edgar ⛰️
@edgarpavlovsky
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Following
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litmus tester. founder, athlete. work highlights: infra @paladin_solana, climbing @mtndao
New York, USA
Joined March 2011
I resigned from mrgn today. From working on marginfi, from the research arm, from it all. It's a world class team -- it really is -- but I don't agree with the way things have been done internally or externally. I've said it many times and I'll say it again, but those of us who.
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A week ago, @IGGYAZALEA wasn't in crypto. Since then:. • Launched a memecoin -- by herself (& her brother). • Firehosed information about how to authentically integrate with the broader crypto ecosystem. • Spent 10 (plus?) hours engaging LIVE with her community through crypto.
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We rebuilt the @marginfi UI from scratch. It's beautiful. It's on web. It's an xNFT. It's mobile-friendly. And soon, it will be available on Saga. ◼️.
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It's been about 3 weeks since @IGGYAZALEA dove into crypto. In the last two weeks:. • $MOTHER sustaining above $150M FDV, peaking at almost $350M. • Brought on Fenwick -- a top crypto law firm -- to help with scaling $MOTHER the right way: • Got into.
A week ago, @IGGYAZALEA wasn't in crypto. Since then:. • Launched a memecoin -- by herself (& her brother). • Firehosed information about how to authentically integrate with the broader crypto ecosystem. • Spent 10 (plus?) hours engaging LIVE with her community through crypto.
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Christmas Day, 2023: @marginfi crosses $500 million in supply. I have only one thing to say:. Job's is nowhere close to finished. Next stop: $1B. ◼️
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Points were the start, not the conclusion. We're testing thoroughly to make sure that users who stick with @marginfi are rewarded exponentially more. Enjoy the holidays. Be ready in the new year. ◼️.
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Christmas Eve, 2023: @marginfi breaks $100M in borrows and is close to $500M supplied. who are you onboarding this holiday?
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when people ask for my thoughts on how to achieve their goals, the answer is overwhelmingly:. work harder. 10x, 25x harder. most people enormously underestimate the amount of work it takes to succeed meaningfully. generally, you can't benchmark on the people you're around. if.
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There was a 30% drawdown from @marginfi over the last 24 hours - that's >$250M. Deposits are coming back in, but you know what's even more important?. Bad debt: $487 (0.02% of rough yearly revenue, very good). This is what a resilient, decentralized protocol looks like. This is.
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I just wrote a solana smart contract from scratch with Claude in 15 minutes. It broke out my code intuitively into a directory of files and gave me a README to boot. Holy shit.
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Alright, so @marginfi is 1/3 of the way to $1B in deposits. What's on my mind?. A few thoughts on the growth of the protocol and where I think things go from here:. The growth flywheels are spinning. In the immediate term, we focus on stability. Every marginfi growth metric.
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i would say the @marginfi team is all hands on deck this morning, but the core team has been running 24/7 for a very long time. this feels normal, we have more capacity. it's time to take some of our imminent announcements to the finish line. ◼️.
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I've said it before, and I'll say it many more times:. If you are tired of the @marginfi points program or don't like the way it's architected, there's a beautiful thing that self-custody technology allows you to do:. Pull your money out!.
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excuse me. @Backpack has a 100% seamless bridging experience between Solana and Ethereum and no one is talking about this?. i discovered this accidentally and it's the easiest bridging experience i've literally ever had
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Woke up to me & my team being attacked for. not supporting racism?. Wasn't on my 2024 bingo card. We're going to go ahead and. keep on not supporting racism. Not sure what y'all are trying to achieve here.
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9 out of 10 VCs told @tensor_hq to switch chains. Impressive fortitude to stay the course.
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$JTO's stabilization around $3 -- and the shape of their overall growth post-launch -- is not just an incredible price point, but a leading indicator of a much healthier launch trajectory than the high pump / high dump token launches we saw in Solana 1.0. The indicators that we
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holy shit. good morning. an app (solana app, mind you) at the top of the 24h revenue chart that includes base layers. this is the real flippening
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Not a hype tweet, just a candid recent view:. We need token-first startup strategies. 1) Launch token as early as possible, with what ideally will be the lowest token valuation in its lifetime. 2) Build in public and grow with your community, allowing them to see their.
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@uzumakicrypto69 @edgarpavlovsky @wormholecrypto @tensor_hq @edgarpavlovsky should we do something together?.
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Let me be explicitly clear that I wholeheartedly support @weremeow and the way @JupiterExchange is going about its airdrop. Lasting, impactful things are enormous undertakings - & don't forget, crypto *still* moves faster than before. Don't like it? Join us and build it faster.
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Now that my hands are freer, I want to spend more time solving @solana core problems. I've gotten plenty of inbound interest to work on other base layers (appreciate the kind words y'all 🖤) but I love the solana future. Which core issue should I tackle?.
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Some L7D @marginfi usage metrics:. · 115k MAWs app side.· 50k DAWs app side.· 10.2k DAWs contract side. 250 people are on the marginfi app on a given second. The marginfi app sees 3 new views per second. We need to go much further. ◼️.
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• @0xMert_ is going global through community notes. • @blknoiz06's tweets are crossing 1k likes. • @aeyakovenko had to limit replies to his tweets. • @JupiterExchange hasn't even launched token yet. 🚀.
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we absolutely love the jito team and i'm personally extraordinarily supportive of the team and the $JTO token's health long-term, but @marginfi risk engines require an understanding of a token's:. · market depth.· price volatility. in order to support it as meaningful collateral.
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just paid my uber with $USDC in amsterdam. you gotta love that instant @solana transaction speed.
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Who is doing the most robust airdrop mechanism effectiveness research you've seen?. Drop links below.
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if @IGGYAZALEA makes you mad, you're just bitter that you don't have her distribution at this point. with @dYdX, $MOTHER is seeing cross-chain integration into long-standing DeFi primitives. safe to say it's not going anywhere.
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Imagine @marginfi doing anything quietly. what do you think the growth team gets paid for.
If you're expecting anything huge from marginfi trust me it's not gonna happen. Their airdrop is highly highly diluted and this is exactly why they don't want to do an airdrop yet. They wouldn't want to airdrop dust in the middle of their hype, also they still want to keep.
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Liquidations on @marginfi have been super profitable lately, but they're entirely inaccessible for the average person. There's an opportunity to build a passive yield solution here -- who's interested to dig in?
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It’s been a while since I’ve checked in on @IGGYAZALEA. 178 days, in fact. It’s the weekend, so why not check in?. Here’s the #1 thing on my mind after catching up:. No one is paying enough attention to Iggy’s focus on building a real community experience. Iggy is a professional.
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Half of 1 billion dollars supplied to @marginfi . Much, much further & many more chapters to go.
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@gregisenberg to be fair, chatgpt and autogpt serve different use cases. you don't ALWAYS want an agent that operates without you. but you DO probably always want an agent that *could* start operating without you if you told it to. there will be products that become both.
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Yesterday the core marginfi frontend saw 110k unique visitors. Almost 1M page views total
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y'all out here watching price go up. i'm out here watching empires get built. think bigger.
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An array of @marginfi alpha:. Very cool to see liquidity continue to point towards bullish sentiment. • Deposits still largely in LSTs.• Borrows are still biased towards stables. We've been tracking liquidations closely, which have been very profitable these last few weeks (if.
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across products, @marginfi is a little over $100M away from $1B. my entire focus is on its next chapters.
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PSA: @marginfi makes no assumptions around asset pegs, so the $mSOL depeg means operations continue to run as normal. It's worthwhile noting asset pegs are both an important opportunity and risk vector in decentralized finance:. 1) Opportunity: Correlated assets can enhance.
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going through @mtndao applications, seeing builders from:. · @TipLinkOfficial .· @coinbase .· @marginfi .· @jito_labs .· @cupcakeprotocol .· @FlashTrade_ .· @elmnts_ .· @SolanaFndn .· @ionprotocol .· @DeFiCarrot .· @orca_so .· @StepFinance_ .· @SolanaCollectiv .· @MonkeDAO .·.
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It's actually incredibly bullish for @solana that base is even thinking about solana's users. When base launched, its strongest argument for success was the existing coinbase userbase -- users are a very real moat, and in crypto CEX users are very brand loyal. It'd be hard for.
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Almost a year ago, I made a bet that every major team on Solana was going to launch an LST. There's a global staking pool contract on Solana, which allows new LSTs to launch with a lot less work than LSTs on other chains. LSTs would be largely identical, but they would serve as.
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evolve or die 🤔.
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moved to brooklyn and set up all my furniture in 10 minutes 🙏
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there's an interesting user archetype in crypto that assumes builders are scammers & are trying to get rich quick, that is *okay* with that, and that feels like they have a way to get their own chunk of change in that context. then they get upset when someone isn't trying to ship.
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A hot, optimistic take:. There is so much more capital in @solana now than there was a year ago that no matter how much rotates out post-incentives, we're looking at significant ecosystem growth. This is extremely bullish.
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There are actually two questions you need to answer for yourself, and they're more different than they seem:. • Do you want a token? Doesn't matter what it is, you bet against the house & roll dice in a losing game . • Do you want to get rich? Accrue asymmetric information,.
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The foundation built underneath the @marginfi powerhouse can do a lot more than meets the eye. marginfi will grow into a deeply sophisticated, autonomous capital platform that evolves how you think about building your wealth. It's time to break new ground.
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If you're a founder looking to raise please feel free to reach out to me and I will make appropriate VC intros for you for a total of $0 in compensation.
I've now heard of multiple cases where people intro you to other VCs on the condition you pay them (sometimes with equity???) after you raise. This is an absolute scam and insanely shady behavior . Never do this.
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The beginning of something enormous. We're strong believers in the approach @Backpack is taking towards solving extremely difficult problems in crypto, and their team's focus and velocity is unmatched. 🎒◼️.
1/ Users that use marginfi with @Backpack wallet are now eligible for additional rewards!. Details below 👇
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This week we saw the first community airdrop to @marginfi point holders. What's better than one airdrop?. Many, many airdrops. Introducing Hampter - a developer platform for **any** team to reward marginfi points holders. Viva to the people ◼️.
A New Chapter:. This week we saw the first team reward loyal marginfi points earners with an airdrop. It's just getting started. Devs: Here's how to get your airdrop in the hands of the best userbase in crypto: the mrgn mamas 👇
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Before you read what I'm about to say, I want you to understand I am a massive proponent of high performance chains like @solana . Last 3 months, every time I have interacted with EVM - every time - it has been a much cleaner and more intuitive experience. We have work to do.
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.@marginfi crosses $600M in supply, largely due to price action. the next milestone that meaningfully matters is $1B
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there is some really exciting defi activity happening on @marginfi. • $SOL holdings steadily migrating to LST holdings.• SOL pool utilization 60%+, closing LST/SOL arbitrage gap.• Trending coins launching as Isolated Pools to balance use cases with risk.• $100M+ continues to.
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It's interesting how ecosystem sentiment at a global conference like Breakpoint can be so heavily manipulated by $SOL price. Price is a lagging indicator . The reason things are getting better is because of the work brilliant people put in over the last year.
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holy shit the @marginfi community forum is on a level of innovation i'm not sure i've ever seen in crypto
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There are over 500 events in Singapore next week, an endless stream of massive parties. They're fun, but they're not a great place to build close connections or make meaningful memories. They're getting old. This problem has plagued me all summer. I love this industry, but I've.
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Solana DeFi is absolutely blowing up right now. Here's what happened THIS WEEK (we're only halfway through) 👇:.
Innovation. Scalability. Community. Discover what sets Solana apart. Built on the foundation you created. #OnlyPossibleOnSolana.
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y'all know nobody actually said "there will be no @marginfi" airdrop right. but look if *all* you want is an airdrop - go ahead & consider there to be no airdrop.
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should @mtndao do an entire week dedicated to xNFTs?.
@thehasheddude Hear me out. xNFT hackathon!.
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Most underrated development velocity in solana might be @0xrinegade and opensvm right now. The rate at which they're shipping is pretty astonishing.
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@h_avida lol i was born to immigrant parents that came from almost nothing but i wish i was a trust fund baby.
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This is our opportunity - whether you're coming from the EVM side or the SVM side - to prove that crypto is a positive-sum industry. One L1 does not need to lose for another one to win. Grow the pie ◼️.
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Massive, massive congrats to @buffalu__ , @segfaultdoctor , and the Jito team today. This marks not just a step forward for an extremely high execution team with a rock hard foundation to build on top of, but a step for the Solana ecosystem that has battled through freezing.
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Another bull run, another group of people growing increasingly crabby worrying more about their bags than anything else. Look for people who stay bright-eyed and innovating -- that's where growth is going to be.
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If you want to see the strength and cohesion of the @solana community in action, pay attention to the incredible collaborative effort that sprung up from all over the ecosystem to process the @cypher_protocol events today. I've personally seen:. 1) Ecosystem teams directing.
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Older couple in the elevator. I'm wearing a @MadLads shirt. Wife turns to the husband and says something inaudible. He turns to her and goes,. "It means fuck, without saying fuck.". Little do they know Fock It means so much more.
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I've finally had a chance to focus these last couple weeks and tore through the surprisingly intuitive 200 pages of Rust Atomics and Locks --. Would you guys be interested in a summary thread?
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developer hackathons are cool, but a GTM hackathon could be incredible. one of @solana's biggest problem right now is that the most valuable missing talent is *not* engineers - it's people who can take products to market. writing the code is 20% of the battle - we need a.
@0xMert_ Oh I mean we built friend tech on Solana. It was Wumbo. I can give anyone the code if they want it. It’s not a working model, though. The hype cycle will end and friend tech will go to zero. There’s really no point in building it. We’ve run this experiment 37 times already.
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If the entire ecosystem is scrutinizing every bit of @marginfi:. • Eng teams reviewing implementation gaps in the OS code.• Users reporting UX bugs.• Community criticizing incentive systems. It feels like a real decentralized effort 🤗. That's what we're here for - our team's.
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Wonderland is the most pleasant thing that's happened in DeFi in 2024, and all it took was close engagement with the community & some frontend magic.
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The hotel packages in Singapore this year are insane. This Mad Lad going to have to take her out for a spin I guess 🌊
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