Middle Curver Profile picture
Feb 1 10 tweets 6 min read
1/ @carbondefixyz (by @Bancor) are introducing the concept of Asymmetric Liquidity on chain.
Here are some cool stuff you'll be able to do with that🧵
#DefiAlpha
2/ Asymmetric Liquidity is a new form of on-chain liquidity.
It's like the concentrated liquidity concept of Uni V3, only with the option to choose a direction (buy only/sell only).
3/ Instead of providing liquidity to a single curve that trades symmetrically in both directions, users provide liquidity to 2 curves, each trades in one direction, giving more control.

Here's a great video explaining this concept:
4/ Each user contributes their own adjustable bonding curve to carbon, which aggregates all of these curves into a single
continuous function.
5/ Carbon aims to unleash trading and active market-making strategies in DeFi that have historically only been accessible in CeFi, and position DeFi as a true challenger to traditional centralized finance.
6/ Some examples of use cases and strategies:
✅Limit order.
✅Buy low, sell high strategy.
✅Average-In Order (DCAing inside a range).
✅Token Distribution for projects, which want to sell their tokens to the market for a specific price range.
7/ Another interesting aspect is mitigation of MEV, and more specifically "sandwich" attacks, where a genuine transaction is sandwiched between 2 transactions of the attacker.
8/ When using Carbon, the second transaction made by the attacker will potentially happen on another curve, and therefore under vastly different conditions, making this particular attack vector no longer profitable.
9/ For more info:
Website: carbondefi.xyz
Medium: medium.com/carbondefi

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More from @middlecurver

Jan 20
1/ What happened when I tried using @OpenAI #chatGPT to summarize @adamscochran's 268 tweet long thread:
2/ Everyone's talking about Adam's long tweet and how nobody has actually read it, so I decided to do what I recently do when I'm being lazy and want a tl;dr - use ChatGPT.

tl;dr - it didn't go so well.
3/ First I had to provide GPT with the thread text.
I used @threadreaderapp's website, which unrolled it to a single readable article.
threadreaderapp.com/thread/1615834…
Read 10 tweets
Jan 13
1/ A thread about zero-knowledge Ethereum Virtual Machines (#zkEVMs) - a technology that allows for smart contract execution that is compatible with zero-knowledge proof computation.
2/ ZkEVMs are part of zero-knowledge rollups, Ethereum layer 2 scaling solutions that improve throughput by transferring computation and state storage off-chain.
These rollups submit transaction data to Ethereum along with zk proofs that verify the validity of off-chain txs.
3/ Early ZK-rollups were limited to simple token swaps and payments, but with the introduction of EVM-compatible zkEVMs, ZK-rollups are now starting to support Ethereum dApps.
Read 8 tweets
Jan 11
1/ Feels like @eigenlayer is going to become an #Ethereum game-changer.
Here's a quick overview + some resources to dive deeper
2/ EigenLayer is a series of smart contracts that allows other protocols to take advantage of Ethereum's security without having to build their own trust network, which can be expensive and time-consuming.
3/ This is done through restaking.
Restaking is the act of using an already staked asset, such as Ethereum (ETH), to pledge support to another protocol.
Read 7 tweets
Jan 5
1/ Liquid staking derivatives (#LSD) are becoming more and more popular these days, with @LidoFinance making the news as the biggest #DeFi platform by TVL.
However, @Jasper_ETH claims this won't last forever...
2/ In his detailed article, he argues that the golden age of Lido is coming to an end as the power of these incentives and the gap in the DeFi market are diminishing.
He then introduces @Rocket_Pool as a competitor, discussing its capital efficiency, scalability, and tokenomics.
3/ While I recommend reading the full article/his tweet if this interests you, here are some of my key takeaways:

Read 8 tweets

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