1/ IMO, @iearnfinance's DeFi Voltron is the most interesting in thing happening in DeFi right now. πŸ€”

Are these just friendly collaborations like anything else in crypto? Are several semi-closed DeFi Collectives starting to emerge?

A thread on what I call "DeFi Collectives" πŸ‘‡
2/ Is it nothing to think about? Or could it be laddering up to something more profound in 2021 and beyond in DeFi?

One view is that it's an innocuous thing (which could be true, for now). Another is that it'll take competitive strategy and game theory in crypto to a new level.
3/ I wrote a lot about competitive strategy in DeFi this year when @SushiSwap vampire attacked @UniswapProtocol via a fast follower fork. Below is my piece in @BanklessHQ in September about Fork Defense Strategies in DeFi.

4/ DeFi Collectives like DeFi Voltron are really interesting to me from a collaborative and competitive dynamics perspective.

I think it could take competitive strategy and game theory in crypto to the next level... If fork attacks took DeFi from 2D to 3D chess, this is 4D+...
5/ Here are some provocative questions that emerge for me looking at this:

a/ Will we start to see protocols who work together as Collectives close not all but certain things off to others that are competitive (e.g., integration support, docs, roadmap, etc.)?
a (cont'd)/ ...Will they start to give fast tracks, share their roadmaps, or work with only each other on new protocols, tools, products, etc. way in advance, enabling them to out innovate other standalone protocols or other DeFi Collectives?
b/ Will we actually see true protocol takeovers/mergers in the future, where after two protocols' token economies become so integrated, to reduce security risk, or to improve the common user experience, one network and its token is destroyed in return for the surviving one?
c/ Will we see DeFi Collectives come together to build a common, all-in-one UX/UI that enables users to do things more easily across multiple protocols? With that enable users to do many complex transactions in one across multiple protocols?
c (cont'd)/ ...Will protocols coordinate to optimize costs or together further boost rewards across the combined network? Could they build a one-stop shop so that users only go there for everything?
d/ Where do Aggregators fit into this? Will they pick certain DeFi Collectives? Will they be the thing that crosses/connects Collectives? Will they create their own Collectives, or fork the underlying protocols?
e/ It's not a winner-take-all, but still, who wins vs. loses and why? What will be the characteristics of winners vs. losers? Do shared values and culture play a role? What about on-chain social networks/graphs?
6/ My current hypotheses on what will be important:

- shared values and culture
- collective strategy
- owning the relationship with end users
- delivering the best UX (oh hi @IDEOVC)
- crypto social networks

What are others views on this development?

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More from @ianjohnlee

5 Dec
How I learned Solidity programming in a month:

In April during lockdowns, I decided to invest in learning Solidity. Given that I haven't seriously coded beyond HTML in almost 20 years, it was daunting 😨

But it doesn't have to be hard or scary to get started.

Here's how πŸ‘‡
1/ Latest Solidity Documentation

Here's all the latest dev stuff/updates to @ethereum Solidity. I search for things in here a lot when I'm trying to see how to do something very specific. Don't try to read this like a book. Just search for things in it.

docs.soliditylang.org
2/ @udemy Solidity Course

For me this was really great and fun. Starts from first principles and teaches via real smart contract examples. It cost only $14.99 and I did it in 3 weeks very casually. You could do it in less than a week (I have a day job!).

udemy.com/course/blockch…
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12 Jul 19
0/ THREAD: Yesterday, we @ideocolab announced our new Startup Studio to accelerate the world's best blockchain startups, in partnership with over 20 leading organizations and protocols.

In this thread, I’ll share why and how we decided to do this.

1/ First I want to thank @coindesk @DanielGKuhn @pete_rizzo_ and @TheBlock__ @Yogita_Khatri5 @mdudas for covering yesterday, as well as the support from our partners and the general blockchain community.

2/ For many people in the #blockchain and #crypto community, this was the first time they've heard of @ideo, @ideocolab, or the fact that we've been working deeply in the blockchain/crypto space since early 2015 with many of the industry's leading crypto projects and people.
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4 Dec 18
{THREAD} For a decentralized project to succeed, it needs:

1. Team
2. Vision
3. Governance & economic model
4. Plan
5. Capital
6. Service (usable in market)
7. Users

Not enough importance, energy, or discipline has been put into #7, nor how it affects #1-#6. I'll explain how...
1. Team.

Most projects don't have experienced product or design co-founders, or they hire a head of product or design too late.

Like startups today (e.g., Airbnb, Slack, Pinterest), bring them in at the beginning to balance deep tech with user-centric design.
2. Vision.

@m2jr looks for founding teams with "earned secrets," which often come from deep experience in the field working (& seeing pain points) with customers & users at a granular level. Teams & visions should be configured this way. How do we know X should be decentralized?
Read 9 tweets
31 Aug 18
1/ For years, people have been waiting and hoping for crypto's "Netscape" moment. The gateway to the web that brought the internet to the main stream.

IMHO, looking for the Netscape for the #crypto space is not a relevant or applicable analogy. Here's why...
2/ The way people imagine crypto's "Netscape moment" is very literal: as a window, gateway, or browser (just like Netscape) to easily acquire, save, and use crypto and access the decentralized web.
3/ But that sounds a lot like a wallet and exchange, which already exists. And yet, even with these onramps and "browsers" into crypto, we haven't had that "Netscape moment" people are hoping for in terms of mass adoption.
Read 12 tweets
28 Aug 18
Proud to be among a growing list of @UCBerkeley @BerkeleyHaas leaders in #blockchain & #crypto. Pls add others! Go Bears!

@dawnsongtweets (Oasis)
@adamludwin (Chain)
@veradittakit (Pantera)
@MaxFangX (B@B, Dekrypt)
@ronenkirsh (B@B, Dekrypt)
@AshleyLannquist (MOBI, WEF)
...?
@adambsterling (UCB Law)
@douggalen (RippleWorks)
@kristykim1015 (Kinetic)
@chartouche (BitPesa)
Read 4 tweets
27 Aug 18
1/ In the early 2000s, @ideo pioneered a process for venture development referred to as the "3 Circles" of Desirability, Viability & Feasibility (ideou.com/blogs/inspirat…). #crypto has a long way to go across all, but right now it is really struggling with the first: Desirability.
2/ Desirability is the question of "Do people want it?" and asks, what is the unique value proposition? How do people hear about, learn, try, buy, use, love, and share it? What are its functional but also emotional benefits? How is it 10x better than the current user experience?
3/ Iterating to product-market fit requires testing & ultimately proving at each stage of development that all three are true (it's desirable, feasible & viable) and work together. In the early stages of a venture, this means building evidence that they will be true in the future
Read 13 tweets

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