Momentum 6 πŸš€ Profile picture
Apr 18 β€’ 9 tweets β€’ 5 min read
A 🧡 about @Momentum_6 portfolio company @MetisDAO, a #Layer2 Ethereum Rollup scaling solution building a highly scalable protocol for next-generation decentralized apps.

Read our article for more info.: bit.ly/3LaRcTz
1/ The Metis team wants to make the creation of Decentralized Autonomous Companies (DACs) and decentralized apps (dApps) on its platform straightforward and easy for blockchain novices. MetisDAO adopts the Optimistic Rollup framework to address these challenges.
2/ How Metis addresses the Organizational Gap: There are a lot of meaningful infrastructure features that differentiate Metis from other L2s. However, the two primary value propositions are centered around the DAC framework and Polis products.
3/ The DAC Framework supports the DAC business model. The DAC framework is like a global company registrar with tools that facilitate the management and creation of DACs. These #DAOs exist and operate on Layer 2, which means on-chain transactions are fast and cheap.
4/ POLIS is a middleware layer focused on usability. Users can register using an email address or @MetaMask at the moment, but the team will introduce more 3rd party registration methods.
5/ The Metis Ecosystem Development Program is designed to help project new ideas & innovations, existing blockchain projects, and non-blockchain projects. A team of partners/investors has been assembled to make this a reality. The following are some of the recent investments:
6/ @BinaryDAO_fi is a decentralized finance primitive that helps users gain exposure to #defi yields and deals through the $BYTE token.

Read our article for more info.: bit.ly/386Mvvm
7/ @netswapofficial, the first native DEX on the Metis Andromeda L2 network. Netswap’s competitive advantage is that it is on an L2 resulting in high transaction speeds, low gas fees, and high scalability.

Read our article for more info.: bit.ly/3uRFJCj
8/ @NeptuneGameFi is a gaming platform that combines #NFTs, DeFi, and #DAO governance. Neptune entered into a strategic partnership with Metis and Netswap to make this a reality.

Read our article for more info.: bit.ly/3JTWfGc

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More from @Momentum_6

Apr 22
@Momentum_6 portfolio company @epnsproject was pat of @harmonyprotocol December 2021 batch of approved proposals.

Find out why the #decentralized communication protocol for #Web3 should be on your radar: bit.ly/3OuRRkF
1/ The following are some of the problems with Web 3:
β€’ Traders must manually check trade or liquidation status
β€’ Token holders aren't alerted of upcoming governance proposals
β€’ Lottery winners and ENS expiration are usually found out with a Tweet

Enter EPNS...
2/ The Ethereum Push Notification Service (EPNS), built on Ethereum, has been dubbed the communication layer for Web 3.0. EPNS solves both notification and communication problems. Image
Read 9 tweets
Apr 2
The truth about Liquidity Pool APRs 🧡

i.e - No, you're not really getting 420% APR and here's whyπŸ‘‡

[1/x]
2/

Yield farms can be quite misleading in how they show APR numbers.

The truth is the APR you actually get when farming is a lot less than the displayed APR.

So why are the advertised APRs so much higher? What are some common traps / sneaky tricks?
3/

If the concept of a Liquidity Pool / AMM is unclear to you, then check out this thread:
Read 17 tweets
Apr 1
Over half a million people watched the clip where Do Kwon says "Terra will be the single largest holder of #BTC in the world besides Satoshi." But almost nobody watched the actual interview. Our interns went to work to summarize this lively conversation

medium.com/momentum6/do-k…
1/ Do Kwon talks briefly about his background and then jumps right into defining @terra_money's mission and strategy for becoming the first truly decentralized global-scale, multi-chain stablecoin. He also explains the biggest issues with current collateralized stablecoin models
2/ @stablekwon goes on to share his thoughts on the current regulatory landscape and his experience working with regulators to find a common ground and a common language, and talks briefly about his disinterest in materialism before giving us a tour of his apartment.
Read 7 tweets
Mar 31
In the most significant #blockchain upgrade in history, the #Ethereum network is moving from a #proofofwork (#PoW) to a #proofofstake (#PoS) consensus mechanism to confirm transaction blocks, known as β€œThe Merge”

Read more and debunk myths: bit.ly/3uQ4RZg
1/ The two major upgrades, PoS #consensus and #sharding, promise to deliver fast transaction times with low network costs without sacrificing scalability, security, or decentralization. #TheMerge is Phase 0 of the rollout of the Ethereum 2.0 improvements this year. Image
2/ β€˜The Merge’ will replace PoW and the temporary split solution with the more energy-efficient PoS consensus layer, the Beacon Chain. Transaction blocks will no longer be confirmed by solving computationally intensive puzzles. Image
Read 7 tweets
Mar 31
GameStarter is expanding its services and we want to spread the word. If you're a game developer working to get your idea or partially built project off the ground and ready for market, @Gamestarter is providing the resources and connections you'll need to make it happen.
πŸ§΅πŸ‘‡ Image
1/ Gamestarter is a game development studio and NFT marketplace as well as #launchpad and #accelerator that is expanding its platform to include full-service incubation, marketing, and promotion as well as coaching and support for game development teams. Image
2/ The team has experience launching dozens of games and can provide support, insight, and coaching in all areas that matter for a game to succeed. From developing graphic designs and social media promotions to partnership recommendations and more. They have the tools and skills Image
Read 8 tweets
Mar 31
How to snag cheap $LUNA and $ETH below market value using @TeamKujira's Orca protocol πŸ‹

Here's an explanation of how it works, and a guide on how to use it 🧢 πŸ‘‡

#DeFi #Crypto #Cryptocurrency #Whales #Terra #TerraLuna #Cryptocurrencies
1/ You already know about setting limit buy orders to scoop up crypto when its market price dips. This is not what this guide is about.

This guide is about a new way to scoop up crypto for a (possibly hefty) discount to its current market price.

Read on..
2/ @TeamKujira's #Orca Protocol allows users to snipe crypto for cheaper prices when borrowers get liquidated. 🐳

This means you could buy $ETH or $LUNA for 10% less than its trading price.

Maybe even 20% cheaper. Or 30%. πŸ‘€

Here's how it works..
Read 18 tweets

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