Daily reminder that the main purpose of crypto is DeFi (including payments).
AI does not need crypto. Memes are fake. Web3 is not a thing: the real thing is Money2
The Curve Finance team and I have been working to solve the liquidation risk issue which happened today.
Many of you are aware that I had all my loans liquidated. Size of my positions was too large for markets to handle and caused 10M of bad debt. Only CRV market on
A reminder that Curve was where I invented:
- Concentrated liquidity in 2020 (that was not uniswap who did);
- Pools with >2 coins (like 3pool) also in 2020 (which Paradigm claims to just have invented);
- Metapools (which Paradigm still did not invent but soon?)
The future holds a million stablecoins. Today's infra isn't ready.
Introducing Orbital, an automated market maker for pools of 2, 3, or 10,000 stablecoins.
Orbital unlocks capital efficiency by bringing concentrated liquidity to higher dimensions.
w/ @danrobinson@ciamac
1/8
$CRV actually does something better than buybacks.
The chart below is a model that compares token buybacks (like many projects do) vs the first of it's kind ve-tokenomics structure that was pioneered by @CurveFinance.
Long story short, it found that ve-tokenomics was ~3x more
In case anyone is wondering, I am committed to building Curve more than ever, thanks to game-theoretical implications of veTokenomics (mostly have veCRV now). Following are the focuses:
- Apply observations to make sure that lending/borrowing products are the safest in industry
The market decided to stress-test @yieldbasis by having BTC crashing faster than anything I had in simulations. According to some reports - it's the biggest crypto crash in history in absolute terms.
So in result:
- @yieldbasis mechanics proved resilience beyond expectations;
-
There are currently many strong proposals for @HyperliquidX USDH. All redeemable and regulated.
But decentralized stables are great (and @CurveFinance crvUSD is the greatest of all)!
So we propose to reserve dUSDH (or anything making sense) for a clone of crvUSD backed by HLPs
