DankDeFiMemes

Just an ordinary crypto troll

[DankDeFiMemes @dank_fi]

@dexdotblue what you guys are doing is cool aggregating dex liquidity in an orderbook.

But what I am seeing here is that because of the AMM models, even aggregated across all of them, there is still a pretty wide spread - 0.3% spread, before fees and gas....

[DankDeFiMemes @dank_fi]

@CoinCornerMolly Basically:
Chinese CEX pays MM to use their product to show volume = washtrading (bad :( )
American VC backed DeFi protocol pays MM to use their product = yield farming (genius instrument)

[DankDeFiMemes @dank_fi]

@BalancerLabs @Hex_Capital Its always great to see VC money go to the people - reminds me of Uber, Lyft and all the bicycle sharing companies

[DankDeFiMemes @dank_fi]

@CoinCornerMolly It is paying people money to use your product. In the past it has been known as washtrading

[DankDeFiMemes @dank_fi]

Now meme mining is something I can get behind @Kleros_io @deversifi

CEX vs @paraswap @UniswapProtocol @WrappedBTC @renprotocol @deversifi

Now where is my NEC?

[DankDeFiMemes @dank_fi]

@loopringorg @coingecko It would be cool to track somewhere L1 vs L2 exchanges volume. As the whole of DeFi is growing I think we should take these metrics into context

[DankDeFiMemes @dank_fi]

@ercwl @udiWertheimer @compoundfinance @bitfinex So what have we proven here - if you pay people to use your product they will. The real test here is going to be how many stick around once the incentives are gone.

[DankDeFiMemes @dank_fi]

@08xmt @0xEther Yeah I think if a new stablecoin emerges to replace tether it would have to have a very different model. Slight improvements on the federation model like USDC or GUSD are not gonna cut it - same thing different players.

[DankDeFiMemes @dank_fi]

@DegenSpartan I feel like its 2017 again

[DankDeFiMemes @dank_fi]

@the_matter_labs What an unbiased and comprehensive report 😂

[DankDeFiMemes @dank_fi]

@DegenSpartan The markets dont make sense anymore

[DankDeFiMemes @dank_fi]

@nashsocial @Nasdaq I hope Nasdaq talked to someone else too, it would be an unpleasant surprise to find out:

- LN has attack vectors because it is too centralised
- Noone wants to used it (there is less BTC on LN than wBTC)
- after 2 years still doesnt work

LN BTC printer go Zz....

[DankDeFiMemes @dank_fi]

@loopringorg @ensdomains @WrappedBTC @renprotocol do i get this right? so I make:
- one "normal" tx to deposit to L2
- one fast transcation on @loopringorg pay
- the the other person does one "normal" tx to get the funds back into their wallet

[DankDeFiMemes @dank_fi]

@CamiRusso @renprotocol @CurveFinance Yeah +dank volume and I am sure this will stay this way for a whole year

[DankDeFiMemes @dank_fi]

@MessariCrypto @tezos Every time I see news about Tezos

[DankDeFiMemes @dank_fi]

@finestonematt DEXes are easy prey - no real trader would put with crossing a spread wider than the grand canyon (e.g. Uniswap) to then only be hit with a gas bill on top of that. And dont get me started on frontrunning...

[DankDeFiMemes @dank_fi]

@loopringorg Is this car going backward meant to signify something?

[DankDeFiMemes @dank_fi]

@CoinDesk @CoinMarketCap @binance @cz_binance @paddybaker_ to be fair CMC data has always been wrong....now at least someone is benefitting from it

[DankDeFiMemes @dank_fi]

Its an expensive choice

@coinbase @CoinbasePro @FTX_Official @binance @bitfinex