1/ "The goal is to transition to an active piece of IT infrastructure, empowering the document to communicate with external resources such as data feeds, payments infrastructure, ERP, and CRM systems" -@tgonser, founder of @DocuSign

A #Chainlink thread 👇
artificiallawyer.com/2020/10/23/doc…
2/ Refresher on #DocuSign crumbs

In 2003, Tom Gonser founded @DocuSign and made e-signatures the industry standard for legal contracts

In 2019, Tom joined @Chainlink as an official advisor to the project, and gave a legendary talk with Sergey
blog.chain.link/sf-fireside-ch…
3/ Tom understands the value of smart contracts and the importance of secure oracles to connect these contracts to real world data, events, and payments

Take a listen for yourself


In fact, DocuSign has been interested in smart contracts since 2015
4/ Both #Chainlink and #DocuSign are members of the @AccordHQ Project 👀

Accord is a consortium of some of the largest law firms and created a framework for legal smart contracts

DocuSign already stated their smart contracts will need an oracle solution
5/ Also of note, Accord was created by @ClauseHQ, a smart contract platform funded by @DocuSign in 2019

Ultimately, DocuSign aims to do for smart contracts, what they did for e-signatures

Bring it to the mainstream and push it to become the global industry standard
6/ The implications of this cannot be understated

Contractual agreements and business itself will be changed at the DNA level

Know what's even better? Legal smart contracts are just yet another vertical for the #Chainlink Network to power

$LINK

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More from @ChainLinkGod

3 Oct
1/ Creating Definitive Truth, a thread giving insight on Sergey's recent presentation at #SmartCon 2020 covering how @Chainlink generates definitive truth about the real world, the acquisition of deco.works from @Cornell, and much more

#Chainlink $LINK
2/ It's key to understand the importance of definitive truth, the indisputable state of reality

Without it, you have information asymmetry, disproportionately benefiting a select group who have access to privileged information

In essence, definitive truth is data you can trust
3/ Blockchains generate definitive truth about on-chain data

This is achieved with an immutable ledger that cannot be tampered with or manipulated to benefit any one party

Each block in the chain has a cryptographic hash of the previous, creating indisputable definitive truth
Read 24 tweets
17 Sep
1/ Yes, 1000% agreed @StaniKulechov! I don't think people realize how huge this really is

Being natively blockchain agnostic means #Chainlink is also Layer 2 agnostic as well!

No matter where #DeFi moves, it will continue to be supported by highly secure and reliable oracles 😎
2/ Chainlink oracle networks operate at the speed and latency they do because of the limitations of Ethereum L1, not because of any limitations of Chainlink

Ethereum L1 is simply where all the demand for external data currently is

But as #DeFi moves to Layer 2 solutions...
3/ Chainlink will already be supporting those new environments!

Optimistic/ZK Rollups
Plasma Sidechains
State Channels
Other Blockchains

Price feeds on L2 would be able to update nearly instantaneously, need a price feed with 0.001% deviation and 1 minute heartbeats? We got you
Read 4 tweets
16 Sep
I've just exited all my yield farms, the risk adjusted returns just aren't there anymore

For good yield you now have to deposit into pool2 (lol no thanks), be the first to hear about a new crop and ape in (rugpull risk), or stick with pool1 for a measly 100% APY (not worth IL)
It was inevitable that these foodcoin ponzis would come to an end, however if you know how to play these games right (as I've taught), you should be well in the green by now anyways

I'll still be on the lookout for new crops, but as things die down, lower your risk, not raise it
As time goes on and yield continues to drop, the rugpull risk will continue to rise, lowering risk adjusted returns even further

Find out who the suckers are, because if you don't, you're probably the sucker who will get left holding the bags
Read 4 tweets
11 Sep
Questionnaire thread for farmers👨‍🌾🌽

If you're currently yield farming, what does your daily ROI look like?
Are you farming stablecoins and/or DeFi tokens?
Do you keep your farmed tokens and/or immediately sell them for profits?
Read 5 tweets
8 Sep
is now partially backed by TWO centralized stablecoins and

, the largest non-stablecoin ERC20 token, has yet to be added as collateral

Tbh, I just skip a hop and use and directly without having to deal with peg issues 🤷‍♂️
I'd love to use as it objectively offers more utility of via zero slippage synth swaps, but the liquidity and peg stability just isn't there yet

Decentralized stablecoins in general are just difficult to scale up without peg instability and low quality collateral
I'm bullish on DeFi innovation though, so I believe this is only a temporary stepping gap

Decentralized stablecoins will become the world global reserve currency
Read 4 tweets
7 Sep
An inconvenient truth regarding @SushiSwap and @BandProtocol

Total coincidence, but they switched hosting services anyways... Uhh what

>we did this to avoid any further confusion

Yeah okay makes total sense Image
This is on-top of all the other circumstantial evidence that has been found ofcourse

If Band is so innocent, why are they acting so damn guilty?
First they said the Band CTO had no "official" connection to Sushiswap

Well that was a lie they already backpedaled on

They can't even keep their own narrative straight "
Read 4 tweets

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