1) #gm@welovegm, we are witnessing a paradigm shift on how we view social, bonding and connecting people in the web 3 world. In the past few months, we started the #gm movement where we connect people in the metaverse by sending #gm to each other. (#gm, #gm)
2) #gm is a culture shift, bonding crypto people irl. We love to say gm irl now.
3) We’ve been saying #gm to each other on @Twitter so often, imagine a fair launch #gm project where you can claim the #gm token based on your past #gm activities. This is where your @Twitter gm become the social currency and creates an incentive to bond with each other.
4) I wrote a while back on how memeification can drive unique culture, especially in crypto, the meme culture in the crypto space defines who we are. We love #gm
1) My third thread aims to jot down some thoughts on the “conflicting” views that are often presented in crypto’s primary and secondary market. Quoting “A New Era of Financial Market Behavior” by @ashwathbk
2) There are so many misunderstanding elements for primary& secondary investment/trading. Newbies are often jealous about how primary market participants getting 100x ROI with many of them still at their book value which is a useless metrics to chase.
3) They often forget there is a significant opportunity cost component within the primary market opportunities. You might be locking your money for several years and slowly getting them back across the time horizon.
1) Was literally reading this off while this guy posting, so writing a thread to summarize this piece. As I'm also a victim of sandwich attack, I'm always wondering how dark is the forest? It tries to quantify the estimated overall EV for sandwich attacks, liquidations and arbs.
2)Destructive Front-Running: Front-runs txs causing the execution of subsequent txs to fail.
Cooperative Front-Running: Front-runs txs still ensuring the subsequent txs to be successful. e.g. Sandwich attacks.
3) Back-running: Executing a tx shortly after a prev tx, e.g. oracle update txs and within sandwich attacks.
Clogging: clog or jam the blockchain to prevent others from issuing txs.
1) My second thread aims to try to cover some of the “conflicting” views between the crypto native and TradFi. Recently, I’ve seen a wave of #TradFi people joining crypto to start a project. As a #crypto native, here are some thoughts.
2) Firstly, welcome to #crypto and joining the wild east. You will see so many things that can be improved or leveraging the knowledge of TradFi to innovate in this young and vibrant industry.
3) Being a #crypto native meaning I’m forming my view about my life, financial market, and many other things mostly from crypto, although I have a finance background, I started to work in the crypto industry immediately after I graduated from university.
2) #DeFi has experienced tremendous growth over the past year. With a total value locked of more than $100 Billion at its peak across all chains, growing from just over $ 1 Billion TVL roughly a year ago.
3) As the industry continues innovating and building momentum, #DeFi protocols are becoming increasingly sophisticated with their design and mechanisms. Hoping to bring structured products like risk hedging products, financial derivatives to the decentralized financial sector.
1) On AMM vs Orde book for tokenized risk protocols. During this “bear” trend, we are seeing several tokenized risk protocols such as @pendle_fi@element_fi@APWineFinance@SwivelFinance popping up in the market.
2) I believe these tokenized risk protocols could form the basis of the interest/yield rate market for #DeFi, and potentially create a #LIBOR market for DeFi.
3) There were a few proposals in the early DeFi days, such as DIPOR (LIBOR for Open Finance) @TheBlock__ and CIRI (Crypto Interest Rate Index) @MessariCrypto. However, there weren’t enough DeFi infrastructure protocols to facilitate the creation of the #DeFi benchmark rate.