Jππ₯©π§
@CryptoJustina
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I do not give financial advice . writing about crypto for fun
Joined April 2020
CURVE FINANCE PART 1 When we understand the curve model we understand everything: by everything is the so called βwarsβ in $ftm protocols. Curve is a DEX that runs on $eth . Many DEXs use an AMM model where assets are priced via a pricing algorithm. 1/6
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Look out for AI projects. Hunting season officially commenced. Xoxo
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$equal looks promising, specially with big new developments coming up for the Fantom Network. I wouldnβt call it a βforkβ, but a reconcieved model that made necessary improvements tackling down limitations.
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Another matter to look at is the fact that the rebasing model was removed. Originally, this might have benefitted early investors but at the same time creates a monopoly on voting power which damaged late comers, disrupting the ecosystem and damaging everyone
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The reduction of the lock up period of veLOCK ($equal tokens from 4 years to 6 months) is BY FAR more encouraging. This increases,as a consequence, the circulating supply.
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Why look into $equal specially with Fantom Sonic launch right around the corner?: Solidly main issue was the inability to spur desired voting behavior mainly because of a not successful fee-bribe relationship.
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In the case of the ve(3,3) models, to make the long story short and not delve into concrete tokenomics, LPs are incentivized through emission. Equalizer is a Solidly βforkβbuilt on ftm. Now, Solidly had execution issues but it sure paved the way to built DEXs upon this core idea
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Eye on Equalizer: ve(3,3) model reawakens π§΅ Model pioneered by Andre, led us to a first glimpse of these type of DEXs such as Solidly. A traditional DEX might dillute token value and misaligne incentives due to the fact that LPs in this scenario are impulsed with native token
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Reminder that sometimes you just have to sit on your hands. Anxious? Go for a walk. Donβt even dare π $ftm
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Good morning. $equal starting to make sense to me. VeNFT but make it worthwhile. π£
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Sonic is an enlightened leap that highlights the distinctive strength of the network. Always the most overloooked layer-1 project. But hey, dont be late to the party. 10/10
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As the node storage will be reduced, it is expected to see upsides in the network performance. Fantom might have the highest scaling ceiling of any blockchain currently. 9/10
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This last one has weighty limitations since it only settles 18 transactions per second. Processing transactions faster translates into reduced costs. Furthermore, Sonic introduces a new database storage engine known as Carmen 8/10
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The relevance of FVM is substancial and it is another significant feature of the upgrade. It is a sizeable difference over the EVM(ethereum virtual machine) increasing the overall speed of execution. 7/10
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Fantom Sonic is set to replace Fantom Opera, introducing the OPTIMIZED LACHESIS. Validators will be able to process blocks simultaneously making the whole network faster , more reliable, and more efficient. 6/10
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Fantom Opera was an additional layer within ftm launched in 2019, which, to make the long story short and not get into to much technical vocabulary, validations used Lachesis (Proof Of Stake) to validate transactions and produce new blocks. 5/10
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Scheduled for spring 2024, the launch of Fantom Sonic promises to transport the network into a new era of blockchain. Letβs debrief and see what this is actually about.4/10
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So what was it? A more logic approach is to focus on the new developments fandom incorporated to explain this price restoration on the token of the Fantom Network, and why it is a good idea to hold on to your $ftm 3/10
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Or was it the splash of whales appearing in the scene that some might suggested? (purchasing an amount of 4M $ftm but, with a current market cap of 2.2B, in my opinion, this influx of money seems rather negligible) 2/10
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