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Simplify DeFi 📘 Profile picture
@SimplifyDeFi
Mar 19, 2023 • 5 tweets • 5 min read • Read on X
That does it for this Simplified Thead!

If you found this helpful, please help support me by:

Liking & Retweeting the first tweet linked here 👇

⚠️DISCLAIMERS ⚠️

This Simplified Thread:

➡️Was NOT paid NOR sponsored.
➡️Is meant to simplify/educate.
➡️Is NOT Financial Advice.
➡️Note: Everything has potential risks. Please make sure to do your own research.
📘Sources📘

- Radix Learn: learn.radixdlt.com

- Radix YouTube Overview: youtube.com/live/5iSK3rTjP…

- Radix Infographic Series: radixdlt.com/blog/cerberus-…

- @blocmatesdotcom - Blocmate's Article: blocmates.com/blogmates/a-co…

- @eli5_defi's Thread: twitter.com/eli5_defi/thre…

+ More
🙏Special Thanks🙏

I want to give a special thanks to:

@a_vaunt
@daxter8899
@Afterwave3
@Radstakes
@ben_xrd

They helped answer my questions, provided resources, and reviewed this content.

Also, major thank you to the #Radix community. Super helpful, nice, & powerful! Wow!
💪Top Giga Accounts To Follow For #Radix Updates💪

@fuserleer
@PiersRidyard
@radixdlt
@Jacob_XRD
@Scrypto_Lang

• • •

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More from @SimplifyDeFi

Simplify DeFi 📘 Profile picture
May 18, 2023
A kid's cartoon from 2005 taught me how to navigate unlimited information and AI.

The secret? Focus & Ability.

Let me explain 🧵👇

[0/6] Image
1⃣ Unlimited Information

The amount of data available via Twitter, ChatGPT, and Google is INSANE.

Why go to university when you can learn practically any skill online?

I enjoyed this thread by @rektdiomedes:

2⃣ Consequences Of Unlimited Information

You can't consume it all. There's not enough time nor mental storage.

In Xiaolin Showdown, Omi uses a device (Fountain of Hui) that provides him with unlimited info.

His head grows x30 and he can only spew out USELESS facts afterwards: https://www.dailymotion.com...https://www.dailymotion.com...https://xiaolinpedia.fandom...
Read 10 tweets
Simplify DeFi 📘 Profile picture
Mar 19, 2023
EVM L1/L2s WILL NEVER be able to handle the demands of Traditional Finance.

It's like upgrading a 1990 Ford Taurus to compete in a Formula 1 race.

This is how #Radix sees it. Their solution?

Create a L1 that's RADICALLY different and solves the Blockchain Trilemma.

Mega🧵👇 Image
1.) Problems with current EVM L1/L2s:

❌NOT user-friendly.

❌Developers waste too much time rewriting/testing the same logic. Mistakes = Exploits.

❌Improvements in L1/L2s will sacrifice scalability, security, or decentralization.

❌Smart Contract architecture isn't good.
2.) Their Solution?

✅L1, POS, BFT, that SPECIALIZES in Cross-Shard data, execution, & consensus.

✅FAST (1M+ TPS), unlimited scaling, atomic composability, decentralized, & secure.

✅Built for an easy user & developer experience.

Let's simplify #Radix (Xi'an Release -2024)👇
Read 31 tweets
Simplify DeFi 📘 Profile picture
Feb 28, 2023
While everyone was looking at L2s, Fantom ( $FTM ) found a way to push the limits of a L1.

They are preparing to release the #FVM by the end of this year.

Let's simplify:

☑️ What is the #FVM?
☑️ What are the upgrades?
☑️ When?

🧵👇
1.) What's the problem with EVMs?

The EVM has a lot of limitations.

One workaround is to build another blockchain layer on top of it called "Layer 2".

Fantom, a Layer 1, took a different approach.
2.) What is $FTM?

Fantom is a Layer 1 Blockchain running since 2018.

The performance is extremely fast and has low gas fees. It is also EVM Compatible.

[Want a deeper dive into Fantom? Check out @Route2FI's thread:

]
Read 19 tweets
Simplify DeFi 📘 Profile picture
Feb 14, 2023
Let's simplify @ThenaFi_, a popular "Solidly Fork".

After skimming this thread, you'll understand:

✅ $THE, $veTHE, & Financial NFTS

✅ Rebasing

✅ Fees/Emissions

🧵👇
1.) What problems are they solving?

- Make the liquidity sitting on DEXes more efficient.

- Generate sustainable swap fees for Liquidity Providers.

- Provide crypto projects a cheap way to have deep liquidity.
2.) How?

- Lock up the base DEX Token ( $THE ).

- With the locked $THE tokens, vote on which pools give $THE rewards.

- Collect fees and bribes on the pool you voted on with your locked $THE.

[Here's a simplified diagram I created for my visual learners]
Read 17 tweets
Simplify DeFi 📘 Profile picture
Jan 21, 2023
Beating yourself down because you missed the pump?

Wondering if it's too late to get in?

I'm in the same boat, but there is a more valuable lesson here.

Self-Discipline.

[1/8]🧵👇
A few years ago I was reckless, even YOLOing my emergency fund because I'd "make that money back"...

[2/8]
That was a gambler's mindset. I got wreckted. I learned my lesson.

Last year I budgeted for experiences OUTSIDE of crypto, such as traveling.

I also saved up an emergency fund again.

Right when I reached my financial goals and ready to DCA in...This pump happens.

[3/8]
Read 9 tweets
Simplify DeFi 📘 Profile picture
Jan 1, 2023
Here are the 16 detailed steps that I took to grow my Crypto Twitter & YouTube account 👇
1.) I identified my skills:

- Teaching
- Being able to listen
- Ability to simplify.

[SKILLS]
2.) At the time, the stock and crypto markets were booming.

Yet, when I researched these topics, I found it to be complicated for outsiders like myself.

[PROBLEM]
Read 22 tweets

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