#mechanism-design

The Token Underground 0x1: BZRX token — a smart move or a pre-programmed fail?
▻https://hackernoon.com/the-token-underground-0x1-bzrx-token-a-smart-move-or-a-pre-programmed-fa

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The Token Underground 0x1: BZRX token — a smart move or a pre-programmed fail?We are back with the next installment of the Token Underground. Bringing to the spotlight today a token model of BZRX token recently introduced by the bZx Team. This one grabbed our attention due to a number of reasons. First, it’s relatively fresh, and has some novel ideas, and — perhaps more surprisingly — was developed to integrate a token into some of a lending protocol business, while more bespoke decentralized lending projects like Dharma operate without any token whatsoever.In our pilot issue Token Underground 0x0 we outlined our approach to analyzing token design. It is based on stripping down the ecosystem to a set of elementary economic interactions. We strongly feel that a decentralized framework needs a (...)

#bzrx-token #token-economy #blockchain #web3 #mechanism-design

Unveiling #blockchain’s full Potential
▻https://hackernoon.com/unveiling-blockchains-full-potential-784519610708?source=rss----3a8144ea

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Unveiling Blockchain’s full Potential — A new Era of Internet Protocols and ApplicationsWhat you can expect from the read:Introduction to cryptoeconomic mechanism design, a new art of designing protocols next to cryptography or machine learning, including what it is and what is the rationality, and how you can leverage it in your own applications and protocolsA discussion why Blockchain is the missing technological piece to harness cryptoeconomic mechanisms in Internet applications and servicesTwo example HTTP protocols showcasing the power and practicabilitySummary of future emerging killer applications resulting from the application of cryptoeconomicscourtesy of Kristina FlourCryptoeconomic mechanism designing is the true ingenuity of Blockchain. In this article we explore the (...)

#cryptoeconomics #future-internet #mechanism-design #technology

A Plethora of Stablecoins : Price-Stable Protocol Utility Tokens
▻https://hackernoon.com/a-plethora-of-stablecoins-price-stable-protocol-utility-tokens-c6805ae6f

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Imagine this: It’s the year 2020 and it turns out there’s no “single stablecoin to rule them all.” Instead, all utility tokens are now designed to be price-stable. Centralized #crypto exchanges have either closed shop or refashioned themselves as underground gambling platforms. Decentralized exchanges power seamless, instantaneous and often automatic conversions between the various protocol tokens. Each one is pegged to some real-world basket of goods, often essentials like the price of food, water or housing. Capital is allocated efficiently and instantaneously to the most promising new projects and innovations. Investors are indistinguishable from users and are handsomely rewarded for spotting promising protocols and allocating their computational resources and governance expertise to (...)

#stable-coin #mechanism-design #blockchain #token