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Post by @davidev.lens
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Post by @davidev lens

Post by @davidev.lens
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Post by @davidev lens

Post by @davidev.lens
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Post by @davidev lens

Post by @davidev.lens
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Post by @davidev lens

Spent part of the weekend re-reading the GHO Technical Paper, and it has made me so excited to see it live. Dropping some of my key takeaways and what makes GHO different from other stablecoins: 1) GHO x Aave - the first facilitator described by the GHO paper is the Aave Market. With the Aave Market issuing stablecoins, which are the #1 borrow token type, expect the interest rate for GHO to be lower than that of USDC, DAI and more. With no suppliers to compensate with interest, the GHO borrow rate is pure profit for the DAO and can undercut other stables. 2) Facilitators - the GHO section of the paper doesn't describe any specific stable, issuance or redemption mechanism, just the ability for governance to add and give limits to different strategies called "facilitators". My read is that governance will evaluate a multitude of strategies and onboard many, since exposure to each can be capped via facilitator limits. 3) Modular design - while the source code for GHO isn't released (I can't wait to dive in myself), this model of facilitators makes adding new strategies super modular. Things that may be complex in other stables (D3M, LiquidityInjection, CollateralInvestor, PSM) can be coded and audited in a much easier manner. Read the paper for yourself and let me know what you think! https://governance.aave.com/t/gho-development-update/10267?u=oneski22
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Spent part of the weekend re reading the

Happy Holidays!
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Happy Holidays!

Seeing @jakeowen.lens on Lens has me chillin', breezin', sippin', singin' whoa-oh-oh https://open.spotify.com/track/5dNGORzxFb5z3v7vSAFkTU?si=ed54ff5f45324a3c
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Seeing @jakeowen lens on Lens has me chillin',

3 days, 5 mountains* Time to warm up my feet and get back to building. Have always found skiing (snow or water) helpful to clearing mind and reinvigorating creativity. *(in order of preference: Snowbird, Alta, Canyons, Deer Valley, Park City)
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3 days, 5 mountains* Time to warm up

Only half the capacity of the new system we are testing at @lensprotocol. Insanely high throughput. Same decentralization.
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Only half the capacity of the new

LensScaling
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LensScaling

Two Buttons
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Two Buttons

The winter season (mostly the frequent orders of hot chocolate with extra whip cream) has been incredibly productive. Wanted to give a huge thanks to the greatest collaborators as I keep to my goal of drafting a new whitepaper/defi/web3 concept every week. biggest of h/ts @wagmi.lens, @mariariivari.lens, 0xSteven, @jierlich.lens, @keeks.lens, @hazbobo.lens, Matt Graham & 0xBoots
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The winter season (mostly the frequent orders

Twitter peaked this year at 20,000 tweets per second. The @lensprotocol team is testing a new solution that can handle 50,000 TPS without sacrificing user ownership and data availability. Can't wait to get this in the hands of developers so we can keep building fully decentralized and truly scalable social products together!
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Twitter peaked this year at 20,000 tweets

Some DeFi musings exclusive for the Lensverse: (from the cutting room floor of a @frenlyghostlabs.lens whiteboard session) Why Balancer Boosted Aave (bb-a-*) tokens make Balancer the most attractive DEX: DEXs fundamentally need to attract LPs/market makers who are willing to provide liquidity between to assets. Their reward are trading fees, which ideally are greater than the potential loss they face in exposure to poor assets, or impermanence loss (loss of upside vs holding appreciating assets - holding an ETH/USDC LP will cause you to miss out on gains if ETH goes up vs holding ETH alone). This is why projects generally do various forms of liquidity mining, to help incentivize otherwise unattractive LP positions. Another key risk of LP-ing that people don't always consider is opportunity cost - particularly with consideration to the ETH or USD side of a pairing. That ETH could be staked, that USD could be in Aave, making the LP position even less attractive. This is where Balancer Boosted Aave LPs really shine. Using Balancer's Linear Pool technology, a majority of the Balancer Pool can be deposited into Aave, earning yield. This helps make the LP more attractive by offsetting the opportunity cost, as well as adding additional yield to help reward market makers for taking the IL risk. This means projects don't have to do as much liquidity mining, and will see higher base liquidity when using bb-a-* LP tokens. You can trial using bb-a-* LPs today with bb-a-usd and bb-am-usd on Mainnet and Polygon respectively, and stay tuned for many more pairs leveraging the power of Aave V3 and Balancer V2 💪 **Not financial advice, please always do proper diligence on any investments you make**. If you liked this thread and want to see more posts from the cutting room floor of the FGL Whiteboard please consider liking, mirroring, commenting and collecting #LMCC
sublens: LMCC
Some DeFi musings exclusive for the Lensverse: (from

Not ashamed to admit it: finished the main Pokemon Violet storylines and cried over 2 of them and immediately FaceTime'd my dog. Back to scaling Lens infra 10,000x before end of year 👀
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Not ashamed to admit it: finished the

Since @chopan.lens is sharing his multi app workflows, I figured I'd share my unified profile picture. I have my Lens Handle set as my ENS reverse record for my wallet (davidev.lens.xyz). Changing profile picture on Lens -> Changes avatar record on ENS (via OCR) -> which updates my Rainbow Profile Picture Obviously we talk a lot about composability in web3, but seeing and feeling it in action is something else!
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Since @chopan lens is sharing his multi app

Grabbed my tickets for the NYC Rodeo, threw on a Big Barn Mix and a cowboy hat. About to be a productive day! 🤠 🐎 https://soundcloud.com/jbarmusic/big-barn-country-mix-volume-6
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Grabbed my tickets for the NYC Rodeo,

@lensapi.lens users have chosen gasless transactions over 8MM times! Lens developers are leading the way in building the UX of the future. No gas, no signature, no RPC, no problem.
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@lensapi lens users have chosen gasless transactions over

After Michigan’s dominating performance tonight, my prediction for the New Year’s 6 Bowls: (CFP) Michigan v. TCU (CFP) Georgia v. OSU Alabama v. Kansas State Tennessee v. Clemson Utah v. Penn State Tulane v. USC
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After Michigan’s dominating performance tonight, my prediction

“A 2 loss Conference Champion Tulane > 2 loss Alabama.” - @jeffreysilverman.lens
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“A 2 loss Conference Champion Tulane >

B1G Football > World Cup Football #GoBlue
sublens: GoBlue
B1G Football > World Cup Football GoBlue

On to the B1G Championship next weekend. #GoBlue https://open.spotify.com/track/0zNdw7vzK7nVtMlNkjVRfb?si=ZqSZcLIlRq-h9_p3a5br2w
sublens: GoBlue
On to the B1G Championship next weekend

Sorry to report that the Lens Team will be temporarily pausing the normal cadence of feature shipping this week to play far too much Pokemon Scarlet & Violet. #GottaCatchEmAll
sublens: GottaCatchEmAll
Sorry to report that the Lens Team

Over 7MM gasless transactions! @lensapi.lens is handling close to 1MM transactions a week! At an average of 1.6 TPS the Lens API service handles "L2 level loads" for all of the leading Web3 social applications! Build for mass adoption. Build with @lensapi.lens!
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Over 7MM gasless transactions! @lensapi lens is handling close

ITS GREAT 👏 TO BE 👏A MICHIGAN WOLVERINE 〽️〽️〽️
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ITS GREAT 👏 TO BE 👏A MICHIGAN

Vamos Azul!!! Michigan 45 - Ohio State 23 Argentina 2 - Mexico 0
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Vamos Azul!!! Michigan 45 Ohio State 23 Argentina

I hear that the folks on the blue app are getting excited about a dev build accidentally going live. @lensprotocol and @lenster.lens have their dev builds open for anyone to use! (including on cutting edge test chains like Polygon zkEVM) Try them out! https://docs.lens.xyz/docs/deployed-contract-addresses#mumbai-testnet-addresses https://testnet.lenster.xyz
sublens: mumbai
I hear that the folks on the

to any optimizooors there is a free arb rn as part of the @aaveaave.lens DAO acquiring 100k BAL https://etherscan.io/address/0x04f90d449d4f8316edd6ef4f963b657f8444a4ca#code swap aUSDC <> BAL at 50bps premium to the chainlink oracle price
sublens: code
to any optimizooors there is a free

What if your collect revenue was automatically deployed in a DeFi strategy of your choice? Why earn MATIC wen you can earn aMATIC? @chriscomrie.lens do creators want yield? 👀
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What if your collect revenue was automatically

The cool thing about true on chain web3 social is the open data available in real time. @vitalik.lens joining @lensprotocol caused 10,000 transactions to be processed by @lensapi.lens in 30 minutes, and thats not including those held in the Optimistic API queue to smooth on-chain load. Lens influencers don't just post. They FILL blocks.
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The cool thing about true on chain

Irresponsibly hammering the Michigan spread, as is Saturday tradition. #GoBlue
sublens: GoBlue
Irresponsibly hammering the Michigan spread, as is

Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙 #orb #orbapp #orbsbt
sublens: orb orbapp orbsbt
Learned about all the web3 lingo on

gm London 👀 🇬🇧
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gm London 👀 🇬🇧

A great article from @holyn.lens! “@lensprotocol may be the most comprehensive solution yet.” https://holla.substack.com/p/twitter-and-the-promise-of-decentralized comprehensive ✅ decentralized ✅ production blockchain ✅ (Polygon 💜) We still have a long way to go and a lot of work to be done to scale to billions of users, but this community of creators, developers and users is the best 🌿
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A great article from @holyn lens! “@lensprotocol may be

Everyone is so focused on the World Cup meanwhile... ITS A GREAT DAY TO BEAT OHIO! #GoBlue https://open.spotify.com/track/6wVbHLCBOCqp6052WcWXLG?si=e122342bc3d94d49
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Everyone is so focused on the World

The Lens Community's size is size! @lensapi.lens: 6.5MM transactions ---------------- Metis: 4.06 MM transactions 🐬 Arbitrum One: 62.21 MM transactions (10.45%) Optimism: 39.13 MM transactions (16.61%) Boba: 885k transactions 🐬 zkSync: 13.35 MM transactions (48.70%) Starknet: 1.08 MM transactions 🐬 Arbitrum Nova: 2.20 MM transactions 🐬 Fantom: 415 MM transactions (1.56%) Avalanche C-Chain: 214 MM transactions (3.03%) Moonbeam: 13.36 MM transactions (48.65%) Moonriver: 23.84 MM transactions (27.27%) Which scaling solution is getting flipped next?
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The Lens Community's size is size! @lensapi lens:

I saw this post below on the blue app, and wanted to share some thoughts on it. The collapse of FTX & Alameda is a black eye for crypto and is going to cause a lot of pain for a lot of people. The continued domino fall of these centralized platforms shows the deep need for strong decentralized systems. As Cobie and Ledger live streamed the demise of the latest hero of crypto, I watched as in the next room over, 3 of the greatest contract devs I know furiously debated, as part of an audit of [redacted]. Behind me the @lensapi.lens backend & infra teams were attacking every whiteboard and glass window with expo markers detailing a new architecture that will help scale Lens several orders of magnitude. On Github, @lenster.lens one of the leading Lens applications that came out of our hackathon with @ethglobal.lens was trending. In Telegram, the Polygon Team along with devs across the Lensverse were analyzing the latest block data and working together to optimizing code to keep all apps and experiences running despite a chaotic gas environment. There is going to be a lot of hurt over the next few weeks and months. Many people will lose funds, regulators will use this incident to enact stricter regulation. Yet, even still: @aaveaave.lens, Maker, Compound + DeFi were paid back first and continue to dutifully follow their smart contract code to provide open financial access to all. Uniswap & Seaport are still functioning, swapping tokens and NFTs without fail. ETH, Polygon, Arbitrum, Optimism and more are producing new blocks, filled with unstoppable decentralized computing for devs to utilize. We are not done. Numbers may keep going down, mistakes will happen, more idols will fall. But the movement will continue, the devs will keep building. The decentralized future is coming, anon, like it or not.
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I saw this post below on the

I just voted "Approve" on "Staked ATokens, A New Aave Primitive Exploring Vote-Escrow Economies " https://snapshot.org/#/aave.eth/proposal/bafkreidmj5twyypvk3se7nojlgw44zdcoz3d3szgddx2viug65grf42uce #snapshotlabs
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I just voted "Approve" on "Staked ATokens,

Special visitor at @frenlyghostlabs.lens today 👀
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Special visitor at @frenlyghostlabs lens today 👀

At times I forget that Lens posts are on chain, especially when using dispatcher.
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At times I forget that Lens posts

Had the pleasure of discussing the current and future state of the Lensverse with over 60 different projects, integrators and partners. So excited for whats coming in the next few months 👀 🌿 🚀
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Had the pleasure of discussing the current

One of the joys of my week is bothering @0xstvn.lens with an absurd potential use case of Aave V3 to see if possible. Every single time I learn of more and more powerful features in the code that are just waiting to be unleashed. Can't wait for the Ethereum deployment 👀 👻 🚀
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One of the joys of my week

At @ethglobal.lens ETHSF! Can't wait to see all of the hacks on top of @lensprotocol
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At @ethglobal lens ETHSF! Can't wait to see

@lensprotocol's modular design makes it perfect to combine with other web3 protocols to build amazing experiences! In honor of @ethglobal.lens's ETHSF here are 4 project ideas you can build by combining some of the other event sponsors with Lens! 1. Lens x @xmtplabs.lens x ApeCoin DAO: create a messaging app using the new Lens x XMTP integration that allows Apes to securely communicate with each other using decentralized E2E messages! 2. Lens x @push_.lens x @worldcoin.lens: create a PUSH channel that only sends notifications when profiles that have been WorldCoin verified collect your content! 3. Lens x @livepeer.lens: leverage Livepeer to create an application that lets you instantly go live and livestream to your Lens Followers! 4. Lens x 0x x Polygon: create a new collect module that allows creators to instantly swap their earnings into a token of choice, allowing them to monetize content globally using MATIC, while realizing their gains in their local currency of choice. Happy to jam on these ideas & all of your other amazing builds at the Lens Booth at ETH SF!
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@lensprotocol's modular design makes it perfect to

Less than 1 million to go 👀 @lensapi.lens size is size
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Less than 1 million to go 👀 @lensapi lens

Posting on behalf of @lucemans.lens who is getting shadow banned on the bird app right now. Try out his awesome ETHSF project at vrfd.app! Use social verification + ENS to distribute blue checkmarks (without the $8/mo payment)
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Posting on behalf of @lucemans lens who is

Share your snapshot votes to @lenster.lens ! @aaveaave.lens DAO has several live now to test the feature with!
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Share your snapshot votes to @lenster lens ! @aaveaave lens

@birdy.lens thinks I should post more of my hot takes so here it goes: 1) In 3 years or less metamask will not be the majority wallet of usage. 2) Protocol Account Abstraction is an inferior solution compared to contract level or signature level. 3) There will be multiple successful ETH L2s that do not use EVM for execution. 4) Metamask & others forcing an RPC change for simple EIP712 signature requests are actively holding the space back from good UX. 5) A major blockchain will have 50% or more of its transaction load be non-financial in the next 2 years. 6) Using a testnet deployment as the foundation of your production app is a crime against good engineering and active abuse of the common good that are testnets and bad actors should be called out 👀 What other hot takes are missing?
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@birdy lens thinks I should post more of

Constantly finding solutions to many of the problems we are trying to solve with Lens by studying the history of technology. If we don't study where we came from, we will be doomed to repeat our mistakes.
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Constantly finding solutions to many of the

auditor showed up intro call wearing a rekt hat not sure if I should be happy or concerned
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auditor showed up intro call wearing a

Celebrating music on @lensprotocol with song from my favorite SoundCloud artist JBar!
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Celebrating music on @lensprotocol with song from

Nintendo Wii sound effects are needed in every mix. (Comment with your favorite Wii Sports)
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Nintendo Wii sound effects are needed in

Some insane @lensprotocol and @lensapi.lens features are going live soon (tm) Powerful new tools for devs and some long awaited features for users Can't wait for everyone to see!
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Some insane @lensprotocol and @lensapi lens features are

Despite the high usage of the phrase "check the chain" so many never do. So so much alfa available. Just need to look 👀
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Despite the high usage of the phrase

Blue Haven East's DJ finding the perfect song to open Sunday Night Football to
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Blue Haven East's DJ finding the perfect

Saw someone comment that Lens is the size of some scaling solutions so ran the numbers: Lens Gasless API: 4MM transactions Metis: 3.8MM transactions Arbitrum One: 48.3MM transactions (8.2%) OP: 32.12M transactions (12.45%) Boba: 800k transactions zkSync: 12.65M transactions (31.6%) Starknet: 800k transactions Arb Nova: 1.56M transactions FTM: 400M transactions (1%) Avax-C: 210M transactions (1.9%)
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Saw someone comment that Lens is the

5% pleasure 50% pain 100% chance @lensprotocol changes the game! Welcome to Lens @mikeshinoda.lens!
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5% pleasure 50% pain 100% chance @lensprotocol changes the

I feel like royalty today :)
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i feel like royalty today