Ronin

Navigating Web3 one block at a time | Learning. Building. Earning.

[Ronin @Web3Roninn]

@Code_devie Happy it was easy to understand

[Ronin @Web3Roninn]

I thought smart contracts were some complicated Web3 stuff.

Turns out, the basic idea is much simpler than I expected.

Thread 🧵

[Ronin @Web3Roninn]

@stunerswago The struggle 😂

[Ronin @Web3Roninn]

@web3flincher Facts, Smart contracts are basically one of the building blocks of Web3.

[Ronin @Web3Roninn]

@Velrixsol Glad you found it useful

[Ronin @Web3Roninn]

The more I learn, the more Web3 starts feeling less complicated.

You don't need to understand everything at once.

Just understand one piece at a time.

[Ronin @Web3Roninn]

That’s the basic idea behind many things in Web3.

Token swaps, NFTs, DeFi, DAOs and blockchain games can all use smart contracts to make things happen according to predefined rules.

[Ronin @Web3Roninn]

@web3flincher Gm flinch

[Ronin @Web3Roninn]

@web3flincher Morning
hope today treats you well.

[Ronin @Web3Roninn]

Good morning CT

Back at it.

Learn something.

Build something.

Talk to someone new.

Small steps still count.

What are you working on today?

[Ronin @Web3Roninn]

@flincher_alt Gm flinch

[Ronin @Web3Roninn]

Quiet morning.

New things to learn.

More work to do.

Let’s see what today brings.

GM CT ☀️

[Ronin @Web3Roninn]

@humblelee71 GM Lee

[Ronin @Web3Roninn]

@AlphanumeriaSol Clean evolution. Excited to see where Numia goes from here.

[Ronin @Web3Roninn]

@web3flincher GM flinch

[Ronin @Web3Roninn]

@web3flincher Glad it made sense 😁

[Ronin @Web3Roninn]

I understood liquidity pools.

Then I came across AMMs and had one question:

Who actually decides the price?

That led me down another Web3 rabbit hole.

🧵

[Ronin @Web3Roninn]

@Code_devie Glad you found it useful ☺️

[Ronin @Web3Roninn]

So the way I understand it now:

Liquidity pool = where the assets are.

AMM = the system that helps use those assets to make trades happen.

[Ronin @Web3Roninn]

This is why liquidity matters.

If a pool is small and someone makes a very large trade, that trade can move the price more significantly.

A deeper pool can generally handle larger trades with less price impact.