Yield Farming Lab

Yield Farming Lab

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Make Your Crypto Work Harder! Master Yield Farming for Bitcoin & Ethereum! ๐ŸŒพ๐Ÿ’ฐ

29/09/2023

๐๐ข๐ญ๐œ๐จ๐ข๐ง ๐Ž๐ซ๐๐ข๐ง๐š๐ฅ๐ฌ: ๐“๐ก๐ž ๐๐ž๐ฐ ๐‹๐š๐ฒ๐ž๐ซ ๐จ๐Ÿ ๐๐ข๐ญ๐œ๐จ๐ข๐ง'๐ฌ ๐”๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐Ÿ”ข

Hello, crypto enthusiasts ๐Ÿ‘จโ€๐ŸŒพ After exploring BRC-20 tokens in our last discussion, it's time to investigate another Bitcoin innovation, the Ordinals. Let's jump right in!

What are Bitcoin Ordinals? ๐Ÿค”

The ordinals protocol was launched by Casey Rodarmor in January 2023. Distinct from Ethereum's popular nonfungible tokens (NFTs), Bitcoin Ordinals aim to imbue Bitcoin's smallest unit, the satoshi, or sat, with unique identities. With this, you can now inscribe digital content be it text or art directly into the Bitcoin ๐Ÿ–ผ

How Do They Work? ๐Ÿ› ๏ธ

At its core, Ordinals theory deals with labeling each satoshi with an "ordinal number" that is uniquely identifiable. Then satoshis could be linked with a collectible or an asset, turning them into transactional atomic units that can be individually tracked and traded.

Bitcoin Ordinals make use of an inscription process. In simpler terms, you can attach any form of digital content onto a , making it a unique digital artifact. Initial tools for this were relatively technical, requiring node operation, but newer, no-code options are emerging for the less technically inclined ๐Ÿ‘ฉโ€๐Ÿ’ป

Ordinals vs Traditional NFTs ๐ŸฅŠ

Bitcoin Ordinals and Ethereum-based NFTs differ fundamentally in how they are stored and valued. While rarity in Ethereum NFTs often comes from attributes of the art itself, the rarity of a Ordinal could be influenced by its block context - say, being the first satoshi in a new block or a mining adjustment period. This provides a fresh outlook on asset valuation within the crypto space.

Risks and Limitations โš ๏ธ

1. Technical Complexity: Minting ordinals has become more accessible in the past months, though these options are not yet universally available across all wallets.
2. Blockchain Size: Since all content is on-chain, this could increase the size of the Bitcoin blockchain, making it less scalable.
3. Fungibility: can impact how we perceive the fungibility of sats, as sats inscribed with valuable content might hold different values๐Ÿ’ฐ

So, will Bitcoin Ordinals be the next big thing, or will they fade into obscurity? Share your thoughts in the comments.

Stay informed and happy farming ๐Ÿšœ๐Ÿ’จ๐Ÿ’ฐ

27/09/2023

๐‡๐จ๐ฐ ๐“๐จ๐ค๐ž๐ง๐ฌ ๐จ๐ง ๐๐ข๐ญ๐œ๐จ๐ข๐ง ๐–๐จ๐ซ๐ค? ๐๐‘๐‚-๐Ÿ๐ŸŽ ๐„๐ฑ๐ฉ๐ฅ๐š๐ข๐ง๐ž๐ ๐Ÿ’Ž

Hello, crypto enthusiasts ๐Ÿ‘จโ€๐ŸŒพ Ever wondered if Bitcoin could offer more than just a "store of value"? Today we explore BRC-20 tokens, the experimental standard that aims to bring the minting and sending of fungible tokens to Bitcoin's . Let's dig in!

๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—•๐—ฅ๐—–-๐Ÿฎ๐Ÿฌ? ๐Ÿค”

BRC-20 serves as Bitcoin's innovative counterpart to Ethereum's ERC-20 tokens. Crafted by the pseudonymous developer Domo in March 2023, these tokens are part of an audacious experiment. Despite being in the very early stage and offering only basic functions like minting, deploying, and transferring tokens have already captivated the market with a staggering total capitalization approaching $1 billion ๐Ÿ’น

๐—›๐—ผ๐˜„ ๐——๐—ผ๐—ฒ๐˜€ ๐ˆ๐ญ ๐—ช๐—ผ๐—ฟ๐—ธ? ๐Ÿ› ๏ธ

BRC-20 tokens operate on the innovative Bitcoin Ordinals protocol, which uniquely identifies each satoshi, Bitcoin's smallest unit. The magic happens through the "inscription" feature using JavaScript Object Notation (JSON) data, allowing the tokens to exist, be minted, and moved around the Bitcoin network. The pioneer in this space was a token aptly named "ORDI," and since its inception, wallets have raced to offer support for this exciting new token class ๐Ÿš€

๐—ช๐—ต๐—ฎ๐˜ ๐—”๐—ฟ๐—ฒ ๐—ง๐—ต๐—ฒ ๐—•๐—ฒ๐—ป๐—ฒ๐—ณ๐—ถ๐˜๐˜€ ๐—ผ๐—ณ ๐—•๐—ฅ๐—–-๐Ÿฎ๐Ÿฌ? ๐ŸŒŸ

1. Fungibility: Just like traditional currency, each BRC-20 token is identical and interchangeable ๐Ÿ”„
2. Security: Enjoy the tried-and-true security of the Bitcoin network, thanks to its robust PoW consensus mechanism ๐Ÿ”’
3. Innovation: BRC-20 tokens are Bitcoin's leap toward functionalities it wasn't initially designed for. They've opened up new horizons on the Bitcoin network ๐ŸŒ…

๐—ช๐—ต๐—ฎ๐˜ ๐—”๐—ฟ๐—ฒ ๐“๐ก๐ž ๐—ฅ๐—ถ๐˜€๐—ธ๐˜€? ๐Ÿšจ

1. BRC-20 tokens are in the experimental phase. Bugs or glitches theoretically could lead to token losses โš ๏ธ
2. The ease of creating these tokens could lead to an oversaturated market, devaluing tokens and making many worthless ๐Ÿ“‰
3. For now, BRC-20 tokens have limited real-world applications, making them risky investments for early adopters ๐ŸŒฑ
4. With a surge in daily transactions, Bitcoin's network is increasingly congested, making transactions slower and more expensive ๐Ÿข
5. The inability to support smart contracts narrows the scope of possible applications, limiting them mostly to meme coins ๐Ÿคก

While the future of BRC-20 tokens remains uncertain, they have certainly added a new layer of innovation to the Bitcoin network ๐Ÿš€

Stay informed and happy farming ๐Ÿšœ๐Ÿ’จ๐Ÿ’ฐ

Photos from Yield Farming Lab's post 25/09/2023

๐’๐ฉ๐ซ๐š๐ฒ ๐๐š๐ข๐ง๐ญ & ๐’๐š๐ญ๐จ๐ฌ๐ก๐ข: ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐€๐ซ๐ญ๐ข๐ฌ๐ญ๐ฌ ๐’๐ฉ๐ซ๐ž๐š๐ ๐๐ข๐ญ๐œ๐จ๐ข๐ง ๐๐ฎ๐ณ๐ณ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐‚๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ‘จ๐Ÿปโ€๐ŸŽจ

Find more: https://twitter.com/streetcyber_

Introducing: MetaMask Snaps Open Beta 22/09/2023

๐‹๐ž๐ฏ๐ž๐ฅ ๐”๐ฉ ๐˜๐จ๐ฎ๐ซ ๐–๐š๐ฅ๐ฅ๐ž๐ญ ๐Ÿ” ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐“๐ก๐ž ๐๐ž๐ฐ ๐Œ๐ž๐ญ๐š๐ฆ๐š๐ฌ๐ค ๐’๐ง๐š๐ฉ๐ฌ ๐…๐ž๐š๐ญ๐ฎ๐ซ๐ž ๐ŸฆŠ

Hello, crypto farmers ๐Ÿ‘จโ€๐ŸŒพ Today we introduce you to the new feature that significantly expands the capabilities of MetaMask - Snaps.

๐Ÿ” What Are MetaMask Snaps?

MetaMask Snaps act like an AppStore for DApps, serving as JavaScript-based extensions to boost the native features of your MetaMask wallet. They empower you to do much more than just basic wallet operations. The possibilities are endless, whether it's gaining insights into your transactions, interacting seamlessly with protocols, or even adding support for blockchains like Bitcoin or Solana ๐Ÿ“ฒ

๐Ÿ›  Why Should Developers Care?

For developers, the level of customizability that MetaMask offer is simply invaluable. With Snaps, you can:

โ€ข Add customized UI elements in MetaMask to make user interactions smoother.
โ€ข Schedule periodic actions, think of them as cron jobs for MetaMask.
โ€ข Extend support for non-EVM-based chains, a huge plus for projects looking to bridge multiple ecosystems.
โ€ข Explore more in official docs ๐Ÿ“„ https://docs.metamask.io/snaps/

โš™๏ธ How Do Snaps Work?

Running in a secure sandbox, Snaps interact with MetaMask through a JSON-RPC API. Of course, user consent is crucial; you'll need to grant specific permissions to each Snap, maintaining complete control over what they can or can't do ๐Ÿ”’

๐Ÿš€ The Future of MetaMask Snaps

MetaMask is evolving towards a fully permissionless Snap ecosystem. For developers, this spells even more room for creativity ๐Ÿ‘จโ€๐ŸŽจ For users, expect a richer, more customizable experience ๐ŸŒˆ

Stay informed and happy farming! ๐Ÿšœ๐Ÿ’จ๐Ÿ’ฐ

Introducing: MetaMask Snaps Open Beta We are excited to launch MetaMask Snaps Open Beta: our first step towards building a permissionless ecosystem. For more information, visit metamask.io/snaps

19/09/2023

๐Œ๐š๐ค๐ข๐ง๐  ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ ๐‚๐š๐ฌ๐ก ๐ข๐ง ๐ƒ๐ž๐…๐ข: ๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐  ๐…๐ฅ๐š๐ฌ๐ก ๐‹๐จ๐š๐ง๐ฌ โšก๐Ÿ’ธ

Hello, crypto farmers ๐Ÿ‘จโ€๐ŸŒพ Ever heard of Flash Loans in the DeFi space and wondered what they are? Today, we'll take a quick look at how such loans work, and some practical use cases that you could find interesting ๐Ÿ‘จโ€๐Ÿซ

What is a Flash Loan? โšก๐Ÿ’ธ

A Flash Loan is a unique feature designed mostly for developers that allows you to borrow assets without needing collateral, as long as you pay back the loan along with a small fee within the same transaction - specifically, within a single block. Imagine borrowing money and paying it back almost instantly, that's a Flash Loan for you.

How Do Flash Loans Work? ๐Ÿ› ๏ธ

1. Initial Call: A smart contract requests a Flash Loan from a liquidity pool.
2. Sanity Checks: The pool conducts basic checks to make sure the loan can proceed ๐Ÿ•ตโ€โ™‚๏ธ
3. Fund Transfer: The amount you requested is transferred to the smart contract.
4. Execute Operation: Here's where the magic happens โœจ The smart contract carries out its intended operation, such as arbitrage or liquidation.
5. Repayment: Finally, the loan needs to be repaid to the pool, along with a fee that's usually around 0.05% ๐Ÿ’ธ

All these steps occur in a single block. If the loan isn't repaid, the entire transaction gets undone, ensuring that the pool doesn't lose any funds.

Types of Flash Loans in Aave ๐Ÿ…ฐ๏ธ

โ€ข Multi-reserve Flash Loan: Allows you to borrow from multiple reserves in a single transaction. This is more complex but can be more powerful ๐Ÿ’ช
โ€ข Single-reserve Flash Loan: Lets you borrow from just one reserve. It's simpler and more gas-efficient โ›ฝ

Use Cases ๐ŸŽฏ

โ€ขArbitrage: Take advantage of price differences between assets ๐Ÿ“‰๐Ÿ“ˆ without needing to own those assets in the first place. Imagine buying low in one market and selling high in another, all within seconds.

โ€ข Liquidations: Liquidation is like a clearance sale. When someone can't pay back their borrowed money, their collateral (like a house in a mortgage) gets "liquidated" or sold at a discounted price ๐Ÿ’ธ You can use a Flash Loan to buy this discounted collateral. Then you can sell it at a higher price, thereby making a profit ๐Ÿค‘

And there you have it! Now you know what are and how they could be used in your contracts. Stay informed and happy farming! ๐Ÿšœ๐Ÿ’จ๐Ÿ’ฐ

AAVE docs: https://docs.aave.com/developers/guides/flash-loans

Can a Human Beat ChatGPT at Trading Crypto? 15/09/2023

๐‚๐š๐ง ๐˜๐จ๐ฎ ๐๐ž๐š๐ญ ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐ข๐ญ๐ก ๐‚๐ก๐š๐ญ๐†๐๐“? ๐Ÿ’น ๐ŸฅŠ ๐Ÿค–

Hey there, crypto farmers! ๐Ÿ‘จโ€๐ŸŒพ ๐ŸŒพ Ever wondered if you could make serious cash trading crypto with the help of ChatGPT? ๐Ÿ’ธ We've found an interesting experiment conducted by Cointelegraph that might give a glance at amateur trading with AI assistance. Enjoy the watch! ๐Ÿ“บ ๐Ÿ‘€

Can a Human Beat ChatGPT at Trading Crypto? ๐Ÿ”ฅ Join us in this intense face-off where Cointelegraph's video journalist, Giovanni Pigni, goes head-to-head with OpenAI's ChatGPT in a Crypto Trading game!...

MisterCh0c on X 13/09/2023

๐‚๐ก๐š๐ญ๐†๐๐“ ๐ฏ๐ฌ. ๐’๐ฆ๐š๐ซ๐ญ ๐‚๐จ๐ง๐ญ๐ซ๐š๐œ๐ญ ๐€๐ฎ๐๐ข๐ญ๐จ๐ซ๐ฌ ๐Ÿค–๐Ÿ•ต๏ธโ€โ™‚๏ธ

Hello, crypto farmers ๐Ÿ‘จโ€๐ŸŒพ! Today we are sharing a fun and educational story ๐Ÿ‘จโ€๐Ÿซ Here's the scoop: The popular Telegram bot Banana Gun recently launched its highly anticipated native token BANANA ๐ŸŒ Within a few hours, the token price crashed by 99 % due to a bug in the smart contract. The Banana team claimed that the bug slipped through not one but two audits ๐Ÿ™ˆ ๐Ÿ™‰

But guess who found it in a few seconds? You guessed it right - our bro ChatGPT ๐Ÿค–

This post is just for entertainment purposes ๐Ÿ™‚ Please, donโ€™t neglect professional audits in favor of AI. But maybe it is a good place to start? ๐Ÿค”

Original drama: https://twitter.com/Mister_Ch0c/status/1701333300374073823

MisterCh0c on X Banana claimed they had 2 audits. So I asked for a third one to my favorite auditor: ChatGPT And it found the bug ๐Ÿ˜ฌ

WabiSabi Coinjoin Explained in 3 Minutes 12/09/2023

๐Ÿ”“ ๐”๐ง๐ฅ๐จ๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐’๐ž๐œ๐ซ๐ž๐ญ๐ฌ ๐จ๐Ÿ ๐‚๐จ๐ข๐ง๐‰๐จ๐ข๐ง๐ฌ ๐ข๐ง ๐๐ข๐ญ๐œ๐จ๐ข๐ง ๐Ÿ”€

Hello, crypto farmers ๐Ÿ‘จโ€๐ŸŒพ Are you interested in enhancing your privacy? Today we explore CoinJoins, the technique that mixes transactions from multiple parties to obscure the origin of each coin, adding an extra layer of anonymity.

Let's be real โ€” this technique is probably more popular among shady characters ๐Ÿ˜ˆ than enthusiasts. Nonetheless, understanding how CoinJoins work might help you decipher scammer behavior in case your funds get stolen. This post is for research purposes only, so let's all stay on the bright side ๐Ÿ˜‡

WabiSabi Coinjoin Explained in 3 Minutes So youโ€™ve heard about Coinjoins, but still have no idea how they work?Watch our short explainer video for WabiSabi coinjoins.Download Wasabi Wallet 2.0https:...

08/09/2023

๐‚๐จ๐ง๐ฌ๐ž๐ง๐ฌ๐ฎ๐ฌ ๐€๐ฅ๐ ๐จ๐ซ๐ข๐ญ๐ก๐ฆ๐ฌ ๐„๐ฑ๐ฉ๐ฅ๐š๐ข๐ง๐ž๐: ๐’๐จ๐ฅ๐š๐ง๐š, ๐€๐ฏ๐š๐ฅ๐š๐ง๐œ๐ก๐ž, ๐š๐ง๐ ๐‡๐ž๐๐ž๐ซ๐š ๐Ÿค

Hello, Crypto Farmers! ๐Ÿ‘จโ€๐ŸŒพ Today we're talking about consensus algorithms, the backbone that ensures transactions get added to the ledgers efficiently and securely. Think of it like the rules in a game that everyone agrees to follow, making sure everyone plays fair and square ๐Ÿ˜‡

๐ŸŒž ๐’๐จ๐ฅ๐š๐ง๐š'๐ฌ ๐๐ซ๐จ๐จ๐Ÿ ๐จ๐Ÿ ๐‡๐ข๐ฌ๐ญ๐จ๐ซ๐ฒ (๐๐จ๐‡)

Solana's Proof of History is unique because it introduces a temporal element. In 's network, a specialized node called the "Leader" is responsible for generating a historical record that proves that an event has occurred at a specific moment in time. This is accomplished by assigning a unique timestamp to each transaction and sequencing them before forwarding to validator nodes ๐Ÿ“

This temporal structuring allows for the parallel processing of transactions, enhancing the throughput and overall speed of the network. The Leader essentially acts as a master clock that timestamps every transaction, enabling other nodes to process them in parallel without worrying about the sequence.
Learn more https://docs.solana.com/cluster/synchronization

โ„๏ธ ๐€๐ฏ๐š๐ฅ๐š๐ง๐œ๐ก๐ž ๐‚๐จ๐ง๐ฌ๐ž๐ง๐ฌ๐ฎ๐ฌ

In , nodes reach a consensus through a randomized subsampling method. Nodes will query a random set of peers in the network to see if a particular transaction is valid. This is done using a gossip-style protocol where information is spread quickly and efficiently โ›ท

If a node receives a 'yes' from a supermajority of its queried peers, the transaction is deemed valid and the node moves on to the next step. This is an ongoing, rapid process, ensuring transactions are confirmed quickly, without requiring every node in the network to participate in the vote.
Learn more https://docs.avax.network/learn/avalanche/avalanche-consensus

#๏ธโƒฃ ๐‡๐ž๐๐ž๐ซ๐š'๐ฌ ๐‡๐š๐ฌ๐ก๐ ๐ซ๐š๐ฉ๐ก ๐‚๐จ๐ง๐ฌ๐ž๐ง๐ฌ๐ฎ๐ฌ

Unlike traditional blockchain structures, uses a directed acyclic graph, commonly referred to as a Hashgraph. Its consensus algorithm also employs a gossip protocol, but with a twist โ€” nodes gossip not just about transactions but also about the gossip itself, known as "gossip about gossip" ๐Ÿ—ฃ๐Ÿ‘‚๐Ÿป

When a node communicates transaction information to another node, it also shares the history of how it learned that piece of information. This layered information sharing enables the network to reach a consensus quickly without requiring a Leader or real voting. The nodes can simply look at the Hashgraph and, based on the timestamps and the history of how information spread, determine the most likely true sequence of events.
Learn more https://docs.hedera.com/hedera/core-concepts/hashgraph-consensus-algorithms

Now you have a deeper insight into how these different achieve . And with knowledge, you can make informed decisions. Stay informed, and Happy Farming! ๐Ÿšœ๐Ÿ’จ

SaucerSwap: The Pioneering DEX on Hedera 06/09/2023

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐˜๐ข๐ž๐ฅ๐ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐จ๐ง ๐‡๐ž๐๐ž๐ซ๐š ๐๐ž๐ญ๐ฐ๐จ๐ซ๐ค ๐Ÿšœ๐ŸŒพ

Hello, crypto farmers ๐Ÿ‘จโ€๐ŸŒพ Today we are taking a ride into the uncharted territory of yield farming - the Hedera network! ๐Ÿš€

๐Ÿ” What's Hedera?

Hashgraph is a decentralized, open-source, proof-of-stake public ledger with unique features. The most interesting for yield farmers include fast finality, low, predictable fees, and fair transaction ordering protecting from MEV attacks. Learn more from the official site https://hedera.com/

๐Ÿ›ธ Exploring Farming on SaucerSwap.Finance

For our research purposes, we chose the most popular DEX on Hedera https://www.saucerswap.finance/

๐Ÿšจ ๐™๐™๐™ž๐™จ ๐™ž๐™จ ๐™‰๐™ค๐™ฉ ๐™๐™ž๐™ฃ๐™–๐™ฃ๐™˜๐™ž๐™–๐™ก ๐˜ผ๐™™๐™ซ๐™ž๐™˜๐™š ๐™ค๐™ง ๐˜ผ๐™™๐™จ, ๐˜ฟ๐™”๐™Š๐™ ๐™–๐™ฃ๐™™ ๐™™๐™ค๐™ฃ'๐™ฉ ๐™—๐™š๐™ฉ ๐™ฉ๐™๐™š ๐™ก๐™–๐™จ๐™ฉ ๐™ฅ๐™–๐™ฃ๐™ฉ๐™จ ๐Ÿ‘–

After exploring farm options we came across the USDC (HTS) - USDC pool. At the moment of writing, it offers ~15 % APY which is quite good for a stablecoin pair. If you are curious about HTS's meaning, it stands for Hedera Token Service, some "local magic โœจ" that enables the creation and management of network-native tokens.

๐Ÿ‘จโ€๐ŸŒพ Farming Steps ๐Ÿพ

0๏ธโƒฃ You need to suit up with Hedera specific wallet to enter the game ๐Ÿ‘› Try Hashpack as the most popular option.

1๏ธโƒฃ You'll need to get some HBAR tokens. It's like ETH for Ethereum. You can buy those on Binance for example. Alternatively, you may bridge your from other networks using bridges like https://hashport.network/ (DYORโ—)

2๏ธโƒฃ Swap your HBAR for some pool tokens, USDC in our case. The swap works in a similar way with any other , we believe you can figure it out at the drop of a hat ๐ŸŽฉ

3๏ธโƒฃ Now that you have all the tokens go to the farm page, find the desired pair, set up the amount, and click the deposit button. That's it! Now just wait for your to grow โณ

4๏ธโƒฃ When it's time to harvest your crops just follow the above steps in reverse order ๐Ÿ” ๐Ÿ’ฐ

Now you are all set for farming on Hedera Hashgraph. Don't forget to DYOR and happy farming! ๐Ÿšœ๐Ÿ’จ๐Ÿ’ฐ

SaucerSwap: The Pioneering DEX on Hedera SaucerSwap. An innovative suite of DeFi services. Trade, earn, and stake diversified funds across ecosystems, leveraging the speed and aBFT-grade security of Hedera.

04/09/2023

๐•๐š๐ฅ๐ข๐๐š๐ญ๐จ๐ซ๐ฌ ๐–๐š๐ซ๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ข๐ ๐ ๐ž๐ฌ๐ญ ๐’๐ญ๐š๐ค๐ž ๐Ÿฐ

Hey there, Crypto Farmers! ๐Ÿ‘จโ€๐ŸŒพ Have you heard the latest debates about self-limiting in Ethereum staking? Pull up your chair we will tell you a cool story! ๐Ÿš€

๐“๐ก๐ž ๐๐ž๐ฐ ๐’๐ž๐ฅ๐Ÿ-๐‹๐ข๐ฆ๐ข๐ญ ๐‘๐ฎ๐ฅ๐ž ๐Ÿ“

So here's the plot: Some of the providers in Ethereum liquid staking like Rocket Pool, StakeWise, Stader Labs, and Diva Staking have all agreed to limit themselves to owning no more than 22% of the staking market ๐Ÿค

The idea was proposed by Ethereum developer Superphiz as an attempt to address growing Ethereum centralization concerns. The interesting fact is that no one from the above list currently owns even 5 % of the market.

๐†๐ฎ๐ž๐ฌ๐ฌ ๐ฐ๐ก๐จ ๐๐ข๐ ๐ง๐จ๐ญ ๐š๐ ๐ซ๐ž๐ž ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฉ๐จ๐ฌ๐š๐ฅ? ๐Ÿค”

Lido Finance, the biggest staker in the Ethereum market, is not joining everyone's picnic. They voted by a massive 99.81% majority NOT to limit their market share. Quite an obvious outcome taking into account that currently holds ~32 % of all staked Ether!

๐–๐ก๐š๐ญ ๐๐จ๐ž๐ฌ ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ญ๐ก๐ข๐ง๐ค ๐š๐›๐จ๐ฎ๐ญ ๐ข๐ญ? ๐Ÿ—ฃ๏ธ

Opinions are divided, to say the least. Some folks think itโ€™s all about more โ€” fostering credible neutrality and permissionless innovation. Others call out the self-limit proponents, claiming they'd toss these "altruistic" rules out the window if they were the ones leading the pack ๐Ÿค”

What is your opinion on this debate? Share your thoughts in the comments ๐Ÿ“ข

As always, stay safe and happy farming! ๐Ÿšœ๐Ÿ’ฐ

Check more on X: https://twitter.com/MikeIppolito_/status/1697284080453165264

25/08/2023

๐˜๐จ๐ฎ๐ซ ๐•๐จ๐ข๐œ๐ž ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ: ๐‡๐ž๐ฅ๐ฉ ๐”๐ฌ ๐Œ๐š๐ค๐ž ๐˜๐ข๐ž๐ฅ๐ ๐…๐š๐ซ๐ฆ๐ข๐ง๐  ๐Œ๐จ๐ซ๐ž ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐ญ ๐š๐ง๐ ๐€๐œ๐œ๐ž๐ฌ๐ฌ๐ข๐›๐ฅ๐ž! ๐ŸŒพ๐Ÿ’ผ

Hello, fellow crypto farmers! ๐Ÿ‘จโ€๐ŸŒพ For the past few months, we've been analyzing the most common challenges faced by the yield farming community. We've scoured forums, social media, and your direct feedback to pinpoint the real pain points. Now, it's time to share our proposed solution, directly shaped by your experiences. Your insights could bring this solution to life or guide us to refine it.

๐‡๐ž๐ซ๐ž ๐ข๐ฌ ๐–๐ก๐š๐ญ ๐–๐ž ๐‡๐ž๐š๐ซ๐ ๐…๐ซ๐จ๐ฆ ๐˜๐Ž๐”๐Ÿ‘‚

The most popular comments look like the below quotes.

1. "Managing yield farming on different platforms is a nightmare. Need a one-stop solution."
2. "Got rug pulled in a yield farming project. Wish there was a way to know the legitimacy beforehand."
3. "I want to get into yield farming, but it's so confusing. Need a simpler platform."

๐๐ซ๐จ๐ฉ๐จ๐ฌ๐ž๐ ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐Ÿ”ง

1. Build a Unified User Interface to connect directly to popular yield farming protocols (beefy, yearn, harvest, convex, alpaca, etc.), creating a one-stop solution to address problems 1 and 3. While there are some existing dashboards, we didn't find a UI solution that allows us to interact directly with farming smart contracts from popular protocols.
2. AI-Based Contract Scoring. Integrate an AI system that scores farming contracts by analyzing the code and real-time market data. Updated daily, these scores can help users make informed decisions based on risk tolerance.
3. Add more clear metrics. Standard APY may fluctuate on a daily basis. Also, platforms may calculate it differently, sometimes in their own interest. While we won't remove APY, we can provide more stable PNL-like metrics, such as daily, monthly, or yearly USD price movements.

๐–๐ก๐ฒ ๐“๐ก๐ข๐ฌ ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง? ๐Ÿค”

1. Ease of Use: Bringing everything under one platform simplifies the user experience.
2. Direct Interaction with Protocols: You can interact with your favorite yield farming protocols directly, without any additional smart contract layer on top of it. This ensures that the platform's operation is transparent, and you're always in control.
3. Transparency: Daily updates on contract scores provide transparency and foster trust.
4. Accessibility: A simpler interface and clear metrics make yield farming accessible to newcomers.

๐–๐ž ๐๐ž๐ž๐ ๐˜๐จ๐ฎ๐ซ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ! ๐ŸŽ™

Your feedback is crucial. Please take a moment to leave a comment, and criticize. Share this post with your crypto fellows. Let's make farming great again! ๐Ÿšœ๐Ÿ’จ

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