LKMEX is getting a HUGE upgrade soon, with changes to:
πΈ Supply and inflation
π Metabonding Rewards
πͺ Real Yield
π Energy
ποΈ Governance
Buckle up for are read all about the changes below and when you can use the new xExchange!
π§΅
πΈ 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
2οΈβ£LKMEX 2
LKMEX will no longer be transferrable.
You'll be able to convert your LKMEX 1 to LKMEX 2 to
β Earn 2x to 10x Metabonding rewards
β Secure a guaranteed launchpad ticket
π Improved Metabonding Rewards
Holders of LKMEX will automatically earn Metabonding rewards
β No staking is required
β Only LKMEX holders will earn (EGLD stakers will no longer earn - meaning more for LKMEX holders!)
πͺ Real Yield comes to xExchange
LKMEX holders will earn
β 0.10% of all swap fees
β 50% of all energy removal fees
π Energy
Lock your lkmex for 2-4 years to charge up energy to get
πΎ Boosted APRs in Farms
π Boosted APRs in Metastaking
Accrue energy by locking lkmex for 2-4 years.
You can lock again anytime to stay fully charged!
π Wen?
24th November - LKMEX v1 becomes non-transferrable
28th November - Governance vote to transition to v2
8th December - xExchange goes live w/ LKMEX v2 π
Want to learn more? I break down everything about LKMEX 2 and the xExchange in detail in my latest video.
As you form your thesis on $LKMEX consider these factors
πͺ Sell pressure from lkmex unlocking
π οΈ Value of lkmex utility
πͺ Thesis on Metabonding program - # coins, token value
π Value of Metabonding 2x-10x boost
π Value of energy APR boost
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.
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/
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/
$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.
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:
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/