Sam MacPherson (hexonaut)

Sam MacPherson

Co-founder Phoenix Labs - contributing to Spark. Previously Protocol Engineering @ MakerDAO.

333 Followers

Recent casts

Classifying types of oracles. I think everything fits into 3 categories: -Market Price (ex. ETH, BTC, WBTC) -Fixed (ex. WBTC, USDC, DAI, USDe, EURe) -Yielding Fixed (wstETH, sDAI, sUSDe) Everything can have a market price, but only pegged assets can belong to the second two.

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On Ethereum there are only two assets that matter across L2s/sidechains: ETH and USD (+ derivatives) Liquidity fragmentation is only a problem in the abstract as yield-bearing issuers can automate settlement in the backend. Crosschain intent protocols should keep this in mind.

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Top casts

First time in Argentina. This is $500 USD worth of pesos. Each note is about $1. I bought this yesterday, and it's now worth $480. The most interesting experiment at scale if they dollarize the economy.

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Onchain profile

Ethereum addresses