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Ethereum is a Dark Forest - Paradigm
What happened next, in retrospect, seems faintly incredible. With no one left to argue with him, Sam threw the switch and let Modelbot rip. “We turned it on and it instantly started making us lots of money,” said Nishad. And then they finally found the $4 million worth of missing Ripple. First they figured out its travel itinerary: it had been sent
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
On the other hand, liquidity pool DEXs such as Uniswap and Balancer lets users become the market makers by providing liquidity to a pair or pool of assets. Users deposit their assets and become liquidity providers, earning a small fee for each swap transaction performed for that particular pool. However, the mechanisms behind these types of DEXs, w
... See moreSze Jin Teh • How to DeFi: Beginner
The Defi bull market, started by COMP liquidity mining in Summer 2020, has turned many Defi protocols into rapidly growing revenue monsters. You would assume that this puts them in a comfortable financial position, and a superficial look at DAO treasuries seems to confirm that.
Hasu • A New Mental Model for Defi Treasuries
To participate in DeFi, one has to lock tokens in smart contracts. Tokens locked in smart contracts are potentially vulnerable to smart contract exploits due to the large potential payout. While most projects have gotten their codebases audited, one will never know if the smart contracts are truly safe. There is always a possibility of a hack which
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