@dfinity is focused on building the “Internet Computer”, a blockchain network aiming to expand the functionality of the internet.

It aims to build a decentralized, scalable cloud-like platform that can store data, perform computation, and support community-driven governance.
The Internet Computer (IC) is focused on building an open-access internet.

Internet Computer Protocol (ICP) takes the TCP/IP concept one step further via a public compute platform so devs, enterprises, gov agencies can deploy software/services directly to the public internet.
The @dfinity Foundation currently has nearly 100,000 academic citations and 200 patents.

+ Dfinity is one of crypto’s most well-funded and publicized projects
+ Mainnet launched May 7, token is slated to launch May 10
+ It has raised the most non-frozen funds at $160m to date
Read the full deep dive on @dfinity from @asiahodl and @WilsonWithiam messari.io/article/an-int…

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More from @MessariCrypto

11 May
@AlphaFinanceLab was off to a strong start after its launch in 2020. Then it suffered a flash-loan exploit, derailing momentum.

With the re-launch of Alpha Homora v2 on the horizon, we revisit Alpha's brief history and look into the future.
@AlphaFinanceLab is a research-based DeFi incubator. Alpha Homora products feature:

+ Leveraged yield farming protocol
+ Stablecoin lending market for us on Ethereum
+ Leveraged yield farming concept to Binance Smart Chains
Upon launch, Alpha Homora was an immediate success, with TVL that grew from $190m in Jan to $1.26b as of February 12, a 6.7x growth in a span of two and a half months. Image
Read 4 tweets
22 Apr
Simply noted, DeFi is booming.

In Q1 2021, DEX volumes went parabolic reaching over $217 billion this quarter, up 236% from Q4 2020, and a whopping 8,012% from Q1 2020.

@Uniswap led the pack, with a few following behind

+ @PancakeSwap
+ @SushiSwap
+ @CurveFinance Image
The biggest winner overall in the DEX category?

+ @PancakeSwap

In lieu of the BSC boom in Q1, PancakeSwap grew its market share from 2% to 37% in the quarter. Image
Q1 also saw new DEX expansion...

+ @PancakeSwap becomes one of the largest DEXs by vol
+ @SushiSwap reached peak of 24% market share
+ @Bancor resurgence with V2.1 launch
+ @THORChain cross-chain liquidity protocol goes live
Read 4 tweets
16 Apr
Our @Bancor profile is updated with the latest on the platform and its native $BNT token

Bancor is a unique decentralized exchange (DEX) that uses $BNT as the common price token to fulfill pair trades among users and liquidity pools for hundreds of Ethereum + EOS tokens.
Consensus & Emission:

$BNT supply is elastic with Bancor V2.1. The protocol matches liquidity pool token deposits with minted $BNT and burns $BNT when tokens are withdrawn. Users’ $BNT deposits replace minted $BNT to control inflation.
$BNT launched on 6/12/17 in the largest ICO at the time - $153M

The initial 79.3M $BNT supply was allocated to:

50% - ICO Participants
20% - Project team, contributors, investors
20% - Bancor budget
10% - community development
Read 8 tweets
15 Apr
In March, Uniswap did over $35b in volume, accounting for over 50% of total DEX monthly volume.
TVL reached an ATH over $4.7b, comprising almost 10% of the ~$48b locked on all DeFi-related platforms.
Uniswap V3 (slatted for May 5) will further improve DEX functionality in a variety of ways.

+ Concentrated liquidity: the ability for liquidity providers to make markets within customized price ranges, creating individual price curves.
Read 6 tweets
14 Apr
Cumulative NFT sales surpass $1.1 billion in Q1 Image
Total Q1 NFT marketplaces sales exceeded $350 million with a strong portion coming from crypto art marketplaces like

+ @withFND
+ @SuperRare
+ @opensea
+ @ourZORA
Top NFT projects produced > $750m in secondary sales volume, with $350m in sales in both Feb and March, showing strength in continuous demand past initial purchase.



In the top 15 players, @nbatopshot took a clear lead MoM Image
Read 5 tweets
26 Mar
RAI is a governance minimized non pegged stablecoin.

It is an attempt to create a more trust-minimized version Dai not pegged to the dollar.

It is solely backed by ETH and stabilized autonomously using a PID controller.

1/
At a high level RAI is similar to Single Collateral DAI (SCD).

It is an overcollateralized debt position for users that demand ETH leverage.
Users can open this position by depositing ETH into a SAFE (similar to Maker’s vaults) and minting RAI against it.

Users can redeem their collateral by paying back their RAI plus a borrow fee.

RAI’s token FLX is used to govern and backstop the system.
Read 9 tweets

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