CovDuk Profile picture
Mar 30 14 tweets 9 min read
Here are the top 10 things you need to know about #Stargatefinance

$STG has all been all the hype lately 🚀

I recently wrote a long 101 on #stargatefinance & $STG. Here is the TL/DR

A thread 🧵 👇
1. Crypto is becoming multi chain. However, There does not exist a proper solution for bridging native assets between chains.
2. Current cross chain bridges have a couple of key problems -  they rely on intermediate or wrapped tokens, they can only support a small, limited number of chains.
3. Bridges have had to choose between instant guaranteed finality, unified liquidity and native assets. This is known as the bridging trillema
4. Innovative platforms like Layerzero now allow for consistent, reliable two way communication between chains.
5. Startgate uses this tech to solve the bridging trillema.
6. Stargate uses this thing called the delta algorithm that allows for native pools, instant guaranteed finality and unified liquidity.
7. Stargate greatly increases the efficiency for LPs and is easily scalable. LPs can earn on all incoming transactions, no matter what source chain.
8. Using Stargate, users can swap between chains with just 1 click, without ever leaving their swap's UI
9. $STG is the reserved currency. $STG is backed by fiats, but it is not pegged to any of them. It is backed by a basket of assets.
10. $STG token has no minting cap. But it can only be created from minting/bonding and profit distribution by staking.
11. I hope this $STG 101 tldr was insightful, a retweet would mean a lot!

Read the full 101 here:

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More from @Cov_duk

Mar 30
Here are the top 8 things you need to know about #SecretNetwork

I recently wrote a long 101 on Secret Network & $SCRT. Here is the TL/DR.

A thread 🧵👇
1. Crypto is a world built upon transparency and openness. However, everyone wants privacy and doesn’t want to share all their info.

There is a need for more privacy in crypto.
2. #SecretNetwork is a chain built for data privacy. Through encrypted technology, Secret Network enables smart contracts that keep user data safe.
Read 13 tweets
Mar 29
I got 6+ job offers in 20 days. Here's how I did it.

A thread on getting a job in web3, the value of writing and Twitter

👇🧵
2. I started off in Crypto a few months ago. I only started writing consistently in Feb 2022.

At the beginning of March, I had about a 100 followers and no job offers in crypto.
3. The past two months, I've been putting out a thread or two every single day.

For the first month, I barely got any traction.
Read 14 tweets
Mar 29
Here are the top 10 things you need to know about #THORChain

I recently wrote a long 101 on #THORChain & $RUNE. Here is the TL/DR

A thread 🧵👇
1. The crypto world is becoming multi chain, but multi chain infrastructure is still lacking. This will be key in the coming months/years

2. THORchain is a cross chain AMM. It wants to be the chain exchange that bridges the gaps in the multi chain, immutable world.
3. Devs can choose the chain of their choice and use #THORChain to fuel liquidity from popular chains like ETH

4. THORChain supports native tokens across many chains & fulfills the role of a decentralized exchange
Read 11 tweets
Mar 29
Blockzero Labs 101: The Web3 Y Combinator

Here's everything you need to know about Blockzero Labs, the decentralized accelerator for the world of Web3.

A thread 🧵👇
2. Let’s talk startups & startup accelerators for a bit

Startups are hard. Good Accelerators help quite a bit. Good accelerators provide invaluable social capital, help with strategy, give valuable advice and help startups raise quickly.
3. While a lot of accelerators suck, accelerators like YC have made an incredible amount of impact.

They’ve accelerated multiple billion dollar startups and have a lot of value for startups. YC has had a very successful, proven run.
Read 27 tweets
Mar 29
Here are the top 9 things you need to know about #Avalanche

I recently wrote a long 101 on #AVAX. Here is the TL/DR

A thread 🧵👇
1. #Avalanche is a proof of stake platform (alternative L1) upon which dapps, smart contracts and subnets (custom blockchains) can be created.

2. Avalanche’s unprecedented consensus system allows for 6500+ transactions per second. Transactions are finalized in under a second.
3. #Avalanche was designed with finance in mind. It allows for the easy creation of digital smart assets such as equities, bonds, derivatives, etc, making it one of the best places to build #DeFi
applications
Read 12 tweets
Mar 29
Here are the top 9 things you need to know about #XRPL & #XRP

I just wrote a 25 tweet 101 on $XRP. Here is the TL/DR

A thread 🧵👇
1. Banks are outdated. They’re expensive, slow & and limited. This only becomes worse for for cross border payments. Blockchain tech has a huge opportunity to disrupt this.
2. In late 2012, 3 bitcoin devs creates the $XRP ledger (XRPL) and created a new consensus protocol known as #XRPL consensus (instead of using PoW).

3. #XRPL is fast, low cost, energy efficient and scalable. XRPL has a range of features including escrow and payment channels.
Read 12 tweets

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