David Lee
@davidjhlee
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co-founder, @levelusd | prev: @flexport @Columbia
Joined September 2014
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Thrilled to finally announce this!
1/ Announcing $3.6M raised to launch Level, the first stablecoin protocol powered by restaked dollar tokens
Our Deposits Program is also live - deposit USDT on Level’s website to start earning Level XP and secure a spot on the waitlist to mint lvlUSD in the coming weeks
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@negroprogrammer
@transmissions11
omm, P(1) is no cap, i.e., P(n) is no cap for n = 1.
P(n+1) is no cap whenever P(n) is no cap, i.e., P(n) is no cap implies that P(n+1) is no cap.
fr fr P(n) is no cap for all natural numbers n on god
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Excited to share what
@KedianSun
and I have been working on for the last few months.
If your app/protocol’s users deposit or hold stablecoins, my DMs are open!
Today we introduce USDLR, a fiat-backed stablecoin by Stable
Stable is the first fiat-backed stablecoin issuer that pays affiliates who drive users to deposit/hold USDLR in their protocols/apps
For a limited time, Stable will pay affiliates 10% on their user’s USDLR deposits
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global QE (US, China) + stablecoins crossing the chasm into non speculative use cases (h/t
@nic__carter
)
buckle up: the dams are breaking as we speak
Stablecoins are the "M2" of crypto – liquidity waiting to flood the market.
They can be seen as an indicator of buying power ready to be deployed into digital assets.
With just $1.76B left to surpass the $162.95B all-time high, the next wave of liquidity inflows (6-12 months)
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pain
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thrilled to announce what we've been working on for the past few months 🚀
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Thanks for the mention,
@arpaofficial
,
@Cointelegraph
!
We (
@levelusd
) can’t wait to start unlocking stablecoins to be used alongside native tokens to offer a base layer of economic security
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had a nightmare where the devil whispered into my ear:
"it's not too late to pivot into enterprise saas"
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@VittoStack
become an expert with the tools you use. most devs don't take the time to properly learn how to use IDE/debugger/REPL/browser dev tools.
spending every week becoming 1% better at using the tools you use 8+ hours a day will compound quick
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there's now a 72% chance that the US economy enters deez nuts by q1 2024
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order everything on the menu and take one bite of each gf
vacuum cleaner stomach bf
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"Well sir, if those Taylor Swift tickets decrease in value by just 25% and remain on our books, that loss would be greater than the current market capitalization of this entire company"
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loved the concise framing here from
@KimJacob
at
@levelusd
, we're working on increasing the "steady staked balance" of restaked stablecoins like USDT/C so that AVSs can maintain economic security without ETH price exposure
We've been at Korea Blockchain Week chatting restaking
@KimJacob
spoke at A41's Epoch conference, where he explored restaked collateral as restaking platforms enable support for ERC-20s:
• Reduced price volatility should ensure crypto-economic security
• Maintain steady stake
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til about the ability to create gnosis safe contracts with the same address across chains and be able to claim funds sent to the wrong chain retroactively, confirming my belief that
@gnosisSafe
devs are just built different
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in web2 games, ARPU is important because the buyer is always the player
in web3 games, buyer is not always the player (see: Axie). both are important to games, but the focus doesn't always have to be on getting players to spend
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> CI failing
> delete all the unit tests
> CI passes
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AAA crypto games without any on-chain actions than being able to buy/sell assets are skeuomorphic
would much rather see web3 games do something that web2 games can't rather than see them play catch up with existing titles
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@hasufl
Sent you a DM- we’re building , which automatically updates your listings when floor price changes!
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@jrdngonen
@RobinhoodApp
@nickabouzeid
Theory: 3% interest + no fees = CAC.
@RobinhoodApp
is using this as a distribution channel for trading
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@steventey
@nextjs
@tailwindcss
@upstash
@tinybirdco
@tremorlabs
@PlanetScale
@resendlabs
@stripe
@boxyhq
@vercel
@prisma
for ORM hands down no contest
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every new function is an attack vector
every new role is a potential vulnerability
every unchecked input is a vulnerability
- web2 things that are just as important (if not more so) in web3
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babe wake up a new paradigm banger just dropped
When NFT projects have a fungible token, the communities holding the NFT and the token often diverge over time.
@FrankieIsLost
,
@transmissions11
and I built a mechanism for
@artgobblers
to disincentivize this divergence and fix it when it happens anyway.
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Imagine also Github Bots for (🧵):
1) Documentation generation (ie generate documentation for net-new code):
What GPT-3 Satoshi could not predict 2 years ago, is that computer-assisted code review will massively reduce the time spent in PRs, freeing up time to come up with better designs and focus on product, instead of tedious (but very important) processes.
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yoooo the homestead acts was actually the most lit airdrop of all time fr fr
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@charliejliao
No cap, a Waterloo venture fund that helps portco founder’s get visas would pop off
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@bbacodes
@VittoStack
more the latter, but i find that the former usually leads to discovery of the latter 🙃
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2 things will generally be true of the future:
1. ai-generated content will exponentially outpace human-generated content
2. it will quickly become very hard to distinguish between the two
the implications this has on security (from personal to national) is unprecedented
I’d suggest a mode where every
#chatGPT
query+response+timestamp is signed by some
@OpenAI
private key. Not sure what to believe as genuine any more.
That would help on analyzing/comparing engine’s evolution w transparency + defend against fakes.
#MachineLearning
#cryptography
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playing around with foundry, love not having to context switch between solidity + JS 🥳
@transmissions11
@gakonst
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👀
At Level, we believe the two largest use cases of cryptocurrencies are:
1. The permissionless access to US dollars.
2. Providing economic security for decentralized networks.
With their announcement today,
@eigenlayer
joins
@symbioticfi
and
@Karak_Network
in enabling
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One thing that I noticed myself doing after starting
@flexport
is the tendency to entertain analogies between a supply chain and the Internet. What has the internet done to sending data packets around that could be applied to containers? Are the analogies even valid?
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If
@nikitakoshi
has a million fans, I am one of them. If
@nikitakoshi
has 5 fans, I am one of them. If
@nikitakoshi
has one fan, that one is me. If
@nikitakoshi
has no fans, I am no longer alive. If the world is against
@nikitakoshi
, I am against the world.
Love these partnership templates I made for Level – each one is so unique
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sus times make bussin men
bussin men make bussin times
bussin times make sus men
sus men make sus times
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goerli has become unusable, anyone know if there's a way that i could set up a managed testnet instance?
ideally spins up blockchain + RPC URL + faucet that distributes ETH, common ERC-20, and a few ERC-721 collections with the click of a button
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@typesfast
@Docker
working on the backend infra team of a logistics tech company was a massive lesson on contextual awareness
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when you see a rich man north of richmond
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@jayendra_jog
@NTmoney
+1; that being said, SC wallets can enable/unlock superior UX for the apps that will bring in the next wave of users (ie gaming session keys, NFT rentals w/o wrapping, etc)
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In honor of his 6th birthday, I made an NFT collection for my dog, Miso.
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corresponds to a ~50 bps hike on interchange fees. this should strengthen the case for stablecoin payments
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great piece from our friends
@Kairos_Res
stablecoins will play a crucial role in reducing volatility on any shared security ecosystem
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is it useful for your code to read like english? or is it poor aesthetics?
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@0xfoobar
built on top of a 24/7 payment rail requiring no intermediaries to process payments?
sign me up fam
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if you or anyone you know is an engineer and have been affected by the
@opensea
layoffs, my DMs are open!
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first mover advantage is just that: an advantage
it doesn't mean you're going to win. the best team + product + distribution wins.
I've increasingly come to believe crypto doesn't really have a first mover advantage.
To wit:
Uniswap was not the first AMM (Bancor)
Coinbase/Binance were not the first exchanges (Mt. Gox, Bitstamp)
Tether was not the first stablecoin (bitUSD)
Solana was not the first high
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Third time this year please make it stop
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trying out
@dynamic_xyz
for the first time- incredible product from an incredible team, excited to see what they build 🚀
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stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin stablecoin
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Todays FOMC decision added over $50m to
@circle
’s annualized revenue
Let that sink in for a sec
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These same web2 businesses will probably grok stablecoin security better than native crypto assets
Bullish
I’m making a wild
@eigenlayer
prediction.
The AVSs from the first 3 years will be very crypto native. But the ones after that will be web2 businesses that realise that it makes business sense to port to the verifiable cloud.
They will pay out yield in USDC.
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big 2016-era chatbot hype energy, though I think this time the tech might actually deliver
i don't see why literally everything shouldn't have a chat interface. you should be able to talk to the textbook and have it explain itself to you. you should be able to talk to the github repo and ask it about its api. you should be able to talk to united airlines corporation
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why does this dog look super judgmental with whatever’s on this girls phone??
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@AndrewSteinwold
all dist. in web3 is frictionful because of the blockchain itself
i imagine most people would have dropped off if you had to KYC + pay gas before trying instagram for the 1st time
hoping account abstraction (EIP-4337) solves this, esp for games (ie apps paying for user's gas)
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looking for stablecoin yields that are:
trust-minimized
6’ 5”
additive
blue eyes
contribute to crypto economic security
@levelusd
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What if we thought about companies/organizations as distributed systems? People (nodes) talking to other people (nodes) over an unreliable network (miscommunication, lack of clarity, shifting business needs, etc).
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@0xFables
@charliejliao
@JasonSCui
@Azuki
@2pmflow
if a part of the reason that people buy a ferrari is because the smallest details (that might not even be visible!) matter, digital lux needs to follow
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imagine paying less to acquire two acres of land than some of you paid in gas for your jpeg monkeys 😭
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also normalize "proof by cap" instead of "proof by contradiction"
normalize saying “on god” at the end of a proof instead of Q.E.D.
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