Get an exclusive inside look into @autoscale_!🕵️♂️
We sat down with their CTO @gfusee33 this Wednesday and delved into the inner workings of Autoscale Vaults, the "Zap" module, and the platform's future.
Here are the top 3 key takeaways from our conversation🧵 #MultiversX#DeFi
Q: Could you delve into the inner workings of Autoscale Vaults (aVaults), elaborating on their primary characteristics, the variety of #assets they support, and the advantages they offer to users in terms of yield optimization?
A: Autoscale Vaults, or aVaults, are smart contracts that form the core of Autoscale's platform, serving as the foundation for its #yield optimization strategies. There is a dedicated vault deployed for each asset, which means aVaults has the potential to encompass all assets… twitter.com/i/web/status/1…
Q: In light of the ever-evolving DeFi landscape and the potential for new opportunities, can you identify any existing gaps or unmet needs within the MultiversX ecosystem that could help Autoscale enhance its offerings, expand its product range, and develop innovative #strategies… twitter.com/i/web/status/1…
A: The MultiversX DeFi ecosystem at a rapid pace, with several promising projects, such as @ash_swap , @HatomProtocol, @Elrond_One, and more, emerging to enrich the landscape. These developments create opportunities for Autoscale to explore and implement a lot of strategies that… twitter.com/i/web/status/1…
@ash_swap@HatomProtocol@Elrond_One Q: There was a brief mention of a "zap" module in Autoscale's recently released documentation, which suggested that swap fees would contribute towards it.
Could you provide us with a glimpse into the concept and functionality of this "zap" module, how it might integrate within… twitter.com/i/web/status/1…
@ash_swap@HatomProtocol@Elrond_One A: The "Zap" module, though not an entirely new concept in the #blockchain space, it introduces a streamlined approach that enables users to swap from a fungible token directly to liquidity provider (LP) tokens and vice versa, simplifying the process.
One of the backbones of the #MultiversX ecosystem is the #ESDT token standard.
Let's explore its unique features and how its capabilities stack up against the most popular token standard out there: the ERC20 token. #Ethereum
1/11: The main difference is that ESDT is pre-coded, non-programmable, and with a fixed set of functionalities. #ERC20, on the other hand, requires developer expertise and auditing for robustness and security.
2/11: Here are the key functionalities of ESDT tokens:
⚗️Minting: Mint new tokens after their initial release.
🔥Burning: Users can burn a certain amount of their tokens.
⏯Pausing/Unpausing: Prohibit all operations except mint and burn.
Get an exclusive inside look into the mind of the Tokenomics Expert of @ProteoDefi!🕵️
We sat down with him this Wednesday and discussed how they are enhancing the #DeFi landscape on @MultiversX.
Here are the top 3 key takeaways from our conversation 🧵 #MultiversX
@ProteoDefi@MultiversX Q: Based on your experience so far, how effective can Proteo Flash Offers system be once deployed in preventing hyperinflation and maintaining the PROTEO #token's stability? Are there any specific metrics or indicators that you monitor to gauge the effectiveness of this system?
PROTEO Flash Offers will be published every day, and the size of the offer and the bonus that you will get from the offer, both of them will depend on the current price of our native token… twitter.com/i/web/status/1…
As we all know the bread and butter of the blockchain space are smart contracts.
Though moving beyond traditional transaction management, let's delve into niche applications and the transformative potential of this tech across various industries.🧵 #MultiversX#EntityFinance
1/ But first, a quick look into the past: Conceptualized in 1994 by Nick Szabo, smart contracts had to wait for the arrival of #blockchain technology to be viably implemented in economic systems. They're now a game-changer for decentralized P2P economies.
2/ Fast forward to today, smart contracts have evolved beyond their initial #applications, permeating various industries and enabling novel use cases:
Q: Some NFT projects just seem to storm onto the scene and capture a significant share of the attention within the NFT ecosystem. In your opinion, what are the factors that contribute to the success of these projects and enable them to quickly build large and engaged communities?
A: First you have to have a very detailed and thorough plan of attack, also the core team has to be made up of a set of high-performing individuals who can execute at a high level in their field of expertise, and all members have to push towards the same direction in unison.
1/ Other DeFi projects launching through the Entity Launchpad will get the benefit of instant listings on DX25, and also will take advantage of the advanced liquidity options that are highly efficient, bringing more rewards to LPs and allowing price formation in illiquid markets.
2/ In addition to one-sided liquidity provision, concentrated and full-range liquidity, DX25 will also enhance MultiversX DeFi with a range of powerful features such as on-chain derivatives.
At Entity, we are excited to leverage this partnership for the benefit of the community.