"I think it’s more important what it means in practice. There are 3 main things: transaction cost, usability of withdrawals, and differences in security - in the long term you want the highest security."
"Scaling Ethereum while preserving decentralization and high security is really challenging, so we understood that we needed solutions today and that’s why we went with the Commit Chain."
"I wouldn't feel comfortable putting a large amount of my wealth on ANY of the Layer-2 solutions in the market today. They just aren't ready yet for that."
"The controls we maintain are not fundamental, but are for the bootstrapping phase. The full goal is to get rid of them and that's why we call what we launched today a beta."
"We want to keep ourselves honest; until we're fully decentralized it has to be beta, because my biggest fear is some solution launches and keeps centralized power and that never goes away and the community accepts that."
"We have seen dozens of Layer-1 chains coming along making big promises, creating a lot of hype, raising gazillions, and nothing ever came out of it. We're yet to see a Layer-1 that i could consider self sustainable."
1/ While DeFi options volumes remain small, there is one options protocol that has seen significant growth over the last 4 months - @opyn_.
To start the year, Opyn was doing <25% of on-chain options volume, however it now accounts for >94% of a much larger options volume share.
2/ @opyn_ V2 is a protocol for creating tokenized options products.
Each separate option is minted as an ERC20 and can be traded on any DEX.
Anyone can mint options products with desired parameters such as expiry and strike as long as the underlying product is whitelisted.
3/ @opyn_ is a great integration partner for protocols wishing to leverage options.
Ex: @ribbonfinance vaults utilize yield-generating strategies in which options are sold weekly against the collateral and the premium collected is used to provide additional yields to depositors.
1/ Blockchains like @ethereum can replicate a small amount of data on computers across the world, however their on-chain storage capacity is often limited.
Because not all parts of an NFT can be stored, NFTs often leverage other immutable storage solutions for their metadata.
2/ @Arweave, @Filecoin, & @Sia__Foundation are a few solutions that use their own blockchains as the foundational layer for their decentralized data and app storage solutions.
These networks differ in how the operate, as well as their focus (on-demand vs long-term file storage).
3/ As the future adoption of decentralized storage solutions continues, one key facilitator of growth may be CeDeStor firms – Web2.5 companies that make using Web3 tech easier, whether by providing clean interfaces, additional services, or bundling the various services into one.
Tune in now, or if you can't we'll be live-tweeting the highlights below 👇
"In DeFi, many assets are equity-like ... so you can look at almost any metrics you look at for a business - revenues, margins, etc. but you also you have to look at crypto native things, like community." - @RyanWatkins_
“When you look at the dominance of ETH, it decreased from 90% to 75%. What’s interesting here is other chains are continuously being developed … so I think in the long run we might see side chains that take away from ETH’s dominance” - @RobertoTalamas
1/ @AaveAave continues to be one of the most utilized lending protocols in DeFi.
Recently, their focus has shifted to creating a platform that can serve as a bridge between institutions and DeFi.
Aave Arc, formerly known as Aave Pro, is set to launch “within weeks.”
2/ @AaveAave Arc will provide private liquidity pools to investors, enabling direct access to decentralized markets.
These will be separate from existing pools and require extensive KYC (know-your-customer) due to regulations that apply when offering products to institutions.
3/ @AaveAave Arc is also able to mitigate risk for users by conservatively restricting the initial assets offered.
Although stablecoins are the most utilized assets on Aave V2, USDC will be the only stablecoin offered on Aave Arc due to its heavy regulation and strong backing.