Skate (SKATE)

Folks, last night I chased hot cross-chain arbitrage, doing two bridge trips back and forth, bridge fees + gas went crazy, and I ended up buying at the peak… I'm speechless, like… 😵‍💫. My friends in the group laughed at me: 'Cross-chain = hard work'. So these past few days I’ve been watching @skate_chain—it wants to eliminate the 'arbitrage' altogether.

Progress in the past 7 days:
- DAO uses protocol revenue for buybacks: 340,353.2 $SKATE tokens, cumulative holdings 2,193,286+ (>2 million).
- Kaito Speed Run distribution for Nov-Dec will airdrop to yappers wallets, and a new stateless integration is coming in January.
- Mystery Box concluded: over 150K swaps / 12K+ users, with volume on Solana and Sui as well.

According to Si Yuan, Skate is not building a 'smoother bridge', but turning the AMM into a Kernel-Periphery: pricing/state is unified in a Hub, assets are custodied on each chain, and users only need to confirm on the chain they prefer.

Going forward, it remains to be seen whether real trading volume can speak for itself.

@aixc_official @aixcfoundation #DYOR

gm took a tiny stablecoin lab spin on @skate_chain this AM 🛹 signed an intent from my Monad wallet, executor picked it up, AVS on EigenLayer verified, and the swap landed on Solana with zero bridge popups. Liquidity stayed whole, balances didn’t jitter, TVL felt small (<$2M) so slippage merciful, and APYs flirted with ~80 90% so I treated it like a testbed and pulled after an epoch. Also found a tiny airdrop (~$140) which honestly felt like cash in an old jacket 🫡

Quick how-to if you wanna poke it: sign intent in Monad, let an executor pick it up, watch AVS attest, park a stable mix (USDC/USDT + oUSDT/USDCe), farm AMM vol while keeping weights stable, snapshot rewards, pull after an epoch. Biggest UX tax: reward pacing can lag some payouts took weeks to settle. Anyone else mapping a $SKATE play or was I just lucky for #DeFi #crosschain?

I have been buying $SKATE everyday for the past 2 weeks or so.

The reasons:
- Under 1mil MC, if it pumps it's gonna be crazy Xs
- Backed by Hashkey. They just recently IPOed so I think they would want their portfolio to look good. Pumpin a sub 1M MC token should be a piece of cake
- Partnered with OKX dex to strengthen the liquidity

And the final reason: I bought at 0.04 and then it dumped 90% so I had to DCA