β‘οΈ Humble Saint of Interoperability π Ambassador of DeFi β Megaphone of Ideas π£ Offspring of @ChainLinkGod πΈ (no professional affiliation with dad) π«
"Bitcoin, the first big blockchain, created in 2009, is now a distraction. Instead, Ethereum, a blockchain network created in 2015, upon which most DeFi applications are built, is reaching critical mass."
One fact that is transformative to many people first becoming interested in #finance is that, in its simplest terms, it is risk management.
If you've ever wanted to research this concept within #DeFi AMMs, then here's a crash course.
Uniswap is the largest decentralized crypto exchange (DEX) in the world.
On May 5, it launched v3 concentrated liquidity, offering higher yields--and higher risk.
I didn't quite know how to think about the trade-off.
Until now.
Mental models for LPing Uniswap v3, a guide:
Many thought crypto would be a winner-takes-all or a winner-takes-most system. Imagine only being able to use texting OR calling to communicate -- payment channels across DeFi will be similarly optimized for different use cases.