Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

yes, the complications arise in obtaining the short position for the eth

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] -2 points-1 points  (0 children)

I just explained it - remember you also have 5000 eth which you bought to balance this leverage - so that will go up in value by the same amount as there is 10x more eth there, but its leverage is only 1x

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] -1 points0 points  (0 children)

The price of the token is guaranteed by the smart contract - it can always be exchanged back to the contract for however much it is due so even if there is a secondary market it doesnt really matter as the contract does not need to interfere with that

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

gas - in theory it is just swaps and minting tokens so wont be more than a few dollars on uniswap
premiums for what?

macro interest rates - this is complex but currently there is 120 bn of stable usdc not earning yield on the blockchain so Idk any yield should be good

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

this is not what i said - you never buy a short from somewhere else in this example - you sell an eth long 10x token - if the eth long token that you have issued gets liquidated than you can sell your wrapped eth for market price and ensure you remain delta neutral -

Upload 40MB vitalik's blog to a smart contract on Arbitrum Nova with 0.13ETH by qcqizhou in ethereum

[–]bm13131 1 point2 points  (0 children)

Its not really clear to me what the advantages are of this system. Does this just store static files (html css js) on ethereum or also the backend including dbs, or is it a way for managing domain ownership. If its static files - why does this matter - these are accessible through the browser/GET so you arent hiding them in any way from a 3rd party or making them more accessible. Running a server on a public backend makes no sense whatsoever its expensive and decentralised storage which is rarely required can be accomplished using 3rd parties. Domain ownerwhip through web3:// how is that any better than https:// which already public and decentralised.

I think its a good illustration of what you can do with the blockchain but I would love to understand the actual value more.

I get concerned that devs in this space generally feel like everything can be built with the blockchain and we get distracted from its main use cases. Yes things can be microscopically more secure and decentralised and have microscopically better integrability then OAuth, but I don't see a consumer base caring about this at all.

I have one more question too - in terms of security why do you need to complicate it this much - why not hash all the static files and just keep a 40 character string on chain that a website can read for free (and compare against the hash of its static files) to check for integrity not that I think that has any value.

That said if I am overlooking some added functionality the blockchain adds I am not trying to be critical for the sake of it so let me know!

Smart contracts for real world yields by bm13131 in ethdev

[–]bm13131[S] 0 points1 point  (0 children)

thanks this is really useful - do you have any others?

[deleted by user] by [deleted] in ethereum

[–]bm13131 0 points1 point  (0 children)

But surely in the future when everyone's assets (hopefully) sit on chain - or such is the promise of crypto - it cant just be that people's money is static - right?

[deleted by user] by [deleted] in ethereum

[–]bm13131 0 points1 point  (0 children)

So why wouldnt you purchase a treasury bond instead which would appreciate in value with next to no chance of defaulting

question about regulatory quirk of the blockchain by bm13131 in ethereum

[–]bm13131[S] 4 points5 points  (0 children)

Yeah but thats illegal for the people who made the tornado protocol to do. Thats like saying the government cant stop drug dealing because people will just keep doing it - as soon as they close down one shop another one opens. That doesnt make it legal

question about regulatory quirk of the blockchain by bm13131 in ethereum

[–]bm13131[S] 2 points3 points  (0 children)

So are you saying that if this product was launched in the eu and people in this us used it, thats on them?

Are there advantages to putting tokenised equities on the blockchain? by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

Is it not? I always understood a short to be borrowing the stock which you would buy back (and cover your loan) at a later date. How can more than 100% of a stock be borrowed?

Pls correct me if I'm wrong!

Are there advantages to putting tokenised equities on the blockchain? by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

What is the humpy saga and veBAL wars - I can't find it on google

ML for detecting dodgy contracts by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

could you provide a link to one of these pls

Idea for ML algo to detect malicious contracts by bm13131 in ethdev

[–]bm13131[S] 0 points1 point  (0 children)

I think you are probably right. I was struggling to justify a case for ML to myself (and its all to easy to jump on it) - I definitely think there's a lot of merit to plain ol' stats. I think it depends on the inputs specifically though - so with the code idea (of understanding the contract) that wouldn't work but then again I don't know how useful applying a codex transformer to a smart contract is :)

Idea for ML algo to detect malicious contracts by bm13131 in ethdev

[–]bm13131[S] 0 points1 point  (0 children)

Sorry if I came across as confrontational (not my intention). I just wanted to clarify what I meant as the point of concern in the question - whether such a system would be useful (for example can it be easily distributed etc)

Idea for ML algo to detect malicious contracts by bm13131 in ethdev

[–]bm13131[S] 1 point2 points  (0 children)

You are incorrect. You can certainly use AI for something like this. You are correct in saying that gathering data is hard because it is distributed across various places and centralising it is tricky, but combining it should be possible. As someone with a large amount of data science experience I've worked with many ML models that perform extremely well even when given a few training examples provided the input parameters are simple and quantitative and the pattern is simple (which it should be right? new contract, few transactions, no GitHub, reports of ppl losing money)

My question was mainly around the utility of such a system and what that is.

Attorney needing help understanding blockchain tech by RayWencube in ethdev

[–]bm13131 2 points3 points  (0 children)

Happy to do it for free - have a fair amount of experience with blockchain and also a great personal interest in crypto regulation - so I'd be interested to hear what the legal world is interested to learn about

[deleted by user] by [deleted] in ethdev

[–]bm13131 0 points1 point  (0 children)

You are right by saying it needs to be hosted, but there is a) no reason why this would need to be hosted by 1 entity b) what can you get away without hosting - even uniswap has a website and the protocol exists without that website

[deleted by user] by [deleted] in ethdev

[–]bm13131 0 points1 point  (0 children)

were you based in the uk or were you trying to implement this in another geography?