Daily Degen 2022 June 4 🦍📓

1/ @anon75374998 dissecting @tarunchitra's OHM paper

anon @anon75374998

This thread is basically my attempt to explain Tarun's Ohm paper. I'm going to try to make it shorter than 20 tweets. Large sections are directly plagiarized from his paper so please read it

2/ Positive cryptoe news by @JackNiewold (high DeFi TVL, BTC on ETH at an ATH, BTC halving coming in two years, etc)

Jack Niewold 🫡 @JackNiewold

Some positive crypto news, cause we really need it:

3/ @phtevenstrong on ponzinomics and the sustainability of these PVP protocols

The Calculator Guy @phtevenstrong

Real talk Ponzinomic protocols are the bread and butter of PVP DeFi. This is an unfortunate truth. They're the most profitable plays if timed correctly but earnings come at the expense of later investors. So what do we do about them? 🧵

4/ @AnthonyLeeZhang on how DeFi could potentially introduce unsecured lending

anthonyleezhang.eth @AnthonyLeeZhang

There are basically two ways to lend money in tradfi: 1. Secured: I lend $100 to you. I take something from you worth $150. If you don't pay me back, I sell your $150 thing and get my $100 back. You also have an incentive to pay me, bc you don't want to lose your $150 thing

5/ My landlord also put my security deposit in a safe money market account ($UST)

concerned parent 🌚 @acony_belle

Landlord held my security deposit as bitcoin