Moody 💭
1.1K posts
@TraderNoah @claudedonze Use ekubo.org with 0x selected and we do the approve + swap in a single transaction plus you'll get a better price
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Went through an otc desk instead. Not sure there's a reason to have assets on ETH L1 at this point.
Noah@TraderNoah
Tried to use Uniswap on ETH L1 for the first time in a couple years. I think I might prefer chewing glass to this.
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Paying $3m a year (4x the Ekubo Inc budget) when you could just use Ekubo's free, manipulation resistant, open source and decentralized on chain oracles 🤦🏽♂️
How does something like this happen?
#readContract" target="_blank" rel="nofollow noopener">etherscan.io/address/0xFE0A…
Spearmint@0xSpearmint
Chaos Labs gets paid $3M/year by the Aave DAO. Their website literally says their job is to "Mitigate oracle manipulation and price risk". Their Edge Risk oracle pushed an incorrect update that underpriced wstETH by ~2.85%, triggering $27M in liquidations across users with healthy positions. So the DAO pays Chaos Labs to prevent oracle issues and now the DAO has to cover the losses caused by their oracle. It’s insane to me that a proprietary, closed source, off-chain system has the ability to push price updates to the largest “DeFi” protocol.
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Switched from MetaMask/Rainbow a couple months ago and haven't looked back. Good wallet
ambire.eth@ambire
LP in a single transaction 🔥 LPing went from a 3-step chore to a single batched transaction. Try it with Ambire & @EkuboProtocol Safer. Faster. DeFi done right.
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@SuriPuri23 Every swap must be submitted with a compatible signature, which would be generated by the aggregator or solver
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@sendmoodz so like a mix of prop amms and dynamic fees amm. interesting. how are the off chain updates handled to keep the onchain strategy up-to-date??
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What if you could control the amount of fees a pool collects on a per-swap basis using external factors? That's what our exclusive swap extension enables.
Aggregators/solvers could deploy controlled pools to undercut other liquidity venues and provide best pricing while maximizing fees for LPs.
Seeking feedback on our prototype here: github.com/EkuboProtocol/…
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@SuriPuri23 Dynamic but determined off-chain so you can use proprietary models for pricing and still have efficient on-chain execution
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@sendmoodz so like a dynamic fee amm? how do you make sure you dont get picked off by toxic order flow on a per-swap basis?
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Moody 💭 retweetledi
Already on the @RobinhoodApp chain testnet
Here's a swap on @EkuboProtocol of ETH to NFLX: explorer.testnet.chain.robinhood.com/tx/0x726c2d79b…
You can play with it on ekubo.org in testnet mode
Brother Akash 🥷@akashneelesh
@sendmoodz Ekubo on robinhood soon right ? 👀
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@0xsunny_diaz I was working on this for a while but I'm still trying to figure out the product side. github.com/EkuboProtocol/…
One thing we can recently do is onchain pool-2 incentives. It could be more efficient than adding liquidity directly to the pool with the sale proceeds.
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Mechanism is also bad, it didn't sell all the tokens and yet my order at at the floor was only 60% filled. How does that make sense?
TWAMM is the best mechanism for a token sale, full stop. Starting work on our own Auctions product.
PEPO@0xPEPO
Market is bad, but marketing is badder Build it and they will come
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From idea to audited, in production and used for Liquity PIL in about 3 weeks. Also it has zero gas overhead for stableswaps, unique to our V3. And it's open source.
What protocol feature should we ship next month? Auctions? Drome-style economics?
Ekubo@EkuboProtocol
Introducing BoostedFees a new extension that enables: 1) Anyone to deploy incentives to a specific pool through one simple on-chain transaction. 2) Liquidity providers to receive a boost to their generated swap fees. As opposed to our current incentives algorithm which tries to balance liquidity around the current price this extension rewards only active liquidity providers which can result in higher total in-range liquidity for a pool.
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Timing the market is impossible. Instead, use @EkuboProtocol DCA orders. There's now a DCA order to sell 500 ETH, so you can place a DCA buy and receive a price better than the average over the period.
ekubo.org/evm/dca?chainI…
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@ericzhong Do tell. Is it that the issuer will not want to sell the tokens at a low price and anchor at a low FDV?
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@sendmoodz agree that a very high floor will negatively impact the auction
CCA is well equipped to support auctions starting at zero but there are other things you need to consider when going from auction theory to reality
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@ericzhong I meant the same thing you did, running out of bids does not necessarily mean the auction ends. I presumed the tokens sell at a fixed rate over the period and so all the bids can be filled in early epochs
What do you think about how the floor price affects the price discovery?
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@sendmoodz yea def agree on percent being easier to read
I read your point as the auction would end after a few hours given the current committed USDC which is incorrect
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@ericzhong I see now that the auction supply is 5M RNBW, not 5M USDC, that obviously changes it by an order of magnitude. It would be nice to have a percentage of supply on the UI.
What is the difference between running out of bids and selling fewer tokens? I think we mean the same thing
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@sendmoodz so to clarify some points:
only $500k is needed at the floor price, they are selling 0.5% of the total supply
the auction does not "run out" of bids, it simply sells less tokens over its predetermined duration
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