Tinyman & Pera Wallet are super tools of Algorand blockchain
IntroductionTinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers. Pera Wallet is the easiest and safest way to store, buy and swap on the Algorand blockchain. Discover & connect decentralized applications (dApps) on any device. In this article, we teach how to use Pera Wallet in Tinyman, so stay with us.Enter the world of TinymanBy entering the...
Introducing Sturdy's mechanics and use cases
What is Sturdy?Sturdy is the best DeFi product with 10x leverage for lenders and borrowers. There are two ways to use the product:Lending to the Sturdy protocolReceive a loan from Sturdy ProtocolFor example, Maggie lends $250 to the protocol and Jack borrows $50 from the FRAXBP token using the tokens in the protocol. At the end of the period, both parties can receive interest according to the amount they have invested. In fact, Jack provides the interest of Maggie, and Jack returns the loan a...
How to snipe blue-chip NFTs with NFT tools
Blue Chip NFTWhat Is a Non-Fungible Token (NFT)?Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.What are blue chip NFTs?Blue chip NFTs come from the most well-known and successful collections. They're considered industry leaders and are more likely to grow than other NFT projects. A blue chip NFT collection will have some or all of the following characteristics: It's regularly see...
I like crypto
Tinyman & Pera Wallet are super tools of Algorand blockchain
IntroductionTinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers. Pera Wallet is the easiest and safest way to store, buy and swap on the Algorand blockchain. Discover & connect decentralized applications (dApps) on any device. In this article, we teach how to use Pera Wallet in Tinyman, so stay with us.Enter the world of TinymanBy entering the...
Introducing Sturdy's mechanics and use cases
What is Sturdy?Sturdy is the best DeFi product with 10x leverage for lenders and borrowers. There are two ways to use the product:Lending to the Sturdy protocolReceive a loan from Sturdy ProtocolFor example, Maggie lends $250 to the protocol and Jack borrows $50 from the FRAXBP token using the tokens in the protocol. At the end of the period, both parties can receive interest according to the amount they have invested. In fact, Jack provides the interest of Maggie, and Jack returns the loan a...
How to snipe blue-chip NFTs with NFT tools
Blue Chip NFTWhat Is a Non-Fungible Token (NFT)?Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.What are blue chip NFTs?Blue chip NFTs come from the most well-known and successful collections. They're considered industry leaders and are more likely to grow than other NFT projects. A blue chip NFT collection will have some or all of the following characteristics: It's regularly see...
I like crypto
Subscribe to amir007
Subscribe to amir007
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
The Nouns DAO initially implemented a proposal veto right to prevent '51% attacks' on its treasury, but now believes a more robust solution is needed before removing the right. The Nouns Foundation will continue to exercise the veto power until an alternative is implemented and will only veto proposals that introduce significant risks to the DAO or Foundation. There are no algorithmic solutions for determining these risks, so proposals will be considered on a case-by-case basis.
Nouns DAO is the governing body of the Nouns ecosystem, utilizing a fork of Compound Governance. The Nouns DAO treasury receives 100% of ETH proceeds from daily Noun auctions. Each Noun is an irrevocable member of Nouns DAO and entitled to one vote in all governance matters. Noun votes are non-transferable but delegatable.
Compound is introducing a governance system that will replace the protocol's administrator with community governance. The Compound governance token, COMP, allows owners to delegate voting rights to any address, enabling anyone to participate in Compound governance without owning COMP. The token is not a fundraising device or investment opportunity and will not be available to the public until the decentralization process is complete. The goal is to fully decentralize the Compound protocol and create an indestructible, open protocol that can evolve in entirely new ways.
Compound has a decentralized governance mechanism that controls various parameters, including collateral factor, reserve factor, base rate, slope, and kink. The governance cannot steal funds or block users, and the parameters they can control are limited. The governance was initially controlled by developers but is now completely decentralized. The Comp token was distributed to loyal users of the platform, and it continues to incentivize people to use the platform. The rates paid to suppliers and borrowers are algorithmically determined, and the parameters are controlled by the governance token, Comp. The positions within Compound are tokenized with C tokens, and the share of the collateral is freely traded and can be used in other protocols. Everything in the protocol is transparent, and it solves problems such as centralized control, inefficiency, lack of interoperability, and opacity.
Uniswap has introduced a community-managed treasury and governance system that will allow for experimentation, ecosystem grants, and public goods funding to foster additional Uniswap ecosystem growth. Governance will be live from day one, but control over the treasury will be delayed until October 17, 2020, to allow the community to familiarize itself with the system and bring in a diverse set of protocol delegates. UNI holders are responsible for ensuring governance decisions comply with applicable laws and regulations, and the Uniswap team will have no involvement in v2 protocol development, auditing, and other matters.
Uniswap has a governance token called Uni, which is distributed to users to incentivize liquidity. Uni governance has control over its own token distribution, and early users are rewarded with equity in the governance. Version 3 of Uniswap allows liquidity providers to allocate funds to their own customized range, similar to a limit order system. Uniswap is a critical component of the DeFi ecosystem, allowing anyone to trade algorithmically at any time and start a trading pair. The automated market maker is a significant innovation in the idea of exchange, getting rid of the human market maker, infrastructure, spread, and risk. Everything is transparent, and the pool's contents are known at any point in time.
Coherent database has been used on snowflake.com. The tables used include DECODED_TRANSACTIONS, DECODED_LOGS and DECODED_BLOCKS.
DECODED_TRANSACTIONS table for details of transactions, DECODED_LOGS table for more details of each transaction and DECODED_BLOCKS table for obtaining date and time of each transaction are used.
For more information about Coherent, you can refer to the Resource section at the bottom of this article and view the YouTube link as well as the Coherent website link.
In Uniswap, we see two voting series. The first round called Alpha, which was on Uniswap version 2, and the Bravo round, which was on Uniswap version 3. We have put both series together in the graph. In all votings, the number of UNI tokens agreed with the proposal and voted positively. The most powerful is the Alpha 4 proposal, in which about 89 million UNI participated. The lowest voting rate was in Bravo 18, which involved about 2.5 million UNIs.
In Compound, we see 42 proposals for voting. Most of the votes were in favor of the opinion, and in some of them, about 5 proposals were voted against.
The number of proposals in Nouns DAO is very high. As mentioned above, their voting pattern is similar to Compound. In Nouns there is one vote per NFT. In fact, unlike Uniswap and Compound, which voted based on their native token, in Nouns, the number of NFTs is the criterion.
To view the relevant dashboard, refer to link: https://app.snowflake.com/us-east-1/mmb17545/#/votes-of-uniswap-and-compound-and-nouns-dU1TZKXMS
In this chart, we have examined the power of votes cumulatively. In fact, the blue line shows the strength of positive votes for proposals and the orange line shows the strength of negative votes for proposals. As it has been determined over time, Uniswap votes have been given with almost the same trend until March 3, 2022, but since that date, participation has increased, and the blue line is steeper and indicates more participation.
In Compound, there was a weak trend of voting until June 10, 2020, but from that date until August 13, we see a good growth, but after that, we still see a weak trend.
In Nouns, the participation was weak until April 25, and from that date until November 3, 2022, we see a better participation, and since then, the voting procedure has been going on with a weak participation.
In all platforms, the upvote is more than the downvote.
To view the dashboard related to the above image, refer to this link: https://app.snowflake.com/us-east-1/mmb17545/#/cumulative-votes-of-uniswap-and-compound-and-nouns-dLtYDZoTq
In this section, we see 10 users who have the most voting power on the platforms.
In Uniswap, the maximum voting power is about 15 million UNI. In Compound, the highest voting power is about 331 thousand CMP tokens. In Nouns, the highest voting power is related to the user with 40 Nouns.
It should be noted that a higher voting power always results in a positive or negative opinion in the voting of proposals.
To see more details, you can check the charts from this link: https://app.snowflake.com/us-east-1/mmb17545/#/top-10-delegate-dXfl3XB8K
In the graphs of this section, we have examined the changes in delegate votes cumulatively.
In Uniswap, there was an upward trend until June 5, 2021, and the number of vote delegate changes was high, and after that it has a stable trend.
In Compound, we had an upward trend in vote delegate changes until December 10, 2020, and after that, the change trend has decreased.
In Nouns, the number of vote delegate changes has been low from August 2021 to mid-May 2022, and since that date we have seen a steady increase.
To view more details, refer to the dashboard link: https://app.snowflake.com/us-east-1/mmb17545/#/delegate-votes-changed-over-day-dLDauoeqz
Nouns DAO has a proposal veto right to prevent attacks on its treasury. However, the DAO now believes that a more robust solution is needed before removing this right. The Nouns Foundation will continue to exercise the veto power until an alternative is implemented and will only veto proposals that introduce significant risks to the DAO or Foundation. The Nouns ecosystem is governed by Nouns DAO, and every Noun is entitled to one vote in all governance matters.
Compound is implementing a governance system to replace the protocol's administrator with community governance, which will be fully decentralized. The Compound governance token (COMP) lets owners delegate voting rights and participate in governance without owning COMP. Parameters such as collateral factor, reserve factor, base rate, slope, and kink are controlled by the governance token, Comp, but the governance cannot steal funds or block users. The token incentivizes platform use, and everything in the protocol is transparent and solves problems of centralized control, inefficiency, lack of interoperability, and opacity.
Uniswap has introduced a community-managed treasury and governance system to foster ecosystem growth through experimentation, grants, and public goods funding. Governance will be live from day one, but control over the treasury will be delayed until October 17, 2020, to bring in a diverse set of protocol delegates. UNI holders are responsible for ensuring compliance with applicable laws and regulations, and the Uniswap team will have no involvement in v2 protocol development, auditing, and other matters. Uniswap has a governance token called Uni, which incentivizes liquidity and gives control over token distribution. Version 3 enables liquidity providers to customize their allocation range. Uniswap is a transparent automated market maker critical to DeFi, allowing anyone to trade algorithmically at any time.
In the voting mechanism in the above three platforms, the voting power is distributed by forming a DAO and granting tokens or NFTs to community members.
Most of the proposals in Uniswap and Compound have been accompanied by positive comments. In Nouns, the number of proposals has been high and the opinions for and against have been different.
MetricsDAO https://metricsdao.xyz
Coherent https://coherent.xyz
Snowflake https://snowflake.com
Campbell Harvey: https://www.youtube.com/@campbellharvey
Coherent Product Session: https://www.youtube.com/watch?v=bHwau9trEeo
https://uniswap.org/governance https://compound.finance/governance https://nouns.wtf
Banner image generated by CHAT GPT.
I am Amir and interested in cryptocurrency topics. You can contact me if you want.
My twitter is https://twitter.com/amir007_eth
The Nouns DAO initially implemented a proposal veto right to prevent '51% attacks' on its treasury, but now believes a more robust solution is needed before removing the right. The Nouns Foundation will continue to exercise the veto power until an alternative is implemented and will only veto proposals that introduce significant risks to the DAO or Foundation. There are no algorithmic solutions for determining these risks, so proposals will be considered on a case-by-case basis.
Nouns DAO is the governing body of the Nouns ecosystem, utilizing a fork of Compound Governance. The Nouns DAO treasury receives 100% of ETH proceeds from daily Noun auctions. Each Noun is an irrevocable member of Nouns DAO and entitled to one vote in all governance matters. Noun votes are non-transferable but delegatable.
Compound is introducing a governance system that will replace the protocol's administrator with community governance. The Compound governance token, COMP, allows owners to delegate voting rights to any address, enabling anyone to participate in Compound governance without owning COMP. The token is not a fundraising device or investment opportunity and will not be available to the public until the decentralization process is complete. The goal is to fully decentralize the Compound protocol and create an indestructible, open protocol that can evolve in entirely new ways.
Compound has a decentralized governance mechanism that controls various parameters, including collateral factor, reserve factor, base rate, slope, and kink. The governance cannot steal funds or block users, and the parameters they can control are limited. The governance was initially controlled by developers but is now completely decentralized. The Comp token was distributed to loyal users of the platform, and it continues to incentivize people to use the platform. The rates paid to suppliers and borrowers are algorithmically determined, and the parameters are controlled by the governance token, Comp. The positions within Compound are tokenized with C tokens, and the share of the collateral is freely traded and can be used in other protocols. Everything in the protocol is transparent, and it solves problems such as centralized control, inefficiency, lack of interoperability, and opacity.
Uniswap has introduced a community-managed treasury and governance system that will allow for experimentation, ecosystem grants, and public goods funding to foster additional Uniswap ecosystem growth. Governance will be live from day one, but control over the treasury will be delayed until October 17, 2020, to allow the community to familiarize itself with the system and bring in a diverse set of protocol delegates. UNI holders are responsible for ensuring governance decisions comply with applicable laws and regulations, and the Uniswap team will have no involvement in v2 protocol development, auditing, and other matters.
Uniswap has a governance token called Uni, which is distributed to users to incentivize liquidity. Uni governance has control over its own token distribution, and early users are rewarded with equity in the governance. Version 3 of Uniswap allows liquidity providers to allocate funds to their own customized range, similar to a limit order system. Uniswap is a critical component of the DeFi ecosystem, allowing anyone to trade algorithmically at any time and start a trading pair. The automated market maker is a significant innovation in the idea of exchange, getting rid of the human market maker, infrastructure, spread, and risk. Everything is transparent, and the pool's contents are known at any point in time.
Coherent database has been used on snowflake.com. The tables used include DECODED_TRANSACTIONS, DECODED_LOGS and DECODED_BLOCKS.
DECODED_TRANSACTIONS table for details of transactions, DECODED_LOGS table for more details of each transaction and DECODED_BLOCKS table for obtaining date and time of each transaction are used.
For more information about Coherent, you can refer to the Resource section at the bottom of this article and view the YouTube link as well as the Coherent website link.
In Uniswap, we see two voting series. The first round called Alpha, which was on Uniswap version 2, and the Bravo round, which was on Uniswap version 3. We have put both series together in the graph. In all votings, the number of UNI tokens agreed with the proposal and voted positively. The most powerful is the Alpha 4 proposal, in which about 89 million UNI participated. The lowest voting rate was in Bravo 18, which involved about 2.5 million UNIs.
In Compound, we see 42 proposals for voting. Most of the votes were in favor of the opinion, and in some of them, about 5 proposals were voted against.
The number of proposals in Nouns DAO is very high. As mentioned above, their voting pattern is similar to Compound. In Nouns there is one vote per NFT. In fact, unlike Uniswap and Compound, which voted based on their native token, in Nouns, the number of NFTs is the criterion.
To view the relevant dashboard, refer to link: https://app.snowflake.com/us-east-1/mmb17545/#/votes-of-uniswap-and-compound-and-nouns-dU1TZKXMS
In this chart, we have examined the power of votes cumulatively. In fact, the blue line shows the strength of positive votes for proposals and the orange line shows the strength of negative votes for proposals. As it has been determined over time, Uniswap votes have been given with almost the same trend until March 3, 2022, but since that date, participation has increased, and the blue line is steeper and indicates more participation.
In Compound, there was a weak trend of voting until June 10, 2020, but from that date until August 13, we see a good growth, but after that, we still see a weak trend.
In Nouns, the participation was weak until April 25, and from that date until November 3, 2022, we see a better participation, and since then, the voting procedure has been going on with a weak participation.
In all platforms, the upvote is more than the downvote.
To view the dashboard related to the above image, refer to this link: https://app.snowflake.com/us-east-1/mmb17545/#/cumulative-votes-of-uniswap-and-compound-and-nouns-dLtYDZoTq
In this section, we see 10 users who have the most voting power on the platforms.
In Uniswap, the maximum voting power is about 15 million UNI. In Compound, the highest voting power is about 331 thousand CMP tokens. In Nouns, the highest voting power is related to the user with 40 Nouns.
It should be noted that a higher voting power always results in a positive or negative opinion in the voting of proposals.
To see more details, you can check the charts from this link: https://app.snowflake.com/us-east-1/mmb17545/#/top-10-delegate-dXfl3XB8K
In the graphs of this section, we have examined the changes in delegate votes cumulatively.
In Uniswap, there was an upward trend until June 5, 2021, and the number of vote delegate changes was high, and after that it has a stable trend.
In Compound, we had an upward trend in vote delegate changes until December 10, 2020, and after that, the change trend has decreased.
In Nouns, the number of vote delegate changes has been low from August 2021 to mid-May 2022, and since that date we have seen a steady increase.
To view more details, refer to the dashboard link: https://app.snowflake.com/us-east-1/mmb17545/#/delegate-votes-changed-over-day-dLDauoeqz
Nouns DAO has a proposal veto right to prevent attacks on its treasury. However, the DAO now believes that a more robust solution is needed before removing this right. The Nouns Foundation will continue to exercise the veto power until an alternative is implemented and will only veto proposals that introduce significant risks to the DAO or Foundation. The Nouns ecosystem is governed by Nouns DAO, and every Noun is entitled to one vote in all governance matters.
Compound is implementing a governance system to replace the protocol's administrator with community governance, which will be fully decentralized. The Compound governance token (COMP) lets owners delegate voting rights and participate in governance without owning COMP. Parameters such as collateral factor, reserve factor, base rate, slope, and kink are controlled by the governance token, Comp, but the governance cannot steal funds or block users. The token incentivizes platform use, and everything in the protocol is transparent and solves problems of centralized control, inefficiency, lack of interoperability, and opacity.
Uniswap has introduced a community-managed treasury and governance system to foster ecosystem growth through experimentation, grants, and public goods funding. Governance will be live from day one, but control over the treasury will be delayed until October 17, 2020, to bring in a diverse set of protocol delegates. UNI holders are responsible for ensuring compliance with applicable laws and regulations, and the Uniswap team will have no involvement in v2 protocol development, auditing, and other matters. Uniswap has a governance token called Uni, which incentivizes liquidity and gives control over token distribution. Version 3 enables liquidity providers to customize their allocation range. Uniswap is a transparent automated market maker critical to DeFi, allowing anyone to trade algorithmically at any time.
In the voting mechanism in the above three platforms, the voting power is distributed by forming a DAO and granting tokens or NFTs to community members.
Most of the proposals in Uniswap and Compound have been accompanied by positive comments. In Nouns, the number of proposals has been high and the opinions for and against have been different.
MetricsDAO https://metricsdao.xyz
Coherent https://coherent.xyz
Snowflake https://snowflake.com
Campbell Harvey: https://www.youtube.com/@campbellharvey
Coherent Product Session: https://www.youtube.com/watch?v=bHwau9trEeo
https://uniswap.org/governance https://compound.finance/governance https://nouns.wtf
Banner image generated by CHAT GPT.
I am Amir and interested in cryptocurrency topics. You can contact me if you want.
My twitter is https://twitter.com/amir007_eth
No activity yet