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Jan 22 • 21 tweets • 5 min read
MakerDAO’s gbMKR Proposal

⁍MakerDAO is currently entertaining a proposal to replace MKR with gbMKR for gov. voting. tokens will be lockable in a Voting Escrow, similar to Curve, but more focused on long term gov. participants.
2/2
 ⁍gbMKR would be non-transferable, but could be bypassed with wrapped derivatives like Yearn’s yveCRV vault or Convex’s cvxCRV product. This would give gbMKR holders a gov. boost but no additional economic incentives. They can be added later.
Harmony puts new fund to work

⁍21 proposals have been approved supporting several new products on Harmony. The 1st Algo stablecoin, a new smart contract analytics platform, an NFT marketplace, new P2E games, a perp protocol, decentralized AI, and others.
2/2
 ⁍There’s also some familiar favorites including EPNS, Allbridge.io, DexSwap AMM, and MIM. Harmony has seen some significant adoption recently from DeFi Kingdoms and continues to rapidly build out their ecosystem.
Flashbots Research Post - Speeding Up the EVM

⁍This is only part 1, where they argue the need for a faster and “parallel” EVM, and the approaches to achieve it, and how easier MEV extraction can help prevent economic centralization.
2/2
 ⁍ The Flashbots people have been analyzing MEV since its discovery and actively deploying solutions to contend with this “necessary evil” in the fairest and most transparent way possible. We support the team, their research, their efforts, and their giant brains.
🐦Twitter takes🐦

Too Soon?
Not your average dump
OnlyNukes?
For those seeking a stable relationship
Popularity Contest
Change of plans, kids
The devil you know…
Relationships Get Complicated…
In retrospect, maybe it was a little unsustainable
Bezos never sold the bottom
Buyer of 3rd world resort
Time to pull out the emergency memes
I was just kidding, please send money
Culture shift
This is a bit weird

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More from @Momentum_6

Momentum 6 🚀 Profile picture
Jan 24
It isn't clear to everyone why #DeFi is better than TradFi.

Sure, bringing financial services to #crypto is cool - but why is it better?

In this thread, we're going to explore the benefits of trading stocks using @mirror_protocol to illustrate the power of #DeFi 🪞 🧶 👇 Image
1/ Mirror Protocol (@mirror_protocol) allows you to trade stocks the same way you trade cryptocurrencies in #DeFi 🪞

You can

– Buy / sell synthetic stocks (called "mirrored" assets) on a DEX.

– Farm them for yield (long or short) just like with any other tokens. 👨‍🌾
2/ Now why anyone would want to do that instead of just buying #stonks on @RobinhoodApp?

It's easy to understand why 19% interest in @anchor_protocol is better than 0.5% in a TradFi savings account.

But why #DeFi stocks over TradFi stocks?

Here are some reasons 👇
Read 15 tweets
Momentum 6 🚀 Profile picture
Jan 21
Getting to other chains early is key to success in #DeFi. The best yields are not on the biggest chains.

Bridging $ can be intimidating, confusing and expensive.

Here are the best methods we've found to bridge assets from / to any chain 🧵 👇

$SOL $MATIC $NEAR $FTM $LUNA $ONE
1/
For some background info, EVM chains like $ETH, $AVAX, $FTM, $MATIC, $BSC, $ONE, $AURORA are compatible with @MetaMask.

Non-EVM compatible chains include:
- $LUNA
- $SOL
- $ATOM
- $DOT
- $BTC

These chains can not be used with Metamask, you need different wallets.
2/
1. From a centralized exchange

Using a centralized exchanges like @Binance, @kucoincom, @gate_io etc is often the easiest way to bridge assets.

They allow withdrawals between many chains, and you can swap tokens without gas.

See @shivsakhuja thread:
Read 15 tweets
Momentum 6 🚀 Profile picture
Jan 21
💊M6 Daily Bullets💊
📅Thursday - January 20th📅

FairSide Network makes crypto Insurance work
twitter.com/fairsidenetwor…
⁍FairSide sets the standard for crypto insurance by offering some key differences, like cover on different chains and one membership covering all of your assets
2/2
 ⁍They’ve also give careful consideration to Incentivising users with “tribute fees” and governance rewards based on your conviction score, as well as skipping the lock-up period for stakeholders. IBO coming soon.
Betswap.GG launches on Sushi
medium.com/@Betswapgg/bet…
⁍Betswap is a sports betting exchange that recently received a large investment from Wonderland Finance and others to bring on-chain sports betting to Sushiswap and will be live on ETH, FTM, and AVAX (to start).
Read 15 tweets
Momentum 6 🚀 Profile picture
Jan 19
💊M6 Daily Bullets💊
📅Wednesday - January 19th📅

HiddenHand Marketplace is [Redacted]

⁍Their bribe marketplace “allows protocols with vote-escrow tokens to access a marketplace that lets others bribe their token holders to vote for their best interests”
2/2
 ⁍This new marketplace can help any DeFi protocol get more value for their own holders, while creating new revenue streams for BTRFLY holders. This will be permissionless, allowing any protocol to create a bribe market. The team is working to have this running by February.
Very Valuable Secrets

⁍Secret just announced it’s $225m Eco fund being deployed to expand SCRTs application layer, tooling, and infrastructure and a $175m accelerator pool that provides capital, grants, and ecosystem incentives to increase user adoption.
Read 16 tweets
Momentum 6 🚀 Profile picture
Jan 19
💊M6 Daily Bullets💊
📅Tuesday - January 18th📅

L1 war crimes

⁍ETH’s inability to scale fast enough has left the door open for alternative layer 1’s to step up and absorb marketshare. This is a great breakdown of the differences between these networks.
2/2
 ⁍All the different approaches to scaling are covered. From SOL’s High performance that can challenge NASDAQ, to AVAX’s subnets and NEAR’s sharding, it’s a great thread to get informed and help wrap your head around this narrative.
If the rotatooors aren’t coming, ATOM will just hype itself

⁍Osmo has amassed $1.3b in TVL without having a bridge. With Gravity Bridge now live and Evmos coming soon, there’s hope that more users will finally pile in to one of the most flexible chains.
Read 22 tweets
Momentum 6 🚀 Profile picture
Jan 15
💊M6 Daily Bullets💊
📅Friday - January 14th📅

Platypus Beta launch is live

⁍Liquidity mining is live with very attractive APY on stables, and you can boost it by holding enough vePTP.
2/2
 ⁍Platypus is another protocol recognizing that voting escrow economics combined with reasonable liquidity mining incentives creates solid, sustainable protocol growth.
Evmos busts on the scene with some proper tokenomics

⁍Evmos is bringing EVM compatibility to Cosmos and is expected to be live in a few weeks. They’ll be demonstrating their best version of equitable distribution of value across the entire tech stack.
Read 19 tweets

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