DEXTF Newsletter #28
Management fee module | DEXTF highlights from October | The Oracle Problem, Flash Loans and DEXTF’s solution | Metaverse 2.0 or 3.0?
Hey Everyone,
Welcome to this week's edition of the DEXTF Newsletter!
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DEXTF updates
The management fee module is now live!
We published a mega-thread compiling all #DEXTF highlights from October.
The Oracle Problem, Flash Loans and DEXTF’s solution
📚 The Oracle Problem, Flash Loans and DEXTF’s solution dextfprotocol.substack.com/p/oracles-in-d… Check out our article on how flash loans are exposing a fatal exploit in price oracles and how DEXTF is avoiding that risk through an oracle-less asset management protocol. See below for a TL;DRSolana Ignition Hackathon update
Oracle deathwish and 1% chance
For those that want to dig into what’s DEXTF, this is a good start:
$DEXTF is here to change the fund management industry. We need everyone on board. That’s why everything you need to know will be on a consistently updated in this thread. It’s not supposed to be sequential so just jump in to whichever section you’re most interested in. 👇Also, DEXTF is hiring! If you think this is you, reach out to us. DMs are open.
Portfolio Metrics
[As of 4th November 2021].
Please refer to the DEXTF website for the latest APRs:
DEXTF/ETH is offering a 21% APR
XTF LPs can currently earn a 22% APR
You can earn $DEXTF by providing liquidity on whitelisted fund tokens (XTF2) on Uniswap (10K tokens daily).
Current TVL is US$1,612,000
You can invest by buying on Uniswap or on the DEXTF app
Here’s a quick guide on how to buy
Concept of the Week
⚖️ Metaverse 2.0 or 3.0?
In the words of Satya Nadella, CEO of Microsoft, the metaverse enables computing to be embedded into the real world and for the real world to be embedded into computing.
The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room. Take a look.But wait a minute, isn't the metaverse a word that popped up in the NFT craze only recently in the context of crypto? Why have corporations been so quick in appropriating the phenomenon?
Companies who are currently trying to build their own version of the metaverse. Nike Snap Roblox Nvidia Tencent Microsoft Facebook Epic Games Probably nothing.Among the many opinions, one that stands out is that held by Emin Gürer, founder of Ava Labs, who thinks that the ultimate goal for these companies is to boost the targeted ads business. Because if you think about it, you could literally spend hours in the metaverse without ever leaving your home while still churning valuable behavioral data at the service of the so-called surveillance capitalists.
So why has the metaverse been celebrated profusely, especially in relation to NFTs?
This has to do with the play-to-earn narrative that was spurred by on-chain gaming and DAO-led networks that are here to weave the future of work by creating the web 3.0 version of the metaverse. The fundamental difference between web 3.0 and web 2.0 is that the latter does not focus on ownership but on interaction through which important data is gleaned from and returned to the user as a revenue-generating ad for the company and not the user. With web 3.0, the user has the right to a slice of that revenue as they contribute to the network/metaverse.
Therefore, the metaverse, which is discussed mostly around the creators' economy, empowers a large group of the population that for most of the time was under-appreciated or had no platform and/or opportunity to manifest their abilities. The metaverse represents the world that we always dreamed about, where your identity and all your worldly attributes have no meaning unless you want them to.
Millions in investments both in crypto and in the real world are converging to an agreement that the metaverse is what would propel humanity forward. Who knows, world decarbonization might be greatly accelerated if we built more forests rather than business districts because having an office or a virtual land in the metaverse would mean a lot more.