Discover and read the best of Twitter Threads about #ERC4626
Most recents (3)
A deep dive into the ERC-4626 Ecosystem 🧩
We explore some of the vast ecosystem of #DeFi projects building on the #ERC4626 standard.
We explore some of the vast ecosystem of #DeFi projects building on the #ERC4626 standard.
1/ Standards in traditional technology are one of the most powerful catalysts. They drive interoperability, ecosystem development, and future innovation.
2/ Crypto is no exception to this: ERC-20, ERC-721, ERC-4626. Standards are the condition for a successful composable and permissionless ecosystem.
1/ Cross-chain composability with #erc4626 and @ConnextNetwork to enable interchain collateralization 👀
✅Deposit on any chain and borrow to any chain with a single transaction 🙌💪
🔜 #crosschain
Fuji V2⤵️
✅Deposit on any chain and borrow to any chain with a single transaction 🙌💪
🔜 #crosschain
Fuji V2⤵️
2/ Most of the #DeFi protocols are now multi-chain with their contracts being deployed on several L1s/L2s.
Yet, these instances are standalone and the UX is not trivial when one tries to use a protocol on more than one chain🤔
Yet, these instances are standalone and the UX is not trivial when one tries to use a protocol on more than one chain🤔
3/ On the other hand, the development of cross-chain dApps currently revolves around:
1⃣ simple bridge transfers (moving assets from chain A to chain B)
2⃣ cross-chain swaps (providing an asset on chain A and getting another asset on chain B)
1⃣ simple bridge transfers (moving assets from chain A to chain B)
2⃣ cross-chain swaps (providing an asset on chain A and getting another asset on chain B)
1/13 A short thread on token standard #ERC4626 of #Ethereum blockchain discussing the current limitations of existing applications, use cases and benefits.
2/13 ERC-4626 is the new ERC standard for yield-bearing token development, developed by Joey-Santoro and 2 other developers at #feiprotocol. Its released on 3/11/2022.
3/13 Yield-bearing token mostly represents assets locked in DeFi protocols, as you know, DeFi’s TVL is now over $100B, so Yield-bearing token’s market cap is huge and widely used in Protocols, some examples of Yield-bearing tokens include cDAI, aLINK, yETH.
