How is it compliant (EU based) and yet decentralised?
9
4
59
I think one of the things which is going to make
@butaneprotocol
one of the easiest platforms to build on is that you don’t need any interactions with other entities or pooled providers. You can immediately create any synthetic asset using ADA or CNTs.
4
6
61
On oracle teams, the
@orcfax
team has always been courteous and respectful when I have interacted with them. They have a tool they want people to use and they speak with you honestly and plainly. I am thankful for that approach from them. (3/n)
2
4
60
Blockchain is the perfect platform for interoperability so product integrations need to be key.
@DexHunterIO
shines at this atm. We’re about to reveal our first demo integration to
@butaneprotocol
today
6
7
60
To every Cardano DeFi protocol out there: either your building something todo with L2s or your gonna be a sucker in 2024
LEVIATHAN L2
-Turning Liveness Into Finality -
Time to Scale Cardano, securely ⛓️
Check out Whitepaper V1
🔗
35
176
536
6
5
59
Is there a single protocol doing voting onchain on cardano without backdoors?
12
10
48
Are you happy now
@nmkr_io
Butane is the 🔥 to ignite Cardano DeFi.
Upcoming announcements: (1/9)
17
71
240
5
4
60
Thomas’s explanation of pairings across curves was the first time it clicked for me, all in all an excellent presentation
Thomas introducing everyone to zero knowledge crypto.
1
5
52
3
2
59
Cardano-opensource-index was just updated to credit Sundae for their V3 opensource release, Minswap for their V2 & stableswap, and begin wallet was moved into the correct category.
Thanks
@Cerkoryn
for the BEGIN contribution
4
5
57
Strictly speaking no one is operating oracle networks on Cardano currently
7
5
57
More details: while building
@butaneprotocol
our bottlenecks ended up actually being lucid itself. We can build transactions with massive amounts of inputs but due to memory leaks and performance problems with lucid it would take exponential time.
4
10
56
Ok so the closed source approach failed. This team can’t be trusted to audit their own software & infrastructure. Now what is left to try?
Full Incident Report available below. Transparency is a high priority. The team has been working non stop to bring a detailed, open, and accurate report.
21
36
187
12
2
58
If you want to play with blaze and help us catch bugs, we have the
#blaze
channel in the
@txpipe_tools
discord
5
11
57
This is a prototype, soon-to-be CIP, built with Blaze, which externalises collateral provision.
This has UX advantages and also may aid privacy-preserving applications (eg encoins).
One way it may help UX is closing CDPs even with insufficient balance for collateral/fees.
3
6
57
We have tricks to share for
@butaneprotocol
if you write in
@aiken_eng
. Leading up to our opensource release well be distilling down techniques to share for the community to apply in their own projects. I’m excited to bring fast finance to Cardano along with you all
5
6
57
Today we fixed our largest blocker with
@butaneprotocol
but unfortunately expect to be spending a few days more polishing.
Enjoy the new year.
4
10
57
2 days ago mentioned programmable staking finally coming with Plutus V3. Another feature possible is programmable withdrawals (on a per-account basis)
This will enable yield and allows low-cost governance proposals as so:
- Deposit 100,000 ADA, set your usage fee to 100 ADA
-
5
2
56
There’s some tribalism around wallet support for some reason (??? why do you people pick the weirdest thing to be loyal about.)
ATM we’re ready to support every wallet in the ecosystem, we want as many users as possible. We’re currently waiting on a few to push out bug fixes.
7
5
50
This is my cat Possum. We took him from a dumpster last year and now he is chubby and happy.
6
1
52
@ElRaulito_cnft
Brother is about to announce fluidtokens is the new custodian for BlackRocks bitcoin
0
1
52
First of all, I have petitioned
@IntersectMBO
for the creation of an oracles WG where we can solve these problems as a community of developers and others. I think this would demonstrate the potential of Intersect, which for me I have always been cautious of. (2/n)
1
4
52
Tell us once you’ve read it
@rvcas
@MicroProofs
@Quantumplation
@phil_uplc
@_KtorZ_
@zygomeb
@waalge
@ILikeCardano
@oskkkin
@TheAvatarNick
@MicheleHarmonic
@mandriuska
@matiwinnetou
@CardanoSaint
@atlanter
@SebastienGllmt
@codyjbutz
@ElRaulito_cnft
@adamKDean
@IOHK_Charles
Yellow Paper📜
The impactful work of our development team is explored in this new technical release. We cover core features and implementation details of our protocol. The document is non-total, but discusses many core aspects in intense, clarifying detail.
Cardano EUTxO Butane
20
61
197
7
5
50
bullish on the cardano community coming to its senses, and making smart contract source availability the gold standard
4
7
50
I’m super bullish on potential L2 tech coming to cardano so I’m writing some content about it. If there’s anything you know pls mention it to me.
4
4
51
If we get CIP-0112?
@phil_uplc
and we also get
@Quantumplation
’s suggestion to merge the idea into CIP-0038 (
@SebastienGllmt
), then I think we’ll finally get optional script spends at ledger level which opens up worlds of composability
4
10
51
Stability pools are pretty much an AMM DEX you can only buy synthetics from, or you can deposit synthetics as liquidity. There is no selling into the pool.
Which DEX is building this?
2
7
42
If your writing governance scripts in aiken, contact me please so we can reduce duplicate code. I’m happy to share work and ideas about how we can build token voting systems!
4
12
48
> Gets paid for promoting indigo protocol
> Immediately fuds
30 mfing pieces of silver.
6
5
48
There are people and teams coming to the crypto community on Cardano, saying they love decentralisation and building on top of opensource software, who raise money from the public, only to make their main protocol closed-source.
These are bloodsucking vampires.
7
4
47
What
@yamfore
is working on is meant to be resistant to these events. No liquidations, fundamentally long on ada.
2
10
43
I’m harsh on the projects on this list that don’t OS because it actively hurts the composability and innovation possible in the Cardano space. When a project dominates a category and doesn’t OS, they prevent liquidity being accessed by novel innovations.
Community starts with 1 person. And now we’re at 4. Join the contributors list.
10
22
78
4
7
45