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@onetruekirk

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@onetruekirk
Thinking about the possibility of first loss capital staking on @morpho. Would allow curators to cater to multiple tiers of risk preference in the same vault. An implementation of this would be an interesting subject for a grant
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@onetruekirk
Joining Morpho Labs As some of you may have guessed from my new profile picture, I've recently joined Morpho Labs as a Protocol Specialist. I've known @paulframbot, @mgd, and @merlinegalite for over two years now, and have a deep respect for the team's strong security commitment and first principles approach. While the Credit Guild shutdown was not the outcome we hoped for, I'm delighted to be able to continue contributing at the cutting edge of DeFi lending. To start, I will lead the design and implementation of decentralized governance for the Morpho DAO, a timely issue now that token transferability is under public discussion. Where possible I will continue my tradition of building in public, and will be sharing background research on governance models and preliminary thoughts on the right solution for @morpho in a series of blog posts.
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@onetruekirk
While we initially planned to simultaneously launch the Credit Guild on mainnet and Arbitrum, leaning towards starting with just the Arbitrum instance for the guarded launch in order to reduce complexity out the gate and focus on showcasing the protocol’s full capabilities in a low gas cost environment
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@onetruekirk
The average person among my high school peers is not aware that government debt has increased this much in their lifetimes. Soon, they will be
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@onetruekirk
Launching the first oracle free lending pool soon, include a Base instance. If there are particular assets you’d like to borrow against, would love to hear from you
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@onetruekirk
What’s the best crypto native comms platform today? Farcaster is nice for personal social, but channels don’t quite suit the same purpose as Discord or a forum
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We ended up deciding not to use any such schemes. Value at risk over time is the only credibly neutral way to distribute tokens
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@onetruekirk
Deeply honored that my article “Incredible Neutrality” was selected for the cover feature, and greatly enjoyed reading the others. Excited to get my physical copy and go touch some grass with it
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@onetruekirk
Strong privacy and censorship resistance are absolutely essential to the future of Ethereum and the world. Given the rollup centric scaling roadmap, I believe a natural locus of focus is on ensuring uncensorable inclusion of rollup state transitions.
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@onetruekirk
The inconvenient truth is that there is no credibly neutral way to distribute tokens other than value at risk over time or LBP. This doesn’t mean you should only distribute tokens in a neutral way — but grants should be run by a core team with skin in the game, not a part time committee with conflicts of interest
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@onetruekirk
So much this. It’s literally taking me weeks to migrate funds to a new company bank account since current bank limits me to $5k in uncleared transfers, and each transfer takes four business days
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@onetruekirk
One common objection to the Harberger Tax for names is that malicious actors might be willing to pay more to buy out an honest participant. This is solved in my view by “name staking”, the ability to perform a long term transfer lock in exchange for a fee discount
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@onetruekirk
gm to all trust minimized lending enjoyers Fittingly, I paid for this channel with the small amount of ETH I earned from friendtech trading fees (RIP) Cc @monteluna
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@onetruekirk
Let’s share some favorite /cryptobanking reading 1. Perry Mehrling on the Fed https://press.princeton.edu/books/hardcover/9780691143989/the-new-lombard-street 2. Selgin on theory of free banking https://oll.libertyfund.org/titles/selgin-the-theory-of-free-banking-money-supply-under-competitive-note-issue
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Sunday means it’s time to read papers. Enjoyed this one. Wish the Ethena team would read and take it to heart 😅
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@onetruekirk
@monteluna come join the cool kids in /cryptobanking
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@onetruekirk
The goal of this line of research is to create a denomination whose supply characteristics are not controlled by a trusted party, and which is suitable for both long and short term debts Proof of Work is the only known mechanism to define a deterministic cost of production for a digital asset
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crypto ̶c̶u̶r̶r̶e̶n̶c̶y̶ -> crypto There are two “currencies” in the top ten cryptoassets by market cap, USDC and USDT No one wants BTC or ETH to have the supply properties necessary for money — namely, the ability to respond to demand spikes What if… https://onetruekirk.github.io/money_supply.html
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@onetruekirk
For those attending ETH Denver, we would love to have you at the Credit Salon 2, a peer discussion seminar, on Friday, March 1 at noon. All attendees submit an original article or software project. Learn more, submit, and read past submissions + my reviews on my website: https://onetruekirk.github.io
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@onetruekirk
If you’re attending ETH Denver, please consider attending the Credit Salon. Submit an original article or software project related to DeFi lending, market making, payments, privacy, and join in a peer discussion session. Link below
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