cofounder @colosseum | previously @solana
Joined December 2014
- Tweets 10,750
- Following 1,837
- Followers 18,812
- Likes 33,529
Keep in mind that @OREsupply's protocol is about 7 weeks old. While the core system seems to be working well, there will be bugs to address, price volatility, upgrades & integrations across the eco over the coming years.
Even so, #2 app in revenue on @Solana today, #3 in crypto.
SoV assets leak value when relying on PoW miners who burn electricity & cover costs by selling tokens for fiat.
@OREsupply's insight: What if that flow is inverted? Can miner costs be redirected into the token instead of out and keep the value within the onchain system?
Yes.
Great to see the @Solana community rallying around @OREsupply.
Solana needs a non-sovereign SoV at its core to create a truly decentralized financial system.
Otherwise, we are left with centralized stablecoins (USDC, etc) and wrapped assets (cbBTC, etc), which is problematic.
Ore update:
✅revenue-generating approaching the top 10 apps in crypto (top 5 on @Solana)
✅yield-generating with staking rates at 22%, refining yield at 150%+
✅Dev ecosystem & community growing around the protocol
✅$110m market cap
It’s never too late to enter the mines.
mattytay retweeted
for me it’s failure until @mattytay retweets this 🥲
Solana proved that infra speed/performance/low fees were critical for crypto to go mainstream.
Solana proved that ecosystem app revenue should be much higher than the L1's rev.
Solana will prove that a non-sovereign SoV asset does not need its own L1 to reach escape velocity.
mattytay retweeted
Mining meets mobile.
ORE app is now available for Seeker users on the @solanamobile dapp store. Download today, and mine no matter where you go.
