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ivangbi 🦞
Mascot and intern @GearboxProtocol. Janitor @10b57e6da0 👾 No financial advice.
Interesting comments up and down from here

Robert Leshner18.7. klo 04.11
Even though CT probably owns the supermajority of the company, waging a proxy or legal battle for control at this point will be extraordinarily complex and time consuming, and I’m no longer seeking control.
717
Wintermute ran out of tokens to sell.

wishful_cynic17.7. klo 05.28
there is (clearly) almost no #ETH available for sale on Wintermute OTC desk
2,1K
ivangbi 🦞 kirjasi uudelleen
At @stable_summit, @0xmikko_eth highlighted a key pain point for leveraged borrowers: losing months of yield to DEX swaps. Tomorrow, Gearbox changes that.
Leverage Mint and Withdraw directly from DVstETH's contract with up to 40X leverage.
No DEX, no slippage, no fee. ⚙️🧰
11,56K
This is very misleading, the news outlets are fumbling as always. Unless the UAE gov confirms this, the actual tldr is:
- you stake ton hoping to get in
- the legal firm chosen by ton people receives their pretty big non-refundable $35k fee and then TRIES to submit your application to the Gov (perhaps nominates you, but what is their quota?)
- the Gov then decides to approve or not, while your staked ton (frozen for 3 years) balance serves as simply one of the requirements (💡 and it’s not even relevant anymore according to new rules; this seems to be legal firm marketing to compare with real estate). Great token utility sink though, no questions there :D
There has been no blanket approval for ton stakers? If the UAE gov confirms and supports this - then it’s awesome and gg. Will retract and be impressed. However, so far it looks like it’s just a legal firm partnership disguised as exclusive.
The answer is also not as clear because UAE as a very innovative jurisdiction often adjusts and improved rules - and chatgpt fails to pick up those changes. See chatgpt answers below. Perhaps ton will use their jurisdictional footing (verified incubator) in UAE and file some of the better applicants as good prospects? Sounds fine but then again, it’s not a blanket approval. It’s good token utility coupled with a legal firm. I’d be surprised if all random stakers get accepted.
PS: chatgpt misinterprets a lot, but this is also just common sense. Exclusive Gov programs do not get handed left & right, UAE is a pretty strict place but also very streamlined when it comes to processes!
Will attach the non-proven chatgpt output in the comment below for context.




14,87K
A frenchman was bullied away from the french territory - which proves that crypto people can fud anyone! W. I hear the next 3 years are gonna be here too? Amazing location, great food, and even the French people are friendly here (wtf). 10/10.

Marc ”½百 Billy” Zeller 👻 🦇🔊4.7. klo 18.53
I'll admit openly that I was entirely wrong about Ethcc being hosted in Cannes.
There's a clear consensus that it was a fantastic event. and I'm ngmi for not being able to attend.
I'll make sure to fix that mistake next year.
2,13K
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