In case you are wondering what this is.
1/ If you lock CRV tokens in the Curve DAO, you get back veCRV tokens. The longer you lock, the more veCRV tokens you get. Those veCRV tokens let you claim a portion of the admin fees generated by *all* Curve pools
I see different forms of the question "how often should I claim and re-stake" every day, across lots of different protocols.
I made a calculator to help that factors in your capital, gas costs, and APY:
Cardano pumped 15% on the news that there was an announcement...of a future announcement...of a future date...at which smart contracts will be available
You can't make this stuff up
It doesn't matter if Jane St or SBF or satoshi "engineered" UST's downfall
if it was this vulnerable to any single entity it wasn't good decentralized money
OK
@AlchemixFi
is pretty neat. It's like keeping your cash in a bank account, and buying things *now* with interest that will accrue *in the future*🤯
Getting closer and closer to what real credit feels like.
@scupytrooples
👏
If you haven't taken a peek behind the curtain at Terra or projects like
@anchor_protocol
and
@mirror_protocol
, now's the time.
This update will usher in a flood of new projects (*ahem*
@astroport_fi
) that have been waiting for col-5
1/ The long awaited governance proposal to upgrade the
@terra_money
mainnet to Columbus-5 is now out:
Agora post:
Proposal link:
Go vote on Terra Station now:
@Tetranode
@CurveFinance
Late to the party but made this a while ago, you can input A as well as the balances of the two pools, and also compute input/output amounts:
Impermanent loss rules of thumb to help build intuition:
One asset doubles: ~5% IL
One asset does a 5x: ~25% IL
You should consider the chances of those things happening, and how quickly they could happen compared to offsetting forces (LP fees, farm APY)
1/7
A quick thread on
@anchor_protocol
, which launched 2 days ago
Anchor is a borrowing/lendering protocol, similar in many ways to Compound and Aave. It lives on the Terra blockchain (Cosmos SDK / PoS)
@terra_money
are the same people that brought us
@mirror_protocol
/ $ust
Imagine a bank, you deposit cash. The bank pays you 15% interest. You have a credit card attached - the credit limit is 50% of your deposits. No monthly payment. Instead your interest pays the bill (or you can pay it off directly any time)
OK
@AlchemixFi
is pretty neat. It's like keeping your cash in a bank account, and buying things *now* with interest that will accrue *in the future*🤯
Getting closer and closer to what real credit feels like.
@scupytrooples
👏
Banks gonna bank.
In the past, if you didn’t trust banks, your best option was to keep cash under the mattress.
With defi, the “mattress” pays better interest than the banks.
@AzrinMi
Hi there. It’s our responsibility to help protect your money. With this in mind we’ve taken the decision to stop payments made by credit/debit card to Binance until further notice, to help keep your money safe. 1/3
Due to such a high demand for $ust , the curve pool is unbalanced again…
LFG council members just voted on burning the 4.2m $luna left in LFG treasury.
#LUNAtics
If you follow me, you know I'm a datahead and like to make complicated stuff easier to understand
These are the tools I wish I had when I was learning the nuances of AMMs and how to LP
Today, the best LPs are programmers.
They write custom code to route & monitor their positions to make the best decisions.
The rest?
They use “hopium” or a mish-mash of tools, spreadsheets, plugins & finicky desktop apps.
With Astroport, the game will change completely.
🧵👇
Who wants to help me conquer the world
Working on a
@worldpvpco
pooling contract. Pool your country tokens to win the presidency and turn it into a democracy. Vote with your share to nuke other countries
We're now also producing full unfiltered blocks for
Fully open-sourced, completely permission-less, validates only block payment but not block content.
If you're small-scale validator interested in protecting ETH neutrality you're welcome to connect.
Proof-of-concept: 100% client-side order splitter for
@base
- Never sends trade params to an intermediate server, json rpc only
-
@CoinbaseDev
smartwallet improves UX significantly; atomically batch-executes all legs with no extra approve step and no custom router contract
4/
Astroport will also ship with:
✦ Support for new curves which will improve capital efficiency for LPs and reduce trading slippage (e.g. a Curve-inspired stableswap invariant)
✦ A cutting edge user interface designed by IDEO (the company that designed Apple’s first mouse)
This block has 1341 txs, mostly to or from huobi:
The builder made ~0.6 in fees, and paid the proposer ~0.2 for ~0.4eth profit
Did huobi start building blocks to recoup some of their gas costs? Or cut a deal with a builder? Would be neat either way
6/ Why should you never, ever use this?
1) It's trivial for FT to brick it (deploy new router that blocks the wrapper contract)
2) The UX sucks; deposits are non-atomic (1st tx to create LP, 2nd tx to wrap) and withdraws require ETH in your wallet
3) It's not audited
2/
Imagine a network of space stations and cities among the stars serving as a port for the future of finance
That’s what Astroport is – a community-governed, next-generation decentralized exchange, and the natural successor to Terraswap
3/
$ASTRO is at the very heart of this new exchange. It will help incentivize and coordinate the activities of all those who visit this vibrant, open marketplace
@joshqharris
This is what happens when people stop making things and instead hope to strike it rich by investing in other people making things
Productivity down bad
One year ago today I bought a boat with an
@AlchemixFi
loan
5k of 25k was paid off in year one
No interest
No credit checks
No monthly payments
Just my deposit quietly working for me
Sooo
@0xdef1
bought a $25,000 BOAT with a DeFi loan that will pay itself off by late next year. 🤯🤯🤯
@AlchemixFi
's self-paying loans = game changer.
h/t
@scupytrooples
Check out how he did it! (video below)
👉
5/
✦ Terra’s first liquidity bootstrapping pool (LBP), which will allow projects to create liquidity for their tokens with very little seed capital
✦ Backward compatibility with Terraswap message formats to enable simple integration with existing projects
Now looking at only slots where both flashbots and bloxroute built blocks
Above diagonal = flashbots block more valuable
Below diagonal = bloxroute block more valuable
Watching
@feiprotocol
direct incentives has been fascinating. A reweight can be called when the sell penalty and buy incentive are equal
The sell penalty goes up the further FEI is from the peg, and the buy incentive involves a time component
@joey__santoro
@ricburton
@sassal0x
@AaveAave
They're still sending the address check, but their API switched (at least for your address) from "allowed: false" to "allowed: true" sometime in the last 5 mins
The curious case of
@builder0x69
Winning ~20% of mevboost auctions since yesterday
Submits blocks to the flashbots relay but are not the official flashbots builders
Mystery chads
@RyanSAdams
@TrustlessState
Or just wait another week for alETH, skip most of those steps, and remove any Maker cdp liquidation risk.
Deposit eth, mint aleth, swap aleth for usdc, spend money & wait
@wireless_anon
Because crypto is more ‘fin’ than ‘tech’
I’m a tech guy and a defi builder. The capital-H Hard problems in crypto are economics, not computer science.
Learning about
@NFTX_
today and exploring $mask, a token that's backed by
#hashmask
NFTs
I took data from
@opensea
to find out where MASK price is relative to open auctions
The price stays close to the cheapest auction, which means the MASK token is working as intended👍
3/ To deposit FRIEND and get wFRIEND:
- Create LP token from ETH + FRIEND
- Deposit LP token into wrapper contract
- Wrapper contract burns LP to itself
- Receive back ETH + wFRIEND from the wrapper
- The wrapper contract now holds FRIEND tokens
Best practices for snapshot-based airdrops:
- clearly explain rationale ahead of time
- open source the code
- publish the allocation before claims are live (to crowd-source edge-case troubleshooting)
what else did I miss?
5/ And at the moment, the Sushi team has added some ridiculously high incentives in the form of SUSHI token rewards for providing initial liquidity in that pool