NFT Nerds + DeFi Degens = Aavegotchi
The Inevitable Marriage of Yield Farming and NFTs
What are NFTs?
NFTs are Non-Fungible Tokens
That means that they are provably rare and unique using blockchain technology. Each token (crypto-collectible) has random properties and characteristics, and can be traded on the open markets. With NFTs on the Ethereum network they programatically encode the traits previously mentioned and are therefore yours and yours alone.
What is DeFI and who/what are the Degens?
DeFi is short for “decentralized finance”
This an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. Today the majority of these applications are hosted on the Ethereum network. …
Evolving Web 3.0 with The Graph
Data access technologies such as databases, search engines or query APIs are so ubiquitous that we barely think about them when architecting software solutions. As Web 3.0, decentralised applications powered by blockchain technologies evolve, infrastructure blocks such as data access will become more relevant.
The Graph is a decentralised protocol that enables the indexing and querying of data via ‘subgraphs’. …
A run down of their foundational query infrastructure
The future of decentralised applications and Web 3 will be shaped by the foundational infrastructure layer that supports it. Where previously dApps have had to brew their own query logic and find storage for the output (on the blockchain) we have been holding back the possible innovation for dApps.
A comparison of what it means and roughly costs to be a validator on the Cosmos and KEEP PoS networks
- COSMOS > TLDR > It will cost you thousands in equipment setup, ~$2,500 a month, and $1.1m in ATOMS to be in the top 100 validators
- KEEP Network > TLDR > It will cost you ~$250 a month, and ~$100,000 in KEEP + Ethereum (150%+ of the Minted BTC) to be in the initial set of validators (assuming you are running both the Random Beacon + t-ECDSA clients)
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