DeFI Saint 🦇🔊
DeFI Saint 🦇🔊

@TheDeFISaint

22 تغريدة 3 قراءة Apr 10, 2023
L2s DeFI Summer, How to make it as a Protocol in 2023
This thread is for protocols who wants to gain real twitter followers, engagements on their socials and pump their tokens without any sustainable product yet
This feels illegal and I'd delete in 48hrs
🧵
1/ It all started with @optimismFND when they launched a token and Airdropped.
The whole CT was left in shock and awe.
A lot coped from the Airdrop and what next do you think happened
The hunt for the blood orchid began for others L2s
2/ @arbitrum then haven't had a token
@zksync @Starknet yet to
Then the Optimistic rollups war began,
Arbitrum vs Optimism
3/ Arbitrum TVL started increasing as more projects began to launch and users moving to the chain, because they know they'd have a token some day and airdrop like Optimism
4/ Then a project comes, opens a twitter account, says they'll be launching on Arbitrum, do AMA with Arbitrum, Users get more hits of dopamine and go all in again.
Some projects with some twitter bio like
"The Next Gen Real Yield AMM DEX on Arbitrum"
That alone is a banger
5/ They put up a couple of tweets, Threads, talk about how good they are, offer Threadoooors some allocations for Collabs, DefiLlama tracks them as protocol on the chain, Then Boooom it's set.
6/ Also, if they want users to get full Max dopamine, organize quest with special roles, say they'll do Airdrop e.t.c
More users keep surging and driving its TVL and the entire ecosystem.
The hype lived for up to 2 yrs and everyday Arbitrum
7/ They forced Arbitrum to launch a token, $ARB launched and no more interesting thing to speculate about, it now about sustainability and real products building for themselves without hype anymore
8/ Also, @CamelotDEX came, launched one or two projects on their launchpad and it mooned
Some Devs in their crappy bathroom saw that and Capitalized immediately.
9/ Now they're all building Launchpads in every Chain that doesn't have a token yet and they all live with the hype.
Now they saw zkSync is next as they raised more funds than Arbitrum and speculated about what the airdrop would look like.
10/ Now the TVL inflow moved to zkSync, StarkNet remaining and not soon…
Why?
Network is Damn slow, zkSync looks Cool now and seems StarkNet is not yet ready, so let all us now move to the one that is ready.
11/ Now projects on zkSync are gaining traction, they feel like gods, they don't need to pay influencers to talk about them, because it's the narrative they are really enjoying it and gaining traction.
Projects just put emoji logo like this 👀
12/ They get thousands of engagements and the comment section are like "Seems they're up to something" craps e.t.c
Another method projects now use
Put in their twitter Bio, "The next xyz or first xyz blablabla on zkSync"
They get thousands of followers easily and up we go
13/ They do tweets and threads same way they did in Arbitrum
zkSync don't do many AMAs like Arbitrum, so zkSync official Twitter writes weekly threads on milestones they've reached and include them, they get more engagements as well and are now recognized.
14/ Some look for shitty audits companies and pay them wholesomely to audit them.
The whole CT is now filled with zkSync Talks
To grow your account as an influencer or Threadoooor.
15/ Easy one, just talk and write about Airdrops, just talk like you want what you're doing.
Run fake screenshots and say you made "x" amt of money from this airdrop and co
Boom, your account gains more than 5k followers in a week.
16/ This hype for zkSync would live on till they launch their token and Airdrop.
Smart ones who missed zkSync train with the current hype are now building on StarkNet silently and waiting for the narrative to come, which it'd eventually.
17/ Projects who don't even have plans to launch on other L2s on their roadmap include that without already building on it.
Also, they put it on their Bio, like "live on zkSync or coming to zkSync.
These Protocols will all move to StarkNet regardless of the slow Network
18/ Some projects after the hype without actually achieving something sustainable immediately rugs and they look for the next shiny object.
They open a new Twitter with a name that sounds cool and with a charming logo and Boom here we go again.
19/ To make it in crypto isn't that hard for shitty projects.
Now, they do this, repeat the procedure and over and over again
We're in a loop, don't get caught up, Always DYOR and risk what you can afford to lose
Up until then, see you next time
I write weekly newsletter where I talk about the present state of L2s
thedefisaint.substack.com
That's a wrap, if you love this thread
1. Give a like and retweet to the first post
2. Follow me @thedefisaint for more of these
Tagging some close Chads
@crypthoem
@crypto_linn
@CJCJCJCJ_
@rektdiomedes
@DrNickA
@DeFiMinty
@Louround_

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