cygaar Profile picture
Jan 16 2 tweets 1 min read Read on X
There are understandably a lot of "DeFai" (AiFi?) skeptics, but I do think there are merits to simplifying DeFi interactions through ai agents.

We all agree that DeFi is amazing - you can trustlessly borrow money, earn yield, and trade assets without needing to go through a middleman.

However, interfacing with DeFi applications right now is often too complex or confusing for the average user (even crypto natives!). It's very unlikely that retail users will buy ETH from a CEX, move their ETH onchain, deposit it into Lido, and take the resulting stETH and deposit that into Aave/Balancer/Yearn/etc to earn bonus yield.

Imagine a world where you can tell an ai agent "find a way to earn 8% yield on my ETH with minimal risk" and it goes an executes everything autonomously behind the scenes. That's much simpler for the user, and they won't have to go through the staking/deposit/transfer process manually.

I think this could be a big unlock for DeFi teams looking to find more reach outside of the current crypto space. Obviously a lot more advancements would need to be made on the agent side, but this could make DeFi accessible to a new cohort of users.
I'm not familiar with the current defai projects that are popular, so don't treat this as me calling them legitimate.

I just want to portray a future where I can see agents being useful in the defi space.

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More from @0xCygaar

Jan 1
A simple explanation of how @ai16zdao's eliza framework works 🧵: Image
There's been a lot of activity and development around eliza, so I thought it'd be good to go over how it's designed.

The diagram you see above is of the current v1 architecture, v2 may look different when it's all said and done.

Link to code: .github.com/elizaOS/eliza
The example above shows how an eliza twitter agent is setup.

The first component is the character config file. This file contains everything about the agent's personality, backstory, knowledge, and topics to talk about. Image
Read 10 tweets
Oct 10, 2024
Hi @FBI, I noticed that your smart contracts are in direct violation of the MIT License, and thus are subject to copyright infringement.

You clearly copy pasted several of OpenZeppelin's libraries (which use the MIT License), but don't have a license on the code yourself.

The MIT License states "this permission notice shall be included in all copies or substantial portions of the Software", which you clearly did not adhere to in your contracts.Image
Image
Image
@FBI You can find the FBI contracts here:

I highly doubt any legal action will be taken, but it's pretty funny that the FBI themselves are not complying with software licenses.etherscan.io/address/0x16ca…
@FBI I’ve alerted the FBI to take the necessary steps against the… FBI
Read 4 tweets
Aug 28, 2024
I'm super excited to announce Abstract Global Wallet today.

We're building a brand new chain-level experience - one where users never need to download an extension and apps work seamlessly out of the box.

Here's a simple breakdown of how AGW works 🧵: Image
The current state of wallet UX isn't great.

We did dozens of research studies with non-crypto users to better understand today's onboarding flows and app usage patterns. We saw fragmentation, confusing UX, and opaque transaction flows.

AGW aims to fix that.
At its core, AGW is a smart contract wallet powered by Account Abstraction.

I've talked a lot about AA in the past - I really believe that the current AA infra is ready to support the next wave of crypto users.

AGW leverages several AA features to make user experiences better. Image
Read 9 tweets
Aug 19, 2024
Layer 2 blockchains are probably one of the most misunderstood topics in crypto, so let's fix that.

A guide on how L2s actually work 🧵: Image
By now you probably know that L2s are Ethereum's way of scaling.

You've probably wondered why L2s are so cheap when compared to L1.

Or maybe you've asked yourself what ZK/OP proofs are.

This post will answer those questions and give you a base understanding of L2s.
Let's first start by going over how Ethereum (and other L1s) work.

When a transaction is processed by a L1 chain, every node in the network must process it.

Txs are priced based on how much compute, storage, and data is used (gas usage). Compute and storage cost a lot. Image
Read 19 tweets
Jul 24, 2024
"Account Abstraction is the future of crypto"

You've probably heard this line many times, but weren't sure what it meant. So let's fix that.

I present to you the beginner's guide to Account Abstraction - what it is, how it works, and how it'll change crypto apps forever 🧵: Image
I'm not going to bore you with the technical and implementation details of Account Abstraction (that'll be a future thread).

Instead, this will be a very high-level overview of AA with practical examples of how it has improved the crypto user experience over the last few years.
Put simply, Account Abstraction is a set of frameworks and standards that turbocharge the capabilities crypto wallets (accounts).

You can think of this like taking a 1999 Honda Civic and giving it the ability to fly - it can still work as a car, but now it can do something new. Image
Read 15 tweets
Apr 18, 2024
A beginner's guide to Runes - the new protocol that will bring fungible tokens to Bitcoin at the halving 🧵: Image
To start, what are fungible tokens?

These are tokens that are not unique in nature, can be divided, and are interchangeable. They exist on other blockchains as ERC20s on EVM chains or SPL on Solana.

Examples include memecoins and governance tokens.
Historically, fungible tokens have not been possible on Bitcoin since it doesn't support smart contracts.

However, with the advent of ordinals, we saw the rise of BRC-20s, which inscribed token data in individual SATs (satoshis) and were processed by off-chain indexers. Image
Read 16 tweets

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