Dennis Zoma (@dennis_zoma) • Hey

Building onchain usernames for everyone at nameverse.org.

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gmgm 🌱
gn 2022
👀 What an incredible amount of Alpha from @aavechan.lens in his interview with @alpha_pls. 👀 🧵👇 This is a great look into the future of @aavee.lens and the entire defi ecosystem. Put your glasses on and find a dense summary of all the alpha in the comments of this thread! What's ahead for @aavee.lens: - @stani.lens and the team created a multi-year vision of which only 5% has been achieved yet. 95% are still to come - Aave is also creating institutional products that are not publicly available as of now - Aave will launch its own crypto debit card - Lending protocol, stablecoin, and social media with @lensprotocol will come together to form an all-in-one app with integrated wallet functionality - Aave V3 & $GHO to be released in coming weeks @aavechan.lens on the future of $GHO and how it will contribute to the Aave ecosystem: - High liquidity of Aave increases the chances of $GHO being a success - $GHO will increase efficiency as cross-product currency within AAVE - $GHO will be natively integrated to @LensProtocol - $GHO will also be the main means of payment & exchange in the upcoming (fintech) app from Aave Alpha on Portals (cross-chain functionality for Aave V3): - Pushed back in priority. Makes sense as soon as V3 is launched on multiple chains - will come in two stages - Portals V1: cross-chain credit lines with trust assumptions - Portals V2: Needs actually cross-chain messaging provided by Chainlink via CCIP. Team has a weekly call with Chainlink to update on the development. Big Alpha: Aave is looking into non-EVM chains - Already known is the upcoming deployment on Starknet - Aave on Starknet will be magnitudes more efficient & will allow for new and more complex algorithms - Other non-EVM chains are attractive once TVL and user numbers are significant enough My personal opinion on the interview and what's ahead: - Every step of that Aave is doing contributes to the vision of creating an all-in-one web3 platform that could onboard the masses. Aave will most likely bridge the gap between web2 fintech and web3. Lens will enable the onboarding of content creators & social communities which will use web3 in an intuitive way with all the complexity abstracted away. Thereby, Aave smoothly creates native integrations of all of its products that will compete in market share with the super-apps of web2. Props to @aavechan.lens and the team! And now imagine that cross-chain V3, $GHO, Lens, Aave institutional, debit card & all-in-one app are just 5% of what's to come. You can find the full interview from @alpha_pls & @aavechan.lens under the following link: https://alphapls.substack.com/p/the-buildooooooor-marc-zeller-of Props to @aavechan.lens and the team! And now imagine that cross-chain V3, $GHO, Lens, Aave institutional, debit card & all-in-one app are just 5% of what's to come. You can find the full interview from @alpha_pls & @aavechan.lens under the following link: https://alphapls.substack.com/p/the-buildooooooor-marc-zeller-of
gm 🇫🇮
elon is overtaking twitter. but nobody can overtake a decentralized, permissionless, and open social-graph. LFG 🪴
lensanalytics.xyz now shows metrics of a particular lens handle 🚀 - Followers - Following - Follow Revenue - Total Collects - Total Comments - Total Mirrors - Total Publications @lensprotocol
lensanalytics.xyz now shows metrics of a particular lens handle 🚀 - Followers - Following - Follow Revenue - Total Collects - Total Comments - Total Mirrors - Total Publications @lensprotocol
Glögg in Stockholm 🇸🇪
👻 It's getting spooky here 👻 @AaveAave.lens recently announced a development update on $GHO! 🪙 Time for us to have a closer look and provide you with all the alpha available on $GHO so far 👀 New to $GHO? Get a little refresher in our previous thread covering all the main aspects: https://twitter.com/Stablecoinswtf/status/1545420652844265473 In its latest development update, @AaveAave.lens provided the first technical paper explaining how $GHO works. Also, we can only recommend checking out this great thread by @ipor_intern digging into the details of $GHO's technical implementation: https://twitter.com/ipor_intern/status/1581567543914872834 Let us now dive deeper into what makes $GHO truly special and which implications this might have for the broader DeFi market 🕵️‍♀️ How facilitators might let the $AAVE DAO to become the leading central bank of DeFi 🏦👇 $GHO introduces the concept of facilitators. Facilitators are independent entities granted the right to mint $GHO in a trustless manner. Each facilitator and its mechanism to offer $GHO has to be approved by the $AAVE DAO. At any time, there is a max. supply of $GHO defined by the $AAVE DAO. Also, each facilitator has a defined 'bucket' that sets its individual maximum supply of $GHO that can be minted. ➡️ If a transaction exceeds the supply limit of $GHO for the specific facilitator, the transaction fails. Now, let us have a closer look into how this system could look in practice 👀 The first $GHO facilitator will be the @AaveAave v3 protocol itself. Over time, the AAVE DAO will vote on the proposals of potential facilitators and eventually might enable them to trustlessly mint $GHO. These facilitators could for instance be RWA-based via @centrifuge, algorithmically credit-based similar to @BeanstalkFarms or CDP-based protocols such as @QiDaoProtocol. The possibilities are endless and only limited by the risk-appetite of the $AAVE DAO. The facilitators will enable $GHO to potentially reach any stablecoin user group across all chains and ecosystems. This does not only put the $AAVE DAO into the position of a central bank within the DeFi ecosystem (given $GHO is able to gain a large market share) but also places significant responsibilities on the DAO which could even transition to a systematic risk for the wider DeFi market. It will be up to the DAO to find and implement a working and efficient governance & risk monitoring process to securely scale $GHO among multiple different facilitators. Another key pillar of $GHO will be its interest/borrowing rate on AAVE v3. $GHO will start with a fixed interest rate set and governed by the $AAVE DAO. This further highlights the DAO's potential role in becoming one of the key economic policy drivers in DeFi. However, fixed interest rates are not easy to manage and likely to bring markets out of equilibrium in the long-term. Find below an illustration on how the $AAVE DAO could implement and change its interest rate approach following the growth of $GHO 👇 With a growing $GHO market share, the $AAVE DAO might implement a separate Risk Admin Entity which might autonomously manage small interest rate changes under adversarial market conditions. After $GHO has matured, it might make sense to switch to a floating interest rate based on a utilization curve or a similar mechanism. So how does @AaveAave actually benefit from $GHO? 👻 This and more interesting insights into $GHO are covered in our new blog post! 📝 Follow this link to get the full alpha, anon 👇 https://stablecoins.wtf/articles/the-inception-of-gho You will learn ... ⚙️ How $GHO works in detail 🏦 How it's intended to hold it's peg 👥 How it's governed 👀 What's next to come ... and most importantly, how $GHO integrates with and benefits @AaveAave & the $AAVE community ✅ We hope you like this thread and our new article on $GHO! If you want to support us, please collect this post, and follow @Stablecoins.lens 💛 … To stay up-to-date with all the exciting stablecoin news ahead! 👀 Original Tweet: https://twitter.com/Stablecoinswtf/status/1584452390136135680
Just had the thought that Lens Protocol could not only be used to replace short-form and image-base social media. But it could also revive the "private blog" / myspace culture with longer content and more customized pages. With all the social interactions & content in sync. 🤯
Hey fellow farmers! 🌾👩‍🌾 🚨 We are happy to announce 🚨 → The addition of $BEAN by @BeanstalkFarms to our dashboard → Our first in-depth coin analysis (link below 🔗👇) $BEAN is a stablecoin pegged to the USD and backed by credit instead of collateral. 🚜 It’s is algorithmically issued by Beanstalk, a permissionless fiat stablecoin protocol. The protocol aims to solve the so-called stablecoin trilemma (see also https://stablecoins.wtf/resources/the-stablecoin-trillema). The initial success of the protocol that was launched in Sep 2017 grew the market cap of $BEAN to over $110M. Then, the protocol experienced a governance exploit that resulted in a tremendous loss of $77M in non-BEAN assets and forced the community to halt the protocol. This August, the protocol finally relaunched its operations. How does Beanstalks' credit-based mechanisms work and keep $BEAN at a peg with the USD? $BEAN holds its peg based on the algorithmic control of its supply. This happens by either minting new Beans or through the issuance of a native, debt token (the so-called 'Pods') in exchange for Beans. The debt tokens are issued via Beanstalk's own credit facility (known as the Field). Thereby, the debt tokens are issued when $BEAN tokens are lent to the protocol by creditors. The received $BEAN tokens are burned by the protocol to reduce the supply and can stabilize the peg if $BEAN is trading below a dollar. The debt tokens are issued with a fixed interest rate calculated by the protocol (known as the Temperature) and don’t have a maturity date. The interest rate of the debt fluctuates based on the current price of $BEAN, the debt level of the protocol, and the change in demand for the debt token. Thus, the quantity of debt tokens being issued is a function of the Bean price and the interest rate. Further, both, the amount of debt tokens issued and their interest rate are continuously adjusted every hour by the protocol. Once the protocol mints new $BEAN tokens based on more demand on the market, this newly minted $BEAN is distributed among different stakeholders. The split in the distribution of newly minted $BEAN is the following: - ⅓ goes to the creditors of the protocol to repay the debt + interest - ⅓ goes to governance participants of the protocol - ⅓ goes into a fundraising contract to reimburse the victims of the hack Important to know is that the protocol uses a decentralized on-chain oracle based on the shortage or excess of $BEAN in the BEAN:3CRV pool from Curve. This is done to have a censorship-resistant oracle for Beanstalk’s stability mechanism. Further, the BEAN:3CRV pool plays a substantial role in the demand creation for $BEAN and its high liquidity creates stability and supports the peg. The protocol even supports the depositing of LP tokens to participate in Beanstalk's governance. It's important to emphasize that the mechanism of $BEAN comes without a tradable governance token which absorbs the risk in the case of a depeg as it has happened with $UST & $LUNA. The risk absorbers are the protocols creditors that are compensated by the paid interest. The beanstalk protocol also introduces a governance mechanism that incentivizes the depositing of $BEAN or LP tokens and creates opportunity costs for stakeholders who want to withdraw liquidity. If you want to learn more about … ⚙️ How the protocol works in detail 👥 How governance is conducted 🐛 How it was exploited 🧡 How the community revitalized the system And most importantly: What are the risks associated with $BEAN and @BeanstalkFarms? Read our new in-depth article! 🔗 👉 https://stablecoins.wtf/articles/beanstalk-protocol This explainer is a perfect introduction for everyone who wants to dig deeper into @BeanstalkFarms and how the protocol tries to create an algorithmic and stable alternative. From today, we also track all relevant data & KPI's of $BEAN and provide you the easiest way of comparing $BEAN to all the other stablecoins out there. 🔗 👉 https://stablecoins.wtf/coins/bean We hope you like this thread and our new resources! If you want to support us, please share this thread & follow: @Stablecoins.lens 💛 … and stay up-to-date with all the exciting stablecoin news ahead! 👀👻
who wants to be my 100th lens fren? 🌿🎖️
We vastly improved the layout & readability of our long-form text resources. ✨ ➡️ ToC ➡️ Links to related coin-subpages ➡️ Better Typography 💙 Share Buttons Have another read, anon. 👀 And stay tuned for the next extensive article we'll release soon. 🔔
On one stage with @stani.lens @ DevConnect 🇨🇴 🤝
On Lens, you only can have a maximum number of followers of 340,282,366,920,938,463,463,374,607,431,768,211,459. I wonder whether that's future-proof 🤔 World population grows, anon. Source: https://github.com/lens-protocol/core/blob/b678530d020ecf31697ab9ed995e07fec25d7afa/contracts/core/FollowNFT.sol#L21
L2Beat finally launched its bridge dashboard explaining all the differences between the bridgings designs and the associated risks. A most look for everyone in crypto! https://l2beat.com/bridges/tvl/
Up for some stable alpha, anon? 👀 Down below is a list of new upcoming stablecoin projects… ⬇️ 🕵️‍♀️ We plan to provide in-depth articles and analyses to give you all the relevant knowledge you need to stay safe in the stablecoin market! ➡️$GHO from @aaveaave.lens ➡️@GyroStable (@aklamun & @ljfgudgeon) ➡️$crvUSD from @curvefinance.lens (@newmichwill) ➡️$SU from @stableunitdao (@lebed2045) What other interesting protocols are to be launched? Which one should we cover next? Let us know in the comments!
Thanks @aavechan.lens for demonstrating our dashboard in your weekly CryptoMatrix DeFi review! We hope to help our french friends in navigating the stablecoin markets! Find the video here 👇 https://www.youtube.com/watch?v=8Ou5QxTuA3s&t=1689s
✨ Just released my first VSCode extension. It automatically detects available *.code-workspace files & automatically opens them instead. Download it below ⬇️📂 In my opinion, VSCode workspaces are the way to go. – Especially in monorepos. But it's tedious to always open those instead of just the plain directory... Also, onboarding new team members and making them get used to the process of using workspace files is challenging. Please provide feedback 😇 https://marketplace.visualstudio.com/items?itemName=zoma.vscode-auto-open-workspace
gm ☀️
woke up and was annoyed by some vscode behavior. wrote my own extension in 1 hour to fix it. 💪 how is your day goin', fellow buildoor?
gm
I love that @lensprotocol frontends support GIF avatars 🎥🤯
gwa ha ha!
Stani on the importance of hackathon "Hackathons are the best way for developers to enter the Ethereum ecosystem. It's a new way of learning - about the technology & community at the same time" ─ @stani.lens #bytes
I just voted on "Election for the Initial Cultivators" @lensprotocol @snapshotlabs.lens https://snapshot.org/#/cultivatordao.eth/proposal/0xd512345eb6c9b7bbf57b28a8b4f7dc46d31ab6c19ac8ad5de4605fa52fcb9e98
Decentralized Web3 Social not only revolutionizes the game for users (owning/collecting/monetizing content). Also, with an open & accessible data graph, builders have unthought-of possibilities for developing applications/tools on top of it. Closed-source, unofficial APIs, scraping, and unreasonable rate limits are all things of the past 🤯
Finally on @orbapp.lens! First post - what a great experience accessing @lensprotocol on mobile. Cheers to @nilesh.lens and the whole team. I totally agree with @stani.lens, lens on mobile is a gamechanger! 🪴
Had a great time at @ethberlin.lens where @dennis_zoma.lens and I met @stani.lens to discuss some ideas on what to buidl on lens protocol. One nice idea was a leaderboard for lens revenue 🤑 few days later and it's there🚀: https://dune.com/zoma/lens-revenue ✨Track more tokens: WMATIC, USDC, WETH, NCT ✨Convert & accumulate total accrued USD value ✨Show associated Lens handles with @lenster.lens links ✨Faster execution (< 30 min for the full Lens history) Follow & Mirror if you want to see us building a frontend around Lens revenue analytics 🚀🚀
Finally on @orbapp.lens! First post - what a great experience accessing @lensprotocol on mobile. Cheers to @nilesh.lens and the whole team. I totally agree with @stani.lens, lens on mobile is a gamechanger! 🪴
Decentralized Web3 Social not only revolutionizes the game for users (owning/collecting/monetizing content). Also, with an open & accessible data graph, builders have unthought-of possibilities for developing applications/tools on top of it. Closed-source, unofficial APIs, scraping, and unreasonable rate limits are all things of the past 🤯
My curiosity races late at night. Will be trying a new experiment on Lens this Sunday that I can't do on any other social platform. Make sure you're subscribed to the newsletter to get notified first: https://levychain.substack.com/
Today's episode ft. Black Dave We cover: - Getting started with music NFTs - Designing experiences for collectors - Balance between documenting/creating - Rent-based NFTs - Free NFTs - Snoop Dogg NFT collab - Value of community ownership + much more👇 https://levychain.substack.com/p/black-daves-mental-model-on-designing?r=62qb9&s=w&utm_campaign=post&utm_medium=web
Amazing dashboard! was also looking at the total collect revenue, is that based on past x days? comparing to stats.lens.xyz Keep updating this its very good!
gm data lovers and lens earnooors 💰 Thanks for all the positive reactions on my last post. Since then, @cryptoneur.lens and I much improved our queries regarding revenue analytics on @lensprotocol: ✨Track more tokens: WMATIC, USDC, WETH, NCT ✨Convert & accumulate total accrued USD value ✨Show associated Lens handles with @lenster.lens links ✨Faster execution (< 30 min for the full Lens history) Check out our new dashboard on Dune: https://dune.com/zoma/lens-revenue Follow & Mirror if you want to see us building a frontend around Lens revenue analytics 🚀🚀
Hello Frens 👋 I am new here. Please be kind 👉👈🥺
gm data lovers and lens earnooors 💰 Thanks for all the positive reactions on my last post. Since then, @cryptoneur.lens and I much improved our queries regarding revenue analytics on @lensprotocol: ✨Track more tokens: WMATIC, USDC, WETH, NCT ✨Convert & accumulate total accrued USD value ✨Show associated Lens handles with @lenster.lens links ✨Faster execution (< 30 min for the full Lens history) Check out our new dashboard on Dune: https://dune.com/zoma/lens-revenue Follow & Mirror if you want to see us building a frontend around Lens revenue analytics 🚀🚀
congrats to the top earners on @lensprotocol in the last 30 days 🤑 @wavwrld.lens (1,724 MATIC) @lensapi.lens (1,372 MATIC) @letsraave.lens (663 MATIC)
congrats to the top earners on @lensprotocol in the last 30 days 🤑 @wavwrld.lens (1,724 MATIC) @lensapi.lens (1,372 MATIC) @letsraave.lens (663 MATIC)
We should make Lens our default Social Network. We all know how hard it is to bootstrap social networks! 👀
congrats to the top earners on @lensprotocol in the last 30 days 🤑 @wavwrld.lens (1,724 MATIC) @lensapi.lens (1,372 MATIC) @letsraave.lens (663 MATIC)
What an incredible weekend! Thank you to all the hackers, volunteers, mentors, sponsors, and organizers who made #ETHBerlin a great success!
Thanks to the amazing team that made #ETHBerlin possible 🙏 Too sad that it’s over already 🥲 It was 🔥
Submitted for #ETHBerlin 🔥 Proud what my team has achieved in the past 1.5 days. Good luck to all the projects 🙌 @atris.lens
Recording that pitch 🎙️ 30 min to go 🏃‍♀️ #ETHBerlin
Sun has set at a wonderful event. Let’s fucking code one last night 👨🏻‍💻 #ETHBerlin
had a great chat with @zannis.lens who is developing the api that makes @lensprotocol & @lenster.lens so great 🪴 they have so much awesome stuff in the works 🙊🙉🙈
gm ☀️ Second day of #ETHBerlin What are you hacking?
easy task https://open.spotify.com/playlist/6Cc7Q06ABjUisicx9Omorj?si=0e5854efa6c440a7