• #Web3 games are either an animated front-end on #DeFi or too basic
Why #Music?
• Music industry (similar to Web3) worships values of #equality, progression & #freedom from corrupted systems (Web2 music benefits big players)
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Solution
• #Games need to become sophisticated to allow the gameplay to be enjoyable while making use of #NFTs & real-world item trading
- Leverage #Web3 to create a fairer system for small & medium music artists
$SAMA is in the last stage of a year-long #tokenomics progression
Phase 0 - In-Game Reward (OVER)
• Total supply of $POOP 1 Billion
• 51% - proportionally allocated to the pre-$POOP token holders
• 10% - allocated to the team fund
• 39% - put into the community fund
Kusama is an early and unaudited version of Polkadot
Both networks operate as multichain, heterogeneously-sharded blockchains based on nominated PoS (NPoS)
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While the two are closely related, Polkadot adopts a conservative approach and prioritizes reliability and stability, whereas #Kusama is wild and fast
It is not a testnet but a developmental network that is extremely helpful for early-stage deployment & bold experimentation
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A significant problem associated with #testnets is their inability to test things that require some degree of value, e.g., #governance and stakeholder voting/participation
Such activities are futile as no individual is sufficiently motivated to vote on a #network with 0 value
1/Beanstalk a credit-based algorithmic stablecoin protocol lost $182 m in a flash loan attack on Sunday, April 17th, 2022. The attacker was able to identify and exploit flaws in the governance design that enabled a controlling stake in the protocol.
2/The attacker drained the liquidity pool of its assets and got away with $76 million and BEAN fell about 75% from its $1 peg. So without further ado, let’s dive into the specifics.
3/A lot of people have mentioned this act cannot be classified as a hack or a theft and that it’s simply an outcome of a massive flaw in the governance design. However, I would like to add it was a combination of the following - Flash Loan & Governance Mechanism.
VADER is a liquidity protocol that anchors a slip-based fee Automated Market Maker with the native stablecoin, USDV.
Confused about what that exactly means? Fret not. Let's understand what and how of @VaderProtocol
Or just read the full article here everythingblockchain.substack.com/p/vader-protoc…
@OlympusDAO brought DeFi 2.0 to the fore-front. Liquidity changed from being owned by paper hands and degen farmers (pump and dump) to being protocol owned. While this gave birth to DeFi 2.0, some of the other problems of DeFi still persist.
@VaderProtocol is aimed to bring solutions to some of these problems. It brings the combined features of Terra, Thorchain, and Olympus all wrapped into Vader. Vader Protocol combines Stablecoin anchored AMM, Impermanent Loss protection and Synths with Protocol owned liquidity.