author: Manny Reimi (@mannyreimi )
I understand have a tokenomic utility, and not sure if this is a dumb question but, will they also be used to govern this protocol?
I am not one to really gamble online, precisely because of trust issues. When FunFair says it has guaranteed fairness because of the blockchain, I sort of understand it means there is some transparency compared to a non-blockchain solution, but ... what does that mean practically for the users? How is the fariness proved to them?
A friend referred me to this project to potentially get involved. After going through the Credits website, I do not understand what is the utility of the $CS coin. With Credits USD and Credits EURO as stable assets, what is the need for volatile $CS?
You may check the ForTube developer docs but I am afraid they are focused on the technical bits and don't do much of explaining the user functionality.
It is also pretty crazy the prices of trying to withdraw the
sUSD from Curve
. Unfortunate, but that is how composability works in practice. If Curve were cheaper, then would be better, and so would Curve if Synthethix minting was cheaper.
This is a stablecoin that is designed to keep its purchasing power not its peg, so in a sense, it is a better-dollar. Albeit, I am myself confused, because at the moment they are meant to be in a peg-maintaining phase, to distribute the coin more broadly. Perhaps, the excessive money printing during COVID-19 has caused it to appreciate, but I am not sure.
Yeah. I am not sure it is the best approach. Users get quite tribal. They start treating different projects differently and that's against the permissionless ethos of Crypto. However, you are right. If more projects make governance participation harder for smart contract - owned GTs, then PowerPool is toast.
Hmm, I think the concept of DeFi aggregators is OK but these days you cannot call yourself a true aggregator and have only 4–5 lending protocols in there. If people want the best interest, then you have to integrate with the asset managers and the liquidity pools as well.
Well, seems, the DAO is dead? Otherwise, I cannot find it, necDAO's promo site links to a space on Alchemy but there are no proposals there. 🤷🏻♂️
There is a
core, however. I think
snapshot.page has some minimal verification or validation of the team. Maybe the DIA team is in the process of setting it up.
Their website is great. I would have preferred some other name like
eosUSD that is more to the point. I understand what they were trying to do but IMHO it doesn't stick.
Well, before you can decide to participate you should decide if is actually fulfilling its promise. It is a big claim to say you will be cheaper and faster than PayPal or Alipay. Up until now, I see no proof on their website that they indeed are. There's nothing there suggesting how much a transaction costs in .
From their governance, it seems like they were going to add a $BTC pool but they are not probably too busy migrating to Solana.
I am looking for a simple way to understand this protocol. It seems to be quite expansive, that is why perhaps it's best to explain it like I am 5-years-old.
Amazing to see this project get to its first $5M in total value locked (TVL) rather quickly.
For security concerns and convenience, people lean towards a certain Bitcoin-on-Ethereum solution over another.
I read about that as well. However, I think that
renBTC had by then already been integrated with Curve
. Curve is well-known for being rigorous (some would say "hard-ass") in collaborating with other projects. Although, I agree would be best if the team responds directly.