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Will Harborne is the founder of DeversiFi — formerly known as Ethfinex. DeversiFi is a Layer 2 DeFi platform and exchange built using Starkware. He is also the founder of Nectar, a DAO managing 17,000 ETH.
Take one step closer sovereignty every single week, join the DeFi Slate community below:Listen on YouTube | iTunes | R.S.S. FeedDeFi Slate Fam,It seems like we’ve been talking about scaling Ethereum & high gas fees for awhile now eh?L2 this, zkRollup that…StarkWare here ‘n there.The good news? These guys Ben & Ross understand the L2 landscape better than most & shared a helluva lot of great info with us on this episode.The bad news? We only did 40 mins of recording…feel like we could’ve gone on for hours!In this episode we dive into what DeversiFi is, how L2 scaling is happening right now, StarkWare, where the major fundamental changes are taking place in the space currently & much, much more!Grab your popcorn & enjoy y’all 🤠-Andy🎙DeFi by Design EP. #10: L2 DEX Scaling with Ben & Ross From DeversiFiIn case you missed this week’s Tap In Tuesday guest post from DeversiFi:Guest Post: Ben Wilson, Marketing at DeversiFi.I’m head of communications and marketing at DeversiFi | Nectar. I’ve been with the core team since most of us were working at Ethfinex (from 2017) where we developed novel DeFi technologies including hybrid DEX architecture, token utilities a la liquidity mining, distributed governance and many other cool things. Before this, I founded a start-up called IDEZY which sought to create the world’s first digital proof of age mobile app, disrupting an age-old (pun intended) industry. Outside of crypto, I am a big fan of traveling and have an attachment to either eastern bloc countries or tropical hideaways –– polar opposites, right. What is DeversiFi?DeversiFi is a self-custodial trading ecosystem built with serious traders in mind. By serious traders, we mean those who trade for profit and trade frequently, e.g. algorithmic, arbitrage, quant or day traders. From research, we learned that these traders are interested in DeFi technologies for the increased security and control (among other benefits) but fundamentally won’t move over from their existing venues unless they get the same level of experience on key operational must-haves — liquidity, privacy, speed, low-fees, advanced order types, etc. DeversiFi offers CEX-like trading capabilities within their DEX.That philosophy went into building the DeversiFi ecosystem and we’re on a mission to provide this experience along with the additional benefits that make moving over attractive –– such as withdrawal-time-certainty, insured and publicly audited contracts, as well as the unique benefits that come from the ecosystem’s native Nectar token (fee discounts, governance, rewards and much more). In a nutshell, the DeversiFi | Nectar protocol is a Layer 2 exchange ecosystem, designed to empower both professional and retail traders in a sacrifice-free way while offering unique advantages through self-custody and the Nectar token. DeversiFi | Nectar will soon launch an extended and detailed public roadmap that will delineate our plans for the coming year. What is StarkWare?StarkWare is the Layer 2 scaling partner of DeversiFi. StarkWare is led by perhaps the worlds’ only experts in Stark-based scaling technology and have support and recognition from various key brands in the industry. As aforementioned, DeversiFi is targeting professional traders who, among other things, require an exchange to be fast, private and low-cost. Building on Layer 1 makes offering these key points impossible. While we were able to solve liquidity issues on version 1.0 (by bridging liquidity) we were unable to offer the rest. With this in mind, we joined forces with the StarkWare team to incorporate their technology with the goal of scaling DeversiFi on Etheruem L2, dramatically reducing cost, and increasing speed. There are currently various L2 options in existence, all of which offer a slightly different set of advantages, Loopring’s SNARK-based exchange being a prime example. But there are 2 leading reasons why we chose StarkWare’s Validium approach –– privacy and speed. Many L2 technologies effectively solve key Ethereum issues such as speed and gas-costs but they don’t strictly offer the privacy element. And without privacy, people can view the transaction history of any given trader. While we agree with the openness and transparency of DeFi, most professional traders won’t trade on venues where their trades can be monitored, and their strategies reverse engineered or intercepted. The next point is speed. Using Validium, DeversiFi is theoretically able to handle 9,000+ transactions per second (more than VISA). This, admittedly, isn’t super important as we’ve yet to reach the demand (we’re still growing and while the space as a whole is still growing) but this speed superiority certainly leaves the road wide open for growth in throughput to be unhindered. L1 vs. L2 ScalingThe great thing about Ethereum is that it’s permissionless and open to everyone. There is no benevolent or evil gatekeeper. If you have the will, you can build on Ethereum and deliver products that your community wants to use. This makes ideology somewhat redundant, and I think that’s a great thing. That said, there are some obvious values that sit at the heart of the wider blockchain/ethereum movement and those are decentralisation (empowering groups to coordinate and collaborate at scale), and unstoppability/censorship resistance (the inability to arbitrarily deny services or access to people for any reason). The CEO of DeversiFi and founder of Nectar, Will Harborne, illustrates the scaling potential of decentralisation (through DAOs) quite well in his talk at DAOfest. In short, truly distributed groups have traditionally been limited to approximately 5,000 members or usually much less (similar to what many researchers have identfiied as the maximum number of people workable in direct democracy). This was the case with the NYSE which began as a collective of traders (we would call it a DAO today) and grew to a hard cap of 1366. The blockchain allows groups like this to surpass these low caps and become scalable, autonomous organisations, enhanced by unstoppable smart-contracts and secured by the blockchain. That is part of the vision at necDAO & DeversiFi. Since inception, Ethereum has moved at ridiculous pace. It’s like, every year there is a new innovative movement: DAOs, Defi Protocols, Yield Farming, Social Tokens, all sorts of ways to democratise value and information. It’s pretty easy to see how this is going to be a significant part of the future.“Most of it has been built on L1 and L2 is actually very new thoughI see L2 as being a temporary solution to Ethereum until we have ETH 2.0 live and operational at which point I imagine most L2 dapps will move over”ConclusionIn sum, we believe there is large influx of professional traders waiting to adopt decentralised finance in a way that works for them. Simply put, self-custody advantages and protection against (fear of) hacks isn’t enough, especially as CEX become more sophisticated in dealing with such events. For DeFi exchanges to attract these users, they need to:a) offer the same experience (without sacrifice), b) offer additional advantages and c) be operational for a long enough time to become trusted and credible. Changing behaviour takes time and patience, along with lots of hours building, researching and ensuring you are offering a product that people want. As a team, we have been building DeFi for almost 4 years now, surviving the crypto winter, and can boast pioneering the earliest liquidity mining token (Nectar) as well as the first hybrid DEX (Ethfinex Trustless) to solve the old liquidity problem (by bridging orderbooks using 0x). We’ve been around a while and have an exciting roadmap of features and plans ahead. We’d love to have you with us! 🗣Join the DeversiFi Discord now!✅Follow the team on Twitter!📈Make your first trade on their website!🔥Head over to their Dapp to make your account!🚀Look at the Nectar token on CoinGecko!📈 Shoutout To Our Partner: MCDEX— trade the first ever decentralized ETH & LINK perp swap contracts on MCDEX.🙏 New To Yield Farming? Use Akropolis to lend, borrow, and dollar-cost-average in the simplest way possible with their new Delphi mainnet launch!👨🏽🌾Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge. FARMING OPPORTUNITY: Deposit LINK tokens into Aave to get aLINK, then head over to Yearn to put your aLINK into the yaLINK vault for extra yield (20%+ APY currently). It all starts here with Aave!Liked this episode? Share with a friend :)Subscribe to the DeFi Slate Newsletter & join thousands of other crypto enthusiasts:🌐Check Us Out On Twitter!🚀Join the community on Discord to get our freeV.1. yield farming guide!🎤Subscribe to our YouTube channel!Check out some previous interviews:DeFi Slate x Nate Hindman: AMMs & Bancor V2DeFi Slate x Jeff Jihoz: Web 3.0 Gaming Axie InfinityDeFi Slate x Nick Fett: Oracles, Tellor, and the future of DeFiLast week in review:Master It Monday: Using Dune Analytics To Identify TrendsTap In Tuesday: NFTs ExplainedThursday: DeFi By Design EP #8: Community, Governace & SustainabilityFull Send Friday: Week In ReviewRecent tweets: Get on the email list at defislate.substack.com
"And I think only a decentralized organization will be able to grow the largest exchange." Happy 2020! The year has begun very early for DAOcast! And to kick things off, we received Will Harborne, founder of DeversiFi and one of the initiators of necDAO. Will 2020 be the year of the DAO? We are about to find out, as we have explored in this episode. Moreover, we had the chance to go over the intricacies DeversiFi and NecDAO, including: - A bit on the back story of DeversiFi and its origins with Ethfinex; - Examples of previous experiments in decentralised technology; - The why behind NecDAO, it’s purpose, what it is constitutionally designed to achieve and how much funds it will launch with. - As well as where these funds came from and how NecDAO will work, diving into the technicalities. So, overall, the conversation was a good start to this year's work, opening up opportunities for the larger community to engage with another resourceful DAO. Tune in for the Nectar and if you have any questions, let Will know. This interview was recorded on January 6th, 2020. Please take that into consideration when listening to it.
This week, we chat with Will Harborne (https://twitter.com/will_harborne), co-founder of Ethfinex (https://trustless.ethfinex.com/) and previously at Bitfinex, about the path from traditional exchanges, to centralised crypto exchanges and more recently DEXs. We explore what the role of the DEXs really is and what we could imagine seeing in the future of the space. Some links and articles mentioned: * Ethfinex (https://trustless.ethfinex.com/) * Phil Daian's Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges (https://arxiv.org/abs/1904.05234) If you like what we do: Follow us on Twitter - @zeroknowledgefm (https://twitter.com/zeroknowledgefm) Join us on Telegram (https://t.me/joinchat/B_81tQ57-ThZg8yOSx5gjA) Support our Gitcoin Grant (https://gitcoin.co/grants/38/zero-knowledge-podcast) Support us on the ZKPatreon (https://www.patreon.com/zeroknowledge) Or directly here: ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ
By definition, margin lending is not fully collateralized. Some sort of mechanism is necessary to ensure that lenders receive their full principal, with interest, even under unforeseen circumstances. In crypto, one way to handle this is with tokens. So, what would that look like? Why are some margin lending protocols proposing a kind of ‘insurance fund’ to safeguard lender capital in the case of a black swan event? Tom and Kyle discuss how margin liquidations work on the network and how bZx incentivizes liquidators. Tom offers insight around the startup’s new Fulcrum product and how it improves the user experience, and Kyle describes the product roadmap moving forward, most notably bZx’s new integrations with Augur and ETHFINEX. Listen in to understand why bZx is sticking with the token model for monetization and otherwise keeping the platform open and rent-free—and learn about the protocol’s first big governance proposal for token holders.
#CryptoCorner: HK Blockchain Fund Plans Japanese Yen Stablecoin, #Bitfinex Launches Privacy Focused Ethfinex and Saudi Arabian Bank Joins #Ripple Network
#CryptoCorner: HK Blockchain Fund Plans Japanese Yen Stablecoin, #Bitfinex Launches Privacy Focused Ethfinex and Saudi Arabian Bank Joins #Ripple Network
#CryptoCorner: HK Blockchain Fund Plans Japanese Yen Stablecoin, #Bitfinex Launches Privacy Focused Ethfinex and Saudi Arabian Bank Joins #Ripple Network
BWe’re starting to make progress toward the “one line that rules them all” – the monster trend line that needs to break in order to be back in a “bull” market. Today we’re talking about Tether’s new relationship with Ethereum, Bittrex listings and what they mean for investing, Swiss regulators and why it matters for global policy and secondary market opportunities as it relates to crypto. Links: Tether Issues ETH: https://cointelegraph.com/news/tether-creates-over-146-mln-new-eur-usd-tokens-based-on-ethereum-blockchain Tether Etherscan Address: https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7 EthFinex: https://www.ethfinex.com/howitworks Swiss Securities: https://www.coindesk.com/switzerland-will-treat-some-icos-as-securities-finance-regulator-says/ Official Press Release: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/ Ethereum Game Dev Makes $500K USD: https://medium.com/@skirmantas.januskas/ethereum-game-developer-makes-over-500-000-in-1-day-84178d5e5fc3 Free Course – How To Buy Your First $100 The post Here’s When Crypto Goes Bullish – Bittrex Listings, Tether Ethereum, Regulatory Moves – Ep 146 appeared first on Coin Mastery - How To Trade Crypto.
Ledger Cast — Crypto, Bitcoin, Trading, and the Blockchain Ecosystem
Welcome to Ledger Cast, hosted by me, Brian Krogsgard (@ledgerstatus on twitter), and Josh Olszewicz (@carpenoctom). Ledger Cast is a cryptocurrency trading and blockchain ecosystem podcast. You can subscribe to new episodes of Ledger Cast on iTunes, on Google Play, on Stitcher, on YouTube and via RSS. The information in this podcast should not be construed as investment advice, it is purely educational material and you should always do your own research before buying. In this episode of Ledger Cast, Josh and I discuss the news of the week as well as concepts behind trend analysis. You can also watch via screencast, and see the charts and other information as we look at them. https://youtu.be/uSxHvpVIKow News and topics of the week Bitfinex adds 7 coins to their platform (2:00) Ethfinex and other decentralized exchanges (6:00) Ethfinex founder on the ICO Alert podcast Stripe ending bitcoin support (12:00) Blockstream Lightning Charge (16:30) 50 Cent is crypto rich (24:00) Weiss ratings for crypto (25:00) Conspiracy theory on CME closing and shorting bitcoin (28:00) Josh's article on fundamentals (30:00) Primary topic (32:00) Technical topic and analysis: trend identification and mean reversion How Josh and I use to identify trends, the tools we use, patterns we look at, and more. The idea of mean reversion (back to various moving averages) Other links Josh's trading tips and tricks (this is ridiculously good) Brian is working on creating learning materials for traders: fill this out if interested. Ask us a question Every episode, we'll try to answer one or two audience questions. If you ever have one, just tweet at us or fill out the contact form. Find Josh and Brian elsewhere Josh's articles on Brave New Coin (must read material) Josh's YouTube channel (His Ichimoku series and Indicator series are especially great) Josh on Twitter @carpenoctom Brian on Twitter @ledgerstatus Interested in sponsoring? We'd love to talk to interested parties about sponsorship opportunities. We are open to suggestions, but are not seeking deals that include promos for ICOs, etc. But if you do something interesting in the space and want to chat, contact us. Music: "Oh, the chains" by Joel Madison Blount
We’re watching Bitcoin at a critical moment on the charts – will it bounce or will it break down? Meanwhile Ethereum has been very bullish based on the recent token usage through exchanges and transaction volume. We’ll also discuss verifying FUD as it relates to MyEtherWallet, Jamie Dimon’s latest retraction + what it means for you and a few words about ICOs. Links: KuCoin: http://www.coinmastery.com/kucoin Jamie Dimon Regrets: https://www.cnbc.com/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html MEW Twitter: https://twitter.com/myetherwallet Ethfinex: https://www.bitfinex.com/ethfinex Free Course – How To Buy Your First $100 Of Bitcoin: http://www.coinmastery.com/bitcoin Get your free PDF here: http://www.coinmastery.com/invest Subscribe to the Podcast: http://www.coinmastery.com/itunes Subscribe on Android: The post Jamie Dimon Loves Bitcoin – ETH Moving Up, ETC, Token Exchanges, Preparing For A BTC Run – Ep120 appeared first on Coin Mastery - How To Trade Crypto.
Subscribe for more updates! Get information on the CoinMastery Syndicate here: http://www.coinmastery.com/syndicate Today we are talking about BTC prices, altcoins, Ethfinex and the future of exchanges and pre-sale token sales/syndicates. See you Monday! Get your free PDF here: http://www.coinmastery.com/invest Subscribe to the Podcast: http://www.coinmastery.com/itunes Follow me on Twitter: https://www.twitter.com/carterthomas Like us on Facebook: https://www.facebook.com/coinmasteryofficial See you tomorrow! Get your free PDF here: http://www.coinmastery.com/invest Download the podcast: http://www.coinmastery.com/itunes Follow me on Twitter: https://www.twitter.com/carterthomas Like us on Facebook: https://www.facebook.com/coinmasteryofficial The post The Key To Making Huge Profits In the Next Wave Of Crypto – Bitcoin Prices, Decentralized Exchanges, Syndicates – CMTV Ep33 appeared first on Coin Mastery - How To Trade Crypto.