After a great showing at Celo Camp, we are ecstatic to introduce Dahlia, a leverage yield farming protocol on the Celo blockchain!

Based on Alpha Homora’s v2 contracts, our protocol allows traders to swiftly farm on an automated market maker with as much as 9x leverage. Also to the benefit of users, anyone will be able to lend out their idle Celo assets and earn a high interest rate without the direct risks of yield farming. Thus acting as an permissionless alternative to a high yield savings account. In return, farmers benefit from newly available leverage that ultimately drives liquidity…


Executive Summary

Built on Ethereum, RAI is a low volatility reflex index with minimal governance for decentralized financial applications to use.
Utilizing an on-chain proportional-integral-derivative controller, the protocol is designed to react to various market pressures to maintain a stable market price that is within a small margin of what the system targets known as the redemption price. Unlike other algorithmic stablecoins that are also governance minimized, RAI allows for its exchange rate to float on secondary markets. Thereby, allowing for a unique mechanism design with negative interest rates. Similarly to MakerDAO, for which the reflexer system is a fork…


Let me begin by stating the obvious, we are in the midst of one the most speculative markets in recent history. Excess liquidity with topped out equity valuations and low interest rates have worked as the quiet undertone to what is a brewing disaster. To no surprise, folks have flocked to the most speculative asset of them all — Bitcoin. In the past couple of months, Bitcoin has rallied to over $50K under the narrative that it is risk-off macro hedge against global inflation. One that has been supported by the self proclaimed bitcoin evangelists and now even some major…


Process

Decided to test three different concentrations of hashing rates (computing power) to determine which concentration would be most profitable. Calculated the total cost to run a mining unit for a year and adjusted the calculation to match the desired concentration. The benefits were calculated using a projection of possible future Bitcoin prices along with the success rate of the popular mining pool, Slushpool to obtain an estimated number of Bitcoin mined per year for three concentrations. This was used in tandem with two different projection prices for Bitcoin to get a grand total of six different scenarios.


“The relatively high costs of domestic and cross border electronic payments are encouraging innovation, with new entrants applying new technologies to offer lower cost, more convenient retail payment services.”

Note. Quote from Mark Carney, Governor of Bank of England, Speech at the 2019 Jack Hole Economic Symposium.

At the 2019 Annual Jackson Hole Economic Symposium, Mark Carney the current Governor of the Bank of England articulated the need for a digital synthetic hegemonic currency to combat the dominance of the United States Dollar in the global economy. …


While DeFi shows tremendous hope for the formation of a new financial system that can be independent of institutional trust, many of the most popular DeFi systems that exist today still rely on the very same institutions they are aiming to replace. An example of this is using a partner bank in the traditional financial system to secure collateral assets off-chain. Centre; the brainchild of Coinbase and Circle does this by placing a US dollar into trusted bank accounts every time a USDC is minted. …


About 220 million people in the United States have a credit score. Of them, roughly 68 million are categorized to have a “poor” rating of 601 or below. This means for a large segment of the population, their credit score affects their ability to lend money that sometimes could be crucial to just get by or even make it more expensive to obtain a loan. Therefore, once individuals are deemed to be untrustworthy lenders by the current banking system, it becomes increasingly difficult for individuals to gain financial independence. …

Robert Leifke

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store