SamYap

@samyap

48 Following

84 Followers

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As much as I b*tch about mod horror stories here, the many users who give a short note of thanks… really make our day. Thank you! 😻😻😻

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Farcaster can only add max two photos per cast? 🤦‍♀️

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User: Hey, I bought this box of Kellogg’s cornflakes over at Tesco, and it’s bad! How can I get a refund/exchange? Mod: Ser, are you aware we are WalMart here? Pls ask Tesco support. User: But their support sucks! Plus, they ask me to come ask you! Mod: 🤷‍♀️

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“Ooohhh… I have DEX UI issues” (prob just user’s own network/browser issues). “You guys are no better than CEX! You guys restrict access to my funds!!!” 🤷‍♀️

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Guess some folks just like their fish on their plate… rather than learning how to fish…

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The having: when your 1/10 $BTC becomes 1 $BTC…

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A short note to appreciate @THORChain Devs and Nodes for smoothly executing the BEP2 Ragnarok. A much under appreciated, thankless task; with minimal benefit except to make good as much as possible the LP depositors (who should have withdrawn themselves anyway)… 💚⚡️

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Good night, sweet BEP2 prince.

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When you have been shouting from the rooftop for weeks… Then someone saunter up and ask “Why didn’t you shout louder?”

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Anyways the same thing… “Can you talk to your Management?” Welcome to “real” DeFi, anon.

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Oh well, anything for the drama. 🤡

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I did not have to top up my collateral to avoid liquidation. 💚⚡️

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You don't get to ignore FIVE pings/notifications/reminders to move your convo to a thread on Discord; yet you still chatter on main channel, then claim "I didn't see anything"...

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Learn to use block explorers… Or else it’s like you are using paper maps vs those using GPS…

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And there you have it. A super simplified intro explainer on how @THORChain works (at least the LP portion). Wanna learn/chat more? Come to @THORChainUni Discord! 💚⚡️

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4b- Also, let's make all pools paired with RUNE. Two-fold reasons, 1- reduce fragmentation of pools, and 2- as the value of $RUNE rises and falls, the pools will rebalance so that bonds will always have more value than the pools.

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4- Now, how do we ensure the nodes don't just collude and steal the BTC/ETH away? 4a- First, let's make sure all the nodes bond/stake something of value (the $RUNE coin), and the bond value must always be higher than the external assets (BTC/ETH) managed by these nodes.

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3- Great! But how do those nodes agree to the accounting of the BTC/ETH LP? Here is where the magic of Cosmos SDK based app-chain comes in. Let's build an independant blockchain to act as the "state machine". Where LP accounting can be tracked via blockchain consensus mechanisms

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Here is where the magic of MPC TSS comes in. This allows a group of decentralized nodes to manage BTC/ETH addresses, but in a trust-minimized way, without the private keys ever being exposed, even between those nodes themselves.

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2- Unlike e.g. Uniswap (where it's just smart contracts on an EVM), how would you manage a LP with native BTC + native ETH? Well, those native BTC have to be in a BTC address on the BTC blockchain; and the native ETH in an Ethereum address on the Ethereum blockchain.

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