Sublime

Prices of assets in the pool are algorithmically determined using the Automated Market Maker (AMM) algorithm. AMM works by maintaining a Constant Product based on the amount of liquidity on both sides of the pool. Let’s continue the ETH-DAI liquidity pool example, using 100 ETH and 20,000 DAI. To calculate the Constant Product, Uniswap will

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My thoughts on $LIGHT When I initially saw Heaven and their 27 mil ICO my initial reaction was “oh great another launchpad which has just siphoned 8 figs out of the trenches”. Which I’m guessing was the reaction for a majority of those who hadn’t dug too deeply into the mechanics or read... See more

Brutal crash, but DeFi stands strong: • No major increase in Lido stETH withdrawal queue • No major LST depegs: weETH by 1%, ezETH by 0.6%, stETH by 0.4% from ETH • ETH gas spiked to 370 gwei, now stable at ~20 • No significant DeFi... See more