What new chain are you most excited about or farming on?

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At the risk of looking like an idiot. Why haven’t we seen a gold perp stablecoin? Is it bc for the delta neutral perp stablecoins strategy to work you need a more volatile asset? Like USDh and Ethena.

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Spent a decent amount of time skimming through the first chapters of this book. I feel like a lot of people in the defi space want to try to apply Game Theory to mechanism design, but I caution this since the entire point Nash was proving mixed game equilibrium in finite games. The key point is crypto is continuous, and open in a sense that your utility that you designed within your own protocol is *not* what rational users are using. This was the entire failure of OHM and the (3, 3) strategy as people defected, since they believed their expected utility by just leaving was higher than 3.

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Started to read this book by Rafael Pass. Just getting through the first chapter already a combination of deep and intensive mathematical relationship but equally easy to digest concept about networks and their tie to game theory/mechanism. Would be interested in chatting with other who have read similar titles/topics

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I have a novel idea for a better DeFi ecosystem... Don't invest in crap... ... that has already been built 24 times with "revolutionary" variations that aren't revolutionary ...that humans don't need or won't eventually want because it makes their financial life better ...that doesn't provide composability so that the core engine of what it offers can be used by others to enrich and enlarge the ecosystem and adoption

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some recent bangers I picked up. would love a way to stream any creator earnings from this content to the authors/publishers.

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@uniswap outsources routing to solvers via Uniswap X. Uniswap X doesn't work when sell token is native ETH, however. It's kind of interesting to see that pricing is worse on native ETH as result. 👀

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I find CoW Swap's "Order Surplus" concept pretty misleading—maybe even deceptive. When calculating "surplus," CoW Swap compares the final trade execution against the limit price—which is just the minimum amount you're willing to accept (quoted amount * (1 - slippage tolerance)). Example: you're quoted 10,000 USDC for selling 1 token A, with a 0.5% slippage tolerance. Your minimum buy amount becomes 9,950 USDC. If the trade executes at 9,975 USDC, CoW Swap claims you got a 25 USDC "surplus". But in reality, you received 25 USDC less than what you were quoted. That's not a win—it's just better than the worst-case fallback. Calling that a "surplus" feels like spin.

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I asked Grok what the risk level is of Hyperliquid eating into Base's marketshare if we assume HL is executing on their vision of a full DeFi ecosystem, ie "the future of finance." Unsurprisingly, the answer was "high risk." Base and HL are the two ecosystems that interest me the most. I'm rooting for both.

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Ironically, Uniswap V4 could be creating a playing field that favors aggregators like @matchaxyz and @1inchnetwork from swap routing perspective. 🧵

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On Tue we announced the white paper "The Road Towards a Distributed Encrypted Mempool on Ethereum" It provides a roadmap for implementing a threshold-encrypted mempool using proposer commitments, aimed at integrating with Ethereum's PBS transaction supply chain https://blog.shutter.network/unveiling-the-road-towards-a-distributed-encrypted-mempool-on-ethereum/

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what are the current blockers for trading platform to bring NASDAQ prediction markets on chain

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Chance to win 1:1 DeFi Masterclass with TokenBrice https://www.paddlebattle.auction/tokenbrice

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Dromos posted this on sustainability in dex emissions. it's a little audacious tl;dr: emissions are not short-term incentives. they're not just structurally sustainable but necessary for outcompeting in the DEX space https://paragraph.xyz/@dromos/sustainability

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I still don't understand why someone would borrow from Moonpay at an APY of 18% when they can do the same from Aave at <10%. What am I missing?

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