Write-up on Convex
Thesis (June 2022) To better understand Convex and its valuation, a brief knowledge of Curve is required. Curve is an Automated Market Maker (AMM) that focuses on pools with similar asset types such as synthetic versions of BTC, ETH and stablecoins. Liquidity providers are incentivized as they are able to earn yield in the form of trading fees and CRV tokens without a huge risk of impermanent loss. To prevent huge selling pressure on CRV, Curve invented the ve-model, allowing holders to lock ...
Write-up on Convex
Thesis (June 2022) To better understand Convex and its valuation, a brief knowledge of Curve is required. Curve is an Automated Market Maker (AMM) that focuses on pools with similar asset types such as synthetic versions of BTC, ETH and stablecoins. Liquidity providers are incentivized as they are able to earn yield in the form of trading fees and CRV tokens without a huge risk of impermanent loss. To prevent huge selling pressure on CRV, Curve invented the ve-model, allowing holders to lock ...
Web3's current state and improvements
As Web3 garners more attention, pioneering developers have developed innovative protocols to meet the needs of Web3 enthusiasts. With the explosion of protocols over the recent years, many have tackled the pain points that Web2 protocols are not able to.Addressing legitimate structural needsThe structural needs for Web3 are legitimate and successful protocols are cognizant of that. For example, Mirror Protocol is a decentralized alternative to publishing apps like Substack and Medium.Mirror a...
Web3's current state and improvements
As Web3 garners more attention, pioneering developers have developed innovative protocols to meet the needs of Web3 enthusiasts. With the explosion of protocols over the recent years, many have tackled the pain points that Web2 protocols are not able to.Addressing legitimate structural needsThe structural needs for Web3 are legitimate and successful protocols are cognizant of that. For example, Mirror Protocol is a decentralized alternative to publishing apps like Substack and Medium.Mirror a...
DeFi 1.0: The Problems and the Road Back Up
Lately, DeFi 1.0 tokens have been jeered and scoffed at by the community. With most assets having a lower beta compared to other categories, and a never ending bleed against ETH, the complaints are understandable.DeFi Pulse Index (DPI) charted against BTC and ETH. DPI is an index that tracks the price movement of a basket of DeFi 1.0 tokens. Source: TradingViewWhile this could be attributed to the overall macro weakness in the market, there may be other factors that play a part into this.Reas...
DeFi 1.0: The Problems and the Road Back Up
Lately, DeFi 1.0 tokens have been jeered and scoffed at by the community. With most assets having a lower beta compared to other categories, and a never ending bleed against ETH, the complaints are understandable.DeFi Pulse Index (DPI) charted against BTC and ETH. DPI is an index that tracks the price movement of a basket of DeFi 1.0 tokens. Source: TradingViewWhile this could be attributed to the overall macro weakness in the market, there may be other factors that play a part into this.Reas...
New protocols to look out for: Q2 2022
These protocols may not launch in Q2, it is more about the timeline in which they were announced. Most of them do not have a token/dapp yet, so I just turn on notifications and wait to try them out for possible retroactive rewards/a chance to invest in their presales. If you are deep into the space you might have heard of most of them before already. I highlight these below, with a brief summary and relevant links. Enjoy!1) RetrogradeRetrograde aims to be the Convex model in the Terra ecosyst...
New protocols to look out for: Q2 2022
These protocols may not launch in Q2, it is more about the timeline in which they were announced. Most of them do not have a token/dapp yet, so I just turn on notifications and wait to try them out for possible retroactive rewards/a chance to invest in their presales. If you are deep into the space you might have heard of most of them before already. I highlight these below, with a brief summary and relevant links. Enjoy!1) RetrogradeRetrograde aims to be the Convex model in the Terra ecosyst...
