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discovering a poorly designed /defi protocol, feeling sad for the industry but knowing it will create some banger farcaster content
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Last nights sky hit different GM
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@3fcc is the winner https://basescan.org/tx/0xee0ce41c6c527f1701b360725865443b9aaae505f45a1d6424b0a09d34651249 The correct answer is in undercollateralized lending, the protocol is exposed to cascading liquidations from sell off of assets, and therefore will put the protocol at a risk of bad debt on extreme cases of price movement. On the perp side, a sharp price movement can occur, but at some point the perp's funding payouts become so profitable that liquidators are incentivized to hold the perp instead of reselling on the orderbook. Therefore there's a resistance level for the amount of sharp price movement in a single direction which relieves some exchange health concerns for the perps protocol
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There's an interesting parallel between techno songs and defi protocols. Whenever a techno artists makes a banger song they create like 7 versions of the same song (slowed + reverb, sped up, extra bass, etc.) When a banger defi protocol gets made, it gets forked endlessly (i.e uniswap, sushiswap, pancakeswap, etc.)
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@bountybot 25 usdc to the first person that provides a correct answer to this defi trivia I want to see if this is known among the defi community or not
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Fred again hits different. Thank you @placehodler or putting me on. Favorite fred again song right now https://soundcloud.com/user-711439523/libianca-people-fred-again-edit
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Highly recommend
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I once was dealing with editing a json file in go that went through several levels of parsing and so had to have 7 escape characters before every quotation mark. Spent multiple hours just to realize I accidentally put 6 escape characters
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What are some good sources for research on sleep patterns. I'm very curious on sleep patterns that optimize awake time without sacrificing health/tiredness
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The DePenis dashboard
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there's only one way to solve the declining birth rates: cum2earn
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I see more depin on the timeline than defi. @eulerlagrange.eth is really taking over
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I just finished a bowl in 4 minutes
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i could eat chipotle for every single meal, every single day
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Fuck you maduro
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are you a real dev if you every get so deep into a bug fix, you start making jokes in your commit messages
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average interaction
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another beautiful day Gm
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1. Bad Bunny 2. Kid Cudi 3. Kanye 4. Dei V 5. Joey bada$$
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mev psyops on CT was such a peak era of crypto
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