Mustafa Al-Bassam
@musalbas
Co-founder @Celestia
The Celestia Foundation has worked with Polychain Capital to assign Polychain’s entire remaining TIA holdings to new investors. This month, the Foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5m. Polychain will shortly be undelegating their entire staked…
🧵 Celestia Core Devs Call 35 highlights 🪷 v4 aka Lotus network upgrade hits Celestia Mainnet Beta on ~7/28 at height 6,680,339
Meet Rise, the chain built for infinite speed ⚡ Real-time UX for apps that actually feel fast. Test it out: portal.risechain.com
I was probably wrong about this statement 5 years ago, given that PoS is a "closed loop" system. In hindsight, protocols like Lido DAO actually help to make the validator set more distributed - which is why I think they're worth baking directly in-protocol (proof-of-governance).
To understand Libra's technical philosophy for decentralization, this comment is a good point to start: github.com/libra/libra/pu…. Libra's 100 node closed set of validators is seen as more "decentralized" than e.g. Bitcoin, as Bitcoin has 4 pools that control >51% of hashpower.
This is the same way that Bitcoin maxis see proof-of-stake btw By the way, Ethereum is basically already proof-of-governance, as 1/3 of its validator set is chosen by the Lido DAO and Binance Also it doesn't need to be off-chain governance, I'd advocate for on-chain governance
If you do this to your L1 network you are no longer in the non-sovereign store of value game. And if you can do this to you network you probably never were. There are two horses in the race non-sovereign store of value race. BTC and ETH.
I remain bullish on Ethereum btw despite being attacked by Ethereum maxis for weird things, as I was here first, regardless of the Bitcoinization of the Ethereum community.
this image is celestia bullposting
Ethereum is winning because it is capable of telling the truth.
bridging celestia (mocha) to base (sepolia) and back on v4 with hyperlane
New Constants View is live ⚙️ ⛓️ All networks on one page - Mainnet, Mocha, Arabica & Mamo 🪢 Params pulled from on-chain governance 🕒 Durations auto-formatted to hours / days With Celenium by your side, exploring @Celestia constants is eazzy!
🚀 Introducing Celestia Bridge Explorer Monitor @celestia bridge nodes in real time. 🌐 Explore: celestiabridge.com ✨ Features: 🌍 Geo Analysis by country & provider 🔄 Upgrades with 24h adoption stats 🛰️ Node Health: sync, uptime, performance 📡 Network Stats & global…
💜 @celestia is hiring engineers as well, and would be a great fit for engineers coming from Eigen imo DMs open.
🎉 The XO Market Alpha v0.1 is LIVE! 🚀 The Conviction Market is open for business! ✅ Live Conviction Market ✅ Lightning-fast Sign-Up (Google, Email, Wallet) ✅ Test Tokens to Play: Risk-free ✅ Earn Conviction Points Start here 👉 alpha.xo.market No code? No…
>To the extent that the Nasdaq market exists anywhere, it's within a single rack-mounted Dell server in a rented data center somewhere across the Hudson River. That machine routinely processes 70,000 orders, cancelations and trades per second but can handle up to 250,000 per…
Even if the full Danksharding roadmap is implemented (1.3MB/s), this is not enough to even to support 1/10th of Hyperliquid's throughput. In the mean time, Celestia will continue to help actual builders scale their Eth L2s, none of whom care about alignment politics like this.
Using Celestia is shorting ETH. You skip fees, skip alignment, and hand ETH’s monetary premium to a rival chain. Don’t pretend to support Ethereum while draining its lifeblood. Keep your data where your mouth is. Use ETH blobspace. If fees suck, fix them. Petition for…
The Celenium team built a great Celestia block explorer, cool to see it being adopted for Monad
just shipped a lightweight explorer for @monad_xyz —> monad.hoodscan.io built with simplicity in mind. UI is a fork of the clean and solid @celenium_io open to feedback 👀
Tokenized treasuries, credit, funds, and bonds, all live on Plume. RWAs are expanding, with Celestia underneath 🦣 x.com/plumenetwork/s…
RWAfi is more than stablecoins. Plume is quietly becoming the deepest, most diversified real world asset chain onchain. This is the first RWA asset class snapshot: Treasuries, credit, funds, bonds - now accessible on Plume Let’s break it down 🧵
a number of @hibachi_xyz OGs have highlighted that our liquidity/spreads are not yet at scale for a smooth top notch trading experience now that we've laid the foundation for a speedy privacy-first exchange, improving the books is priority #1 to compensate for this ongoing…