Seanavocado

If we were allowed to count the liquid non-custodial staked ADA, Cardano would be number 2 in TVL. It's a better system than locking assets, and losing custody.

[Seanavocado @Seanavocado]

The getting started in #Cardano #ADA guide.
The onboarding cheat sheet: periodically updated when the mood hits me

1. Why cardano?

Like BTC, its UTXO based. Meaning we avoid the issues associated with EVMs global state.
Like BTC its a hard capped asset, max supply. Gold like asset.
Unlike BTC it can do smart contracts natively, Cardano is actually trying to bring defi to BTC. Because they are both UTXO based, its a 'relatively' simple process in the works. Acting like an L2 for BTC.

Its a very secure blockchain, that uses the native asset standard to prevent to same sort of hacks with see on some other chains.

Its very decentralised POS system, with on chain goverance and a treasury that recently came on line that the community controls for future funding.

Midnight is a cardano asset, it will bring auditable private transactions. no need for everyone to see what you bought, it allows for the use of DIDs, medical records on chain. If it should be private, lets keep it private, we dont need the big tec culture of some AI knowing more about you than you know yourself.

2. Wallets

@lace
@eternlwallet
@vesprwallet

Vespr is a great simple wallet, recommend to new users.

Eternl is the most feature rich wallet, but complicated for those new to crypto.

Lace is a good wallet, has some good tools tips for new users

Remember to stake your ADA, its never locked and their is zero risk associated with staking, aka their is no slashing on Cardano. It can moved at any time, its true liquid staking, hence why people dont count it as TVL, even though about 70% of the ADA is staked.

Delegate your voting power to a Drep in the wallet, aka governance.

3. Dex options

@DexHunterIO
@MinswapDEX

Dexhunter is the aggregator and likely to get you the best price. Its easy to use. Best for new users.
While minswap is the most used dex. there is other but they are the big two.

4. Lending, borrowing, synthetics, perps, and yiel

@strikecardano
@Indigo_protocol
@liqwidfinance
@FluidTokens
@butaneprotocol

All good solid options Listed but you cant list everyone of this list would just go on.

strike finance has been doing well on the TVL side recently. Its a perps market.

I would say I'm a fan of indigo for its synthetics.

5. Real Fi products

@WorldMobileTeam
@book_io
@IagonOfficial
@SingularityNET
@palmeconomy

Mix of telecommunications, book publishing, cloud storage, general purpose open AI offerings, RWA's.

6. Tooling

@TapTools
@CardanoCube
@adahandle
@xerberus

Taptools is the essential Cardano version of Coinmarketcap for all our all out tokens to follow price and trade.
ADA handle is a must have. Its a NFT that gives you a readable address. Think of it like buying an email address for your wallet

Have a look at https://t.co/g6upViIuYW post your receive address if for an interesting way to see your wallet
While https://t.co/DqZLTymMaN is a good site to visualise the idea of transactions within transactions. as you see blocks as they fill live

7. NFT marketplaces ( NFT's still a thing all right...my poor poor bags are hurting ok )
@wayupio
@jpgstoreNFT

Jpgstore is presently has most of the marketshare.
But Wayup is the future, generally its UI is just better alongside many features that wont easily be found elsewhere, its also an aggregator so you don't need to look at jpgstore to see its listing anyway, but I'm biased on this one. In @CashAnvil and the @ada_anvil dev team we trust.

[Seanavocado @Seanavocado]

@ItsDave_ADA The only issue, is the lack of a place to go. Discuss and decide what and how much to spend with a few elected members. A budget with all the line items proposed by a congress that the Dreps can then ratify if they agree.

one vote every 4 or 6 months. Less public salt

[Seanavocado @Seanavocado]

@Cardano_CF @OrionFund Great step in the right direction

[Seanavocado @Seanavocado]

@bigpey The price being down as hard as it is, has little to do with the treasury. It might not be helping, but the crypto market sucks atm

Goverance is obviously rudderless. It needs a congress system for the budget process. I would say Dreps and SPOs fight it out behind closed doors

[Seanavocado @Seanavocado]

@amw7 Its tongue and cheek, I know as much.

Yet it's the main issue with governance presently, and inertia is our goverances default state so I'm not sure how the ball even get rolling to fix it.

[Orion Fund by Draper Dragon @OrionFund]

We're live on our first Ecosystem Roundtable!

Join the Space for the latest updates, ecosystem insights, and a future outlook on what's coming.

https://t.co/Izhn3XoYe4

[Seanavocado @Seanavocado]

@CardanoAftrDark The issue is the death by a thousand cuts that is discussing money, the budget; in the open via a popular vote on X of all places. It needs to happen behind closed doors. Intersect has failed in that, we might need something else. We need a congress and closed door discussions

[Seanavocado @Seanavocado]

@CashAnvil Run the treasury like a for profit business would, not how a government would.

We allocate a % of the excess fat to public good.

[Seanavocado @Seanavocado]

@IOHK_Charles We need to form a congress.

Money is a fast way to seperate friends and family. X is just a toxic place for discussion, the worst place for cardano goverance to be. Its killing cardano via a thousand cuts

We need to close the doors to discuss budget, Dreps vote after to ratify

[Seanavocado @Seanavocado]

@CashAnvil Hence why I keep saying we need a congress. There can be many of them. Budget discussions need to happen behind closed doors. Public discourse breeds resentment, and trolls thrive

Dreps just ratify the package is they agree.

[Seanavocado @Seanavocado]

@IOHK_Charles Enjoy it.

Stick to the previous plan. You do better with longform content where you can get your ideas across anyway. X spaces, YouTube etc.

Social media is just a disaster for honest discussions, too much gets lost.

Social media is also too toxic, it's better not to engage

[Seanavocado @Seanavocado]

@benjamincowen The four year cycle will only make sense until it doesnt

It takes two seconds of thought to tell that the cycle wont matter forever, as the halving events just matter less each time

So while this time it seems to have held again, there is a good chance that next time it won't

[Seanavocado @Seanavocado]

@JaromirTesar @CryptoXDaPlug Nearly every Drep is going to have their form of bias.

Thats goverance. It needs to work despite that, or its not real

[Seanavocado @Seanavocado]

@JaromirTesar @Cardano_Power Goverance needs a heavy hand to move past minimal viable, its stalling.

The questions raised against IO were valid, and charles response was immature to valid concerns.

That said, those questions needed to happen behind closed doors, where disclosures can happen if needed

[Seanavocado @Seanavocado]

@IOHK_Charles Just have a congress for the budget, fighting behind closed doors.

Proposed budget via intersect, or competing orgs. Thats it, the full 6 months of funding in one proposal.

Dreps vote to ratify budget, no vote means no confidence in budget or perhaps org proposing

[Seanavocado @Seanavocado]

@Cardano_Power @IOHK_Charles @Cardano We just need a congress, aka various intersect like orgs. start with @IntersectMBO behind doors fighting, they propose a bundled item budget for 6 months. Thats it no more

Dreps vote to ratify the budget if they agree. No vote means no confidence either in budget or in intersect

[Seanavocado @Seanavocado]

@Cardano_Power @IOHK_Charles @Cardano We just need a congress, aka various intersect like orgs. start with @IntersectMBO behind doors fighting, they propose a bundled item budget for 6 months. Thats it no more

Dreps vote to ratify the budget if they agree. No vote means no confidence either in budget or in intersect

[Seanavocado @Seanavocado]

@jdivo10 We need a congress running. Aka what intersect could be, but it would be even better if we have a few orgs

Behind closed doors fighting, then a full package, dicussed line items budget for 6 months. Dreps vote, if doesnt pass back to drawing board or another orgs budget proposal

[Seanavocado @Seanavocado]

@jdivo10 We need a congress running. Aka what intersect could be, but it would be even better if we have a few orgs

Behind closed doors fighting, then a full package, dicussed line items budget for 6 months. Dreps vote, if doesnt pass back to drawing board or another orgs budget proposal

[Seanavocado @Seanavocado]

@yutazzz There needs to be a congress ( intersect and hopefully future competitors ), a place to discuss the budget and to propose a full budget for 3 or 6 months.

Dreps vote once and ratify the budget if they agree. If not back to the drawing board or say intersect competitors budgets