lito.eth
@litocoen
Followers
23,416
Following
3,711
Media
1,454
Statuses
17,382
pushing chain abstraction @socketprotocol & @bungeeexchange
Joined September 2010
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Francia
• 461975 Tweets
Le Pen
• 417805 Tweets
Macron
• 404477 Tweets
The French
• 271306 Tweets
Melenchon
• 217929 Tweets
EMMANUEL
• 133821 Tweets
Vive la France
• 113660 Tweets
الاتحاد
• 100917 Tweets
Sean
• 98113 Tweets
Coco
• 92049 Tweets
Cruzeiro
• 64178 Tweets
Lucy
• 60250 Tweets
Jess
• 50695 Tweets
UK and France
• 41918 Tweets
Estevão
• 37207 Tweets
RIP France
• 36181 Tweets
Renato
• 35806 Tweets
NASCAR
• 34092 Tweets
Lola
• 33055 Tweets
Dudu
• 27116 Tweets
#ConexiónHondurasAllStars2
• 26786 Tweets
Renê
• 25121 Tweets
#NXTHeatwave
• 25057 Tweets
Rony
• 20524 Tweets
Quevedo
• 18553 Tweets
#DançaDosFamosos
• 16840 Tweets
FANDOM FURIOSO UNIDO
• 13096 Tweets
Tati
• 12449 Tweets
Ciaran
• 12347 Tweets
Rossi
• 11164 Tweets
#dilematvi
• 10867 Tweets
#Domingão
• 10338 Tweets
Pinned Tweet
i am a bit tired of seeing VC guys who make 1 on-chain tx a week lament the lack of apps in crypto
my savings are all on-chain
i get paid my salary on-chain
i send money internationally on-chain
i invest in t-bills on-chain
i invest in real estate on-chain
i bet money on sports
102
185
1K
Ethereum will undergo a 90% cut of daily emissions from 12,000 $ETH a day to 1280 $ETH
Yearly inflation will go down from 4.3% to 0.43% the equivalent of three halvenings *at once*
Meanwhile rewards for PoS validators will go up from 4.5% to 10-15% in the months after The Merge
266
1K
5K
It’s not a secret that i’m omega bullish on $ETH so I wanted to share a few good yield sources that I consider safe
Some of the coolest high-yield tricks atm involve leveraging up on interest-bearing $ETH tokens (e.g $stETH) 👇
37
208
1K
pretty wild i just onboarded my favourite football player to ethereum
69
50
1K
$ETH at $3400
Gwei at 35
funding rates ultra low
what is happening?
62
47
972
optimism and arbitrum now both have a larger TVL than solana 😳
42
117
941
6 months ago Do Kwon was offended when asked if he could imagine $LUNA migrating to an Ethereum L2
today Terra was at risk of an economic attack that would put all assets on the chain at risk
i really think we're going to see more and more appchains outsource security to $ETH
89
113
889
Optimistic Rollups like
@arbitrum
and
@optimismPBC
have been been battle tested for months, it's time to accelerate, it's time for a mass migration to L2.
I have published a proposal for
@Uniswap
to start a liquidity mining program on Ethereum L2's to kickstart adoption 👇🧵
42
146
880
watch this and tell me you’re not bullish on $ETH 🚀
@0xPolygon
to
@optimismPBC
in 2 minutes and $0.10 transaction costs
new users won’t even need to ever touch Ethereum mainnet anymore!
@arbitrum
next...
57
154
816
The father of my girlfriend just texted me, he wants to buy $100k of $ETH
Can I assume this responsibility ?😅
195
27
758
L2 networks are paying $150,000 in rent to Ethereum everyday
where do you think that number will be 6 months from now?
45
132
786
I am reading a book on the history of the
@Visa
Payment network (formerly BankAmericard) and I can't stop seeing parallels with crypto
1) Memes
Dee Hock, the founding father of Visa knew he had to do first get people accustomed to electronic payments
"Think of it as money"
29
189
784
and just like this Ethereum becomes a social network
33
99
774
i seriously don't care about bear market or not
i am so comfortable and ready to accumulate more $ETH at whatever prices
21
24
725
this asset management firm estimates inflows of $65b post bitcoin ETF and a price of $200k / $BTC
they think $ETH will outperform again and reach $22k this cycle
this is exactly the kind of energy I needed this morning ☕️
40
85
730
Optimism is starting to heat up since the re-genesis and removal of the whitelist 🔥
Here's a couple of projects launching soon 👇
@universe_xyz
will be the first nft marketplace on
@optimismPBC
and include minting, social tools, media services and more
25
145
571
At the same time, its energy consumption will drop by 99.95%.
It will be tiny even compared to traditional payment networks like Visa (0.4% of Visa).
9
26
583
gf encrypted her seed phrase in arabic + hardware wallet
$1m well secured 🤝
54
20
557
my gf just re-arranged my clothes and sent me this pic
never gonna collect nerdshirts at conferences again 😭
102
13
555
on-chain sleuths are the real deal
watch your $HOP airdrop go up while they weed out some more Sybil attackers
46
43
516
tbh i’m losing a lot of respect for the accounts that bullposted throughout the past 2 years and are now coming out with the cynical takes
no it doesn’t make you look smart
yes there are things to criticise but where was your criticism before?
11
68
522
i know it's hard to fathom when every goddamn coin pumps 20% every day for the past month
but $ETH has added 58 billion to its mcap in the past 30 days
that's 2x Solana's entire market cap
it's just a different asset class at this point and yet it's path to $10k is inevitable
68
43
519
Being less reliant on the grid is not only a relief for the environment, it will also be *much* harder for state actors to censor the network.
Hundreds of thousands of people will be able to run PoS validators at home.
15
14
482
I dOnT unDerStAnD tHe tOkEnOmIcS oF L2 tOkeNs
mate they have better business models than alt l1's like solana
business model is easy
they sell blockspace on L2 and buy blockspace on L1 and pocket some nice spreads on the diff while still offering end users 10x cheaper fees
29
78
484
honestly shocked by layerzero's move here
this is such a bad precedent
completely frontrunning LidoDAO's governance process and its network expansion team to deploy a $wstETH version to Scroll, BNB chain and Avalanche
i think $wstETH holders on Scroll deserve to know that
131
368
1K
49
89
429
After we released this mainnet demo video, we’ve been asked my many people:
“How is this possible?” “This must be centralized”
No it’s not. It’s Hop. It’s magic and it’s been developed by 3 of the biggest giga-brains I know, for more than a year now.
Polygon to Ethereum withdrawal in 1m30 instead of 3hrs😍
ETH DeFi will become multi-chain DeFi soon.
112
564
3K
22
101
453
this has been the punk of my dreams for a long time
have been wanting to pull the trigger so many times but always a tad too slow and it was gone
didnt want to settle for anything else
biggest acquisition in my entire life but it's a testament to my conviction in this space❤️
81
15
453
if Polygon manages to migrate its PoS chain with all apps and users to a zk-Rollup in the future it will be a textbook example of progressive decentralization
11
49
408
Unfortunately, I was let go from Yuga today.
I was in charge of lightning at apefest.
If anyone is looking to hire people with my skills, please DM.
41
10
407
zu’s argument why Ethereum is bad in a nutshell:
newcomers like cheap L1 coins
35
13
396
if there is a winner in this bear market it's probably coinbase
the shift they've made in terms of branding, strategy and execution is simply mindblowing
you can feel their commitment to this space is sincere and they're willing to fight for it like nobody else
18
38
404
honestly events like these is why i feel so firmly entrenched in the ethereum community
the general risk aversion and culture to call out and discuss systemic risks create a much more resilient ecosystem over time
10
37
403
People were bullish on a million new alt L1’s
But now that Ethereum has a dozen of successful L2’s
with much stronger interoperability than disjointed L1’s
They’re suddenly worried about fragmentation?
43
47
402
I have re-submitted the proposal for
@uniswap
to incentivize liquidity on L2, this time for Stage II of the governance process.
As such, the proposal is much more concrete laying out all the details of the liquidity mining such as length, no. of assets and how to reward 👇
13
75
373
BREAKING: 5 largest
#bitcoin
mining pools control 84% of the hashrate
congrats on this
@Excellion
. seriously.
43
55
367
.
@optimismPBC
and
@arbitrum
are now connected 🤝
Here we go
@arbitrum
👋
Welcome to that protocol in the Ethereum galaxy where transfers happen (almost) at the speed of light 😜✨
Send $USDC & $USDT from Arbitrum to any Hop supported network in minutes and vice versa!
👉
65
202
1K
10
59
356
liquidity mining on
@arbitrum
and
@optimismPBC
is coming very soon
stoked to announce we were able to get an audit by ABDK (
@Khovr
) which has started today and should be completed in 2-3 weeks.
18
47
356
and the 0.4% inflation figure is without taking into account the automated $ETH burn introduced by EIP-1559 ($5b burnt since launch)
taking $ETH burn into account Ethereum will be deflationary
h/t
@Swagtimus
@ultrasoundmoney
3
10
351
yes i have abandoned dydx despite supporting it in the past
the idea of sitting around jerking off promoting some fake charts of cosmos devs flipping ethereum while nobody uses cosmos is gross
42
14
350
lol sitting in a cafe in portugal and hearing the two guys sitting across my table talk about the $SNX & $AAVE pump
Tradingview on their screen
Is crypto going mainstream or are all crypto people in portugal?
29
13
350
Ethereum is *one* giant composable network
L2's will increasingly be completely abstracted away for users thanks to
@HopProtocol
watch how I withdraw $USDC from
@optimismPBC
straight to my
@coinbase
without having to send it to my L1 address first
15
82
347
trading on
@zksync
via
@ZigZagExchange
is now available in the Argent testflight app ✈️
$0.40 cts for a swap
14
48
345
Most crypto assets suck. From the thousands that are listed on
@coingecko
there’s max 50 that I would invest in.
Close to none generate reliable cashflows & the few that do are highly correlated to the crypto market's overall success.
We need to connect crypto to the real world
48
63
336
Did a list of projects on Optimism recently so doing same for Arbitrum now and will continue adding to the thread when I see new projects
@PremiaFinance
just launched a really nice option trading platform
250% projected APR for LP'ing $ETH into the option pools + 30% $PREMIA 🔥
20
74
332
been having fun selling $ETH options on
@lyrafinance
as we were ranging the last few weeks
it can be quite risky depending on the parameters you chose but can pay off nicely (200% apy)
here's how it works 👇
17
35
263
Time for an update: as you can see the consensus check regarding whether to incentivize $UNI liquidity on L2 has PASSED.
I couldn’t be more excited. This is what makes the Ethereum community so special imo.
Together we can achieve literally *anything*.
22
61
322
hadn’t looked at this for a while.
wild.
since the merge the supply of $ETH has *shrunken* by -250,000 ($500m)
had the merge not happened the supply would instead have *increased* by 5,000,000 $ETH ($9.2b)
that’s a lotta money
16
58
327
Just to put things straight, $HOP airdrop did not discriminate people with smaller budgets
All we looked for is:
- active users ( min. 2txs & > $1000 vol.)
- people not to farm the airdrop with 20 wallets
u could send 10 transfers of $100 over 1 year and qualify as active user
Hey
@litocoen
I noticed a lot of people from underdeveloped countries are excluded from
@HopProtocol
. Such people earn <$150/month and use Hop for small inter-L2 transfers. Could you reconsider the $1k vol threshold? (not sure how you can separate them from sybil attackers)
10
21
115
86
21
312
reasons to hold $GNO
- treasury over 500,000 $ETH ($600m)
- market cap of $900m 🤯
- recently aquired xDAI chain
- plan to make it the "Kusama of Ethereum"
- amazing builders behind Gnosis Safe & Cowswap
- $GNO holders will be eligible for
@MEVprotection
airdrop
19
48
301
it's disheartening tbh how people are using bankless as punching ball right now bc price hasn't moved as much as some other chain
bankless invited solana founders countless times on their podcast
david had a solana nft as pfp when no one gave a single fuck abt the chain
38
18
313
Thread on wallet security and my favorite wallets to safely navigate the life of a Web3 degen 👇
16
80
305
the best distribution i can think of for $ENS is dropping it only to people who connected their ENS to their wallet address
would get rid off all the domain squatters
ENS is decentralizing governance & is now accepting applications for DAO delegates.
$ENS governance tokens will be opened for claiming by ENS users (snapshot made yesterday) a week from today, with more details about it then.
Blog post or 🧵 for more
1/
367
1K
5K
54
23
302
gnosisDAO is serious about real world assets 😳
bunch of treasuries but they also bought the bottom on $COIN and S&P500
up like $1m on $COIN alone
been following how they deploy over $270m on-chain and must say it's the most well managed treasury i've seen in this space
24
37
302
L2 is increasingly becoming one single composable network for me
barrier to move funds between L2's is so low it's like they're the same network
i often do things like borrow funds on
@AaveAave
on arbitrum, then send to optimism to long a token on
@kwenta_io
and back
15
19
291
man my sister just texted me:
“is it true that ethereum will cut its emissions by 99% next week?”
clearly this is a narrative that appeals to a fuckton of people
16
24
293
Ethereum added $14.6 billion in TVL this week
that's more than Fantoms *and* Avalanche's *entire* TVL combined so stop spreading false narratives 🙃
11
32
299
some crypto VC's that strike me as highly principled, long-term thinkers from personal interactions or observations:
-
@paradigm
-
@1confirmation
-
@wintermute_t
-
@hiFramework
-
@TiogaCapital
-
@standardcrypto
which others are good?
39
31
281
The only spot exchange that can rival with Coinbase is on Ethereum
The only perp exchange that can rival with Binance is on Ethereum
The only lending platform that can rival with banks is on Ethereum
And you’re trying to tell me that Ethereum is doomed? 🧐
One week later dYdX is at $16m depth within 30 bps
Only $4m less than Binance ETH perp
DEXs are about to become more liquid than CEXs
38
164
969
18
30
272
everyone i look up to in the NFT space is building on or cheering for $MAGIC
i say this as someone with a small bag of $MAGIC but it's rly refreshing to see a project adopting free mints for all their drops when you see all the undifferentiated money grabs on L1
12
29
255
the remainder of this week is going to be insane and i'm so fucking ready for it 🐰
37
30
260
I see lots of discussion about bridge security recently (rightly so).
It’s very hard to assess the trust model of each bridge especially for non-technical people.
Imo it’s up to bridge operators to explain their trust model to users so i'll try to explain
@HopProtocol
's 👇
10
76
256
Re-submitted this proposal for
@Uniswap
to incentivize liquidity on L2's as the first one was ambushed by a single no-voter in the very last minute and several delegates reached out to me afterwards encouraging a second submission.
Let's do it!
Optimistic Rollups like
@arbitrum
and
@optimismPBC
have been been battle tested for months, it's time to accelerate, it's time for a mass migration to L2.
I have published a proposal for
@Uniswap
to start a liquidity mining program on Ethereum L2's to kickstart adoption 👇🧵
42
146
880
12
52
258
way too few people know about socketscan - the etherscan for bridges
aggregates the data from native bridges and most third party liquidity bridges like Hop, Stargate, Across etc.
paste your address and see all the bridge transfers you've ever made in one place
18
40
255
Really stoked to announce that I’m joining the
@socketdottech
team.
Will be helping the team on its way to becoming the number 1 player in the bridge space.
The bridge space is still nascent and yet absolutely crucial to crypto adoption.
But why Socket specifically? 👇
43
23
258
friend tech reminds me of the a16z thesis that crypto will allow creators to make a living by having 100 superfans rather than tens of thousands of fans they only loosely engage with
feel like friend tech is getting pretty close to that
creators with 100 key holders in their
21
40
247
i am deeply impressed of how vitalik leads ethereum
the guy literally has no official authority and yet the whole ethereum community looks up to him and listens to his advise
one blog post or podcast appearance is enough to rally everyone behind him
such a uniting figure ❤️
9
14
252
this is wrong
starkware raised most of their money way before airdrop farming was a thing and before starknet was even launched
they just had a few projects like dydx and sorare using their starkex rollups
airdrop farmers are annoying af and i can understand founders lash out
CEOs after raising $225m because of the airdrop farming community
"we don't owe you anything, no one asked you to do anything"
114
49
718
35
17
246
the highest upside in crypto is on L2's imo
optimism, arbitrum, zk-Sync, starknet, scroll, worldcoin, aztec, fuel, taiko all scaling ethereum and building differentiated ecosystems
and unlike alt-L1's they have a proven track record of sharing ownership with their early users
16
25
241
lyra finance ux is something else
the speed of optimism + a killer UI = 🔥
11
28
245
most unique applications i've seen so far on
@base
-
@daimo_eth
venmo on crypto rails
-
@zkp2p
fiat <> crypto peer-to-peer market enabled by zero-knowledge proofs
-
@blackbird_xyz
restaurant loyalty app
-
@farcaster_xyz
social media
what else?
34
24
258
two years ago i thought i was silly for wanting to buy big brands ENS names - and didn't do it
today brands are spending 7 figs to get their ENS
if i have learned one thing the past two years it's that being a pessimist gets you nowhere 😂
10
24
247
if you're still alive here you did better than do, celsius & 3ac
wagmi
10
14
244
thinking of producing 222 of those and bringing to the
@l2beatcom
layer-2 conference in amsterdam.
who would want one?
57
16
239
fyi on of the most efficient way to fight phishing sites is submitting a PR to m*etamask
if they add it to to their scam database this is what a user will see when they go to the website
takes 1 minute to submit a PR, let's make web3 more secure 🤝
7
67
237
did you know you can deposit $USDC from
@0xPolygon
to your
@coinbase
account in 5 minutes without going through Ethereum using
@HopProtocol
?
Here's how you do it with $100 $USDC ⤵️
⚠️ this is not good UX but we could expose it in our UI soon to make it user-friendly⚠️
13
32
227
pre 4844
@arbitrum
is making around $14m in annualized revenue
around 30% of the fees it collects is turned into revenue for the DAO
post 4844 it will cost an order of magnitude less to post data to ethereum and the DAO will be able to increase its margin substantially
$ARB
Today, we're releasing tooling that will make building your own Arbitrum Orbit chain easier than ever.
To start, we're providing a quickstart guide & tools to help you with building your Orbit DevNet chain!
🔗 start building via docs:
22
107
412
14
17
230
my $ETH prediction for the merge:
- no significant price action before
- solid one time pump after successful merge
- steady rise over next 6 months once -90% reduced inflation kicks in (or even deflation)
24
23
229
There's a lot of concurrent developments happening atm that make me rly optimistic about crypto UX.
It all boils down to:
1) Smart wallets
2) MagicSpend
3) Chain abstraction
Each of them in isolation would already be game-changers.
Together they are paradigm-changing.
13
51
245
anon holding over 500 punks since 2017 on why he is not dumping his punks for cash
og cyberpunks are literally built different
15
27
221
Coinbase employees prefer to buy $ETH over $BTC
4/18
I got 108 responses from employees world wide, asking them questions about their personal views of crypto.
The main question being what assets they'd buy in the next 30 days.
This graph tells us a number of interesting things, but I want to zoom in.
23
57
414
13
35
233
i just beta tested the funding rate arbitrage vault by polynomial
love this stuff
takes half your deposit to short $ETH on
@synthetix_io
yielding 39% apy
other half to long $ETH on
@AaveAave
paying 2% borrow costs
net apy of 37% and no price risk
29
32
226
$GNO's valuation is a mystery to me
- $180m mostly $ETH treasury against $270m fdv
- 20% stake in $SAFE (valued at $1.25b in last funding)
- L1 with decent infra (Etherscan, Curve, Hop soon Uniswap)
- Differentiated projects like RealT, POAP
- Plans for new payment use cases
37
21
223
my favourite defi protocol is
@AaveAave
Imo there is no way that it won’t 10x in the next 2-3 years
It’s the clear category leader in lending, which in return is the fastest growing sector in DeFi and the one i’m most certain will prevail
The team is agile af
Long $AAVE
12
16
223