Joey

im new here

[Joey @esteehkid]

@0GAntD making the unthinkable inevitable

[Joey @esteehkid]

@cc0company @base wow

[Joey @esteehkid]

@mert sahur bank

[Joey @esteehkid]

$prism coded

[vitalik.eth @VitalikButerin]

Building index-tracking assets on top of options instead of debt

https://t.co/gFNEvCbHct

What if the use options as the base of defi, instead of CDPs and liquidations? So instead of extreme price movements creating a sharp and global "you get liquidated" effect, instead your exposure to the index diverges quadratically from your preferred exposure in a smoother way?

A key benefit is getting rid of the need for instant oracles, and instead making everything work on top of "slow oracles" (ie. the type that prediction markets use)

This design has a significant downside - the need to do regular rebalancing - and an open question of whether and how this rebalancing can be made slippage-resistant enough. But it's worth considering and trying IMO. I would feel much safer holding algostables inside something like this, than in something that depends on an oracle that has to give real-time answers (and therefore could be tricked into giving wrong real-time answers with no time for human recourse).

[Joey @esteehkid]

@base pls broo where's the sleeping giant

[Joey @esteehkid]

@prism_lp gPrism

[Joey @esteehkid]

comfy,all you need 1 ethereum:0xbd3ab5859f244cc9f51ee0ca755c5cf663d80040 and dream

[Joey @esteehkid]

@downhorrndously @DNS_ERR @frankdegods

[Joey @esteehkid]

@0xNellia 1 $prism & dream

[Joey @esteehkid]

@vitaoneth Ngl the concept is so fun, I'm excited for my eggs to hatch

[Joey @esteehkid]

5k usd/1 $prism next week

[Solazy @0xsolazy]

https://t.co/1q3weqgZlh

[Joey @esteehkid]

@ColbySaysHi higher

[Joey @esteehkid]

aped new tek on eth
0xbd3AB5859f244CC9F51Ee0Ca755c5cf663D80040

[Solazy @0xsolazy]

https://t.co/qUCGMpevq1

[Joey @esteehkid]

@liquidtrading Ok

[Joey @esteehkid]

@blknoiz06 @0xSUPERGEMMA looking good here

[Joey @esteehkid]

only bet on chad dev

[Joey @esteehkid]

@shengkun_ye Post feet pics if you’re not hacked

[Joey @esteehkid]

@Rayblancoeth So what will the 0.01 ETH mint fee be used for?