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Jesus Crypto Plaza 🌳
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Jesus Perez Crypto Plaza / DragonStake
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Jesus Crypto Plaza 🌳
Sep 27
Sky’s Growth Challenges: Rethinking Strategy for Sustainable Expansion
IntroductionSky has long been a pioneer in the stablecoin market. However, in recent years the protocol has faced difficulties keeping pace with the accelerated growth of the sector. While Sky was once the leading decentralized stablecoin and the third largest overall after USDC and USDT, it has since struggled to maintain this position. Understanding the dynamics behind this slowdown is key to identifying a path forward.Stablecoin SupplyStablecoin MarketcapThe Growth ChallengeIn its early ph...
Story Protocol Launches IP Vault: The Future of Programmable Intellectual Property
Jesus Crypto Plaza 🌳
Sep 16
Introduction On September 12, Story Protocol unveiled IP Vault, a system designed to transform how intellectual property (IP) is managed, shared, and monetized. This announcement not only strengthens Story’s own ecosystem but also unlocks new possibilities across industries such as artificial intelligence, music, and genomics. What is IP Vault? IP Vault functions as a global, trustless access layer for IP data. The system stores information off-chain, while securing keys through Story’s multi...
Jesus Crypto Plaza 🌳
Aug 3
Why Market Making on Panoptic Outperforms Traditional LP Strategies
Adding Market Making returns to your portfolio can significantly enhance your overall performance. Since the launch of Uniswap V3, capital deployment in AMMs has become far more sophisticated, and as a result, yield is no longer distributed equally among liquidity providers. Active management is now required to capture meaningful returns, which discourages many investors from participating. Panoptic takes market making to the next level—offering a more efficient, automated, and capital-optimi...
Jesus Crypto Plaza 🌳
Jun 23
Revisiting SKY: From Governance Trap to Strategic Reinvention
Introduction: From Critique to Evolution A few months ago, I published a critical analysis of MakerDAO’s governance model, arguing that despite impressive protocol growth, its value accrual mechanisms—particularly for MKR holders—were fundamentally broken. MKR had become a governance trap: token holders consistently approved initiatives that diluted their own stake in the project, funding an internal ecosystem with minimal accountability or returns. The disconnect between MakerDAO’s growing r...
Jesus Crypto Plaza 🌳
Jun 6
The $1,000 Question: What Would It Take to Leave Twitter Forever?
The Long-Awaited Disruption of Traditional Social Media by CryptoThe idea that crypto could disrupt traditional social media has been one of the recurring promises ever since the early days of ICOs. Some of the first blockchain projects were already aiming to challenge the dominance of platforms like Facebook or Twitter. However, nearly five years later, the current state of crypto social networks has fallen well short of the expectations that were once set. Despite this underwhelming progres...
Jesus Crypto Plaza 🌳
Jul 12
Spark Community Call Update
🪐 Detailed Summary: SPK Token Launch & Integration into the Sky Ecosystem**Spark stands at the forefront of MakerDAO’s growth strategy.**Led by an exceptional team and restructured for agility, Spark is now well-positioned to compete in the increasingly competitive stablecoin landscape. One of the project’s main challenges will be identifying collateral types with strong credit demand. In this context, Spark’s CEO emphasized that Bitcoin is a strategic priority — offering BTC-backed loans re...
Jesus Crypto Plaza 🌳
Oct 15
Spark: The Commercial Bank of the Sky Ecosystem
In a recent fireside chat hosted by Anthony Y. from Artemis, Sam MacPherson, co-founder and CEO of Spark, provided a deep look into how Spark is reshaping institutional access to DeFi credit markets within the Sky (formerly MakerDAO) ecosystem.The Central Bank AnalogyMacPherson explained Spark through a simple yet powerful analogy:Sky operates like a central bank—it issues the USDS stablecoin and provides liquidity to its subDAOs.Spark, in turn, acts as a commercial bank, borrowing capital fr...
Jesus Crypto Plaza 🌳
Oct 12
Ethena Under Pressure: The Great Stress Test
Over the past few days, DeFi has faced one of the most intense volatility events since the collapse of Terra. Amid this chaos, Ethena (USDe) —a synthetic stablecoin backed by derivatives positions— underwent the most significant stress test in its history. The result: a remarkable display of technical resilience, yet also a stark reminder of the structural risks embedded in the most sophisticated layers of decentralized finance. Today, USDe stands as the third most important stablecoin in the...
Jesus Crypto Plaza 🌳
Oct 22
The Paradox of Subtraction: How Ethereum’s Pursuit of Purity Threatens Its Future
One of the most repeated narratives around Ethereum is that it is “digital gasoline.” This framing, while useful in the early days to explain how the network fuels decentralized computation, has become strategically limiting. Gasoline is a commodity—fungible, inert, and destined to decline in importance as better technologies replace it. Ethereum, on the other hand, is a living, evolving digital nation whose survival depends on its ability to keep innovating.The Subtraction PhilosophyThe subt...
Jesus Crypto Plaza 🌳
Oct 11
The Business of Volatility
The $9.5 Billion ResetIn a single day, over $9.55 billion in open interest was erased from crypto markets. According to CoinGlass data, this included $8 billion in long positions and $1.55 billion in shorts. The largest liquidations hit Bitcoin and Ethereum — over $2.6 billion combined — as the market plunged violently following new U.S. tariffs on China. Prices fell off a cliff. Bitcoin crashed from above $122,000 to nearly $102,000 before clawing back. Over 1.5 million traders were liquidat...