Top Tweets for #AssetrixEarlyBirds
That is the mechanics of the backing, in plain words. The full picture is at https://t.co/qYJ7BSWOIE — read it before you believe any thread, including mine. #AssetrixEarlyBirds
A second look at Assetrix, this time at the part I skipped over: the backing. Not the mint price, not the market price — the reserve sitting behind each token, and what actually makes it go up. 🧵 #AssetrixEarlyBirds @assetrixdao
4/ The guide should describe the real behaviour, or the Split control should exist where the guide says it does. Full write-up in my test-run report. #AssetrixEarlyBirds
1/ A second mistake I found testing Assetrix on Sepolia: the guide says Split divides a position so Redeem returns one part of it. The app has no Split control at all. 🧵 #AssetrixEarlyBirds @assetrixdao
One idea from Assetrix that stuck with me: the contract's mint price for new tokens only ever rises. Every token issued pushes it one notch up, and no notch ever comes back down. #AssetrixEarlyBirds @assetrixdao
Redemption on Assetrix is neutral, and that took me a while to believe: when someone leaves, the pool shrinks, but the share of the people who stay does not change. Leaving takes nothing from them. #AssetrixEarlyBirds @assetrixdao
The Assetrix test funds page says a new wallet can claim test ETH from QuickNode with nothing asked. In reality it demanded mainnet ETH, and Chainlink wanted 1 LINK on mainnet. The guide is wrong on this. #AssetrixEarlyBirds @assetrixdao
4. The guide should say that plainly, or the faucet list should change. The page in question: https://t.co/Wp9QyJFolw #AssetrixEarlyBirds
1. A mistake I found testing Assetrix on Sepolia: the test funds page says a new wallet can claim test ETH from QuickNode with nothing asked. That is not what happens. 🧵 #AssetrixEarlyBirds @assetrixdao
8/ I am testing the protocol on Arbitrum Sepolia next and will write up the full test run. If you want to read the mechanics yourself, the source is https://t.co/qYJ7BSWOIE — read it before you believe any thread, including mine. #AssetrixEarlyBirds @assetrixdao
12/ Final: ~9,998 tUSDC, 25.80 ASTRX, no open position. Gas for the whole run: about 0.00003 ETH. Source: https://t.co/qYJ7BSWOIE — read it before you believe any thread, including mine. #AssetrixEarlyBirds @assetrixdao
1/ I ran the Assetrix Early Birds test run on Arbitrum Sepolia. Full write-up below — with one honest caveat first: I did not use a brand-new wallet. 🧵 #AssetrixEarlyBirds
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