Created by Vladimír Husak
My mind doodles
Provides platform for directing votes of vote-locked CVX (vlCVX) to CRV gauges.
Protocols outside of the curve whitelist can still benefit from rewards.
New layer (4) in the Curve wars
First mover in accumulating CRV tokens in order to become the majority controller of CRV emissions. Now CVX controls 51+% of CRV, therefore protocols now accumulate CVX to include in their mechanics (FXS, YFI etc.)
Enables you to be exposed to CRV benefits without holding veCRV for 4 years (cvxCRV) - liquid alternative to veCRV
Curve LP tokens can also be gamed this way through Convex - the larger the size of the pool (LPs or veCRV - the higher the boost) - so smallfish liquidity routed through Convex and shared back kind of like a cooperative)
Flywheel as users benefit from higher rewards, and Convex generates more CRV which they then lock or use to bolster the cvxCRV/CRV pool. Users who want flexibility bring their CRV to Convex (converted to cvxCRV) - one-way system (CRV blackhole)
The ecosystem coin of Secret L1
Governance, gas, etc.
Not a privacy coin (transparent governance, public, exchanges can list it)
Former Enigma
First by default private L1
Private by default smart contracts
Many bridges to create Secret (wrapped) versions
Any IBC-enabled coins can become private by default
By default EVM protected
Viewing key - wallets are by default not public unless the viewing key is shared!
Enables token transfers between networks
Interoperability tool
Cross-chain smart contract calls
Deep liquidity for stablecoins (v1) and now non-stables (v2). $22.5B TVL. Uses a different mechanism for swaps than Uniswap (very stable/low-slippage).
Liquidity is gamed by directing emissions of CRV and 3CRV to certain pools.
CRV token used for (1) governance + vote bribes (ve = vote escrow) - 4 yr lock = large vote power. These 'gauge weights' from votes decide on the direction of emissions. (2) Staked CRV earns fees from protocol. (3) Boost your own rewards by 2-5x by locking CRV.
Privacy tool
It's an illusion of pirvacy, as this only mixes your tx with other tx
Occurs as the price of the underlying assets changes
Automated market maker
Asset A x asset B = constant
Standard liquidity pools where anyone can provide liquidity
Uniswap, curve, convex
AMM pools into which anyone can deposit their fund and provide liquidity
Slippage on a swap is dependent on depth of liquidity (how much the swap affects the split of assets in the pool).
Non-fungible token
Each token has its unique attributes and is clearly different from another
Mostly art collections
Other usecases too
Farming-as-a-service
Decentralized exchanges don't require any account. We connect to them with our address and interact with them directly
Centralized exchanges own your gripto
Not your keys = not your gripto
Often better liquidity resulting in less slippage
More risk management tools such as stop-loss, trailing stop-loss, etc
Staking opportunities, launchpads, IEOs and many other features
AMM strategies that work around over/under collateralization of your assets
Earning passinve interest
DEX and defi
OpenSea
Looksrare
TofuNFT
IMX
LP tokes works as receipts for depositing liquidity to the pool
Can be further staked as "proof of deposit"
Interest bearing tokens
Perp and spot exchange
Very deep liquidity via GLP (index of assets)
Minimal slippage
Entire ecosystem with unique tokenomics
X dev
POS mechanism
Gamma strategies (former Visor)
Researches strategies focused on concentrated liquidity
Manages liquidity for projects
"LooksRare is the community-first NFT marketplace that actively rewards traders, collectors and creators for participating."
$LOOKS token
- Reward for trading on Looksrare
- Sharing of platform fees
- Royalty payments at the moment of sale
NOT a fork - built for scalability
Ready for ETH scaling solutions
LOOKS token stakers earn 100% of the trading fees on LooksRare.
Trading rewards are calculated daily and rewarded to users 2 hours after the end of each day. The entire schedule of trading reward emissions will be over 4,686,250 Ethereum blocks (or approximately 721 days, using 6,500 blocks per day), at which point all LOOKS token emissions will come to an end as the ecosystem becomes fully self-sustaining.
First AMM
V2 - liquidity pools
V3 - concentrated liquidity
Deeper liquidity around market price
Reduces slippage
Increases LPing efficiency
Similar to leverage
3 critical aspects
Decentralization, scalability and security
ETH L1 offers good decentralization and good security, but lacks scalability
Which is why we need L2s
Cosmos itself is a layer 0 called a Hub
This hub is connected to Zones. Zones are blockchains (L1s)
Cosmos SDK makes deploying a zone as easy as launching a smart contract
Zones can communicate with each other via Inter Blockchain Communication (IBC)
Tendermint security
$ATOM is used for fees, governance and staking
