1/x @3Jane_xyz just launched the first protocol that lets you borrow crypto with ZERO collateral based on your TradFi credit score + on-chain history.
This could be the missing piece that finally makes DeFi work like actual finance. ๐งต 2/x Credit creation is the engine of economic growth. Allowing capital to flow from those who have it to those who can use it productively is the core of financial system.
Without this, we just have asset trading, not finance.
Dec 3, 2024 โข 13 tweets โข 2 min read
๐งต1/ happy to share my latest article is published in Stanford Blockchain Review (@StanfordCrypto). the article explores a simple question: how does web3 actually increase output?
tldr: it's about 1) Control 2) Liberation 3) Expansion.
everyone is busy so here's a summary ๐
2/ is crypto building something meaningful, or is it just a high-tech casino?
letโs take a step back. most people think of innovation as disruptive: new tech replacing old systems.
joseph schumpeter called this creative destruction. think cars replacing horses or smartphones replacing basic phones. these changes are dramatic, tangible, and easy to measure.
but not all innovation looks like this.
Apr 16, 2023 โข 13 tweets โข 7 min read
1/ One item highlighted in @VitalikButerin's Ethereum roadmap is Distributed Validator.
What is ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ฒ๐ฑ ๐ฉ๐ฎ๐น๐ถ๐ฑ๐ฎ๐๐ผ๐ฟ ๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ (#DVT) and could it be the next big narrative for Ethereum after Shapella Upgrade?
๐งต A thread
2/Since Ethereumโs Merge, we have witnessed the Liquid Staking Derivative protocols like @LidoFinance@Rocket_Pool@fraxfinance flourish.
The rapid expansion of the liquid staking, however, has led to concerns about concentration.
Feb 17, 2023 โข 13 tweets โข 6 min read
1/ With the recent depeg of @Platypusdefi's $USP and FUD around $BUSD, I dived deep into @y2kfinance, a DeFi protocol on @arbitrum. A thread on the protocol mechanism and the $Y2K token ๐งต
2/ One of the roles of financial markets is to transfer risk and allocate it efficiently. But there's a gap in the DeFi world when it comes to hedging against stablecoin de-pegging risks.
1/15
Last month there was an interesting DAO proposal on @LidoFinance by @_skozin. The crux of the proposal argues for introducing a Dual Governance scheme, in which $stETH holders will also be granted governing power in addition to $LDO holders. michaellwy.substack.com/p/ambition-madโฆ
2/15
In my latest blog, I explore how the Dual Governance scheme resembles the structure of a #bicameral legislature (with specific reference to the U.S. Congress) and inherits the spirit of check and balance to address moral hazards.
