@ConstanteMx Hey ser, unfortunately I haven't found any good generalist resources.
The best way is just to read up on how different token econ models work and think through their tradeoffs. A @Delphi_Digital sub is very helpful here 😉
@THORChain GOAT token model in terms of pure elegance with built-in security + incentive pendulum @graphprotocol one of the most creative/interesting token models, creating incentives for curation via bonding curves
Centralised stables will be increasingly regulated and restricted. Decentralised stables are the endgame and will grow to become one of the largest verticals in DeFi
I believe $UST is the only truly decentralised stablecoin operating at scale
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1/ Stablecoins have become the backbone of DeFi, with nearly $100b in cumulative market cap
Unfortunately, over 70% of this is in centralised alternatives like USDT and USDC
2/ Centralised stablecoins are IOUs for dollars held in a bank account attached to a legal entity
Not only do users face counterparty risk with issuers, they also face potential censorship by nation states as legal entities can be coerced and bank accs frozen
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)
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(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
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