Einträge von christian

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What You Should Know Before Putting Half a Million DAI in Compound

You’ve probably heard of Compound. They built compound.finance on Ethereum which allows you to lend and earn interest on your ETH, DAI, USDC, and several other ERC20s.
Today, the interest rate offered to DAI lenders is 10%, which is high enough to turn EthHeads’ heads (see cover photo).
As the CEO of SpankChain, it’s my job to manage the company reserves, which also includes nearly half a million DAI. At 10% annual interest, that’s ~$4,000 per month that we’re leaving on the table by not moving our DAI into Compound. That’s quite the opportunity cost. But the thing to remember when investing is that there is no free lunch. All investments have their risks and lending on Compound is no exception.

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The LAO: A For-Profit, Limited Liability Autonomous Organization

Source: The LAO – Medium · 11 min read OpenLaw will be launching the first limited liability for-profit DAO, named the LAO. The LAO will enable members to invest in Ethereum new ventures and generate a profit. A new era of DAOs is beginning. The LAO: A For-Profit, Limited Liability Autonomous Organization Since first proposed in 2013, the notion of […]

Semaphore, a privacy gadget built on Ethereum

by Koh Wei Jie · 8 min read Railway semaphore signals. Source: WikiMedia Commons This year, Ethereum has undergone a privacy renaissance of sorts. Encouraged by prominent members of the community, researchers, programmers, and DAO funders have collaborated to accelerate the ideation and implementation of privacy solutions, particularly those which employ zero-knowledge proofs. We are now at a […]

Freezer – separate Geth onto two disks

Wouldn’t it be amazing if we didn’t have to waste so much precious space on our expensive and sensitive SSDs to run an Ethereum node, and could rather move at least some of the data onto a cheap and durable HDD? With the v1.9.0 release, Geth separated its database into two parts (done by Péter Szilágyi, Martin […]

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Build a No-Code Ethereum app in under 2 minutes

Protocols like Compound Finance and DYDX are arguably the most compelling reasons why you’d want to build an app on Ethereum. Unfortunately the entire web3 stack is surrounded by a cloud of wonky terminology and technical barriers. This jargon minefield makes it next to impossible for the average Jane to get something up and running.
Until now

Build an Open Investment Bank Using OpenLaw

Today OpenLaw is releasing its second vertical OpenLaw Finance. With OpenLaw Finance creating legally compliant tokenized securities, fixed income products, tokenized real estate, and smart derivatives can be as easy as filling out a simple form. The future of decentralized finance is coming into focus powered by OpenLaw.

9 Things You Didn’t Know About Ethereum 2.0

1. It needs 2 million deposited Ether to start
We covered previously how a validator would need to submit 32 ether to a deposit contract to join the staking system in Ethereum 2. What isn’t as widely known is that we need 65536 validators for the new chain to start – roughly 2 million ether (65536 validators). That’s exactly 64 validators per planned shard in the system – too little at first (see numbers below).