Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
michaellwy Profile picture
@michael_lwy
Sep 12, 2022 • 13 tweets • 13 min read • Read on X
Scrolly
🧵⬇️ Crypto loves #trilemmas. I compiled every trilemma I came across related to #blockchain, #web3, and #finance.
Perhaps by addressing the difficult design choices presented in these "tricky triangles", the next killer use case will eventually emerge
michaellwy.substack.com/p/every-crypto…
1. #Scalability Trilemma by @VitalikButerin Image
2. #Stablecoin Trilemma by @TusharJain_,@KyleSamani, @multicoincap Image
3. Alternative #Stablecoin Trilemma by @LucaProsperi Image
4. Decentralized Social Media #DeSoc Trilemma by @0xPolygon Image
5. On-chain credit Trilemma by Lucas Baker, @jump_ Image
6. Blockchain #Privacy Trilemma by Cais Manai from @obscuronet Image
7. #Interoperability Trilemma by @arjunbhuptani, @ConnextNetwork Image
8. #Bridging Trilemma by @ryanzarick, @LayerZero_Labs Image
9. #GameFi Trilemma by @Stepnofficial Image
10. #CBDC Trilemma by Linda Schilling, Jesús Fernández-Villaverde, @haralduhlig from @BeckerFriedman at @UChicago Image
Please feel free to reply to this thread if I missed out on any other trilemma. Read more about the 10 trilemmas in the link below.
michaellwy.substack.com/p/every-crypto…
@matt_levine @AnthonyLeeZhang @Darrenlautf @ChainLinkGod @DefiLlama @defiprime @ChainFeedsxyz @DeFi_Made_Here @LucaProsperi @tuoniaoqkl @crypto_council @EswarSPrasad @nake13 @porounclemao @BlockBeatsChina @CUBlockchain @Blockworks_ @sawinyh

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with michaellwy

michaellwy Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @michael_lwy

michaellwy Profile picture
Dec 3
🧵1/ happy to share my latest article is published in Stanford Blockchain Review (@StanfordCrypto). the article explores a simple question: how does web3 actually increase output?

tldr: it's about
1) Control
2) Liberation
3) Expansion.

everyone is busy so here's a summary 👇
2/ is crypto building something meaningful, or is it just a high-tech casino?

let’s take a step back. most people think of innovation as disruptive: new tech replacing old systems.

joseph schumpeter called this creative destruction. think cars replacing horses or smartphones replacing basic phones. these changes are dramatic, tangible, and easy to measure.

but not all innovation looks like this.
3/ economist ronald coase took a different approach. he focused on institutions which are the rules of the game in society.

institutions reduce transaction costs (the hidden friction in coordination and trust) and enable economic activity.

what are transaction costs? think of buying a house:
Read 13 tweets
michaellwy Profile picture
Apr 16, 2023
1/ One item highlighted in @VitalikButerin's Ethereum roadmap is Distributed Validator.

What is 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝗱 𝗩𝗮𝗹𝗶𝗱𝗮𝘁𝗼𝗿 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 (#DVT) and could it be the next big narrative for Ethereum after Shapella Upgrade?

🧵 A thread Image
2/Since Ethereum’s Merge, we have witnessed the Liquid Staking Derivative protocols like @LidoFinance @Rocket_Pool @fraxfinance flourish.

The rapid expansion of the liquid staking, however, has led to concerns about concentration.
3/ For instance, @LidoFinance and @coinbase collectively control 90% of the $ETH liquid staking market (Lido alone claims 75% of the market). Image
Read 13 tweets
michaellwy Profile picture
Feb 17, 2023
1/ With the recent depeg of @Platypusdefi's $USP and FUD around $BUSD, I dived deep into @y2kfinance, a DeFi protocol on @arbitrum. A thread on the protocol mechanism and the $Y2K token 🧵
2/ One of the roles of financial markets is to transfer risk and allocate it efficiently. But there's a gap in the DeFi world when it comes to hedging against stablecoin de-pegging risks.
3/ Y2K Finance is a protocol on #Arbitrum providing avenue for hedging and speculating on pegged asset risks. Users can manage potential deviation of stablecoins, liquid staking derivatives (#LSD), or other wrapped assets from their expected value.
Read 13 tweets
michaellwy Profile picture
Jul 23, 2022
1/15
Last month there was an interesting DAO proposal on @LidoFinance by @_skozin. The crux of the proposal argues for introducing a Dual Governance scheme, in which $stETH holders will also be granted governing power in addition to $LDO holders.
michaellwy.substack.com/p/ambition-mad…
2/15
In my latest blog, I explore how the Dual Governance scheme resembles the structure of a #bicameral legislature (with specific reference to the U.S. Congress) and inherits the spirit of check and balance to address moral hazards.
3/15
Many parallels between #dual #governance and #bicameralism can be observed: both seek to mitigate the principal-agent problem through better alignment of interests and both seek to limit the power of the governing body by introducing elements of checks and balances.
Read 16 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(