Not really bailing out retail. There was enough liquidity for retail users to exit the tokens at risk without a penalty.
On the other hand the VCs themselves that are large owners of the tokens in Solana ecosystem would incur large losses, and that's excluding additional losses from reputation in future. It just shows how successful Jump VCs are when they put up $320M in a few hours. Maybe a month of their PnL?
I don't see how this is an indicator of that. They didn't put in USD. They put in ETH. Which is a thing that has no requirements to be backed by fungible legal tender reserves. So, they're not actually putting up cash as a replacement. It's more like they're putting up assets as a replacement, but it's not even that concrete really. They're not the same thing.
They're trading in chits, not money, when things like this happen. At least that's the case for as long as you can't regularly and commonly transact in ETH. The spot price/value of ETH multiplied across all the ETH that exists doesn't seem to be a description of total USD (or EUR or whatever) reserves available to convert ETH to USD, et al. as far as I can tell.
The point I'm making is that this says absolutely nothing about their ability to eat a $320M loss because they didn't eat a $320M loss if what they put up was ETH because they can't transact in ETH, they don't fund their operations in ETH, they don't pay their LPs returns in ETH, etc. etc. etc.
It might well be that they can eat a $320M loss on the regular, but if so, this situation isn't any kind of indicator of it.
If you're booking each leg with different carrier, I find it best to pay the little extra with kiwi.com and they give you guarantee for the connection. I missed connection twice and they always got me on the next flight to the destination for free.
Alacrity is a well funded early-stage startup founded by seasoned legal, finance and procurement professionals. Our mission is to create technologies which enhance the relationship between corporates and law firms to improve service delivery, reduce costs and manage relationships more efficiently. The legal industry is changing rapidly and we’re excited to help.
Alacrity is looking to hire a senior, self-motivated engineer to join our team of 5 engineers. Although you will be surrounded by great engineers, you must be able to work independently and take initiative. We're looking for strong architectural and service-design skills as well as full appreciation of code quality standards.
Things you will get to do:
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Your Ideal Skill Set:
* Deep knowledge of Javascript and Node.js.
* GraphQL experience (we use Apollo).
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This is a remote-first opportunity for people residing within 3 hours of GMT.
Alacrity is a well funded early-stage startup founded by seasoned legal, finance and procurement professionals. Our mission is to create technologies which enhance the relationship between corporates and law firms to improve service delivery, reduce costs and manage relationships more efficiently. The legal industry is changing rapidly and we’re excited to help.
We're looking for a mid-level frontend engineer to build high-quality, well-tested, and robust web application. You will have a chance to get involved in the application architecture decisions as well as product design. Ideal candidates will be self-motivated, collaborative, passionate, open to new ideas as well as happy to mentor others.
This is a remote job with working hours +-3 hours of GMT.
Alacrity is a well funded early-stage startup founded by seasoned legal, finance and procurement professionals. Our mission is to create technologies which enhance the relationship between corporates and law firms to improve service delivery, reduce costs and manage relationships more efficiently.
The Lead Frontend Engineer will take ownership of Alacrity's client-facing properties. Therefore you must have strong architectural and service-design skills as well as fully appreciate code quality standards and be able to exert engineering leadership amongst the engineering team.
Russia already captured Crimea and eastern Moldova. They need to capture south Ukraine and part of Romania/Bulgaria.
As I see, Russians already making steps in that direction. For example, they creating fake national groups for smaller ethnic groups, e.g. for my ethnic group (I am Lemko, small Ukrainian subethnic group at west of Ukraine, east of Poland and Slovakia). To control us, they are inventing new language, new alphabet, created "World Congress of Lemko people", and so on, trying to separate us from Ukrainians.
Russia captured eastern Moldova? When did they lose it in the first place? I thought the region was locked between Moldova and Russia since the former declared independence.
Russia has military bases and pro-russian forces in eastern Moldova. Russia has plans to attack south of Ukraine (Odessa) from these bases.
Please tell me difference between that and "captured".
Well, the difference is that the current situation is like "had it, didn't let go, and still control it" but "captured" means "didn't have it, and took it".
On the other hand the VCs themselves that are large owners of the tokens in Solana ecosystem would incur large losses, and that's excluding additional losses from reputation in future. It just shows how successful Jump VCs are when they put up $320M in a few hours. Maybe a month of their PnL?