Continue to like the pace at which the @BreederDodo team iterates + take user feedbacks. Looking forward to v2.0 with more features. A few additional thoughts on how AMM+ may evolve in the next 6 months:
Protocols need clean roadmaps for both 2C and 2B -- 2C is as in a solid interface for all key functions a degen may need (assuming trading isn't disintermediated), and 2B is Biz Dev for POS + best algo / optimization for aggregators.
I could argue that all AMM would need to become aggregators eventually (with private pools), and vice versa -- for when you worked so hard on CAC for a customer, you don't want them leaving to another venue. The same goes for adding lend/borrow, derivative features as well
Similarly, the "degen"-feature for B2C landing page of AMM+ protocols are severely lacking. I don't want to open 4-5 screens just to track whale movements, their cost basis, what else they own, etc. I want to plug in a ticker @ AMM and know that with good UI / charts.
Whoever becomes "all-in-in" trading platform with solid features to serve all degen-needs + got good order router + toolsets + cheapest cost & L2 scaling + best biz dev for user-touch points (wallets, etc) may ultimately take the crown. It's gonna be heated the next 6 mo.
...you need UI/UX, you need biz-dev, you need good engineers for 2B features + prep for L2 & maybe new chains, you need degens to know features degens want, you need community leaders to grab top projects for fresh-launches, you need good token design. Yeah, it's gonna be heated
I meant "all-in-one"!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Maple Leaf Capital

Maple Leaf Capital Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MapleLeafCap

16 Dec
(0) Since our last report on July 4th, 2020, The #DeFi space and our mental framework had evolved enough to prompt another iteration – a deck about the broader #valuenet and ETH-based #DeFi / #WallstreetAPI. As usual, would appreciate any feedback!

Link: drive.google.com/file/d/1eTuhqn…
(0.5) As #Bitcoin soars to uncharted heights today and hitting sweetest part of adoption S-curve at 3rd to 4th inning, we feel like broader #valuenet + #DeFi concept is barely at top half of first inning. If one is so adventurous, this is likely where the next 100-10,000x is born
(1) @cdixon coined the term “game-theoretic guarantee” for tx offered by L0/L1s (too cogent not to steal) -- this nascent, transparent, market-driven alternative harbors a different cost function vs. the legacy recourse-deterring ones, as seen by the Value-transfer-cost U-curve.
Read 28 tweets
14 Nov
(0) This will be a thread about $DHT, what I deem the prime brokerage /custodian / managerial platform on top of $SNX. While you are at it, if you think you got the chops, make sure to apply to the $500k seed investment to kickstart your fund:
(1) $DHT’s core function very similar to a combo of SS&C, Millennium pod platform, StanChar custodian, and JPM Prime Broker. All the back-end & admin details taken care of, so all a manager needs to do is to generate returns (algo or discretionary)
(2) For any aspiring traders, value-prop is simple – if one has so much alpha, why not leverage that know-how and earn some carry? Those that can, do; those who can’t would just larp / shitpost on youtube / twitter while selling newsletters (you know who you are).
Read 16 tweets
1 Nov
(0) While the progress of L2 is on-going, I think another area within #DeFi is highly interesting today and remains slightly underexplored by buidlers and speculators / investors alike – tools & modularization add-ons ($GRT, $Gauntlet, $KP3R, $GYSR)
(1) In this thread I will give 2 types of directions I see today – (a) B2B type buidler tools like $GRT and $Gauntlet, and (b) process-streamlining / modularization tools like $GYSR and $KP3R. This is not endorsement by any sorts but merely highlighting what’s cool out there.
(2) B2B tools by definition service the buidler community to help them buidl better – and there are 2 areas one can find particularly visible that’s almost blockchain / web3 native: one is faster retrieval of standardized on-chain data, and other being simulation of all sorts.
Read 26 tweets
24 Oct
(0) I’ve been quiet for a while but that’s because the Web3 space today is in serious #buidl mode and I don’t have much to say. Some preliminary thoughts on gov, #DeFi, and CBDC after the past 2-3 months; as usual if I have more time, it’d be more coherent and shorter.
(1) Only users that contribute to network effect of protocol deserves to be rewarded. The pure value provided by a good service (for non-network-effect biz) is good enough for most users, giving them more value-capture is dilutive to protocol value. Most users don’t deserve shit.
(2) Control is needed to retain flexibility in times of shock / need for intervention. #DeFi apps before maturity are not L1/L2 where decentralization is foundational feature. To quote Bo @ Dragonfly, Web2 apps are trains where adjustments to carts & passengers are constant…
Read 12 tweets
17 Sep
Hot $UNI takes
- Initial reaction is dump $UNI into your favorite token across (long best DEFI coins)
- 2nd reaction is long ETH as alts take-profit + buy to farm $UNI.
- 3rd reaction is ETH based farms likely higher yield given ETH goes to $UNI pool (percent & pickle to name 2)
- 4th reaction WBTC getting love w/ $UNI pool = BTC onchain up = accelerated pull from exchange to ETH, bullish $BTC
- 5th reaction new projs launching could weak book build (like $DHT) but could moon post listing w/ profits from factors above.
- 6th reaction is arbs will be everywhere ($AAVE migration, basis trades, etc) due to fund capital constraints. Free money for those w/ capital
- 7th reaction is gas fee is gonna moon, long L2 tokens + gas token as derivative play. Spare stablecoins will get ridic borrow fees
Read 5 tweets
22 Aug
0 - As popularly requested, this will be a thread about $NXM. The token design of $NXM is one of the most elegant I have seen yet. Enough good work had been done by @krugman25, @Darrenlautf, @BatmanDeFi on bonding curves and core mechanics so I won’t repeat here.
1 - $NXM = equity tranche of an Insurance group; despite the “mutual” tag, given buyers of insurance doesn’t need to own $NXM today, feels more like a typical insurance biz. At capital pool of 160-165k ETH and mkt cap of ~900-950k ETH, $NXM InsureCo trades at 5.5-6.0x PB.
2 - 1st thing most need to realize is that $NXM is in persistent ICO / capital raise mode unless (market cap – 3 mm * px) / capital pool <1 (i.e. not raising money when this InsureCo trades below book), which is also coincidentally when MCR % < 100%.
Read 32 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!