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James Profile picture
James
@0xJamesBong
Smart Contract engineer, Anglophile 🇬🇧, wrote 4 books - in search of the 普範算子. https://t.co/wxvs56FH5y
Mar 1, 2023 • 33 tweets • 15 min read
【Megathread on #ShanghaiUnlock & 🌈 LSDs】

⭐ Why $ETH won't dump
⭐ Why rotate from #alts
⭐ Why long $YFI and $GEAR ⚙️ 1/ The knee-jerk reaction to the Shanghai Unlock schedule for March 2023 is of course: “Oh withdrawals! Eth will dump!” Indeed, A lot of reports seem to err on the side of downward price action for ETH.
Nov 23, 2022 • 24 tweets • 8 min read
【Curve Stablecoin $crvUSD - First thoughts on the train】

1. Totally new model. No endogenous collateral. $CRV is not even mentioned once in the whitepaper. So like neither $LUNA nor $FRAX.
2. Fundamentally like $DAI, a CDP stable, but with a new liquidation mechanism.

1/x 2/ #LLAMMA: old CDP stablecoins have a liquidation price. Once it hits that, gg liquidated. #LLAMMA continuously liquidates and recollateralises as the price of @ETH the collateral moves.
Feb 16, 2022 • 43 tweets • 10 min read
【#MusicNFTs - a thread】
For music to leverage web3, possible models are: (1) moving spotify on-chain, or (2) NFTs. There are problems with (1), but (2) ain't no panacea. For (2) to work, there must be gating

gbv.capital/insights/the-c… The reason why the NFT bloom started with JPEGs and not other forms of artistic or cultural objects is because JPEGs are the lightest of them all. It is just a picture. A JPEG is light because it carries no legal baggage, and it takes very little capital to make.