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Ben | Circular.fi
@bencirc
337 Following    585 Followers
You should maybe first stopping the mass extraction of your users through MEV/arbitrage and redistributing that value to them in the form of cashback/rebates. That’s what we propose with our Monetization Layer.
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pumpfun currently has: - the lowest post-bonding platform fees out of any relevant launchpad - 0% fee social trading app (with 0.1% fees for crosschain trades) - callout rewards ($11M paid out in under 6 weeks) - holder rewards ($8.5M paid out in under 2 weeks) - referrals (new) as we enter our second cycle, our goal is to position the pumpfun ecosystem for success at a scale much larger than the first cycle. to accomplish this, we need to make sure token communities can thrive by incentivizing holding for longer, retail traders get the most competitive fees, and liquidity is optimized - all of which we're laser-focused on delivering. Sent from my Pumpfun App
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First time in Toronto, It's going to be 2 crazy days at Solana Summit Canada organized by @SuperteamCAN 🔥 SUMMIT.
People think F1 is just a driver who gets behind the wheel and laps the track... The truth is that the driver accounts for 10–20% of the performance, no more. F1 is a competition among engineers, not drivers. This is Solana. F1 chain.
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To continue our consistent improvement of Circular Preconfs, we've just increased the number of filterable accounts/signers! You can now filter up to 3,072 addresses. Lock-in on improvements and user feedback. Enjoy our 5 to 50ms edge on shreds 🫡
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Listening to your users is the most important thing, especially when it comes to highly technical products like Preconf on @solana. We received a lot of feedback when we launched Circular Preconf a few days ago, most of which was very positive. The two main pieces of feedback we received were: - More filters to precisely identify the signals we want to process. - More coverage to get that edge more often. Here’s how we responded to this feedback: Filters: By combining all the feedback, several very important filters stood out: - Regions Currently, you can connect to only one region at a time, so if you want traffic from all regions, you have to maintain multiple connections... that’s no longer the case. You can now directly specify the regions you want to connect to: “regions”: [“FRA”, “AMS”, “NY”] - Signers Some of our users have a real need to filter by signers and not just by account, since certain wallets spam the chain with fake transactions to mislead bots. This is now possible: “signerInclude”: [], “signerRequired”: [], “signerExclude”: [] - Lookups For certain use cases we hadn’t anticipated, you might not want to enable lookup decoding. You can now specify whether you want lookups to be decoded: “useLookupTables”: true Coverage: We are currently actively building partnerships with other Preconf providers to increase the coverage of our Preconf. According to our users: “Circular Preconf is fast, even really fast! But we want more coverage so we can enjoy this speed across more validators and transactions”. We’ve already begun discussions with the largest providers in the ecosystem to bring you the best possible coverage guys 🫡 Thanks again for your support and feedback. PRECONF.
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Listening to your users is the most important thing, especially when it comes to highly technical products like Preconf on @solana. We received a lot of feedback when we launched Circular Preconf a few days ago, most of which was very positive. The two main pieces of feedback we received were: - More filters to precisely identify the signals we want to process. - More coverage to get that edge more often. Here’s how we responded to this feedback: Filters: By combining all the feedback, several very important filters stood out: - Regions Currently, you can connect to only one region at a time, so if you want traffic from all regions, you have to maintain multiple connections... that’s no longer the case. You can now directly specify the regions you want to connect to: “regions”: [“FRA”, “AMS”, “NY”] - Signers Some of our users have a real need to filter by signers and not just by account, since certain wallets spam the chain with fake transactions to mislead bots. This is now possible: “signerInclude”: [], “signerRequired”: [], “signerExclude”: [] - Lookups For certain use cases we hadn’t anticipated, you might not want to enable lookup decoding. You can now specify whether you want lookups to be decoded: “useLookupTables”: true Coverage: We are currently actively building partnerships with other Preconf providers to increase the coverage of our Preconf. According to our users: “Circular Preconf is fast, even really fast! But we want more coverage so we can enjoy this speed across more validators and transactions”. We’ve already begun discussions with the largest providers in the ecosystem to bring you the best possible coverage guys 🫡 Thanks again for your support and feedback. PRECONF.
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US: Innovation Exemption EU: MICA I didn't spawn in the right region bruh
Combining Circular Preconf with Fast is a cheat code on @solana. You can now receive trades transaction ahead of the shreds and use Fast to land your transactions in 0-slot... What an ecosystem we're building here🤯
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The landing service @landfast_io has just surpassed Node1 in the rankings on @solana and taken 7th place with $9.4k in tips over the last 24 hours! Land. Monetize. Fast.
A @Raydium user just lost $38k trading OpenAI stock for USDC. I think they should natively implement our Monetization Layer to stop their users from losing so much money... Just a reminder: 65% of that amount could go directly back into the user's wallet instead of leaking out into the entire ecosystem!
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The landing service @landfast_io has just surpassed 0Slot in the rankings on @solana and taken 9th place with $6.8k in tips over the last 24 hours! Land. Monetize. Fast.
"How is it possible that you have more tips than your competitors but 100 times fewer users than they do on your landing service on @solana?" @landfast_io is just better; if we had that many users, we'd be top 1 ;) Just use Fast and earn Cashback.
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Let’s make a proposal for 0.1s! Faster.
WHY WAS THERE NO GOVERNANCE PROPOSAL FOR REDUCING BLOCK TIMES, SOLANA IS TOO FAST NOW
Number one there.
Vibhu on internet capital markets, on CNBC-TV18 "This is the beautiful thing about crypto networks. They are global. They are permissionless." "As long as you can get money into crypto in the form of a stablecoin, you have access to global capital markets by default. And those markets are really liquid today. You can access borrow lend markets, private credit, treasuries, fixed yield." "The story of crypto is about making finance truly global and borderless. And Solana is number one there." @vibhu @CNBC_Awaaz
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I think all apps should run a validator so they can have a voice in the voting process. The problem is that it’s very hard and very expensive just to break even, and the foundation seems to be moving toward no longer helping new validators. Personally, I wanted to launch a validator with Circular… the day I was going to rent the server for testnet; a few hours before, the Foundation announced the SFDP change, stricter and more radical. In the end, because of these announcements: head down and we continued to build without validators, much to my regret. Would it make sense to automatically provide support as soon as a project shows good traction or generates solid revenue?
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More apps should run validators.
When $1m daily volume on our landing service @landfast_io? Fastest way to send a transaction on @solana and monetizing it.
Just use MEV to proof the activity of a token on @solana.
Everyone checks volume. Almost nobody checks whether the volume is real. @bencirc, CEO of @Circular_fi, on why arbitrage revenue is the cleanest fake-volume filter on Solana "You can check every data related to the arbitrage, the revenue, the volume, but also which token is generating money and generating revenue. This is kind of a proof of volatility, or a proof of volume" "As you know, a lot of meme coins are wash traded. There's a lot of fake volume, a lot of fake transactions. If you just work on the arbitrage, you can find some real activity based on that" "Because if a token generates a lot of revenue directly related to arbitrage, you can say okay, at least part of this volume is not wash trade. Why? Because a lot of traders lost value into this token, which means there's a lot of real activity in it"
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Landing services have taken control of DeFi transactions on @solana. It’s now important for validator software to support these services and facilitate their integration.
$5.5M+ in tips and $3B+ in volume flowed through transaction landing services on @solana over the past 7 days! TIN routes this high-value orderflow from multiple Transaction Landing Services to Rakurai-powered validators in a decentralized and permissionless way. ✅ More access to orderflow ✅ More value captured from every block💰 ⚡️Validators must TIN⚡️ source: @Circular_fi
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It's been almost 24h since the HumidiFi propAMM on @solana went offline; hack or pricing issue? It seems an internal pricing issue, the wallet that received all the funds still holding it in USDC (not an asset that hackers appreciate). The wallet is active and appears to be making transfers to other wallets; will it be back soon? 👀
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Great talk, thanks for the invitation!
Ship Talk #8#: CircularFi & GeSIM