LobsterDAO 🦞

13 Apr 2025 21:53

And so poof goodbye peg

LobsterDAO 🦞

13 Apr 2025 21:52

My suspicion is that someone with a lot of money was trying to keep a peg on the price and reduce vol

LobsterDAO 🦞

13 Apr 2025 21:51

funny how the biggest meme coin scammer kol is hosting a rug pull call 😭😭

LobsterDAO 🦞

13 Apr 2025 00:51

You can use Definitive.fi for that

LobsterDAO 🦞

12 Apr 2025 17:41

I would assume they are indeed classifying that stuff as Opex rather than Capex since there is no meaningful capex in the chart.

LobsterDAO 🦞

12 Apr 2025 17:12

Nvidia is also most probably pushing a lot of R&D to Coreweave to attain better scale while distributing it across data centres

LobsterDAO 🦞

12 Apr 2025 16:55

Check out Dakota.xyz

LobsterDAO 🦞

12 Apr 2025 10:01

Yep. Unless they mean 200 million is their GMV, which would put their revenue at around 40 million. Still quite a lot but little more believable.

LobsterDAO 🦞

12 Apr 2025 01:02

To be clear, I don’t want to knock on the product in case they are legit. Just find it weird that I have never come across them before and I work with LLM infra stuff.

LobsterDAO 🦞

12 Apr 2025 00:49

This is like Rollbit revenue who always reported fake numbers lol

LobsterDAO 🦞

12 Apr 2025 00:33

Well that revenue claim is certainly quite shaky if they were not just doing a bit of self-suck

LobsterDAO 🦞

11 Apr 2025 18:16

Maybe it’s COBOL, maybe it’s JavaScript

LobsterDAO 🦞

11 Apr 2025 18:06

Rent for me is the killer
LayerZero contracts are like 6-7 SOL to deploy…

LobsterDAO 🦞

11 Apr 2025 17:54

remember that Fe (not dissimilar to Rust/Python) via Yul can compile to EVM bytecode as well - you don't have to write Solidity if you don't want to

LobsterDAO 🦞

11 Apr 2025 17:43

mostly agree, only that Solidity will stay. the EVM is just too powerful, and Solana / PDAs are a heck to understand. I mean, even deploying a contract which you have to pay rent can costs thousands of dollars!

LobsterDAO 🦞

13 Apr 2025 21:53

And that they got wrekt in macro recently and were also bleeding heavily keeping this small crypto peg

LobsterDAO 🦞

13 Apr 2025 21:52

I don’t think the team “rugged”

LobsterDAO 🦞

13 Apr 2025 21:41

I think it actually make dev life easier.
No global state access , it’s a cleaner functional approach that helps to avoid pitfalls while also having performance benefits.

LobsterDAO 🦞

12 Apr 2025 18:44

can anyone point me to the dapp doing this? https://x.com/ncerovac/status/1911086760236327256

LobsterDAO 🦞

12 Apr 2025 17:34

Is capital spending R&D? I dunno maybe

LobsterDAO 🦞

12 Apr 2025 17:05

buying chips + setting up data centers is expensive.

LobsterDAO 🦞

12 Apr 2025 15:12

Maybe a tax reason to mark so much as R&D

LobsterDAO 🦞

12 Apr 2025 05:07

Hey guys,

Wondering if anyone knows of banks that can open dedicated/named accounts for crypto funds (not omnibus)?

(Setup is BVI registered and licensed investment manager and Canadian master)

[Pls delete if not appropriate]

LobsterDAO 🦞

12 Apr 2025 01:00

Yeah. I am guessing it’s just them renting GPUs to themselves on a loop. Or just pure made up numbers.

LobsterDAO 🦞

12 Apr 2025 00:35

Because if 200 million is their revenue at a 20% commission, it would mean they have facilitated computer cycle worth 800 million. That’s a pretty big player.

LobsterDAO 🦞

11 Apr 2025 23:47

Oh, the revenue is fake? I tried to verify the revenue on Defillama and other sources but couldn't find anything onchain.

LobsterDAO 🦞

11 Apr 2025 18:10

Not comparable more comparable to intent

LobsterDAO 🦞

11 Apr 2025 18:06

Not as simple as solidity with their mapping in contract

LobsterDAO 🦞

11 Apr 2025 17:45

Solana PDA are very simple.
Not clear about the confusion.

LobsterDAO 🦞

11 Apr 2025 17:35

Rust is a bit of a pita to learn but then if solidity was so easy we wouldn’t get so many hacks.

The main issue with a lot of the blockchain languages isn’t the code itself it’s the weird architecture you have to play crazy golf around.

The PDA model of solana makes it a bit of a PITA at first.

Notably when deploying you get these intermediate wallets and the first thought is, “wtf why are you putting private keys on my terminal…?!”

I personally think that solidity will be a relic of the past like COBOL where basically the only user will be Deutsche Bank because they finally deployed some 30year bond in solidity on ETH and they’re stuck with it until expiry.

The contracts imo will be written in python (not with weird decorators everywhere tho like vyper) and likely you will have the option to gas-golf / do cryptography in rust/cpp if you need