Daily lessons from 10+ years in crypto I believe: - p2p all the way - users should stay in control - permissionless systems enable experimentation at scale
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Mutuals are the oldest form of pooled protection on earth.
A quarter of the world's cover ($1.6T across 4,700+ societies, ICMIF24) runs on this structure
On-chain, the sector holds ~$104M. Why? Because they cover the wrong thing: web3 losses
WE are building HANSE to fix this.
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DeFi has lending, trading, derivatives, stablecoins
so naturally the next financial primitive is:
“we all just put money in a pot in case something goes wrong”
mutual risk pools are coming to @Solana
DeFi for real-world risk. any risk. Actually, anything your members agree on
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Fabian Schuh retweeted
Solana @mtnDAO Demo Day with
💡 Accord and Mutual Risk Pools
Demo day pitch presenting Accord (), a Schelling point based adjudication system on Solana.
✅select jurors from a pool,
✅have them commit to & reveal a verdict
✅majority rules
Incentives do the hard work to keep keep jurors in line with the truth.
The only outcome of accord: A verdict, to be consumed by another Program.
A program on top has been built called Hanse: mutual risk pool - the oldest form of pooled protection on earth.
Links below 👇👇
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A short update on @riprapxyz and what we've learned already in the 5 days after launch.
colosseum.com/arena/projects…
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Been busy with firewood almost all of friday.
felt productive, gonna enjoy the fire in our little fire place at home.
greatful for having the privilege of coding in the soft heat of fir in my living room.
🙏
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Fabian Schuh retweeted
Assume you could create an insurance for anything.
What would you insure?
Wrong answers only!
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This is why engineers have to rewire their brain to become entrepreneurs.
We are taught to present what we can to others in our field and want to impress like minded.
As founder, you have to strip your message down dor a VC that makes a decision less than 32 seconds into your pitch
challenge accepted
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Assume you could create an insurance for anything.
What would you insure?
Wrong answers only!
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It's wild how people react to @riprapxyz ..
Let's be clear about one thing:
It's PARODY on the surface.
London is safe
Underneith, it demonstrates a new kind of asset on @solana:
Real World Risk Protection
Putting that on chain is long overdue. And necessary.
Stay tuned
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Fabian Schuh retweeted
You know what?
@superteamuk is right, we are wrong.
Kevlar beats chainmail.
The intern fails us with his research. He's being sent to the Tower of London. No trial.
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Fabian Schuh retweeted
Riprap under the hood.
The facts about our @Solana programs that drive Riprap.
Pop the hood. Take a look.
Don't touch anything. Seriously.
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Me trying to be funny in replies from @riprapxyz
Any advice to step this up with some British humor?
x.com/riprapxyz/with_replies
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Disputes are at the heart of human 👱interactions, and growingly, also between agents 🤖.
I am using @solana as a tool to solve them, on a global scale, permissionlessly, p2p
because I believe people can do more together than apart, without surrendering control.
🧵
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Accord is permissionless.
Create a Subaccord for your domain, stake, get drawn. Or file a dispute from any wallet, no intermediary.
The Schelling point is honesty: strangers converge on the truth because each expects the others to.
It's on mainnet now. Break it!
Or fiddle around on devnet, your call.
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Docs: useaccord.xyz
App: app.useaccord.xyz
Code: github.com/xeroc/accord
Program: cordhVoshqRV6kzGBmM89A66wuusJGsDCvLMHPLyKed
IDL: explorer.solana.com/address/…
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