Developing a cross chain AMM protocol like @THORChain requires world-class expertise in:

- Cryptography/MPC (Multiparty Computation)
- Cryptoeconomics
- Mathematical Finance
- Distributed Computing Architecture
- etc
Many teams have tried to build a decentralized crosschain DEX and failed because it requires a one of a kind combination of skill sets

Launching a Dapp is much different from building a secure cross chain liquidity protocol with its own validator set. The latter is 10x harder
Thorchain ecosystem and community also cannot be forked

The Thorchain team has received requests from the large majority of top L1/L2 projects on how they can integrate with Thorchain

Unlikely they get their lunch eaten

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More from @Rewkang

18 May
1/ DeFi Summer Round 2 - The Game Plan
2/ So you remember the craziness of the first DeFi Summer (or maybe you're new)

How will DeFi Summer Round 2 be different? More Chains. More Incentives. More participants.
3/ How will it start? It's actually already just started - kicked off by our good friends at @0xPolygon

Read 10 tweets
29 Apr
1/ Deep & fully transparent data is a core part of what makes dApp ecosystems so incredible

@Covalent_HQ unlocks this data for all users which is why we were excited to lead their fundraising last summer alongside @1kxnetwork and Woodstock

covalenthq.com/blog/covalent-…
2/ They have since raised another strategic round led by Hashed with participation from Binance, Coinbase and others

theblockcrypto.com/post/99202/blo…
3/ In terms of addressable market, Covalent serves every person, project and blockchain that needs data querying. Since January of this year, they’ve grown from 20 Million Monthly API calls to 142 Million API calls in March
Read 14 tweets
29 Apr
30% probability $CAKE flips $UNI
Would have placed it at under 5% a month ago
- Massive momentum/uptrend
- Stronger marketing/virality/memetic engineering
- Vertical growth in TVL/Volume/Users
- Largely retail holderbase
- Orderbook/flow dynamics
- @PancakeBunnyFin staking yields creating long market bias $ further TVL/Farm reflexivity
Read 4 tweets
25 Apr
Ethereum vs Binance Smart Chain Active Addresses
Ethereum vs Binance Smart Chain Daily Transactions
It's interesting that these ethereum network activity metrics are only just starting to surpass peak of last cycle and growth doesn't yet seem parabolic, indicating that there may still be a lot of room to grow
Read 8 tweets
20 Apr
Broke: BNB is pseudo equity in worlds largest crypto exchange trading $100B+ daily

Woke: BNB is the native asset of BSC, the fastest growing L1

Bespoke: BNB is an index bet on Safemoon and its forks
Charts are only relevant if they imply UP Image
Safemoon is many people’s first experience with DeFi. After they learn about Safemoon, could posit that they start learning about yield farming in BSC eco. Bunny, auto, pancakeswap, etc. non trivial chance that retail hype pushes BNB to flip ETH
Read 5 tweets
15 Apr
What the fuck did you just fucking say about Thorchain, you little bitch? I'll have you know I graduated top of my class in the @THORChainLPU, and I've been involved in numerous secret raids on Uniswap, and I have over 300 confirmed swaps.
I am trained in aping into shitcoins and I'm the top degen in the entire Degen Score Citadel. You are nothing to me but just another bagholder. I will bankrupt you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words.
You think you can get away with saying that shit about $RUNE over the Internet? Think again, fucker. As we speak I am contacting my secret network of rug pullers across the USA and your ETH address is being traced right now so you better prepare for the storm, maggot.
Read 7 tweets

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