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Governance track is about to start in B10! #Devcon5 
Lane Rettig kicks it off with an overview of governance
Coming up: we've got over 10 amazing speakers from the blockchain ecosystem to explain what governance means for their projects:
1/ Stablecoin panel @ #devcon5 with @MakerDAO @paradigm and @rDAI_dao
A thread on #DeFi risks and opportunities (not investment or legal advice)👇
A thread on #DeFi risks and opportunities (not investment or legal advice)👇
2/ DeFi has many risks. Smart contract bugs, interdependencies across platforms (ie Compound, Maker, InstaDApp), centralized oracles and blurred lines between collateral types (USDC ! Censorship resistant)
3/ But #DeFi is an elegant system where assumptions and activity live onchain. This perfect information collapses information asymmetries and reduces principal agent problems. We can also price risk better. It incentivizes market participants to keep the system in check.
Are you in Tokyo ahead of #devcon5? Come hang out at Grow Open Source Day and listen to me complain about the problems which continue to limit the growth and proliferation of open source eventbrite.com/e/grow-open-so…
Incase you're curious, here are the slides I presented! I'm delighted that I was able to spark some difficult conversations (and disagreements) about what it means to be responsible for different issues relating to open source sustainability
docs.google.com/presentation/d…
docs.google.com/presentation/d…
The most interesting insight came from a discussion with @coderberry, that ultimately responsibility lies on both the maintainers of code (to manage user expectations) and users of code (to gift either time or value back to maintainers, in good faith, to sustain the projects)
1/ I can't believe it's been this 3 years already. the @uport_me team won a prize after launching the first version of our Self Sovereign Identity wallet at DevCon2 on #ethereum complete with social recovery using proxy contracts, wallet connect like QR codes and gas funding.
2/ Our focus is still on Self Sovereign Identity for #ethereum, but we've learnt so much since our first experiment back then.
Here is a diagram of our original architecture...
Here is a diagram of our original architecture...
3/ Most importantly the key to safely build #identity on a blockchain is to actually use as the #blockchain as little as possible.
Ideally a good identity solution for blockchain applications provides an off-chain method of linking together on-chain interactions.
Ideally a good identity solution for blockchain applications provides an off-chain method of linking together on-chain interactions.
Whoa @ETHBoston, what a weekend! So many amazing teams built killer #DeFi projects using UMA synthetics.
Want to hedge DAI breaking the peg? 🦢SwanDAI did that with a token.
Want to hedge your @compoundfinance rate risk? SUMA did that with a token.
More dets + highlights:
Want to hedge DAI breaking the peg? 🦢SwanDAI did that with a token.
Want to hedge your @compoundfinance rate risk? SUMA did that with a token.
More dets + highlights:
The 🦢SwanDAI team won our $3k DAI bounty for most creative use of an UMA synthetic token. The project combined financial engineering + data science to create a token that pays off if DAI breaks its peg, providing DAI uses a useful form of insurance.
devpost.com/software/swand…
devpost.com/software/swand…
Do you want to "lock in" your 9.7% DAI supply rate on your @compoundfinance loans? SUMA created an innovative token to lock in current rates **effectively creating an interest rate hedging tool** for DAI. You can now "bet" on Compound rates.
devpost.com/software/suma
devpost.com/software/suma
