Top Tweets for #ESE1

over 1 year ago

I did not wanna talk about the #USTC #Repeg plan before I had clearly stated the plan for #EQA but I believe I need to explain both so that there is no confusion regarding this: 1. I do have a $USTC Repeg algo and it's called E² It's a more sophisticated version of #ESE1 - the algorithm I am calling a stability engine 2. ESE-1 or the Equilibrium Stability Engine is a versatile algorithm which can be used to keep anything at any peg we wish - it could be a new stablecoin and it could even be an existing one 3. ESE-1 cannot independently repeg $USTC - so I had to upgrade the formula and make E² but that did not do the trick either 4. I had to use a concept from robotics to derive an equation from a fuzzy logic algorithm that's used to design controller systems for sensors - yeah, you are reading this correctly 5. The mechanism I discovered completed E² and it finally worked - in the simulations that I did, it showed that $USTC was getting re-pegged with normal trading in less than 2 months I ran the tests quite a number of times, changing the parameters each time, trying to simulate the same de-peg event that crashed #Terra Well, the algorithm still held strong - it was still getting back to peg in 1-2 months at most. Worst case scenario - 2-3 months 6. Initially when I ran the tests on the algorithm, I didn't understand myself how it was getting re-pegged automatically cause I had not implemented any such feature I realized that we didn't have to do anything after implementing this algorithm cause the traders are gonna trade and bring $USTC back to peg - basically they will arbitrage trade the $USTC for profits and the system rewards them for doing so 7. I simulated a double-depeg event with the same parameters and price of $BTC in the year in which the crash happened - it still got back to peg in 1-2 months during a double-depeg event. I have all the graphs and the data to show that to you guys later 8. The plan ahead is to implement a CW20 token with the basic formula first - ESE-1 and as @frag_dude has suggested, it isn't required to take this to governance currently. I can issue the contracts on chain without much expenses 9. I am happy to answer anyone's questions regarding anything of course @igorsoares62 but if you tell me that after the kind of details I have released publicly, I am not giving enough details, then I wouldn't accept that cause that isn't true 10. Right from the beginning, till now, it's the same formula I am working with, even though I have 10-12 more variations. I have already written most of the modules and I am expecting that the work will be completed in less than 1 week from now I just wanted to inform the #LUNCcommunity that I am not providing any hope - I have substantial code already to finish the rest of the work, which I am doing already.

Aru Basu @klothtweets

over 1 year ago

I was actually trying to replicate $bnSOL which is the #Binance liquid staking token of $SOL If you stake $SOL on Binance they give you $bnSOL + $bnSOL rewards I ended up making a $bnSOL farming bot AND the formulae required on top of the final version of #ESE1 to adjust parameters for emissions/rewards - it does require an adjustment without which, your stablecoin will go off-peg I believe $USDC rewards you for just holding it - airdrop style, like you are talking about. That can be done as well. I haven't tested that code but I did end up writing it I was thinking of gradually releasing updates, not at one go, cause we will need to do a lot of bug testing of the contracts and they will need to be built in an incremental way, beginning with testing the stability engine on a CW20 token first At least this is what I suggest moving forward

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Eccleston Lanús @eccleston_lanus

over 7 years ago

RELAXATION TIME ♦ - At #EcclestonSchoolOfEnglish we know that having accurate #healthy pauses help to increase the quality of the learning process. Our little ones from #ESE1 have proved it right. Relaxation plays a major role in our classes. -