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We are announcing the Lighter Infrastructure Token (LIT)! Lighter is building infrastructure for the future of finance and the native token is key to aligning incentives. In this thread, we will describe the structure of the token, broader vision, and roadmap of use cases.
The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
Users can stake to a validator who matches their view by December 24 at 04:00 UTC
The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
@lute is where you should be doing your trading on @AbstractChain . Has some interesting twists on what a trading platform should look like and the social tools makes it a perfect fit for the people's chain. Invite only so u know u early. couple of FCFS access codes below
Just got my @KASTcard earlier this week and super impressed w how easy it was to set up and use. Lines between crypto/tradfi getting more and more blurred
go.kast.xyz/VqVO/GS9KYCSU
ABSoLUTEly beyond thrilled to announce that @lute has partnered with @AbstractChain. The team at Abstract is world class. I have had the pleasure of working with them over the last few months and am consistently blown away at their laser focus on making the consumer chain reality.
We are heavily aligned with Abstracts target audiences and in our ethos of making the best consumer experience in crypto. Beautiful UI matched with industry leading tech is what will garner the next 100m users onchain.
7 days ago i deposited 0.1eth onto @yeet to farm a bit. Played some originals but mainly live casino.. so far i've withdrawn 2.5eth and have another 1eth in my acct wallet & i've advanced to Gold III! Potentially underfarmed airdrop opp. don't miss out
yeet.com/register?aff=cpatra…
The interest in @Lighter_xyz has definitely intensified over the past week.. points reaching the FOMO & lambo expectation phase… use my ref code -> get points -> get paid
app.lighter.xyz/trade/ETH?re…
8 more hours for this @MyriadMarkets bet to resolve.. i am top 5 holder of "YES" but r/r is pretty good here. Only 5% chance for LINK to move up $1.5 in price in the next 8 hours in midst of a very strong, green morning. @Tyler_Did_It@farokh@rektmando
I would strongly recommend not signing any crypto transactions right now.
There is a huge supply chain attack on popular NPM packages that may have compromised various crypto websites (frontend, not the actual contracts).
It changes the destination address of transactions and approvals to be the attacker's addresses rather than the address you're actually trying to interact with.
I am delighted to announce GIGAVERSE WEEK in partnership with @playgigaverse
I’ve known @0xDith for some time I am excited to work with him on this week's announcements
To begin, the @modernmarket_ community will receive something EXCLUSIVE in-game we giveaway $1k
For a chance to win $1k:
(i) Drop your Abstract Global Wallet in the comments, and
(ii) like and retweet this tweet
myriad.markets/markets/link-…@rektmando called it AGAIN this morning on @fomohour ... prediction markets move significantly slower than perps and I don't think people have adjusted to that fact.. if you are farming @MyriadMarkets then you should look here first