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0/ I'm often asked: how do you keep up with DeFi when it moves so fast?
My response: if you focus on learning a handful of core concepts, you'll be 80% there with 20% of the effort.
π§΅The first 5 concepts you should learn in DeFi π§΅
Ken Deeter (puntium.eth) π¦π
4,215 posts
Ken Deeter (puntium.eth) π¦π
@puntium
- We are at peak ignorance of crypto. Inspired by a question I was asked recently, I drew this picture. It's my mental model comparing how crypto progresses through time to how people outside of crypto perceive that progress: The green line is our cumulative progress as we
- 0/ Many successful heists in DeFi and Web3 have nothing to do with bugs in the code. If you want to be safe, you need to understand all the ways in which a protocol can be attacked. π§΅Here are 9 attack patterns in DeFi that everyone should know
- I did some more math. ETH has better economic SoV properties that gold. Annual net supply increase is way lower (0.05% vs 1.34%) Annual % consumed is higher (0.63% vs 0.16%) ETH is already better than gold. The people just need to know.
- 0/ Staying engaged during a DeFi bear market just takes a little perspective. Here's the chart I have in my head that keeps me optimistic. 𧡠Let me explain what it means:
- If ETH becomes a digital store of value, it could reach 2T-20T like silver or gold. If ETH becomes oil, it could reach 4T like oil reserves held today. If ETH becomes money, it could reach 20T like USD M1 supply. If ETH becomes all these things at once, then who knows.
- Trends in DeFi I'm paying attention to: 1) Convergence of lending markets: @aave, @MorphoLabs, @SiloFinance, @eulerfinance, @kamino, Fraxlend, etc. Feature sets are converging. Looping is everywhere. Going forward its about use cases, partnerships, and ecosystems. 2)
- Bitcoin will eventually be an erc20 on ethereumWhatβs your unpopular crypto opinion?
- 0/ If you want to know where DeFi is going, look to the pioneers and trailblazers. π§΅Here are 7 π€― protocols that are building out the future of DeFi.
- 2024 crypto narratives: - onchain points - point staking - liquid point derivatives - pointfi - real world points - non fungible points - point availability layers - miner extractable points
- 0/ Learning DeFi? @CurveFinance is one of the most important protocols to understand. It tops the TVL charts and is so central that protocols are engaging in βCurve Warsβ to control it. π§΅Β A breakdown of Curve Wars and a peek into the future of tokenomics battles π§΅
- People talking like Ethereum died or something but really not sure what they're freaked out about. Since the cycle bottom, Eth has picked up ~50B in TVL which is three entire Solanas of TVL and 14 Bases. Ethereum also dominates in stablecoin issuance. Yes maybe the EF can
- 0/ @ElectricCapital just raised $1B, and we have the exciting opportunity to support many more projects across Web3 and crypto. π§΅Here are five ideas in the DeFi space that we're particularly excited to support π
- 0/ The Curve Wars are not just about piling up veCRV and maximizing CRV yields. The meta-game is an epic battle for stablecoin liquidity. π§΅Β Here are the 4 core ideas you need to understand this one-of-a-kind DeFi phenomenon π§΅
