RT Ignas | DeFi (@DefiIgnas)Etherfi's $ETHFI trades at 3x the market cap of Eigenlayer's $EIGEN.Or 1.3x the FDV.Let that sink in:An app that started as a liquid restaking wrapper on Eigenlayer now trades higher than the protocol it depended on.Etherfi pivoted to a credit card with a cashback. Nothing too fancy and multiple competitors do the same thing (although most are debit cards).Eigenlayer also pivoted to EigenCloud: verifiable cloud computing with EigenDA, EigenCompute, and EigenVerify.EigenCloud is t ...

RT Ignas | DeFi (@DefiIgnas)Unpopular take: MegaETH should launch a points campaign to drive activity.Points and airdrops are taboo after high FDV launches and mercenary capital leaving post-TGE.But the market is different now.First, MegaETH points would be THE talking point of CT because nothing else is happening onchain.They'd have total attention monopoly.Capital wants to flow somewhere but R/R looks bad everywhere.Second, we learnt lessons on what works. Or more on what doesn't.I liked Sonic's campaign ...

His last message was last year.Almost 2 months of no posting. https://t.co/l9b5B8bwYJ ...

CEO of Sonic steps down with THIS?He doesn't even try. Doesn't care.Can't believe I once spend time researching and depositing capital on S. https://t.co/2BpJt26moy ...

The DAO had also voted on a friendly fork procedures.All we need is a vote of YES from Aave Labs. https://t.co/EPPnJJ2ld0 ...

- Aave V4 run by Aave Labs- Aave v3 by BGD+ACIIt would not be the best outcome for $AAVE holders (by a mile) but if they want to shut down the v3 ASAP, it's the one that would be ... entertaining.Yet Aave Labs holds enough $AAVE tokens to block any vote 'giving' v3 to the DAO. It would include building a new brand as well.Thus highly unlikely.wishful_cynic (@EvgenyGaevoy):6) On top of that nothing stops BGD+ACI to launch a "Just use AAVE Classic", further eating into market share (and actually having a diff ...

No 1. PMF of crypto is making early believers rich. ...

Aave down on the news.So much winning. https://t.co/tQNPDp5oDX ...

"Most of the revenue V3 generates today is driven by their code and innovations.They saved Aave more than once."https://t.co/VVNfY4i2XEMarc ”七十 Billy” Zeller (@Marczeller):I need time to process this one.BGD was founded by Aave's former CTO and head of backend/frontend. They built V3.1 through V3.7, Gov V3, Umbrella, the safety module rewrite, and so much more.Most of the revenue V3 generates today is driven by their code and innovations.They ...

BGD Labs are rage quitting Aave DAO after 4 years.They built Aave v3, governance infra, Umbrella, and most core systems.Why they're leaving:- Aave Labs pivoted from independent company to central contributor pushing v4- Aave Labs controls the brand, comms, and has voting power to influence major votes- v4 promotion came with criticism of v3, the system that dominates DeFi lending- Zero collaboration on v4. Aave Labs built it alone, expects others to advise unpaid- Proposed v3 deprecation: worse parameters t ...