Pinned
Elijah
6,168 posts
Yield space is one of the coolest AMM invariants: it's elegant and useful + it adds a 3rd dimension (time) to CFMMs. I wanted to dive deeper so made a lil desmos. Feel free to play around w/ it. desmos.com/calculator/gha…
00:00- Why doesn’t everyone just transact in US treasuries instead of cash ?
- 1) We developed an optimization algorithm for @SushiSwap and the results are wildly interesting (as in saving millions of $ interesting). The gif shows the algorithm frame by frame as it searches for and eventually settles on a near-optimal liquidity allocation...
GIF - This story is long overdue. How an Ethereum maximalist ended up in Cosmos and why Ethereum maximalism is stupid :Replying to @spreekawayAs an aspiring equal opportunity fudster myself it makes me sad that even after redacting your point it still ratio’d me It feels like some have lost the plot in exchange for bag pumps
- CoWSwap, 1inch fusion, and UniswapX all push liquidity off chain and rely on centralized intermediaries and trust assumptions for execution quality. Can give a million reasons why this is a weak take.Stop trying to make on-chain CLOBs a thing, we already have solvers/RFQs which is 95% the same thing
- It's concerning how much crypto has failed to actually remove the "middleman"
Replying to @TrustlessStatesomeone trades on Uniswap in 20 years value will not simultaneously go to a builder, filler, wallet, web frontend, L2 sequencer, suave validator, L1 eth burn, L1 mev burn, rollup DAO, paymaster, relayer, trading protocol DAO, AMM LP, 3rd party DA provider, L3, LST protocol, etc - In a new post I explore the parallels between Liquid Restaking Tokens (LRTs) and Mortgage Back Securities (MBSs), in an attempt to inform us on how to avoid making some of the same mistakes that led markets to collapse in 2008.
- Live feed of L2 devs finding out that users care about airdrops and not bridge security
Replying to @pseudotheosYeah, it's getting kinda frustrating There are rollup teams working to securely scale Ethereum and they have a hard time attracting users, and then you have stuff like Manta creating a rollup out of ducktape and attracting a billion in TVL in a few weeks - The L2 roadmap can't work as long as there are only four use cases for blockchains (payments, exchange, leverage, yield) There's no reason you wouldn't just want those four use cases on the same chain. And whoever does this most effectively will capture the most valueThe Ethereum L1 exports ETH the money to L2s where it goes to die peacefully, surrounded by family members kind of like Hospice
- If the @PrimitiveFi launch didn't satisfy your fix of free-range, oracle-free, DeFi derivatives I got some good news for you anon. There's still a lot left to build. A desmos drop on replicating monotonic payoffs👇 maf and explanations: arxiv.org/pdf/2111.13740…
- Vitalik : Don't overload Ethereum's consensus layer *cough* Eigenlayer *cough* Eigenlayer : ETHEREUM ACCELERATION !!!
- DEX aggregators have a major flaw. They rely on snapshots of state that are outdated by the time a route is executed. Since the best routes will always be the first to get arbitraged, there’s even an incentive to deprecate them before the trade gets executed
