Luigi D'Onorio DeMeo🔺 Profile picture
Vice President @AvaLabs building Avalanche, Former @Citi / Opinions are my own & not views of my employer. Most tweets autodelete
Jun 5, 2023 5 tweets 2 min read
On-chain FX is just starting to take off on @avax! We first saw @traderjoe_xyz integration and now we introduce @CablesFinance.

Cables has a unique approach - it aggregates traditional off-chain FX liquidity ($6T in daily volume) with on-chain decentralized stablecoin pairs.

🧵 Image 2/
In tradfi, an FX trader would first have to fund their account with a broker, for a fee. Next, the broker would submit the trade to a bank, for another fee. Finally the bank would fill the trade on the open market, for a fee. This might be 50+ basis points.
Feb 4, 2023 13 tweets 4 min read
⭐️SHARED SECURITY⭐️

The two words that most of the crypto industry would have you believe come with no consequences and is probably the biggest farce.

A thread 🧵 1/ Shared security is the notion of one blockchain inheriting security in a Proof of Stake system from a larger, more secure blockchain.

If you have been in this space you likely hold the view that Shared Security is optimal and does not have any drawbacks/tradeoffs.
Feb 3, 2023 9 tweets 2 min read
NEW SUBNET IDEA 💡

Calling it Non-Fungible Staking (NFS) bc why not...

Here is an example of a Monopoly-like construct whereby each property is represented by an NFT which also provides access to a validator slot in the network.

Lets dig in. 1/ With elastic subnets, a subnet won't be limited to erc-20s as a staking tokens, you could also use NFTs. Think of it like Taxi medallions or Liquor licenses.

In order to kick things off, there is an NFT sale for the first 30 NFTs representing a right to a validator slot.
Aug 18, 2022 7 tweets 5 min read
One year ago today, the Avalanche Foundation launched Avalanche Rush. For many, this marked their introduction to @avalancheavax, its tech, and its ecosystem.

Some reflections, one year later.

🧵 1/ Avalanche Rush was a fire signal to many DeFi and crypto users that there existed a new platform with instant finality, low fees and no downtime.

They came, they tried the brand new bridge (bridge.avax.network) and loved the commitment to UX and security.
May 24, 2022 4 tweets 1 min read
Avalanche has native $USDC & $USDT:

what does this mean?

a simple 🧵 Native $USDC for example does not carry any bridge risk.

$USDC.e (notice the ".e" for ethereum) is $USDC bridged from ethereum via the Avalanche Bridge bridge.avax.network/login
Apr 11, 2022 10 tweets 2 min read
Gamefi dynamics are too simple. Here are some Sunday night thoughts:

A thread 🧵 1/ Gamefi applications typically try to mirror the properties of a scarce commodity or resource. These games have users earn tokens by playing the game and typically they are emitted at a fixed rate per second.
Mar 9, 2022 4 tweets 2 min read
The Multiverse pipeline is already overwhelming. Let's think about why...?

Especially for gaming Gaming subnet

- utility to the token by virtue of it being a gas token
-sweet, clean UX
-Avalanche's consensus (best)
- bridges connected directly to your subnet from every EVM chain
-ability to customize fees/speed
-community participation via validation/staking
Mar 8, 2022 7 tweets 2 min read
Welcome to the Multiverse Image Image
Mar 8, 2022 6 tweets 3 min read
Why is institutional DeFi cool and why are we working on this initiative @avalabsofficial. 2/ DeFi unfortunately cannot be accessed by the trillions in institutional capital that needs to adhere to AML, KYC, KYB regulations.

There is a solution, however, subnets.
Mar 8, 2022 8 tweets 2 min read
Today the Avalanche 🔺 Foundation has announced 'Multiverse', a $290m incentive program designed specifically to accelerate the adoption of subnets. 1/ First, what are subnets & why are they important?

A subnet is a dynamic set of validators that reach consensus on the state of 1 or more blockchains. A subnet can validate many customizable blockchains with different VMs (Spaces VM / EVM).
Jan 14, 2022 4 tweets 2 min read
After 8 months working with the @Platypusdefi team directly, the beta is finally here! Not even a day in the books & it is already approaching $200M in TVL. Let's dive deeper into what @Platypusdefi is and what excited me about this native #Avalanche dapp. @Platypusdefi is a single-sided Stableswap AMM that boasts a new model, completely different than Curve Finance and others. Swap fees are only .01% and slippage is minimal. Look at this...