SparkDEX’s Cutting-Edge AMM & Perps Protocol to Launch on Flare 3703

Flare, the layer 1 blockchain for data, is delighted to announce that the SparkDEX team has chosen to deploy its advanced decentralized finance hub on the network, featuring an AMM and perps protocol. In doing so, SparkDEX will leverage Flare’s enshrined data protocols for decentralized data access.

The SparkDEX DeFi Hub is a “friendly fork” of the successful QuickSwap decentralized exchange on Polygon, and is supported by the QuickSwap team. It incorporates a high-performance DEX with a cutting-edge on-chain perpetuals platform that allows trades with up to 100x leverage. More advanced AI components and DeFi strategies will be added in future as the SparkDEX team continues to execute on its roadmap and vision.

5% of the SparkDEX total token supply has been allocated as an airdrop to reward early participants on the platform. 40% of this will be available for existing QuickSwap users. Flare and SparkDEX will also be added to the QuickSwap website network selector menu.

Anita Ng, BD Representative at SparkDEX, comments: “As a high-performance DeFi ecosystem looking to harness the most advanced infrastructure available in the industry, the SparkDEX team strategically selected Flare to leverage their enshrined data protocols. Flare’s comprehensive approach to data management sets its ecosystem apart as the go-to blockchain for data, which will support further innovation and data-driven decision-making on SparkDEX. This marriage of bleeding-edge DeFi with data interoperability from Flare will make a powerful combination.”

The flagship offering on SparkDEX DeFi Hub will be the V2 Perpetuals Exchange, launching later in July and taking advantage of the upgraded Flare Time Series Oracle (FTSO) for real time price feeds to protect against front running and false liquidations. It supports up to 100x leverage, with a range of possible order types, including a unique trailing stop loss feature to help traders protect their positions.

SparkDEX’s Chain Abstraction mechanism aggregates the major perpetual DEXES across 12 chains, including Arbitrum, Optimism & Polygon, and efficiently settles orders by selecting the most favorable route and rate for each trade. Powered by LayerZero, the general message passing network that recently integrated Flare, this abstraction mechanism will ensure users receive the best possible execution from their chain of choice. The DEX will initially offer perpetual futures positions on digital assets, adding commodities and forex once the relevant data feeds are live on Flare’s enshrined oracle, the FTSO.

SparkDEX V3 DEX, now live at https://SparkDEX.ai/, provides access to crypto trading pairs with ultra-competitive liquidity incentives, a generous revenue-sharing model where DEX fees are shared with token stakers, and comprehensive liquidity management. Supported by the Flare network’s new DeFi emissions program, industry-leading rewards are already available on the wFLR-sFLR and wFLR-USDX pools with more to be added in the coming weeks.

“After the recent community approval of the new Flare DeFi emissions program and the integration of LayerZero V2, the launch of SparkDEX is another huge milestone in the rapid advancement of Flare’s DeFi ecosystem. We look forward to seeing significant liquidity inflows into their pools and how that will accelerate the growth of DeFi on Flare. The launch of their perps DEX is going to be particularly exciting” said Flare Co-Founder Hugo Philion.

About Flare

Flare is the blockchain for data: an EVM smart contract platform specifically designed to support data intensive use cases, including Machine Learning/AI, RWA tokenization, gaming and social. With decentralized, enshrined oracles secured at the network layer, Flare is the only smart contract platform optimized for decentralized data acquisition – price & time series data, blockchain event & state data, and web2 API data. By giving developers trustless access to the broadest range of data and data proofs at scale and for minimal cost, Flare expands the utility of blockchain and supports the development of new and improved use cases.

About SparkDEX

SparkDEX is pushing the boundaries of DeFi innovation by combining the apex of available DeFi products, the latest DEX tech, next-gen perps including digital assets, commodities & forex with up to 100x leverage, and the exciting world of emerging AI tech. SparkDEX delivers a unique experience that promises to reshape the way users think of DeFi on Flare.

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MasHash Launches Innovative Cloud-Based Mining Platform to transform Crypto Mining Profitability in 2024 57

MasHash is a well-established provider of cloud-based cryptocurrency mining solutions. In the latest development, the company has announced the launch of its new and enhanced mining platform, designed to transform the way users engage with crypto mining and its profitability.

As we step into 2024, the surge in crypto mining interest highlights its growing importance in the cryptocurrency world. With increased investment and competition, it’s crucial to adopt effective strategies to enhance profitability. This year’s guide provides an in-depth look at the best practices for maximizing returns from crypto mining. From selecting the right hardware and software to understanding market trends and managing costs, this guide covers everything you need to know to achieve optimal results.

Overview of Top Crypto Mining Platforms for 2024

The following guide highlights the leading mining platforms of 2024, each offering unique features for maximizing profits:

  1. MasHash: This advanced cloud-based mining service supports Bitcoin, Ethereum, and Litecoin. With eco-friendly operations, daily rewards, and robust security, MasHash stands out. New users receive a $50 bonus and daily free mining power, with withdrawals available without any deposit requirements.
  2. Hashshiny: Known for its user-friendly mobile app and real-time performance monitoring, Hashshiny offers cloud mining for multiple cryptocurrencies. It provides diversified mining options with competitive fees, though profitability can vary with market conditions.
  3. Binance: Integrating seamlessly with its trading platform, Binance’s mining pool offers high power and transparency, primarily focusing on Bitcoin. It requires a Binance account, which may be complex for beginners.
  4. ECOS: A beginner-friendly platform known for transparency, ECOS allows users to rent mining power to mine Bitcoin and other cryptocurrencies, with a low minimum investment.

Crypto mining is vital for validating transactions and securing blockchain networks. With hardware-based mining requiring specialized equipment and cloud-based mining offering a more flexible approach, understanding these methods is key to optimizing profitability. Factors influencing mining returns include hardware costs, electricity expenses, network difficulty, and cryptocurrency value fluctuations. The important factors affecting crypto mining profitability

  1. Mining Hardware: Investing in efficient hardware, such as advanced ASIC miners or GPUs, is crucial for boosting hash rates and reducing operational costs.
  2. Electricity Costs: Managing electricity expenses is essential for maintaining profitability. Strategies include using energy-efficient hardware and relocating to areas with lower power rates.
  3. Cryptocurrency Market Trends: Staying informed about market trends helps in adapting strategies to maximize returns, as cryptocurrency prices and network difficulty can impact mining profits.
  4. Mining Pool Participation: Joining mining pools enhances profitability by pooling resources and increasing block-solving chances, leading to more consistent rewards.

Tips and Tricks to Maximize Crypto Mining Profits

  1. Invest in Efficient Hardware: Upgrade to high-efficiency miners to boost performance and profitability.
  2. Optimize Mining Settings: Fine-tune software settings to enhance hardware efficiency and performance.
  3. Monitor Market Trends: Stay updated on market changes and adjust strategies to align with current trends.
  4. Join Mining Pools: Leverage collective mining efforts for better returns and stability.
  5. Implement Cost Management Strategies: Reduce energy consumption and operational costs to maintain high performance.
  6. Adopt Sustainable Practices: Embrace eco-friendly methods to minimize environmental impact and potentially lower costs.

For optimal results in 2024, consider starting with MasHash, which offers new users a $50 bonus and daily free mining power. Other platforms like Hashshiny and ECOS also provide valuable features and promotions. Regularly review and adjust mining strategies based on performance and market conditions to ensure continued success.

Maximizing crypto mining profits in 2024 requires a strategic approach. Investing in efficient hardware, optimizing settings, and staying informed about market trends are crucial. By following these best practices and choosing the right platforms, miners can significantly enhance their profitability. Keep adapting and monitoring your approach to stay ahead in the dynamic world of cryptocurrency mining.

About the Company – MasHash

MasHash is a forefront cloud-based cryptocurrency mining provider based in Tokyo, Japan. The company specializes in offering innovative and eco-friendly mining solutions that cater to a diverse range of cryptocurrencies. With a focus on enhancing profitability and maintaining robust security, MasHash is dedicated to supporting the cryptocurrency mining community through cutting-edge technology and sustainable practices.

For more information about MasHash and to experience the benefits of the new mining platform, please visit www.mashash.com.

Embrace Friendship and Joy with $FUKU: The New Token Inspired by the Next-Gen Doge 61

In a move that unites the spirit of the iconic Doge meme with the love of new beginnings, the $FUKU token has officially launched to commemorate the friendship between KabosuMama, the beloved owner of Kabosu (the Shiba Inu behind the Doge meme), and her new friend, Fuku-kun. Drawing on the warmth and joy that Fuku-kun brings to their lives, $FUKU aims to foster a culture of friendship, happiness, and collaboration within the crypto community.

Launched on August 8, 2024, $FUKU has quickly gained traction across the crypto landscape, securing listings on over 10 exchanges and being verified on numerous platforms. With a maximum supply of 420,690,000,000 tokens, the project features unique elements such as LP burned, 0% taxes, no team-controlled tokens, and a renounced smart contract, all of which are designed to build trust and transparency.

The $FUKU community has already seen significant engagement, with contributions to trending efforts, numerous fan art creations, and widespread social media buzz. These successes highlight the project’s resonance with the broader Doge community and its potential to grow even further.

“$FUKU is more than just a meme token; it’s a celebration of the simple joys that Fuku-kun represents,” said a spokesperson for the project Mr. Lightspeed. “We’re thrilled to see the enthusiasm from the community as they embrace this new chapter in the Doge legacy.”

Security Assurance:

In terms of security, $FUKU is committed to transparency and safety. The project is currently undergoing an audit by Cyberscope. Once completed, the audit will be visible wherever the project is listed, providing additional confidence to our token holders.

How to Buy $FUKU:

$FUKU is now available for purchase on multiple centralized exchanges (CEX) including MEXC, LBank, Bitmart, and others. For decentralized exchange (DEX) enthusiasts, $FUKU can be acquired via Uniswap by following these simple steps:

  1. Use a hot wallet like MetaMask or Coinbase Wallet, or a cold wallet like Ellipal.
  2. Fund your wallet with ETH through your preferred method, ensuring you have enough to complete the transaction.
  3. Connect your wallet to Uniswap.org, select ETH, and enter $FUKU’s contract address.
  4. Complete the swap and join the $FUKU community.

The $FUKU project will continue to expand its reach, with plans for further exchange listings, community-driven initiatives, and collaborations that align with the token’s core values of joy and friendship.

Orderly Network Gears Up for $ORDER Token Launch, Revolutionizing DeFi with Institutional-Grade Liquidity for Onchain Perpetual Trading 92

Combining high-speed execution and omnichain liquidity to deliver a CEX-like trading experience onchain for traders and builders

Orderly Network, an innovative L2 that offers trading infrastructure and an omnichain liquidity layer, is on the brink of a significant milestone with the imminent launch of its highly anticipated $ORDER token on August 26, 2024. As the TGE approaches, Orderly is solidifying its position as a leader in DeFi, emerging as the second most active protocol on LayerZero Labs – recently crossing over 1M messages – and the largest, most efficient user of Celestia for data availability.

Orderly Network offers an orderbook-based trading infrastructure and an omnichain liquidity layer, equipping DeFi projects with institutional-grade liquidity for both spot and perpetual trading across a diverse range of assets.

Orderly Network ensures seamless trading via an orderbook across multiple networks, guaranteeing liquidity and achieving high execution speeds. This combination delivers a CEX-like trading experience while ensuring self-custody and transparency with all trades settled on the Orderly Chain. Orderly leverages Celestia for modularity and Layerzero for secure cross-chain messaging.

With over 20 DEXs and even major CEXs like WOO, BTSE, and AscendEX leveraging its infrastructure, Orderly Network is rapidly emerging as the ultimate destination for DEX building and the permissionless liquidity layer for all Web3 trading.

Key Achievements and Milestones

  • Over $80 billion in total trading volume
  • Deployment on six major blockchain networks
  • More than $50 million in Total Value Locked (TVL)
  • A user base exceeding 290k unique wallets

Orderly Network’s robust infrastructure is bolstered by key partnerships and integrations, having onboarded 20 brokers, listed 50+ EVM perp symbols, and launched its first user-facing product, Orderly Quantum Pools. Noteworthy collaborations with industry giants such as Google Cloud, OP, LogX, Celestia, and LayerZero further reinforce Orderly’s mission to supercharge the future of omnichain perps trading on any chain, any asset, any interface –all settled on Orderly Chain.

The Orderly Chain serves as the settlement and ledger for all transactions (i.e. transaction data, user data balances, and trading data) on Orderly Network, maintaining seamless operations even in the unlikely event of a downtime to the matching engine orderbook. This resilience means that brokers on Orderly Network can confidently manage trading positions and user balances, ensuring uninterrupted service. With all trades settled on the Orderly Chain, Orderly unlocks cross-netting capabilities previously unavailable in DeFi, similar to the function of the CME in TradFi.

Arjun Arora, COO Orderly Network, speaking on the upcoming launch echoed;
As we prepare for this pivotal moment in our journey, we are eager to reward our earliest supporters who have been instrumental in our growth. The launch of our token is not just a milestone for Orderly Network, but a celebration of our community’s contributions and a look ahead to the future. We are excited to see the evolution of Orderly and the transformative impact it will have on DeFi trading.

Some DEXs and Products Powered by Orderly

  • Quickswap;
  • Elixir;
  • WOOFi Pro;
  • LogX;

For more information on Orderly-powered brokers, visit
https://orderly.network/docs/introduction/trade-on-orderly/brokers

Orderly Merits Campaign: The Road to the Order

As part of the build-up to its token launch, Orderly Network introduced “The Road to the Order” campaign, a gamified initiative designed to engage and reward active traders with “Merits.” The campaign enabled traders to earn Merits with every trade, contributing to their portion of the upcoming airdrop this August, post-TGE. Users are now able to view their earned merits and claim their airdrop once $ORDER goes live.

The campaign averaged over 50,000 weekly active traders, spread across six tiers of active trading within the Orderly Merits program. For additional details on the campaign earned Merits, visit the Road to The Order and Merits Status pages.

“We are incredibly excited for Orderly Network to become more community-owned as we move forward. This token launch represents a significant step in our journey, allowing us to reward our earliest supporters and engage with our growing community in new and meaningful ways. We’re thrilled to see how this next phase unfolds and to continue pushing the boundaries of DeFi trading together.” said Ran Yi, Co-founder, Orderly Network.

Orderly Network’s rapidly increasing ecosystem, alongside its innovative trading infrastructure, sets up its token launch event as one of the most anticipated drops this summer. By creating an innovative L2 with high-speed execution, omnichain liquidity, and an intuitive orderbook interface, Orderly Network is not only enhancing the trading experience but also setting new standards for efficiency, security and performance in DeFi trading.

World’s First Crypto-themed Immersive Theater, Decode: Legacy, Hosted by HashKey Capital, Aethir and CARV Releases Trailer 60

HashKey Capital has just announced an exciting partnership with Aethir and CARV as co-hosts for the highly anticipated Decode: Legacy event at Token2049 Singapore. On September 17th, 2024, this groundbreaking immersive theatre experience will transform the iconic Raffles Hotel into a living stage where the mysteries of the crypto world come to life.

Decode: Legacy isn’t just another crypto event—it’s a first-of-its-kind theatrical journey that merges the thrill of live theatre with the dynamic history of crypto space. Designed for both crypto enthusiasts and theatre lovers, Decode: Legacy promises to captivate audiences with a mystery thriller that unravels 16 years of crypto history, from Bitcoin’s inception to the dawn of ETFs. Attendees will interact with iconic Web3 characters, solving puzzles and uncovering secrets, all while immersed in the historic grandeur of Raffles Hotel. In fact, HashKey Capital has unveiled the concept trailer to give guests a glimpse of this revolutionary event here.

The event’s co-hosts bring cutting-edge technology and visionary ideas to the table:

Aethir will showcase its pioneering decentralized, AI-focused GPU-as-a-Service technology through interactive experiences. Attendees can expect to see how Aethir’s cloud compute infrastructure is revolutionizing AI, gaming, and virtualized compute operations.

“We’re thrilled to collaborate with HashKey and CARV to create a standout Theater event at Token2049 Singapore. The legacy of cryptocurrency is deeply connected to its decentralized roots, embodying a collective drive to reshape the balance of power in the digital world. Decode: Legacy will highlight how decentralized technologies, like Aethir’s cloud compute network, are pioneering innovation in AI, DePin and cloud gaming,” said Mark Rydon, co-founder and CSO of Aethir.

CARV will lead the charge in redefining data ownership within the gaming and AI sectors. Through blockchain-based challenges at Decode: Legacy, CARV will demonstrate the real-world applications of its technology, empowering individuals to control, verify, and monetize their data.

“We’re excited to join forces with HashKey and Aethir to co-host Decode: Legacy at Token2049 Singapore. As pioneers in the industry, CARV is dedicated to empowering individuals through data ownership in the gaming and AI sectors. By integrating our cutting-edge blockchain technology into this immersive experience, we’re not just showcasing innovation—we’re redefining how data can be controlled, verified, and monetized in real-time. Decode: Legacy is a unique opportunity to bring these revolutionary concepts to life in an engaging and memorable way”, said Victor Yu, CARV COO

This exclusive, invite-only event will gather the brightest minds and top influencers in the Web3 space, offering an unparalleled networking opportunity wrapped in an unforgettable theatrical experience. With coverage by leading media outlets such as CoinTelegraph, PANews, BlockBeats, and others, Decode: Legacy is set to be the talk of Token2049.

As the Web3 space continues to evolve, new stories emerge every year. HashKey Capital plans to take this groundbreaking show on the road, bringing it to crypto events worldwide and allowing more people to relive pivotal crypto moments through creative narratives that transport them to another world.

Get a glimpse of the show here: https://x.com/HashKey_Capital/status/1826803244645118116

About HashKey Capital

HashKey Capital is a global digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industry.

As one of the largest crypto fund managers and being the earliest corporate investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception. Leveraging its unparalleled expertise, HashKey Capital’s venture investments team oversees a diversified portfolio of over 600 pioneering projects across institutional services, infrastructure, data, AI, consumer services/ technology and more.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

About Aethir

Aethir is the leading DePIN, enterprise-grade, AI-focused GPU-as-a-Service provider in the market. Founded in 2021, Aethir leverages a highly distributed cloud computing infrastructure to enable GPU providers to serve AI and gaming customers at scale. Backed by top venture capital firms such as Sanctor Capital, Hashkey, Merit Circle, CitizenX, and Animoca Brands, Aethir is dedicated to supporting enterprise AI clients who require the world’s most powerful AI chips, as well as hundreds of thousands of cloud gaming players who demand best-in-class experiences worldwide. This is all achieved through a decentralized architecture, bringing the GPU cloud to the community and making computing accessible for all.

Website: https://aethir.com/
Twitter: @Aethir

About CARV

CARV is a modular data layer for gaming, AI, and ∞. Committed to pioneering a future where data generates value for all, CARV has developed CARV Protocol, an integrated modular data layer with over 40 chain ecosystems, CARV Play, its flagship gaming superapp, and CARV Labs, the accelerator arm to drive mass adoption and ecosystem building.

CARV is backed by leading investors including Temasek’s Vertex, HashKey Capital, ConsenSys (Metamask), Animoca Brands, Tribe Capital, Alibaba Group, IOSG, MARBLEX, and more with $50M in funding.

CIZVERSE Renovates Digital Space with a Next-Gen Internet Solution! 58

Witnessing significant advancements in Web3, innovative solutions are actively emerging every day to address current market limitations. CIZVERSE presents user-centric galaxy of interactive spaces where they can trade within secure and scalable Bitcoin-powered internet platform.

In the AI-blockchain ecosystem, CIZVERSE identifies assets’ value in defining identity and value, with their traction and collateral value determining peer trading limits and seamless smart contract deployment. This platform enhances virtual asset creation with in-house 3D sculpting tools, allowing users to design assets manually.

The all-new approach empowers users to build immersive environments effortlessly through drag-and-drop system, utilizing a vast library of animated assets. This streamlines the support with user-friendly in-house tools and ensures creation of interactive environments.

“We aim to elevate the digital space, focusing on creating user-generated virtual assets and environments. Our vision toward the broader Web3 space with novel solutions opens doors to vast opportunities by addressing key aspects in the evolving ecosystem.” – Dr. Gabrirl Paul Wilson, Founder.

Inspired by highly functional Bitcoin architecture, the platform tries to bring innovative additions, embracing the potential for mass adoption beyond institutional investors. With the automated AI workflow, users can directly import real-world assets into web environment and minimize the efforts of a demanding process.

The platform adds new colors to significant realms in Web3 space with NFT 2.0 and DeFi 2.0, providing true value and ownership for NFTs and transforming DeFi with augmented liquidity. Adding more to the innovation, users can heighten NFTs’ face value with liquidity backing. The exclusive NFT-focused solutions also pave the way for memes to be introduced in virtual reality.

Eliminating 2-5% of third-party conversion fees, CIZVERSE redefines crypto ecosystem by introducing true P2P currency transactions. Additionally, driving a significant change in staking arena, users can now stake assets to explore adventurous elements in the thriving landscape.

For those who aspire to be at forefront of productive change and transform the evolving industry, CIZVERSE presents the optimal avenue to explore energizing web environment with new functionalities. As you are provided with a choice to be driving force of the new-gen digital era, consider joining CIZVERSE’s community to embrace the latest and productive solutions.

TerpLayer Unveils Advanced Solutions to Enhance Bitcoin’s Decentralized Liquidity 61

In the competitive landscape of the Bitcoin ETF market, decentralized finance (DeFi) traders are seeking new avenues to leverage opportunities. However, the success of these endeavors is closely tied to the availability of deep liquidity. Despite Bitcoin’s status as a leading digital asset, its ecosystem lags behind other blockchains such as Solana, BNB, and Ethereum in on-chain activity. TerpLayer addresses this critical gap with its innovative Bitcoin Decentralized Liquidity Protocol.

Addressing Decentralized Market Liquidity Gaps

Despite Bitcoin’s significant market cap, its potential in decentralized trading has not been fully realized, unlike Ethereum, largely due to the lack of effective liquidity protocols. This gap has limited Bitcoin’s trading volume and engagement in the DeFi space.

Introducing TerpLayer’s Bitcoin Decentralized Liquidity Protocol

TerpLayer is revolutionizing Bitcoin’s liquidity in decentralized markets with its TerpLayer Atomic Swap (TAS) technology and TPUSD stablecoin. TAS enables seamless swaps between Bitcoin and USDT on EVM-compatible chains, while TPUSD provides a stable, secure medium for transactions within the Bitcoin network. These technologies are poised to bridge the liquidity gap between Bitcoin and other major blockchains in the DeFi space.

Core Technologies Enhancing Bitcoin’s Liquidity

At the heart of TerpLayer’s offering is its TerpLayer Atomic Swap (TAS) technology, which facilitates secure and efficient cross-chain exchanges between Bitcoin and USDT on EVM-compatible chains. This technology enhances liquidity by enabling trades across networks without compromising speed or safety.

The TPUSD stablecoin, designed specifically for the Bitcoin network and anchored to USDT, complements TAS by offering stability and security in transactions, thereby supporting consistent trading activity and enhancing market stability.

TerpLayer’s World State Tree (WST) technology further strengthens the ecosystem by providing real-time tracking of Bitcoin addresses, improving data access and transparency.

Breakthrough in Decentralized Trading: AMM on Bitcoin Layer-1.5

TerpLayer’s introduction of Automated Market Maker (AMM) decentralized trading on the Bitcoin Layer-1.5 is a significant advancement in Bitcoin’s DeFi capabilities. Utilizing liquidity oracles and TAS technology, this solution enables decentralized Bitcoin trading without the complexities of cross-chain operations or prior authorizations, simplifying trading and making it more accessible to users.

Future Prospects: Terpolly and Genesis Inscriptions

Terpolly, the first set of inscriptions within the TerpLayer ecosystem, symbolizes ownership and grants transaction dividend rights to holders. These inscriptions not only generate passive income but also pave the way for future developments within the TerpLayer ecosystem, indicating a promising future for new financial tools and investment opportunities.

Leading the Way in Bitcoin’s Decentralized Liquidity

As the Bitcoin ecosystem continues to evolve, driven by technologies like atomic swaps, TPUSD, and AMM on Bitcoin Layer-1.5, addressing liquidity gaps will be crucial for broader adoption and efficient trading. TerpLayer is setting the stage for the next phase of growth in Bitcoin’s decentralized finance landscape.

Explore the future of decentralized finance with TerpLayer. Visit the website for more information and join the growing community on social media for the latest updates and insights.

Contact Information:
Website: https://terplayer.org/
X: https://x.com/terp_layer