TL;DR - this article is very high-level and provided an overview for the source of APY of different kinds of DeFi product including DEX, yield aggregator and treasury management with a few examples on Arbitrum. Highlights including:- If a protocol can’t easily define where the yield is coming from, it’s a red flag. How a protocol can generate yield... See more
I don’t know who wants to hear this, but looking at prices, graphs, rainbows, previous halvings etc is all, very obviously, astrology for men
Ultimately it all comes down to macro and belief
Soulbound Tokens have create a lot of discussion on Twitter. I am aggregating all the posts in this thread.
Please comment any posts that feel important to you.
Benefits of having fully on-chain SBTs:Non-transferability of SBT would suggest that a permissionless blockchain consensus mechanism is not strictly necessary, as the only transactions involved would be the issuance, state updates, and verification of credentials. However, pure on-chain identity will make the integration with existing on-chain prot... See more
The modern financial system is a market for promises that involve large degree of trust. Human systems are incapable of executing all promises due to interests and goals that could go against them. The inability to commit to promise enforcement limits the set of promises that can be made. And this is the fundamental problem that blockchain as an al... See more