$UNI #uniswap pool subsidies is a defense from vampire attacks.

The problem with the current subsidy is that it comes at the expense of the $UNI holders. Farm and dump is a problem.

My analysis and suggestions for the current situation.

The current subsidy pool choices, Stablecoin - $ETH are fantastic! It serves not only #Uniswap, but provides the deepest liquidity in DeFi.

This pool choice combined with Uniswap's network effect is healthy for the entire ecosystem.
If Uniswap doesn't incentivize Stablecoin - $ETH, then someone else will. It's a competitive environment, compete accordingly.

Incentivizing minor pools turns things extra political and invites quarrelling. I don't think it's a good idea.

Incentivize the most agnostics pool.
One complaint for $UNI holders is that we haven't any cashflow. This is a tricky situation...

The problem with seeking rent from LPs, is that we're barely in the green most of the time. Even a fraction of a percentage taken away would bleed us red!

My suggestion?

For the time being: incentivize the $UNI - $ETH at the same time we continue to incentivize Stablecoins - $ETH. This would give $UNI holders the ability to inflate faster than farm-n-dump.

This is in line with the 2% a year inflation roadmap.
The problem with the above suggestion? $UNI - $ETH LP's can't vote! Being an LP, bearing DOUBLE the risks of the market, stabilizing $UNI prices, we deserve voting power.

A precursor to this proposal, would be to gather the votes needed to allow $UNI - $ETH LPs to vote.

1. Allow $UNI - $ETH LPs to vote
2. Continue incentivization with the addition of $UNI - $ETH subsidization.

Further research:

3. $UNI will have to wait until v3 to review cashflow proposals.
4. $UNI could use a supply sink... $ETH is getting EIP-1559.

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More from @Tetranode

31 Oct
I'd like to research options in prod.
What are some of the reputable ones?

Only requirement: must be onchain.
Something that would allow me to buy the right to buy at X price, or the right to sell at Y price... on-chain
Thanks for the response everyone.
It looks like choices are either @HegicOptions or @opyn_.

A Put allows me to sell at agreed-upon price any time before expiry? Any caveats? Image
Read 8 tweets
30 Oct
I've yet to see a TA chartist, who takes into account FA like 2.0 landing right on top of them
IDK must be psyops
They FUD until they have a gigabag of it
Like Greyscale owning 2% of $ETH
Fudding the entire way down
Read 10 tweets
30 Oct
Radio chatter increasing about #Ethereum 2.0 deposit contract announcement. In response, my TDL:

1. Simply my portfolio, get more $ETH
3. Keep researching $ETH 2.0 validator maintenance

1. Simplifying my portfolio, by descending order:

1st. $ETH #Ethereum - That's what I'm here for. All accounting is measured in $ETH. There is nothing on the market that will beat a combo of TRUE DECENTRALIZED SCALING and EIP-1559 over a five-year horizon.
2nd. $LINK #Chainlink - It powers all of DeFi. It's a chain-agnostic framework, which makes it a hedge against my full weight into $ETH #Ethereum.
Read 11 tweets
18 Sep
Educating neighbors Uniswap accounting 101.

Balances are vectors, and K-value is the product. Fees are additive to the vector.

To figure out fees collected is to figure out the proportion of vectors using K2 vs K1.

#Uniswap $UNI #Ethereum $ETH 🔹️
Now onto the more political aspect of crypto: " $UNI is a wOrthl3ss ToK3N. "

Few understand.
All will horde.
The pure form is simple to explain, the working form factors in many moving parts, including repeated deposits and withdrawal constantly interrupting good accounting.

Nothing motivates accurate accounting more than real money on the line.

Read 4 tweets
12 Sep
AMM LP Accounting:

Volatility buffer is the amount of leeway the ratio can change before IL exceeds revenue.

Unless it's a Stablecoin-ETH pairing, I usually pull liquidity and bail if I see either of the volatility buffers approaching zero.

#uniswap #Ethereum 🔹 Image
In a bull market, I'm actually more worried as an LP about IL than I am in bear markets!

In bear markets, I just sit and collect fees waiting for it to go back up again... bull markets I still get $$$, but IL is devastating!
Stablecoin-ETH from my XP: don't worry about IL, the fees are consistent, volatility favors me, and fees will always catch up or exceed IL on a bigger timeframe.
Read 6 tweets
13 Mar
I'm one of the largest liquidity providers on @UniswapExchange.

My quick assessment of the Thursday the 12th @MakerDAO fiasco.

👇A small thread 👇
1/ MKR holders are responsible for the health of the system. It's 100% our fault and 100% our responsibility to shoulder the debt.

This is skin in the game.
2/ Despite the numerous rounds of audits, there is no accounting for immature design.

That said, we are an antifragile system. Every mistake that doesn't kill us makes us stronger.
Read 6 tweets

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