FlywheelDeFi.eth

Grassroots DeFi media and advocacy. Helping the curious and degens alike harness the power of the Flywheel.

[FlywheelDeFi.eth @FlywheelDeFi]

The Fraxtal Vision Roadmap Revealed w/ @samkazemian - Flywheel #131

Watch the full EP to learn more about @fraxfinance’s VISI¤N Roadmap and what we should look out for in the near future 👀

Timestamps ⌚️
(00:00) Introduction & Background
(03:05) State of Crypto Post-Elections
(08:10) Convos w/ Legislators + Staffers in DC
(11:48) Reflections on Fraxtal and the L2 Playbook
(15:36) Running a Protocol vs an L2
(17:23) The Vision Roadmap: Sovereign Assets and AI Integrations
(18:37) Phase 1: Tokenomic upgrades, The Future of FRAX.
(36:43) Proof of Inference and AI Agents Onchain
(49:18) Retaking on Fraxtal Securing Different VMs
(53:30) Frax: The MicroStrategy of ETH
(1:01:55) The Crypto Strategic Reserve
(1:04:37) Key Takeaways of The Vision Roadmap
(1:06:31) Post-Game

[FlywheelDeFi.eth @FlywheelDeFi]

Read @fraxfinance's detailed thread about BAMM here 🫡

[Frax Finance ¤⛓️¤ @fraxfinance]

1/ BAMM💥
To have a DeFi renaissance, you need DeFi innnovation.

Introducing the Borrow Automated Market Maker (BAMM), a novel DeFi primitive that will change token borrowing & swapping forever. Access leverage for any token, without oracles or permission.

Here's how it works👇

[FlywheelDeFi.eth @FlywheelDeFi]

BAMM BAMM BAMM 🦕

@fraxfinance has officially released their novel Borrow Automated Market Maker (BAMM), leading us into the DeFi Renaissance.

W/ all its complexities, the team launched $BAMM, a memecoin to help users learn how BAMM works ⚙️

Let's dive in 👇

[FlywheelDeFi.eth @FlywheelDeFi]

@fraxfinance @BAMMBAMMFrax Be Not Afraid of BAMM 👁️‍🗨️

It may seem overwhelming at first, but luckily, we covered BAMM extensively over the past year 🗓️

Check out our past thread here 👇

[FlywheelDeFi.eth @FlywheelDeFi]

BAMM BAMM BAMM: A Revolutionary DeFi Primitive 💥

BAMM (or Borrow AMM) which is being built by the @fraxfinance Core Team will allow users to use leverage on any token without the need of oracles, adding the ability to borrow from an LP pool safely 🥽

Let's Have A Look 👀

[FlywheelDeFi.eth @FlywheelDeFi]

5/ Watch Yeet’s Big Plans For Berachain w/ @lordpemby - Flywheel #130

[FlywheelDeFi.eth @FlywheelDeFi]

Yeet’s Big Plans For Berachain w/ @lordpemby - Flywheel #130

Watch the full EP to learn how @eatsleepyeet's suite is making DeFi Yeetarded with it’s revolutionary tech 🌐

Timestamps ⏰
(00:00) Introduction & Background
(04:36) What is Yeet + Game Mechanics
(08:20) Yeet Economics: Prize Pool and Taxes
(13:45) Staking and Unstaking Mechanics
(15:45) The Liquidity Trifecta: The Yeetwheel
(23:20) Yeetard NFTs and Burning Culture
(25:50) Making DeFi Yeetard Friendly + Yeet Bonds
(28:40) Yeet’s Master Plan
(34:10) Exploring Proof of Liquidity
(36:50) Building Social Welfare and Resilience in DeFi
(40:36) Yeeting on Berachain vs Other Chains
(42:51) Building Community on Berachain
(45:46) Yeet’s GTM Strategy
(50:35) TG Bot & Group Yeeting
(54:21) Post-Game Show

[FlywheelDeFi.eth @FlywheelDeFi]

The chain with a bear on it is officially launching in 2 days 👀

Catch up on everything we've covered on @berachain before the launch 👇

[Berachain Foundation 🐻⛓ @berachain]

Berachain's mainnet will launch on February 6th, 2025. Welcome to Q5.

[FlywheelDeFi.eth @FlywheelDeFi]

4/ Watch Cybernetics and Redefining Culture w/ @deepname99 - Flywheel #129

[FlywheelDeFi.eth @FlywheelDeFi]

Cybernetics and Redefining Culture w/ @deepname99 - Flywheel #129

Watch the full EP to dive head first into the realm of cybernetics and how Jani is cultivating his corner of the Berachain ecosystem 🐼

Timestamps ⏰
(00:00) Introduction & Background
(06:00) Understanding Cults in a Crypto Context
(08:30) Maintaining Fresh Perspectives
(15:50) Cybernetics, Feedback Loops, and its Role in Crypto
(21:19) Improving Airdrops and Incentivizing High-Value Behaviour
(24:08) Going All In and Leveraging Bong Bears
(32:39) Building The Honey Jar
(36:28) Honeycombs, Integrators and Community Engagement
(40:00) Developing a Cybernetic Culture w/ Honeycombs
(45:00) Cybernetic Culture of Berachain vs Other L1s/L2s
(48:40) The Rise of Honeycomb and Community Dynamics
(50:53) Personas and Social Interactions in Different Spheres
(55:20) A New Definition for Cults
(1:03:05) Sustainably Prioritizing Communities
(1:08:30) Cults As Cybernetic Organizations
(1:10:46) The Key to Long-Lasting Cults
(1:25:42) Post-Game Show

[FlywheelDeFi.eth @FlywheelDeFi]

@fraxfinance BAMM BAMM BAMM

[FlywheelDeFi.eth @FlywheelDeFi]

The Plan to Tackle @THORChain's $200M Debt Crisis 📊
Last night, the pivotal governance proposal, "Proposal6", pushed by @AaluxxMyth, was passed by Node Operators to help bring THORChain out of Hel and back to Valhalla.

$TYC Equity Tokens 🪙

This restructuring effort aims to resolve their debt crisis by converting defaulted debt into $TYC (Thorchain Yield).

THORChain will mint a fixed supply of 200M $TYC and distribute one token for every dollar of defaulted debt via Savers and Lenders. Additionally, the token will receive 10% of the network's revenue in perpetuity as opposed to until 2x the initial debt as per TCB v1.

THORChain's core team will create a shallow $500k $RUNE/$TYC pool at $0.10 per $TYC. This pool will be funded by using $5M from the treasury to buy $500k/week for 10 weeks. In addition, the core team will donate the other $5M to pools pro-rate to provide deeper liquidity over 10 weeks.

The price of $TYC will depend on how the market reacts to risk/reward, multiples, and the potential upside of all future inflows of swap fees at current values.

Retiring ThorFi ❌

As per one of the steps of this plan, the core team will be sunsetting ThorFi (Lending, Saversm PoL, and RUNEPool) in turn adding Liquidity Nodes as an alternative. This change aims to increase capital efficiency in order to offset the 10% fees given to users.

The team mentioned that because of this change, capital efficiency would increase up to 2x whilst affording the perpetual 10% fees. This would leave Node Operator revenue untouched and out of harms way. The main goal behind retiring ThorFi is to increase volume and swap fees for $TYC holders, LPs, and Nodes.

Implementation 🔨

Devs from @Maya_Protocol, @ninerealms_cap, @strangelovelabs, will be collaborating to flush out the implementation. Ensuring a smooth and seamless rollout.

The core team will be continuously providing updates to the community as they finalize the implementation details.

"Make THORChain great and BORING again!"

To Valhalla 🏛️

[FlywheelDeFi.eth @FlywheelDeFi]

Learn more about @synthetix Leveraged Tokens here 👇
https://t.co/9zj79thST2

[Synthetix ⚔️ @synthetix]

Say GM to easy leverage with Synthetix Leveraged Tokens, now available on Base V3

And join the Leveraged Token Rally for your share of over $250,000+ in rewards:
🔴 75,000 OP
🟢 150,000 USDC
and more 🧵⬇️

[FlywheelDeFi.eth @FlywheelDeFi]

Archimedes vs. The Liquidation Spiral 🌀

@synthetix Leveraged Tokens are now live on @base w/ over $250,000+ in rewards 💰

[FlywheelDeFi.eth @FlywheelDeFi]

Check out the power of @synthetix Leveraged Tokens here 🫡
https://t.co/hBzSr2FdMR

[FlywheelDeFi.eth @FlywheelDeFi]

So, Can Blockchain Save the World? Tim thinks so, read the full article to learn more 🌍https://t.co/jFxVngCUq6

[FlywheelDeFi.eth @FlywheelDeFi]

Beyond Bitcoin: Can Blockchain Save the World?

BTC gave us inflation-proof financial sovereignty, ETH pioneered Dapps, and ve(3,3) rewarded long-term alignment over short-term profit. But what if we had ve(5,5,) ve(7,7), or even ve(20,20) 👀

Let's explore the possibilities 👇

[FlywheelDeFi.eth @FlywheelDeFi]

ve(20,20) - Pushing the Boundaries of Imagination 🧠

This hypothetical model would introduce infinite cooperative alignment between all sentient beings, civilizations, as well as dimensions 🌐

Take all of this w/ a grain of salt since we let ChatGPT cook with this experiment 🍜