dangly.eth

full stack defi degen. web3 advocate working to build a more accessible future. (🔗, 🤠)

[dangly.eth @xchaincowboy]

I agree. I feel like defi needs to build based on it’s core ethos again.

Create things that are needed for a decentralized financial system to prosper.

I’m not interested in all the projects that act as a “solution looking for a problem to solve”

[Algod @AlgodTrading]

The longer i’m in crypto the more i’m disliking it, besides a potential hedge it barely solves anything

99.99% are useless and just exit scams for VC’s, in the past 5 years we still haven’t figured out how projects can have a sustainable business model

[Rekt News @RektHQ]

It’s all come crashing down for @sbf_FTX and @ftx_Official.

Whether for greed or for altruism, the result is the same.

The ends don’t justify the means - not when it ends like this.

DeFi is the answer.

Or is that another “dumb fucking take”?

Yikes.
https://t.co/XGAPnLbXlM

[Rekt News @RektHQ]

Wake up anon, it's over.

You didn’t think it would always be that easy did you?

The new normal is Ultravolatile.

Look around and get used to it.

If the merge and the macro didn’t prepare you for this, then what did you think was going to happen?

https://t.co/v7808sDNID

[dangly.eth @xchaincowboy]

The current Slope / Solana wallet debacle emphasizes the importance of open source software in this space

[dangly.eth @xchaincowboy]

Agree, @OlympusDAO had a great idea with protocol owned liquidity

[Algod @AlgodTrading]

Protocols should have their own liquidity, borrowing liquidity is way too expensive and unsustainable

If we want longevity in DeFi we need to make some changes

[vitalik.eth @VitalikButerin]

My 40-liter backpack travel guide:

https://t.co/Sp72toSksl

[dangly.eth @xchaincowboy]

@bneiluj I can sleep happily at night, down 90% on my defi alts, knowing I’d never consciously support a project that would stoop so low 😅

[dangly.eth @xchaincowboy]

Interesting 🧵 for those interested in design … while I’m often a fan of minimalist design in graphics and UI work, it’s sad to see the simplification of architecture of our everyday surroundings.

Beauty is in the details.

[The Cultural Tutor @culturaltutor]

The Danger of Minimalist Design

(& the death of detail)

A short thread...

[dangly.eth @xchaincowboy]

The ethos that built defi have been forgotten in some projects …

[Cobie @cobie]

Comedy

[dangly.eth @xchaincowboy]

Yea they’re talking about the Terraform Labs developer job postings ☠️
@terra_money

[Watcher.Guru @WatcherGuru]

JUST IN: FBI has warned #crypto users for cryptocurrency scams on LinkedIn.

[dangly.eth @xchaincowboy]

Would be phenomenal if Abracadabra team could initiate partnerships so that the MIG could also be redeemed for real gold, but that’s a big if.

I imagine with the right gold seller, a script going from MIG->MIM->USDC->Fiat Ramp via @paraswap and @CommerceCB would be sufficient

[dangly.eth @xchaincowboy]

$MIG from @MIM_Spell seems to be an interesting option emerging for the recession, inflation, and crypto winter.

A decentralized asset, backed by interest bearing tokens, pegged to gold on the blockchain poses a lot of great use cases.

[dangly.eth @xchaincowboy]

I’ve always liked PAXG conceptually but found the centralized + lack of true redeem-ability to be frustrating.

MIM style backing has proven fairly resilient thus far.

[dangly.eth @xchaincowboy]

This kid is ruthless, but has an interesting case. Curious how it’ll play out.

[Bloomberg @business]

An 18-year-old exploited a weakness in Indexed Finance’s code and opened a legal conundrum that’s still rocking the blockchain community https://t.co/tDD7i6Noij via @BW

[dangly.eth @xchaincowboy]

imitation is the sincerest form of flattery, @BlackpoolHQ

[Julien B. @bneiluj]

eBay Vault 👀 non fungible physical and digital assets…Probably very similar to @BlackpoolHQ Vault 🏦

[dangly.eth @xchaincowboy]

Powerful user experience combining @AlchemixFi and @iearnfinance for self-repaying loans and automated yield farming.

Then throw @SpookySwap in the mix and I start feeling like a true defi wizard.

Banks should be worried.

[Julien B. @bneiluj]

If DeFi had a Constitution the

First Amendment would be: "Don't Trust, Verify"

and The Second Amendment: "Never work with or invest into untrustworthy people."

It's a guarantee of success.

[dangly.eth @xchaincowboy]

The chamber of reflection in defi.

Mirror served a critical purpose in the space, but this exploit proves the decentralized system was flawed deep beyond what appeared on the surface. $MIR

[Rekt News @RektHQ]

Mirror mirror on the wall… $90 million stolen, but that’s not all.

Two exploits hit @mirror_protocol, and the larger of the two wasn’t even noticed until ~7 months later.

$92M gone. How embarrassing.

Mirror devs need to take a long hard look in the…
https://t.co/PJYZMxmjOM

[dangly.eth @xchaincowboy]

About to call the function swapExactTokensForCheeseParatha()

[dangly.eth @xchaincowboy]

backpacking and cycling keep me occupied

[jaiya @jaiyagill]

if you ski, what’s an equivalent activity you do in off season??