The DeFi Kernel concept is a really interesting take on how to grow DeFi on #Cardano. For educational purpose, I made this poster summarizing the approach @__fallen_icarus describes in his blog. https://t.co/UIvFOqbWKQ. Have a look at it, and don’t hesitate to re-share it.
First white-hat exploit on Ethereum: I unlocked 1,003.62
Ξ ($2,000,000) trapped in a 2016 ICO smart contract
for 9 years.
The 48 original investors can now claim their funds.
A preview for Pro users: a new personal finance experience in ChatGPT.
Pro users in the U.S. can securely connect financial accounts, see where their money is going, and ask questions based on the information they choose to connect.
Your full financial picture, now in ChatGPT.
We just battled tested Ascend w/ $100M USD volume in 5 mins.
First @MidnightNtwrk app to hit this level of fast & private execution with low latency.
> TPS peaking ~750/sec
> 150K trades/ 5 mins
> UI updates: 8/sec
Almost 70% sold (18 hrs left):
https://t.co/JNgrfKqsKU
Really interesting discussion from @AGoCorona about using the Cardano mempool as a high speed execution layer for the DeFi Kernel’s order book. No fast L2 needed. This is only possible with eUTxO and the DeFi Kernel architecture.
Wdyt? 👀
https://t.co/8jpYfSdPof
@DanoFinance Spend the last two days building prototyp SCs. The loan lifecylcle works including beacon and key minting and burning. Sovereign adresses next. Interesting stuff. More docs would be helpfull. Still not sure if i understand the whole defi kernel concept.
The DeFi Kernel will eventually decouple Cardano from the rest of crypto.
Its non-margin credit market creates natural demand through productive loans—not speculation. No other chain can do this.
This demand will protect Cardano while the rest of crypto is in a bear market