Crunchyice (@CrunchyIce68) header
Crunchyice (@CrunchyIce68) profile picture
Joined July 2023
Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)Photo by Crunchyice (@CrunchyIce68)
Crunchyice retweeted
A new perps DEX just went live on #Cardano: @ATLAS_DEFI_ is in Mainnet Beta. How it works (per their docs): • Stablecoin collateral, long or short • Orders are created from your own wallet and settled on-chain • One shared Vault is the counterparty; LPs earn borrow fees but can lose value • Fees: 0.20% to open + 1 ADA network fee Beta limits right now: • $BTC/USD only • Max 5x leverage • 30 min collateral, 300 max position size Early numbers they shared: • Vault approaching $60K • ~91% of $ATLAS staked Planned, not live yet: • $ADA, $SOL, $ETH & $XRP perps • Up to 15-20x leverage • One-click multi-asset collateral & vault deposits • $ATLAS rewards page Good to see on-chain DeFi grow on Cardano. But beta + leverage = keep size small. Would you trade perps on-chain, or provide liquidity to the Vault? $ADA
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Crunchyice retweeted
RARIBLE UNSEALED - VAULTLINGS nitter.cf/i/broadcasts/2aWbqzlXz…
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When it comes to the Cardano Treasury at this point in the game, I think those funds should be used for maintaining Cardano, improvements to Cardano, real marketing of Cardano and forms of project support with repayment plans. As far as I'm concerned, the days of cashing out from the Treasury for ideas and ventures that bring nothing to the chain but fun mentions, ego masturbation or green peace posturing just dont sit well with me anymore. The wasteful spending days are over. I've been very accommodating for years in efforts to give everyone a shot at building something ground breaking, to achieve greatness on chain. I've watched company start on Cardano to obtain community support just to jump ship to other chains where they felt the grass would be greener when to me, it would appear their execution resulted in lack of interest or growth and Cardano was blamed. Where are they now? I'm tired of seeing Cardano be used, bullied and otherwise bled by ALL parties with their thumb in the pie while so many of us continue working for free, taken for granted and acting as the front line infantry taking the shots for the officers as they sit on their horses upon the distant hills overlooking the fray below. It's time for a real change in how us Dreps are treated, how the power entities operate in "Cardano's" favor or not, and how the Treasury is handled. Why do we have founding entities with endless ADA at their disposal, more worried about collecting voting power and supporting interests that do nothing for Cardano instead of just funding these efforts themselves? If these proposals were worthy of Treasury funds, are they not worthy of being funded by the entities that support them? If not, why should we support them? I want to see everyone succeed, prosper, innovate and compete, but the rules need to change once and for all and people need to start adding more of their own skin in the game. It's not 2017 anymore.
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Who is still bullish on $ADA? Raise a hand🖐🏻
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NEWS: Atlas has launched a decentralized perpetuals DEX on Cardano. Users can trade crypto assets with stablecoin collateral, using market or limit orders, and manage their positions with take-profit and stop-loss orders. Another addition to Cardano DeFi. 👏
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Crunchyice retweeted
🚀 VAULTLINGS JUST CRACKED THE $200 FLOOR! 🔥 @VaultlingsNFT The vault is heating up. 🔓💰 The community is growing. The floor is rising. And the Vaultlings are just getting started. 📈 $200 isn’t the finish line. It’s the opening chapter. 🏆 @crypto_czar_eth THUS IT BEGINS
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Happy Halloween @ZombieChains let’s go pumpkin heads!!
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Crunchyice retweeted
Binance has committed its own balance sheet to making customers whole. I expect it to deliver. Our industry will learn from this incident, strengthen security, and emerge stronger and more resilient.
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds. The company has already publicly committed to cover losses through company funds in the prior announcement. Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can. These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves. We will weather this storm. Thank you for the support.
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Crunchyice retweeted
Imagine being given 3 Billion ADA, with the 3 Billion ADA all you ship is a wallet in 8 years. You then use this wallet to get 18% of Cardano's voting power by giving showing no other dReps other than your own. Without educating the user on what a dRep is, or what you'll even vote for. To delegate to any other dRep you had to have a 56 char hash from another website. You then vibe code a closed source update. Ship it, resulting in millions lost from regular people. Backlash comes, you say you will dereg your keys. But then still vote on spending treasury money. That's Emurgo. You literally can't make this shit up.
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Crunchyice retweeted
From today’s Binance hack, no $ADA or $NIGHT tokens were stolen. And for a good reason: - The attackers compromised a hot wallet key and an internal signing service, the same class of breach that has drained other exchanges before. But the ADA and NIGHT balances were not sitting in a simple account style hot wallet. They were held in a Cardano multi signature script (eUTxO) that required an additional on chain authorization from a separate, air gapped key controlled by a different team, plus a timelock that only released after a short challenge window. - Midnight’s privacy layer added a second practical obstacle: the precise amounts and destination addresses were shielded with zk proofs. The attackers could see that “some” assets existed, but they could not confirm exact balances or craft a clean withdrawal transaction without generating valid selective disclosure proofs they did not possess. By the time they realized the funds were not freely spendable under the compromised key, the internal response team had already rotated the remaining signers and frozen the script. - The only assets that left the platform were tokens that relied purely on centralized hot wallet controls. ADA and NIGHT stayed put because their movement was gated by on chain script conditions and privacy constraints that the stolen credentials alone could not satisfy. In short: the keys were compromised, the script conditions and zk requirements were not.
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Crunchyice retweeted
Built on Cardano. Expanded to Robinhood Chain. Powered by the same mission: Making real-world revenue-generating assets accessible to more communities. Stay tuned, it will be an exciting week
we learned bankfi has actual infrastructure behind us bitcoin mining mobile networks very important financial machinery we offered to help they've begged us to stay away from the equipment
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Crunchyice retweeted
This is one of the best stories of the year.
LOVE IT!!! Red Baron just publicly stood behind Walter, the worker America rallied around today. Their words… "He's still here. He's got a fan club. Including us." Fans pushed his fundraiser past $340K, and Higgsfield AI chipped in $30,000. Hard work still wins in this country. I'm buying a Red Baron tonight!
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IT'S OFFICIAL. ATLAS PUBLIC MAINNET — NOVEMBER 1ST. Months of building. Multiple testnets. Countless hours of development. Audits. Fully On-Chain on Cardano. Now it's time for the real thing. - Fully On-Chain Perpetuals - Unified Stablecoin Vault - Atlas Stars Season 1 A new chapter for Cardano DeFi begins.
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Night shift @ZombieChains extra ice please !!!
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