Set1Less















Daily General Discussion - June 19, 2022

When you come across a feel-good thing.

Shows the Silver Award... and that's it.

Gives 100 Reddit Coins and a week of r/lounge access and ad-free browsing.

Thank you stranger. Shows the award.

Party time, shower them with sparkly paper


Solend, the largest lending market on Solana is about to have a crippling liquidation of $170m SOL that could crash the network. To prevent this, the decentralized protocol is proposing to seize the user's funds via governance

When you come across a feel-good thing.

Shows the Silver Award... and that's it.

Gives 100 Reddit Coins and a week of r/lounge access and ad-free browsing.

I don't need it, I don't even necessarily want it, but I've got some cash to burn so I'm gonna get it.

Thank you stranger. Shows the award.

A glowing commendation for all to see

This goes a long way to restore my faith in the people of Earth


Daily General Discussion - June 18, 2022

Thank you stranger. Shows the award.

When you come across a feel-good thing.

Everything is better with a good hug

Sometimes you're left just going WOAH...

Shows the Silver Award... and that's it.

Gives 100 Reddit Coins and a week of r/lounge access and ad-free browsing.


Daily General Discussion - June 18, 2022 (GMT+0)

Shows the Silver Award... and that's it.

Thank you stranger. Shows the award.

When you come across a feel-good thing.

A smol, delicate danger noodle.

I don't need it, I don't even necessarily want it, but I've got some cash to burn so I'm gonna get it.

Laugh like a supervillain

Shows the Carlos award Award and grants %{coin_symbol}100 Coins to the community. Exclusive to this community.


[Daily Discussion] - Saturday, June 18, 2022

When you come across a feel-good thing.

Everything is better with a good hug

This hits me right in the feels

I don't need it, I don't even necessarily want it, but I've got some cash to burn so I'm gonna get it.

*Lowers face into palm*

I'm not mad, I'm just disappointed.








  1. Kinda btc shill account, but according to this one blockfi is majorly fucked...

  2. Might have been said already but it seems like a lot of these CeFi exchanges aren't going to last and we'll see a consolidation of a few major one like CB, Gem, and Kraken (FTX too yuck) through acquisitions/insolvency. Edit: to clarify, a few major CeFi exchanges will remain like CB, etc... and gobble up the others.

  3. There are a lot of exchanges other than this. Some of the old ones like bitstamp, bitfinex, huobi, country specific ones seem to have no issues. And 2017 era exhanges like binance and kucoin seem to be doing fine too...

  4. https://twitter.com/ercwl/status/1540431544531156994

  5. What is the cheapest/easiest way to do swap / add liquidity on Cardano? I tried Sundae and Mimswap, they showed 2-6 ADA as batcher fees, which seems high just to test it out.. are there any other dapps with low fees?

  6. Based on this article, it looks like GS is interested in buying Celsius’s assets but not Celsius as an operating business. Don’t get your hopes up that GS is going to be paying back any crypto you may have deposited with Celsius. More than likely, any money will just be distributed pro-rats in accordance with the bankruptcy rules (I.e. secured creditors first, then unsecured).

  7. This exactly, GS is buying celsius to complete the rug pull.

  8. In fairness to GS, I don’t think they care who gets the money they just want to buy assets in a fire sale. It’s going to be the insolvency process that screws over deposit holders.

  9. Celsius already screwed up depositors by trying to trade their way out insolvency instead of going into administration. GS is just here to take whats left. Surprising its not someone big from crypto who pounced first, maybe too much bad blood bw Celsius and the others. Celsius tried to short few coins after they locked deposits trying to make up for their losses, didnt work out well. One of their shorts SNX went up 200% in the last week alone. Wreckage on top of rekt. Oof

  10. I dont think so, they have gone into an even deeper mess and are trying to trade their way out of insolvency. This usually doesnt end well.. Imagine you are down on a trade and instead of accepting the L, you do even more crazy things to recover

  11. Whats the update on Harmony, people with funds there got rekt? Or is it just the bridge liquidity providers?

  12. We use google cloud + workspaces + adwords and the mess and disruptions caused by RBI in the last 1 year is just insane. First automatic payment limits were capped at Rs 5000 last year. We easily bill over Rs 50,000 every month based on usage, and this entailed making multiple separate payments every week just to use these services which were vital for our business especially post covid era. Like, even with all verifications, you couldnt increase the Rs 5000 limit. Then some cards were not supported/removed from the payment options available to us irrespective of the fact that these are cards issued by top banks of India (ICICI/HDFC cards). Then, autopay billers registered with HDFC autopay were rendered incompatible due to yet another change forced by RBI. These are literally basic payments like telephone bills, electricity bills etc that are automatically paid from a current account registered with HDFC.

  13. For all you builders out there, zkSync just finished their regenesis of zkSync 2.0 testnet with new features!

  14. If running a token incentive was all that takes to become successful in this space, then anyone can do that. Virtually anyone can have a token incentive. Any other competitor can also spin up a token in a matter of seconds.. Token incentive helped dydx but it was more due to a great product/PMF that the token incentives complemented, not the other way around i.e. coat a shit product temporality with gold

  15. Well moons have to be moved to a different network before the end of this year. They are currently on the Rinkeby testnet which will be deprecated at the end of 2022. So by then we have to move to either main, or a different testnet

  16. Moons are not on rinkeby testnet. They are on their own arbitrum testnet

  17. If only there were some way to host things that doesn't rely on centralized infrastructure providers...

  18. I was thinking post-data-availability Ethereum ecosystem, fully fleshed out maybe 10-15 years from now.

  19. Yeah akash is somewhat similar, its a decentralised cloud service. Though super early days..

  20. Also how they're allowing self-interested ICO holders to set the airdrop parameters. This "outsourcing" to the community is really problematic as it allows the teams to disavow all responsibility and leadership.

  21. I think thats fine, its within the realm of experimentation in this space.. its similar to dex guru where the nft minters have to allocate their own airdrop criteria. But a manipulated airdrop criteria in favor of one or a set of whales will get cut down by the team/seed investors as they still hold majority of the governance. Im not sure how much % of Zigzag ICO is open to the public

  22. What's the point of governance if the team and/or seed investors hold the majority of the supply?

  23. Its the same in pretty much all protocols except just a handful

  24. Pi cycle indicator is gonna fire off in a couple of weeks..

  25. Welcome to DeFi. We have so many laws against this in traditional finance to the point where managers doing this go jail. If a fund becomes insolvent there's no downside to just gambling with the users funds. If you succeed stuff probably blows over and you can keep running if you don't you're in the same boat as you were before you started gambling.

  26. Celsius isnt defi. Its a fund registered in USA. Its totally a centralised company offering depositors interest on their deposits.

  27. gm frens. I know the markets are looking rather bleak right now, but the builders don't stop building. Hang in there. Case in point: My

  28. Bravos human readable contract data is really amazing!

  29. Any detailed information on this? Doesn't seem like a task that can be easily automated to me. Contracts are already "human readable" and are in fact created by humans (the jury is still out on Vitalik) but I guess what they mean is they're going to explain functions to people who don't understand the code.

  30. Pretty much.. so far what Ive seen. It shows where the funds are going, what operation is being performed etc. And starknet wallets themselves dont allow a txn to submit thats likely to fail, so its more efficient than metamask for example.

  31. About half a million USD worth tokens have voted to take control of $100m worth funds..

  32. How current is this early June, last week, today? Any links to see this in etherscan or other?

  33. Its happening now, this is the tweet -

  34. CMC. Now shows -10% past 7 days.

  35. Dunno whats their calculation.. trading view is more accurate, you can see right on the chart and measure it

  36. ETH is going on a luna-esque death spiral , no one knows where it ends. The eth ecosystem is levered to the tits with borrows on top of borrows..

  37. source? past performance is not indicative of... BTC and ETH provide basically 0 value to society

  38. ETH provides 2% value, 98% speculation. BTC provides zero % value

  39. Presently in the fear phase? What do you guys think?

  40. I like Bob Loukas. He has a YouTube channel with 100K subscribers which I can't link to here.

  41. Yeah those time frames would likely coincide with a fed pivot towards lose policy as well. Though not before everything turns even worse and we have recession/depression and spx down 40%

  42. https://giphy.com/gifs/5GoVLqeAOo6PK

  43. https://twitter.com/ZigZagExchange/status/1537891192251174914

  44. Today I learned on Reddit that the entire crypto space is just one big ponzi scheme.

  45. Classic reddit crypto thread. By the time you read a few comments you would have read 12 different people's views on the difference between a ponzi vs a pyramid

  46. https://twitter.com/avalancheavax/status/1537563902514302976

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