Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
kyle w Profile picture
kyle w
@kyleTwang
bad takes and no brakes, occasional grass toucher
Dec 9, 2022 • 33 tweets • 9 min read
I read the @AlgoFoundation 2022 Part 2 report so you didn't have to! The reports covers the 6 month period between April 2022 - September 2022.

Thoughts, analysis, and some questions below 🙌
1/
 algorand.foundation/transparency-r… 2/ The report starts off noting a $50M contractual claim against 3AC, in which the hedge fund violated its OTC deal by selling its $algo early.

This is a nothingburger, but does imply a substantial amount of $algo sell pressure came from 3AC in May/June.
Jan 9, 2022 • 15 tweets • 5 min read
1/ One of the most interesting and discussed innovations in #DeFi this past year comes out of @OlympusDAO and its clever game theory of staking, bonding, and protocol-owned liquidity.

Many of my friends still have difficulty understanding it, so cue this 🧵

What is $OHM ? 👇 2/ $OHM is an experimental stablecoin backed by crypto, created by an anonymous developer to remove the market's reliance on fiat-backed stablecoins (e.g. $USDC).

However, unlike other crypto-backed stables like @MakerDAO $DAI, Olympus DAO pioneered a new treasury model 👇