Bringing simplicity to the complexity of whitepapers. The goal is to enable the masses have an idea of their investments.
Joined February 2018
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Very interesting take. However, going by your analogy, it means there will be a catastrophic meltdown of Blast Chain if this occurs in practice.
Let’s assume that the team behind Blast is the custodian of the bridge.
My first take on @Blast_L2 and the risk of your deposits there. The idea to invest your funds put in a bridge is not new, but Blast takes it to the new level (in terms of TVL, at least) 👇🧵
I think there should be risk tiers and tranches for people that want to bridge to blast.
Users should be able to opt-out of the native yield that comes from depositing in @aave and other the money markets.
In a few months, @WhalesMarket has amassed a substantial amount of volume with a clear pmf for its offering.
However, the goalpost has to be set farther. More features have to be built.
What can be done to enhance the UX of the protocol?
I share some thoughts:
Example:
- Person A is eligible for some points on @friendtech.
- Person B is eligible for some points on @HyperliquidX. - Person A wants exposure to Hyperliquid but doesn’t have extra capital to bid for it on Whales Market.
- Person A and Person B can go into an agreement that
It’s already happening albeit in a masked form.
Trading bots like @TeamUnibot, @bonkbot_io, @tradewithPhoton use smart wallets to ease the user onboarding process for purchasing and selling coins.
Some projects even offer more layers of abstraction:
- Displaying an Ens domain name instead of the raw address
- Paying for gas on behalf of the user using @StackUpHQ or @zerodev
- Accepting other Erc20 tokens for gas fees through the use of Paymasters