unbanksy(real)
@unbanksyETH
Followers
10,342
Following
2,407
Media
959
Statuses
5,270
Product & GTM of interesting mechanism designs Core team @OlympusDAO Core team @BaselineMarkets
Joined October 2020
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Flamengo
• 205158 Tweets
#世界猫の日
• 149238 Tweets
Corinthians
• 146877 Tweets
Puigdemont
• 143496 Tweets
#LCDFMX2
• 81955 Tweets
#LaCasaDeLosFamosoMx
• 76270 Tweets
Mariana
• 53891 Tweets
South Africans
• 49437 Tweets
세계 고양이
• 42930 Tweets
地震情報
• 33906 Tweets
緊急速報
• 32202 Tweets
津波注意報
• 27014 Tweets
緊急地震速報
• 24810 Tweets
震度6弱
• 24806 Tweets
震度5強
• 19956 Tweets
YukbeRKreasi Bareng
• 18075 Tweets
GueMILIH YangNYAMAN
• 17420 Tweets
M6.9
• 16776 Tweets
暴言騒動フワちゃん
• 16100 Tweets
宮崎の地震
• 15384 Tweets
Sabine
• 14669 Tweets
津波情報
• 13991 Tweets
宮崎6弱
• 13849 Tweets
オンラインくじ
• 13790 Tweets
地震大丈夫
• 13028 Tweets
地震発生
• 11559 Tweets
宮崎県南部平野部
• 10154 Tweets
Venture capital is broken.
VCs create unequal power structures, have misaligned incentives and make cost of capital high relative to value they provide.
DeFi redefined outdated financial systems.
@OlympusDAO
will redefine VC. Here's how 🧵👇
28
234
906
It’s been 3 weeks since Olympus Pro launched with an initial cohort of 7 partners. Since then, we’ve facilitated $6M in protocol owned liquidity.
Starting next week, we’ll be launching 15+ partners across Ethereum and Fantom networks.
This is just the start 🚀🚀🚀
39
91
643
$OHM price is falling. Liquid backing is falling.
People comment that Olympus has failed to "defend the price". That's not true and needs to be clarified.
I'll explain why the backing is going down and what we can do about it. Let's jump in 🧵👇
58
110
498
I'm hearing people are spreading FUD about $OHM bc of bond revenue. Keep in mind devs are in the middle of implementing Bonds V2 so new bonds are not in yet
New features include auto-staking, dynamic duration and ability to bond multiple times
Launch ETA is Jan 3rd
gm new year
37
79
375
Q1 is behind us.
@OlympusDAO
just went through its toughest quarter to date but...
1. We're alive
2. We're shipping consistently
3. We have a busy Q2 ahead of us
This is a thread on what we accomplished in Q1 👇
22
57
365
Liquid markets attract short-term thinking. This is true for all capital markets - equities and crypto included.
To all the hard-working
@OlympusDAO
members, remember why you started in the first place.
History is made by builders. Not armchair traders.
15
27
249
If you’re an iOS developer looking for your next big career move, let’s talk.
I want to build a mobile app that will bring $OHM to the masses.
Brainstorming starts during hackathon. Have $$$. Will fund innovation.
$100,000 in prizes for a hackathon focused on $OHM and $KLIMA sponsored by Wagmi Labs Inc.
Wagmi Labs is a C Corp set up by a few Ohmies including me,
@wagmianon
and
@unbanksyETH
+ two Thorchads (who are also Ohmies),
@GavinMcDermott
and
@njess
(founders of
@ninerealms_cap
)
16
68
335
10
37
243
$KLIMA launched 1 week ago and is now worth $1B. Is this the fastest in crypto history?
18
24
246
Companies built on top of AWS are worth more than AWS itself
Not crazy to think that $OHM may be worth more than $ETH itself in the futur
20
13
239
Something interesting is starting to happen with $OHM. Supply has become deflationary.
Why? With APY now at 7.33% & inverse bonds active below backing, there's *way* more $OHM burned than minted.
Supply has been decreasing every single day since Oct 6
20
52
243
Devs worked hard over the weekend to fix price.
You welcome ohmies.
17
7
230
I can guarantee you one thing
No one owns enough $OHM
I can guarantee you one thing
No one owns enough $ETH
37
43
595
6
17
206
Something spooky is coming to Olympus Pro next week
😱👻🤫
8
14
206
The conspiracy theory becomes reality
@iearnfinance
is using L2 $FTM as innovation zone for new product launches. If you want alpha, look no further 👉
I'm seeing experiments with $ALCX, $RAI, $OCEAN, $VESPER, +++
Incredibly bullish on $YFI + $FTM 🚀
7
40
198
We launched OHM-ETH bonds 2.5 hours ago and there's now $4,438,027 in POL
4
24
184
1/n For $OHM to become a reserve currency, must become easiest way to send money on internet.
Creating an .ohm Name Service is one way to do it. Names are human-readable (no 0x hashes).
You can only send and receive $OHM.
Some ideas how this can look like 👇
15
29
182
Holy shit $KSM has some of the coolest Layer 1 designs I’ve ever seen
Crowdloans make ksm a productive gov token via bribing - similar to $CRV
Time expiry on parachains encourage innovation and dis-incentivize gerontocracy
This is a petridish for innovation
11
30
184
Excited for some big news coming out soon from
Incubator by
@OlympusDAO
🤝
Copper by
@_alchemistcoin
Soon ™️
8
14
184
gOHM-AVAX liquidity sits at $8.2M one week after launch 💪
Tomorrow, we launch on Arbitrum 🚀
8
23
178
Proud to have been part of this.
This will also be one of my fastest product launches: from idea to MVP in < 2 months.
Only possible w insane talent from
@OlympusDAO
Love you guys
We are excited to announce our next step: Olympus Pro - Bonds as a Service for DeFi protocols.
Tune in on September 24th to learn about our pilot partners!
259
1K
2K
7
10
164
$OHM fud in a nutshell:
1. CT influencers *assume* OHM is a mutual fund
2. They proceed to value OHM according to NAV
3. They justify their narrative by pointing to price action
When your first assumption is wrong, your whole argument is wrong
OHM is not a mutual fund
4
16
162
If understood correctly,
@OlympusDAO
should
1. Run crowdload to secure parachain slot (one of 100)
2. Expand as L1 to kusama
3. Allow for dapps to be built on top of this L1.
Sounds a lot like Compound’s own chain but implemented on top of polkadot chain
Is this right?
19
16
159
Do you not realize how autistic i am?
I grew up in 3 radically diff economies and have never been more optimistic when I discovered $OHM economy
I'm ready to spend next 10 years realizing the vision that
@OlympusDAO
is
10
10
161
I don't know who needs to hear this:
$OHM price does not matter.
Why? In DeFi, prices are set by xy=k AMM pools.
Who owns all of $OHM liquidity? Olympus treasury.
So who controls the price? Olympus treasury.
This is literally what central banks do all the time.
25
24
161
We're currently brainstorming
@OlympusDAO
mobile app in
@wagmilabsinc
hackathon Discord!
Custom-built mobile app will drive the next 1M users to OHM. Some ideas on what this can look like 👇
Web3 devs we’ve got $100k in prizes and some really neat ideas for you to work at the Wagmi Labs Hackathon.
First 100 devs get $333 USDC if they participate. 206 in discord and 21 sign ups so far.
Brief thread 🧵 here on ideas articulated so far.
2
24
90
6
17
160
Olympus Pro doesn't just help protocols acquire their own liquidity
It helps them build liquidity strategies that create deepest liquidity for cheapest price
Liquidity-as-a-service platform
few
5
16
155
In <3 weeks,
@olympusDAO
grew their protocol-owned value to $9.4M. But it really took off with launch of Sales/Bonds, growing from $1.3M to $9.4M (+723%) in 2 wks Tomorrow, they're launching the next iteration of Bonds to supercharge that growth. Let's explore the implications:
7
29
159
$ETH maxis when they finna out everything is denominated in $OHM
8
7
152
I'm counting over 20 members that contributed to building Olympus Pro.
This is a testament to Olympus Pro
This is a testament to
@OlympusDAO
This is a testament to decentralized coordination
Feeling bullish AF on the future
2
15
151
Here's the thing.
Millennials brought TradFi to DeFi. It was easy: we asked what does Wall Street have & put it on the blockhain and got $YFI, $AAVE, $SUSHI.
Zoomers are reinventing FROM THE GROUND UP. Young. Determined. Intentional. Crypto-native. DeFi 2.0 $RGT $ALCX $OHM
oh noooooooo teeenage developers😱😱😱😱
run awayyyyyyyy!!!!!!!!
being able to drink alcohol is clearly a pre-requisite for publishing code onto a blockchain and developing world-changing products
sry vitalik but we gotta cancel ethereum u were too young when u wrote that
44
26
432
9
28
151
Props to
@ConcaveFi
for empowering their community
To get on whitelist, you can buy NFT created by a community member (not core team)
7
64
147
Sad to see what's happening to
@SushiSwap
I'd like to help if team is interested. I've helped build OlympusDAO from the ground up and can help with Sushi's re-org during this difficult time.
I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The chaos that is occurring now is unlikely to result in a resolution that will leave the DAO as much more of a shadow than it once was without a radical structural transformation.
4
4
108
11
11
148
Most
@OlympusDAO
members sit at the pinnacle of Maslow's hierarchy of human needs. This creates a virtuous cycle attracting best talent to ship the best product and 🔂 Never before seen in history, I believe we'll be the first DAO to rival Google/Amazon's legacy and productivity
9
29
142
15/n In conclusion,
1. Liquid backing is decreasing. This is not a failure; it's simply due to revenue + emissions structure.
2. There are actionable strategies to increase backing.
3. First strategy launching this week.
Onward Ohmies. Let's get liquid.
12
6
143
The fork to end all $OHM forks:
1. Take in $forkOHM into treasury in exchange for token
2. Market dump $forkOHM for $gOHM
3. Pair with $gOHM-X and farm ohm thanks to $100M in LM rewards (Proteus)
Is anyone working on this?
8
12
132
The Olympus Pro landing page is now live
Shout out to
@NyxianGenesis
@triton2030
@siferbel
@blokku_chan
@sayinshallah
for being a dope design team 🧑🎨🎨🖼️
#OlympusPro
5
26
138
December is quickly approaching on Mount Olympus
Forecast says there will be an Avalanche
Pro skiers only
9
12
132
The next wave of DeFi is building multi-chain liquidity pools and yield optimization strategies.
@AnyswapNetwork
is a crucial building block yet sits at a measly $180M market cap. Let's explore why I think it'll be the "bridge of DeFi" and why I'm bullish on its growth 👇
9
46
128
It's only 24 hours and more people are learning about
@BaselineMarkets
and its mechanics. Some developments i've seen:
- How it works
- Incorrect market cap
- Smart money flows
- Looping as emerging activity
- Memecoin tooling positioning
- Comeback arc
👇
7
27
135
For a true DeFi currency to exist, you need a) stability, b) deep liquidity, b) censorship-resistance.
3 projects at
@OlympusDAO
launching soon:
Range Bound Stability -> stability
Flex Loans -> deep liquidity
On-chain Governance -> censorship-resistance
$OHM is the future.
9
21
138
All algorithmic stablecoins aiming to be the Digital Currency are various interpretations of the same thing:
🌜🌜🌜Exchange Rate Policies🌛🌛🌛
This is a thread to better understand the landscape and know what's coming next 👇... or is it?
3
42
128
Vision idea: $OHM as reserve currency of *metaverse*.
The future is metaverse, not meatspace. As metaverse slowly takes over, in-game commerce starts to replace e-commerce as people start to transact in-app.
Games built on $ETH that use $OHM economy.
1
17
124
Alpha leak: is
@iearnfinance
secret team focused on cross-chain yield experiments. If succesful, this will bring massive TVL to
@AnyswapNetwork
and have significant impact on $YFI + $FTM + $ICE. Below, I go down this rabbit hole of a conspiracy theory 🐇🕳️
5
20
127
Thought I'd share some random thoughts on why $OHM bonds paper excites me.
For me, most interesting takeaway is that we're introducing native on-chain yield curves for the first time in DeFi.
Why care? 👇
1
29
133
10/10 What doesn’t break us makes us stronger. Olympus and Ohmies have been through the ringer but...
we’re alive
we’re executing and
we’re not stopping
Onwards ohmies!
4
12
127
Some people have asked me my target for $OHM
I'm not stopping until we're at $1T
#OHMto1T
When done right, DAO kickstart a growth loop that will grow protocol to $500M, $5B, $10B and $1T.
Very little infusion of VC growth capital is necessary unlike traditional companies
That's the promise of DAO and why I'm committed to seeing
@OlympusDAO
grow to $1T
4
2
47
5
16
120
#FOHMO3
commentary
@danielesesta
is crypto version of
@michael_saylor
Saylor is an *internet business* founder that uses his balance sheet to buy $BTC
Founder of a *crypto protocol* that uses his balance sheet to buy $OHM
Cool narrative that positions $OHM as DeFi currency
1
14
121
11/ Oh and more thing...
In next few weeks, we'll be launching a new way for protocols to raise community capital using a revolutionary product.
Ultimate goal is to eliminate barriers to capital so that anybody anywhere in the world can realize their vision.
3
7
119
$KLIMA has done an amazing job at democratizing access to carbon market while simultaneously making it liquid.
Gen Z about to discover they can save planet buying $KLIMA on their phones. I expect no less than $SHIB-style insanity.
6
19
119
I'm proud to announce I'm assuming the role of Mall Cop at
@OlympusDAO
Mall.
Any questionable behavior will be cited (to be paid in $OHM) from my Segway of power.
@sayinshallah
will get my first citation, airdropped as an NFT into his account.
3
0
119
We at
@OlympusDAO
aim to build the best DAO. What does that mean?
1. Community-driven: empowering the community to utilize their full potential
2. Results-oriented: get shit done, not just talk about it
3. Sustainable: build for the long-term
Some thoughts on each👇
2
16
112
Expanding on this... Protocols that buy & lock veOHM for 4 years get:
1. Perma-liquidity
2. Utilization of treasury $CVX, $TOKE, $FXS
3. Permissionless DAO-to-DAO swap
3
17
118
Amazing to watch this mobile experience:
1. Frictionless wallet onboarding
2. QR code to quickly receive $OHM
3. 4 clicks to send $OHM
4. Pay only $0.10 per tx thanks to gOHM-AVAX
@OlympusDAO
🤝
@WagmiLabsInc
blazing the trail, making lives easier for new and existing ohmies.
It's HERE!!! The Ohm App is nearly complete and fully operational on the Avalanche network. 🥳🥳🥳
It's been such a joy to be competing in the
@WagmiLabsInc
hackathon!
In this demo I send gOhm from the app to my Metamask wallet and receive it back.
26
49
287
6
14
117
Introducing "Wolf of $OHM Street"
A story about FUD, growth and eating ass ft.
@sayinshallah
Surprise appearance by the OG
@wolfofwallst
Coming to a metaverse near you
5
10
113
Happy to announce that we’re investing in $OHM big time after the Goldman Sachs report.
Im the head honcho at Digital Currency Group in case someone is wondering
4
10
110
The amount of startups building infrastructure for custodial, KYC, otc desks only means one thing...
7
11
108
Here's some code I wrote to track arbitrage opportunity for $WOOFY and $YFI. The short of it is that the opportunity is too small to be profitable.
Website:
Code:
0.002149 ETH arb opportunity possible as follows:
1. Buy 0.0261856 $YFI for 0.5ETH
2. Mint 26,185.60 $WOOFY for that $YFI
3. Sell that $WOOFY for 0.502149 $ETH
Increasing size erases profits and you'll lose on gas tx costs. Not ideal.
0
0
5
3
12
110
Close to securing an insane amount of carbon credits through an IRL broker.
With these carbon credits, i can offset:
* 80K roundtrips SFO ↔️ Seoul ✈️
* 790K roundtrips SF ↔️ LA 🚗
* 3.81 days of BTC emissions
$KLIMA about to get sent
6
6
101
Exploring
@RulerProtocol
and noticed you can currently get 913% APR on DAI (+8.72% in 3 days).
The caveat is that this is conditional on ETH staying above $2000 by Jun 30. This is effectively a call option on $2K ETH strike wrapped in a money market loan 🤯
Let's explore 👇
3
13
103
Thinking of starting an Ohmie Investment Club:
Your college investment club but with a twist - you’re earning 7000% APY on your investment even if you’re losing!
Fund Ohmie alumni doing cool shit - be value-add as partners
Friendliest VC in town
15
11
105
If the new ohm paper isn't your weekend reading right now, why are you in crypto?
10
7
100
Crypto is the tool to empower the voiceless, the minorities, the disenfranchised.
$OHM belongs to us all and it’s our obligation, as a community, to level the playing field.
@OlympusDAO
is occupying DeFi by moving cross-chain.
Universal access to opportunity
#OccupyDeFi
4
18
97
In talking with ohmies, one of the top issues I hear over and over again is "how is the treasury helping me as an $OHM holder"?
Lack of transparency certainly hasn't helped. It's time we change that.
Get ready for some big announcement this week 💪🙏
9
11
103
My thesis on catalysts behind growth at each stage:
Founders & the idea gets you to $0-$50M
Community gets you to $50M - $500M
The work DAO gets you to $500M+
If you lack community, hard to grow past $50M
If you lack a functioning DAO, hard for you to grow past $500M
4
29
98
Watching the fud makes me realize there's a disconnect between what the fudders think Olympus is building and what the DAO is actually building
The DAO has been going thru a restructure for past month that will improve communications around this
More details soon
4
5
93
It takes 1,554 eth buy pressure to call shift() in
@BaselineMarkets
again. Sounds scary but...
There's 3 things to consider:
1. Next shift will increase BLV by 15%
2. Those with leveraged exposure to YES benefit greatly from the increase in BLV
3. "only" 375 eth is needed to
13
11
93
Imagine reading this and thinking it's still a sub $10M market cap protocol
18
6
96
Shoutout to
@Treasure_NFT
for being one of the first to adopt MAGIC-OHM LP
If you're a founder/protocol looking to build up liquidity, talk to us (
@OlympusDAO
)
We've built up $245M of our liquidity and are now helping protocols build theirs
@unbanksyETH
@lootproject
@coolcatsnft
$MAGIC (
@Treasure_NFT
) is the appropriate handle
It'll be interesting to watch magic's adoption in its path to make all nfts productive; along with the ohm-magic pool 🦾🪙
0
1
11
2
16
95
- $YES trades at only +25% premium to guaranteed floor, has native leverage capabilities and is deeply liquid
- Team holds one of the largest bag of Blast Points + Gold to incentivize [redacted] and [redacted]
- Crypto is heading into a bullrun szn
I expect $yes to outperform ethereum
$yes is going to 1B in mcap sooner than you think
1
1
15
17
12
93
13/ If you're interested in exploring alternatives to venture capital, DM me or fill out this form:
7
2
91
Hard to sleep when we're at the precipice of DeFi 2.0. Some projects that have huge potential but still undervalued:
$ALCX - $131M market cap
$RGT - $149M
$MIST - $36M
$OXY - just launched
$ANC - launching soon (tonight!)
$OHM - launching soon
5
11
89
Can someone get us in touch with
@SushiSwap
?
We're tryna launch Proteus on Arbitrum and Polygon this week
10
5
87
DeFi is casino-infrastructure-as-a-service. Prove me wrong.
7
8
90
What stable asset should OlympusDAO add next? $UST? $RAI?
UST
1879
RAI
95
Other
70
See results
102
57
25
89
With a $494K daily capacity scheduled,
@OlympusDAO
inverse bonds will be able to market buy and burn 368K OHM (ex slippage) over a week.
This will push liquid backing up to $11.22 (from $11.03), a 16% change from current prices.
Next week will be interesting 👀
3
6
90
12/ btw, respect to
@a16z
for changing the VC game and actually providing value to founders.
@OlympusDAO
will revolutionize the game yet again.
2
4
87
Excited to see Design Team get off the ground at
@OlympusDAO
User experience in crypto is key in onboarding all 7.7B of us. Olympus is leading the charge thanks to this team.
5
7
87
The $BEAN yield curve is inefficient.
This means we can arb it!
Let's explore ways to do so and lock in 2.04x ROI on a stablecoin in the process 👇🧵
5
12
85
4/
1. VC capital becomes debt that must be paid back in value extraction from network participants. This weakens the competitive advantage against protocols that take no funds
2. VC create misaligned incentives in which protocols cater to interest of the few rather than many
1
5
81
Within 6 hours of launching, ohmies have helped
@gitcoin
reach 20% toward their goal.
Olympus Give is a game-changer in social impact and completely built by amazing DAO members.
Amazing work
@0xLienid
@88netizen
@AcidPunk0x
@_nd_go
@wollemipine
@0xGlue
@mattjss
@cryptomook
2
8
80
Hate $OHM? Want to exit?
Grab your 3.72% discount now.
Brought to you by Olympus Inverse Bonds.
4
9
78
I'll be real. I'm fking bullish on Olympus V3. It's the culmination of a massive experiment in social coordination of global talent across functions and product lines working toward a singular vision to become "the decentralized reserve currency of DeFi".
This is true crypto.
3
10
75
Technically,
@OlympusDAO
can replace FTX's prime brokerage service going forward.
Yes, we're smaller ($250M) but have monetary authority to mint $OHM to meet various liquidity needs in the industry.
Starting with Range Bound Stability next week.
3
10
78
Excited to see
@VoltProtocol
as the first project funded by
@Olympusincubate
:
1. No VCs in the round. Completely funded by DAOs & crypto natives.
2. Stablecoin design using gOHM
3. Partner DAOs incentivized from day 1 with 6% supply
@OneTrueKirk
setting the standard 👌
The Olympus Incubator is proud to announce its first launch partner:
⚡ Volt: a floating price stablecoin backed by collateral assets. We're joining forces to help them with liquidity ownership!
To learn more, join our AMA with founder OneTrueKirk on Nov 22 at 3PM PST.
14
68
499
3
10
78
Best analogy so far.
OlympusDAO contributors have been working non-stop since launch. They deserve a break during holidays to recharge and prepare for face melt 2022
Fudding $ohm bond revenue right now is like fudding the NFL because viewership numbers are low during the off-season
0
5
63
4
5
75
This December, give your thanks to
@OlympusDAO
devs 💪🔨🏦
2
4
75