Share this page!

This is a solo Tweet and not a thread. ThreadReaderApp is more fun when you unroll Twitter threads. Learn more about it here.
:(
shivamadan.eth 🦇🔊 Profile picture
Twitter logo
Sep 22 • 1 tweets • 1 min read
Casual alpha drop by @samkazemian

After USD-pegged and inflation-pegged stablecoins, @fraxfinance is now coming up with an Eth-pegged Stablecoin.

One stop shop for everything on-chain finance. Is anyone building better than Frax? Image

• • •

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

Keep Current with shivamadan.eth 🦇🔊

shivamadan.eth 🦇🔊 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 @ShivanshuMadan

shivamadan.eth 🦇🔊 Profile picture
Nov 5
Been getting a lot of questions about yield strategies on FRAX

One protocol I've been looking into is TopGear by @BrahmaFi

It's a single-sided vault that allows users to deposit FRAX in exchange for up to 12.25% stETH yield!

A quick 🧵

(NFA) Image
Organic yields on-chain are scarce ever since the Terra crash

The situation is even worse in the large TVL pools

Yields on some of the Frax Curve Pools are now below 3% Image
On the other hand, liquid staking derivatives on ETH have gained enormous popularity in the recent months

Since the Merge, ETH staking rates have gone up further thanks to the boost of transaction tips as well as potential MEV payments
Read 14 tweets
shivamadan.eth 🦇🔊 Profile picture
Nov 2
(1/17)

It took me 50+ hours to completely understand zkSNARKs for the first time

Now I can explain it to anyone in 10 minutes

A normie's guide to this monumental technology:
(2/17) zkSNARKs have been the talk of the crypto town for the past few months

And they are worth ALL THE HYPE as they can provide:

- privacy on dApps and blockchains
- scalability through zk rollups
- security on layer 1 blockchains like @zcash and @ironfishcrypto
(3/17) But what exactly are zkSNARKS?

The answer lies in the abbreviation

'zero-knowledge - Succinct Non-interactive Argument of Knowledge'

If you also vomited trying to say that out loud, don't worry, I got you!

Let's break it all down:
Read 22 tweets
shivamadan.eth 🦇🔊 Profile picture
Nov 1
(1/15) A ground-up guide to building zkSNARKS, part 2

Proving something without any interaction with the verifier!

Let's dive right in 👇
(2/15) In the first part of this thread, we used an existing proof system, 'Fiat Shamir Heuristic', and made it more robust by:

- Adding a strong ZERO-KNOWLEDGE property

- Making sure that the prover doesn't cheat!
(3/15) But there is still one significant problem with this proof system

Right now the system is interactive and requires Alice & Bob to exchange information

This is undesirable for several reasons like:
Read 16 tweets
shivamadan.eth 🦇🔊 Profile picture
Oct 31
(1/22) zkSNARKS have been the HOT topic of 2022. But how do they work?

A ground-up guide to building this GENIUS technology (part 1/2) 👇

(Spoiler: you don't need a degree in maths to understand this) Image
(2/22) In this first part, we will use previous proof systems and make them stronger

In particular, we will focus on the "Grandfather of zero-knowledge proofs", the Fiat-Shamir Heuristic
(3/22) The only math we need to know is these 2 basic things:

FIRST:

Encrypted (e) messages can be combined with each other without revealing the actual messages:

e(a)*e(b) = e(a+b)

and e(a)ᵇ = e(a*b)

you can get e(a+b) and e(ab) without ever knowing the value of a
Read 24 tweets
shivamadan.eth 🦇🔊 Profile picture
Oct 5
Blockchains are one of the most exciting technologies

But most of them suffer from one major problem:

Scalability

Here's how (and why) Modular Blockchains will 10x the network throughput:
Blockchains have 4 major functions:

1. Execution - Process txs & state changes

2. Settlement - Dispute resolution & bridges

3. Consensus - Order txs & provides finality in the block

4. Data Availability - Ensures all tx data is available
Monolithic blockchains like Bitcoin & Ethereum handle all of these functions on the same layer

This causes a lot of congestion on the network

As the network scales to higher number of users, the congestion gets worse.
Read 13 tweets
shivamadan.eth 🦇🔊 Profile picture
Oct 3
Blockchain scalability is one of the biggest problems in crypto

But one solution is here:

Data Availability Proofs

Here's how it works (and why it's game-changing):
First, let's understand the problem:

When block providers propose a block on the network, they can choose to hide certain txs

There's no way for the network to prove that the data is missing

This is called the Data Availability problem:
"What does this have to do with scaling?"

The Data Availability problem poses a hindrance to most of the existing blockchain scaling solutions

Let's take a quick look:
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 on Twitter!

Send Email!

:(