0x3eC4
September 18th, 2022

Ethereum is the world’s largest smart contract enabled blockchain in the world ushering in utility to the Internet of value like never seen before. Ethereum is a very interesting design structure in that it is basically an internet protocol with a monetary unit built in. This monetary until of course has value due to the utility of the asset Ether within the Ethereum ecosystem. If someone wants to transact on the Ethereum network they will have to pay a network fee denominated in Ether to do so, some of which will be burned from supply forever. If someone wants to earn a native internet yield backed by global blockchain commerce they will need to stake 32 Ether (16 Ether with RocketPool) to become a validator. If someone wants to create a blockchain loan in seconds without the pain of bank processes, they will need to lock Ether on the Ethereum blockchain in a smart contract as collateral. If someone wants to create an application on Ethereum they will need to spend Ether uploading the smart contract to the blockchain. These are all examples of Ether utility and if you dive deeper into each one you can see how they fit into my sink, faucet, blackhole thesis.

Ethereum Sinks:

-0x00000000219ab540356cBB839Cbe05303d7705Fa (ETH2 Staking)

-DeFi smart contracts (MakerDAO, Compound, Aave, Uniswap, Curve, etc…)

0x3eC4
November 3rd, 2021

What is Trader Joe?

Trader Joe is an AMM style decentralized exchange on Avalanche. Trader Joe combines DEX services with DeFi lending to offer leveraged trading. Trader Joe’s products are community driven which allows them to allocate fees collected from liquidation and swaps back to the users via the JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.

What is Avalanche?

Avalanche is a layer one blockchain created to host all kind of distributed applications. As another blockchain with similar utility to Ethereum, Avalanche has made small changes to how the blockchain works to optimize for speed and scalability. Avalanche aims to not only be a short term compliment to Ethereum but possibly even a substitute. Avalanche has a unique architecture. It consists of three unique chains: X-Chain, C-Chain and P-Chain. With each chain having its own purpose. Something interesting about Avalanche is that each chain uses a different consensus mechanism.

0x3eC4
November 3rd, 2021

What is Trader Joe?

Trader Joe is an AMM style decentralized exchange on Avalanche. Trader Joe combines DEX services with DeFi lending to offer leveraged trading. Trader Joe’s products are community driven which allows them to allocate fees collected from liquidation and swaps back to the users via the JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.

What is Avalanche?

Avalanche is a layer one blockchain created to host all kind of distributed applications. As another blockchain with similar utility to Ethereum, Avalanche has made small changes to how the blockchain works to optimize for speed and scalability. Avalanche aims to not only be a short term compliment to Ethereum but possibly even a substitute. Avalanche has a unique architecture. It consists of three unique chains: X-Chain, C-Chain and P-Chain. With each chain having its own purpose. Something interesting about Avalanche is that each chain uses a different consensus mechanism.

0x3eC4
November 2nd, 2021

What is Trader Joe?

Trader Joe is an AMM style decentralized exchange on Avalanche. Trader Joe combines DEX services with DeFi lending to offer leveraged trading. Trader Joe’s products are community driven which allows them to allocate fees collected from liquidation and swaps back to the users via the JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.

What is Avalanche?

Avalanche is a layer one blockchain created to host all kind of distributed applications. As another blockchain with similar utility to Ethereum, Avalanche has made small changes to how the blockchain works to optimize for speed and scalability. Avalanche aims to not only be a short term compliment to Ethereum but possibly even a substitute. Avalanche has a unique architecture. It consists of three unique chains: X-Chain, C-Chain and P-Chain. With each chain having its own purpose. Something interesting about Avalanche is that each chain uses a different consensus mechanism.