The importance of AMMs
https://twitter.com/ashwathbk/status/1701685235807908236?s=21&t=tGE2BsIYkgjOJwd1kelPSg
https://twitter.com/ashwathbk/status/1701685235807908236?s=21&t=tGE2BsIYkgjOJwd1kelPSg
X (formerly Twitter)
Ashwath on X
1/ AMMs are incredibly important for DeFi.
In the past, I believed AMMs would be engulfed by more efficient and functional designs -- like orderbooks.
But more recently, I think I was looking at it all wrong.
In the past, I believed AMMs would be engulfed by more efficient and functional designs -- like orderbooks.
But more recently, I think I was looking at it all wrong.
Forwarded from unfolded.
The value of real-world assets (RWAs) on-chain reached a new all-time high of $3.1 billion as of September 1.
The value is comprised of 37.3% gold and precious metals; 1.63% equities; 0.41% carbon offsets; 22.98% money markets; 20.04% treasuries; 4.38% real estate; and 13.27% private credit. As it currently stands, inherently yield-bearing RWAs capture 61% of the cumulative RWA market cap — link
The value is comprised of 37.3% gold and precious metals; 1.63% equities; 0.41% carbon offsets; 22.98% money markets; 20.04% treasuries; 4.38% real estate; and 13.27% private credit. As it currently stands, inherently yield-bearing RWAs capture 61% of the cumulative RWA market cap — link
ivangbi
Photo
something about valuing influencer mcaps with supply * key price feels weird to me
can't put a finger on it, but i don't think that's the best way to value it
although, by mcap definitions it makes sense
can't put a finger on it, but i don't think that's the best way to value it
although, by mcap definitions it makes sense
The Inversion of the Web2 Business Model
Blockchain enforcement of scarcity is credible because violating protocol rules in a blockchain environment is incredibly costly. It is a massive coordination problem, essentially the same massive coordination problem that Web2 uses against us. But here it is used to create and sustain “the safety and liveness of complex systems of coordination and collaboration”, as Vitalik Buterin describes the goal of cryptoeconomics.
That is, whereas Web2 business models use network entrenchment to trap users, crypto uses it to entrench desirable rules. Web2 users who’d like to exit a Web2 social media platform face a massive coordination problem in that they must get all of their friends to switch too, and preferably at the same time. Web3 users can simply fork away the protocol, because that fork-ability is something we’ve enabled.
The utopians of the early internet believed that by ignoring scarcity you could create abundance. In the vacuum they left, there emerged extractive Web2 business models that sought to trap users, herding them into a pen and making them watch ads. But it has always been harnessing scarcity that creates abundance. And for the first time in the digital realm, we have it.
- source
Blockchain enforcement of scarcity is credible because violating protocol rules in a blockchain environment is incredibly costly. It is a massive coordination problem, essentially the same massive coordination problem that Web2 uses against us. But here it is used to create and sustain “the safety and liveness of complex systems of coordination and collaboration”, as Vitalik Buterin describes the goal of cryptoeconomics.
That is, whereas Web2 business models use network entrenchment to trap users, crypto uses it to entrench desirable rules. Web2 users who’d like to exit a Web2 social media platform face a massive coordination problem in that they must get all of their friends to switch too, and preferably at the same time. Web3 users can simply fork away the protocol, because that fork-ability is something we’ve enabled.
The utopians of the early internet believed that by ignoring scarcity you could create abundance. In the vacuum they left, there emerged extractive Web2 business models that sought to trap users, herding them into a pen and making them watch ads. But it has always been harnessing scarcity that creates abundance. And for the first time in the digital realm, we have it.
- source
Pantera
Emerging Catalysts in Crypto | Pantera
Telegram Messenger integrates TON-based crypto wallet for its 800 million users
https://www.theblock.co/post/250634/telegram-crypto-wallet
https://www.theblock.co/post/250634/telegram-crypto-wallet
The Block
Telegram integrates TON-based crypto wallet for its 800 million users
Telegram Messenger has integrated the crypto wallet TON Space for its over 800 million monthly active users.
👍1
will start to slowly increase my exposure to friendtech by trying it out properly
you can find me @dpycm on ft
happy to chat w y’all there as well
let’s see how this goes
you can find me @dpycm on ft
happy to chat w y’all there as well
let’s see how this goes
🤝2