我从比特币学到的21课
本文取得了Gigi翻译的同意,非常感谢Gigi。 Gigi是Twitter上一个知名的Bitcoiner。 19年我在微博上翻译了Gigi的这个系列,但今年因为国内zc,我把这个内容下架了,最近想还是把这个系列发到Mirror。 比特币是一个兔子洞,真正掉进去的人就别想出来了,我们只有不断向下探寻,这个就是一个真正Bitcoiner的冒险之旅。 因为我懂得不多,英语水平有限,另外我也不是哲学、经济学科班,虽然计算机专业小硕毕业,但是密码学这块涉猎也不多,所以很多内容我都还不能很好的把握,后面准备每个月把自己学习到的和感悟更新到这个系列里面。 另外希望大家指正,不对的地方我下次一起修正。Philosophical Teachings of BitcoinWhat I’ve Learned From Bitcoin: Part ISome questions have easy answers. “What have you learned from Bitcoin?” isn’t one of them. After trying to answer this question ...
以下为@DeFiMiner 翻译整理的Multicoin创始人Kyle Samani近期推文,学习
1、下一轮熊市将跟以往不同,事实上,可能根本不会有熊市。或者只会有半个熊市,熊市周期缩短,这取决于每个人对熊市的定义。 不会那种出现矿难大面积萧条的熊市了,只会有你手中币不涨的熊市 2、广义上讲,加密货币有2类群体:货币加密&技术加密。2011到2017年,由货币加密群体主导;2017年以后,技术加密成为主流。 应该也可以称为加密货币&加密技术可能更准确 3、2017-2018年是货币加密阵营就权利和相关性的争夺,但今天很明显,技术加密主导了时代。 4、仍然有很多人只把 BTC 看作通胀对冲工具,但他们在媒体、社交渠道、会议演讲等中所占的比例越来越小。 ~~加密世界/时代Base 不一定挂在嘴边,就像我们每天用互联网不会提一嘴TCP/IP ~~ 5、货币加密群体主要考虑利率、央行政策等,而技术加密群体更关心建设。 6、作为通胀对冲,政客/央行不可避免地会做一些对 BTC 不利的事情。无论是禁止(或试图禁止),还是提高利率,或者其他行为。这些机构的动作有自然的潮起潮落,BTC-USD自然会做出反应。 7、技术加密群体不关心这些,他们只想打造很酷的新东西。哪怕BTC-USD 的价格因...
Curvance
Curvance: Wrapped Token Lending ProtocolA new way to earn yield and unlock the full power of your liquidity Curvance is a decentralized stablecoin lending protocol with an initial focus on wrapped tokens from the Curve, Convex, Yearn, and Badger ecosystems. Curvance seeks to allow users to continue earning yield while unlocking capital through peer-to-peer lending. Assets such as cvxCRV, bveCVX, and yvBOOST could earn similar or higher APR they would earn on their original platforms, but with...
我从比特币学到的21课
本文取得了Gigi翻译的同意,非常感谢Gigi。 Gigi是Twitter上一个知名的Bitcoiner。 19年我在微博上翻译了Gigi的这个系列,但今年因为国内zc,我把这个内容下架了,最近想还是把这个系列发到Mirror。 比特币是一个兔子洞,真正掉进去的人就别想出来了,我们只有不断向下探寻,这个就是一个真正Bitcoiner的冒险之旅。 因为我懂得不多,英语水平有限,另外我也不是哲学、经济学科班,虽然计算机专业小硕毕业,但是密码学这块涉猎也不多,所以很多内容我都还不能很好的把握,后面准备每个月把自己学习到的和感悟更新到这个系列里面。 另外希望大家指正,不对的地方我下次一起修正。Philosophical Teachings of BitcoinWhat I’ve Learned From Bitcoin: Part ISome questions have easy answers. “What have you learned from Bitcoin?” isn’t one of them. After trying to answer this question ...
以下为@DeFiMiner 翻译整理的Multicoin创始人Kyle Samani近期推文,学习
1、下一轮熊市将跟以往不同,事实上,可能根本不会有熊市。或者只会有半个熊市,熊市周期缩短,这取决于每个人对熊市的定义。 不会那种出现矿难大面积萧条的熊市了,只会有你手中币不涨的熊市 2、广义上讲,加密货币有2类群体:货币加密&技术加密。2011到2017年,由货币加密群体主导;2017年以后,技术加密成为主流。 应该也可以称为加密货币&加密技术可能更准确 3、2017-2018年是货币加密阵营就权利和相关性的争夺,但今天很明显,技术加密主导了时代。 4、仍然有很多人只把 BTC 看作通胀对冲工具,但他们在媒体、社交渠道、会议演讲等中所占的比例越来越小。 ~~加密世界/时代Base 不一定挂在嘴边,就像我们每天用互联网不会提一嘴TCP/IP ~~ 5、货币加密群体主要考虑利率、央行政策等,而技术加密群体更关心建设。 6、作为通胀对冲,政客/央行不可避免地会做一些对 BTC 不利的事情。无论是禁止(或试图禁止),还是提高利率,或者其他行为。这些机构的动作有自然的潮起潮落,BTC-USD自然会做出反应。 7、技术加密群体不关心这些,他们只想打造很酷的新东西。哪怕BTC-USD 的价格因...
Curvance
Curvance: Wrapped Token Lending ProtocolA new way to earn yield and unlock the full power of your liquidity Curvance is a decentralized stablecoin lending protocol with an initial focus on wrapped tokens from the Curve, Convex, Yearn, and Badger ecosystems. Curvance seeks to allow users to continue earning yield while unlocking capital through peer-to-peer lending. Assets such as cvxCRV, bveCVX, and yvBOOST could earn similar or higher APR they would earn on their original platforms, but with...
Share Dialog
Share Dialog

Subscribe to andywan

Subscribe to andywan
<100 subscribers
<100 subscribers
https://twitter.com/mattdorta/status/1476226237051940864
"The Curve War" is the most interesting narrative in crypto at the moment.
Tens of billions in TVL, bribing for votes, early protocols battling for liquidity.
Liquidity Is King. For early protocols, the most important and most difficult problem to solve is generating liquidity for your token. If market participants (primarily whales) cannot easily move in and out of your token with low slippage...your odds of success are low.
The undisputed king of DeFi liquidity is Curve. Curve is the largest DeFi protocol in the market with over $22 billion in TVL across 7 chains. If you want liquidity for your token (especially stables) - having a relevant pool on Curve is important.

But what drives liquidity on Curve? Liquidity Incentives - users want to provide liquidity to the pools with the best returns. Who controls how incentives are distributed on Curve? Owners of $CRV.
So what is happening? Other DeFi apps, whales, and protocols are accumulating as much $CRV as possible to be able to control the vote on which pools should receive liquidity incentives.
How big has this game become? Well... The third biggest DeFi protocol in the market by TVL is literally a project with the sole focus of accumulating as much $CRV as possible to control the vote. Convex now owns ~51% of the circulating supply of $CRV.

So what happens now? Early stage tokens who need liquidity "bribe" the Convex Community to vote with their $CRV to direct liquidity incentives to their pool. If successful -> higher APY for your pool -> more liquidity -> increased likelihood of success for your token.
And who is bribing? All relevant projects, especially stablecoins, who understand the importance of having liquid pools on Ethereum. Notably $SPELL for $MIM, $LUNA for $UST, and $FRAX are paying millions of dollars for votes.
Where do we go from here?
My general thought is the Curve War only intensifies as we move into a multi-chain future.
Curve is going multi-chain -> more reason for wars.
Tokens non-native to Ethereum still desire liquidity on Ethereum.
And who else is relevant in The Curve Wars?
$BTRFLY @redactedcartel
an $OHM fork creating a blackhole for accumulating $CRV and $CVX to compete in the War.
$YFI @iearnfinance
with a new tokenomics model, stakers will receive more control in directing incentives.
来源

In an effort to place ourselves at the forefront of the imminent TOKE wars, we have conducted a strategic acquisition of the bribe facilitators for Tokemak reactors, Votemak. This acquisition will be overseen by elected community members of the cartel, LiquidityWizard of Tokemak, and the core-team of Votemak, 0xTomoyo, DCF Intern, 0xMattyb, and DCFGOD.
Votemak lets protocols bribe $TOKE holders to vote for their reactors via smart contracts. Protocols put up bribes in any ERC20 and $TOKE holders can collect those bribes after voting.
To learn more visit https://twitter.com/VoteMak
Last CORE event, Votemak generated over $130,000 of profits from over $2M in bribes and we expect the bribe amounts to be higher in future rounds (just as convex bribing played out). Votemak is currently the leader in the space and the clear decider of 3 of the 5 reactors from the last vote.
The cartel is currently a leader in the curve wars and with Votemak it has the opportunity to be a first mover and the leader of the $TOKE wars as well. Further, if the cartel ever acquires $TOKE it can be users of its own product and pay no fees for bribes.
Going forward the cartel will own this extremely profitable business, collect all of its revenues, and be positioned to organize bribes for liquidity direction and anything else $TOKE holders could be bribed for
The Votemak team will work closely with the cartel to ensure the next CORE round goes smoothly, and from there the cartel will take over full control of the product. In exchange we will be issuing $1m of wxBTRFLY at a 7d TWAP at time of this post, vested over 1 year.
We believe this pricing is strongly in favor for the cartel as it is possibly less than 1x profits for 2022, provides a huge head start on the toke wars, and sets up revenues not just from being bribed but also being the organizer of bribes.
https://twitter.com/mattdorta/status/1476226237051940864
"The Curve War" is the most interesting narrative in crypto at the moment.
Tens of billions in TVL, bribing for votes, early protocols battling for liquidity.
Liquidity Is King. For early protocols, the most important and most difficult problem to solve is generating liquidity for your token. If market participants (primarily whales) cannot easily move in and out of your token with low slippage...your odds of success are low.
The undisputed king of DeFi liquidity is Curve. Curve is the largest DeFi protocol in the market with over $22 billion in TVL across 7 chains. If you want liquidity for your token (especially stables) - having a relevant pool on Curve is important.

But what drives liquidity on Curve? Liquidity Incentives - users want to provide liquidity to the pools with the best returns. Who controls how incentives are distributed on Curve? Owners of $CRV.
So what is happening? Other DeFi apps, whales, and protocols are accumulating as much $CRV as possible to be able to control the vote on which pools should receive liquidity incentives.
How big has this game become? Well... The third biggest DeFi protocol in the market by TVL is literally a project with the sole focus of accumulating as much $CRV as possible to control the vote. Convex now owns ~51% of the circulating supply of $CRV.

So what happens now? Early stage tokens who need liquidity "bribe" the Convex Community to vote with their $CRV to direct liquidity incentives to their pool. If successful -> higher APY for your pool -> more liquidity -> increased likelihood of success for your token.
And who is bribing? All relevant projects, especially stablecoins, who understand the importance of having liquid pools on Ethereum. Notably $SPELL for $MIM, $LUNA for $UST, and $FRAX are paying millions of dollars for votes.
Where do we go from here?
My general thought is the Curve War only intensifies as we move into a multi-chain future.
Curve is going multi-chain -> more reason for wars.
Tokens non-native to Ethereum still desire liquidity on Ethereum.
And who else is relevant in The Curve Wars?
$BTRFLY @redactedcartel
an $OHM fork creating a blackhole for accumulating $CRV and $CVX to compete in the War.
$YFI @iearnfinance
with a new tokenomics model, stakers will receive more control in directing incentives.
来源

In an effort to place ourselves at the forefront of the imminent TOKE wars, we have conducted a strategic acquisition of the bribe facilitators for Tokemak reactors, Votemak. This acquisition will be overseen by elected community members of the cartel, LiquidityWizard of Tokemak, and the core-team of Votemak, 0xTomoyo, DCF Intern, 0xMattyb, and DCFGOD.
Votemak lets protocols bribe $TOKE holders to vote for their reactors via smart contracts. Protocols put up bribes in any ERC20 and $TOKE holders can collect those bribes after voting.
To learn more visit https://twitter.com/VoteMak
Last CORE event, Votemak generated over $130,000 of profits from over $2M in bribes and we expect the bribe amounts to be higher in future rounds (just as convex bribing played out). Votemak is currently the leader in the space and the clear decider of 3 of the 5 reactors from the last vote.
The cartel is currently a leader in the curve wars and with Votemak it has the opportunity to be a first mover and the leader of the $TOKE wars as well. Further, if the cartel ever acquires $TOKE it can be users of its own product and pay no fees for bribes.
Going forward the cartel will own this extremely profitable business, collect all of its revenues, and be positioned to organize bribes for liquidity direction and anything else $TOKE holders could be bribed for
The Votemak team will work closely with the cartel to ensure the next CORE round goes smoothly, and from there the cartel will take over full control of the product. In exchange we will be issuing $1m of wxBTRFLY at a 7d TWAP at time of this post, vested over 1 year.
We believe this pricing is strongly in favor for the cartel as it is possibly less than 1x profits for 2022, provides a huge head start on the toke wars, and sets up revenues not just from being bribed but also being the organizer of bribes.
No activity yet