indigo (b/acc) pfp

indigo (b/acc)

@ind-igo

123 Following
360 Followers
↑langchain 🎩 pfp
↑langchain 🎩
@langchain
https://x.com/binji_x/status/1882430235129569763?s=46&t=LUwp6CEG8bj71wefilcCmQ Oh @binji.eth we don’t need CEX listings for deeper liquidity. We need omniscient, onchain market makers as protocols. @baselinemarkets @ind-igo Unless you think DEXes are only toxic flow like @aeto
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
hi
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
That would be interesting. Would be huge incentive to stake bridge assets for all L2s. But what does staking provide for the L1?
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Lets talk about BIG ROLLUP One thing I haven't heard anyone mention with L1 blob fee debate is the fee share given to BIG ROLLUP, ie OP superchain, zksync elastic chain, arb orbit etc Superchain is the largest, and has made 7.4k eth last year => ~$24.4M, and ~$49.9M over its lifetime Whats interesting is BIG ROLLUP gets top-line fees (ie straight from gas costs on the L2), vs ETH L1 getting bottom-line fees from blob price There's a dilemma for L1: increase blob fees and risk losing rollups (especially smaller ones) to other DA solutions. Reduce blob fees further and lose value accrual to the token If rollups need blob scaling and reduced fees, bribing ETH holders with some of this revenue would do well for their cause Direct a portion of BIG ROLLUP revs to either a burn, or better yet, borrow USD and do massive TWAPs ala saylor The fact is that L2 fees *are* extracting more than they are giving back currently, but they have the power to turn this around wyt
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
dev life
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
https://x.com/_ndigo/status/1879519319127933261?t=5Yfa8gtaf3DivSG-iLnMJA&s=19
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↑langchain 🎩 pfp
↑langchain 🎩
@langchain
@baselinemarkets + OlympusDAO is where we transition from belief to backing. From market makers off chain to intelligent protocols that make their own markets. From simplistic views on deflation or fixed supply to understanding systems must expand and contract.
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Haha we are actually moving off blast, to base. And thank you!
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Baseline pfp
Baseline
@baselinemarkets
Introducing Baseline V3: bringing programmatic liquidity to the next billion users on @base The game for AMMs is about to change 🧵
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Definitely agree. Will try writing more here, my team and I run into all kinds of crazy problems that will be fun to talk about.
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Lastly, on what I'm working on: @baselinemarkets Baseline is further exploration in what Olympus started. The pursuit of a stronger, more resilient and fairer token structures through protocol-owned liquidity and intelligent market making. I can easily say that no one in the world is working on the things we are. I'm excited to share more with the community here in the future!
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
To those who think it's dead: What is dead may never die Olympus is alive and well, bouncing off it's bottom with a really powerful system for accruing value to it's backing, and a way for users to have fixed rate loans against their OHM. The community is strong and hopeful for the future.
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Unforgettable project and an incredibly fun time. Learned so, so much, and of course many things we brought forward into Baseline. My life has been greatly influenced by it, and I will never not be grateful for the people and experiences I had
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
It was very surreal being in the middle of it all, having the entire crypto world's eyes on your project, punctuated by a simple tweet by Grimesz. https://x.com/Grimezsz/status/1449528005966000129
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
I don't think people give Olympus enough credit with what we know in defi. Liquid (Not so subtle baseline shill 🙃)
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
The concept of liquidity as a primitive was just starting to be explored. High APYs were still in vogue, as not many had seen the end result of them. The crypto community was just beginning to learn about token inflation, with regular threads by fisk, couch and others exploring the implications of it.
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Back in 2021, many passerbys saw OHM as just another ponzu. What I and @langchain and many others saw was a completely new frontier in tokenomics.
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
LPing eth/usd on a wide range or use a gammaswap straddle on eth/usd
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
GM king great to see you again 🫡
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indigo (b/acc) pfp
indigo (b/acc)
@ind-igo
Maybe there's a way to get around this? Could involve a paymaster for signups in a federation
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