Top Tweets for #SigmaProtocol
Introducing Sigma Protocol
#SigmaProtocol is a fully decentralized set of persistent, non-upgradable, self-executing smart contracts on the PulseChain blockchain, designed from the ground up for the creation, management, and trading of a novel DeFi concept: the DTF (DEX-Traded Folio).
What is a DTF?
In its simplest form, a DTF is a tokenized basket of cryptoassets represented by an ERC-20 token. This token can be minted and redeemed directly through the protocol and traded on a decentralized exchange (DEX) such as PulseX or Uniswap, with each token representing a proportional share of the underlying constituent assets held trustlessly in the DTF. Anyone can deploy one, permissionlessly, with no intermediary.
๐ก Interesting perspective on #PulseChainโs future by @_SigmaProtocol
We donโt just need more tokens โ we need systems that reward behavior that helps the entire chain.
If Sigma really delivers on that, it could be a game changer. ๐
#HEX #PLS #DeFi #SigmaProtocol
I think it's time to talk about @_SigmaProtocol and how I see it fitting into the current #PulseChain ecosystem and how I hope it will shape the future of it.
I've made enough posts about liquidity and entropy. Even some my terms like "liquidity web" have become commonplace now, so it's nice to know you guys listen.
In short, we need products that reward good behavior, but not just for itself, but the whole chain. $HEX does this for itself, $HDRN / $ISCA do this for themselves and $HEX, etc...
Very few things are out there that are incentivize that behavior for the whole chain that aren't liquidity products. Liquidity is great, but it also just has a neutral effect. Can be good, can be bad.
On a side note, the LPX guys seem to have something cool. I think I still need some more time to know 100% how I feel about it, but. I do think it's worth looking into and making your own decisions about.
Anyways, on to @_SigmaProtocol. The TL;DR without giving up any secret sauce. It's a multi-index protocol. Think things like SPC, IXIC, DJI, etc... in traditional markets.
It has multiple index strategies to choose from, equal weighted is of course one, but there are others. You can bundle a number of tokens together and it will create a singular index token that represents the bundle and strategy. After funding the only way in / out of the index is stables.
There are some really important nuances.
1. The tokens in the index are not liquidity, they are specifically held outside of LP pools. Many tokens in, one out, reduces entropy of the system state. No impermanent loss risk from LP.
2. Because of the direct stable input / output redemption mechanism the only pair that makes sense with the resulting index token is stables or coins with massive stable pairs like $ETH and $PLS.
3. Onboard ease, buy one token and hold the representation of many. Easy to also create alternative bridge markets where the other side of the bridge only needs one pair with a stable to provide viable arb opportunities and liquidity injection from other chains.
Which brings the final question, how are these indexes in Sigma created? By a custom DAO of sorts. A lot of the secret sauce exists in the DAO, so I'm going to be brief for now.
There are no restrictions for the DAO, primarily I envision other token creators on #PulseChain to be the primary holders of the DAO token, maybe some whales and blockchain enthusiasts as well. Anyways, the DAO has the ability to tune many aspect of active indexes but also create new ones. However there is one major caveat. When creating a new index, the proposer has to put up DAO token as backing collateral.
I don't know if these DAO tokens will have value as they are largely functional. Maybe people speculate on them, I can't control that if they do. But if proposers create bad indexes or include scams in them, they lose their DAO tokens and can no longer participate in the DAO. That's the tradeoff.
Now of course, the final final question. What about V2? In short, it's largely complete. I just don't think it's going to be a net benefit right now. There is too much fundamentally wrong with the chain state. Hyperlane is cool, maybe I extend the current codebase with it. It certainly cannot lift the chain on its own with how connected we all are. My hope is @_SigmaProtocol will create an environment for V2 to thrive.
Note, whether you blame Richard, or scammers , or all the copied tokens, etc... for this. It doesn't matter. Reality is we have a relatively well functioning chain, and this is the state it is in. We can complain about it, or we can try to make it better. Complaining doesn't often do anything, so i'm trying to make it better. The problems we deal with the today are largely the result of the users (us) doing dumb things.
We are a community or not, we may all not agree, but we all need something to unify around, something that includes all of us. Because if we are not a community, then we are nothing.
Thanks for coming to my TED talk. May the future of $PLS be bright. I wont stop until it is as bright as it can be.
Any native token that you #bridge into #Ergo, can be made a #Privacytoken. Through #SigmaProtocol. Any #WrappedAssets that comes on to ergo can use #SigmaProtocol. its not a secondary nor costudial services, its basically the power of Sigma Protocol. ๐ @Erg0ne #PoCoP @ergo_plat
The Rosen design allows for transfer between any 2 supported chains.
Ergo, Cardano, Bitcoin, Binance Smart Chain, Ethereum, etc.
2022 saw bridges fail because they were poorly made and overmarketed.
It is time for a new standard. Built on clear assumptions. @Ergo_Platform
๐It's a milestone day!
#SigmaProtocol officially launches TODAY at 14:00 UTC time.
Let's revolutionize the future of tech together.
Join us!
#LaunchDay #BTC #Bitcoin #web3 #dApps #Airdrop #launch #FairLaunch #ETH #BSC #Crypto #cryptocurrency
Introducing @sigmadefi a cutting-edge #DeFi project providing secure store of value and passive income via innovative staking to reshape the crypto landscape! ๐
Let's explore the revolutionizing features of this ground-breaking project ๐งต
#SigmaProtocol #sigmacompetition
Tokenomics
Now, let's talk about the tokenomics and supply. Sigma is a multichain blockchain with the token name Sigma, symbol SGM, and decimals of 18. The initial supply is 10,000,000 SGM.
#sigmaprotocol #sigmadefi #defi
Here's a detailed article from @MEXC blog - https://t.co/5NNxiJFSCD
As a ve(3,3) model, @sigmadefi is inflationary.
The working principle of #sigmaprotocol is very easy, as seen in the attached image.
Why do you need the $btcSGM? It is the powerhouse of the #Sigma ecosystem.
๐ Exciting news!
Our cutting-edge Sigma Protocol is now LIVE.
Get onboard & start earning with our new #staking feature.
Stake your tokens today for future rewards! #SigmaProtocol #CryptoStaking #Crypto #BTC #Bitcoin #DeFi $SGM #Sigma #btcSigma #Launch #FairLaunch #JUSTLAUNCHED
@WandaNaraCrypto Discover the power of #SigmaProtocol! Stake your tokens and watch your #Bitcoin rewards grow. ๐ A game-changer in #DeFi, Sigma makes earning $BTC easier than ever! ๐ฐ Join us and let your crypto work for you. #Staking #Crypto #EarnBitcoin
๐Introducing @sigmadefi:
As the ultimate decentralized staking platform, fusing Bitcoin's spirit with DeFi's future! ๐ Expect thrilling halving events, rewarding early stakers, tremendous Bitcoin rewards and enticing free stakes. Don't miss this๐ฅ#SigmaProtocol #DeFi #Bitcoin
#SigmaProtocol #Airdrop
๐ Event schedule
June 2nd - June 13th, 2022
๐ Reward & Winners
Total 50 winners
1) $250 worth of SIG ร 30 Top referrers
2) $125 worth of SIG ร 20 Random winners
Gleam :
https://t.co/THjbbWXoaA
https://t.co/THjbbWXoaA
Yeni Airdrop: Sigma Protocol
รdรผ :$10.000 $SIG
Airdrop detaylarฤฑ: https://t.co/aQPHmYMJWf
#Airdrop #SigmaProtocol #SIG #CoinMuhendisi #AirdropMuhendisi
Ciao Guys!! ๐
Today on @loop_finance my latest article focus on
@sig_finance first Option platform on @terra_money
Are you ready for Options?? ๐ฎ๐น
#sigmaprotocol #terraluna #loopfinance
https://t.co/72YkMnmK85
#SigmaProtocol looks like it's going to be a good one! Check it out below..
#Sigma #crypto #CryptoGem #airdrop
@Krypto_Sharky
@demogirl
@Wicked_Rose
@Noircoin Sigma activation successful. New reward structure is also in place.
Be sure to update your wallet to version 2.0 if you haven't already!
Thanks to our 'big brother' @zcoinofficial for developing the #SigmaProtocol
$NOR #noir #crypto
The #noir community is #voting about whether we should change from #zerocoin to the #sigmaprotocol - you can vote as well on the @Noircoin Discord!
Over 1000 downloads in the first 48 hours!
#SigmaProtocol is still available for free on #Amazon. Hurry before the free copies are gone!
https://t.co/v0RrUWWtEf
#space #KindleUnlimited #KindleDeals #ebooks #scifi
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