Pinned Tweet
My chat with @josh_pwrk the CTO of @DeriveXYZ is live!
We talked about how Derive got here, the challenges the team faced along the way and what users can expect from V3.
Huge thanks to the Derive team for bringing me out to SF for this 👏
A closer look at our thinking behind V3.
Our CTO @josh_pwrk sat down with @Nomaticcap to talk through how we got here, why we chose Ethereum and ZK, and where we think onchain finance is headed.
We've spent five years building onchain options and learning from the traders who use them. Josh shares the lessons behind V3 and why we want to make it easier for others to build alongside us.
Watch the full conversation below.
I could say a lot about this, but what I will say is, friends that are newer to crypto always ask me why I don't trade my core holdings more.
I can't remember the exact numbers or who to attribute this to, but essentially, Bitcoin (and crypto broadly) makes most of its gains in just 10 days each year. Miss those days, and your returns can turn negative.
I don't have the ability to time those moves so I just hodl like a luddite pleb.
If you are mid to long term bullish, but derisking short term
You are expressing the opinion that you will beat the market twice in the short term
First time that you will derisk high enough and second time you will be able to buy back in low enough
That's two additional short term trades you need to nail on top of your long term view
Bet you don’t know which famous investor was one of @Zcash's earliest backers 🤔
We also ask who’s been the main buyer of $ZEC lately.
Both in the clip below. Full conversation in the quoted post 👇
🎙️ New @Edge_Pod
📈 The Zcash Comeback: Why Insiders Say ZEC’s Price Run Isn’t A Fluke — And Just The Beginning
0:00 - Intro
2:46 - Zaki and Sudo’s background
7:04 - What drew Zaki and Sudo to Zcash full time
12:52 - What triggered the price run for ZEC
19:02 - Two phases of Zcash’s redemption
22:04 - Why Zcash is special vs other chains
25:10 - The privacy toggle in Zodl
29:40 - How to buy ZEC privately
32:55 - The Orchard pool vulnerability
43:09 - Will shielded ZEC be safe in a PQ-world?
45:19 - Could minted ZEC be hiding in Orchard?
48:17 - The ecosystem map for Zcash
51:32 - Cypherpunk’s role (CYPH) in Zcash
54:50 - PoW vs PoS debate in Zcash
57:09 - How Zcash governance actually works
1:03:54 - What is Sovright building for Zcash?
1:08:37 - What DeFi's possible for ZEC in the future?
1:13:57 - Why Zcash is the "middle thing"
1:17:03 - Closing
🙏 Thanks to @sovright_ Project Lead @sudo_ml and Head of Engineering @zmanian for joining us!
Nomatic retweeted
🎙️ New @Edge_Pod
📈 The Zcash Comeback: Why Insiders Say ZEC’s Price Run Isn’t A Fluke — And Just The Beginning
0:00 - Intro
2:46 - Zaki and Sudo’s background
7:04 - What drew Zaki and Sudo to Zcash full time
12:52 - What triggered the price run for ZEC
19:02 - Two phases of Zcash’s redemption
22:04 - Why Zcash is special vs other chains
25:10 - The privacy toggle in Zodl
29:40 - How to buy ZEC privately
32:55 - The Orchard pool vulnerability
43:09 - Will shielded ZEC be safe in a PQ-world?
45:19 - Could minted ZEC be hiding in Orchard?
48:17 - The ecosystem map for Zcash
51:32 - Cypherpunk’s role (CYPH) in Zcash
54:50 - PoW vs PoS debate in Zcash
57:09 - How Zcash governance actually works
1:03:54 - What is Sovright building for Zcash?
1:08:37 - What DeFi's possible for ZEC in the future?
1:13:57 - Why Zcash is the "middle thing"
1:17:03 - Closing
🙏 Thanks to @sovright_ Project Lead @sudo_ml and Head of Engineering @zmanian for joining us!
Nomatic retweeted
New @Edge_Pod!
A few years ago, Zcash looked almost dead.
A lot changed: price is up 40x, zcash:native wallets work, and there's huge flows into ZEC.
These Zcash builders say the price run is no fluke.
"It's not like we did the year of Zcash and it's over now. It's just the start."
I published this article on @metricxyz yesterday in our free newsletter to all subscribers, but wanted to share here on X as well.
I added a few updates, including some very simple assumptions I'm making on generating points/LP strategy:
Nomatic retweeted
@aeroxyz launch today! ✈️
@Trueo_ x @DefiLlama rev+exploit PMs live 🦙
@mezzanine_fi risk tranched vaults live soon 🏦
@DeriveXYZ V3 just did $1.07B notional in a week 🐎
@puffer_unifi x Google Cloud will run infra on Eth
ethereum:native inflation is <1% since the Merge 🔥
Ethereum and its builders are thriving ✊
This is my quant 👇
ETH supply is up about 1% since the Merge.
In the same time period:
> solana:So11111111111111111111111111111111111111112 supply grew 66%, from 354M to about 589M.
> ripple:native supply grew 27%, from 49.83B to about 63.1B.
> cardano:native supply grew about 10%, from 34.18B to about 37.5B to 38B.
> bitcoin:native supply grew 4.96%, from 19.15M to about 20.10M.
> ethereum:native supply grew 1.0%, from 120.52M to about 121.7M.
Is @metricxyz The Biggest Opportunity Since Hyperliquid?
I wrote about why I think it could be.
What I like about the “Morpho of DEXs,” the risks I’m still digging into and why I’m planning to LP ahead of a potential airdrop.
the-edge.xyz/p/is-metric-the…
RT @DeFi_Dad: Is @RAILGUN_Project a mixer? No!
But Railgun is a privacy tool!
@tsu_kareta explains how it differs, offering privacy for y…
This quoted post is unavailable.
Nomatic retweeted
Last month @Nomaticcap asked in @edge_pod if Orbio's demand comes from AI users or token traders.
The chain can answer: agents earned $108k of compute-only AI balance, but put 3.7% of their CREDIT to work. 78% moved out.
Does that change your read?
Nomatic retweeted
MAYBE I WAS WRONG ABOUT BLOCKCHAIN TECHNOLOGY
I wrote about how I always used to make fun of the guys who said things like "Bitcoin is speculative, but the underlying blockchain technology is interesting." And now I think maybe they kinda had a point.
Nomatic retweeted
Fiskantes reminded me of @zeroxkyle's pitch for robinhood:0xaa07a0e9209e16ac99708c3ec70159c6ef3128a3 on a recent @edge_pod.
At the time, ORBIO was in an uptrend, days shy of an ATH $0.12 and tbf has retraced 85% to $0.02 since.
His thesis stands: great founder, novel product, good vertical (tokenized inference markets)
How is @Zcash and @RAILGUN_Project different in under 2 min 👇
What if you could get Zcash-style privacy without leaving your ETH, stablecoins, or DeFibehind?
“A lot of the design language, if you will, and, like, the architecture of Railgun definitely tips its hat to Zcash. I don’t think we make any bones about that.
“A lot of the premises, like, the shielding, for example, come from that nomenclature.”
“What makes it different is that, you know, Zcash is, you know, primarily for ZEC. Now they’re … talking about shielded assets and this sort of thing that might come to fruition in the future, which could be really interesting. But the way it exists today, it’s for ZEC.”
“And what Railgun is designed to do is be that sort of shielded mechanism for ETH, USDT, DAI, stablecoins.
“If we look at the transactions that are happening in crypto, the number one thing is send stablecoins to somewhere. Like, people wanna use stablecoins.”
“And so, yeah, I think that that’s really the … big difference: the access to DeFi and to stablecoins.”
ft. @DeFi_Dad, @Nomaticcap & @tsu_kareta of @RAILGUN_Project
