krishang

Only the autodidacts are free | prev. eng @monad, founding eng @thirdweb

[krishang @MonkeyMeaning]

f*ck it,

Tornado Cash as a foundry project (with forge test cases), using latest versions circomlibjs, snarkJS, etc.

https://t.co/zG3UgAxGuG

[krishang @MonkeyMeaning]

@harpaljadeja in an ideal world, this would be a rhetorical question

but tbh it was when elon cut the twitter workforce

[krishang @MonkeyMeaning]

once again realizing that I'm not a visual learner

I need explanations in full sentences that build up intuition, where each statement logically follows from the previous one, then show me the equations, and recall how the equations are but a compact description of it all

[krishang @MonkeyMeaning]

@WizzOnChain_ appreciate it!

ya, writing it as a thread was a pain too : /

would love for you to check this one out! https://t.co/Eto66cRo3u

[krishang @MonkeyMeaning]

xy = k from first principles

https://t.co/wbyqUiaHLy

[krishang @MonkeyMeaning]

Say, we live in a world where we buy oranges in exchange for apples, and vice-versa.

A vendor has 100 oranges and 20 apples in his basket.

We're buying oranges from him and we're paying him in apples.

How many oranges is one apple worth?

[krishang @MonkeyMeaning]

xy = k from first principles

https://t.co/wbyqUiaHLy

[krishang @MonkeyMeaning]

Say, we live in a world where we buy oranges in exchange for apples, and vice-versa.

A vendor has 100 oranges and 20 apples in his basket.

We're buying oranges from him and we're paying him in apples.

How many oranges is one apple worth?

[krishang @MonkeyMeaning]

And this is how AMMs work.

[krishang @MonkeyMeaning]

This makes it prohibitively expensive and loss-making for a customer to make irregularly large purchases that, essentially, the vendor’s basket is not prepared to handle

This is how a vendor can let the market always bring the basket's ratio back to market rate.

fin.

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