SmolQuants

Economic Risk Reviews for DeFi Protocols

[SmolQuants @SmolQuants]

@backed_xyz has released a new NFT primitive called Papr that's been highly overlooked by the market. There's only $33.5k worth of $paprMEME of liquidity on Uniswap V3 atm 🤫

Read below to learn more about Papr and its potential implications should it succeed and scale!

[SmolQuants @SmolQuants]

@annakaz Hi there @annakaz

Maybe we can help

https://t.co/qiZgKAZHO3

[SmolQuants @SmolQuants]

We quanting :)

[Ape Framework @ApeFramework]

A special thank you to:

@banteg

@0xkofi

@adietrichs

@BowTiedDevil

@ercwl

@lex_node

@Bob_The_Buidler

@Ceazor7

@larryflorio

@SmolQuants

@randomishwalk

@redphone

@river0x_

@mylife4thehorde

@mihai673

@wavey0x

[SmolQuants @SmolQuants]

@protocol_fx us too pls

[SmolQuants @SmolQuants]

@TokenBrice would love to take a look too 👀

[Backed 🖼🐇 @backed_xyz]

Checkout this great papr analysis from @SmolQuants!

[SmolQuants @SmolQuants]

@Autoparallel @0xjepsen @PrimitiveFi @0xEstelle will do sir 🫡

[SmolQuants @SmolQuants]

@Autoparallel @0xjepsen @PrimitiveFi @0xEstelle great! Will look to make a PR with written thoughts soon, might also dm ya @0xEstelle 🙏

[SmolQuants @SmolQuants]

@PrimitiveFi Thinking of how we could potentially contribute to Arbiter….

Any interest in extending your current price sims for multivariate geometric Brownian motion?

[SmolQuants @SmolQuants]

@PrimitiveFi great work sirs 🫡

[SmolQuants @SmolQuants]

@14si20 dms open if you ever want to discuss economic exploits!

[SmolQuants @SmolQuants]

🫡 @_fmrmf_

[Flint @0xFlint_]

Just watched "Economic Security with fmrmf" from @SmolQuants

Very interesting! Economic exploits with no bugs in the code.

I'm definitely going to have to spend 100+ hours upgrading my math skills to begin modeling such vulnerabilities. 😆

https://t.co/11lLkbzTUd

[SmolQuants @SmolQuants]

@NFTmatrix @backed_xyz @WilsonCusack @NFTmatrix so papr holders are speculating to some degree in our opinion, but it's not a blind bet on price go up and rather on the “basis trade” yield they anticipate earning from effectively enabling leverage for the protocol

[SmolQuants @SmolQuants]

@backed_xyz has released a new NFT primitive called Papr that's been highly overlooked by the market. There's only $33.5k worth of $paprMEME of liquidity on Uniswap V3 atm 🤫

Read below to learn more about Papr and its potential implications should it succeed and scale!

[SmolQuants @SmolQuants]

@NFTmatrix @backed_xyz @WilsonCusack papr price should be initially be on par with the quote (ie ETH) value of the vault collateral to begin with (adjusted for LTV overcollateralization factor of all vaults approx)

[wilson.base.eth @WilsonCusack]

Still puzzling over the fact that there's seemingly no mainnet NFT perp protocol.

Could basically be done with papr codebase as is, just swap the quote token to being the NFT itself. (Would be a top-collection-bid perp.)

[SmolQuants @SmolQuants]

🫡

[mikedemarais.eth @mikedemarais]

good thread explaining paprMEME

[SmolQuants @SmolQuants]

@WilsonCusack All abt Damus now 😅

[SmolQuants @SmolQuants]

@nonfungie @backed_xyz No you

[SmolQuants @SmolQuants]

🫡 NFA

[wilson.base.eth @WilsonCusack]

Been really impressed with the SmolQuants team. Had fun engaging with them on this. Some interesting findings. Check it out!

[SmolQuants @SmolQuants]

@backed_xyz @WilsonCusack If you found this informative please RT and share! https://t.co/O7MfATfF9m

[SmolQuants @SmolQuants]

@backed_xyz has released a new NFT primitive called Papr that's been highly overlooked by the market. There's only $33.5k worth of $paprMEME of liquidity on Uniswap V3 atm 🤫

Read below to learn more about Papr and its potential implications should it succeed and scale!

[SmolQuants @SmolQuants]

@backed_xyz @WilsonCusack Special thanks to @WilsonCusack for taking the time to share feedback on our findings 🙏