Vanessa Harris Profile picture
Nov 18 β€’ 9 tweets β€’ 4 min read
LKMEX is getting a HUGE upgrade soon, with changes to:
πŸ’Έ Supply and inflation
πŸš€ Metabonding Rewards
πŸ’ͺ Real Yield
πŸ”‹ Energy
πŸ›οΈ Governance

Buckle up for are read all about the changes below and when you can use the new xExchange!
🧡

#MultiversX #Elrond $EGLD Image
πŸ’Έ Supply and Inflation
MEX will be 3x less inflationary!

The supply will be capped, with emissions decreasing yearly to zero in 8 years. There will be a governance vote in 5 years to decide whether to adjust the emission schedule
2️⃣LKMEX 2

LKMEX will no longer be transferrable.
You'll be able to convert your LKMEX 1 to LKMEX 2 to

βœ… Earn 2x to 10x Metabonding rewards
βœ… Secure a guaranteed launchpad ticket
πŸš€ Improved Metabonding Rewards

Holders of LKMEX will automatically earn Metabonding rewards
βœ… No staking is required
βœ… Only LKMEX holders will earn (EGLD stakers will no longer earn - meaning more for LKMEX holders!)
πŸ’ͺ Real Yield comes to xExchange

LKMEX holders will earn
βœ… 0.10% of all swap fees
βœ… 50% of all energy removal fees
πŸ”‹ Energy

Lock your lkmex for 2-4 years to charge up energy to get
🌾 Boosted APRs in Farms
πŸ“ˆ Boosted APRs in Metastaking

Accrue energy by locking lkmex for 2-4 years.
You can lock again anytime to stay fully charged! ImageImage
πŸ“† Wen?

24th November - LKMEX v1 becomes non-transferrable
28th November - Governance vote to transition to v2
8th December - xExchange goes live w/ LKMEX v2 πŸŽ‰
Want to learn more? I break down everything about LKMEX 2 and the xExchange in detail in my latest video.

kavarii.com/play/CONCEPTS-…

#MultiversX #Elrond $EGLD Image
Thanks for reading along!

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More from @technologypoet

Nov 19
The new xExchange and LKMEX 2.0 are almost upon us.

Lets break down 5️⃣ strategies to consider before lkmex 1.0 is gone forever on πŸ“†Nov 24th.

We're got something for everyone, whether you're bullish, bearish or just a simple farmer.

Lets dig in 🧡

#MultiversX #Elrond $EGLD Image
As you form your thesis on $LKMEX consider these factors

πŸͺ Sell pressure from lkmex unlocking
πŸ› οΈ Value of lkmex utility
πŸͺ™ Thesis on Metabonding program - # coins, token value
πŸ”Ÿ Value of Metabonding 2x-10x boost
πŸ”‹ Value of energy APR boost
Also consider

πŸ’ͺ Value of lkmex earning (swaps, energy removal fees)
πŸ‘© What do you value?
πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ What will others value?

Lets get to the 5 different strategies you could use πŸ‘‡
Read 11 tweets
Nov 17
I'd love to hear thoughts from @TeamKujira on this.
Closed source allows risks to hide and fester, even with the best intent.

I started my career working on Windows XP SP2 - The sea-change that brought more secure engineering practices to Microsoft. I've seen some scary things
Had a good chat w/ @TeamKujira about this. Was quite impressed at their willingness to talk through it, and it sounds like they have been open in interviews and other conversations in the past.

Given our conversation, I think they have made a reasonable tradeoff.
Currently in Cosmos the only projects that have been hacked are open source. Now, this doesn't necessarily mean closed source is more secure, but it does mean that open source is also, not necessarily, more secure either - at least in the short term.
Read 7 tweets
Mar 27
What do I enjoy doing on a Sunday afternoon?
Scheming of ways to break proof of stake with a 51% attack conducted by a nation state over a long period (decade) to accumulate through liquidity droughts combined with MAV based attack on a small number of key validators

1/
If a large portion of critical infrastructure is put onto that PoS chain by a nation or corporation, then the entity with patience and determination to mount an attack can conduct economic nuclear warfare.

2/
Now of course the trick is patience, picking the right chain to attack early enough, and avoiding pouring all your own assets into the endeavor which has 'mutually assured destruction' properties for the economic attack. As attackers coins will lose value too.

3/
Read 4 tweets
Mar 27
There is a contention among some on crypto Twitter that Cardano doesn't have a killer app, and the blockchain doesn't distinguish itself in a meaningful ways from newer and more sprightly competitors.

I'm going to share my perspective on what I believe makes Cardano special

1/
This claim was eloquently expressed by @Cephii1 in a recent Twitter spaces. It's worth listening to understand the perspective.

I would've stayed longer to discuss in the Space, but my yoga teacher was going to start class without me. (Priorities)

2/
The basic contention is that Bitcoin (Store of Value) and UST (payments, yield, stablecoin) are both 'killer apps' and have very strong product/market fit. As evidenced by their growth and adoption by multiple players in the industry.

3/
Read 25 tweets
Mar 18
$PRISM from @prism_protocol on $LUNA has one of the most well designed tokenomics of any DEX token I've seen so far.

What makes $PRISM so special, and why do I think it deserves to be considered among the best DEX tokens in defi token?

A short thread 🧡

$LUNA #Terra

1/
$PRISM is the native token of the Prism protocol.
The protocol itself is a novel innovation that splits LUNA into yLUNA (yield) and pLUNA (principle), allowing you to trade and borrow against either principle or yield, with more interesting functionality still to come.

2/
$PRISM is also the pair used for every stake pool, so any swap between assets on Prism will at most require two swaps.

Elrond folks may remember when $MEX was promised to be in a similar position, before plans changed.

3/ Image
Read 8 tweets
Nov 20, 2021
The Elrond team just launched the Maiar Exchange. This is a fantastic opportunity to earn yield by farming without insanely high gas fees.

A few have asked me my strategy for yield farming on Maiar exchange, since there are many ways to go about it.

Lets get started 1/

$EGLD
First, none of this is financial advice. I strongly encourage you to do your own research. Yield farming is extremely risky with a high chance of losses.

If you are unsure how to begin using the Maiar Exchange, I wrote a how-to-guide here:

technologypoet.com/how-to-use-def…

2/
As we consider strategy, there are a few things to note:
1. The price of EGLD and MEX will fluctuate, often independently from each other. This fluctuation affects impermanent loss
2. 40% of the first year rewards will be paid out in the first 8 weeks
Chart by @WesleyBKress 3/ Image
Read 12 tweets

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