> Get vocal about supporting Sui communities > Create massive hype at Sui Basecamp > Keep shipping new products and Hashi Mainnet > Lean into leading culture projects on Sui > Lofi leads the way to Valhalla > New traders entering Sui in troves Sui Szn Playbook is in action 🥶

lofi-2:native God candle in the making 🔥 Price is up another 45% today as traders wake up and realize how undervalued the #1 MEME on $SUI truly is

After many discussions and future planning over the last few weeks, I'm happy to announce that the Lofi team will be creating a new Sui DEX in Q4. We've entered into a verbal agreement with the Full Sail team to acquire their codebase, all correlated audits, and retain the development team's guidance. In addition to this, we will be working with tenured Sui developers who we know and trust as we launch the newest DEX on @SuiNetwork. We have no plans for this DEX to integrate lending, borrowing, or perps markets that can open up a can of worms and expose many attack vectors for hackers. We're cognizant of recent and past events within Sui's ecosystem on the security front. As the founder of a project that lost nearly $2M in LP position when Cetus was hacked, I truly understand how crucial it is to have a secure protocol, app, or product. For this reason, we are being very intentional with our decision to remain purely a DEX—one focused on being the best version of itself and a highly capital-efficient DAMM. We have no plans to launch a token either. Fees from the DEX will go back towards buying lofi-2:native, supporting the ecosystem, and increasing liquidity depth across different pairs. This move is forward-thinking and it also prioritizes our community and Sui's ecosystem. My #1 goal is to make this DEX the most trusted and secure place to swap assets on Sui Network. If we reach a big TVL one day, that will be great, but for now our focus will be working alongside partners who understand our core business and want to bring liquidity to the best DEX on Sui Network. From our due diligence, we learned Full Sail's exploit was related to a bad oracle price that created a cascade effect on DeFi positions, but the core DEX itself was unaffected. We also learned that Full Sail's DEX audits by Asymptotic are verifiably solid and were reviewed by Mysten Labs at the time. Additional audits will be evaluated and conducted as necessary. We are taking steps in the right direction to continue making Lofi a pillar of trust and optimism on Sui Network. Thank you for your support thus far and see you at Basecamp! 🥶

interesting NEAR is proposing reducing inflation 36% in a span of 2 years with possible eventual endgame of fixed supply monitoring

i) this is on a bridge connecting to near, it is not near itself ii) if we wrote off chains for having hacks, then BTC and ETH would be below zero today trillions

$NEAR next stop is 2 digits Prepare yourself. Bitwise trading also started.

$NEAR next stop is 2 digits Prepare yourself. Bitwise trading also started.

Every chain has a big runner, and we caught $NINU on NEAR early We’re up NEARly 100x on NEAR INU

Crypto space really has a choice - grow the f up or get sidelined with random regulations. Saying we can not do anything when we are programming decentralized system is just untrue. Banks run AI for fraud detection but are inherently centralized and require KYC. At the same time KYC doesn't solve any of real problems as we know. We have better data and talent to create systems that don't require KYC and actually deter criminals while giving full freedom to real users. By working together we can totally weed out crypto of criminal activity. Criminal TAM is way smaller than all of economy moving onchain we are targeting. Decentralization != disorganization

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