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Allan Profile
Allan

@niemerg

Followers
4,335
Following
4,341
Media
157
Statuses
5,756

Chicago
Joined October 2008
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@niemerg
Allan
3 years
It’s not a currency unless it comes from the Currensaié region of France, everything else is just sparkling medium of exchange
@BloombergTV
Bloomberg TV
3 years
"Cryptocurrencies are not currencies. Full stop," says ECB President Christine Lagarde
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@niemerg
Allan
3 years
So, massive dip and not a single protocol blew up? Incredibly bullish.
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@niemerg
Allan
2 years
got liquidated by my own protocol... down bad
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@niemerg
Allan
2 years
Everyone wants to create a DAO, very few people want to run a DAO
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@niemerg
Allan
2 years
once it’s clear that ETH is going to flippen BTC, it will probably happen very fast.
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@niemerg
Allan
3 years
There will never be more than like 100,000 or so 2007 Kia Sedonas. What an incredible store of value.
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@niemerg
Allan
2 years
on the plus side, the protocol working as expected
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@niemerg
Allan
3 years
Ethereum enables great ideas to be their own venture capital.
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@niemerg
Allan
3 years
Why do random protocols on Cardano or whatever have like 25 employees and Ethereum protocols are like 3 eighteen year olds. What are all those people doing?
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@niemerg
Allan
1 year
chatGPT is going to change how people write. Near perfect writing will now be seen as low status and boring(you copied a bot), and clever informality will be high status. Just wait; soon advice articles will explain how to use "fuck" in business emails just to show you wrote it.
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@niemerg
Allan
2 years
a token won’t fix your lack of product-market fit
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@niemerg
Allan
3 years
Taking a job with Google or Facebook is a mistake. All of their innovation is behind them, the high salary won’t compensate for the big company drudgery, the equity they give you will disappoint. Just say no and come build the future in decentralized finance.
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@niemerg
Allan
3 years
In retrospect, it was obvious that billionaires would find shitposting about crypto as fun as the rest of us
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@niemerg
Allan
2 years
Is there a way to prove you own one address in a set of Ethereum addresses without revealing which one?
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@niemerg
Allan
4 years
I’m excited to announce Yield, a company bringing fixed-term, fixed-rate lending and interest-rate markets to decentralized finance. The @yieldprotocol builds on a paper published by @danrobinson from @paradigm , and we’re thrilled to have a seed investment from Paradigm.
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@niemerg
Allan
5 years
Blockchains aren’t for transactions, they are for proofs of state changes. We aren’t counting money, we are counting a changing world.
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@niemerg
Allan
2 years
I should sell my $MKR for $FXS, completely different levels of innovation tbh
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@niemerg
Allan
3 years
It’s always been interesting to me that p2p file sharing wasn’t ended by regulators, police, or legislators, but rather by traditional businesses accommodating the new tech reality. What does this imply for p2p money?
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@niemerg
Allan
6 years
I’ve yet to see an interesting idea in crypto that doesn’t make me recall some bitcointalk forum post from pre-2013. The intellectual history of bitcoin is rich and amazing.
@nic__carter
nic "bankful" carter
6 years
should I quit my job and be a full time bitcoin historian
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@niemerg
Allan
2 years
Bitcoin may be bigger (for now??) but it’s Ethereum that everyone aspires to beat
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@niemerg
Allan
3 years
My $0.02: EIP-1559 is gonna look like a dud--low or negative ETH price growth, modest fee burn, and panned for being overhyped--but, then, after a while, suddenly ETH just 🚀🚀🚀 unexpectedly
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@niemerg
Allan
5 years
Everyone seems to expect journalism to be free, meanwhile, Netflix has a 150 million subscribers paying $10 a month. How did this happen?
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@niemerg
Allan
3 years
you can measure innovation by how uncomfortable it makes people.
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@niemerg
Allan
4 years
@danrobinson Wrong. It borrowed the shark, then put the shark in a shark pool for shark tokens, sold the shark tokens for whale tokens, then staked the whale tokens by putting them in a 98% Dai/2% Whale pool, and then, in Curve... 1/100
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@niemerg
Allan
3 years
Open source developers should start making NFTs for their software. Open source code is art, and it should be as highly valued as a beeple.
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@niemerg
Allan
3 years
Doesn’t matter how you pronounce ETH, if you say it three times a maxi shows up and tells you it’s a pre-mine scam
@iamDCinvestor
DCinvestor
3 years
Ethereum is so decentralized that we can’t even agree on how to pronounce ETH
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@niemerg
Allan
4 years
“Rug pull,” “exit scam,” “pump and dump” Is this like how Eskimos have 50 words for snow?
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@niemerg
Allan
4 years
@mikedemarais
mikedemarais.eth (on fartcaster)
4 years
which VC funds add the most value to the defi projects they invest in? and how?
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@niemerg
Allan
2 years
my technical team just made me sit through an hour long presentation on how amazing foundry is. Ok, fine, solidity language tests, fuzzing, symbolic execution--it's awesome. Are you happy now @gakonst ?
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@niemerg
Allan
2 years
Some DAOs are at the vanguard of bureaucracy innovation—if you love bikeshedding processes and never doing any work, this is your golden age
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@niemerg
Allan
3 years
ohhh yeah
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@niemerg
Allan
3 years
How it started How it’s going @0xtuba
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@niemerg
Allan
2 years
since the bubble burst, DeFi has become a lot more fun. The tourists bailed and now people are more interested in the tech and building quality. LFG 🚀
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@niemerg
Allan
3 years
Thrilled to have @yield continue this partnership with @paradigm , and I'm super excited about our new investors. Together we are going to make fixed-rates a fundamental part of DeFi!
@yield
Yield Protocol
3 years
Excited to announce the close of our Series A of funding led by @paradigm , and to share some new details on Version 2 of @yieldprotocol .
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@niemerg
Allan
3 years
Games like @darkforest_eth are incredible for the Ethereum community. Ethereum novices can learn a lot about blockchains, smart contracts, zero-knowledge proofs, NFTs, and more all as a side-effect of having fun.
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@niemerg
Allan
2 years
web3, because regulators thought we needed pop ups about cookies to protect our privacy, when what we really needed was new business models that don’t rely on spying
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@niemerg
Allan
3 years
I just called my Senators @SenDuckworth and @SenatorDurbin to encourage them to support the Wyden-Toomey-Lummis amendment to the cryptocurrency provision of the infrastructure bill. I would encourage everyone else to call their Senators as well.
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@niemerg
Allan
3 years
@danrobinson he didn't destroy your house, but looks like he did start living rent-free inside your head
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@niemerg
Allan
3 years
The ribbon drama shows that even 12 years into crypto, one of the most pressing challenges is… the Sybil problem.
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@niemerg
Allan
3 years
is there an effort to buy the .eth TLD so that ENS names can be resolved by normal browsers?
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@niemerg
Allan
6 years
People always tell me that if you want followers, you need to tweet once a day. This is that tweet.
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@niemerg
Allan
6 years
I understand the motivation here, but you might consider how the phrase "cryptocurrencies" and "crypto" has made cryptography and information security cooler than anyone might have dreamed a decade ago.
@zooko
zooko🛡🦓🦓🦓 ⓩ
6 years
@paul_pearce I got you fam. I'm organising everyone to migrate from “cryptocurrency” to “cybercoin”.
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@niemerg
Allan
3 years
Everyone is worried about the MEV in Ethereum, but what about the MEV banks like JP Morgan are extracting out of the New York Federal Reserve?
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@niemerg
Allan
2 years
@sam_defi exactly this
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@niemerg
Allan
3 years
@defi_kublai @antiprosynth i mighta paid big dollars to use coinbase while it was down. ETH high gas prices are feature, not bug.
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@niemerg
Allan
2 years
if open source software were rebuilt with crypto such that it enforced payment to developers, what would it look like?
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@niemerg
Allan
3 years
anyone wanna try out Yield v2 on mainnet? DM me
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@niemerg
Allan
3 years
is it stEth or stETH or STETH, or am i ngmi for even asking like a boomer?
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@niemerg
Allan
3 years
Suppose you are a really smart mechanism designer, but you know very little about the constraints of Ethereum programming or the adversarial environment it exists in. Are there good resources to get you up to speed? @_Dave__White_ @gakonst @danrobinson
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@niemerg
Allan
2 years
bears would rather you be poor than see themselves become rich
@cmsholdings
THE CMS
2 years
Remember bears are poor and betting against their common man they are not just wrong they are evil
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@niemerg
Allan
2 years
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@NourHaridy
nour
2 years
When did DeFi become all about “the flywheel”? Makes me depressed seeing DeFi turn into a big game of who can make the most elaborate multi-layer emissions ponzi
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@niemerg
Allan
3 years
@pythianism gotta disagree. Optimism is more powerful than nostalgia. It's not easy to see, because our culture has made optimism taboo. But we once believed in better societies through new technology and social structures. I love retrofuturism--a nostalgic for the optimistic past
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@niemerg
Allan
3 years
What's the best tax software for Ethereum wallets?
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@niemerg
Allan
3 years
why isn’t there like a $100M effort to improve Ethereum to increase the gas limit 10x? Hard to believe there is no room for improvement
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@niemerg
Allan
3 years
Traditional finance hides its corruption by being boring—crypto exposes that corruption by being absurd. Yes, money is created out of thin air and given preferentially to insiders, but we added dog memes, so it’s funny!
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@niemerg
Allan
3 years
The Research team at @Paradigm is a wildly talented group, and having @danrobinson leading it just feels right. Dan's brilliant, unbelievably prolific, and a great friend. Congrats, Dan!
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@niemerg
Allan
4 years
Just like how traditional options markets didn’t take off until Black Scholes taught us how to price them, on-chain derivatives might not take off until we have a CFMM to trade them. That’s why @yield is so proud of our YieldSpace market for fyTokens.
@tarunchitra
Tarun Chitra
4 years
This tweet reminds me that short theta strategies are pretty horrendous on-chain, but there's a lot of improvement that can be made in reduction of decay if you merge issuance with CFMM construction Component all options CFMM designs seem to miss: ♾ adverse selection at expiry
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@niemerg
Allan
2 years
kinda wild that a large amount of defi yields come from an exchange that only does 7% of DEX trading volume. makes you wonder, what would DeFi look like if Uniswap had degen tokenomics?
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@niemerg
Allan
3 years
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@niemerg
Allan
2 years
ETH degens will throw money at every ponzi but won't borrow Dai at 1.5% and lend to the U.S. government at 4.45%?
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@niemerg
Allan
3 years
@danrobinson the @danrobinson - @josephdelong beef is my favorite twitter drama rn
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@niemerg
Allan
2 years
the ultimate DeFi power move is to wait to release a token and instead focus on building a better product
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@niemerg
Allan
3 years
Just as the printing press took writing from the elites and gave it to the masses, crypto takes finance from the elites and gives it to the masses. It’s a little weird at first, but you’ll get used to it.
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@niemerg
Allan
6 years
@csuwildcat @twobitidiot Or those 5 things will be used as the justification for various authoritarian policies. Technology doesn’t magically solve governance problems.
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@niemerg
Allan
3 years
Crypto is weird—you can love it or hate it, but you can’t ignore it. It’s growing fast and relentlessly, challenging everything you thought you knew about money and finance. Once you see the world with crypto eyes, you can’t see it any other way.
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@niemerg
Allan
1 year
the great insight of Foundry was that solidity devs shouldn't have to switch languages to test. But maybe they didn't go far enough, why can't i query all information in the Ethereum blockchain using solidity? Why can't I make front-ends in solidity? @gakonst @brockjelmore
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@niemerg
Allan
8 months
@MikePFrank the energy loss per mirror is apparently really high, so removing a single mirror would increase productivity a lot increasing the puzzle
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@niemerg
Allan
11 months
why are there no certificate authorities for smart contracts? Would be nice to have cryptographic proof that a contract is from Uniswap, Maker, whoever...
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@niemerg
Allan
3 years
@hcdoe About what? Is it all like “$ADA is gonna flip $ETH because of Charles’ majestic beard and charm with the ladies #ADAbeards
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@niemerg
Allan
3 years
If you thought $TITAN was entertaining, just wait until nations get into the undercollateralized stablecoin game.
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@niemerg
Allan
3 years
🤫🤫🤫 Alpha Leak! 🤫🤫🤫🤫 Right now on @yield you can borrow Dai at 2.5% for 3 months. Rates are going up! Don't wait, and don't tell anyone! 🤐
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@niemerg
Allan
3 years
It’s crazy that you could shut down all of DeFi and still have a massive Ethereum ecosystem based around NFTs. This is beyond regulators at this point.
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@niemerg
Allan
3 years
The great thing about DeFi is that people consider themselves "farmers" and "builders," not bankers. Before, you had to be an elite at an elite bank to even participate. But now, anyone can build the future of finance, even if you grew up living and working on a farm, like me.
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@niemerg
Allan
7 months
@Mudit__Gupta don't overthink it, it's a bear market. All of Yield's investors are great, but no one was more supportive than @paradigm
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@niemerg
Allan
3 years
Can’t wait for ETH to hit $2021 in 2021. 🙏
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@niemerg
Allan
2 years
@cmsholdings I've seen rallies you people wouldn't believe
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@niemerg
Allan
3 years
The great thing about ETH was that developers could buy it cheap and get rich by building on it. At these solana valuations, no developer can “buy in” and expect similar kinds of upside.
@robustus
Dan McArdle
3 years
@ceterispar1bus @hoaktrades Def eos vibes, but also seems like more legit dev traction than eos ever had. That said, hilariously overvalued at $114B compared to where eth was in terms of traction, mindshare, ecosys importance, etc, when it was $114B
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@niemerg
Allan
3 years
they gonna be so mad when crypto bros solve climate change next week we’re gonna have ice caps sponsored by ftx
@RuneKek
Rune
3 years
Maker is in the position to use the most powerful tool ever invented - money - to deal with the existential threat of climate change. Clean Money grows and generates value through positive environmental impact
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@niemerg
Allan
2 years
during the crypto fight of the 90s, you protested bad laws by emailing short snippets of Perl internationally, now you can build and launch uncensorable protocols
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@niemerg
Allan
2 years
I don't care about your pronouns, I want to know what EVM opcodes you identify as
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@niemerg
Allan
2 years
@andy8052 but if that's the attitude that pervades the ENS system, it greatly diminishes ENS's value. Name squatters didn't create the value in that name.
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@niemerg
Allan
2 years
Ethereum is not a nation state, because they are about involuntary control of people. Instead, Ethereum is a way to voluntarily transcend the nation state.
@js_horne
jacob
2 years
Ethereum is a nation state.
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@niemerg
Allan
2 years
@pythianism people ain't ready for a world where we replaced JP Morgan with DAOs run by anons
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@niemerg
Allan
3 years
I hear the Federal Reserve is down ($USD). I didn’t even know they had a chain. What language is its smart contracts in? Where are the docs? How do I farm its token?
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@niemerg
Allan
2 years
my wife makes fun of me for saying “please” after giving commands to Alexa. Look, I don’t know about y’all, but I hope to live through the robot uprising
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@niemerg
Allan
2 years
Hustle culture needs to stop. It’s no longer enough to be a 10x developer, now you have to be ten 10x developers.
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@niemerg
Allan
3 years
I keep thinking about this moment. Can’t wait to see v3. @haydenzadams
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@niemerg
Allan
6 months
@francoisfleuret @NousResearch Two of your questions are in the Dove dataset which is included in Capybara ("three apples" and "blix"). I have a copy of the dataset and couldn't find any of your other questions in Capybara.
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@niemerg
Allan
2 years
Could a new stablecoin just ignore the curve wars? Uniswap v3 is where the trading volume is. Or is it important as a way to do liquidity mining?
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@niemerg
Allan
2 years
@Brotsu Excellent EIP
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@niemerg
Allan
7 years
This is awesome. Worried about the security of a SNARK parameter generation event? Soon, you need only trust yourself by participating in the event!
@zooko
zooko🛡🦓🦓🦓 ⓩ
7 years
Cryptographic design for the next Zcash setup Ceremony: by Sean Bowe, Ariel Gabizon, and Ian Miers
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@niemerg
Allan
2 years
The @yield community is quiet, but mighty. We are currently ahead of two of the biggest projects out there, and we need your vote! Vote here:
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@niemerg
Allan
4 years
Yield is building yTokens, a new DeFi primitive, on Ethereum. The first token supported by the protocol will be yDAI, which will enable fixed-rate borrowing and lending in the Dai stablecoin with ETH collateral.
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@niemerg
Allan
4 years
yDai, from @yield , will change the game in Dai borrowing and lending.
@yield
Yield Protocol
4 years
Introducing yDai, the first product built using the @yield Protocol. yDai will allow fixed-rate, fixed-term borrowing and lending of Dai, and will reveal the Dai yield curve.
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@niemerg
Allan
3 years
being an “Accredited Investor” is an unconstitutional title of nobility
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@niemerg
Allan
3 years
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@niemerg
Allan
3 years
Millennials (during gfc): please, sir, let me get you coffee for free so that one day you might consider paying me. Gen Z (during NFTs): I flipped a list of words so now I own 3 houses
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@niemerg
Allan
3 years
The eternal struggle: do I post on main or anon?
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@niemerg
Allan
7 months
Crypto has great fundamentals but a bad reputation. The reputation hurts on the short term, the fundamentals will win over the long term.
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