Phil Gomes��� Post

Monetizing the internet experience has been the goal of my company since inseption. I've heard the saying great minds think alike my whole life, and I'm actually flattered to see a person I've looked up to since middle school working towards the same mission 👏🏾. #ac #web3development #internetmonitization #founder

ICYMI: The latest Glitch looks at who gets to say what is and what isn't legit in tech and finance, the notion of online servers that cut out big corporations and a rundown of a zero-knowledge startup I met in Istanbul. Pls like / subscribe to / share Project Glitch with your networks -- 2024 is going to be a big year. https://lnkd.in/gGhcA6BW

It's evident there is a gap in understanding between Wall Street and crypto-native business lines. A while back, I discussed Coinbase's onchain business lines on a Bloomberg webinar, highlighting how analysts can use real-time onchain data from Token Terminal to better understand what's going on. Now, in episode 5 of The Signal, Michael Nadeau and I dug even deeper into Coinbase's operations. We explore their evolution beyond a simple Bitcoin exchange to a diversified business with products like a Layer 2 blockchain (Base), stablecoins (Circle), staking, Coinbase Prime, derivatives trading, and Coinbase Wallet. Tune in to Episode 5 to get the full picture and gain an edge on the market through a data-driven analysis of Base, an emerging hub for the onchain economy, and the first steps of moving the behemoth that is Coinbase onchain. Link to the episode in the comments.

Is Coinbase the most misunderstood company trading on the Nasdaq today? That was the question Oskari Tempakka and I were asking ourselves after conducting our research for episode 5 of The Signal. In many ways, Coinbase looks like it may be following a similar growth trajectory as Amazon. Here's why: - Amazon started as a simple retail product before expanding its business lines into music, DVDS, home improvement products, etc. But Amazon never stopped innovating. 6 years after launching, they built their own marketplace. They introduced Prime. Kindle. Streaming. Original Content. Etc. Along the way, they realized they had institutional knowledge to create a platform/infrastructure for other businesses to build "on top" of Amazon via AWS. They've been riding the growth of the internet ever since. ---- We see a similar company arc forming with Coinbase -- which started as a simple retail product as a Bitcoin-only exchange. 86% of Coinbase revenues were spot trading in the last cycle. But they've since diversified via: - Stablecoin product (12% of Q1 revenue) - Staking (9% of Q1 revenue. Coinbase has over $100b of assets on its platform and is starting to look like a bank) - Coinbase Prime (integration with BlackRock's Aladdin Network) - Base L2 - how Coinbase is moving its business onchain + beating the competition (data provided by Token Terminal) - Derivatives Trading (seeking to backfill the void left by FTX) - Coinbase Wallet (potentially a data monetization opportunity similar to Google search) Furthermore, Coinbase has a Broker-Dealer ATS license (for trading tokenized equities). Coinbase Ventures has invested in over 500 web3 companies. How many of these will go on to become unicorns? We cover all of this and much, much more in Episode 5 of The Signal (including competition + the court case against the SEC). If you squint a little bit, it looks like Coinbase has a path to becoming a trillion-dollar company. Check out Episode 5 to learn why. Link to watch/listen in the comments.

Why Restake with InceptionLST? 💡 In the dynamic world of DeFi, Liquid Staking's role is paramount. As per DefiLlama , it's now a colossal $21B market. And leading the charge? stETH, rETH, and cbETH, holding a combined 94% market dominance. What's more, cbETH's significant share is noteworthy given its selective DeFi involvement. 1️⃣ Credential Key Delegation: The Challenge Major players like Lido Finance, RocketPool, and Coinbase face a dilemma. Sending their credential keys to EigenLayer's Eigenpods, an under-the-hood integration, isn't without risks. Enter InceptionLST. ✨ Our over-the-top integration offers these giants enhanced yields and a world of new opportunities. 2️⃣ The Concern with LST DeFi Baskets Lido & RocketPool are wary. They're reluctant about users moving stETH and rETH to LST DeFi baskets. Why? Some protocols might offload stETH to bolster their native LST tokens. Imagine them selling stETH to buy more of their native LSTs. This could jeopardize stETH and rETH holders' interests, especially those keen on retaining their original LSTs. Plus, these baskets can amplify smart contract risks with multiple LSTs. 3️⃣ InceptionLST: The Solution Here's where we come in. InceptionLST is tailored for both big protocols and users favoring stETH, rETH, or cbETH. We bridge the divide, ensuring safety, trust, and optimal yield opportunities. Our mission? To resonate with the Ethereum Foundation's dream of a secure, decentralized future. We let you restake your LSTs confidently, ensuring they stay with us. Because, ultimately for us, it's about you and your LST choices. 🤝

🚀 CHO Breakout: 5 Reasons to Buy The Dip 👀 Choise.ai flips the script with a bullish breakout! $CHO exits a descending channel, fueling 5 reasons to consider buying the dip: 1. Holder Benefits 2. Strong Community 3. Innovative Tech 4. Real-World Use 5. Long-Term Vision ⚠️ Do your research, but this breakout is a bullish sign! https://lnkd.in/gpgBxajz

One of the most comprehensive guides on STOs I have come across from Techopedia. #securitytokens #blockchaintechnology #smartcontracts #futurestatealliance

🚨 Starknet's airdrop strategy raises eyebrows - is it a misstep for #STRK holders? Allocation issues spark controversy. Dive into the debate! #StarknetAirdrop #airdrop #marketnews #marketupdate #CryptoControversy

Friday! One of the best days of the week! And if you're working on projects or building something, there's less noise in the coming two days to distract you. These are good things. So one of the things I wrote in my book back in 2018 was how I decide whether or not to grab some bags of a particular alt-coin. As I've stated along with many who've been in this space for years, 95% of everything in crypto is a scam. This is based on things like pump and dumps, unsavory dev teams, buying vaporware, connecting to wallet drainers, the dangers are many. So this is my current breakdown on if I think a project is good enough to hold in the bear and sell in the bull: 💡Utility- What does this thing even do? What problem is it attempting to solve or innovate on? Is there an actual working prototype running on chain? Is there an immediate use case for it? No? Immediate red flag. White papers shouldn't read like the Chronicles of Narnia. 💡Composability- Can it integrate code from other applications and platforms into this product? Composable programs tend to be the base layer of web3 ecosystems. You can build almost anything on top of them. This is the type of infrastructure I want to own going forward. 💡The Damn Team- None of the above matters if the people running things don't know how to do any of it. Lots of people who might have notoriety elsewhere try to have a spotlight shined on them here. They come into this space and hype up the sheep about some super neat project they're working on. If their background doesn't indicate they're capable of executing any of what they're talking about, it's a trap. 💡Value- This is the whole reason we engage in things here. Getting in as early as possible with businesses that are going to create value from a decentralized protocol that's fixing something or making it better. 💡Tokenomics- Strong token values come from things that accrue fees, yields, governance rights, and of course price appreciation. Not having a quadrillion tokens also helps in this endeavor. Burn mechanisms are nice in the short term too. I think next week I'll talk about actually exploring blockchains and the ecosystems there versus just buying and holding a token in a wallet somewhere. I'm Dominic and I started this company called Gilded Pendulum many years ago to protect businesses from the telecom sharks. I've done extremely well holding to that philosophy. I think 2024 is going to be a year where business owners are going to want to hold onto every penny they have. I can help, you can find me here: TryGilded.com

In an unforeseen twist, the once-blazing hype surrounding the DeFi powerhouse FriendTech is fading into obscurity. Despite an explosive launch, the platform's performance has taken an unexpected nosedive within an astonishingly short period, prompting experts to dissect the core reasons behind this sudden downturn. ##Fees #DeFi #FriendTech #hype #nosedive #Performance #tokentransactions