Quantumplation | Pi Lanningham

CTO Sundae Labs | to be less active on Twitter

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[Quantumplation | Pi Lanningham @Quantumplation]

Below you will find my write-up as an independent after action report for the issue impacting Cardano late last week, along with things I learned, why I was impressed, and what I think we can do better at in the future.

I try to strike the balance between confronting the seriousness of the issue, while defusing most of the over-stated positions from talking heads on Twitter. This is an adult conversation, not whatever the children are engaging in on Twitter this week.

I don't think it's productive to get into debates of what constitutes "downtime" or not; Instead, I tried to equip you with a framework where you, dear reader, can think about these things for yourself, and decide what you want to call it.

I just ask that you make that decision for yourself, or allow your audience to do so, rather than parroting some pre-decided talking points.

More informed discussion leads to a higher quality industry overall.

https://t.co/gPHc8lNT2U

[Quantumplation | Pi Lanningham @Quantumplation]

@daneelwiggins @grok "Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them." - Frank Herbert

[Quantumplation | Pi Lanningham @Quantumplation]

Some interesting motion on this page lately...

https://t.co/ig1hxXj2Ha

[Quantumplation | Pi Lanningham @Quantumplation]

@Juno_stakepool @ch1bo_ Please, spare me the thespian crocodile tears. You read a footnote from a meeting you didn't even bother to attend, misunderstood it, and immediately went on the timeline to bitch about how "the elites are taking over". You're not the victim when people call you out for that.

[Quantumplation | Pi Lanningham @Quantumplation]

@Juno_stakepool @ch1bo_ A 5x throughput increase would also come with a (maybe not quite 5x) significant revenue increase, so maybe you want to understand what that dynamic is first?

[Quantumplation | Pi Lanningham @Quantumplation]

@Juno_stakepool @ch1bo_ So, you're reading a meeting minutes notes from a meeting you didn't attend, and then panicking and creating concern over it without fully understanding it?

In the future I suggest you first ask questions, rather than assuming you read it right.

[Quantumplation | Pi Lanningham @Quantumplation]

@Juno_stakepool @ch1bo_ Any costs that have been modeled have been under max load assumptions, which also generate enough fees to more than increase the revenue for running a node.

If there's no increase in chain activity/revenue, the increase in costs is trivial, if anything.

So far as I understand.

[Quantumplation | Pi Lanningham @Quantumplation]

Would people be interested in monthly reports like this on the first of every month, powered by the data engine we built for Float?

[Sundae Labs 🍨 @SundaeSwap]

Float Monthly: October

Cardano DeFi activity rose despite ADA falling 22%

- DEX volume $65.7M (+14%), the 2nd month of growth in a row
- Trades 191K (+29%), the most since June
- DEX liquidity $25.4M (−1%)
- Lending utilization 56%

From Sundae Float: https://t.co/tBCltvQJnG

[Quantumplation | Pi Lanningham @Quantumplation]

@digigemz @SundaeSwap V4 launched on October 1st, with two specific pool types (linear swaps and stable swaps); We're finishing up the audit on concentrated liquidity now and should be live shortly thereafter!

[Quantumplation | Pi Lanningham @Quantumplation]

@strikeperps @Darknight_Shark @SundaeSwap Let's get v4 LP in there too 🫡

[Quantumplation | Pi Lanningham @Quantumplation]

@Darknight_Shark @SundaeSwap @strikeperps I believe Strike already accepts the USDCx / USDM stablecoin LP as collateral

[Quantumplation | Pi Lanningham @Quantumplation]

This was quite a long while in the works, and I think the team did a phenomenal job with this.

Let us know if you have any feedback, and what you'd like to see! In particular, it leveraged data from https://t.co/9E2jz3BMUM so it provides richer historical data.

[Sundae Labs 🍨 @SundaeSwap]

The new SundaeSwap redesign is live 🍨

Some of the big highlights:
- Real-time prices and balances
- Your full portfolio history
- Real P&L on every LP, impermanent loss included
- Pro trading view with better candlestick chart UX
- New analytics: TVL, volume, revenue, treasury
- New strategies page to view your trading bots

More below! 👇

[Quantumplation | Pi Lanningham @Quantumplation]

@wolf31o2 Boo

[Quantumplation | Pi Lanningham @Quantumplation]

@PhysicalRevelry I miss you and Matt! In should find an excuse to visit Texas so we can catch up.

[Quantumplation | Pi Lanningham @Quantumplation]

@JSHyCS @mattpiz @SundaeSwap Surgery?

[J On The Beach @JOTBConf]

Dr. Roland Kuhn. A great talk on Rust, formal verification, and deterministic testing with the Amaru node for Cardano!
#YayYayConf #JOTB26

[Quantumplation | Pi Lanningham @Quantumplation]

It was particularly energizing to connect with people outside of crypto and advocate for the good that blockchain could do. I encourage other builders on Cardano to do the same, and in particular, if they hold #YAYAYConf next year, Malaga is lovely!

[Quantumplation | Pi Lanningham @Quantumplation]

Last week I attended @JOTBConf, where I had the pleasure to give a talk on Blockchain and Open Source funding.

I was only able to attend a small slice, but #YAYAYConf was *fantastic*; It's been close to a decade since I attended a conference with that energy. (RIP #strangeloop!)

[Quantumplation | Pi Lanningham @Quantumplation]

@Rahulkonudula @trivolvetech If it doesn't pass, would you be open to trying again in the next budget round and working with Sundae Labs to deliver it at a much much cheaper development cost?

[Quantumplation | Pi Lanningham @Quantumplation]

@Rahulkonudula @trivolvetech I will likely vote no on this at this price if I get to my keys in time.

That doesn't mean I don't want to see this exist. But as someone who builds software systems on Cardano and knows how often people underestimate the costs, I still can't justify this price tag.

(cont)