9/ Now with the implementation of further modules like cw-ica and cw-callback Archway can begin to build out an execution layer that is advantageous to developers while allowing the chains it is interacting with to be abstracted from the user—commonly referred to as chain or account abstraction.
8/ To put it simply, the developer gets more of the pie on Archway than any other platform.
7/ Technology Stack ⛓️
In order to provide this type of reward distribution Archway built out two custom SDK modules (rewards + tracking) that are meant to bring more material value back to the app layer—directly incentivizing devs based on the traction their products brings to the network.
6/ Network Fee: Receive 50% of gas spent on contract w/ other 50% burned.
Inflation: Receive a portion of block rewards based on gas consumed on dApps (network usage).
Smart Contract Premiums: Custom fees for interacting with the smart contract(s) setting a price floor for their dapps—100% to dev.
5/ Developer Rewards 📊
Archway also has a unique mechanism for distributing rewards and value back to the application layer that helps to align the apps with the overall protocol creating a flywheel affect as dApps can earn more significant amount of value based on the usage of their contracts.
4/ Many L1s will have no way to incentivize security or public goods once their predefined emissions have been depleted, unless they can generate substantial fees to cover the significant costs of overhead (security, public goods, etc.) leaving them in a precarious position, but not @archwayHQ.
3/ Instead Archway opted for a model with no max supply that utilizes a low fixed inflation rate (10%) that can be offset through the implementation of AIP-1559 which provides counter-inflationary pressure on emissions based on current block space demand (similar to EIP-1559).
2/ This is achieved by avoiding the standard fixed supply model and arbitrary emission schedules that have been repeatedly used in the Cosmos.
Archway Economics & Design 🧮
Archway provides a framework uniquely designed to create sustainable economics at the protocol layer, helping to ensure the L1 tokenomics do not hinder the economic feasibility of the dApps being built on top of the protocol.
A thread 🧵👇🏽
Trying to figure out if BlueSky actually has any engagement... LIKE this post if you see it!
Had an epiphany this morning... exploring multiple connections isn't unfaithful, just call it data-driven dating 🤔
Imagine slicing up a blockchain, each piece mastering a unique action. This is the essence of modular blockchains.
It's like smart factory automation: efficiency reigns. Could this be the future pathway to enhanced blockchain scalability?
Breaking it down to build it stronger.
Does bsky actually have engagement?
Like if you see this post 😎
Faulty protocols and dApps bagging a value 100x higher than what their product actually captures is a glaring sign the #web3 space still has a ways to go.
We need sustainable products, not lofty promises of utility.
@archwayHQ's value capture model aims to change that.
Crypto is changing the world, and the future is bright! 🚀
From decentralized exchanges to stablecoins, the industry is booming with innovation and opportunity. Get ready to ride the wave! 🌊 #crypto #blockchain #innovation
Crypto is changing the world, and the future is bright! 🚀
From decentralized exchanges to stablecoins, the industry is booming with innovation and opportunity. Get ready to ride the wave! 🌊 #crypto #blockchain #innovation
Never underestimate your worth, even if others fail to recognize it. Your value remains intact regardless of their perception.
Never underestimate your worth, even if others fail to recognize it. Your value remains intact regardless of their perception.
My weekend readings:
@FigmentCapital DVT for Sequencers: blockworks.co/news/figment-... …
@CatalystAMM Unit of Liquidity whitepaper: tinyurl.com/catalystwhitepa...
#blockchain #defi #web3 #Rollup
Been a while, what's going on in the BlueSky community? Are we #Cosmos maxi's yet?
Any fellow #Cosmos people on here? Would love to join some of the conversations! #IBC #blockchain
Hello Oskars! Fancy seeing you on this app haha
Gm Bluesky fam! Let me know who are some good follows on this app please and thank you.
Officially got invited to BlueSky... feelsgoodman.