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No matter what the most successful traders do on various platforms, everyone knows that liquidity pools are what many people live on, and many started with them. So, on the $TON network, you can now find the largest number of pools, which, in addition to their main functions, have several other features that I will discuss below.
I took all the pairs from the STONfi exchange, as it currently offers the largest number of these pools, and the TVL of this exchange is now higher than any other within the network. So, my choice fell on it.
I'll start with the TONG/TON pair because it currently has the highest APR in conjunction with farming, and this pair can also be called a long-lived one as it has been holding an APR above 100 for over a year.
The second pair I want to talk about is STON/USDT. This pair is the exchange's shield, as it is the only one with a well-designed mechanism for protection against impermanent loss, and this mechanism has been working for over a year without complaints or errors. This pair was also the first to receive infinite farming status.
And the third pair is a stablepool. tsUSDe/USDe, in addition to being a stablepool, is also a good representative of the new mechanics, in which you choose the ratio of tokens entirely at your discretion and according to a pre-selected strategy. #EthereumFoundationUnveilsItsStrawmap A Comprehensive Look at Ethereum’s Long‑Term Vision (2026‑2029)
📍 What Is the “Strawmap”?
The #EthereumFoundationUnveilsItsStrawmap refers to the Ethereum Foundation’s recent release of a long‑term technical blueprint informally called the Strawmap. Published in late February 2026, this document outlines a multi‑year plan for Ethereum’s base‑layer (Layer 1) development through the end of the decade. Rather than a fixed roadmap, it’s a strawman a flexible, early proposal designed to help researchers, developers, and the broader ecosystem align on long‑term priorities and dependencies across future upgrades.
Long‑Range Development Through 2029:
The Strawmap outlines up to seven protocol upgrades (hard forks) projected between now and 2029. These proposed upgrades are spaced roughly six months apart and cover broad themes intended to scale, secure, and evolve Ethereum’s core blockchain architecture. The plan was introduced by Justin Drake, a researcher with the Ethereum Foundation’s protocol team, as a coordination tool rather than a binding schedule.
Five Long‑Term Goals (“North Stars”)
At the heart of the Strawmap are five ambitious objectives that will influence Ethereum’s evolution over the next several years:
Fast L1 Finality: Reduce the time it takes for blocks to become irreversible, aiming for near‑instant confirmation by gradually shortening slot and finality intervals.
Gigagas Layer‑1 Throughput: Expand base layer capacity toward ~10,000 transactions per second (TPS) through optimized execution environments and future technologies like zk‑EVM proving.
Teragas Layer‑2 Scaling: Enable massive throughput on Layer 2 networks potentially ~10 million TPS by enhancing data availability and scaling ecosystems like rollups.
Post‑Quantum Security: Prepare Ethereum’s cryptography to resist future quantum computing threats by integrating quantum‑resistant signature schemes.
Native Privacy: Introduce protocol‑level privacy features, such as shielded ETH transfers, to protect transaction details directly at the blockchain layer.
How the Strawmap Is Structured:
The Strawmap isn’t a traditional step‑by‑step roadmap; it’s intentionally labeled a strawman to signal that it’s a starting point for discussion and refinement. It organizes upgrades across three major protocol layers consensus, data, and execution showing how proposals relate and depend on one another. Rather than focusing on isolated changes, the Strawmap connects long-term ideas into a coherent visual structure for tracking technical progress and coordination.
Future Hard Forks Names and Sequence:
Some planned upgrades already have early identifiers, including Glamsterdam and Hegotá, scheduled for the mid‑2020s. Later forks remain unnamed placeholders, reflecting the evolving nature of research and community feedback. Each fork is expected to bundle several technical improvements, with a rough cadence of one upgrade roughly every six months — though this schedule will adjust based on community discussions, testing outcomes, and tooling advances.
Technical Targets for Ethereum’s Core:
Blocks and finality: Currently, Ethereum’s block production occurs every ~12 seconds, with finality (confirmation) measured in minutes. The Strawmap envisions shortening slots to possibly as low as 2 seconds and finality to single‑digit seconds, significantly enhancing user experience and network responsiveness.
Throughput: A “Gigagas” L1 could bring base layer throughput to around 10,000 TPS, a substantial leap from present capabilities, helping Ethereum handle more transactions without overreliance on Layer 2. Layer‑2 scaling (“Teragas”) aims to push millions of TPS across rollups through improved data availability sampling and integration.
Security & privacy: Phase‑by‑phase integration of post‑quantum cryptography (e.g., hash‑based signatures) will help future-proof Ethereum against emerging computing risks. Native privacy features are also planned to allow shielded ETH transfers without third-party protocols.
Research‑Driven and Community‑Focused:
The Strawmap originated from an internal workshop at the Ethereum Foundation in January 2026 and was intentionally made public to foster transparency and community involvement in development planning. Its draft nature highlights that it will evolve as research progresses, feedback is gathered, and real‑world testing shapes feature viability. The EF describes it as a coordination tool to help align researchers, clients, and governance participants on a shared vision for Ethereum’s future.
Market Reaction and ETH Context:
Following the Strawmap announcement, Ether (ETH) experienced volatility as investors digested the long‑term vision. Although short-term price movements are influenced by macro sentiment and near-term catalysts, the Strawmap has been seen as a bullish signal for Ethereum’s technological commitment and ecosystem maturity, reassuring developers and holders that substantial upgrades are planned over the coming years.
Long‑Term Vision Beyond the Merge:
The Strawmap represents the most detailed view yet of Ethereum’s Layer 1 ambitions since the Merge in 2022, which shifted Ethereum from proof‑of‑work to proof‑of‑stake. By laying out a multi-year strategy focused on speed, scale, security, and privacy, Ethereum is positioning itself for broader mainstream adoption, institutional usage, and infrastructure resilience. This forward-looking approach reinforces Ethereum’s status as the world’s leading smart-contract blockchain and a core platform for decentralized applications, finance, and digital assets.
📌 Final Takeaway:
The unveiling of Ethereum’s Strawmap is not a definitive blueprint etched in stone, but a strategic conversation starter. It crystallizes Ethereum’s long-term goals into a flexible, evolving framework. By coherently aligning multiple ambitious upgrades across years of development, the Ethereum Foundation has showcased its commitment to sustainable, incremental evolution of the protocol a roadmap built not just for the next year, but for the entire decade through 2029 and beyond.
$ETH {currencycard:spot}(ETH_USDT) Markets pulse with raw energy — liquidity floods in during risk-on phases, euphoria pulls the crowd into oversized bets, then risk-off hits and panic wipes out the undisciplined. Yet the true strategic leader never lets the cycle dictate size. They reach for one quiet, time-tested compass: the Kelly Criterion. It doesn’t promise riches; it simply asks the only question that matters for capital survival: “What fraction of my edge should I actually risk right now?”
Think of it as psychological armor. The herd feels FOMO in upswings and loss aversion in drawdowns. Kelly removes emotion from sizing by forcing you to calculate your true edge before ever touching position size. It turns every trade into a deliberate data point instead of a gut reaction.
Here is the strategic framework, cleanly layered:
The classic Kelly formula for a single bet or trade opportunity is:
f* =bp - q÷b
where
- ( f*) = optimal fraction of total capital to risk
- ( b) = net odds received on the wager (decimal odds minus 1; in trading, think reward-to-risk ratio)
-( p ) = your estimated probability of winning
-( q ) = 1 − p (probability of losing)
In macro-augmented practice, you don’t plug in raw numbers blindly. You adjust \( p \) dynamically according to the liquidity cycle: Fed pivot signals, on-chain capital flows, or regime shifts. Risk-on environments may lift your edge temporarily; risk-off environments crush it. Kelly forces you to shrink \( f^* \) the moment macro liquidity tightens — protecting the portfolio before the crowd even notices the tide turning.
For real-world execution discipline, most seasoned operators never run full Kelly. They use half-Kelly or fractional Kelly (0.25× to 0.5×) because the model assumes perfect probability estimates — and markets rarely grant perfection. That fractional buffer is pure capital-preservation intelligence.
Risk balance is non-negotiable. Full Kelly can be mathematically optimal but psychologically brutal — one bad streak and drawdowns feel savage. Over-reliance on it during extreme volatility can still trigger overtrading if your edge estimate is inflated by confirmation bias. The sustainable path is simple: calculate Kelly, then apply your personal risk filter, then size. Discipline always overrides the raw number.
When you internalize this, you stop managing positions and start managing rhythm. The market no longer pushes you; you decide the exact exposure the cycle deserves.
Now the leadership question only you can answer: When you sit down to size your next position, will you let the crowd’s emotion set the fraction — or will you let Kelly force you to respect your real edge and protect what you’ve already built?
#深度创作营
#DeepCreationCamp Bitcoin Project Research Report
Comprehensive Analysis of BTC
1. Project Overview
Bitcoin is the first decentralized digital currency created in 2009 by the pseudonymous developer Satoshi Nakamoto. It introduced blockchain technology to the world and solved the double-spending problem without requiring a central authority.
Bitcoin operates as a peer to peer electronic cash system and is often referred to as digital gold due to its limited supply and store of value characteristics.
Launch Year. 2009
Blockchain Type. Layer 1
Consensus Mechanism. Proof of Work
Maximum Supply. 21 million BTC
2. Problem Bitcoin Solves
Before Bitcoin, digital payments required intermediaries like banks. These systems were centralized, slow, and vulnerable to manipulation.
Bitcoin solves:
• Centralized control of money
• Double spending problem
• Inflation caused by unlimited money printing
• Cross border payment inefficiencies
Bitcoin provides a decentralized, transparent, censorship resistant financial system.
3. Technology and Infrastructure
Bitcoin runs on its own blockchain network secured by miners through Proof of Work.
Key Technical Features:
• SHA 256 cryptographic hashing
• Block time approximately 10 minutes
• Halving every 4 years
• Lightning Network for faster transactions
The Lightning Network improves scalability by allowing off chain transactions with near instant settlement.
4. Team and Governance
Bitcoin has no CEO, no central company, and no formal headquarters.
It is maintained by open source developers worldwide. Decisions are made through community consensus and improvement proposals known as BIPs.
This decentralized governance increases trust and neutrality.
5. Tokenomics
Total Supply. 21,000,000 BTC
Circulating Supply. Over 19 million BTC
Issuance Model. Halving every 210,000 blocks
Inflation Rate. Decreasing over time
Token Utility:
• Store of value
• Medium of exchange
• Settlement asset
• Reserve asset for institutions
Bitcoin is deflationary due to fixed supply, making scarcity one of its strongest value drivers.
6. Market Analysis
Bitcoin is the largest cryptocurrency by market capitalization.
Market Position:
• Ranked number 1 in crypto market
• Dominates total crypto market cap
• Highly liquid across global exchanges
• Institutional adoption increasing
Major institutional adoption includes companies like MicroStrategy and asset managers such as BlackRock launching Bitcoin related investment products.
Bitcoin is often compared to gold as a hedge against inflation.
7. Competitive Landscape
Bitcoin competitors include:
• Ethereum for smart contracts
• Stablecoins for payments
• Central Bank Digital Currencies
However, Bitcoin maintains dominance as a secure decentralized store of value.
8. Roadmap and Future Development
Bitcoin development focuses on:
• Scalability improvements
• Lightning Network expansion
• Privacy upgrades
• Institutional adoption growth
Upcoming improvements aim to increase efficiency and usability without compromising decentralization.
9. Security and Risks
Security Strengths:
• Most secure blockchain network
• Highest hash rate
• Proven track record since 2009
Risks:
• Regulatory uncertainty
• Mining energy concerns
• Price volatility
• Competition from emerging technologies
Despite risks, Bitcoin has shown resilience through multiple market cycles.
10. Investment Potential
Short Term Outlook:
• Volatility driven by macroeconomic events
• Influenced by interest rates and global liquidity
Long Term Outlook:
• Increasing institutional adoption
• Limited supply with growing demand
• Potential digital gold narrative strengthening
Risk vs Reward:
Bitcoin is considered lower risk compared to altcoins but still volatile compared to traditional assets.
11. Fundamental Strength Score
Technology. Strong
Security. Very High
Adoption. Growing
Tokenomics. Strong
Risk Level. Medium
Overall Fundamental Rating. Strong Long Term Asset
12. Conclusion
Bitcoin is the foundation of the cryptocurrency industry. Its decentralized structure, limited supply, strong security, and growing institutional adoption make it one of the most powerful financial innovations of the modern era.
As the first blockchain created by Satoshi Nakamoto, Bitcoin has transformed global finance and continues to shape the digital economy.
For long term investors, Bitcoin remains a core portfolio asset. For traders, it provides liquidity and volatility opportunities. For institutions, it represents digital scarcity in an inflationary world.
Bitcoin is not just a cryptocurrency. It is a financial revolution.
#DeepDiveCreatorCamp #DeepCreationCamp Bitcoin continues to trade in a structurally bullish market environment, maintaining higher highs and higher lows on the daily timeframe. After a strong impulsive rally, BTC entered a consolidation phase, forming a tight range that suggests accumulation rather than distribution. This type of price action often precedes another expansion move.
On the daily chart, the key support zone lies around the previous breakout region, which is acting as a demand block. Buyers have consistently defended this level, showing strong spot absorption and reduced selling pressure. As long as BTC holds above this support, the broader bullish trend remains intact. A sustained close below this zone, however, could trigger a deeper retracement toward the next liquidity pocket.
Resistance is positioned near the recent swing high. A clean breakout with strong volume above that level would confirm continuation toward new highs. Volume analysis shows decreasing sell volume during pullbacks, which supports the bullish narrative. Market structure remains positive unless a lower low is formed on the higher timeframe.
From a technical indicator perspective, RSI is cooling off from overbought conditions and hovering in a neutral-bullish zone. This reset provides room for another upside push. MACD momentum remains positive but slightly flattening, reflecting consolidation rather than reversal.
On lower timeframes, liquidity sweeps below equal lows have already occurred, suggesting smart money accumulation. If BTC builds momentum and breaks above range highs, volatility expansion is likely.$BTC {currencycard:spot}(BTC_USDT) #深度创作营
When a major financial institution or market maker suddenly sells a large portion of its holdings, it’s essential to understand the market reaction in detail. #JaneStreet10AMSellOff represents such an event, where a significant position liquidation by Jane Street around 10 AM caused immediate ripple effects across various asset classes. This post provides a comprehensive, data-driven breakdown of the sell-off, its triggers, technical market implications, and macro-level context, including Bitcoin, equities, currencies, and other high-risk assets.
Jane Street is a globally recognized quantitative trading firm and liquidity provider, especially known for algorithmic strategies, high-frequency trading, and managing massive institutional portfolios. Market makers like Jane Street provide liquidity in financial markets, reducing bid-ask spreads and facilitating smooth trading for other investors. Because of their significant capital and sophisticated risk systems, their decisions can shift market sentiment, especially when executed at scale.
The indicates that around 10 AM (local or U.S. market time), Jane Street executed a large-scale sale of certain assets or holdings. The impact was immediate: rapid downward pressure on prices, temporary withdrawal of buyers, and increased market volatility. This time is particularly sensitive because it often coincides with economic data releases, central bank statements, or high-frequency trading triggers.
Large-scale institutional sell-offs are generally triggered by portfolio rebalancing, risk management, economic data, policy announcements, or algorithmic triggers. Quant firms like Jane Street constantly monitor risk thresholds, and sell-offs help maintain exposure limits, mitigate potential losses, and improve capital efficiency. Morning economic releases, including inflation, employment, or interest rate data, can prompt immediate portfolio adjustments, while algorithmic systems automatically execute trades when thresholds are breached, sometimes amplifying market swings.
When a major liquidity provider sells aggressively, immediate market effects include price decline and spikes in volatility. Buyers temporarily step back, supply exceeds demand, and prices drop rapidly in thinly traded markets. Volatility increases due to abrupt price swings, rapid upward and downward movements, higher correlation across risk assets, and testing of stop-loss orders and margin positions.
Following the sell-off, BTC experienced a short-term correction, but technical indicators show a mixed picture. The RSI rebounded from neutral/oversold levels, indicating renewed buying interest. MACD shows divergence from prior bearish trends, while the bullish crossover is pending, indicating sellers are losing control. Moving averages indicate that short-term (20/50 EMA) provides resistance while long-term (100/200 SMA) supports price at key levels, suggesting a consolidation phase before the next breakout.
Key BTC support levels are $66,000–$65,000 and $63,000 pivot, while resistance exists near $69,000–$70,000 and $72,000+. Reclaiming $70K is a key technical milestone for near-term bullish confirmation.
The sell-off also interacts with broader macro factors. Central bank policies influence risk appetite and BTC/crypto prices. USD strength can pressure risk assets, while treasury yields influence capital flows. These macro elements amplify or dampen the technical impact of large institutional trades.
Investor behavior following a sell-off typically includes panic selling from short-term traders, dip buying and reentry from more strategic investors, and range trading during consolidation phases while waiting for breakout confirmation.
In conclusion, #JaneStreet10AMSellOff does not signal a market crash but represents strategic liquidity management. Market structure remains intact, volatility tests short-term support levels, and macro trends and technical indicators suggest potential for recovery. Large institutional sell-offs like this are normal operational behavior rather than bearish market signals. Price movement reflects a combination of trader psychology, algorithmic triggers, and structural market dynamics rather than mere panic selling.
#JaneStreet10AMSellOff 
