Ilya Oskin

Software Research & Development. Co-founder and CTO at @spectrumlabs_

[Ilya Oskin @oskkkin]

@phil_uplc I assume the difference on real use cases with script context access won't be that dramatic?

[Ilya Oskin @oskkkin]

@MicheleHarmonic @buxdabomb Account abstraction over utxo is getting more and more traction, basically it's trying to solve same UX problems (need for proxy orders), but all solutions on SC level are quite limited. I think solving this at the ledger level is good overall. See https://t.co/UmsA7OopwP

[Waffle Capital Ltd @Waffle_Capital]

A heartfelt thank you to everyone who joined us tonight!

It’s always a pleasure bringing together the Cardano community—projects and enthusiasts alike—for these rare and special moments.

[Ilya Oskin @oskkkin]

@rvcas Idk what embarrass you in this code, a plethora of type parameters?

[𝐃𝐦𝐢𝐭𝐫𝐲 - biofoundationalism.com @BackTheBunny]

A company does not ask "what does our stock do?"

A commodity producer does not ask "what does our oil do?"

A debt issuer does not ask "what does our bond do?"

Yet DeFi projects must ask and address... "what does our token do?"

Your token is a separate product. Your company has two products: the platform and the token.

It's a separate product because it demands your separate focus, time, and most importantly, resources to be poured into it to justify its existence.

Your token should be a derivative of your platform, not a feather in the wind requiring that you constantly blow on it to keep it afloat.

No asset with real value accrual needs this. It's time for DeFi to enter adulthood, and provide assets that reflect that maturation.

With Salutary @BuildForWeight, your token's value and "utility" is self-evident. It becomes a real asset that tracks your project's success.

Simple. Elegant. Healthy. Salutary.

Stop building for votes, and Build For Weight 🪐

[Splash @splashprotocol]

🎉 Thrilled to announce that Splash enables private access for market-making firms.

They can connect to the DEX virtual order book to provide liquidity like on a centralized exchange.

If you are a project and interested, contact us in Discord.

[Ilya Oskin @oskkkin]

Unpopular opinion: slowly migrate value from Bitcoin to something more usable, still spiritually close.
Like @ergo_platform

[Duo Nine ⚡ YCC @duonine]

15/ Secondly, use the Bitcoin network!

Thanks to ordinals and other emerging use cases, Bitcoin can capture and hold its value on its native chain. It can’t be abstracted away!

You being there is the biggest investment into Bitcoin’s future and yourself! Nothing beats it.

[EMURGO @emurgo_io]

At the “What’s Possible for DeFi: Exploring Innovations on Cardano” panel discussion, EMURGO together with @axelar, @OptimFi, @SpectrumLabs_, and @FluidTokens discussed the current innovations within Cardano's DeFi ecosystem and their potential to revolutionize financial services on a global scale.

During the session, @axelar officially announced an upcoming integration with EMURGO, enhancing Cardano’s interoperability with the ability to onboard users from 70+ chains to Cardano and bridge ADA to 70+ different DeFi ecosystems.

👉 Follow us for future updates!

[EMURGO @emurgo_io]

Delve into the vast potential of Cardano's DeFi ecosystem and explore the innovative projects and solutions shaping its future.

Join us for the “What’s Possible for DeFi: Exploring Innovations on Cardano” panel discussion at Cardano Summit 2024, moderated by @_MrHunt_ and featuring @OptimFi, @FluidTokens, @spectrumlabs_, and @axelar.

📍 Cardano Summit 2024 Pitch Stage
⏰ October 24, 2024, 10:55 GST

[Splash @splashprotocol]

The first fully decentralized protocol governance and incentives system (Splash DAO) on Cardano will be launched next month 👀 Wanna know more?

[Ilya Oskin @oskkkin]

@MicheleHarmonic @l0whung Current Splash EE network consists of 10 Cardano nodes, ie 10 mempools and can be scaled linearly.

[Ilya Oskin @oskkkin]

@StakeWithPride This obsession with Solana becomes worrisome

[Ilya Oskin @oskkkin]

@MicheleHarmonic @adamKDean @zygomeb I understand that sometimes it's hard to reason about products that create an ecosystem around themselves. Let me explain: our pools are permissionless and unless we provide the fastest batcher system possible most trades will be frontrun in mempool by third actors. That's it.

[jupiter 🍊 @stockjupiterr]

gotta say, at this point, trading on https://t.co/bdrwW12B5c through @splashprotocol does indeed feel superior to Solana, don't believe me? try it

swaps have been RAPID

[Ilya Oskin @oskkkin]

@BigGanja0 @snekdotfun These orders are out-of-price-range, will add special marking in the UX soon. For now these should be cancelled.

[Thelonius @UTXOchad]

Tl;dr:
- if you use a dex with closed batchers like Minswap and Sundaeswap, you won't get exploited through on-chain bribes because they prefer off-chain bribes or exploiting you themselves
- the primary reason why Minswap and Sundaeswap are still ahead of Splash in TVL isn't tech but their first-mover advantage and threador marketing cabal

[Ilya Oskin @oskkkin]

@PhilippeVleLong @ItsDave_ADA @zygomeb This was a compromise rather than active design decision. The concern was that DeFi would be more profitable in terms of APY and start threaten consensus stability, so the solution was to make this conflict impossible - same ADA can spin in staking and DeFi simultaneously.

[Justin Bons @Justin_Bons]

A list of the top 10 L2s by market cap; a dystopian nightmare of centralization:🧵

Arbitrum - Can steal all user funds instantly with a multi-sig, has permissioned proposers, centralized operator can exploit MEV & centralized sequencer can censor

Base - Can steal all user funds instantly with a multi-sig, permissioned proposer can also steal all user funds, the centralized validator can freeze all funds, a centralized operator can exploit MEV & the centralized sequencer can censor

Optimism - Can steal all user funds instantly with a multi-sig, the centralized operator can exploit MEV & centralized sequencer can censor

Blast - Can steal all user funds instantly with a multi-sig, permissioned proposer can also steal all user funds, a centralized operator can exploit MEV, user funds can be frozen if insufficient liquidity on the bridge & the centralized sequencer can censor

ZKsync Era - Can steal all user funds instantly with a multi-sig, permissioned proposer can also steal all user funds, a centralized operator can exploit MEV & centralized sequencer can censor

Linea - Can steal all user funds instantly with a multi-sig, permissioned proposer can also steal all user funds, a centralized operator can exploit MEV, centralized sequencer can also censor & freeze user funds

Mantle - Can steal all user funds instantly with a multi-sig, permissioned proposer can also steal all user funds, funds can be lost if external data becomes unavailable, the centralized validator can also freeze all funds, a centralized operator can exploit MEV, the centralized sequencer can also censor & freeze all user funds

Scroll - Can steal all user funds instantly with a multi-sig, permissioned proposer can freeze all user funds, the centralized validator can also freeze all funds, a centralized operator can exploit MEV & the centralized sequencer can censor

Starknet - Can steal all user funds instantly with a multi-sig, a centralized operator can exploit MEV, the centralized sequencer can censor & freeze user funds

Manta Pacific - Can steal all user funds instantly with a multi-sig, permissioned proposer can also steal all user funds, the centralized validator can also freeze all user funds, user funds can also be lost if external data becomes unavailable, a centralized operator can exploit MEV, the centralized sequencer can censor & also freeze user funds

The facts speak for themselves; this is disgusting!

[Richi @ManaStaking]

1/3 $rsBTC is now tradable on @splashprotocol High-frequency cross-chain trading is coming to #Cardano and #ERGO, enabled by @RosenBridge_erg and Splash. What’s next? Our vision is to build a revenue-driven cross-chain business model that is resilient to number of participants

[zygomeb @zygomeb]

With the OADA Launch this upcoming week a PSA for traders:

- There is no aggregator that supports OADA routing
- Using Splash interface directly is the best bet for any OPTIM or OADA trades as it'll best source the liquidity
- I would advise not taking lever on open market