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A modest proposal: USDC v3
January 24th, 2022
Centre’s USDC has become the second largest stablecoin in DeFi. While it has maintained its 1:1 peg with the US dollar well, its “blacklist” functionality comes with a heavy tax on users, amounting to, by my estimate, an extra $3.6M spent in transaction fees in December 2021 alone.
DAOs and the Free-rider Problem
December 21st, 2021
The free-rider problem arises when a good or service has private costs and non-excludable public benefits. A classic example is a firework show. Fireworks can be enjoyed by anyone in a particular area regardless of whether they pay for it (it’s hard to stop people from looking at the sky if they don’t have a ticket).
Should Uniswap be an oracle protocol? Always has been.
December 6th, 2021
In May of this year, Vitalik created a post on the Uniswap governance forum called, “UNI should become an oracle token.” He argues that there is a need for oracles to provide off-chain data, and that UNI is in a good position to provide an alternative to Chainlink for high-value, latency-tolerant use cases.
The US government as a smart contract
November 30th, 2021
Disclaimer: this post and accompanying code is meant for educational purposes only. None of this is audited, and you should seek out audits before using contracts in production.
How to use Dune Analytics like a degen
November 16th, 2021
So you want to write a Dune query for some quick and dirty analysis, but the contract isn’t verified on Dune! \*starts sobbing uncontrollably 😭😭\*
Liquidity miners: hands of 💎 or 🧻?
November 15th, 2021
Liquidity mining is the practice of distributing governance tokens to users that provide capital to a protocol. Announcing it in May 2020, the first protocol to put this into practice was Compound. Regarding the aim of liquidity mining, the post states: