@mirror_protocol should tokenize @ethereum ‘s gasPrice $mGwei. Here’s why (thread):
1/ Ethereum’s gas price is attractive to speculate on. Gas prices have been observed to be highly fluctuating every time a high-used dApp is released.
2/ $mGwei will be a way to invest in Ethereum’s actual usage and not its value from speculation.
3/ $mGwei will be easy to provide liquidity on (LP). Gas prices always converge to a certain range after peaks, reducing the impermanent loss risk of LPs.
4/ $mGwei is insanely composable. E.g. it could Allow dApp devs to hedge against gas price peaks through $mGwei-based options etc.
5/ An on-chain fast gas index is already being provided by @chainlink. Adding this oracle to @terra_money should be trivial work.
You can follow @ryanology045.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.