18d •
Liquidity Mining to Launch and Bootstrap new DeFi apps
author: Manny Reimi (@mannyreimi )
LeeKuanJew
LeeKuanJew
#DeFi growth hacker | $PICKLE core team & multi-sig
(more)
3m •
For me, all submitted works feel like try-hard attempts to win free cash.
Where can we see the submitted works?
3m •
Recap: Contest. Hacked. Pickle & Yearn merging forces.
If you haven't seen the latest news, here is a small recap of what happened over the past week in Pickle Finance . 🥒🥒🥒
p.s. Did you notice the impostor in the back? 😏 I think someone is about to return. 😯
3m •
Will $ZAP be used as a governance token?
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?
3m •
ELI5: What makes FunFair provably fair?
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?
3m •
What is the use of the $CS coin?
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?
3m •
ELI5: How would you describe the Force protocol?
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.
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.
3m •
I think this is what brought the decay on the sCRV pool in Curve
. Expensive gas, which probably impacted the perception of usability of as well.
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.
3m •
Why is RSV above-peg?
My brain has been beaming with emotion since I found about you guys. Perhaps that's why I have this dumb question ...
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.
3m •
Good observation, the Curve community has been sort of split in letting other communities have voting power.
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.
3m •
Liquidity Mining for $PLT or $ADD?
What started as PlutusDeFi has now materialized as ADD.xyz! Nice rebranding and re-launch in search of product-market fit.
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.
3m •
Liquidity Mining for $ORN?
I am looking for the tastiest tokens to farm in peace. The value proposition here is both ambitious and doable. The marketing is impressive. However, I found this in the DeFi section so I was hoping it had some way for me to earn the token by providing liquidity. It seems like a project that could use a lot more liquidity. Does anyone know if they are planning to do a liquidity mining program? Even if it were a-la- where it is not really needed, it would definitely boost their presence in the Crypto space.
3m •
Cover for a whole protocol?
I vividly remember the case of Harvest Finance ($FARM) where there was an exploit in the systems, using flash loans, and users collectively lost $25M. I was in another group where they were discussing if cover through Nexus Mutual purchased by the protocol, from treasury, would have covered every user who lost money.
Hope you get credit for this when they launch NexusMutual 2.0
3m •
A year on, what are necDAO biggest achievements?
Hard to keep up with everything happening everywhere in Crypto. I believe it would be useful for outreach for someone from the DeversiFi / necDAO community to list the achievements that were made possible through the launch of a DAO.
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. 🤷🏻♂️
3m •
There is a DIA space on snapshot.page with very few proposals. Seems rather new. They're not using the improvement proposals (IPs) convention found elsewhere in DeFi governance, though. I am not therefore sure this is an officially-sanctioned space or not.
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.
3m •
Is EOSDT a synthetic asset?
I noticed that your coin is backed by EOS (and/or BTC). In this way, it is somewhat different from dollar-based stablecoins in Ethereum. From my understanding, coins like and are actually backed by dollar reserves. What happens if the price of collapses? Sounds more like what Synthetix is doing in Ethereum.
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.
3m •
From what I see from the dForce Whitepaper seems they forgot to include a maximum supply, or emissions logic or guidelines. Perhaps this information is elsewhere.
Yeah, no emissions on Whitepaper that's...
3m •
How can retail participate in the success of COTI?
The COTI website is quite vast and I got lost trying to get some information there.
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 .
3m •
Why is Swerve not adding any more pools?
When this project came out, I was so excited to see a community-run version of Curve. It felt necessary.
From their governance, it seems like they were going to add a $BTC pool but they are not probably too busy migrating to Solana.
3m •
Is there a way to earn $PNT?
Seems in order to earn fees as a validator, one has to stake 200,000 . Is the only way to market-buy the ? Or will the pNetwork have or will launch a liquidity mining program or other incentives program so the community can work for the ?
3m •
ELI5: How would you describe the Force protocol?
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.
3m •
is there a pTokens governance token?
Amazing to see this project get to its first $5M in total value locked (TVL) rather quickly.
3m •
sBTC vs renBTC vs wBTC?
For security concerns and convenience, people lean towards a certain Bitcoin-on-Ethereum solution over another.
3m •
Concerns about Ren and security of renBTC
A few months ago, a controversial article written by a Ren competitior detailed a number of security concerns in other protocols. Naming BitGo and Ren in specific.
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.
3m •
A year on, what are necDAO biggest achievements?
Hard to keep up with everything happening everywhere in Crypto. I believe it would be useful for outreach for someone from the DeversiFi / necDAO community to list the achievements that were made possible through the launch of a DAO.