crab notes 🦀 lobsterdao

Yo Amsterdam 🇳🇱 🦞🦐 A few seafood dwellers are around, Nemo & ivangbi were walking around DEVConnect venue today. Will also be here today and tomorrow to chat, work, and give out stickers. Next to that, if you are a builder participating in ETH Global or have a friend who is participating - chat to us @ Gearbox! We can help with tutorials, docs, and more... we also have the highest tier prize structure & can figure out together so you'd qualify for a few cross-nominations (by different sponsors) at a time 🏆 Shoot a message anywhere, would love to chat & help you with ideas!

Seafood at TechCrunch 🦞🦐 This was recorded a few days ago and aired at TechCrunch’es online conference. Idk though how I ended up next to mega brains like Curve’s Mich and Lido’s Vasiliy… Anyway, shilled lobsterdao a bit and Gearbox… Have a look at all of us taking a turn at shilling our bags to retail. PS: thx to Taariq ❤️ https://youtu.be/hhzVVCL5YWk

𝔗𝔥𝔢 𝔰𝔱𝔬𝔯𝔶 𝔟𝔢𝔤𝔦𝔫𝔰... https://twitter.com/GearboxProtocol/status/1512374975067574272

Know your friend, know your enemy, know who makes you poor 👀 https://twitter.com/10b57e6da0/status/1487176525661233156 - pretty f cool!

Lobsterdao is getting 1% of supply which is actually like about 5% of the Genesis Supply of RDL 🦞 **The snapshot will be taken by their team in a few days, with details TBA. Basically, they left a few days for NFT degens to try to gamble (more royalties to lobsterdao treasury then!) but reserving the right to either drop per-NFT or somehow else, without announcing it in advance in order to avoid sybiling. Anyway, this is pretty cool. 🔘 if Radial gets the top-20, 5% will be distributed to this bootstrap stage 🔘 if Radial doesn’t get the top-20, 1% will be distributed to this bootstrap More info: https://medium.com/@radial.finance/radial-finance-automated-coordination-strategies-to-maximize-yield-on-solidly-efb9149d8313. Their SNX type dummy farm (simply to get the top20 blitz campaign) is now live with $50M+ in there - https://ftmscan.com/address/0x6f536B36d02F362CfF4278190f922582d59E7e08#tokentxns. You can find more on www.radialfinance.com LobsterDAO can’t verify the contracts, can’t say what is best, everybody chooses for themselves afterwards. It’s great the community and NFT holders were recognized, and we can keep following our favorites, but to me the most important part will be to see others’ strategies and contracts of actual coordination optimization. Imho: there are a lot of moving pieces here and unclear points still, please point out anything retarded I wrote so we can discuss and fix it. Anyway, pump the fucking jpegs.

DeFi winter turning warm on Fantom (❄️,☀️) muh lobsterdao NFT productive asset Andre’s ve(3,3) that he is doing together with Dani (who is a shady guy tbh) is picking up hype, with TVL and projects on Fantom growing every hour. The way incentives have been structured pushes anons/builders/skemmers to get those dummy numbers up-up-up and be in the top-20 snapshot. The TVL doesn’t directly guarantee you an NFT (the initial veLocker of the solidly platform) or its size, since they might apply some other metrics like time-weighted, but it’s worth trying to get it. The question remaining is how much the initial NFT should be worth, because it’s probably not worth it giving like 10%+ supply in the first 3 days of protocol life. And here is why: 1] Convex had a small share of CRV starting up, whereas the private sale according to docs invested aka “sacrificed” their CRV which was the kick-start for the Curve wars from their end. Later on, it’s about attracting LPs and managing the boost that gets you to win long-term. In Convex, it’s mostly 50-50 for the boosted rewards. Is it here? 2] With Solidly, it can’t be that trivial. The math, which nobody has yet communicated properly, is more complex. For example, veLocker positions of SOLID will be kept up with inflation in the form of getting more locked into their ve NFTs, and that will need to be balanced with LP rewards. So building those reserves at first might be worth it. 3] Due to LPs in Solidly getting quite a share themselves, the first NFT ownership might be VERY diluted literally a couple of epochs down the line, depending on the lockup ratio in the first rounds. The initial NFT might become worth close to 0 if not managed correctly, which is a non-trivial business. You only have a few epochs to not fall behind! However, this needs to be corrected and seen with the final sizing and inflation numbers, which are not known yet. A few projects are making promises of doing something: Radial, 0xDao, Grapes, and a few others might be popping up. While 0xDao is more of an original Fantom community coming from their builders, they will likely secure at least 1 NFT from their protocol on day 0, giving them a head start. Grapes seems to be knowing quite well the contracts’ structure, but it’s unclear what their support is. With Radial, they have allocated 1% to the lobsterdao community and seem to have more long-term plans with regard to how to approach things, for example already showing some of the math behind their collaborative strategies. As we know, “my bag is better than yours” (🔘,🔘) Ideas-comments-to-discuss 💡 - veDAO with 1B TVL needs to figure out what to do with their NFT, perhaps even dedicate it to Radial for a supply %, because if managed incorrectly, the NFT might be very diluted in a few rounds. This is the case for other projects who need a sound strategy for their holdings or they might be rekt. - nobody has shown proper contracts yet, since this is not just a Convex fork: here you can put small NFT positions into a larger protocol-managed veLocker position. It’s not a 1:1 Convex fork. And given that the code was literally shown just a couple days back, it is yet to be seen who will make this all on time. - token emissions in place to attract the TVL and get the NFT, must be more reasonable or the protocol might be dead right after getting the NFT if the brr is too big - the initial numbers of veLockers given away compared to inflation might turn out to be super important, not all details have been seen yet - fractionalization of the NFTs received might not be as trivial: first of all, it should be all done on the contract level so it requires a level of brain power, secondly, which is more important… How will projects actually share this NFT? It might be better to just keep the strategy to the core DAO at first and amass more instead of the distribution from the get go. Interesting dynamics at place

Seafood might be going into the ocean? $CAVIAR? 🎣 Well well, let’s not jump so far ahead yet. For now, here is a piece a few founders & DAOs were asking about on “how can we collab sers?” TLDR: be creative, offer a unique product, and shove up $50 airdrops into your butt cause that’s not gonna hut with this big/amazing/smart/simp community. It also includes a few initiatives which have already been launched, like Coinlist’s free karma drop for an eye scan, as well as Gearbox stages, etc. A few more things are in the works, fuck PFPs and let’s go! Thanks for staying wholesome xx happy delayed 2022 🎅 https://lobsters.substack.com/p/founders-and-daos-want-some-seafood

CoinList fishing for prime seafood 🦐🦞🦀 KARMA, BITCH! From the makers of the Internet Computer airdrop and the Flow package of freedom - our friends at CoinList are fishing for the prime seafood with a sweet Karma-drop. Stay safe though, Gary Gensler might be after ur ass 👀 TLDR: Coinlist gibs lobsters Karma so they can have a higher chance for Priority Queue with new -revolutionary web 3 future google- projects. Well, jokes aside, they did launch Filecoin, Solana, Flow, and others. And next to that, one month of free trading on CoinList Pro. The snapshot has been taken at c̶a̶r̶d̶a̶n̶o̶ block height 13825000 which was 4 days ago. Of course, there are some T&Cs involved, KYC, and whatnot - so you decide: https://coinlist.co/help/lobsterdao-karma-drop-faq. Overall, this is a pretty cool campaign by CoinList, who are forward-looking with how they approach community-building. They have been in lobsterdao since actually the first days of inception, and have been lurking in the shadows as well as contributing. Tune in in a an hour to Twitter spaces with some of CoinList team members, and ask questions or be mean to them idk. Here are the details @ 5:30 PM CET -> https://twitter.com/10b57e6da0/status/1473445123547619335 At this point, we have a few promises for shitcoin drops (?), already a finalized campaign with Gearbox with quite a few cool tips they gave to lobsterdao, and now CoinList karma as well… these ugly seafood jpegs are productive assets?! NFT 2.0 Let’s sellout for more airdrops! We need exit liquidity 💪

Mikael sharing his story: My initial idea was totally different and it could never have been developed if GOOGLE didn't rekt me... I bought 5 bottles of cider and did nothing whole day. Gearbox idea came to mind after these bottles in the evening. It took 20hrs to build Gearbox (contracts + simple UI) from scratch without any break. The first working version was submitted 5 minutes before the ETHGlobal deadline… A few days later, the project became a finalist of ETHGlobal MarketMake hackathon In 2 weeks after that, Ilgiz and Ivan joined - and a new story started. Today, we open-source 10 months of daily work. Now let’s built it together further as DAO. THE CODE IS NOW OPEN ⚙️ 🧰 https://github.com/Gearbox-protocol/gearbox-contracts

5,000 Credit Accounts to mine. 55,000+ eligible addresses. 2.5M in gas costs to deploy each one ⚙️🧰 5% GEAR. Become one of the early DAO members & decide the future of composable leverage 2.0! FCFS. Special UI inside. Dec 16 - 15:00UTC * approx GUIDE 🔥 https://link.medium.com/42QsyEpY0lb *medium interface is bugging, it’s like there is no article… but there is - give it a few hrs*

seafood, get ready for Credit Account Mining 🦞🦐🦀 https://youtu.be/2DZafHnECXs

seafood, get ready for Credit Account Mining 🦞🦐🦀 https://twitter.com/GearboxProtocol/status/1471012486522486786

If you were active in another DAO, or tested, or were an active early member - chance are, you are eligible for GEAR. Also, check the Reverse Voting Escrow model inspired by veCRV-CRV which presumably makes community <> whale governance weights better: turning shrimps into whales 🤖 https://medium.com/@gearboxprotocol/gear-token-not-yet-live-and-governance-reverse-voting-escrow-75f367985397

If you are (were) a lobsterdao NFT collection holder, you should be on this list eligible for the Credit Account Mining (pay ETH for deployment like 0.25-0.30) and get GEAR tokens in return. Community has a say on how to fine-tune the list, to make it even more cool! https://twitter.com/GearboxProtocol/status/1468924804610904072

Channel abuse 101, sorry not sorry - a big product piece many of you might like! Product Evolution from an idea to an app: 0 to 1. Contributors united. Don't you find it super interesting to know why and how products do pivots and prioritize certain features? If you see how tradeoffs and decisions were made, you can really understand the overall design. And it has been quite a journey. Together with early contributors, testers, and community members  -  Gearbox Protocol and Gearbox App have undergone quite a few changes. - Wen testing end: mid next week most likely, or end of next week - Wen more codes drop: will be more frequent from now on, maybe later on fully open - Wen DAO: actually very very soon, like 2 weeks away... ⚙️ 🧰 https://link.medium.com/2wbDkMQntlb

read between the lines There is a request for the DAO to put together a proposal and get its first real launch benefits… will u make it, anon, or will u only ask for the airdrops? https://twitter.com/ivangbi_/status/1449669570416058371 [not speaking to myself] Thx to amplice as always 🌊

Reporting live from the studio next to Amsterdam with Louis Klibansky & Joseph Klibansky where the real-world sculptures & art have been created for years… and today marks their real digital-native #10b57e6da0 NFT release 🦞🦐🦀 swim, seafood! 🌊 https://opensea.io/activity/lobsterdao Join seafood chat @lobsterdao

https://twitter.com/10b57e6da0/status/1448248771951857668 Go to @lobsterdao to show yours and chat with other seafood creatures 🌊

Seafood is now one of a kind. A kind of its own… @lobsterdao for all your seafood NFT ideas, questions, fun, and GIF-chat 🌊🦐🦞🦀

Shrimps 🦐 are trying to find their way in the big sea. Lobsters 🦞 are losing their powers. Crabs 🦀 are not even sure what they are... with reveal coming in a couple of days, the seafood kingdom is gathering up and preparing... For what? Your turn 🌊 @lobsterdao Anyway, just splitting the focus groups (splitting, not fragmenting) so that things can happen where people expect them to happen. NFT collection is a DAO of its own now, and should have the freedom to do whatever it wants. It can’t be controlled at this point, so let the big sea help them find their way into *something*. Links as they are now: Main channel - https://t.me/blockchain_lobsters DeFi dev chat - https://t.me/lobsters_chat Twitter - https://twitter.com/10b57e6da0 Seafood kingdom 🌊 https://t.me/lobsterdao NFT general chat - https://t.me/NFT_avenue Substack - https://lobsters.substack.com Daily Newsletter - https://t.me/lobsters_daily Posts with top replies - https://t.me/lobster_watcher Job Board - https://t.me/lobsters_hr