FriendTech is part of a wider thesis that we have been discussing at Manifold. We will be publishing a longer write-up in the future.
Previously, Web3 applications were focused on onboarding existing crypto-native / DeFi users who were already familiar with the crypto stack.
Manifold
259 posts
A systematic, quantitative investment firm. Disclaimer: Tweet =\= investment advice. We may have positions in tokens, instruments, protocols discussed.
Joined October 2021
- Apparently there were rumors and misinformation today on "FriendTech imploding" and that CL and Manifold were involved. This is clearly false and completely impossible. On the trading side, our accounts' FT portfolios combine for <1% of FT TVL as well as our AUM - not sure how
- Most funds have at least 1-2 partners super active on friendtech already. They are all talking about friendtech during their IC this week, like it or not. They need to deploy, but how many things are there in crypto that's exciting & investable? Each week, they realize thisYou’re unable to view this Post because this account owner limits who can view their Posts. Learn more
- Getting a lot of inbounds from accounts that want to launch snipe-prevented. To make it easier, sign up on this Google Form - open to everyone: forms.gle/aSmKSJrXK7dSJK… We'll run this completely for free - we just want to do our part in keeping value within the ecosystem.Some bot sniped 50 Friend Tech keys of Unibot on launch for 11.3E Made over $120k in a few minutes at current pricesdocs.google.comSnipe Prevention on FriendTechNote: If we have already confirmed / talked to you, you don't need to submit this form. Disclaimer: We will not be charging anything for letting people use our tech - we just want to add value to the...
- If any hacker gains access to a FriendTech account via simswap/email hack, they can rug the whole account If you assume 1/3 of FriendTech accounts are connected to phone numbers, that's $20M at risk from sim-swaps FriendTech's current setup also technically allows a rogue devThis Post is from a suspended account. Learn more
- So what is the fairest way to launch a big FriendTech account? With the current setup of FriendTech, fair launches have not been possible. Sniping & non-transferability of keys makes it difficult to onboard big users. Snipe-prevention/self-snipe was only the first step. We
- "We're just gambling on vaporware" is a common theme echoing through CT. It seems like crypto only found PMF in pure speculation on shiny tickers. Where do we go from here? In our more recent thesis, we dive deeper into where we see the game evolving:
- High chance SA "hack" was an intentional rug masked as an exploit SA had an upgradeable contract fully controlled by anons pointing to an unverified contract - classic setup for insider exploit Disconnect Twitter + withdraw from SA wallet, their wallet safety also unknownI've looked at the exploit tx and UNVERIFIED @starsarenacom contract and as far as I understand this happend (might be totally wrong tho I'm a noobie): They added a bunch of unnecessary function to the code that regular user will not ever touch and because the contract is not
- Replying to @ManifoldTradingWe've deposited 50 ETH to start, going to start buying keys of accounts that we like & respect!
- In 2024, Hyperliquid is growing rapidly but there is no way to invest directly. Everyone knows HL will hit, but points are now uber-competitive. In order to gain exposure to HL beta, we decided to build positions in multiple HL spot alts over time. Though the correlation mayHow I missed investing in Uber and how it directly led me to one of my most incredible trades. This is actually one of the most memorable stories because its a lesson of turning a private market insight into a fully actionable public market short. In 2014 Uber was raising and
- Best signal for true adoption? Users start spending days building infrastructure & tooling on top of an app - fully organically We saw this with DeFiPulse/Llama for DeFi, RarityTools for NFTs, all the FriendTech tools, etc This is PMF - Fantasy is the start of a new ecosystemI finished my first version of my data tool for @fantasy_top_. fantasydata.xyz The priority was to get online as quickly as possible with some basic information. It basically took me 24 hours to get to this stage, so i would say not bad. It may be buggy and I still need
- Welcome @Bassjackers to FriendTech! First big DJ/Music artist to launch snipe-prevented. This time we helped the account sell into the sniper bots - allowing fans to buy lower. If you are running a sniper bot, we recommend not trying because that's how you blow up 7E again :)Replying to @ManifoldTrading @shill_ivey and 7 othersWelcome @ysiu to FriendTech! It's great to see some of the most well known people in the space like Yat launching snipe-prevented in order to circumvent value-extractive bots. We'll be open-sourcing the transfer/pre-sale proxy contract soon to allow for even fairer launches.
- We'll be looking closely at teams participating in the Big Bang. Excited to meet developers building on @blast_l2 and looking forward to back some of them!The Blast Testnet is OFFICIALLY LIVE With it, the Blast BIG BANG competition officially begins. Dapps can compete to get in front of 100k users & $1.3B in TVL, connect with top investors, and earn the Blast Airdrop.
- We've been impressed by this team's ability to work hard and ship fast. Excited to work together with Pandora!
















