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explained #49

Explained by Mercuryo #49

Posted byVyacheslav Akhmetov January 26, 2022February 3, 2022

The 49th edition of our curated newsletter.

In today’s newsletter we look at:

    • Deep Sea of DAOs
    • Curve Wars Magic
    • The Stateless Clients Concept
    • Life After Liquidity Mining
    • Hyperstructures

DeepDAO 2022 

Discovery Engine for DAOs and People

In 2021, the number of DAOs grew by a hundredfold, their native tokens soared, and many people joined the governance movement. DeepDAO is dedicated to systemising the emerging ecosystem and making navigation in the DAO space easier. The platform creates listings and rankings and analyses DAOs from all platforms and chains.


Over 4000 DAOs and 1.6 million people are already aggregated and analysed on DeepDAO’s discovery engine. In their recent post, the project announced its new features and plans for 2022. 

For the Love of Curve

Curve Unpacked: Introduction

The first decentralised exchanges were P2P order books that required a lot of gas to function. The liquidity issues were also interfering with the work of smart contracts. Although centralised markets improved by allowing anyone to add an order matching engine as a server, they still relied on price feeds and other off-chain components.


Eventually, AMMs or Automated Market Makers emerged. These tools allowed users to automatically trade any asset along a price curve without involving order books or oracles. They required low interaction and were relatively cheap. And that’s when curve finance started rising.

Stateless Clients

The Concept Behind

Ethereum and scalability go hand-in-hand with each other. Experiments with scalable solutions are aimed at finding the highest transaction throughput without compromising the blockchain trilemma. Some think this keeps on happening because the high demand for the layer1 network creates a bottleneck for both the finality and gas fees.
Although layer2 solutions are already working on the issue, layer1 also has a few tricks up the sleeve. Sharding, rollups, and stateless clients can increase the network’s overall health. This article is focused on one of these solutions.

Liquidity Mining Is Dead

What Comes Next?

Liquidity mining refers to the practice of a protocol incentivising user deposits with token rewards. It used to be the trendiest trend in 2020, but according to CoinDesk, liquidity mining is currently dead. At the moment, various crypto projects are trying to figure out the best way to replace it.

 

New services such as bonds, time-weighted voting systems and DAO-to-DAO-focused stablecoin issuers have emerged – a broad range of advancements with the potential to alter how DeFi protocols attract fresh deposits permanently.

Basis of the Internet

Hyperstructures

Blockchains have led to a new type of infrastructure called hyperstructures. They take the form of protocols that run on blockchains. Unstoppable, free, valuable, expansive, permissionless, credibly neutral protocols with positive-sum can be considered a hyperstructure.

 

Curious yet? 

 

Jacob.eth published an in-depth essay on Hyperstructures, explaining what they are, how they work and why they will be the basis of the internet for the next decades to come. 

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Something You Could Have Missed

  • Transaction Descriptors in a Nutshell
  • Mercuryo and Doppelgangers: Be Aware, Stay Aware

This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.

Posted byVyacheslav AkhmetovJanuary 26, 2022February 3, 2022Posted inNewsletter

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