TΞtranodΞ (πŸ’Ž, πŸ’Ž) Profile picture
#Ethereum Retired InfoSecEngr Artist @ratwell0x @DgenFren
0x_Apollo1 Profile picture mandy Profile picture Dimag Ozgum Profile picture Gary Griffiths Profile picture My Two Satoshis Profile picture 9 added to My Authors
May 24 β€’ 7 tweets β€’ 3 min read
High A-Factor is good only if your asset is overcollateralized or redeemable, otherwise it's not going to stop depeg

The $stETH concentrated pool versus original shows that despite the higher A (1000 vs 50), the 1K $ETH slippage equilibrium is still the same ImageImage High A-Factor will not change the market discount

In this case, all it does is push the depeg to the tail-end and ends up being a tail-end event! This creates fragility in the system! ImageImage
May 18 β€’ 6 tweets β€’ 2 min read
I think seed investors should be linearly vested into veToken or veLP (if they have the ETH or stables) without a cliff

This ensures that they can't dump and leave, forcing them to have #skininthegame

Cliffs are TardFi
DeFi doesn't have to copy this charade Image Let's say a seed round of 1% FDV is like $200,000

The seed investor is now incentivize to help their platform generate $20M in fees before breaking even

That's a lot more work than writing a check and dumping on retail
May 16 β€’ 7 tweets β€’ 1 min read
I donated like 2 tons of food to orphanages, and some reply guy said my donation size is not size, that these other major players built several orphanages

This is why I keep most of my philanthropy discrete

Some people in fact, have no right to exist I'm cynical about those Instagram philanthropists who tours take selfie with the starving, I didn't want to be that kind of a cuck

However... when asked by some random jealous influencer what I've done to make the world a better place... I felt pretty slimy pulling it out
May 15 β€’ 10 tweets β€’ 4 min read
desmos.com/calculator/mbo…
Using this for some A-factor fun

Ongoing Thread
πŸ‘‡πŸ§΅πŸ‘‡ Amplification Factor for @CurveFinance define how token pairs diverge

A of 1 looks like XY=K, though I'm no math expert and haven't even proven nor sampled the points

A of 100 is the standard deployment of a stable-stable pairing starting out
May 14 β€’ 4 tweets β€’ 2 min read
I see lots of peasants salty and comparing my arrogance to Do, insinuating that my day will come

To that I say

Jigga pls, I've been around since 2014

If that day came, it would have came years ago already

Sorry you're poor and stupid Image I mean... I was poor and stupid in 2014 too

But instead of QQing about some asshole on the internet, I studied the blockchain math so that my basic assumptions correctly lined up

Did you do that?
There you have it
May 14 β€’ 10 tweets β€’ 2 min read
DeFi Explained to No-Coiners, Tetranode Edition
An ongoing thread

πŸ‘‡πŸ§΅πŸ‘‡ You nerds do a terrible job of explaining the blockchain

"A network of validators that--"

ZZZZZZZZZZ ain't nobody got time

A blockchain is a mesh network, when China shut down HK protesters, the students used their cell phone to create a mesh that can't be taken down
May 14 β€’ 4 tweets β€’ 2 min read
Anyone have a Desmo graph of @CurveFinance with an adjustable A Factor that I can play with?

I wanna see how close 10 is to xy=k, and how flat 5,000 becomes @CurveFinance Winner, great walkthrough plus the interactive A Factor at the end

May 13 β€’ 4 tweets β€’ 2 min read
Wow that is an insane amount of double-dipping in my favor Image Image
May 11 β€’ 5 tweets β€’ 1 min read
Every bear market brings excitement and opportunity to those who looking to shop, or too rich to care

No idea why reply guys think I'm mad when I'm enjoying myself... projection is a helluva drug The only people who think I'm mad are from the class of 2021

The OGs from 2014 don't give a shit

It's in our blood not to care
Apr 19 β€’ 6 tweets β€’ 2 min read
1/ THREAD

The Truth about Crypto

CT thinks they are judge, jury and executioner, and I will not engage with a mob.

As a side effect, there’s no need to hold back anymore. Time to take the gloves off.

Here are some truths and alfa about crypto and CT
Apr 17 β€’ 4 tweets β€’ 1 min read
I don't believe undercollateralized lending can work without KYC

If I was borrowing anonymously, there is no incentive to repay

When the debt is socialized, we run into a tail-end event where we run out of people to buy the debt and the ponzi collapses ESD, Basis... I'm disappointed the Bean experiment didn't run to its final conclusion before the flash loan vulnerability occur
Jan 15 β€’ 13 tweets β€’ 11 min read
Notes from the @UpOnlyTV interview, updated on a rolling basis
Dec 14, 2021 β€’ 4 tweets β€’ 1 min read
The endgame of Ethereum L1 is to settle L2 ZK-rollups, there is no other path

This has been established since 2018 with the roadmap of rollups and data-sharding I've been writing seed checks to projects that will flex the power of L2

Example: on Ethereum mainnet, Chainlink's oracle misprice could be up to 0.5%

On Arbitrum, oracle update is triggered once price difference 0.05% exceeds so it is updated much more accurately
Nov 25, 2021 β€’ 6 tweets β€’ 2 min read
Current research

Trying to run models to see which disinflation model will do well after 100 years

My intuition tells me anything below 0.5% faces grave danger because of free-rider problem + paying the LP/Miners, so I marked it as the danger zone Image Hard supply cap will run into security / payroll issues

I think perpetual inflation kept in check by a supply sink is the best solution

#ETHEREUM has perpetual inflation, but supply will likely have a steady-state equilibrium thanks to EIP-1559

ultrasound.money
Nov 2, 2021 β€’ 7 tweets β€’ 3 min read
Nov 2, 2021 β€’ 5 tweets β€’ 1 min read
BONUSES???
CRYPTO EXPERTS!!!???
LOOOOOOLLLLL
THEY
ARE FUQD Honestly

If you were a crypto expert, why would you submit yourself to such cuckery?
Oct 31, 2021 β€’ 7 tweets β€’ 2 min read
November's gonna be a great month
$ETH #ETHEREUM πŸŒ› Image Low T traders likes to take profit around previous ATH
I like to take entire protocols
Just the little differences
Oct 26, 2021 β€’ 6 tweets β€’ 3 min read
Oct 26, 2021 β€’ 4 tweets β€’ 2 min read
$CVX is the winning play

πŸ‘‡πŸ‘‡πŸ‘‡ The $CRV revenue share is negligible

$CRV is a work token, and one will lose if one doesn't have massive capital to keep up with $CRV's inflation tokenomics...

$CRV for by-itself incoom is the wrong play, unless you're going for CVXCRV...

curve.fi/usecrv
Oct 24, 2021 β€’ 5 tweets β€’ 2 min read
Orderbooks, siloed orderbooks operating on traditional exchanges with no farming incentives, are doomed to fail as liquidity finds its home elsewhere in DeFi, causing bigger and bigger price shocks

This has been an ongoing trend for years
$ETH #ETHEREUM πŸŒ™ $BTC $8,000 while elsewhere it's $60,000

How do leveraged traders even put up with the liquidation bullshit when CZ's trading desk can move the price any number they want?
Sep 22, 2021 β€’ 12 tweets β€’ 8 min read
A Diamond in the Rough

My investigation into a project led by a true cat-lover

@CupcatNFT is magical and don't happen twice

πŸ‘‡πŸ‘‡πŸ‘‡ Image It began with this retweet from Andre, where I noticed an obscure artist complaining about not being seen