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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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Polymarket is being investigated by the Commodity Futures Trading Commission (CFTC) to see whether the prediction market platform is letting customers improperly trade swaps or binary options and if it should be registered with the agency, Bloomberg reported, citing people familiar with the matter.
The company, which facilitated about 4 billion shares since the start of operations last year, has been in talks regarding a new round of funding that could value the platform at nearly $1 billion, Bloomberg said, citing two people family with the matter.
New York-based Polymarket has hired the former head of the CFTC’s enforcement division to handle the probe, Bloomberg said, again citing sources.
Bloomberg said the CFTC declined to comment while Polymarket gave an answer that neither confirmed nor denied the existence of any probe.
Decentralized finance (DeFi) entrepreneurs have long argued that smart contract interfaces shouldn’t be policed like centralized exchanges.
Polymarket founder Shayne Coplan declined to comment when reached via Telegram.
Polymarket is being investigated by the Commodity Futures Trading Commission (CFTC) to see whether the prediction market platform is letting customers improperly trade swaps or binary options and if it should be registered with the agency, Bloomberg reported, citing people familiar with the matter.
The company, which facilitated about 4 billion shares since the start of operations last year, has been in talks regarding a new round of funding that could value the platform at nearly $1 billion, Bloomberg said, citing two people family with the matter.
New York-based Polymarket has hired the former head of the CFTC’s enforcement division to handle the probe, Bloomberg said, again citing sources.
Bloomberg said the CFTC declined to comment while Polymarket gave an answer that neither confirmed nor denied the existence of any probe.
Decentralized finance (DeFi) entrepreneurs have long argued that smart contract interfaces shouldn’t be policed like centralized exchanges.
Polymarket founder Shayne Coplan declined to comment when reached via Telegram.
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