What's Up With DeFi Derivatives DEXs
kidponga.eth
Sep 17
Leverage in financial markets will always have demand, whether equity based assets, commodities, or token based assets. This is a historical trend that has not buckled. Providers of leverage (i.e. exchanges) benefit from this constant stream of demand. While centralized exchanges are the main providers of leverage within crypto markets, over the last couple of years, onchain alternatives like dYdX, GMX, Synthetix, Perpetual Protocol have set out to compete with centralized exchanges, and have...

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How To Be Your Own Banker

How To Be Your Own Banker

AAVE — Better Than Your Local Bank

AAVE — Better Than Your Local Bank

What's Up With DeFi Derivatives DEXs

What's Up With DeFi Derivatives DEXs

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The Ethereum Merge: You Decide If The Economics Matter

A High Level Overview on L2's

A High Level Overview on L2's

Into the Crypto-verse: Stablecoins

Into the Crypto-verse: Stablecoins

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A High Level Overview on L2's
kidponga.eth
Feb 12
The Layer-2 Investment Thesis: Optimistic Rollups Rule the Medium TermSetting the Stage: 2021 and 2022In 2021, the development of a robust application layer on top of Ethereum was well underway, with DeFi at its centre. NFTs sparked mainstream attention and adoption of Ethereum soared. Infrastructure projects that were designed to serve as foundational pillars for future applications also began to take shape. Projects including Covalent, Akash, IPFS, Livepeer, The Graph, Arweave, have made it...
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kidponga.eth
Sep 7
The Ethereum Merge: You Decide If The Economics Matter
The Ethereum merge is the transition of the Ethereum blockchain from a PoW based network, to a PoS based network. This is a major, one-time event for Ethereum as a protocol often likened to a triple halving event. In this report, we will explore what these effects look like, and how we should look to position ourselves for The Ethereum Merge.Major Changes Post Merge 1. No more Miners: Block producers in a PoS model are validators that stake at least 32 ETH. They are rewarded with staking yiel...
Valuing AAVE
kidponga.eth
Feb 2
AAVE — Valuation (Based on AAVE V2 Data operating on EthL1) Since it is actually possible to carry out some sort of fundamental analysis for tokens, considering these protocols are actually generating revenues that can be tracked on chain, I thought I’d try valuing AAVE using a Discounted Cash Flow valuation methodology, using projected cashflows from all of AAVE’s revenue streams for the next 5 years (spread, flash loans, loan origin fee) to calculate NPV using total supply. Assumptions: · T...
AAVE — Better Than Your Local Bank
kidponga.eth
Feb 2
IntroductionWhile learning about how blockchain ecosystems can be the building blocks of transparent, easy to use, permissionless, efficient businesses — one of the platforms that had an instant impact on me, and one that I would encourage anyone to explore in order to get a feeler of what blockchain technology can really do, is AAVE. Before we dive in to what AAVE exactly is and how it functions– there are a few core concepts that we should get out of the way. Ethereum While many of us may h...
Into the Crypto-verse: Stablecoins
kidponga.eth
Feb 2
When it comes to crypto-assets, the headlines are usually bagged (pun intended) by the big two, Bitcoin and Ethereum, or the really small hundreds — more popularly known as shitcoins (usually coins with no max. supply cap, worth almost nothing, and that have no use cases). And Doge. Crypto enthusiasts looking for value usually dive into the middle of this spectrum. You hear stories about how a $1000 investment into Bitcoin in 2009, would’ve made you a crypto billionaire in 2021, or about how ...
How To Be Your Own Banker
kidponga.eth
Feb 2
Be your own Banker“When the going gets tough, only the financially literate survive”. I don’t really remember who said this, but to start this off, I feel it is as good a quote as any..Let me ask you this–when was the last time you thought about handling your own money? Most of us just let bankers deal with it for what we might think is an insignificant fee. Investing — we leave that to other people too, customarily because they’re better at growing wealth than us, but also because we’re not ...