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Real BlockBuilding Blocks for DEX Router Construction & Analysis
by Alex Carreira & Prabhaav BhardwajOverviewExchanging one asset for another is a foundational concept of financial markets. In cryptocurrency markets, this commonly occurs where tokens or currencies are swapped or traded for others. Uniswap is an automated liquidity protocol that facilitates this type of swapping. It uses pairs or pools (henceforth pairs), pooled reserves of two assets[1], to allow a user to swap one asset for another.Figure 1.0: A Uniswap pool of tokens A and B along with e...
Real BlockDecentralized Society: Finding Web3’s Soul1
E. Glen Weyl,2 Puja Ohlhaver,3 Vitalik Buterin 4 May 2022 "The Dao is the hearth and home of the ten thousand things. Good souls treasure it, lost souls find shelter in it.” — Laozi, #62 Abstract Web3 today centers around expressing transferable, financialized assets, rather than encoding social relationships of trust. Yet many core economic activities—such as uncollateralized lending and building personal brands—are built on persistent, non-transferable relationships. In this paper, we illust...
Real BlockModeling Bitcoin Value with Scarcity | Medium
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25IntroductionSatoshi Nakamoto published the bitcoin white paper 31/Oct 2008 [1], created the bitcoin genesis block 03/Jan 2009, and released the bitcoin code 08/Jan 2009. So begins a journey that leads to a $70bn bitcoin (BTC) market today. Bitcoin is the first scarce digital object the world has ever seen. It is scarce like silver & gold, and can be sent over the internet, radio, satellite etc."As a thought e...
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Real BlockBuilding Blocks for DEX Router Construction & Analysis
by Alex Carreira & Prabhaav BhardwajOverviewExchanging one asset for another is a foundational concept of financial markets. In cryptocurrency markets, this commonly occurs where tokens or currencies are swapped or traded for others. Uniswap is an automated liquidity protocol that facilitates this type of swapping. It uses pairs or pools (henceforth pairs), pooled reserves of two assets[1], to allow a user to swap one asset for another.Figure 1.0: A Uniswap pool of tokens A and B along with e...
Real BlockDecentralized Society: Finding Web3’s Soul1
E. Glen Weyl,2 Puja Ohlhaver,3 Vitalik Buterin 4 May 2022 "The Dao is the hearth and home of the ten thousand things. Good souls treasure it, lost souls find shelter in it.” — Laozi, #62 Abstract Web3 today centers around expressing transferable, financialized assets, rather than encoding social relationships of trust. Yet many core economic activities—such as uncollateralized lending and building personal brands—are built on persistent, non-transferable relationships. In this paper, we illust...
Real BlockModeling Bitcoin Value with Scarcity | Medium
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25IntroductionSatoshi Nakamoto published the bitcoin white paper 31/Oct 2008 [1], created the bitcoin genesis block 03/Jan 2009, and released the bitcoin code 08/Jan 2009. So begins a journey that leads to a $70bn bitcoin (BTC) market today. Bitcoin is the first scarce digital object the world has ever seen. It is scarce like silver & gold, and can be sent over the internet, radio, satellite etc."As a thought e...
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The airdrop effect of Gitcoin, a fundraising platform known as the Ethereum arsenal, is significant, and users' swiping tickets based on the motivation to obtain the project's airdrop has seriously affected the essence of the original intention of the DAO funded project.
However, the quadratic funding (QF) clr.fund praised by @Vitalik Buterin hides the donor’s information through zero-knowledge proof. Fund-raising projects cannot send airdrops to supporters. This seems closer to what the fund-raising platform should have.
According to the official statement, Clr.fund enables funds to be allocated to public products that benefit the Ethereum network, without relying on centralized entities, and in a way that reflects the preferences of the Ethereum community. Clr.fund is committed to achieving credible, neutral, decentralized, permissionless, trustless and anonymous fundraising.
Anonymity: clr.fund uses zero-knowledge proof (zk-snarks) to protect the privacy of personal contributions and limit the effectiveness of collusion and bribery. Therefore, projects that accept fundraising do not know the specific address of the donor Waiting for information (only know that a group of people donated money to a group of projects, who donated to which project is not clear, this is the meaning of zero-knowledge proof here).
Uniqueness: To ensure that each contributor is a unique person, clr.fund uses BrightID for identity authentication.
It is worth looking forward to: clrfund itself issues coins, and other project parties regard clrfund donors as airdrop targets
A verified brightID is required. You can search for specific verification tutorials by yourself. There is no special requirement and it is not difficult.
1） Wallet: MetaMask
2） Switch network: Switch to Xdai Chain network
Open Chainlist.org website, click connect wallet, search xdai, click add network to wallet.
3） Assets to be donated: WXDAI stablecoin
Usually, it is necessary to convert the stable currency DAI to XDAI and then to WXDAI, and most exchanges and cross-chain exchanges are expensive. The cheapest exchange path found so far with a cost close to 0 is:
A） uses the email to register a temporary account (nNo identity authentication is required*，You can withdraw coins after 24 hours of* Google authentication*, and the limit is 2BTC equivalent*) in **Ascendex exchange**, deposit TRC-20 version of USDT from other exchanges to directly purchase xDAI, and then withdraw the coin to the metamask address, the withdrawal fee is 0
B） **Sushiswap** already supports the xdai network, switch metamask directly to the xdai network, and then use sushiswap to convert xdai to wxdai. The cost is close to 0, which is very low.
1） Open the clr.fund website
Tip: The website is very stuck, the project may not be displayed or you can’t click on the “contribute”, just refresh more and wait.
2） Connect your wallet: You will be prompted to link to the xdai network in the upper right corner of the website
3） Choose up to 13 projects to donate, and you can adjust the donation amount on the right
4） Before clicking donate, you will be prompted to bind brightID in the lower right corner, just scan the code according to the prompt
5） Finally complete the donation
……………………………………………………………………………………………………………………………
Tha’s the end. Good Luck！
The airdrop effect of Gitcoin, a fundraising platform known as the Ethereum arsenal, is significant, and users' swiping tickets based on the motivation to obtain the project's airdrop has seriously affected the essence of the original intention of the DAO funded project.
However, the quadratic funding (QF) clr.fund praised by @Vitalik Buterin hides the donor’s information through zero-knowledge proof. Fund-raising projects cannot send airdrops to supporters. This seems closer to what the fund-raising platform should have.
According to the official statement, Clr.fund enables funds to be allocated to public products that benefit the Ethereum network, without relying on centralized entities, and in a way that reflects the preferences of the Ethereum community. Clr.fund is committed to achieving credible, neutral, decentralized, permissionless, trustless and anonymous fundraising.
Anonymity: clr.fund uses zero-knowledge proof (zk-snarks) to protect the privacy of personal contributions and limit the effectiveness of collusion and bribery. Therefore, projects that accept fundraising do not know the specific address of the donor Waiting for information (only know that a group of people donated money to a group of projects, who donated to which project is not clear, this is the meaning of zero-knowledge proof here).
Uniqueness: To ensure that each contributor is a unique person, clr.fund uses BrightID for identity authentication.
It is worth looking forward to: clrfund itself issues coins, and other project parties regard clrfund donors as airdrop targets
A verified brightID is required. You can search for specific verification tutorials by yourself. There is no special requirement and it is not difficult.
1） Wallet: MetaMask
2） Switch network: Switch to Xdai Chain network
Open Chainlist.org website, click connect wallet, search xdai, click add network to wallet.
3） Assets to be donated: WXDAI stablecoin
Usually, it is necessary to convert the stable currency DAI to XDAI and then to WXDAI, and most exchanges and cross-chain exchanges are expensive. The cheapest exchange path found so far with a cost close to 0 is:
A） uses the email to register a temporary account (nNo identity authentication is required*，You can withdraw coins after 24 hours of* Google authentication*, and the limit is 2BTC equivalent*) in **Ascendex exchange**, deposit TRC-20 version of USDT from other exchanges to directly purchase xDAI, and then withdraw the coin to the metamask address, the withdrawal fee is 0
B） **Sushiswap** already supports the xdai network, switch metamask directly to the xdai network, and then use sushiswap to convert xdai to wxdai. The cost is close to 0, which is very low.
1） Open the clr.fund website
Tip: The website is very stuck, the project may not be displayed or you can’t click on the “contribute”, just refresh more and wait.
2） Connect your wallet: You will be prompted to link to the xdai network in the upper right corner of the website
3） Choose up to 13 projects to donate, and you can adjust the donation amount on the right
4） Before clicking donate, you will be prompted to bind brightID in the lower right corner, just scan the code according to the prompt
5） Finally complete the donation
……………………………………………………………………………………………………………………………
Tha’s the end. Good Luck！
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