Tim0x

@tim0x

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11 Followers

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This week I built: - I created my own unique Based NFT on nouns.wtf/playground. - I joined a demo session with @decentraliz on how to use blocdemia.versel.app and learned a couple of things, including: • How to connect my Coinbase wallet to the platform. • Introduction to Blockchain. - I also joined @base and got a Basename nwatabueze.base.eth.

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Defidevrel.base.eth

This week, I: -had an incredible time hosting a workshop with the Women in DeFi community on YouTube, in preparation for the Base Africa Buildathon! The session was all about introducing Base tools to empower hackers and help them get started building on Base. Here are the key tools I introduced to the hackers: 1. Base Builder Resource 2. Coinbase Developer Platform 3. OnchainKit 4. Smart Wallet Setup 5. OnchainKit Demo Setup cc: @sir-damilare @jessepollak @baseafrica

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Hi @agaperste-, I'll love to get the source to this dashboard. Can you share?

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@msilb7 as for the tiers, I haven't contributed to the OP collective or gotten any RGP. I can still work on this right?

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Eddy Lazzarin 🟠

Why and how should you launch a network token? I gave this talk at our Crypto Startup Accelerator in London about the reasons for launching tokens, and when + how to launch them. Enjoy! https://www.youtube.com/watch?v=miAbQdXg6Gc

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Thank you @sebly. I just received mine!

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Which network are we checking? Optimism?

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After connecting my wallet, I couldn't find my name for the wallet checker again though

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Currently, the rebate fees incentivization has been for the past 7 weeks and in 3 weeks time will be ending. Are you a trader, or liquidity provider? Most importantly as a trader, you get 0 fees for your trade + rebate and as a liquidity provider, you earn an increase when more traders trade the synthetix perps. Recast for traders to view in the next few weeks! Once again I'll be in the comment section, to respond to your questions!

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Every trade has its basic points fees where for Synthetix peeps it's a 2bp for markers and 6bp for takers. Now this Bp spreads even across any asset you want to trade. Let's say the trading volume at that time is 100M on a chain. Fees per each trade will be 0.02% of trading volume which can't be approx. to 1. that's 0 fees compared to trading on CEX. Now with this incentive, traders are given a rebate of their trades. Where 50k $SNX per week will be shared till cap is closed. You can check through the link: https://base-rebates.synthetix.io/?ref=blog.synthetix.io

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When using centralized exchanges for trading, fees charged for each perp futures trade on an average weighs much more than when trading with DEXes. Synthetix aims to incentivize his users for the next 10 weeks with a 90% rebate fee on Base V3 using any of its integrators which includes: Kwenta, or Polynomial. Let's say you get to place a trade:

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Considering the actors of protocol enables the protocol to drive attention to the "possible incentives that can be given to them". Talking about incentives and talking about actors of platform/protocol. These actors are users contributing to the success of the protocol and the incentives as a tool to retain. Here's how @synthetix decides to incentivize traders:

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@sebly will payment be made after all epoch?

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What part of this deployment do you want to know about, I'll be here to answer!

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Due to this recent deployment, since users can mint USDx against their collateral it's also important to note that USDx cannot be exchanged at any ratio for snxUSD. Both phases have different structures to fuel the liquidity layer.

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Due to milestones, more varieties of collaterals will be added for users to deposit and provide liquidity. Yield-bearing assets such as Lido, USDe etc. For a start you can start here using any of the integrators and deposit your collateral: https://liquidity.synthetix.eth.limo/?ref=blog.synthetix.io

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Regarding incentives allocated to liquidity providers, synthetix allocates 1M ARB worth of rewards to liquidity providers and that's not all via trading rebates, 900k ARB has been allocated for LPers. Integrators as well will earn trading fees for trades processed using its integration.

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Remember to be an actor in this protocol to maximize the V3 utilities. you can decide to be a liquidity provider. What good does this come with? Provision of liquidity requires providing collateral using either of the following USDC,ETH or ARB where you can decide to send out your collateral to any integrator as mentioned in the first cast. When once collateral has been deposited, as a LPer, you can mint a stablecoin USDx against your collateral and this can be used for other activities on the synthetix platform.

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Synthetix protocol deploys its V3 components on the Arbitrum network. Here's what you should know about this: Before delving into the utilities and leveraging this brings to the protocol itself and the derivatives market you should also see yourself as a key actor in this protocol if you belong to any of these categories: 1. YOU as a liquidity provider (I'll use LPs while you read on). 2. YOU as a trader. Notwithstanding belonging to any of these categories having an understanding of what @synthetix is crucial: Synthetix protocol is a liquidity layer that provides liquidity for various defi platforms integrated with it such as @kwenta.eth (Kwenta), and Toros. Before V3 deployment on Arbitrum, Synthetix served as a liquidity pipeline to Optimism and Ethereum then with the V2x phase. What does the V3 phase entail?

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