We've already received a lot of great entries for the #deficonnected hackathon
In case you're still looking for inspiration, I've put together a wishlist of ideas that no one is yet building on Terra (as far as I know)
Thread 👇
(1)Terra name service (TNS)
Human readable names for the Terra network associated to Terra addresses. Essential infra for mainstream adoption
(2) Terra Push Notifications
Allowing push notifications to Terra wallet addresses
(3) Etherscan for Terra - Self explanatory
(4) Data infrastructure on Terra - Making it easy to query data from the Terra blockchain and major dApps (Terraswap, @mirror_protocol , @anchor_protocol ) and create dashboards. Think Graph Protocol / Dune Analytics for Terra
Allowing users to delegate yield to pay for services / invest into projects. For example, users could delegate part of their @anchor_protocol yield to pay for their @Delphi_Digital subscription
(6) mAsset perps/leveraged trading
Allowing users to take leveraged position on mAssets and other Terra assets. Both perpetuals or margin based architectures could work here
(7) Interest rate swaps
Allowing users to sell unrealised yield and speculate on the direction of interest rates. This could be built on Mirror / Anchor to start with and extended as more yields become available
(8) Portfolio management
Allowing users to easily view and manage their portfolio across different Terra wallets. As part of this, it'd also be cool for users to tag wallets they can follow similar to @nansen_ai 's token God mode
(9) DAO Infrastructure
Build governance infrastructure such as Snapshot, Gnosis multi-sig type solutions and other more advanced infra that doesn't yet exist on Ethereum like committee voting a la @joincolony / @OrcaProtocol
Obviously, many of these will take longer than a hackathon to build
Both @Delphi_Digital and @IDEOVC are interested in providing long-term funding / support to strong teams tackling these problems
HMU if you want to discuss these or any other ideas. DMs are open
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Everyone I introduce to the space starts off with 0-10% of their net worth invested and ends up with >50%. Even their cash moves to stables
Other than aggressive regulation, I don’t see anything TradFi can do to reverse this trend
TradFi is a government sanctioned monopoly where:
- one entity (central bank) mints the cash
- a few government licensed entities (banks) intermediate the way this cash is distributed to individuals
Like all monopolies, it’s structurally inefficient
TradFi:
- Highest “risk-free” yield available to most people is <1%
- Riddled with frictions like KYC/AML, awful bank UXs and general lack of innovation
- Your money is custodied by bankrupt banks and seizable by insolvent governments
- Opaque
On November 10th, @Delphi_Digital put forth a proposal for to fundamentally revise @AaveAave's current token architecture
We received incredible feedback from the community and are thrilled to present V2 of our proposal which incorporates much of this insight
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1/ Before diving into our proposal it's important to understand how the current Aave Safety Module (SM) works
The SM is an insurance product which underwrites all risks (SC, oracle and liquidation) for all users of Aave protocol
As an insurance product, it has a few flaws
2/ Because insurance is bundled in with Aave's money markets, it's impossible to compute cover demand, pricing, capacity or how much to pay underwriters
Any new money market added is also automatically insured by the SM, introducing unlimited contagion and systemic risk
1/9 I believe most DeFi credit protocols like will end up creating their own insurance pool underwritten by tokenholders. Why?
🔸Gives governors skin in the game and an incentive to make good decisions
🔸Better product for users who want insurance as they deposit
2/9
🔸Transforms idle market cap into balance sheet, generating fees
🔸Risks can be bundled into products and offered to users based on their particular preferences
3/9 While we believe this makes a lot of sense as a token model, we don't think it is competitive but rather complementary to @NexusMutual
This is because insurance relies on leverage to be efficient and leverage requires diversified, uncorrelated risk exposures
1/ Today, after 1 month of working closely with the @AragonProject team and community, our proposal to buyout $ANJ holders who lock their converted $ANT for 12 months was voted in at a conversion price of 0.044ANT/ANJ ($0.138 at current prices)
2/ This represents an excellent outcome for $ANJ holders who only 8 weeks ago were being forced to sell at 0.015 ANT ($0.05 at current prices)
The price of $ANJ has already reacted, up over 100% in the hours since the vote
3/ While this process has had its share of hiccups along the way, we’re proud of $ANT holders for listening to the $ANJ community, paying a multiple that appropriately reflects the commitment made by $ANJ holders and the upside given up via merging into $ANT