Bright Afam

B2B-B2C SaaS & Web3 content marketer and writer

[Bright Afam @writewithbright]

@AndrewBolis YT

[Bright Afam @writewithbright]

They’re being transparent about the tradeoffs.

Yes, there’s KYC through their partner Cypher. Yes, there’s a 1.5% FX fee on non-USD transactions.

No, funds can’t be transferred back to your wallet as crypto once loaded.

They’re building infrastructure that solve real problems.

[Bright Afam @writewithbright]

@MoonwellDeFi launched their card in December 2024, and the numbers are pretty remarkable 🤯

Over 44 million merchants worldwide now accept it: local coffee shops, international retailers, etc.

The idea was simple: make crypto spending feel as normal as using any debit card.

[Bright Afam @writewithbright]

Users are borrowing USDC against their cbBTC or AERO on Moonwell, loading it to the card, and spending while their collateral continues earning yield onchain.

November and December were record months for both deposits and active loans.

The card is really driving activity.

[Bright Afam @writewithbright]

This is why DEXs can exist without middlemen.

No KYC—or company—controlling access, just code and incentives.

The catch?

If prices move a lot while your money is in the pool, you can lose 💰 vs just holding. Called impermanent loss.

But that’s how the whole thing works.

[Bright Afam @writewithbright]

Decentralized exchanges don’t match buyers with sellers. They do something way smarter.

On Coinbase, there’s a company matching your trades. Someone sells ETH, you buy it, they connect you.

But DEXs like Uniswap have no company. Or matchmaker. So how do trades happen?

🧵

[Bright Afam @writewithbright]

You send USDC to the pool, it sends you ETH back.

The math (smart contract) keeps everything balanced.

But…

Why would anyone fund these pools?

They earn fees.🤑

If a pool does $1M in daily volume at 0.3% fees, that’s $3k/day split among liquidity providers.

Passive income.

[Bright Afam @writewithbright]

Also learned the LDO token is basically just for governance.

No direct revenue share or anything.

People buy it hoping the protocol grows and the token goes up. That’s speculation, not really utility.

The staking product is solid. The tokenomics? Eh.

And that’s a wrap!

[Bright Afam @writewithbright]

Spent last week researching @LidoFinance for an @MGS_Web3 assignment.

Finally understand why it’s among the biggest liquid staking protocol.

You stake ETH, get stETH back, earn ~3.5% rewards.

And you can still use your stETH everywhere.

Trade it, borrow against it, whatever🧵

[Bright Afam @writewithbright]

Now the kinda uncomfortable part:

Lido controls about 25% of all staked ETH on Ethereum.

Down from over 30% in 2023, but still massive.

That’s… a lot. Too much, honestly (IMO).

If something goes wrong with Lido, it’s not just a Lido problem. It’s an Ethereum problem. 👇

[Bright Afam @writewithbright]

@Kh5065 Hi

[Bright Afam @writewithbright]

The real innovation isn't technical specs

It's removing intermediaries while maintaining trust

It's global access without permission

It's ownership that doesn't require trusting institutions

Blockchains, DAGs, whatever — the architecture matters less than the paradigm shift

[Bright Afam @writewithbright]

I spent the last 7 days researching blockchain infrastructure. The architecture differences are more extreme than expected 🧵

Ethereum: 15 validators per block
Solana: Rotating leaders every 1.6 seconds
Polkadot: 300 validators securing 100+ parachains
Same goal, different paths

[Bright Afam @writewithbright]

Tokens blur the line between money and software

- Salaries can stream per second instead of monthly.

- Loans liquidate automatically when collateral drops.

- Royalties pay out proportionally to ownership.

Money became programmable, and we're still figuring out what that means