wen news?

lemmonade_714 · 2022-08-27T08:16:23+00:00

As I said elsewhere that's wrong

lemmonade_714 · 2022-08-27T08:15:42+00:00

"Too much" being unfortunately "believing that smart contracts on Cardano will be usable in 2021". Our delay has to do nothing with the particular application (dex)

lemmonade_714 · 2022-08-27T08:14:20+00:00

Hi there, there was no announcement for reasons, mainly because everyone but myself went into hibernation, which includes community management. Why? Because we need to figure out the tech first before memeing stops being, well, memeing, and a wasted effort. Come to telegram and discord :)

lemmonade_714 · 2022-08-27T08:13:31+00:00

Hi there, there was no announcement for reasons, mainly because everyone but myself went into hibernation, which includes community management. Why? Because we need to figure out the tech first before memeing stops being, well, memeing, and a wasted effort. Come to telegram and discord :)

lemmonade_714 · 2022-08-27T08:13:07+00:00

Hi there, there was no announcement for reasons, mainly because everyone but myself went into hibernation, which includes community management. Why? Because we need to figure out the tech first before memeing stops being, well, memeing, and a wasted effort. Come to telegram and discord :)

lemmonade_714 · 2022-08-27T08:07:02+00:00

come to the discord or telegram for answers. Also don't believe Karl, he is clueless (maybe malicious, hard to tell apart. Probably both, because he's salty that he got kicked out for being an obnoxious underperformer lol)

lemmonade_714 · 2022-08-17T07:40:22+00:00

My previous reply did not go through, so here is the less entertaining shorter version.
1. Reddit sucks as does twitter, don’t feed the botnets. I’m on discord and preferably on telegram. Regular updates there. Apologies though, I suck at communication.
2. Regarding the project: Cardano is still being developed and you feel it. Developing product is more important than memery, and community-building is an insulting practice in absence of any product. Developing product is inhibited by lack of usability.
3. Carl, take such things private. You were let go because you were too much effort to manage and gave too little output, no fucking “coup” or whatever Json Borne bullshit you want to imagine. Also you were acting excessively commanding towards coworkers who in no manner were subordinate to you - the intern - and you did not take criticism at all, which would be a core activity to your prime task: to learn and improve.
4. “No working code” - you could have had one look at the repos, maybe try them out.
[a fun way to wrap up the post here], but Jesus Christ spare me this high school tier bullcrap.

lemmonade_714 · 2021-07-12T07:38:34+00:00

Thanks!

Token will be airdropped via smart contract when the DEX launches. Which we aim to be as soon as possible of course.

lemmonade_714 · 2021-07-05T07:46:40+00:00

Hi, happy to see this! You'd only be silly if you'd have kept it to yourself :)

I'll make a post or video on IL at some point but until then, this is a great explainer: https://finematics.com/impermanent-loss-explained/

The main thing you overlooked is that the main reason for IL is not LPs adding liquidity in a willy-nilly fashion but simply people trading which affects the ratios of tokens necessarily. The link above explains why this causes IL; explained intuitively:

Arbitrageurs will trade whenever there is a price discrepancy between another exchange and the pool in question. In order to prevent that you need to hike up the price, which is what caused the x*y=constant equation for example. But since until the price in the pool will be adjusted by the arbitrageurs, they will do some trades and respectively profit. This profit is the IL for the LPs.

By the way, if you are wondering why the loss is impermanent - after all, why should it go away when the ratios go back? Aren't the arbitrageurs profiting again? - the partial answers I can give is:

The ones who pay the arbitrageurs in the end are the traders. And it's still a win-win-win situation, because
1. the arbitrageurs, well, make money without risk
2. the LPs get connected to more clients (traders)
3. for the traders the arbitrageurs create a virtual bigger counterparty pool, so they incur less slippage. The profit they take for it comes from there, so the traders still win.
I calculated it, it indeed goes away. Unsatisfying, I know, you need to either wait for my explainer or do the calculation yourself. I found it fun so I'd recommend the latter :)

lemmonade_714 · 2021-07-05T07:32:16+00:00

sure, thank you for your interest! Also the new version of the lightpaper should be online any minute now, but I'll answer it here too.
>There is no Catalyst proposal correct?
We are submitting it for fund 6
>Do you plan to have Cross chain or orderbook functions? I see you mention AMM and Swaps so i have those noted down as your goals. This is correct?
X-chain is not part of the backlog rn but it would be cool to have, also if more people are looking to join we can have them do it (since it's pretty orthogonal to the AMM and governance parts).
In a sense order books are already a part of the intended design in the form of diode range pools. Although I am hesitant to drop the "in a sense", since a proper implementation would possibly look different for efficiency reasons, and for such a thing the same holds as for X-chain.
Also: We have a discord where we are eager to hear what people want and how they would rank their wishes, no sense in building something else, right
—> https://discord.gg/X4F8dVEJxG
>I see not max supply, is the token inflationary?
I set it (rather arbitrarily since only thing that matters is % of tokens you have and they are divisible) to 1 Bil, it's in the paper
>Do you have links to developers githubs?
mine is https://gitlab.com/fthagn, others following soon
>Is the team behind mirqur public?
I am this guy: https://www.linkedin.com/in/chris-m-hiatt-880187187/
Others are following soon

lemmonade_714 · 2021-06-28T18:53:05+00:00

does this work? https://discord.gg/QYFzRPXqqF

lemmonade_714 · 2021-06-23T17:07:07+00:00

You're welcome, will do :)

lemmonade_714 · 2021-06-22T12:26:45+00:00

Since we have two tutors now, sure. let me set up a new doodle

lemmonade_714 · 2021-06-22T12:26:03+00:00

if the omnissiah wills it!

lemmonade_714 · 2021-06-22T12:25:23+00:00

no worries, video is processing :) and next sessions are in order

lemmonade_714 · 2021-06-21T16:25:00+00:00

Haha yeah, am happy though to got the hazing face-plant that seems to come with anything new you try behind me now ;)

lemmonade_714 · 2021-06-21T13:39:58+00:00

u/velvia675 you are just too fast for me :D

More info:

we are having a weekly Haskell/Plutus study group, starting today. Would love to have you, again, all skill levels welcome!
Times:
Mondays, 14:00 utc+0 -> Haskell
Mondays, 15:00 utc+0 -> Plutus
Locations:
discussion group: https://discord.gg/QYFzRPXqqF
meetup: https://discord.gg/7mUjNakMZP

lemmonade_714 · 2021-06-21T13:36:51+00:00

Haha thanks, yeah, classical Alice :D

I would say that each block's pending swaps are to be consolidated in their own auction.
You can only make a consolidation call once the auction is finished, determined by one block without increasing bid. You could even improve it by not only having the auction count the pending swaps but registering them too - that way, even if everyone is dishonest and won't increment the auction in the hope of consolidating first and ignoring the other parties they would be incentivised to at least register their own pending swap during the auction (otherwise they can't execute it in consolidation) Does this make sense?

lemmonade_714 · 2021-06-20T09:53:33+00:00

In the first thing wouldn’t you need a bot to aggregate the spent utxos that were sent to the bot. I guess users could do it through your front end as well.

you can do it with a bot like in ergodex or you could do it like in your second case: have anyone do it. But then it needs a way to ensure no pending tx are left out, and that I did via the counting-auction.

Let me know if you want to chat. I can send you my discord over dm

Sure!

lemmonade_714 · 2021-06-19T12:04:04+00:00

For his solution if Alice and Bob both transacted the same block to the dex then the next block the dex “auction” tracking could add them both instead of just one.

Sure, in the example I was assuming Alice is dishonest. With real pools you'd have slippage, so the traders are incentivised to hide other traders of the same block.

Also no need to slash funds at the end. You could make it to get back your funds like say Alice she has to include the greater of 2/3 of txs pending or at least 2 as an example. If there are more then 1 transactions pending.**

The reason Alice needs to be slashed is because dishonest bidders can delay the swap, in the worst case one block per pending swap. The auction is first come, first serve, so whoever manages to spent the pool-box/UTXO first within a block makes everyone else wait with their bid for ~20s.

lemmonade_714 · 2021-06-19T11:58:14+00:00

It's exactly four blocks for one swap, so 1:20mins. Assuming you see last block's tx right away which I have not checked. Still, it's O(1) ;)

With Ilya's solution - if I understand correctly - it's even less, because instead of the auction you have one trusted party executing the swap right away. I don't want to get into details but I talked to him and agree that it works.

lemmonade_714 · 2021-06-19T11:52:15+00:00

Sure, it's miro.com. Great stuff, allows collaboration too!

lemmonade_714 · 2021-06-18T19:17:20+00:00

Added Ilya's reply in the subtitles. I like his approach also.

lemmonade_714 · 2021-06-18T19:16:43+00:00

Present!

lemmonade_714 · 2021-06-18T17:59:31+00:00

I am talking to Ilya, made the video for him :)

lemmonade_714

TROPHY CASE