Just finished reviewing these and awarded 100 prizes, one per defi term. Pretty good experiment.
$600 for a defi dictionary
$6 prize per defi term
Up to 100 prizes
1) Letโs crowdsource a defi dictionary. Here are some example terms:
- Automated market maker (AMM)
- Miner extractable value (MEV)
- Bonding curve
- Impermanent loss
- Yield farming
2) Reply below with a defi term that is *not* in the above list.
3) Each qualifying reply will receive four diamonds, about $6. Up to 100 such prizes will be awarded. You may submit more than one reply.
4) Each reply should contain exactly one (1) defi term, along with a definition and ideally a link to more info or an illustrative figure.
5) If multiple accounts submit the same term, we will first sort by the subjective quality of their post (did they include a definition + link or not?). Then, as a second tiebreaker, we will use on-chain timestamps to establish priority, and the first qualifying reply will receive the prize.
6) We will conclude after one week or 100 distinct terms have been crowdsourced, whichever comes first.
7) We reserve the right to determine whether two arguably overlapping submissions are "distinct" or not.
8) Digital asset names alone do not qualify as terms. For this prize, we are more interested in the concept of AMMs than a particular protocol's implementation.
on chain: transactions occuring on blockchain network!
Stablecoin, which is a token that reflects a โfiatโ, or traditional currency.
The term โpump and dumpโ refers to buyers piling into a cryptocurrency or token to inflate its price and then selling it all at once, which causes the price to crash.
Block
A block is a bunch of transactions that have been added to the blockchain
Been a long time! Welcome back :) we are still here and thriving!
๐ for the ๐๐๐๐
Compiled, edited and collated the replies together where you have sent diamonds.
Also have the editable version, if anyone wants to edit it further. Hope this will help.
Late to the party, but what a fabulous idea. Will you be publishing this for deso consumption?
Hey there ๐ where you at?