1/16
I think $DYDX has dramatically changed the market behavior.
It puts some critical new strategies on the table, and has a huge impact on the actions many market makers and bots seem to be taking. 👇
1/ It's time to have $-stablecoin be priced at par value. $1 most of the time. Not 1.001 or 0.999. This is a key problem to fix in order to scale.
https://t.co/kroXkjRZj3
🧵
Welcome to heaven! Something completely new in DeFi. Arbitrage on steroids controlled by NFTs powers💰
Leveraging Stake DAO’s @avalancheavax validators & @StakeCapital 's quant desk
You can join the crazy arbs market using minted NFTs from points/Palace
https://t.co/Oq4NYqZDhR
I'm late to the party with #OHM and @OlympusDAO (although I know, we're all early and WAGMI), so I was trying to explain it to a TradFi friend last night.
Here's where I've gotten so far - my first attempt at a CT 🧵 /1
I want to introduce a new concept from @fraxfinance called the Decentralization Ratio and how we've brought our fiatcoin collateral reliance to below 60% and soon <20% while keeping the tightest algostable peg.
A 🧵 on stablecoin decentralization
1/21
Feels like MKR, once a defi darling, has kind of had its days behind it.
We're seeing a pretty big shift that I think highlights really interesting lessons for defi projects.
1) As the DEX sector has matured, $SUSHI and $UNI have begun to differentiate in a big way.
Uniswap has become solely focused on spot trading on ETH and L2’s, while Sushi is moving towards a defi suite of products across multiple chains and L2’s.
Thread 👇
@0xtuba It's not only on defi, for regular products people are using @tailwindcss tailwind-ui pre-made interface components, the same thing happened with bootstrap some years ago.
I don't think it's bad, it's just a way to ship a product fast
thread about farming aka liquidity mining as an incentive model and why it's completely broken but nobody seems to realize it (skip to #17 if you're already intimately familiar w AMMs)
v long and nerdy, fair warning
1/n
Building Synthetix v3 with (what I consider) a novel proxy architecture initially suggested by @Mudit__Gupta
It has the benefits of diamond proxies but is extremely simple and explicit.
1/n
1/ It's been a hot minute since @Uniswap v3 launched, and there's an entire ecosystem of products now being built on top of it
There are some interesting dynamics at play with v3, and I wanted to take the chance to highlight some things that stand out 👇
I'm very excited to join the @nounsdao community as its 22nd member, and very first zombie representative.
I wanted to share a few thoughts on why I am so excited about this project and my vision for the future.
1/x
It seems some people may misunderstand what kind of assets #CryptoPunks & #BAYC really are, what forces drive their value, and why they will probably 10x or even 100x from here.
Let’s dive into it! 🧵👇
I made an entire pipeline to get this faucet contract working on my system https://t.co/Y7VkHqB80n
I thought: “I need some test ether to pay for gas on my private node, this is perfect"
BUT I need gas to for calling the contract 🙃 wwhk
I guess i need to impl an offchain way