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Crypto Texan | Aggregated Profile picture
@Crypto_Texan
Jul 14, 2021 • 6 tweets • 7 min read • Read on X
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1/
14 DeFi Tokens All Wrapped Into ONE

- The S&P 500 of DeFi 📈
- Strict/transparent token inclusion criteria 🤓
- Redeem underlying tokens any time 💰
- Market-cap weighted 🏋🏼‍♂️
- Auto-rebalancing ⚖️
- Socialize transaction costs ⛽️
- Diversified #DeFi 😎

$DPI Thread 🧵 👇🏼
2/
What is the DeFi Pulse Index token $DPI?

The DeFi Pulse Index is a capitalization-weighted index that tracks the performance of decentralized financial assets across the market.

Cool video by @earth_maze
3/
DPI is a crypto index designed to track DeFi’s performance. Market cap-weighted based on circulating supply, DPI tracks projects in #DeFi that show a commitment to ongoing maintenance and development.

@sassal0x explains on @BanklessHQ podcast

4/
Allocations as of 7/14:
$UNI $AAVE $MKR $COMP $SNX $SUSHI $YFI $REN $LRC $BAL $KNC $CREAM $FARM $MTA

Future potential inclusions?
5/

What can I do with $DPI?

LP - @Uniswap, @SushiSwap, @loopringorg

Leveraged LPs - @ImpermaxFinance, @AlphaFinanceLab

Yield Farming - @harvest_finance

Lend & Borrow - @CreamdotFinance

Liquidity Mining - @indexcoop

Collateral Debt Position - @unitprotocol, @SushiSwap
6/

Hoot Hoot 🦉 That’s all!

I’ll see you all at #DeFi Summer in NYC! 🗽

Featuring:
@RebeccaRettig1 of @AaveAave
@dgogel of @dydxprotocol
@lay2000lbs of @PoolTogether_
@mdudas of @TheBlock__

• • •

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Crypto Texan | Aggregated Profile picture

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More from @Crypto_Texan

Crypto Texan | Aggregated Profile picture
Feb 14, 2023
Polygon zkEVM Mainnet is the next chapter of Ethereum scaling

the Mainnet Beta for Polygon zkEVM is set to launch on March 27th, 2023 🚀

we're excited to see what devs and users will build on this powerful scaling solution

all you need to know about Polygon zkEVM 🧵👇
1/ What is Polygon zkEVM? Pol...
Polygon zkEVM is the first zero-knowledge (ZK) scaling solution that is fully compatible with Ethereum

it reduces transaction costs and massively increases throughput, while maintaining the security of #Ethereum L1
2/
devs and users on Polygon zkEVM can use

the same code, tooling, and apps that they use on Ethereum

but with much higher throughput and lower fees

the zkEVM inherits the security of Ethereum L1

ensuring that user funds cannot be stolen
3/
Read 10 tweets
Crypto Texan | Aggregated Profile picture
Dec 27, 2022
now is when the next DeFi primitives of the next bull run will be built 🏗️

what trends should you be looking for?

here is a list of 11 DeFi start up ideas for 2023 as provided by @alliancedao 👇🏼👇🏼👇🏼

1/⤵️
Market-Driven Lending Protocol 💹

price discovery in most incumbent lending protocols today are not entirely driven by the market

but instead by decentralized governance or a mathematical formula with few degrees of freedom

2/⤵️
Bridge Aggregator 🌉

think 1inch for bridges

built to be composable so that wallets can use your bridge aggregator

instead of manually supporting each bridge

3/⤵️
Read 12 tweets
Crypto Texan | Aggregated Profile picture
Jul 18, 2022
here are 8 misconceptions about "The Merge" on #Ethereum that you should know:
1. The Merge will reduce gas fees

false. The Merge changes the consensus mechanism, and does not expand network capacity

gas fees are a product of network demand relative to the capacity of the network

efforts are being focused on scaling user activity at layer 2
2. Running a node requires staking 32 $ETH

false. anyone can sync their own self-verified copy of Ethereum (i.e. run a node)

no $ETH is required. not before The Merge, not after The Merge

there are two types of Ethereum nodes: nodes that can propose blocks and nodes that don't
Read 10 tweets
Crypto Texan | Aggregated Profile picture
Apr 21, 2022
ZK Rollups
Optimistic Rollups
sidechains
hybrid scaling solutions
stand-alone & enterprise chains

all are scaling #Ethereum

but the @0xPolygon ecosystem has, or is developing, its version of ALL these scaling solutions

and $MATIC powers these solutions

pay attention👇

1/⤵️
when users think "Polygon" they think of the Polygon POS chain

they think of Polygon as "a low-cost Ethereum-friendly alternative to Ethereum's Mainnet"

but it is much more than that

it's a toolbox of scaling solutions, and the $MATIC token powers this scaling ecosystem

2/⤵️
Scale & Power - Polygon PoS

achieves unprecedented transaction speed and cost savings by utilizing side-chains for txn processing

PoS ensures security using the Plasma bridging framework and a decentralized network of PoS validators

ok, PoS, but what else?

3/⤵️
Read 10 tweets
Crypto Texan | Aggregated Profile picture
Mar 27, 2022
metaverse & NFT infrastructure is growing

learning from it's DeFi predecessors, $MVI protocols like @NFTX_ are driving TVL and volume

$PUNK used to be the only NFTX vault with >$1M TVL - now look

@FloorDAO aims to grow these metrics further

-How?
-WTF is @FloorDAO?🧵

1/⤵️ Image
what's @FloorDAO? 💨🧹

FloorDAO is a decentralized NFT market-maker

enabling deep, sticky liquidity for it's treasury NFT collections

a bond & rebase mechanism, like @OlympusDAO, attracts productive NFT liquidity

and deploys NFT liquidity in yield generating NFTX vaults

2/⤵️
how does it work?

NFT DEXs, like @NFTX_, already exist and provide instant liquidity for buyers & sellers

NFTX pools together floor NFTs in a vault, which mints a fungible ERC20 token

1 $PUNK NFTX vault token can be redeemed for 1 CryptoPunk in the CryptoPunk NFTX vault

3/⤵️
Read 8 tweets
Crypto Texan | Aggregated Profile picture
Dec 22, 2021
🚨COMING SOON!🚨

The Bankless DeFi Innovation Index | $GMI

@banklessDAO and @indexcoop join forces once again to bring the crypto space a DeFi 2.0 Index!

🚀 how will this be different from $DPI?
🚀 what's the methodology?
🚀 how to get included in $GMI?

let's dig in🧵

1/⤵️ 🚨COMING SOON!🚨 The Bankle...
$GMI seeks to capture the performance of emergent DeFi application themes

$GMI relaxes the inclusion criteria of Index Coop’s flagship index - DeFi Pulse Index | $DPI

$GMI provides exposure to "experimental" DeFi project tokens which are further out on the risk curve

2/⤵️ $GMI seeks to capture the p...
$GMI screens for promising early stage DeFi projects which are not yet considered “blue chip”

$GMI attempts to produce an optimal weighting via the use of a combination of:
- square-root market cap
- secondary market liquidity
- relative token dilution/emission scoring

3/⤵️ $GMI screens for promising ...
Read 6 tweets

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