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crisp

@crisp

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@crisp
Curious to learn more about SVM? Great blog going through the Solana Anza client just dropped: https://fluff-ranunculus-275.notion.site/The-Agave-Runtime-d1f8d3608e5d4529b120e09e80b48887
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If it DeFi app acquires these properties, it's evolved into an autocatalytic system and is able to sustain itself into the future, escaping death (so long as governance doesn't ruin it)
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While open source code and liquidity mining to no provide an edge in and of themselves, they do provide a means to securing advantage Done well, they lead to a network effect, reputable brand, fanatic community and distributed contributor base
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Can DeFi apps build a moat? I.e. can they sustainably capture value over the long-term? Between the code being open source and race-to-bottom dynamics with liquidity mining, most might say no But "bluechips" like uniswap, maker and DyDx have remained relevant How?
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maker and uniswap come to mind
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i think d/acc, as outlined in @vitalik.eth’s blog post, mirrors the values of the best defi protocols which is an emphasis on reliability, risk mgmt, censorship resistance, longevity, etc nice sunday read https://vitalik.eth.limo/general/2023/11/27/techno_optimism.html
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listened to the first chapter of Read Write Own by @cdixon.eth great to have an optimistic view of blockchains systematized when you’re in the trenches building everyday, it is easy to forget what initially attracted you to the space to begin with this feels like a good refresher
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TIL apple bought back 20% of its shares between 2015 -2019 interesting implication for tokenomics
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Solana SIMD 110 summary: Proposes adding a `multidimensional EIP 1559` to deter tx spam. Validators would keep track of accounts' write-lock utilization and charge an exponentially increasing fee for sustained utilization (e.g. increase write-lock fee every slot where utilization is >50%). https://t.co/mSPuJU8GmJ
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Im comin in hot
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capitalizing on pmf in crypto is hard because - crypto is cyclical - dapp dev cycles are long - you don't control the backend very common for a team to have the inklings of pmf, just for the backend to buckle under load after which you're looking at another long dev cycle and potential precipitous drop off in demand
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enjoying Mastering the Market Cycle by Howard Marks simple explanation of how human psychology (“fear & greed”) leads to expansion and contraction of credit which leads to boom and busts feels especially relevant for crypto markets which are very narrative & leverage driven
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thank you 🙏🏻 im not sure why my dms arent working 😅
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gm farcaster
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