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Nick White
scaling decentralized compute for web3 @celestia
A lot of people underestimate how powerful rollups can be because they're basing their assumptions off of the previous generation of general purpose EVM-centric rollups which don't allow you to take full advantage of the design space
@sovereign_labs and several other next-gen rollup frameworks are close to maturity and when they launch they'll be a wake up call
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Nick White kirjasi uudelleen
super bullish, along with Lotus the foundation is working hard to cleanup all the economic missteps
If you don’t know what this means, a large investor has now divested and tokens will be offered to new investors at a far higher base cost without hitting public markets and on a new vesting schedule
12,76K
Nick White kirjasi uudelleen
Celestia foundation & private investors announce a buy out the entirety of Polychain’s remaining $62.5M of TIA.
Unlock schedule remains the same & they will be un-delegating their entire staked holdings and conducting the transaction ASAP.
This comes after multiple weeks of FUD directly at Polychain dumping their TIA, to the tune of ~$250M.
This very much feels like a ‘worst is behind us’ moment for the Celestia brand & team, which has been battered by FUD. You can start to see the light, amidst a horrific 18 month bear market.
Spoke to John Adler on The Rollup TV earlier about the upcoming upgrades to Celestia, notably Proof of Governance and a renewed focused on tokenomics.
Interesting times.
63,11K
Nick White kirjasi uudelleen
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 TIA holdings in order to settle this transaction.
To ensure neutral impact to the Foundation’s financial position, the Foundation is finalizing assignment of this TIA to new investors. These transactions will use a rolling unlock schedule, with the first unlock starting on 16 August and completing on 14 November.
249,27K
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