Avsnitt
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Polygon Alpha Podcast - Episode 0026 - March 24, 2023
TimeSwap - Ricsson Ngo, Harshita Singh, Ameeth Devadas
LinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
~~~~~~~~~~~~~~~~~~~~~~TimeSwap
* Decentralized and oracle-less fixed time preference protocol
* Timeswap is a fixed time preference protocol for users to manage their ERC20 tokens over discrete time.
* It works as a zero liquidation money market and options market in one.
* Users can lend tokens into the pool to earn fixed yields.
* They can also borrow or leverage tokens against other tokens, without the fear of liquidation.
* Liquidity providers (different from lenders) create markets for any pair of tokens, adding liquidity, and being the counterparty to all lenders and borrowers of the protocol.
* In return, they earn transaction fees from both sides of the market.
* Timeswap utilizes a unique constant sum options specification and an ingenious duration weighted constant product automated market maker (AMM) similar to Uniswap AMM.
* It is designed to not utilize oracles, is capital efficient, permissionless to deploy, game theoretically sound in any state of the market, and is easy to use.
* Timeswap works on a duration weighted constant product automated market maker (AMM)
Key Features of Timeswap
* Permissionless - Liquidity providers can create pools for any ERC20 pair, without permission.
* Oracle-less - Timeswap works without any oracles and it discovers the interest rate and collateral factor through free market arbitrage.
* Most importantly, this makes the tokens safe and immune to oracle manipulation attacks.
* Perfect Price Range - Timeswap V2 has implemented an ingenious feature where the collateral factor is always over-collateralized i.e. it stays above one hundred percent no matter how large the lending transactions are. Under-collateralized loan by definition is a guaranteed arbitrage.
* By limiting the price range to where it is always over-collateralized, increases the price efficiency and lower slippage costs for both lenders and borrowers.
* Self Healing - Timeswap's well-designed free market AMM has the ability to self-heal its state and price based on the preference of the free market no matter what the market price may become or how fast it changes.
* It does not matter how fast the spot price, interest price, and collateral factor of the pair go down or goes up.
* It does not matter if it is a bear market or a bull market.
* Symmetric Market - Timeswap V2 has a sound AMM having a perfect symmetry for lending and borrowing.
* This leads to efficient pricing for the market.
* Lenders can withdraw their funds before maturity given a small penalty, while borrowers can pay their debt with a discount before maturity.
* Liquidity providers can also withdraw their liquidity before maturity.
* Bidirectional Pool - In Timeswap V2, the pairs are now bidirectional, giving it greater capital efficiency and flexibility.
* Lenders can lend either token A and/or token B into the same pool, while borrowers can leverage on token A and/or token B in the same pool, using token A and/or token B as collateral.
* Gas Efficient - Timeswap does not use the Black-Scholes formula to determine the price of the option.
* Instead, the protocol provides the price based on a simple constant product formula very similar to Uniswap.
* This makes the protocol more gas efficient.
* This also makes it very easy for anyone to intuitively create money markets for their tokens, without the need of learning complicated financial formulas.
* Past Independent AMM - Timeswap is designed to be past-independent and not historically biased on the pricing.
* It does not have any historical data stored in the AMM that determines the price, which gives it zero past data bias, and pricing that perfectly follows the present decisions of the free market.
* Capital Efficient Liquidity -Timeswap V2's new design improves the liquidity capital efficiency by more than double, making it more lucrative for liquidity providers to join the protocol.
* The revenue mechanics and divergent cost mechanics have also been improved to further make liquidity provision more profitable.
~~~~~~~~~~~~~~~~~~~~~~Thank you so much for watching the video, if you’ve not subscribed to the channel please do! We’ll continue to bring new videos to you!
Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Polygon Alpha Podcast - Episode 0025 - March 10, 2023
Miguel Morel - CEO of Arkham IntelligenceLinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
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RSS feed - https://api.substack.com/feed/podcast/863588.rss
Arkham Intelligence
Arkham is an intelligence platform that provides information on the real-world entities and individuals behind crypto market activity.Capabilities - Some things you can do with Arkham:
* See the entities & individuals behind pseudonymous crypto wallet addresses
* See what top traders/investors are doing in real time & using historical data
* Predict future market movements by using on-chain data to track the flow of funds
* Track your portfolio and historical performance
* Conduct due diligence
* Conduct research on & observe illicit fund flows - on-chain sleuthing
* Inform your research & reporting using real-time on-chain data & analytics
Features - The platform is currently in Beta & is constantly evolving with new features added regularly
* Entity Page: See a complete view of the activities of any entity or address. You can view their portfolio, historical balances, exchange usage, P&L, and top counterparties, as well as a list of transactions which can be sorted and filtered
* Visualizer: Translate raw, blockchain transactions into clear network maps.
* Dashboards: Build & share unique dashboards of these entities and addresses.
* Filtering: You can filter and sort transactions across the platform to only see what you want to see. You can filter and sort by: time, counterparty, token, token amount, & USD Value.
* Alerts: Set custom alerts for on & off-chain activity & view their history against pricing & other important signals
* Explorer: Full block explorer. View specific details on any transaction.
~~~~
Thank you so much for watching the video, if you’ve not subscribed to the channel please do! We’ll continue to bring new videos to you!
Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Saknas det avsnitt?
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Polygon Alpha Podcast - Episode 0023 - November 15th, 2022
Tarun Chitra - Gauntlet Network & Aera FinanceLinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
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Aera Finance
- The notion of “finance for the people” can be traced back to the days of ancient Rome.
- Aera is derived from the word Aerarium, a public treasury in Rome, housed in the Temple of Saturn and associated with wealth in Roman mythology.
- As a central clearinghouse, it managed and balanced all public accounts.
- Aera is the world’s first autonomous, data-driven treasury management protocol.
- Automatic. By rebalancing the portfolio automatically, the treasury may be managed in a timely manner across bear and bull markets.
- Data-Driven. Funds may be rebalanced based on actual DAO protocol liabilities and market conditions. By using this data, DAOs are better able to maintain assets to cover liabilities at any given time, while also benefiting from growth in the market.
- Transparent. Third party Guardians submit work publicly, on-chain to ensure your goals are met. In addition, historical performance and amount staked will all be visible.
- Decentralized. Every day, experienced Guardians compete to propose the best combination of assets in your portfolio. This is weighted algorithmically and executed on chain.
- Lower the cost of borrowing. Because there is increased confidence the treasury can cover the loan book, interest rates may be lowered as less capital is required to be kept in reserves or insurance funds.
- Increase Capital Efficiency. With increased confidence that DAO treasuries can cover the liabilities, protocols may decide to lower collateral requirements.
- Spend less on liquidity. Make sure your treasury has the liquidity it needs in the most adverse of times.
- Minimize governance. With Aera, DAOs can effectively manage their treasuries with the assistance of a decentralized network of Vault Guardians.
- Aera works with Gauntlet and Auditless to set the standard for DeFi intelligence with cutting-edge research, pushing the limits of decentralized treasury management.
~~~~
Thank you so much for watching the video, if you’ve not subscribed to the channel please do! We’ll continue to bring new videos to you!
Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Polygon Alpha Podcast - Episode 0023 - November 10th, 2022
Mario Zavala - Revert Finance
LinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
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Revert Finance
- Time-vested incentives programs for Uniswap v3
- While Uniswap v2 was prime farming land in the summer of 2020, incentivizing liquidity on Uniswap v3 has not yet taken off.
- Revert develops analytics and management tools for liquidity providers in AMM protocols.
- Incentivizing liquidity in Uniswap v3 has not really worked out as well as a lot of us expected.
- The v3staker is a brilliant mechanism, and security-wise it also leaps ahead of what we had in the Uni v2 days.
- Instead of a thousand different forks, one for each farm, we have a canonical contract where any project can create an incentive program and any LP can stake.
- This contract can (and has been) audited, and there is no need to verify each new reward contract individually.
- The problem is that by deploying liquidity in a very narrow price range, a proportionally small amount of capital can capture most of the rewards
- The dominating strategy, as seen in the Ribbon liquidity mining program, is to automate the creation of very narrow positions to maximize rewards capture.
- This leads to mercenary liquidity instead of rewarding long term holders and LPs.
- We think there’s a simple solution to this problem: having a reward vest over a certain period.
- This prevents the ultra-concentrated strategy from being successful as it would quickly go out-of-range and without having vested their rewards
- Revert is going to test this out by incentivizing 8 Uniswap V3 pools on Polygon with 150k MATIC over 28 days, ending on December 21.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the October 26, 2022 installment of “Polygon Alpha” with John Paller, Executive Steward at OpolisLinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
Apple - Follow the show on Apple Podcast!
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RSS feed - https://api.substack.com/feed/podcast/863588.rss
Opollis
- The Employment Commons is a Limited Cooperative Association registered in the State of Colorado.
- Its purpose is to provide Benefits, Payroll and Shared Services for independent workers like solopreneurs, sole-practitioners, independent contractors, gig workers, digital nomads, freelancers and the like.
- Opolis, Inc. is the elected “Trustee” which provides services (administrative, marketing, technology) to the Commons and its Members.
- Together we are the Opolis Employment Commons - The legal name of the cooperative is The Employment Commons, LCA.
- “The Commons” is a term we use to refer to this entity and is one in the same. - Anyone who self-identifies as a freelancer, solopreneur, sole-practitioner, gig worker, independent contractor, digital nomad and the like.
- We have Members who are real estate agents, therapists, software developers, designers, clergy, teachers, consultants & more.
- Opolis is neutral to the work you do and provides a toolset that almost everyone needs (and probably already pays too much for!)
- Employee Members are individuals who are co-employed by an entity that they control and the Employment Commons.
- These Members are consistently paid semi-monthly through the platform.
- Employee Members are also the only voting Members of the Employment Commons.
- They may earn a louder voice through WORK Rewards as they consume services and as the community grows.
- This class of Member is currently only available to those qualified to work in the United States.
- A Contributing Member is someone who contributes value to the Opolis Employment Commons in ways other than being an Employee Member, such as: a referral source, a channel partner, a technology contributor and/or a WORK Rewards staker.
- They do not hold employment or consume Shared Services from the Commons.
- They are, however, included as Members in the WORK Rewards program and patronage calculation for potential distribution of profits/dividends should they come available.
- It is important to note that Employee Members can also contribute to the Commons in the above ways.
- Non-Member Contributors are those who participate in referrals or staking activities without going through the formal process of becoming a Member.
- These parties will be qualified to receive WORK Rewards, but will not be qualified for patronage-based dividends or profit sharing should they become available. - Currently, Employee Membership is limited to individuals who are qualified to work in the United States.
- Opolis are expanding to Ontario and British Columbia provinces in Canada on January 1, 2023.
- Those residing outside of the United States, and those not able to be or interested in being Employee Members, may become Contributing Members.
- There is a 1% Community Fee which Members pay that is calculated by the total consumption of your services (payroll + benefits).
- This number will also match the number provided to you on your periodic billing statement from Opolis.
- There are no subscription fees or other hidden fees to worry about.
- No catch.
- The next generation of platforms will be owned by its users. We call them “Members”.
- Opolis is on the forefront of this movement and believe it is the path to a whole new generation of value creation for people.~~~~
Thank you so much for watching the video, if you’ve not subscribed to the channel please do! We’ll continue to bring new videos to you!
Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the October 26, 2022 installment of “Polygon Alpha” with Alexander Guy - Head of Marketing and Growth at Zerion!LinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
Apple - Follow the show on Apple Podcast!
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RSS feed - https://api.substack.com/feed/podcast/863588.rss
Zerion
- Zerion Wallet is a non-custodial cryptocurrency wallet that secure open source technologies and lets you stay in control of your private keys and seedphrase.
- Instead of acting as custodian for your crypto (like exchanges do), Zerion Wallet stores your private keys locally on your device and not on a central server. And your crypto assets are stored on the blockchain.
- You can access the assets using the private keys that are encrypted and safely stored on your phone.
- This is arguably the safest way to hold crypto — hackers won’t even know that you have assets in a Zerion Wallet (unless of course you talk about it online).
- Even the Zerion team doesn’t know who you are and which crypto address belongs to you.
- The smart contracts that Zerion Wallet uses were independently audited by Trail of Bits and Vulners.
- These smart contracts have safely processed over $1.2 billion in crypto transactions. You can send assets from any crypto exchange or a crypto wallet app.
To transfer crypto from an exchange, click withdraw in your exchange or ‘send’ in your and wallet app and enter the address of your Zerion crypto wallet.
- You can also buy crypto in Zerion Wallet: just tap the blue button in the center of your screen, select ‘Buy’, and you will be taken to the dialogue window where you can buy crypto with a credit or debit card.
- Please note that you will not be able to transfer crypto from Revolut, PayPal or a similar neobank that does not offer crypto withdrawals.
- Zerion Wallet offers a built-in DeFi portfolio tracker, which automatically finds and tracks all your DeFi positions, debts, and rewards.
- You can find all your DeFi portfolio by tapping the ‘Tokens’ section and then changing the layout to ‘By Platform’ to arrange your assets by protocol.
- Zerion integrated DeFi tracking for over 500 protocols so it’s very likely that your DeFi assets will be tracked.
- Not Financial Advice.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum.
Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the October 13, 2022 installment of “Polygon Alpha” with Eric Parker and Ethan Parker - co-founders of Giddy!LinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
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Giddy Wallet
- The Giddy native mobile application is a self-custody crypto wallet that provides easy access to decentralized finance (DeFi) opportunities, so users can earn passive income on the blockchain.
- Banks aren't providing interest rates that are going to beat inflation, so Giddy is on a mission to provide financial freedom to more people through the power of DeFi!
- Giddy brings together several elements of decentralized finance into a single easy-to-use mobile application.
- Giddy is unique in providing a self-custody crypto wallet that has a recoverable private key, fiat onramp and offramp capabilities, and single-swipe staking into multiple DeFi protocols.
- Most of all, Giddy is focused on making DeFi accessible to everyone, not just crypto enthusiasts.
- Giddy’s mission is to make decentralized finance accessible to everyone.
- Unlike other crypto projects that require users to have extensive experience and knowledge of the blockchain, Giddy was built with the everyday user in mind.
- If you're able to meet the requirements to download the Giddy mobile app in the App Store and Google Play, you can create an account with Giddy.
- The Giddy mobile application is is a self-custody crypto wallet, meaning we do not store your private key, nor can we access it!
- Only you can access your private key with your multi-identity authentication, which means you own your funds.
- Your keys, your crypto.
- Because Giddy is a self-custodial wallet, you are ultimately responsible for managing the safekeeping of your authentication credentials.
- Giddy's cutting-edge key management gives you the ability to secure your private key across multiple identity factors, and also gives you the unparalleled flexibility to recover a private key if a factor (such as your mobile device) is compromised or destroyed.
- Giddy provides you with access to decentralized finance opportunities on blockchain networks.
- Organizations that operate on the blockchain may offer a variety of financial products, such as swapping, lending, and/or borrowing crypto in exchange for fees, interest, and/or yield.
- Before Giddy, these decentralized finance opportunities were only accessible by sophisticated crypto degens, so we built Giddy to provide everyone with the same opportunity to earn passive income from the blockchain.
- Passive income from decentralized finance activities such as staking and liquidity farming carries with it additional risks which could include permanent loss of funds.
- Consult a professional before investing money on the blockchain.
- Never invest more money than you can afford to lose.
- Not Financial Advice.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum.
Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the October 6, 2022 installment of “Polygon Alpha” with Jack Chong and TJ (Teej) Ragsdale - the authors of The Unreal Primer on Real World AssetsLinkTree - https://linktr.ee/polygonalphapodcast
YouTube - https://www.youtube.com/c/PolygonTV
Apple - Follow the show on Apple Podcast!
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RSS feed - https://api.substack.com/feed/podcast/863588.rss
The Report: An Unreal Primer on Real World Assets
An Unreal Primer on Real World Assets
I. Ontology: The Dualism of Real World Assets
- Birth: Create new assets
- Rebirth: Adapt existing assets
II. Problem: In Need of a Standard
III. Solution: Protocol Wars
- The Battle for Standards for Representation and Ownership of Assets
- The Battle of Infrastructuralists
- The Battle of Asset Specialists
IV. Prediction: Adoption Dynamics at the Tails of Two Systems
- DeFi eats long tail assets first
- Capital: Demand from Asset Managers
- Capital: Demand from Crypto-Native Organizations
- Supply: Origination from Asset Managers & Web2 Fintech
- FinTechs Incubating Proprietary DeFi Protocols
- From RWA to DeFi: Flexport
- A Dialectic: Pincer Adoption, Cost Curves, and Value Accrual
V. The Landscape - Infrastructuralists
- Stablecoins
- Liquidity Pools
- Layer 1s
- Oracles
- Tokenization/Securitization
- Security Tokens/Secondary Markets
- Regulatory
- Asset Specialists
- Real Estate
- Emerging Market Credit
- Revenue-Based Finance (RBF)
- Trade Finance
- Insurance
- Synthetics
- Treasuries
- Agriculture
- ReFi
- Physical Infrastructure Finance
- Yield Aggregators and Portfolio Management
- Collectibles
- Miscellaneous/Mystery Flavor
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the September 27, 2022 installment of “Polygon Alpha” with Leighton Cusack - Co-founder of the PoolTogether Protocol.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
Apple - Follow the show on Apple Podcast!
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RSS feed - https://api.substack.com/feed/podcast/863588.rss
PoolTogether Protocol
- PoolTogether is a prize savings protocol, enabling you to win by saving.
- Deposit USDC for a chance to win
- Participate in daily prize draws
- Withdraw your deposit any time - even if you don't win!
- Every dollar you deposit gives you a chance to win prizes. The more you save, the higher your odds!
- PoolTogether is one of the first and most widely used DeFi (Decentralized Finance) applications and has been live for over three years.
- Since its inception, the protocol distributed over $5 million in prizes to depositors. The luckiest winner so far deposited $74 and won over $40,000.
- This is possible because prizes are made up of the interest that accrues on all deposited funds:
🏦 Users deposit into the network
📈 Yield accrues on all deposits
🏆 The yield is randomly awarded as prizes to the users.
- PoolTogether is a Prize Linked Savings account powered by the blockchain. It's:
a) Provably fair - Prize draws at PoolTogether are transparent: anyone can confirm who won, when, and why.
b) Globally accessible - The protocol empowers everyone to save. It offers a level playing field where every user enjoys the same conditions.
c) Fully non-custodial - No one but you has access to your deposited funds. PoolTogether is non-custodial, meaning users can redeem their money from the pool at any time.
d) Open-source & secure - The protocol is made up of computer software: smart contracts living on the blockchain. The code is open-source for everyone to verify and validate. On top of that PoolTogether undergoes regular audits.
e) Decentralized - PoolTogether is user-owned and user-driven. Control over the protocol rests in the hands of the community holding the POOL token. Find out more about governance
- Prizes are generated on the interest earned on deposited funds.
- When a deposit is made into PoolTogether that deposit is automatically routed to other decentralized finance protocols like Aave to begin earning interest.
- Protocols like Aave are "fully liquid" meaning deposits can be withdrawn at any time.
- Additionally, interest accrues every ~15 seconds. Anyone who borrows from Aave must deposit collateral that is greater in value than what they are borrowing.
- This ensures that loans are never defaulted on.
- PoolTogether is a non-custodial protocol.
- That means no one has the ability to control the funds deposited.
- All deposits and withdraws are conducted automatically by the smart contracts making up the PoolTogether protocol.
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the September 23, 2022 installment of “Polygon Alpha” with Boyan Barakov & Daigaro Cota - Co-founders of Fuji Protocol.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
Apple - Follow the show on Apple Podcast!
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RSS feed - https://api.substack.com/feed/podcast/863588.rss
Fuji Protocol
- Many protocol aggregators already exist on the subject of decentralized exchanges and yield optimization.
- However, practical lending-borrowing aggregators with a focus on minimizing cost for borrowers still do not exist.
- Fuji sets out on a mission to fix this.
- The idea of a lending-borrowing aggregator was born during ETHGlobal "MarketMake" hackathon in January 2021, where the founders met.
- Problems DeFi borrowers face today include:
1) High volatility - Variable rates change constantly due to market supply and demand. Users who choose to borrow from the cheapest provider today can find themselves paying a lot more interest just a few days after.
2) High management costs - Managing a debt position is time-consuming. It requires resources to monitor borrowing rates and to take appropriate actions based on market conditions. High gas fees increase transaction costs.
- Fuji DAO built the first borrowing aggregator. - It aims to optimize loan expenses for DeFi users.
- The protocol achieves this by constantly monitoring borrow markets and whenever there is a better rate, it automatically refinances the whole pool of debt.
- The advantages of Fuji compared to interacting directly with a base protocol are:
1) cost optimization - minimize the interest paid by borrowers
2) economics of scale - pooling funds together reduce the transactional costs by sharing fixed costs
3) time-saving - removal of constant attention users need to pay to find optimal rates
4) smooth UX - manage easily all debt positions from one place
- Fuji DAO creates vaults where users deposit a single asset as collateral and borrow against it another asset.
- For example, in the ETH/DAI vault, users deposit ETH and borrow DAI.
- Thus, isolating debt positions allows for better risk management and the most effective interest rate optimizations.
- When users borrow from a Fuji vault, the needed liquidity gets sourced directly from the base protocol proposing the best rate (Compound, Aave, dYdX, and more to come).
- The protocol keeps track of users' individual positions and assures the overall vault's health through a classical liquidation mechanism.
- To avoid liquidation, users need to maintain the proportion of their debt to the amount of collateral they provided above a certain threshold.
- When market conditions change and there's a provider with a lower borrow rate for a certain asset, the protocol triggers a rebalance operation and refinances the whole position of the vault.
- In that way, users instantaneously get a better rate on their loans without the need to take any action on their side.
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the September 13, 2022 installment of “Polygon Alpha” with Dave Connor, co-founder & Ashar Shahid, core protocol developer at API3.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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API3
- API3 is a collaborative project to deliver traditional API services to smart contract platforms in a decentralized and trust-minimized way.
- It is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. Therefore, its code is open source and its operations are transparent.
- The vast majority of the external integrations that decentralized applications need are to commercial Web APIs that traditional businesses have built to monetize their data and services.
- Therefore, what is widely known as the oracle problem is in practice an API connectivity problem.
- Existing oracle solutions fall short because they fail to make this distinction, resulting in inferior solutions that depend on third-party oracles and ecosystems that exclude API providers.
- By refining the definition of the problem, API3 aims to provide a much more optimal solution.
- At its core, API3 brings the ability for API providers to easily run their own oracle nodes.
- This allows them to provide their data on-chain, without an intermediary, to any decentralized app (dApp) interested in their services.
- At the heart of this mechanism sits Airnode, an open-source oracle node.
- It's designed to be easily deployed by any API provider with almost no maintenance.
- Because of Airnode, dApp developers can write smart contracts to interact with the on-chain data of API providers.
- Airnode is designed with mechanisms to remove the on-chain or off-chain concerns of API providers.
- The set-and-forget framework of Airnode is all about ease of implementation.
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the September 8, 2022 installment of “Polygon Alpha” with Nicholas Fett - CTO at the Tellor Oracle Protocol.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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Tellor Oracle Protocol
- Tellor is a decentralized oracle protocol that incentivizes an open, permissionless network of data reporting and data validation, ensuring that data can be provided by anyone and checked by everyone.
- Built for any data type, our network of reporters supports your basic spot prices, more sophisticated pricing specs (TWAP/VWAP), Snapshot Vote Results, or any custom data needs you have.
- If your data can be verified, Tellor can bring it on-chain.
- Blockchains such as Ethereum only have access to a limited amount of information. They are great for tracking an account's cryptocurrency balance, for example.
- If you want your smart contracts to use information about the outside world such as cryptocurrency prices, sporting events, or weather, that data has to be put on chain somehow.
- One way of solving this problem is by having a single whitelisted address submit this data on-chain.
- This creates a central point of weakness in a protocol, however, as this single address could fail or be malicious.
- Tellor solves this problem by aligning the incentives of data reporters, data consumers, and Tellor token holders.
- In brief, anyone can deposit a stake and report data. For a period of time, anyone can pay a dispute fee to challenge any piece of data.
- Tellor stakeholders vote to determine the outcome of the dispute. If the data reporter loses the dispute, the reporter's stake goes to the disputing party.
- This creates a system where bad actors are punished and good actors are rewarded.
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the August 23rd, 2022 installment of “Polygon Alpha” with Garry Grugljakow - Founder & Daniele Pinna - Head of Quant Research at the 0VIX Protocol.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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0VIX Protocol
- 0VIX is a Decentralized Finance (DeFi) liquidity market protocol, built on Polygon.
- The 0VIX protocol enables users to effortlessly lend, borrow and earn interest with their digital assets.
- Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow using over-collateralization.
- Decentralized Finance (DeFi) has grown substantially in the last few years. As most of DeFi's activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees.
- This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi.
- 0VIX aims to alleviate these problems by providing a suite of DeFi products on a highly scalable and decentralized platform on Polygon, which offers much lower network fees.
- With a focus on approachability, ease of use, and low fees, 0VIX aims to democratize access to decentralized financial products by providing users access to permissionless lending and borrowing.
- Instantly supply or withdraw assets from the shared liquidity market Instantly borrow from any of the liquidity markets using the supplied assets' value as collateral
- Have a transparent view of interest rates based on a given asset's market supply and demand
- 0VIX is an open and permissionless liquidity market, which means that anyone with a wallet can use the product and third-party protocols are invited to build on top of us to generate further yields.
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the August 30th, 2022 installment of “Polygon Alpha” with Robert Alcorn, the co-founder and CEO of Clearpool.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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Clearpool
- Clearpool is a decentralized marketplace for unsecured institutional capital.
- It allows institutions to borrow funds from a decentralized network of lenders without the need for collateral.
- On Clearpool, whitelisted institutional borrowers can create and launch individual single-borrower liquidity pools.
- Lenders can earn attractive risk-adjusted rates of interest for supplying liquidity to a borrower pool.
- Anybody can be a lender, and yields are enhanced with additional CPOOL rewards, making Clearpool one of the most attractive venues for DeFi lenders.
- Institutions interested in becoming borrowers can request to be whitelisted by contacting the Clearpool team.
- Complete the form on the Borrow page on the Clearpool App.
- Based on an initial assessment conducted by the core team, successful institutions will move on to the onboarding stage.
- Borrowers will be guided through an onboarding process consisting of the following steps:
1) KYC and AML – This process is conducted by Clearpool's partner - Credora
2) Legal Agreements – Borrowers (and lenders) must agree to the Clearpool Terms & Conditions
3) MPC Wallet – A supported multi-party computation wallet (MPC) is recommended (but not required) to borrow and repay liquidity
4) Credit Risk Assessment – A credit risk score and borrower capacity will be calculated by Credora (see Credit Risk Scoring for more information)
- Following the successful completion of this process, the final step is for the borrower to stake CPOOL in order for the pool to be launched.
- Borrower stake – Borrowers stake CPOOL before the pool is launched*
- Once a borrower has completed the onboarding process and paid the Borrower Fee, the liquidity pool will be launched by the Clearpool Governor multi-sig, and will become visible on the Lend page where it can be funded by lenders (see For Lenders section for more information).
- Currently, all pools are denominated in USDC. Other assets may be proposed and added via governance in the future.
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the August 17th, 2022 installment of “Polygon Alpha” with Ryan Rasmussen & Matt Hougan of Bitwise Investments.
LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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Bitwise Investments
- Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers.
- As of March 31, 2022, Bitwise managed $1.2 billion across an expanding suite of investment solutions.
- The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi, and crypto-focused equity indexes.
- Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research.
- The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office.
- Bitwise is backed by leading institutional investors and asset management executives and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Intro/Marketing Assets: Raul
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
Polygon Alpha Podcast
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the August 12nd, 2022 installment of “Polygon Alpha” with Amit Gajalla - Founders of Stader Labs.LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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Stader Labs & the MaticX token
- The market capitalization of Proof-of-Stake (PoS) coins is at $325 billion (USD).
- In comparison to Proof-of-Work (PoW), PoS has numerous advantages which position it to grow manifold.
- Across PoS blockchains, the three main stakeholders face several challenges:
1. PoS networks face stake-centralization issues.
2. Delegators face complexity surrounding discovery and stake management.
3. Node Operators struggle to get the right visibility and delegations.
- While solving the above challenges is paramount for the PoS ecosystems, there are several multi-billion dollar opportunities on top of staking in the short- to mid-term including:
1. L1 tokens safely staked and strategies like Launchpads, DeFi, etc. built with rewards.
2. Liquid staking and its associated DeFi possibilities.
3. Gaming powered by staking rewards.
4. Customized staking for Institutions, VCs, Crypto exchanges and Fintechs.
- Stader is building the key staking middleware infrastructure layer for multiple PoS networks that will power the above staking-related opportunities while solving the key challenges.
- We are taking an extremely modular approach to building our contracts so third parties can leverage our components to build several staking solutions on top of it.
- In the short term, Stader is building native staking smart contracts across multiple chains including Terra, Solana, among others, and building an economic ecosystem to grow and develop solutions like YFI-style farming with rewards, launchpads, gaming with rewards, liquid staking solutions, and more.
- In the long term, Stader is focused on unlocking the platform approach and nurturing third parties to develop several staking-related applications on top of Stader infrastructure.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Intro/Marketing Assets: Raul
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
Polygon Alpha Podcast
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the August 2nd, 2022 installment of “Polygon Alpha” with Richa Joshi & Harsh Rajat - Co-Founders of Ethereum Push Notification System (EPNS).LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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Ethereum Push Notification System (EPNS)
- Idea behind EPNS is to expand on and integrate existing ways by which a user can be reached out to by different dApp owners, smart contracts, etc.
- It can be used to relay important loan liquidation, funds running out, debt positions notifies to a specific user in #DeFi
- It can be used to inform users of important upcoming events, notifications, etc of specific dApps (via App Owners)
- It can be further enhanced to convey push notifications that act as security mechanisms (for example: a Trusted App Owner group is subscribed by all exchanges, the addresses relayed by this app owner in specific format can automatically blacklist those addresses out)
- It can potentially be used by Ethereum itself for major announcements like launching of Ethereum 2.0, notifications to miners for any upcoming fork, etc
- It can potentially replace the way new projects gather user's sensitive information. For Example, when an ICO is conducted or a new cryptocurrency is launched, instead of these projects relying on emails to store and communicate about their updates, they can instead offer EPNS service which is anonymized and doesn't have a central point of failure.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Thank you so much for listening, if you’ve not subscribed to the channel please do!
Host: Justin Havins aka Crypto Texan
AV Engineer: Aaron Pettijohn
Intro/Marketing Assets: Raul
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
Polygon Alpha Podcast
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the July 27th, 2022 installment of “Polygon Alpha” with Travis Cannell - Head of Product at Orchid Protocol.LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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The Orchid Network
- Enables a decentralized virtual private network (VPN), allowing users to buy bandwidth from a decentralized pool of service providers.
- Orchid uses an ERC-20 utility token called OXT, a new VPN protocol for token-incentivized bandwidth proxying, and smart-contracts with algorithmic advertising and payment functions.
- Orchid's users connect to bandwidth sellers using a provider directory, and they pay using probabilistic nanopayments so Ethereum transaction fees on packets are acceptably low.
- Orchid Accounts: Orchid accounts are the decentralized entities that store digital currency on a blockchain to pay for services through nanopayments. The nanopayment smart contract governs Orchid accounts. The Orchid client requires an account in order to pay for VPN service.
- The Orchid Client: An open-source, Virtual Private Network (VPN) client that supports decentralized Orchid accounts, as well as WireGuard and OpenVPN connections. The client can string together multiple VPN tunnels in an onion route and can provide local traffic analysis.
- The Orchid DApp: The Orchid dApp allows you to create and manage Orchid Accounts. The operations supported by the account manager are simply an interface to the decentralized smart contract that holds the funds and governs how they are added and removed.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
Polygon Alpha Podcast
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the July 18th, 2022 installment of “Polygon Alpha” with Alan Scott - Co-founder/Janitor of Railgun.LinkTree - https://linktr.ee/polygonalphapodcast
Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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Railgun - Privacy is something all humans instinctually value.
- It is a well-recognized human right, and even those who deny it to others expect it for themselves.
- Privacy and anonymity should be the default, not the exception. Your consent should be needed before your personal or financial details are revealed to any would-be voyeur.
- A small community of passionate and skilled privacy enthusiasts are developing RAILGUN, a privacy and anonymity system built directly on-chain on Ethereum, from which you can interact directly with DEXs, lending platforms, and popular smart contract applications.
- RAILGUN keeps your actions secret, protecting your privacy, and allows you to keep your identity secret - thus giving you anonymity.
- RAILGUN does this without you ever having to leave the safety and liveliness of Ethereum and its booming ecosystem.
- Not only that, RAILGUN will bring its revolutionary advantages to other blockchain ecosystems in rapid succession.
- If you ever need to be transparent, RAILGUN can generate a verifiable report of your actions and balances (for an auditor or compliance officer, for example), with a privacy preserving Zero Knowledge method.
- This means your funds will still be hidden from the public, but you can provide evidence of the sources to your chosen colleague or recipient.
- The goal of RAILGUN is not to strip away the third-party verifiability of actions taken on-chain, but rather to give back to users the power to choose who sees what, when, and why.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
Polygon Alpha Podcast
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com -
Audio from the July 12th, 2022 installment of “Polygon Alpha” with Dimitri Goleko - Product Manager of mStable.Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts
YouTube - https://www.youtube.com/c/PolygonTV
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mStable
- mStable is an autonomous and non-custodial infrastructure for pegged-value crypto assets. The protocol was created to address three major problems:
- Significant fragmentation in same-peg crypto assets (there are currently at least 5 major USD pegged crypto assets on Ethereum, for example)
- Lack of yield in fiat currencies and pegged crypto assets
- Lack of protection against permanent capital loss in pegged crypto assets
- mStable addresses these problems through the creation of meta-assets, which are fully backed by a diversified basket of existing tokenised same-base assets.
- Non-custodial - Meta-assets are minted or redeemed on-chain via the mStable smart contracts, which are non-custodial.
- This means that no third party ever takes custody of a user's assets.
- In other words, mStable is a "peer to pool" protocol, where the pool "lives" in a non-custodial smart contract.
- All meta Assets are redeemable for the underlying assets at any time.
- Stable - Each meta-asset represents a share of liquidity in the underlying asset pool and is a pegged-value crypto asset in its own right.
- A meta-asset can be used as a medium of exchange, unit of account and store of value.
- This addresses fragmentation in same-peg crypto assets by providing an single meta Asset per peg which unifies any number of underlying same-base assets.
- Yielding - Each meta-asset is designed to produce a native interest rate when deposited in mStable's Save contracts.
- This rate is derived through the mStable contracts autonomously and programmatically lending underlying assets to third party lending protocols, generating interest income.
- The mStable contracts simultaneously allow for underlying assets to be exchanged or "swapped" for a fee. 90% of interest and exchange income is automatically and programmatically sent to savers.
- Diversified - Each meta-asset diversifies exposure between different asset issuers and stability mechanisms, and caps exposure to any one asset, currently at 50%.
- Whilst max weights reduce risk for users when compared to a standard AMM pool, they not eliminate it.
- Please read about the risks of using mStable here.
- Decentralised - The mStable protocol is governed by holders of mStable's native Governance token, MTA, who vote on proposals to make important decisions about the protocol.
- Every participant who interacts with mStable has the option to earn MTA either through staking, for providing liquidity (through Feeder Pools or third-party protocols) or by saving mUSD or mBTC through mStable's Save contract.
- MTA is emitted in this way to facilitate decentralised, collective and user-driven governance.
- MTA can be staked on mStable for participation in Governance and for rewards distribution.
- Please note that the first iteration of mStable focused on protecting stablecoins.
- The focus has since shifted toward yield generation, with a reduced focus on stablecoin protection.
- Maximum weights for each asset in the underlying basket provide some protection in the event of an underlying stablecoin losing its peg, but MTA will not be used for recollateralisation in this scenario.
~~~~
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Polygon offers scalable, affordable, secure and carbon-neutral web3 infrastructure built on Ethereum. Our products offer developers to create user-friendly applications #onPolygon with low transaction fees and without ever sacrificing security
Polygon official channel:
Website: polygon.technology
Twitter: twitter.com/0xPolygon
Telegram Community: t.me/polygonofficial
Telegram announcement: t.me/PolygonAnnouncements
Reddit: www.reddit.com/r/0xPolygon/
Discord: discord.com/invite/polygon
Facebook: www.facebook.com/0xPolygon.Technology/
Polygon Alpha Podcast
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com - Visa fler
