Peter Volnov
@p_volnov
CEO HOT Labs (@hotdao_ ) - #2 DeFi app by active users. Strong believer and contributor in @NEARProtocol chain abstraction. Stay HOT 🔥
1/ What is Chain Abstraction, and why are we so bullish on it at HOT? A thread ⛓ Chain Abstraction is like a magic layer between blockchains and users. It makes everything simpler, so you don’t have to deal with complicated on-chain apps yourself
A billion dollars in turnover with 0.001% fee worth less then $200k with 5% fees
Chain Abstraction is not about seamless bridges Its about new application layer to works with assets from all chains in one place and one api And @hotdao_ build the main chain abstracted wallet, dex, nft market and infrastructure
I think HOT Bridge that back most of chains on Intents may have product market fit @ton_blockchain, @StellarOrg and @KAVA_CHAIN was the first who discovered that Chain Abstracted infrastructure will be critical for chains very soon 🤝
I think Intents from @NEARProtocol may have product market fit.
We added public profiles on HOT Craft 🙊 NFTs are largely about collectors and the people behind them. Now you can see when the team, influencers, and founders trade and track their portfolio @ilblackdragon, now we all can see if you trade 😏
200 000 of them least are HOT Craft trades
NEAR intents has officially passed over 1 million total swaps this is a new beginning for how assets move between blockchains, and a foundation for agents to transact with one another 🎉 What comes next? 📈 new assets ⛓️ more chains 📱 new products on intents
100% agree! High inflation is bad for DeFi, bad for token price and bad for the ecosystem. We have to cut it. Vote for staking proposal!
Resharing some of my thoughts posted on the @NEARProtocol governance forum regarding inflation reduction here: When mainnet was launched, inflation was set to 5% not because we think that number was optimal, but because we expected a lot to be burned in transaction fees and the…
Chain Abstraction NFT on Chain Abstracted marketplace? 🙊 Of course, you can mint it with $HOT!
🐵DataBabies NFT Mint on HOT Craft!🐵 hotcraft.art/publicAi DataBabies NFT is a collection created by PublicAI for their 1.4M+ "Data Builders" community. These pixel-chibi NFTs unlock real utility across the @PublicAI_ ecosystem where you get paid for contributing to the…