Marc Zeller

@lemiscate

@Aavechan

founder Aave DAO service provider aavechan.eth.limo

gotchiverseJoined November 2013

2,419 Following

79.1K Followers

Marc Zeller 👻 💜 🦇🔊’s Tweets

Pinned Tweet

Marc Zeller

@lemiscate

Dec 19, 2022

I have some personal news to share: Friday was my last day at AaveCo, and today is my first day as a full-time DAO delegate at the Aave-chan Initiative (ACI). If you'd like to learn more about ACI and delegate to Aavechan.eth, please follow this link 👇: governance.aave.com/t/aave-chan-in.

governance.aave.com

Aave Chan Initiative Delegate platform

Aave Chan Initiative Delegate platform Key Info Delegate Address: Aavechan.eth Telegram: @Lemiscate Discord: Marczeller | Aave#3432 Twitter: https://twitter.com/lemiscate (founder) https://twitter....

434

Happy to welcome Marc Zeller

@lemiscate

, founder of the

@AaveChan

Initiative, as a speaker at the #Web3eurosummit. Join the #web3 Summit: web3eurosummit.eu #EW3S

131

As always, Aave is decentralized, my tweets only represent ACI's vision, as delegate platform & Service provider for the Aave DAO. If you own $AAVE, you own Aave. Governance will decide.

Aave revenue is high via stables positions during bulls (size and % paid are high) but thx to emode, now revenue is climbing fast with LST lev trades allowing a good and sustainable "bear"&"bull" revenue source I don't think "gradual SM transition" if gov like it will take long

in the early days, GHO safety module revenue will be tiny and CT will laugh & rant as 'not worth the gas to claim' but important is directionnality and achieve long term sustainability.

I'm not in favor of buybacks ACI vision: GHO released -> AIP to give % of revenue to Safety module Aave revenue -> pay DAO service providers, regularly vote to stream "excess" to SM in ETH slowly decay AAVE Safety incentives to mid term completely replace them by ETH&GHO yield.

Quote Tweet

Benjamin.lens

@Benjamin918_

May 18

great to see protocols increasingly focusing on the fundamentals of their projects $LDO should be tied to the success of @LidoFinance not a fan of buybacks tho, as it's just delayed sell pressure. But generally good direction research.lido.fi/t/proposal-int

celebrating Privacy @ETHDam

@Sismo_eth

May 18

Inspired by ETHDam, we want to celebrate privacy! 🎭🌼 Users of

@TornadoCash

with a

@gitcoinpassport

can enter a privacy-preserving lottery to win a printed "Privacy Is Normal " artwork 💜 The first 1000 participants will receive the NFT version. 👉 spaces.sismo.io/privacy-is-nor 🧵

146

for trezor: there's no secure element chip. there's no attestation to prove it's a genuine device without tempering. prove me wrong and I'll change my mind

Also Safe with 2/3 sig you have 2 Ledgers, one you keep with you, one you hide and is hard to reach. and "hotwallet" for convenience is far from perfect but good convenience/safety ratio. you'll get used to sign twice stuff. It's fine rotate keys in multisig from time to time.

I'm not the target audience of Ledger Recovery so won't use it. What they're not telling you: if you combo your ledger with MM/rabby/Frame (you should) firmware updates are not very relevant, stuff will work fine. if there's an important safety update in the future u will know.

Summary: Ledger: great product, bad leadership, terrible comms, good price Gridplus: great product, bad design (the stuff is the size of a toaster), very expensive Ngrave: seems good product, "young", a bit pricey trezor: bad product All of them: better than just Hotwallet.

274

Another safety module in the making Looks like AAVE economics aren't that bad after all

Quote Tweet

Sisyphus

@0xSisyphus

May 17

Lido staking proposal live to allocate revenue pool (which btw, is pretty big - 10% of all stake) and give it to tokenholders. It's like Maker, but if it was good research.lido.fi/t/proposal-int

Yesterday with

we spent an hour with Ledger CTO

@P3b7_

. we discussed in details the new

@Ledger

firmware update and Ledger Recovery service. spoiler: ur ledger safu. (sorry we don't do clickbait)

youtube.com

CRYPTO / BITCOIN

LEDGER MaJ RÉPONSE aux QUESTIONS

CTO Charles...

Le marché #crypto #bitcoin en émoi suite à l'annonce de Ledger le géant français des hardware wallet, proposant une alternative de récupération de clé privée...

111

After months of building at

@AtlendisLabs

, Atlendis V2 is now live at app.atlendis.io This is a major step towards addressing better the needs of our Fintech borrowers while significantly improving our lender's experience. Let's explore our latest features 🧵

has integrated #Chainlink Automation into

@AaveAave

to help automatically move Aave Governance V2 and Aave Cross-Chain-Governance through proposal stages. Discover why Automation is needed for seamless, decentralized governance processes ⬇️

prnewswire.com

BGD Labs Announces Integration of Chainlink Automation to Help Automatically Execute Governance...

/PRNewswire/ -- BGD Labs, a Web3 development initiative focused on the Aave ecosystem, and Chainlink, the industry-standard Web3 services platform, announced...

770

Marc Zeller

@lemiscate

May 16

Gather gwei.

Quote Tweet

Pol Lanski

@Pol_Lanski

May 16

Hey loser, still trading shitcoins? Jump in, we're going staking.

Marc Zeller

@lemiscate

May 16

The tradeoff of this is volatility that made some of us rich will also be faded overtime. so have fun but don't fade the importance to do your homework anon.

Crypto is gaining maturity on all fronts. (project quality & sustainability, regulatory clarity...) memecoins without fundamentals will always have a role in the financial markets (trafi has their own memeStocks) but they will eventually be diluted by actual projects.

I've seen that meme/non-meme coin meme a lot on CT. The reality is different. The last cycle was the first one to introduce actual fundamentals with on-chain activity, dapps finding PMF and first "profitable" protocols without requiring subsidies via LM or block reward alone.

1/ We're excited to announce a new

@AaveAave

Certora community verification contest with a prize pool of $40,000! Join us for two weeks as we verify

@bgdlabs

' implementation of a static aToken, an aToken wrapper that grows in value rather than in balance.

Just received this in the mail 📬 Guess it's time to deploy some $rETH mini-pools 👀 #stakefromhome

160

Marc Zeller

@lemiscate

May 15

I was thinking this but changed my mind. Both $stETH & $rETH decided to favor growth by allowing LST (loosely limited) minting despite the large queue. This has the effect of temporarily diluting the current LST holder's overall yield, but the impact is relatively tame. I do… Show more

One thing seems crystal clear, tho'. ETH supply is down only, staked ETH is up only, with high fees from actual onchain activity yield is up only. I don't have enough staked $ETH.

As staking is sticky in nature, will be hard for larger entrants to compete leader's network effect (CeFi & DeFi integrations) & "winner takes more" effect as bigger LSTs capture more of the "golden nuggets" fat blocks that boost overall yield.

The Staking queue is up only, with 8k (255k ETH) new validators joining the queue during the weekend. The current queue represents almost 10% of the total ETH currently staked. The biggest winners are

@LidoFinance

& $rETH.

240

Just published an ARFC proposing AaveDAO treasury getting exposure to staking yield by converting part of its wETH holdings into LSTs with $stETH & $rETH. a DAO can't operate its own node directly, but thx to synergies with LSTs, we play our smol part in ETH staking.

124

Marc Zeller

@lemiscate

May 12

just fixed my local node that got db corruption. jfc, if I see anyone IRL telling me PoS makes ETH a security because it's not "work", I'll slap the brainlet.

230

Marc Zeller

@lemiscate

May 12

ERRATUM: it's actually ~1m now, but still growing. So current "justified" premium is 0.5% freaking hell grafana dashboard displaying wrong data again.

@DAppNode

pls fix DMS package. I shouldn't correct the math each time.

currently you can mint rETH (deposit pool) instantly, the same for stETH. But rETH pool is finite and lido will have at some point to limit things to stay competitive (new entrant dilute yield) I think LSTs not over peg currently is artificial and temporary.

Also 😂at the 3 dudes exiting. "death spiral" was a good meme.

The current queue to start staking $ETH is ~7 weeks and growing. At 6% APR, it's perfectly justified to buy an LST on secondary, even at 1% premium, if the queue is two months long. How long until ppl loose patience and we start to witness premiums for stETH, rETH & other LSTs?

282

Had a nice chat with

about

. Dropped a bit of alpha for an ARFC I'll write & publish tomorrow 😅

Quote Tweet

Waq | Rocket Fuel

@waqwaqattack

May 11

In episode 11 of Launch Pad, I talk to @lemiscate, founder of @AaveChan - @AaveAave's DAO arm. In the episode, Marc shares: - diving into Ethereum - developing on Ethereum - integrating @Rocket_Pool into Aave - alpha with dates and products and more youtu.be/LWQOJBXvNbA

Show this thread

Marc Zeller

@lemiscate

May 11

with AIP-214 opening the pathway to $GHO deployment reaching quorum, the best time to start building on

@GHOAave

is right now. LFG.

Quote Tweet

Aave

@AaveAave

May 11

Who's hacking on @AaveAave and @GHOAave at @ETHGlobal Lisbon? Tune in with Dev Rel Engineer @0xjessglover to hear more:

Show this thread

1:33

10K views

1./ Ondefy just got 10x times better! We just made numerous updates to provide you The Best DeFi SuperApp 😃 Let's break it down 🔥

Unpopular opinion: Many from previous cycles raised a shitload of $ but failed to find any PMF They more often than not turn into "slow rugs" paying themselves high $ & delivering the min needed to not be accused of being scammers RFV grup while not moral, does nothing wrong.

214

Marc Zeller

@lemiscate

May 9

Time to burn 100k ETH: From the merge to 100k burned: 218 days from 100k to 200k burned : 19days At the current rate, $ETH supply will go below 120M in two months. I don't own enough $stETH.

356