Pinned Tweet
Unbelievably proud of what our team accomplished this week 🎥
3 full days of (almost, rip arena internet) uninterrupted streaming from spitting distance of the main stage
~40 guests, both suits and hoodies alike
~22 hours of authentic, unfiltered, content
- 1 crystal-clear tive coverage of everything happening on Solana
Huge thanks to all our incredible guests who joined us in the sauna for a bit of banter, and to @SolanaConf for putting on such a spectacle
Massive s/o to the amazing off-camera SF team, who crushed it behind the scenes and without whom none of this would even be possible:
@awaisafzal_
@JackDowr101
@ario_57_
@ideyquickvex
@danielraghu_
And of course, the brilliant @miakoddda who orchestrates everything from the top with absolute class, precision, and elegance 🌟
Never been more exhilarated about our trajectory - not stopping till we’re the greatest news & media company we can possibly be
BP 26 in London can’t come soon enough 🇬🇧
3 full days of (almost, rip arena internet) uninterrupted streaming from spitting distance of the main stage
~40 guests, both suits and hoodies alike
~22 hours of authentic, unfiltered, content
- 1 crystal-clear tive coverage of everything happening on Solana
Huge thanks to all our incredible guests who joined us in the sauna for a bit of banter, and to @SolanaConf for putting on such a spectacle
Massive s/o to the amazing off-camera SF team, who crushed it behind the scenes and without whom none of this would even be possible:
@awaisafzal_
@JackDowr101
@ario_57_
@ideyquickvex
@danielraghu_
And of course, the brilliant @miakoddda who orchestrates everything from the top with absolute class, precision, and elegance 🌟
Never been more exhilarated about our trajectory - not stopping till we’re the greatest news & media company we can possibly be
BP 26 in London can’t come soon enough 🇬🇧
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gud breakdown for the kinetiq:native enjoyers
The wealth effect of kinetiq:native is about to begin, sparking an onchain movement similar to when Solana generated a wealth effect and started a multi-year onchain bull run.
Some of the best times of trenching were during the Solana wealth effect era. When it had ran from $8 to $290 over 2 years, onchain flourished incredibly well and many traders were able to achieve generational wealth.
We are seeing the same exact setup on kinetiq:native, and have built @AscendLaunch the most participant-aligned launchpad, built on Elysium, the value-accretive L2.
For the first time, an L2 and its leading launchpad are aligned around growing ecosystem value rather than extracting it.
We have positioned the premier launchpad as value-accretive to the entire Elysium ecosystem, from the foundation ($HYPE) to the Layer 2 (kinetiq:native) and finally to participants on our launchpad (traders, stakers, and builders).
Rather than develop a launchpad token, we have chosen to adopt kinetiq:native as our protocol token, and have made major improvements to our tokenomics upping our KNTQ buybacks to 80% of protocol fees going into buying KNTQ, burning it, and deploying it strategically.
This, paired with 50% of Elysium sequencer fees going to buying back and burning kinetiq:native makes the setup extremely asymmetrical.
We believe that if kinetiq:native does well, so will onchain, which will mean that Ascend does well making our participants have an even stronger flywheel. KNTQ does well -> Elysium does well -> Ascend does well -> Traders, builders, stakers do well -> KNTQ does well. This is the flywheel and wealth effect we expect to see with kinetiq:native.
The problem: Traditional launchpads extract liquidity through competing protocol tokens, fees that leave the ecosystem, and little sustained demand for launched tokens.
Our solution: No protocol token. Instead, Ascend has adopted kinetiq:native as our protocol token. 90% of Ascend protocol fees buy back KNTQ (80%) and HYPE (20%). The remaining 10% is the team treasury.
Staking: Users stake HYPE via kHYPE on Ascend, directing yield toward ecosystem token buybacks while earning four reward streams: HYPE, ecosystem tokens, KNTQ, and boosted DEX referral fees.
20% HYPE allocation:
- 50% Staker rewards
- 50% Protocol-owned staked HYPE on Ascend
80% KNTQ allocation:
- 40% Burnt
- 60% deployed strategically across ecosystem token buybacks, Ascend points program, protocol-owned KNTQ LP across Ascend token pools + kHYPE
- Traders: No competing protocol token extracting liquidity from their positions. Ecosystem buybacks from protocol fees + staking yield.
- Tokens: Recurring buybacks funded by protocol fees and staker yield. Supported LP depth from Ascend treasury.
- Builders: No launchpad token competing for liquidity, grants, launches with dedicated buyback support through Ascended listings, and a growth path to HyperCore spot and HIP-3 perps facilitated by Kinetiq's HIP-3 Perps DEX, as well as rev share from Ascend via our Strategic Partnerships.
- Stakers: Multiple reward streams while supporting ecosystem growth.
Unlocking new capital: Rather than recycling the same liquidity across Solana, Base, and Robinhood, Ascend gives HYPE holders a way to deploy sidelined capital into new ecosystem launches.
The Elysium advantage: While other L2s retain sequencer revenue, Elysium directs 50% toward KNTQ buybacks and 25% toward builders.
Ascend commits 100% of its sequencer-fee allocation to grants for builders launching on Ascend, creating a powerful incentive to build on Elysium instead of competing ecosystems such as Base & Robinhood.
The scale: At $5M/month in Elysium sequencer fees, a 10% allocation to Ascend would generate $500K/month in builder incentives, funding grants, HyperCore spot listings, AMM liquidity, etc.
For reference, Robinhood generated $14M in sequencer fees in a 30-day period, while Base generated approximately $75m in a 1 year period.
Further, the buyback effect of a top launchpad on HYPE, KNTQ, and ecosystem tokens are significant.
In September, the 30d total of fees generated across top launchpads: PUMP ($165M), PONS ($132M), Flap ($41M), Stonkfun ($27M). At scale, Ascend would contribute mid 6-figures to low 7-figures of daily buybacks to HYPE & KNTQ.
The vision: Make Ascend the obvious place to build, trade, and stake. Stakers are the backbone of Ascend, and will receive many benefits of the protocol's success with many rev shares in place.
Builders are attracted by grants, sustained buyback support, a clear path to HyperCore spot and HIP-3 Perps through Kinetiq, and eventually becoming an Ascend Strategic Partner.
Traders are attracted by PVE tokenomics where protocol activity strengthens the ecosystem instead of extracting from it.
Together, these create a flywheel: better incentives attract better builders, better launches attract more traders, and more activity drives even greater buyback support and ecosystem growth.
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Finn retweeted
Druck, Elon, and co all taking the HYPE pill (as they should)
Swaps just hit $100+ on HyperEVM
@Enter_Elysium fixes this, the House of All Finance means dominating on *all* fronts
See you there
e/acc
Swaps just hit $100+ on HyperEVM
@Enter_Elysium fixes this, the House of All Finance means dominating on *all* fronts
See you there
e/acc
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Druck, Elon, and ICE all shilling Hyperliquid 10 days before the launch of a value-accretive, general-purpose chain that solves the constraints of HyperEVM.
@0xOmnia's scriptwriters cooked here
@0xOmnia's scriptwriters cooked here
A New Era for Hyperliquid, November 9th.
See you on Elysium mainnet.
e/acc
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Does this make me an insidooor?
Bullish thesis on $HYPE yesterday at trading floor by Finn @solace_fm from Solana Floor.
Aped in with $200 using smart fill on @jtx_trade for the best execution
HYPE is up ~10% today🔥
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so is ICE just partnering with everybody to have as many shots on goal as poss as they roll out 27/7 markets?
as I understand it, OKX, LayerZero Atlas, Securitize, and now Hyperliquid/TradeXYZ are all rubbing shoulders with ICE
who wins?
as I understand it, OKX, LayerZero Atlas, Securitize, and now Hyperliquid/TradeXYZ are all rubbing shoulders with ICE
who wins?
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My biggest gripe with @BackpackOnchain has been solved
Things you absolutely love to see
Kamino masterclass
Things you absolutely love to see
Kamino masterclass
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
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great fit
the @temporal_xyz guys are obviously blisteringly intelligent, and @marcryptonio is an elite ball-knower who can play the game as well as anyone
looking forward to seeing what comes from this
a W for Solana DeFi
the @temporal_xyz guys are obviously blisteringly intelligent, and @marcryptonio is an elite ball-knower who can play the game as well as anyone
looking forward to seeing what comes from this
a W for Solana DeFi
🚨JUST IN: Ex-@galaxyhq Digital DeFi Chief @marcryptonio Takes the Helm at @temporal_xyz
✍️ @solace_fm
solanafloor.com/news/ex-galaxy…
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Finn retweeted
liquid crypto will be the best arena in the world to be in over the next 12-24 months
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this is pretty sick because if you’re a seeker builder or developer, the TAM for your apps just went from 200k to over 8M
Massive W for @solanamobile
Massive W for @solanamobile
BREAKING: @solanamobile Rolls Out First Hardware Expansion Partner in @Ledger Atom
✍️ @solace_fm
solanafloor.com/news/solana-mo…
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don't wanna be that guy,
but you could've protected yourself from these harsh pullbacks by tuning into tradingFloor over the past 2-3 weeks
learn to play defence as well
but you could've protected yourself from these harsh pullbacks by tuning into tradingFloor over the past 2-3 weeks
learn to play defence as well
Are we hitting a local top in the market right now?
Finn Miller breaks down the recent altcoin pumps, potential pullback risks ahead of upcoming token events and US midterms, and whether it's the right time to allocate more funds or hold position
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people who demonized solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp for its lack of value accrual and utility are starting to run out of arguments
speculators want buyback & burns
CC is doing that to a degree, but this gamified feature provides a mechanic through which the team can incentivize their core user base to give tokens back to the company
reading between the lines...
even CC wants more solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
since when has a crypto company ever wanted more of its own token? bullish
disc. I own this asset (obvs)
speculators want buyback & burns
CC is doing that to a degree, but this gamified feature provides a mechanic through which the team can incentivize their core user base to give tokens back to the company
reading between the lines...
even CC wants more solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
since when has a crypto company ever wanted more of its own token? bullish
disc. I own this asset (obvs)
Card club members already knew about this, testing the new feature.
How it works is (at the moment)
- Select an epic card you want to prioritize
- If you hit an epic, 5% chance it will be that one
- Can select up to 5 at a time -> 25% chance it will be one of your picks
- Amount of solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp needed per pick depends on the value of the card (higher epics = more CARDS costs)
Other than a new token sink, this feature is significant because it closes the loop of integrating the token into the protocol:
- Use solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp to get preferred epics in the gacha
- Hold solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp to receive free spins
Closing this loop may give them more room to speak clearly about token buybacks under the SEC/CFTC guidelines.
This will all obviously take time, but it is yet another sign that the team is aligned with the solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp token.
Higher
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Outperformance in this cycle will come from holding any of the 10-15 investable companies building in this industry
KK bang on here - being one of a thousand CT Buzz Lightyears will actually work out in your favor
KK bang on here - being one of a thousand CT Buzz Lightyears will actually work out in your favor
I've been trying to emphasize this for a while now.
We've just been beta testing and PvP'ing our way to having on chain businesses that are actually investable and demonstrably superior to TradFi alternatives, and the sidelined TradFi money is finally starting to form conclusions on the real tokens worth a punt.
TradFi career risk has materially shifted from those who invested in crypto too early to those who don't have a 6-12 month outlook on tokenization, stablecoins, etc. Nobody wants to be caught flat footed.
Guys who laughed me out of the building two years ago are hitting me back up and showing a genuine desire to understand the space. You'd be shocked at some of the tickers these guys are dropping.
The conversation has shifted from
"Why should I invest in this industry",
To
"What should I invest into in this industry"
But they want to bet on clear winners. Expect dispersion to get worse; the name of the game is to identify what the crypto Mag7 will be.
Resist the temptation to get too creative in the trenches. It's a pretty good time to be one of a thousand Buzz Lightyear.
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Been playing around with this the last few days/weeks
UI is delightfully simple, which is key if crypto bums are ever going to actually embrace these instruments
UI is delightfully simple, which is key if crypto bums are ever going to actually embrace these instruments
Dream V2 is live.
Trade options on BTC, ETH, SOL, HYPE, PUMP, LIT and more.
Institutional-grade liquidity paired with an interface anyone can use.
The options market is finally open to everyone.
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majors and large caps cooling off
capital moving further down the curve and pumping smaller alts with no changes in mechanical value
okay...
capital moving further down the curve and pumping smaller alts with no changes in mechanical value
okay...
you're telling me the CFTC posted a hype vid with cryptopunks and Yeezus in the background and the only thing that pumped was...
ADA?
... shocktober flush?
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I really like this
two teams I deeply respect joining forces to become something bigger than the sum of their parts
congrats @orca_so congrats @Loopscale
two teams I deeply respect joining forces to become something bigger than the sum of their parts
congrats @orca_so congrats @Loopscale
Introducing Formation.
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