Nick

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Nick

Nick

@logicarbitrage

currently product @stellarorg, formerly @appdirect.

Oakland, CA เข้าร่วม Kasım 2010
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Nick
Nick@logicarbitrage·
While the rest of crypto is chasing the same 50m users, our ecosystem has built a network with reach to the rest of the world. Sooner or later everyone will realize that distribution is the only durable competitive advantage for a network and that we have a massive lead.
Andrew De'Vilbiss@DrewDeVilbiss

#Stellar $XLM A lightbulb 💡 moment at Stellar’s Meridian when a representative from Axelar spoke about how Stellar has an Edge on the Defi market because of their remittance business. Essentially, individuals in the regions that benefit from stellar aid assist and the stellar savings accounts, could be the key ingredient to increasing TVL on the network by an easy “click to earn yield” button, or click for a loan button. This type of decentralized finance could be built into the application itself, seamless and user-friendly, with educational tutorials on how to engage in defi on stellar network .

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Stellar
Stellar@StellarOrg·
We asked @AlliumLabs to look at what's actually running on the Stellar network. To analyze the data onchain, verify it, and report their findings. Here’s what they found. allium.so/reports/stella…
Stellar tweet media
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Tomer Weller
Tomer Weller@tomerweller·
Check out Stellar's MPP SDK, including full support for sessions using one-way payment channels. Feedback is appreciated 🙏 github.com/stellar-experi…
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Denelle Dixon
Denelle Dixon@DenelleDixon·
Banks that aren't scared of "open" technology are the ones winning. The openness of blockchain actually allows institutions to move faster and at a lower cost, while enabling stronger compliance and risk management. The good news: it's not too late to "go open." americanbanker.com/opinion/banks-…
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Tomer Weller
Tomer Weller@tomerweller·
People who @BuildOnStellar, you're getting free access to some of the biggest brains in onchain security. Don't miss this
Certora@Certora

Certora is offering free online office hours for @StellarOrg builders. If you’re developing on Stellar, join us to chat through any security questions or protocol design decisions. 📅 Feb 26th 🕑 2-4 PM CET Reserve your spot below 👇 luma.com/stellar-office…

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DeFindex
DeFindex@defindex_·
From SCF Demo Day with the @StellarOrg team 🤩 @DevMonsterB breaks down the steps to integrate @Defindex_: from setup to first flows running! Built for teams that want to ship fast 🚀 @buildonstellar
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Nick
Nick@logicarbitrage·
All of these points are absolutely correct. We had to address this when we built Soroban because core to the Stellar thesis is that our success hinges on enabling access in the emerging markets we serve. These doesn't just mean on/off ramps, it means enabling local builders too. In these markets capital is scarce, and the need for experimentation is high. So when we built Soroban we spent alot of time identifying the risk and cost drivers here and worked to systematically eliminate them. Being a late mover helps, we could look at past exploits and common mistakes to design for better default safety. Using rust and wasm helps because you inherit a lot of existing tools and testing infra. But the single most important thing we did was use foundation capital to create economic incentives for security. The most visible feature of this is the Stellar Audit Bank. We can negotiate bulk pricing with the best auditors, ensure they have expertise and context on the ecosystem and establish ecosystem norms around taking security seriously. If you work at a foundation that gives out grants to builders and you care about security, you should steal this idea. It has been an unmitigated success for us. You can read about here: stellar.org/grants-and-fun… And if you want to implement something like it you can reach out to @anke_g_liu she built the program into what it is today, and she loves to compare notes on all things ecosystem building.
Abbas Khan ⟠@KhanAbbas201

Some audit bros are on my ass, so here’s the full explanation: In other areas of tech, experimentation is very easy and cheap. You can launch projects, test demand, see what sticks, and shut down what doesn't. The cost of learning whether an idea is worth pursuing is very low. This encourages speed, iteration, and risk-taking. Most projects fail, and that’s fine, because failure is affordable when it comes at a low cost. In crypto, experimentation is expensive from day one. The moment a product touches user funds, expectations jump straight to production grade security. No one wants to interact with a codebase that hasn't been audited, often multiple times. This is rational behavior because the stakes are high. As a result, crypto ends up biased towards teams that already have capital. Smaller and bootstrapped teams don't launch at all or they take shortcuts that increase risk, neither of which is healthy. This raises the barrier to entry and filters out a huge amount of projects. Many ideas never get tested and we lose out on useful potential projects. If crypto wants more innovation, it needs to make it cheaper to fail early. Right now, failure is too expensive, and that’s one of the biggest reasons experimentation in crypto lags behind other major technology sectors.

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benedict
benedict@bqbrady·
Excited to share a new mechanism design challenge from me and @danrobinson Can you build the best AMM fee strategy that thrives in a dynamic trading environment? Give it a shot and submit at the link below ammchallenge.com 1/
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Abbas Khan ⟠
Abbas Khan ⟠@KhanAbbas201·
One of the biggest reasons why it's hard to experiment in crypto is security audits and their costs. I've spoken to more than 10 teams in the last month who are all currently ready to launch on mainnet, but are held back by audits and their insane cost. A basic audit can cost up to 50k for a small codebase, which makes it hard for bootstrapped projects to launch and explore if they should even be spending their time on this. The industry did a terrible job of overpricing security audits and it has strongly held the space back.
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Stellar
Stellar@StellarOrg·
Last year the Stellar Development Foundation published an updated framework for using the XLM entrusted to us to build, promote, and strengthen the Stellar network and ecosystem. Today, we moved 2,738,473,022 XLM from Growth 3 (GDUY7J7A33TQWOSOQGDO776GGLM3UQERL4J3SPT56F6YS4ID7MLDERI4) to Assets and Liquidity (GAMGGUQKKJ637ILVDOSCT5X7HYSZDUPGXSUW67B2UKMG2HEN5TPWN3LQ) to ensure transparency and clarity on the use of funds. Foundation accounts now map clearly to the four mandate allocations and are labeled accordingly on Stellar Expert: -Development -Product & Innovation -Growth -Assets & Liquidity Read the updated mandate and view live balances: stellar.org/foundation/man…
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Nick
Nick@logicarbitrage·
@markus_ 5% basically has a TAM of global GDP. But people can't help but be distracted by a token for decentralized AI infrastructure. Its issued on an L2 with a single sequencer, that just so happens to be in the same data center as all the AI infra, but you know its a journey.
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