GM Chung 🟧
@gmchung94
Followers
9,031
Following
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Media
377
Statuses
4,275
Co-founder @DeSpreadTeam | Enjoying crypto since 2015
Seoul, South Korea
Joined January 2018
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What we need for
@Stacks
DeFi, I've been in mind since early this year
- Permissionless DEX: Boosting on-chain liquidity
- Stablecoin bridge:
@XLinkbtc
@Allbridge_io
- CDP:
@ArkadikoFinance
@UWUProtocol
- Lending: Real yield generator
@ZestProtocol
- Field farming platform:
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The Bitcoin ecosystem, featuring $STX, $ALEX, and $ORDI, has been highlighted on MK, a prominent media outlet in South Korea.
In this news, there is a noticeable shift in the perception of Bitcoin in Korea, and I believe the upcoming ETF stuffs have had a significant impact on
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Bitcoin L2 & $BTC staking will change the future of finance
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Simple math for
@StackingDao
. Assume:
1) $STX Stacking APY = 6%.
2) Predicting TVL growth because expecting BTC L2 market and interest's increase.
3) Set FDV/Revenue for
@StackingDAO
to 100, similar to $SD and $MNDE. To calculate FDV for potential airdrop token.
Wen 🪂
#NFA
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According to
@DGTL_ASSET
, $STX claims the top spot in trading volume among the top 50 on CMC, with $GRT following closely behind 🤯
Source:
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GM to $WELSH enjoyers, and a warm welcome to the
@Stacks
ecosystem. I'll giveaway my Happy Welsh PFP
#1489
with a blue bowtie, helmet, and laser eyes.
If you want to take it, follow
@gmchung94
and drop your Stacks address here ⤵️
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Most biggest blockchain hackathon in Korea I ever seen 🔥🔥🔥
Just 3 years ago, there were less than 5 devs in
@Solana
Korea community 🤣
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Bitcoin L2 is the next big thing 🟧 $STX
Quick thoughts from Satoshi Round Table in Dubai:
- The Bitcoin L2 session yesterday was the largest session I’ve seen here. Packed and 5 Bitcoin L2 projects there.
- Today, multiple parallel sessions going on about Bitcoin L2s, BitVM, peg security, Bitcoin Defi etc.
- BitVM
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What a sexy
@ZestProtocol
, Aave-style money market on
@Stacks
! Now I can leverage my $stSTX to borrow stablecoins 👨🌾
Try here:
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STX listed on Upbit KRW market! It's a good start with Stacks Korea Chapter😆 Please look forward to more news in the near future!
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Blockchain is also created by humans and I can say that everyone can make mistakes. Because we're also one of them.
Even this situation, I support the ALEX team to the end 🙏 Let's be solid
Keep thinking of the Firebird. Our whole team is working non-stop to recover the funds and upgrade security measures. The plan to compensate users is a work in progress. Thank you to those who believe we will come out stronger. That’s the only way, the Alex way.
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Was a great dinner for Bitcoin & Stacks ecosystem 🟧 Thanks to legends for taking your time to come!
@muneeb
@danheld
@TO
@XanDitkoff
@YukanL
@TychoOnnasch
@casperjohansen
@nonfungible_jan
@jeefeekim
@jaemin_eth
@andreas_nicolos
@cry_curr_ar
@ElizabethOls0n
@0xflavia
and more
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Happy to host the first-ever
#StacksSeoulMeetup
with amazing
#Stacks
eco family during
#KBW2022
🔥
There will be a cool speech🎙️, exclusive attendance NFT🎟️, and nice people🫂
RSVP:
[1/3]
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Runes meets Stacks, REAL BTC L2 🤝
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6th night in Miami with
@Stacks
fam🏝🔥🐃
Off-chain Stacks NFT culture coexisting with various artists! I will never forget this moment
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With significant interest in
#Bitcoin
, our insights regarding the Bitcoin ecosystem have been highlighted in 서울경제, a prominent newspaper in South Korea. Many industry players in Korea still treat $BTC just only as an asset, so we're trying to spread insights and awareness on
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Just to clarify, I'm not associated with $LEO 😅 But it's true, I made over a 100x profit with $WELSH and converted it to $USDA.
Here's why I'm interested in $USDA:
1. Anticipating a profit of 30% or more post $USDA's $1 peg recovery (currently at $0.68).
2. Engaging in $DIKO
Did some on-chain forensics.
Looks like
@gmchung94
has been dumping all his $WELSH over the past few days and airdropping $LEO to people– while keeping a fat bag for himself.
Seems pretty fucking sus.
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Why Stacks is SOLID 🧱
𝗡𝗘𝗪𝗦: SEC drops a three-year investigation into Stacks with no action.
Earlier this week, we received word from the SEC that after 3 years, they are terminating their investigation into the
@Stacks
blockchain (the protocol) and Hiro System (a company) with no action.
Stacks
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.
@Stacks
2.1 Upgrade is Approaching — Enhanced Connection between Stacks & Bitcoin
Major changes and improvements resulting from the 2.1 upgrade and the corresponding impacts👇
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Today, with the announcement of the Stacks Asia Foundation’s launch,
@kyleellicott
took part in
#KoreaInvestmentWeek2024
to introduce the Bitcoin L2 Stacks.
Now many know
#Bitcoin
as digital gold, the idea of using it as a layer for expanding its utility is still new to most
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As someone who has huge faith in the post-Stacks Nakamoto, this news might bring disappointment. But, as a Signer who secures Nakamoto, I truly believe it's the right decision for both developers and users.
Let's make these 8 weeks a miraculous time together!💪🟧
An update on Stacks Nakamoto activation (part 2 of the launch):
Stacks devs planned to build an advanced crash recovery system for signers as an upgrade later this year, and built a basic recovery system for the Nakamoto launch. During the tests with partners on mainnet, after
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Blockchain fosters borderless communities, and that's why I'm here!
Bye Miami and see you in Korea 🇰🇷
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Arkadiko 2.0 will fix the $USDA peg through $1 redeem function & new kind of collateral asset like $stSTX 💪 Hope it can be a solid foundation for Stacks DeFi's future!
A cambrian explosion is waiting to happen in the
@Stacks
ecosystem
Our Arkadiko 2.0 upgrade just went through an audit and the results are promising 🤩
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🤯 Here's a brand new explorer for
@Stacks
powered by
@LeoCoinSTX
@stx
! Much light. Much clean. Much meow.
Try here:
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See! $stSTX is working well on Stacks⚡️⚡️
@StackingDao
can help you in staking your $STX super easily! Let's leverage it to boost our on-chain ex 🟧
First
@StackingDao
cycle ended, yield came in, stSTX/STX ratio went up, all systems go!
This will be awesome as collateral in
@ArkadikoFinance
and others soon 🚀
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$WELSH is like if that Blue Oyster sh*t met that Afghan $BONK I had, and they had a baby... And then meanwhile, that crazy Northern Lights stuff I had and the Super Red Espresso Snowflake met and had a baby... And by some miracle, those two babies met and f***ed; this would be
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I am happy to have
@DeSpreadTeam
join the Mintery program as a mentor. We hope that creative
#NFT
projects will appear in the
@Stacks
ecosystem in the future, and we will actively support them! 🔥🔥🔥
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Great catch up with
@TheSandboxGame
🎮
❤️
@borgetsebastien
@voxel_yohan
@Cindy_Sandbox
@gmchung94
@jaemin_eth
@MoneyStack9
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[스택스, 비트코인 레이어2 메가 스레드 by
@muneeb
]
Korean version🇰🇷🧵
A mega thread on Stacks, a Bitcoin L2.
What is Stacks L2? Details and links👇
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And don't forget, Koreans are super smart 😉
Some notes from Seoul, Korea:
- Korea is the largest market for Stacks (STX) by trading volume, accounting for 40-60% of global trading volume. I'm an engineer, not a trader, so I had no idea why. I got two answers: (a) Stacks did an SEC-qualified offering, and Koreans like the
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I'm very excited to support
@ZestProtocol
since its early stage. DeSpread will actively support Zest's APAC market expansion 💪
Try Zest here:
Zest Protocol raises $3.5m Seed round to redefine Bitcoin lending
Led by
@drapervc
, with participation from
@BinanceLabs
,
@FlowTraders
,
@trustmachinesco
,
@goasymmetric
and more 🤝
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I think we should have a wide tolerance for outsiders. As a prime example, the
@PunksOnStacks
I found in Stacks Explorer has developed
@ArtOnStacks
, the most active NFT marketplace currently on
@Stacks
.
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Some folks ask me about what's the best memecoin on Stacks like $BONK on Solana. Maybe $WELSH?🤣🤣 It was the hottest topic in the Korean community today
#NFA
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$STX is so BULLISH🔥🔥🔥 Achieved 1st place again with $800M volume!
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My latest thoughts on the Stacks ecosystem:
- Since the mainnet, the ecosystem has been well decentralized, and the lack of centralized management leads to a lack of consideration for non-English speaking communities.
- Mainchain still needs to be optimized, and the Nakamoto
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Our next wish is Subnet 👀 When Subnet?
Inbound transfers for Stacks (STX) are now available on
@Coinbase
and
@CoinbaseExch
in the regions where trading is supported. Trading is not enabled at this time. Trading will begin on or after 9AM PT on Wednesday January 19, if liquidity conditions are met.
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Giga bullish on this 🔥
1/ It's time to bring the best of
@babylonlabs_io
and
@Stacks
together!
Today, we're announcing Zest Protocol's first BTC yield product: BTCz
BTCz uses Babylon for yield, and Stacks for security. Read how 👇
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I can remember when Megapont and ALEX's launch were congesting the Stacks chain🤭 It also means the community was hungry for on-chain activity. We keep needing new dapps!
Stacks just mined an 8k+ transaction block. Thanks degen friends!
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Make multi-chain orange 🟧
XLink is excited to collaborate with
@Bifrost_Network
to bring unprecedented cross-chain capabilities to the
@Stack
ecosystem.
🌐Unlocking Seamless Cross-Chain Mobility
Through this partnership, users will soon be able to move $STX, $aBTC, $sBTC, $BFC (the native token of the
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Happy to meet in person everyone 🫂 Pre-gathering party was successful and very looking forward next week's
#KBW2022
event!
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Then, how about 'sBTC + Stacks subnet' for BTC payment solution replacing the lightning? 🤔
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Brand new dashboard ✨
It will support multi-chains include
@solana
@Aptos_Network
@bobanetwork
@0xPolygon
@avalancheavax
@BNBCHAIN
@Polkadot
@FantomFDN
@NEARProtocol
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When $sBTC comes, PoX makes $BTC in flow to Stacks L2 more easily. It's a clear advantage compared with other Bitcoin L2s.
Every cycle, Stackers take native BTC -> 'with one click' -> sBTC on Stacks 🤯
As you can see through , 27.6 BTC worth a total of $1.2m was paid to stackers through the second
#PoX
reward cycle. In total, 0.01027 BTC was paid to 2808 slots. 1/
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LOL
For GM, there will be a 1-of-1 Genesis NFT. The Stacks community will never forget.
8/
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디스프레드의 큰 강점 중 하나, 이해관계에 휘둘리거나 엮이지 않고 시장에 대한 편견 없는 관점을 잘 유지해왔다는 점.
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A popular & most mentioned projects in the Stacks Korean community:
@mineCityCoins
@alexgoBtc
@ArkadikoFinance
Korean Stackers has good insight into the Stacks ecosystem 👀
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Hey Arkadians! How was your last night's DeFi experience on
#Bitcoin
? 😏
I have prepared the following table to help you farm $DIKO starting at block height 35300! Take a look and enjoy farming!
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ONLY
@stacks
CAN 🔥🔥🔥
Native Bitcoin swaps are now live!
Why is this a big deal? Tweet thread👇
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Unusually, Koreans have a very high adoption of new techs.
"Success in Korea = Globalization"
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Flying to Miami to see the Stacks family ✈️
See you soon my loves!
✨We are going to
#BitcoinUnleashed
- the
@Stacks
summit in Miami! See you there!👀
Contact
@gmchung94
@peachmint00
@cryptodevgang
@bobo2bin
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Below is the industry's first and best case of transitioning to a non-security. $STX
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GM. VISA approved for my flight to Miami!! Now I just need to be careful with COVID 😷
See you on April 5-6!
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Solid partnership is here! This is how DeSpread contributes to on-chain ecosystem 💪
Mint $stSTX for the future of Bitcoin DeFi!
.
@DeSpreadTeam
, the Web3 strategy consultant & staking validator with $296 million in AUM, joins Stacking DAO Signer network.
They also actively invest in
@Stacks
protocols and assist them with growth strategy.
Their inclusion as a Signer will make the ecosystem more resilient.
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.
@DeSpreadTeam
's 4 core values:
1️⃣ Be non-fungible specialists
2️⃣ Do the right thing at the right time
3️⃣ Know your customer
4️⃣ Stay hungry
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After Stacks, in the Korean market, the most famous Bitcoin-based project is
@ALEXLabBTC
. ALEX currently holds the highest TVL and boasts the largest number of users within the Stacks DeFi ecosystem. Plus, it is now building the necessary products and infra for Bitcoin called
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Buckle up, Stackers! You will see real $BTC economy like never before 🍊
On August 28, final code for Nakamoto will be shipped to network operators & the Activation window will open!
Network operators will have Cycle 92 to upgrade; pending a successful Signer handoff from Cycle 92 to 93, core devs will select the final hard fork block.
🧵 1/6
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#BitcoinUnleashed
Finally meets
@Stacks
ecosystem rockstars❤️
@muneeb
@JosephBender
@louiseivanvp
@CaitlinLian
@MarvinJanssen
@CryptoDevGang
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👊
@Stacks
와
@Bitcoin
상에 구축된 탈중앙금융(DeFi)에 유동성을 제공해주는 암호화폐 담보 탈중앙 스테이블코인 (xUSD, 1 USD 소프트 페깅) 및 대출 플랫폼,
@ArkadikoFinance
을 소개합니다!
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Definitely someone will flip me like StackingDAO 😂 But I'm truly honored to demonstrate my loyalty through my points.
FYI,
@ZestProtocol
will be open to the public starting May 5th, so make sure to prepare these 3 assets in advance: $stSTX $aeUSDC $STX. 1 point per $1 per day
Until then, the undisputed king of the leaderboard is
@gmchung94
- with 13x more points than
#2
. Catch him when the protocol opens
GM is reaching legendary status on
@Stacks
🏆
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NFTs on
#Bitcoin
? 👉
@stxnft
#BitcoinUnleashed
@Stacks
#Miami
@jamilbtc
@nicksainato
@CryptoDevGang
@bobo2bin
@gmchung94
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$sBTC, core building block for
#Bitcoin
economy is coming after Nakamoto! Super excited
Yesterday, the sBTC working group released details on the sBTC launch plan that will occur shortly after Nakamoto.
TLDR: sBTC is fully scoped with the release candidate planned for this summer. Phase 1 of the rollout will fast follow Nakamoto.
🧵👇
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