Category: Ethereum
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How to calculate APY for Compound V3 Rewards
Introduction Annual Percentage Yield (APY) is a critical metric for evaluating the returns on investments in DeFi protocols. In Compound V3, calculating the APY for COMP rewards involves understanding the reward rates and their impact on supply and borrow activities. If you want to understand how the rewards system works for Compound V3, please checkout…
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Compound V3 Rewards explained
Introduction In decentralized finance (DeFi), incentives play a crucial role in driving user participation. Compound, one of the leading DeFi protocols, utilizes COMP token rewards to encourage both lending and borrowing activities. This post delves into how the Compound V3 rewards system works, comparing it with the MasterChef algorithm from yield farming protocols, and providing…
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What is zkEVM: Things You Need to Know About The Future of Dapps
Hello fellow web3 enthusiasts! I’m excited to share with you today about a fascinating development in the blockchain space: zkEVM. If you haven’t heard of it yet, zkEVM is a new technology that promises to change how smart contracts are executed on Ethereum and other blockchain platforms and how blockchains can finally start to show…
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Everything you need to know about Solidity fallback functions
Introduction Smart contract functions are the building blocks of smart contracts, which are blockchain-based autonomous programmes. A smart contract function might be configured to operate when a given quantity of currency is received or when a specific contract condition is satisfied. Smart contract functionalities must typically be “externally” triggered. In other words, solidity and evm…
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Overview of ve-Tokenomics model
Curve.fi is the prominent example of a protocol that has seen sustained success, prompting others to adopt a tokenomics model based on vote escrowed tokens. By tying CRV to veCRV, Curve was the first to implement these mechanisms, giving token holders access to three essential functions: The following diagram illustrates how this model can be…
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Account abstraction on Ethereum: An introduction
Why do we need account abstraction on Ethereum? Even if the future of Ethereum and crypto looks great, there is still a real worry about mass adoption. Even though crypto fans may not need help setting up and keeping their self-custodial Ethereum wallets secure, the user experience for new users could be better. This is…