Leo Zhang

Engineering @flow_blockchain. Previous: @dapperlabs @AxiomZenTeam @ZenHubHQ, AppAnnie, Microsoft

[roham @roham]

we fucked up.

we built apps with the world’s most-loved brands. protocols with millions of users onboarded and billions in volume.

but our mistake was simple: not enough of the value flowed to the believers who made it possible.

we’re fixing that now.

not only have we started updating the economics of our core products, we are also building a new slate of products and protocols with value creation at their core.

the moment we need is finally here. $300 billion in stablecoins. $30 billion in tokenized real-world assets. trillions more on the way.

the infrastructure and liquidity exist. what doesn't are the right products.

defi today is hostile. it demands technical mastery just to survive: slippage, mev, liquidation cascades. the list goes on.

every interface is built by experts, for experts. everyone else is forced to stay on the sidelines.

that's the gap we're filling.

we've proven we can bring the benefits of crypto to mainstream users without asking them to become technical experts first.

we've proven we make complex technology feel simple. now we’re applying it to the biggest market: money.

@dapperlabs and @Flow_Blockchain are democratizing consumer defi.

today, three big moves:

first is a new open-source protocol being developed by Flow Foundation:

Flow Credit Markets (FCM), a lending protocol that protects you instead of punishing you.

traditional defi lending is punishing: it waits until you're underwater, then liquidates you and charges a penalty.

FCM is active. it uses the native onchain automation on Flow to monitor every position continuously and rebalance automatically before the position is at risk of liquidation.

so far backtesting against every major crash since 2020 see 100% survival rate and 99.9% cost reduction versus lending protocols on other networks.

second is a product built on top of the foundation of FCM.

peak money: the finance app for a generation that has stopped believing in banks.

our generation watched the traditional path to wealth become mathematically out of reach. so we stopped playing by the old rules. turned investing into culture. bet on elections like sports, traded athletes like stocks, turned every opinion into a market.

peak money is built to level the playing field. to give everyone access to the same opportunities available to crypto experts and soon, with the tokenization of the entire global finance markets, those used by hedge funds and billionaires too.

banks make money from you. peak makes money for you.

the product starts simple: deposit cash or crypto. earn more than any bank will pay you. earn and spend without selling. no minimums. no gatekeepers. no seed phrases. no liquidation fear.

watch this space: @peakmoney_

last but not least: $FLOW tokenomics.

liquidity moves freely between chains. the apps people use every day don't. we believe the most valuable cryptocurrency will be the native token of the network powering products people can't live without.

for that to happen, the native token must align the people who build with the people who believe.

for years, Flow subsidized growth with near-zero fees. that made sense when the priority was experimentation. now the priority is economic alignment.

dapper labs supports FLIP-351 proposed by Flow Foundation, updating transaction fees on Flow to dramatically reduce token inflation and ultimately become deflationary at just 250 tps - all while remaining the lowest-cost network compared to its peers

every transaction burns tokens. network activity creates scarcity. scarcity compounds value. believers benefit.

infrastructure + application + economics. aligned at last.

[Leo Zhang @chiqing]

Attending the ETH Seattle (hosted by @DystopiaLabs) next week. Any fellow attendees or connections interested in meeting up?

[Leo Zhang @chiqing]

This feature will help Web3 developers onboard their users much easier, especially for onboarding beginner users. And it is live on @flow_blockchain Mainnet already. Flow is the first blockchain that supports it natively. Read more here: https://t.co/I6k6aaQvHQ

[Leo Zhang @chiqing]

In the past, one of the biggest pains of onboarding users to a blockchain app was helping them set up a wallet. Why? Because developers want their users to collect and hold NFTs, and only wallets can hold NFTs. Therefore, users have to create a wallet first.

[Leo Zhang @chiqing]

If users become comfortable creating their own wallets, they can link their own wallet account to their app-custody account to gain direct access and control of their NFTs. This on-chain operation is visible to both the wallet and the app.

[ETHDenver 🏔🦬🦄 @EthereumDenver]

Web3 adoption — a very hot topic at the Genesis Stage this morning.

@roham from @dapperlabs is discussing the overwhelming migration from Web2 to Web3 while shining a spotlight on account linking on @flow_blockchain.

[Leo Zhang @chiqing]

@poopie GM

[Leo Zhang @chiqing]

My last blog post for the series about Ethereum storage (See also the full list at the end of that post)
https://t.co/q0TbK3e7Aq

[Flow.com @flow_blockchain]

Why are the biggest brands, IPs and platforms building #onFlow? Here are just a few of the reasons:

💪 Battle tested with proven scalability

Whether it's @nbatopshot's 21M+ transactions, or the recent all-time high of 2.2M transactions in a single day, Flow can handle anything

[Meta Newsroom @MetaNewsroom]

Mark Zuckerberg announced we’re rolling out digital collectibles to 100 more countries. Now, more people, creators and businesses can showcase their #NFTs on @instagram.

We're also launching integrations with @CoinbaseWallet @hellodapper and support for @flow_blockchain.

[Leo Zhang @chiqing]

Continue from previous blog post, this one I explained how Ethereum smart contract storage is designed with examples.
https://t.co/5YW3jK3LgC

[Leo Zhang @chiqing]

New blog published, about Ethereum storage proof. EIP-1186 Explained with Examples - the standard for getting account proof. #blockchaintechnology #Ethereum https://t.co/2os4P1zLOC

[Leo Zhang @chiqing]

Today, I just published a new blog post about Verify Ethereum Account Balance with State Proof. https://t.co/24Kgu2Lkyt. This is part of the series about Ethereum Storage.

[Leo Zhang @chiqing]

A while ago I published a blog post about Merkle Patricia Trie. https://t.co/iUn8VV8bJn

[Leo Zhang @chiqing]

I'm trying a series of blog posts about Ethereum storage.

[Leo Zhang @chiqing]

Just published a new blog post explaining Uniswap V2, the formula X*Y=K, and it's beginner friendly. https://t.co/H7J7w8qaqL #DeFi #Blockchain #cryptocurrency