Head of Product @SouqFinance | Working on my non-fungibility
SF Bay Area
Joined January 2013
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At @SouqFinance we're making the highest quality investments as freely accessible as information on the internet. Check out our recent article in @Nasdaq to see how progressive regulatory regimes, blockchain technology, and some blood/sweat/tears are making this vision a reality.
Thanks @Nasdaq for highlighting @iamjpvega and the opportunity to make bonds accessible to investors everywhere, through Fintech Law frameworks established by @Banxico, @Hacienda_Mexico, and @cnbvmx.
nasdaq.com/articles/fintech-…
Ken Berkowitz retweeted
Check out @DIAdata_org 's great breakdown of the integration of DIA oracles on Souq 🎉
Ken Berkowitz retweeted
Lost on which projects to back in the burgeoning @arbitrum DeFi ecosystem??
Souq has built an on-chain Arbitrum ETF with one-click access to sustainable yield + upside to the top Arbitrum protocols👀
Here's how to take part👇
Creating a Position:
Visit Souq (links👇), Connect your Wallet, Make sure you're on the Arbitrum One network, and click "Create Position"
Select the number of Arbitrum ETF Shares you want to buy using $USDC.e
Select a lockup period - longer lockup periods have greater staking rewards!
"Review Deposit" and create your position🫡
Investment Thesis:
Our ETF includes yield-generating $wstETH, $ARB, and a basket of tokens from the top revenue-generating Arbitrum projects:
$GMX (@GMX_IO)
$GNS (@gains_trade)
$GRAIL (@CamelotDEX)
$RDNT (@RDNTCapital)
This provides participants with:
- Sustainable Yield
- Indexed Token Appreciation Exposure to the Ethereum + Arbitrum ecosystem
Redeeming ETF Shares:
On a share's maturity date, it becomes unlocked and can be redeemed for the underlying index tokens
When a user redeems an ETF Share, their share is burned and the underlying tokens are sent to their wallet simultaneously
Instant Liquidity:
With Souq's AMM (Automated Market Maker), you can exit your locked positions instantly by selling to the Pool, 24/7/365
Or you can enter locked positions with shorter remaining lockups, sometimes at a discount to net asset value based on prices😉
Use our Arbitrum ETF at: souq.finance/etf/1
Check out our docs/discord for more info👇
Ken Berkowitz retweeted
ALL Common FEs can currently instantly sell on Souq for $1.31 👀
That's 2.4x the lowest Opensea listing 🔥
And with gas as low as $0.10 per card on bulk trades, Common card margins actually become worth it🫡
Check out all the cards you can sell for higher on Souq👇
-Mind Twister
-Pirate Juker
-Alkaline Hydrolist
-Formatician's Exalt
-Beacon of Gnaeus
-Interrogation Tools
-Synchronicity
-Technophobic Warrior
-Smuggled Supplies
-Shaymak Stone-Eyes
-Beloved Donor
-Resourceful Smith
-Hidden Vaults
-Bionic Tweaker
-Backup Copy
-Valerusi Striker
-Unstable Shield Generator
-Automation Expert
-Heroic Pilot
-Cape of Char Mahal
-Reckless Scientist
-Cunning Scipian
-Combat Veteran
-Wisened Elder
-Second Chance
-Cutting Edge
-Grove Altruist
-Tome of Aetio
-Security Officer
-Heavy Weapons Team
-Ceremonial Rites
-Dark Dealings
-Enduring Immunus
-Black Market Smuggler
-Echelon Heavy
-Life Stream
-Unseen Allies
-Valerusi Cohorts
-Sacred Destruction
-Collateral Damage
-Desperate Measures
-Hydrolist Chamber
-Stoic Sellsword
-Supply and Demand
-Improvised Projectile
ALL of these Parallel cards can be instantly sold on Souq for $1.31 🤯
Looking at listings, @DEFAULT_ZA ,@delf0s , @gabrielrcha ,@0xFirekeeper , @MrFreycinet could be interested😉
Links in bio + replies 👇 for the algo 🫡
Ken Berkowitz retweeted
Are you new to @ParallelTCG and finding it difficult to navigate through the collection on @openseapro?
Our new open-source extension enables card description viewing on any platform - just hover over the card's name and press Shift. Enjoy!
Link: mt.gd/parallel-extension
Ken Berkowitz retweeted
Our friends at Metaguild have built the perfect tool to use with @SouqFinance🫡
Check out the demo in their replies to see how it helps // players build decks for cheap on Souq!
Are you new to @ParallelTCG and finding it difficult to navigate through the collection on @openseapro?
Our new open-source extension enables card description viewing on any platform - just hover over the card's name and press Shift. Enjoy!
Link: mt.gd/parallel-extension
Ken Berkowitz retweeted
Once //Kalos makes Payload $PRIME cost go down more, it will be the signal for $PRIME to go higher and higher.
and Until now, @SouqFinance is the best for me to collect // cards with lower price and lower gas fee.
Ken Berkowitz retweeted
Souq has crossed $100k in volume🥳
Check out these stats🤓
-11,223 Parallel NFTs traded //🫡
-Multiple trades with $0.10 gas per card on L1🤯
-average 48.11 NFTs/Txn vs 2.17 on Opensea
-average $0.52 gas per card vs $3.49 on Opensea ⛽️
-69 unique users 😎
Ability to instantly sell cards ✅
1000s of commons traded with insane gas savings✅
Cards often 2-3x cheaper than on Opensea✅
Appreciate all the❤️and value // players have been showing Souq
Check out the link to Souq in our bio + replies👇for the algo
The Parallel + $PRIME ecosystem is just getting started 😤
Ken Berkowitz retweeted
With differing prices vs Opensea, you can buy @ParallelTCG NFTs on Souq often at🔥discounts
Currently Reluctant Berserker SE is only $75.08 on Souq, 31.4% lower than Opensea 👀
Margins only improve with Souq's avg $0.53 gas per card vs Opensea's $3.50⛽️
More discounts👇
1. Chem-Crazed Bruiser PL
Price on Souq: $62.01
Price on Opensea: $72.37
Discount: 14%
@NearLive_ @HEEEEEEEEEEE_ 👀
2. Resourceful Smith PL
Price on Souq: $62.01
Price on Opensea: $88.46
Discount: 30%
@MoraesRobh ☝️
3. Staff of Shoshanna PL
Price on Souq: $57.13
Price on Opensea: $67.55
Discount: 18%
Link to Souq in Bio + Replies👇for the algo 🫡
Ken Berkowitz retweeted
On Souq, you can instantly sell // cards with gas as low as $0.10 per card on bulk transactions (10+ cards) 🤯
Cards often go even higher than Opensea listings👀
Here's some examples for curious // sellers👇
1. Progenitor Pod
Opensea Listing: $112.56
Souq's Instant Selling Price: $119.90
2. Collapsing Star
Opensea Listing: $117.08
Souq's Instant Selling Price: $119.90
@cryptoshizaa 👀
3. Beseech the Gifted PL
Opensea Listing: $45.83
Souq's Instant Selling Price: $47.75
@NearLive_ @SkoHeels 🤔
4. THUNDR-01 Munitions SE
Opensea Listing: $20.50
Souq's Instant Selling Price: $21.36
@pingyujc 😤
To visit Souq, link in bio/reply👇for the algo🫡
Ken Berkowitz retweeted
🎉 "GDR #003: Souq Finance" successfully validated!
The #DAO proposal to approve @SouqFinance as a recipient of Oracle Gasdrop successfully passed with the vast majority of the votes in favour and quorum achieved.
Full proposal 👇
snapshot.org/#/diadao.eth/pr…
Ken Berkowitz retweeted
🗳️ Vote Reminder
The vote to validate @SouqFinance as the 3rd recipient of the DIA Oracle Gasdrop ends in 24 hours.
Vote on #Snapshot now 👇
snapshot.org/#/diadao.eth/pr…
Ken Berkowitz retweeted
Check out @SouqFinance if you're needing to fill up your decks with @ParallelTCG NFTs.
Lots of FEs and SEs of all rarities sitting around at good prices.
Super easy to use and saves you a significant amount on Gas costs.
//
Using @SouqFinance Parallel NFT AMM
One wallet instantly sold 885 // commons for just 13 cents in gas per NFT 👀
On Opensea, that same transaction would have cost ~$4 per NFT, paying ~$3.5k in gas alone🤯
Our gas efficient AMM makes selling unwanted commons possible, links 👇
Ken Berkowitz retweeted
Over 10,000 Parallel Cards have been traded on Souq 🎉
With Souq's average of $0.57 gas per // NFT
That's Over $30k saved in just gas⛽️compared to Opensea👀
Here's a highlight of other notable stats/Txns from // community members 👇
Notable Stats
· 10,700 // Cards Traded
· $85,834.34 in Total Volume
· 46.36 NFTs per Txn vs 2.20 on Opensea 👀
· $0.57 avg gas per NFT vs $3.71 on Opensea
Notable Txns
· One user bought 722 cards for $0.10 gas/NFT
· Juomi.eth sold 124 cards for $0.38 gas/NFT
· yummybear.eth sold 340 cards for $0.17 gas/NFT
· dumb0xften.eth sold 683 cards for $0.25 gas/NFT
All Txns linked 👇
Check out our bio/the replies for links to our gas-efficient marketplace designed for bulk trading
Volume competition coming later today, perfect chance to check us out 👀
Ken Berkowitz retweeted
To buy (or sell) // TCG cards in bulk,
We need to know this.
Even the price higher than other market, the gas saving cover the gap. 🫡
@SouqFinance we've built a marketplace for @ParallelTCG players that enables:
-gas as low as 11 cents per card on L1
-instantly selling // cards
-cards several times cheaper than on Opensea
-cheaper fees even with royalties enforced on-chain
Here's how you can take part👇
1) Gas Savings
Designed for large transactions, gas savings typically take effect when trading 10+ NFTs on Souq
Souq averages:
- 41.34 NFTs/Txn vs 2.10 on Opensea
-⛽️per NFT: $0.64 vs $3.77 on Opensea
With such low gas, trading "unsellable" cards like Commons are now possible on L1🤯
1.5) Gas Saving Examples
1. Wallet 0x7dFd5BD3Cbc1Aa89Ba7f03A7518D682Fe1f919ab bought 335 Cards for just $0.11 in gas per NFT
2. Wallet juomi.eth sold 124 Cards for just $0.38 in gas per NFT
3. Wallet 0x950e57AFa7769F9829587500B529DdeBD88163e8 sold 885 Commons for just $0.13 in gas per NFT
All 3 Txns linked in the replies🫡
2) Instant Liquidity
Souq operates as an NFT AMM (Automated Market Maker)
Meaning you can sell instantly to the AMM instead of looking through bids on Opensea
With Instant buying + selling, you can quickly update decks without investing more funds/owning all cards
3) Marketplace Price Differences
With fluctuating prices + $PRIME/ $ETH volatility, many users have taken advantage of stale listings/bids on Opensea 👀
Just check out @l_unchtime's tweet 😉
xitter.cf/l_unchtime/statu…
Price differences between Souq and other marketplaces will always exist, providing opportunity
Currently - All Common FEs can be instantly sold for $0.84 on Souq, which is ~2x higher than many Common Opensea Listings ‼️
4) Cheaper Fees with Royalties
Souq was built for the // community🫡
As a result, we enforce royalties based on on-chain data (currently ~3%)
Since Souq's txn path is seller/buyer to AMM instead of buyer to seller, fees are split across 2 txns, making fees cheaper even with Royalties👀
Check out @keennuth's thread for a more detailed breakdown on how Souq accrues far greater value to the // ecosystem beyond royalties
xitter.cf/keennuth/status/…
5/ Links + Demo
To use Souq, visit souq.finance/pools and click "Trade"
We currently support:
-Common FE/SE/PL
-Uncommon FE/SE/PL
-Rare FE/SE
-Legendary FE
-Gravity Keys
Demo:
loom.com/share/ae146714aed14…
Our breakdown stream with @cellar_gg, docs, and dune dashboard will also be linked below //🫡
Ken Berkowitz retweeted
🌐 New DIA DAO Vote
For DGR #003, the community will be voting to approve
@SouqFinance as a recipient of the DIA Oracle Gasdrop.
Holders of $DIA & $ARB tokens are eligible to vote. The voting period will be active for 96 hours.
Vote here 👇
vote.diadata.org
Ken Berkowitz retweeted
Someone bought 722 Parallel Cards on Souq for $0.10 cents gas per NFT this morning🤯
Now ALL COMMON FEs can Instantly be sold on Souq for $0.96
With instant liquidity on Commons with markups as high as 2.59x👀
Here are the biggest price increase for // Sellers👇
1. Heroic Pilot
Currently listed at $0.37 on Opensea
At $0.96, you can sell on Souq for 2.59x higher
@delf0s @larrybyrd80 might be interested 👀
2. Pirate Junker
Currently listed at $0.51 on Opensea
You can instantly sell on Souq for 1.88x listing prices
3. Interrogation Tools
Currently listed at $0.56 on Opensea
It can be sold on Souq for 1.7x that listing price 🔥
@Raaknao @NF_Tcaff @0x5uff3r 👀
4. Beloved Donor
Currently listed at $0.57 on Opensea
You can instantly sell on Souq for nearly 2x that 🫡
Looking at listings, @0xFirekeeper could be interested😉
5. Mind Twister
Currently Listed at $0.64 on Opensea
You could sell for 1.5x that on Souq ‼️
@pickle_stallion ☝️
Averaging $0.60 in gas per card and 45.44 NFTs per txn
Souq is the marketplace to bulk buy + sell Commons
Links in replies 👇for the algo
Ken Berkowitz retweeted
@SouqFinance we've built a marketplace for @ParallelTCG players that enables:
-gas as low as 11 cents per card on L1
-instantly selling // cards
-cards several times cheaper than on Opensea
-cheaper fees even with royalties enforced on-chain
Here's how you can take part👇
1) Gas Savings
Designed for large transactions, gas savings typically take effect when trading 10+ NFTs on Souq
Souq averages:
- 41.34 NFTs/Txn vs 2.10 on Opensea
-⛽️per NFT: $0.64 vs $3.77 on Opensea
With such low gas, trading "unsellable" cards like Commons are now possible on L1🤯
1.5) Gas Saving Examples
1. Wallet 0x7dFd5BD3Cbc1Aa89Ba7f03A7518D682Fe1f919ab bought 335 Cards for just $0.11 in gas per NFT
2. Wallet juomi.eth sold 124 Cards for just $0.38 in gas per NFT
3. Wallet 0x950e57AFa7769F9829587500B529DdeBD88163e8 sold 885 Commons for just $0.13 in gas per NFT
All 3 Txns linked in the replies🫡
2) Instant Liquidity
Souq operates as an NFT AMM (Automated Market Maker)
Meaning you can sell instantly to the AMM instead of looking through bids on Opensea
With Instant buying + selling, you can quickly update decks without investing more funds/owning all cards
3) Marketplace Price Differences
With fluctuating prices + $PRIME/ $ETH volatility, many users have taken advantage of stale listings/bids on Opensea 👀
Just check out @l_unchtime's tweet 😉
xitter.cf/l_unchtime/statu…
Price differences between Souq and other marketplaces will always exist, providing opportunity
Currently - All Common FEs can be instantly sold for $0.84 on Souq, which is ~2x higher than many Common Opensea Listings ‼️
4) Cheaper Fees with Royalties
Souq was built for the // community🫡
As a result, we enforce royalties based on on-chain data (currently ~3%)
Since Souq's txn path is seller/buyer to AMM instead of buyer to seller, fees are split across 2 txns, making fees cheaper even with Royalties👀
Check out @keennuth's thread for a more detailed breakdown on how Souq accrues far greater value to the // ecosystem beyond royalties
xitter.cf/keennuth/status/…
5/ Links + Demo
To use Souq, visit souq.finance/pools and click "Trade"
We currently support:
-Common FE/SE/PL
-Uncommon FE/SE/PL
-Rare FE/SE
-Legendary FE
-Gravity Keys
Demo:
loom.com/share/ae146714aed14…
Our breakdown stream with @cellar_gg, docs, and dune dashboard will also be linked below //🫡
1/ In the wake of @opensea's decision to stop enforcing Creator #Royalties
I wanted to wax philosophical about the NFT AMM we've built @SouqFinance
Specifically, the vast economic opportunity it presents for Creators and Communities alike, in this new reality.
🧵 (1/13)
Ken Berkowitz retweeted
Someone bought 583 Common FEs for 15 cents in gas per NFT on Souq's @ParallelTCG marketplace
Now All Common FEs can currently be sold on Souq for $0.84👀
Here's some of the biggest markups on // Commons from Opensea that you can sell instantly on Souq👇
1. Heroic Pilot - current listing on Opensea - $0.35
That's a 140% markup on Souq 👀
2. Pirate Junker - current listing on Opensea - $0.50
That's a 68% markup on Souq ‼️
3. Interrogation Tools - current listing on Opensea - $0.53
That's a 58% markup on Souq
Because Souq is an NFT AMM, you can instantly sell these NFTs without any wait⏰
And with insane⛽️efficiency on bulk transactions, Souq makes trading Commons possible
Looking at listings for these cards, @delf0s and @larrybyrd80 could benefit, among others🫡
To use Souq's Parallel marketplace, check the link👇
Ken Berkowitz retweeted
With // players dumping 1000s of commons on Souq, All Common FEs are $0.53 👀
A @ParallelTCG player even bought 482 cards
for $0.14 in gas per NFT...on L1 (txn👇)
On Opensea, that would cost $1.8k+ in gas alone🤔
Souq's gas efficiency makes trading Commons possible, links👇
