The problem with pure data play is that it only takes into consideration one aspect (quantitative) component of data but not the qualitative component.
It’s hard. But that will be the golden key in the next 5 years.
Shoutout to
@Interaxis8
for tagging me to explain this question by
@AlexMasmej
. Took some time to dive into the model and it's so elegantly beautiful. Let me explain 👇🏼
A thread of explaining StableCredit USD, the new asset in
@iearnfinance
.
I hope it's ELI-highschool enough.
This sounds like a bonding curve to me (single sided AMM) except you stake USDC as collateral
Complex idea but could scale stablecoins minting for new farming strategies
Rug pull 2.0 using Uniswap V3
Case study: Million MM token by TechLead
Not financial (just general life) advice: dont put money in there
h/t doink on discord for bringing this topic up
cc:
@RektHQ
You think think whole DeFi thing of "using this as collateral to mint that to use it as collateral" is
#ponzinomics
? Tell you what: traditional finance works just like that.
You know that right? Case in point 👇🏼
.
@Bancor
resources:
1. Bancor V2.1 in 5min
2. Research paper on Bancor V1 (the core)
3. AMM model of Bancor explained
4. Bancor playlist
5. Newsletter
Exporting the video on a deep dive to the economics of $NXM. It.... is 1.5h long. 🙃
Happy weekend learning! There's going to be a part 3 of
@NexusMutual
too, because I have an idea of how to align incentives of cover buyers, cover assessors AND protocols. 🥳
Will include more general economics, geopolitics, culture, history, great books,
#shitposts
& a bit more of my personal life.
For token economics 👉🏻
@EconsDesign
- L
Autonomous market makers seem difficult to grasp. So here's a breakdown, in ELI-highschool.
4 algorithms for the various AMM in the space, in a nice little neat table!
Here's a summary of the various
#AMM
algorithms for the various DEXes in the space.
You don't need college math to understand that. This is basically the summary of the 1h video on
#DEX
. (Full video on S1EP19)
Never thought to share here - but we're hiring for the following:
1. economic analysts/consultants - junior, mid, senior
2. head of product
3. community manager
4. admin/ops role
5. nft artist to work with to test an idea
6. video editor
More details to come!
Kinda need to stop beating myself up while comparing myself to all my successful 40+ year old super smart friends. 🤷🏻♀️ Things take time and everything is right where it needs to be. 🥳😌
Y'all getting hyped up about the book makes me even more excited. ILY all 😚🥰
Updates:
ISBN ☑️
Draft 1 of content page ☑️
Editor (ongoing)
Pre-order link (getting approval)
Draft 1 of book (ongoing)
It's about 18 chapters long.
A4 size manuscript is about 250 pages 😅
Initial mock ups of the book cover. Please vote in the next tweet and let me know what improvements you'd like to see!
I really appreciate honest feedback 🥳
I guess in dictatorship, as long as you have military on your side, the world can keep hating you but you're still going to survive. I still don't get the Libya-Turkey agreement in the east-med region. How can they.... just bypass Greece?
This year's focus is on monetary policy and governance. So,
@EconsDesign
is super excited to be working with
@debaseonomics
on the aspects of monetary policy for stable coins. 💰
I'm so excited for the next book on the economics of token based systems but omg working on that + expanding the team globally + working on econteric is quite a balancing act.
the good thing is that the book is 90% done. and everything is in place. lfg :)
Big firms: stuck in 2017 and talking about BTC
Enterprises in DLT: stuck in 2018 and talking about ICO and/or L1
Regulations: honestly kinda lost and trying to make sense in this confused space
DeFi: innovating at the speed of light
🚀A costly game of catch up
Today, I learnt that the reason why sometimes people don’t get back or don’t want to meet is because they’re dealing with mental health issues. And that one person can have depression and still continue life as usual. That’s scary. And I’ll check up on my friends more often.
2 most important skills, I reckon:
1. Make nice slides
2. Make nice spreadsheets
Master any and you’re golden. Master both and you’re quite untouchable.
At the end, it’s abt communication. Master tools to aid in communication.
Not investment advice. I'm gonna send you an invoice if you take it as investment advice 😡
Bought some $MATIC (
@0xPolygon
)
Me: Bullish on NFT
Also me: idk which specific NFT. Instead, take a step back and see what's supporting NFT.
PS: Hello
@0xPolygon
, podcast?
Meditations by Marcus Aurelius is so good 😍✨ so many things resonate that I was tearing bc I love it so much and can’t express them in words except happy emotions
10/10 recommend!
Hot take: it’s ponzinomic when it’s value extraction. It’s growth-hacking when it’s value creation.
Similar initial methodologies. Vastly different outcomes.
Singapore, the only place where you can leave your laptop and phone in public and no one will steal it. But leave your wine in the office, someone will steal it 😭
Exporting the video on a deep dive to the economics of $NXM. It.... is 1.5h long. 🙃
Happy weekend learning! There's going to be a part 3 of
@NexusMutual
too, because I have an idea of how to align incentives of cover buyers, cover assessors AND protocols. 🥳
Will include more general economics, geopolitics, culture, history, great books,
#shitposts
& a bit more of my personal life.
For token economics 👉🏻
@EconsDesign
- L
Tired of sending interesting resources to people individually. Will start posting fascinating and mind-blowing resources here. Will include economics, token economics, geopolitics, machine learning & great books in general. -L
lowkey reason why i started ED is bc i want to bring all my super smart friends together and change the world (& make $ while doing it). fun times ahead. to the moon
Economics mechanism of $FEI ⬇️
TLDR: A great experiment!
Brings in features of DeFi — bonding curve, quadratic fees and DEX liquidity mechanism.
Great to experiment by bringing them together. However, more analysis and modelling could have been done.
PS, and timeline for this: possible to be out within 30 days.
I've been working on this for ~2.5 years already. 80% done.
I've just been rejected by 1000000 publishing house😭 So self-publishing is an option, if there is sufficient demand. Y'know? 📚
Hey you all, I just wanna say that I'm so immensely grateful for you all. The constructive comments, the wonderful recommendations and ideas, the kind words.
10/10 best strangers on the internet ever! 💯🔥
Thank you 😘 I'm really truly very appreciative 💓
Am stressed but the good kind of stress yknow. Like there’s so much to build, but so little time. At the same time, what an honour and privilege to be doing what I’m doing. Life’s good & I’m so bloody grateful.
You can now pre-order the physical copy of Economics and Math of Token Engineering and DeFi 😉
With CRYPTO (
#degen
) or credit card (
#normie
).
Would have made the eBook $69 but I’m not
@elonmusk
enough to do that 🚀
Keeping it real: some days I’m lost AF, have lots of doubts, the general regular things of being a human.
Am only human. Am fallible. Am becoming little more anti fragile every day.
I can’t wait to read the book in 20 years time, talking about this period now.
1. Financialisation of global digital finance
2. Economic growth in digital world
3. Global network across jurisdiction
4. Opening of markets and creating new laws around it
5. Tokens as new commodity
The age of DeFi is Renaissance 2.0. The amount of intellectual conversation is inspiring. We're inventing. We're building.
Who will be this era's Michelangelo, da Vinci and Descartes?
So bloody tired but I’m so so so grateful to be able to do what I do. And above that, the brightest team who is a part of this 🚀
So lucky. So grateful 🥰💕
Summer 2019 was reading Black Scholes for the first time and asking my super smart friends “what is mean reversion” 🤣 (hey we all start somewhere)
Today with the same people, we talk about cooler things. “You’ve grown Lisa, from those questions in Zurich”
:’) baby steps
Giving attention/celebrating someone bc of something they’re born with (eg good genes, rich parents) is just stupid.
We should celebrate and give attention to hard work / substance / effort.
I’ve only met 4 out of the 20 awesome brains on our team IRL.
Meet
@KieferZang
from consulting 🎉 background in economics and finance focusing on metaverse economics design and analysis.
Incredibly bright and needs to start tweeting more!
The best thing about this industry: we’re in the cutting edge of everything
The worst thing about this industry: we’re in the cutting edge of everything. So many things aren’t in books, videos, whatnot. You can only learn through nerding out with the most randomest people
What we can measure, we can define.
my goal for the next couple of years is to keep defining what “economics of token engineering” is.
The framework so far is a good start. But framework w/o empirical data to prove is stupid. Been working on it. Still working on it. :)
As of Tuesday (4/6), all of DeFi has $52.14B in TVL.
@NexusMutual
has $341.1M in TVL.
That leaves most users exposed to potential loss from compromised code. Nexus Mutual was created to solve this problem.
Members of the mutual protect cover holders from getting
#rekt
. (1/6)
ORRRRR we stop caring about what people are on the outside and just focus on the value they bring on the inside. I agree there's a lack of diversity. In hiring, open up to more options and people. But don't hire bc of some outside characteristics. Like gender, race or sexual pref
Assumptions that people are making, which are incorrect:
1. Economics = money.
Nope, economics is MORE than just about money and gold.
2. Market = financial market.
Nope, market is a gathering of participants coming to trade w each other. Sometimes, money is not required.
Hot take: It is absolutely dumb to just focus on supply change, vesting period and token release.
You’re only solving supply side issue. The real problem to solve is demand side issues.
You read an article, chat with experts on topics/opinions, read a book. It plants ideas. & suddenly one day, it just connects and everything makes perfect sense.
Magical.
Truth: yes DeFi is the way to go
Reality: we’re not there yet, for mass adoption
So what: stop promoting DeFi as the Jesus of finance unless they’re keen to participate in the innovation and accept the risks.
It is experimental. And risky.
There are 2 risks in DEXes
1) IL (which exists anyway if you are a MM, just that we have more tangible calculations today)
2) price slippage due to trades within the LP.
This paper talks about the latter. Specifically
#sandwichattack
. That is front + back running trx.
Updates on the book: the content page 📚
Link to the full content page:
People are asking about pre-orders. Yeah.... hopefully I get the link out next week. Keep y'll updated 🥳
@EconsDesign
I told you everything we do in
#defi
is an experiment and being watched, so it can be implemented in the greater society.
See this report by FED
TDLR: we (fed) think that this is good.
Y'know what's magical? Spend the waking time learning and figuring things out. Brain hurts. Go to sleep. Brain figures shit out while sleeping. Wake up with clarity. Repeat w learning.
#magic
What keeps me up at night: ethics and the consequences of us designing the economics of tokenised systems. 👇🏼
Ps: you know that these economics design thing is just layer 1 design of a system. Layer 2 design, which I haven't even began to share my 3 year research, is very real.
You know defi space is maturing when options convo includes volatility instead of just strikes and expiry (& memes) 🥲🥰
Would y'all like an AMA on
@joinClubhouse
at the end of feb? Options theme concludes. So you could ask all your questions.
Stablecoins are no longer what they used to be in 2017. They have changed in 2021.
To understand how stablecoins are created and to compare different stablecoins, we must know 3 important characteristics: collaterals, mechanisms, and pegs
h/t
@el33th4xor
's research
Viola! You can pre order at 20% discount today 🥳
The physical copy is still waiting to be approved hence the delay. So I'm sharing the ebook copy link first!
Again, I will stress that it is a very niche and very nerdy book. It goes into the math and economics of things!🤓
4) Lastly, it uses
@AmpleforthOrg
's model of tapping into secondary market for traders to do arbitrage to get the pegged value back to its ideal state.
Why would they do that? Bc traders get to make money. Duh.
Win-win-win.
Hi y’all, looking for more girl-friends. Pls intro brainy girls. Bonus if real entrepreneurs (vs wantrepreneurs).
Mainl to balance the ratio of friends.
Thanks!
L.
How tokens and distributed ecosystems/platforms are powerful.
Problem today: Section 230 in US laws protecting platforms. Anyone can post what they want. It's up to the platform *in good faith* to moderate.
Solution: transferring power by the platform to community
The security aunty downstairs is super adorable. But she’s always trying to match make me w everyone that comes to the office and asking when I’m gonna get married 😂
Podcasts are great but sometimes I feel like it really emphasises the bubble I live in. and that doesn’t make for an anti fragile person.
Pls shill me some anti crypto, anti DeFi, anti token sort of podcast and materials.
Criteria: they have to be well research.
TY! 💛
Listen, this is what economics design is all about. It's about aligning incentives between agents. With or without tokens (aka the incentive). And the economic rules to align incentives and coordinate trade-offs.
And that is how we are building our future of tmr.
Hope that helps explain it easily and you don't have to understand economics or finance to get it. And if
@AndreCronjeTech
can check and verify that it's right, that'd be great.
crypto: the only industry where people can account *anything* as revenue 😅 lots of great analytics dashboards out there, but no one defines revenue the same way.
we have so much to do in the analytics space to even define what "revenue" is.