Stephen Dang (Sonasia)’s Post

Taiko achieves security and decentralization by recording all block data on Ethereum, making it public and immutable for proof generation. Blocks in Taiko are proposed and appended to a list in the TaikoL1 contract, ensuring deterministic execution and immediate verification. Taiko also uses EIP-1559 to dynamically adjust block space prices and efficiently manage network capacity, ensuring fair resource utilization. Taiko further leverages EIP-4844, which introduces blob data to Ethereum blocks, enabling cheaper transactions and potentially increasing rollup TPS by tenfold. https://lnkd.in/gnCp4w-A

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FRAX is a crypto-collateralized and algorithmic stablecoin pegged to the US dollar. FRAX maintains dollar peg with smart contracts and a fractional reserve of crypto assets held in collateral. It uses a fractional reserve system and onchain algorithms to maintain stability, aiming for a more resilient DeFi solution. https://lnkd.in/gnHMh8tX

Derivative A security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between at least two parties. Common forms of derivatives are futures, forwards, options, and swaps. Dollar-Cost Average (DCA) An investment strategy of spreading out asset purchases by buying at regular intervals and in roughly equal amounts.

Leverage A technique involving the use of borrowed funds (i.e., debt) that allows traders to open a position that is larger than the balance of their account.

Cryptography The practice and study of encrypting and decrypting information through complex mathematics Cryptography is a significant component of blockchain technology.

Omnichain Fungible Tokens (OFTs) are tokens that can be bridged across multiple blockchains at a 1:1 ratio without the need for “wrapping”. Unlike traditional tokens tied to one blockchain, OFTs thrive across various networks, making cross-chain interactions more fluid and efficient. OFTs aggregate cross-chain liquidity, fostering a rich and cohesive DeFi ecosystem that doesn't hinge on a single network's limitations. Bridge at least 10 RDNT using the Radiant Bridge, powered by LayerZero. https://lnkd.in/gzVRNcd7

Congratulations Story Protocol!

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