Marcel🎩🔵 pfp

Marcel🎩🔵

@4cademy.eth

189 Following
2263 Followers


Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
GN frens!💤 We will meet here again tomorrow. Sleep tight!😊
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
This week I built a @dune.eth dashboard that visualizes the new $DEGEN vault for the 6th season. It gives people interesting insights into the vault's size, distribution and how this affects the calculation of the $DEGEN allowance.👀 https://dune.com/4cademy/degen-vault-visualization
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I small addon to the dashboard today. It now shows the amount in USD as well.👀 https://dune.com/4cademy/degen-vault-visualization
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I have been on the road all day so I am doing some catching-up now. The first point on the bucket list is of course /gmfarcaster.😊🙌
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
GM GM GM frens👋🏼 Have a great day and enjoy life!😊
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
My brain is not braining anymore after looking into so many @dune.eth queries today.😅 I will hop into bed now. GN frens!💤😊
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
If have added a new widget to the Vault Dashboard. It highlights how many $DEGEN are lost per day due to over-staking (stakes that would result in a >10k $DEGEN allowance). Dashboard link below.👇 https://dune.com/4cademy/degen-vault-visualization
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
TLDR: +500k DEGEN of the 4.5M total is lost per day due to over-staking. See Dune query below. 👇🏼 Long read: Currently if you stake more DEGEN than is needed for a 10k allowance the excess allowance is still allocated to you. You are just not able to tip it so these DEGEN are lost. A better way would be to distribute these excess $DEGEN to the stakers who have <10k allowances. The following Dune query shows the impact of the current formula vs the formula that distributes all 4.5M DEGEN. https://dune.com/queries/3911204
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I noticed that I am wrong and the 0.22% rule is how it actually works right now. But that's how a lot of the total daily allowance gets lost due to people that staked more than necessary. The way I described it uses up all the available allowance. This would result in higher allowance for the ppl with <10k allowance.
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
Can @dune.eth queries do recursion or loops? I would need it for this👇🏼
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
Calculating the min. stake to get the MAX. ALLOWANCE is NOT just 0.22% of the vault size. Getting the correct allowances under the 10k max condition is a "fixed-point" problem. Algorithm: 1. Calc. over-the-top-stakes (that would result in >10k allowance) 2. Sub. over-the-top-stakes from vault size 4. Recalculate portions 5. Do until fixed-point (no changes in allowances anymore) is reached
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
Have a GM my frens👋🏼 And don't forget to claim your $DEGEN today👀
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I am super tired today. So GN frens!💤 See you on claim day!
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I did not think that this day would come. We finally have an emoji keyboard for DCs on web.🥲 Now I don't have to google for emojis anymore and Ctrl+C Ctrl+V them. A miracle! 🙏🏼
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
SFL #1: AAVE ===GENERAL=== AAVE is a liquidity protocol that provides lending and borrowing functionalities on Ethereum and its L2s. ===DEPOSITING=== Deposited funds are lent out to earn a yield. They can also be used as collateral to borrow funds oneself. ===BORROWING=== There are two types of borrowing on AAVE. Overcollateralized: This is the "normal" type of borrowing where you put up a collateral that is larger than the amount of funds that you want to borrow. If due to changes in price your collateral becomes too small it will be liquidated. Undercollateralized: This type of borrowing is also known as "flash loans" or "1-block liquidity". The borrowing, usage and repayment of loans all has to happen within a single block. In case the loan cannot be paid back in full all of the transactions (including the borrowing itself) will be reverted.
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I added a pie chart of the vault to the dashboard. It shows you who owns which portion of the vault. It also tells you how much $DEGEN you need to stake to get the maximum allowance.👍 ⏬Dashboard link below⏬ https://dune.com/4cademy/degen-vault-visualization
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
https://dune.com/4cademy/degen-vault-visualization
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
Here is a quick visualization of how the $DEGEN VAULT changes by the hour. I plan to add more visualization over time (pie chart of users i.e.). Let me know what would interest you.😊 https://dune.com/4cademy/degen-vault-visualization
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
To save the US frens some googling time.👍 Snapshot: 12 AM PDT; 3 AM EDT Claim: 5 AM PDT; 8 AM EDT
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Marcel🎩🔵 pfp
Marcel🎩🔵
@4cademy.eth
I just stocked up with some more $DEGEN. Prices are cheap rn.😎
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