Growth lead @Holdex — hacker & UX guy 🇻🇪. Making the home of Crypto bigger and better everyday!
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.
The interface looks sort of like InstaDapp. There are a lot of "amalgam" protocols, so to speak. Not sure if this is one of them. I do agree with the sentiment that the materials out there are not really clear.
Amazing to see this project get to its first $5M in total value locked (TVL) rather quickly.
The team may be having something on the works but may first be waiting to see in which protocol do their cross-chain assets become more used as they are also in EOS , for example.
It seems as if is minted via liquidity mining. I would have thought intuitively that in order to fulfill the PowerPool mission, would be minted when other governance tokens (GTs, as they're called in PowerPool) are provided to the protocol. Kind of like a token set.
I'd worry more about certain protocols like Curve which are over-zealous of their governance and have mechanisms to block collective voters like PowerPool.
The team mentions that they were building the oracles for a derivatives exchange, and that once they were done, they knew they had "something special" and decided to go with the oracles than with the derivatives exchange.
Ha Ha you are right it is a really captivating reason. However, the technical differences between $LINK, $TRB, , , and others elude me. I'd rather let the team answer this themselves and hope they do.
My brain has been beaming with emotion since I found about you guys. Perhaps that's why I have this dumb question ...
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.
Maybe this is already in the making but a confirmation would be great. Monolith is currently available in the UK and the EU. Other providers like Wirex have expanded into Asia–Pacific. Correct me if I'm wrong but I believe, at the moment, there is no other interest-bearing account with a Crypto credit card that is issued widely to people in the region.
I can see you manage the liquidity mining for $DF in stages (from looking at your Medium page). Do you have an emissions schedule? Perhaps not a sort of table with an exact promise of emissions but is there a set amount of $DF that is going to be given as liquidity mining rewards? Or, a deadline when $DF will no longer be handed as liquidity mining rewards?
Don't get me wrong, I love your waifu-heavy marketing.
This also really puzzled me. I understand the language barriers with certain big markets like the "CJK" – China, Japan, Korea – and Russia, as well as sometimes Latin America. This can lead to success stories in both the centralized and decentralized worlds (basically 99% of exchanges and wallets out there are forks of some codebase marketed to a local audience). The thing is, I notice markets quite heavily in English. Therefore, surely there was a deeper reason for forking , particularly so early in the life of the protocol.
Well I hear your point but I would have to disagree. If they could’ve stopped it, they definitely would have.
Alex, which one is no.1? Now, I am curious. Is this data also from the Cambridge study?
Hi there! I'm trying to wrap my head around the different "swaps" — Uniswap, Sushi, etc.
My understanding is that Uniswap and SushiSwap and countless other clones function on the automatic market maker (AMM) model which is based on a constant product formula to make a pool. This, traditionally, has not sat well with market makers because of impermanent loss (IL). However, in Ethereum, due to high transaction fees, operating a fully on-chain orderbook DEX was going to be a very slow, very expensive proposition. AMMs are cheap. With Uniswap proving the AMM model at scale, we can now see that retail is willing to take on IL as normally they wouldn't get to market-make as that is a sophisticated and competitive financial service.
According to a (study by the Cambridge Centre for Alternative Finance){https://insidebitcoins.com/news/cambridge-study-shows-100m-people-worldwide-use-crypto-based-assets} there are 100 million people across the globe currently holding some crypto asset. In 2018, a similar study by Cambridge found only 35 million people were holding crypto assets. This is a 189% increase in the number of users in 2 years.
I think you are right, Alex. Very well put.
Do fit into this list? The request originates from this tweet
That sounds interesting but also a bit confusing. So, it looks like OGN is a rewards token the user can also use for payments inside Origin apps, which are e-commerce things. Whereas OUSD is some sort rebasing-yieldcoin. Maybe at some point, if the Origin team is migrating to DeFi, they will launch a governance token for the but at the moment we wouldn't add OUSD for the same reason we wouldn't add BUSD, HUSD, or the gazillion other stablecoins without decentralized issuance and governance.
Great tokens here! What about the original governance token of @compoundfinance? And what about @chainlink $LINK?
Need to add for sure.
Do you define stacking as a Defi thing?
Did I miss the second part today somehow? Looking everywhere but can't find it.
Howdy! I was reading an interesting article on Medium by IntoTheBlock about a possible trend seeing traders moving to lower risk environments and away from governance tokens.
As the author pointed out, the TVL numbers are still going up in DeFi. I am not sure the Historical In/Out of the Money considers the yield users receive as lowering their entry point in the positions. Maybe the indicator could use some tweaking to adapt to DeFi.
Hi! I came across a proposal for Proof of Commitment on mStable forum and I really feel like something worth discussing here.
I think a lot of users confuse capital cryptoassets, like MTA, with currency like commodity-money BTC and utility-money ETH. Inflation is a monetary concept. The relevant concept for capital is issuance. Maybe Proof-of-Commitment is a wonderful technical solution, but it is focusing on the wrong issue.
Hi Manny, like I wrote before here in Holdex, I'm new to DeFi and I have to say that your guide really helps. It's clear, entertaining to read and informative enough to get a beginner going. I often communities on other channels going "advanced" very quickly, leaving little space for newbie' slow pace. I think projects should soon start utilizing a new channel — like Holdex maybe — where beginners get warmed up without getting lost in the usual mayhem (yes, I'm talking about Telegram hahaha).
Thanks for your kind words, JaGiC 😉. I've got to say it is like apples and oranges. Surely, lots of projects have a Telegram. It's a great way to stay connected, maybe raise an issue. I would say it is not a great channel to learn anything. Teams should know the limitations of their tools and channels. I hope it's only a minority of teams trying to do everything in Telegram (or even in Discord, which is a better chat option), but certainly, I've seen many teams overdo it.
Super packed but love it. Love the new explanations. It easy to follow how the token circulation in a specific protocol.
Same as everything. Most people in the stonks also buy and and don't know the first thing about electric cars or e-commerce – they don't even know those stocks pay dividends, they just look at the price charts. 🤷🏻♂️ The point isn't much about the beliefs of the normies, but that the more savvy users understand they are participating in improving their lot, due to potentially increasing protocol fees and profitability.
Ha Ha so gangsta.
Hi! To start it big kudos to Banano for combining solid work (check out their roadmap on the website) with a casual and fun vibe that, let's admit it, we all love!
Hey, love it. I have mine and already quite fond of it!
Hi discipulus. Check out this review and beginner's guide to Uniswap . Any question you have, you can ask it there as well. Cheers.
i would like to know more about defi and how can i get started
We are releasing a few more videos and putting out DeFi articles into a collection. Do you hold some Crypto at the moment? Depending on what you own and your goals, there will be different options.
