Overcollateralized Jonny Profile picture
Boiling down technical concepts to understandable ideas | Co-Founder @Web3MTL
Jul 24, 2023 11 tweets 3 min read
Betting on hamster races... That seems to be the new meta.

If you're as confused as I am and need a catch up on some of the best threads that came out these past few weeks, look no further!

Time for another edition of #OvercollateralizedSundayReads! Image 1/ I'm falling in love more and more with the concept of account abstraction.

@coinbase has been making great strides in that space and @yugacohler breaks down EIP-4337 and how this new proposal aims to change the way we interact with our wallets
Jun 29, 2023 23 tweets 5 min read
Token-Bound Accounts. Yes, you read that right!

🤖 If you haven't heard about ERC-6551 yet, you're missing out.

Here's everything you need to know about the new token standard that will change the way we interact with our wallet. 💸 1/ We'll be exploring the topic in three sections:

1⃣ What is ERC-6551?

2⃣ Use cases for the new token standard.

3⃣ More content on ERC-6551!
Jun 27, 2023 23 tweets 6 min read
There has been a rise of popularity of decentralized stablecoins amid the recent Tether and USDC scares.

🏝️ What's going on in stablecoin land?
🏆 Who are the top players?
🛣️ Where are things headed?

Let's explore the stablecoin landscape. 👇 1/ It seems like every other week we hear about a new stablecoin project launching.

So many different implementations of them. Before diving into all these different projects, it's important to take a step back and understand the current landscape.
Jun 19, 2023 16 tweets 12 min read
A new rollup has entered the arena... opBNB!

#Binance just announced an optimistic rollup that is already live on testnet.

Did Binance really just fork Optimism and launched their own L2?

Here's a summary of what's going on 👇 Image 1/ opBNB is based on the bedrock version of the Optimism OP Stack that is EVM-compatible.

This rollup is built on top of the existing BNB Chain and not Ethereum Mainnet (like most other Optimistic rollups we have seen so far). Image
Jun 18, 2023 12 tweets 13 min read
The bear market hasn't stopped threadors from writing banging content!

This wassie needed a break, so I got Bobo the Bear to curate the list this week!

Here's a list of great threads you may have missed this week!

Time for another edition of #OvercollateralizedSundayReads! Image 1/ DeFi social media... Yep you heard that right.

There's a whole world you haven't been participating in that should be on your radar!

@2lambro illustrates the mystical world of SocialFi with @DeBankDeFi
Jun 15, 2023 18 tweets 13 min read
What's going on with Tether? Is it all FUD? 😨

🕵️‍♂️ Is there merit to the concerns?

Let's peer behind the curtain of $USDT.

Who audits @Tether_to, what's their circulating supply, and who uses it most? Image 1/ Just an update on the Tether situation if you aren't up to date, people have been dumping USDT in liquidity pools in exchange for other stables.

The @CurveFinance 3pool has been gaining a concerningly large proportion of $USDT compared to other stables. Image
May 21, 2023 10 tweets 5 min read
Another week, another round of great threads by the awesome CT community.

Sorry I've been a little MIA, lots going on in the meatspace, but I'm back now!

Time for another edition of #OvercollateralizedSundayReads! Image These threads will span more than the past week to catch up on all the amazing threads that I haven't posted since my last roundup!

As usual, I like to keep these roundups short and sweet so you can actually read all of these threads instead of skipping over most of them.
May 4, 2023 18 tweets 14 min read
USDC is the backbone of DeFi and much of the crypto ecosystem.

It's been in the news recently because of its release of CCTP and the SEC insinuating that it is a security.

It's time to revisit crypto's darling centralized stablecoin.

A mini-thread update on USDC. 🧵 Image 1/ USDC has been the most trusted stablecoin on-chain.

USDC has maintained above 40% of total on-chain stablecoin transaction volume (followed by USDT and DAI).

These past months, this figure looks closer to 70%.

(CoinGecko stablecoin report) Image
May 2, 2023 8 tweets 3 min read
A few years ago, Big 4 accounting firm #EY and @Microsoft partnered up to create a blockchain-based solution to improve @Xbox's gaming partner rights and royalty management.

How did that go? Image 1/ The focus of this project was to automate and accelerate Microsoft's royalty payment process.

From contract creation to payment and reconciliation, Microsoft is better able to manage its relationships between game publishers.
May 1, 2023 10 tweets 6 min read
While everyone's been in a frenzy with the PEPE madness, I've compiled a list of the best threads over the past week!

Missed last week's edition so this week is double the trouble.

Time for another edition of #OvercollateralizedSundayReads! Image 1/ Kicking off with @DeFiMinty's thread on @CurveFinance upcoming stablecoin. Everything you need to know!

Minty's becoming one of my favourite threadors, someone who consistently posts quality information and research. If you don't follow him already, you're missing out
Apr 11, 2023 22 tweets 13 min read
Wake up CT!
Don't sleep on @arbitrum Orbit and @optimismFND Superchain - two of the most promising projects you may have forgotten about since the airdrop.

Strap in and let's explore what these two ecosystems have to offer. 🧵 Image 1/ Both leading rollups have laid out their plans to dominate the app-chain thesis by creating ecosystems around their own rollups.

How do they match up? Image
Feb 9, 2023 45 tweets 21 min read
The ultimate thread on the bridging ecosystem, covering many of the major projects.

There is no shortage of options, however every bridge brings something different to the table. Let's dive in! Before we jump in, if you want to learn about how bridges work in a more general sense and some of the issues involved with them, be sure to check out my previous thread!