@SamuelShadrach4 @UMAprotocol Would you elaborate on how "buy equity and sell synth to maintain a rough peg" works? Do you mean an issuer will hold the equity and sell synths backed by it, like USDT->DAI?
Thred to come below rebutting some of the claims in this article. DeFi does not "cannibalize" PoS security, it forms a market equilibrium with it. Maximum possible security spend is not the optimal security policy
What portion of the ETH supply needs to be staked for the network to be secure? I don't have the answer, but it's nowhere near 100%. An equilibrium of ETH between staking, use as collateral, lending, and simply sitting in user wallets is normal and fine
@mgnr_io@Quantstamp@peckshield@certik_io There is no substitute for skin in the game, more people risking their money in project over time the more it can be trusted. Large open bug bounties through groups like @immunefi are promising and have better incentive alignment than hiring an audit firm
So... Teams no longer looking for experienced Solidity devs anymore. That's a resource too rare rn.
Fullstack devs + willingness to teach them the Ethereum cherry on top seams to be the new standard.
@jaibhavnani @SamuelShadrach4 @RariCapital@OlympusDAO Thank you Jai. I wonder if there is away to incorporate protocol reserves or collateralization as a factor in asset safety score. For example, to weight DOLA as collateral higher than a gov token with equal mkt cap because it is collateralized by well regarded assets
@SamuelShadrach4 @RariCapital@OlympusDAO@jaibhavnani My project should bring some borrow demand, hoping to figure out good parameters for the pool risk to make it attractive for lenders
@SamuelShadrach4 @RariCapital@OlympusDAO@jaibhavnani I can wait, since my project depends on Uniswap V3 existing for a while on mainnet, but would like to learn about pool management and what would be good settings for the pool to encourage the most stablecoin lending liquidity to show up.
@mikedemarais In the same sense of sanctuary cities or states with legal cannabis, it is possible but the protection won't extend outside the sanctuary zone. And the gov may still go after high profile targets. But I expect we will see something like this soon
@NourHaridy Excited to see this. NFTs will probably need something like "weighted metadata" that can be included as pool factors to allow for a more efficient market.
@Fiskantes I am curious what makes you think there is demand for such a currency. Digital dollars are a big success so far and ETH is growing stronger as commodity money, where would demand for an alternative on chain money come from?