https://wiki.defillama.com/w/api.php?action=feedcontributions&user=AS42&feedformat=atomDefiLlama - User contributions [en]2024-03-29T14:33:08ZUser contributionsMediaWiki 1.37.2https://wiki.defillama.com/w/index.php?title=LUNA_Collapse_in_May_2022&diff=2215LUNA Collapse in May 20222022-05-11T22:54:12Z<p>AS42: added category</p>
<hr />
<div>In May 2022, bearish crypto conditions resulted in the depeg of subsequent collapse of [[LUNA]] which crashed from over $80 to $0.69 in the space of five days. UST is the stable coin which can be minted with LUNA as part of the [[Terra]] ecosystem which is ran by Do Kwon.<br />
<br />
== Background ==<br />
UST is a stable coin which can be minted by burning LUNA. Its redemption mechanism lets a user mint LUNA by burning UST which puts further sell pressure on the stablecoin peg. In case of a depeg event, this mechanism can put severe pressure on LUNA as more people burn UST to then sell LUNA.<br />
<br />
To alleviate concers about a death spiral, the Terra foundation purchased several billions of Bitcoin that could be used to help stabilize the peg in case of pressure on UST and LUNA.<ref>https://dashboard.lfg.org/</ref><br />
<br />
== Initial depeg ==<br />
Over the 7th of May, 9 figures of liquidity was removed from the [[Curve Finance]] pool resulting in widespread panic and a depeg of around 2% which was quickly brought under control. DoKwon implied on Twitter<ref>https://twitter.com/CaetanoManfrini/status/1523145923571814400</ref> there had been a coordinated attack to create panic and destabilize the peg by simulatenously removing funds from [[Anchor]] and Curve Finance. The Luna Guard Foundation also announced it had loaned $1.5b as a further effort to protect UST<ref>https://twitter.com/LFG_org/status/1523512201088143360</ref>.<br />
<br />
== Sources ==<br />
<references /><br />
[[Category:History]]</div>AS42https://wiki.defillama.com/w/index.php?title=ERC-721&diff=2126ERC-7212022-05-09T13:00:52Z<p>AS42: added a link</p>
<hr />
<div>ERC-721 - The Non-Fungible Token ([[NFT]]) [[Token standards|Standard]], was created by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs due to ERC-20 interface incapabilities. Through an [[Ethereum]] Improvement Proposal (EIP) created on the 24th of January 2018.<ref>https://academy.binance.com/en/glossary/erc-721</ref><br />
<br />
A popular [[Ethereum]] decentralised application, Cryptokitties, utilized ERC-721 to create unique digital collectibles in the form of kitties.<br />
<br />
Each different kitten was worth a different amount on the marketplace, dictated by the users of the platform. Each different kitten commands a different price, and as a result, each token needs to be unique. <br />
<br />
The creation of [[blockchain]] based non-fungible tokens allows for <br />
<br />
* physical property (houses, artwork, and vehicles)<br />
* Virtual Collectibles (Cryptokitties, rare pepes, collectible cards)<br />
* Assets with negative value (loans)<br />
<br />
In order to create an ERC-721 token, the contract must be compliant with both the ERC-721 and ERC-165 interfaces.<br />
<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Token_standards&diff=2125Token standards2022-05-09T12:59:34Z<p>AS42: added a link</p>
<hr />
<div>Each type of token has a standard. A token standard is basically a list of rules each token must follow. <br />
<br />
The common token standards used around DeFi are:<br />
<br />
[[ERC20|'''ERC-20''']] - A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies. (examples: $USDC, $LDO)<br />
<br />
'''[[ERC-721]]''' - A standard interface for non-fungible tokens, like a deed for artwork or a song (examples: BAYC, CryptoPunks) <br />
<br />
'''ERC-777''' - A token standard improving over ERC-20.<br />
<br />
'''ERC-1155''' - A token standard which can contain both fungible and non-fungible assets.<ref>https://ethereum.org/en/developers/docs/standards/#token-standards</ref><br />
<br />
'''ERC-4626''' - A tokenized vault standard, used to represent interest bearing tokens (ibTKNs)<br />
<br />
=== Sources ===<br />
<references /><br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Evmos&diff=1658Evmos2022-05-03T22:58:46Z<p>AS42: removed copy paste mistakes</p>
<hr />
<div>Evmos is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with [[Ethereum]]. It's built using the [[Cosmos]] SDK which runs on top of [[Tendermint]] Core consensus engine.<br />
<br />
Evmos allows for running vanilla [[Ethereum]] as a [[Cosmos]] application-specific blockchain. This allows developers to have all the desired features of [[Ethereum]], while at the same time, benefit from Tendermint’s PoS implementation. Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol ([[IBC]]).<ref>https://docs.evmos.org/about/intro/overview.html</ref><br />
<br />
== References ==<br />
<references /><br />
[[Category:Chain]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1654Vesting2022-05-03T17:29:46Z<p>AS42: </p>
<hr />
<div>Vesting is a method of a gradual and/or delayed token distribution. In [[tokenomics]] it describes how much and over what period of time token is being distributed.<br />
<br />
Usually projects will implement some kind of vesting for the tokens allocated to early investors (VCs, early backers, advisors), as well for the development team. It incentivises investors and teams to stay focused on making project a success over longer periods of time. In contrast without vesting allocations, teams or investors could just dump all of their tokens right after the public sale and walk away from the project (what was prevalent in [[ICO]] era of 2017).<br />
<br />
Most common vesting schedule for a project nowadays is 2-4 years with a cliff of 6-12 months and it is implemented using smart contracts.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial distribution of a token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain lol (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually distributed 25% of their token allocation, second year another 25% and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year. From that moment they also will be getting a gradual linear distribution of tokens same as the first example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1653Vesting2022-05-03T17:29:17Z<p>AS42: typos</p>
<hr />
<div>Vesting is a method of a gradual and/or delayed token distribution. In [[tokenomics]] it describes how much and over what period of time token is being distributed.<br />
<br />
Usually projects will implement some kind of vesting for the tokens allocated to early investors (VCs, early backers, advisors), as well for the development team. It incentivises investors and teams to stay focused on making project a success over longer periods of time. In contrast without vesting allocations, teams or investors could just dump all of their tokens right after the public sale and walk away from the project (what was prevalent in [[ICO]] era of 2017).<br />
<br />
Most common vesting schedule for a project nowadays is 2-4 years with a cliff of 6-12 months and it is implemented using smart contracts.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial distribution of a token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually distributed 25% of their token allocation, second year another 25% and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year. From that moment they also will be getting a gradual linear distribution of tokens same as the first example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1652Vesting2022-05-03T17:11:29Z<p>AS42: rephrased</p>
<hr />
<div>Vesting is a method of a gradual and/or delayed token distribution. In [[tokenomics]] it describes how much and over what period of time token is being distributed.<br />
<br />
Usually projects will implement some kind of vesting for the tokens allocated to early investors (VCs, early backers, advisors), as well for the development team. It incentivises investors and teams to stay focused on making project a success over longer periods of time. In contrast without vesting allocations, teams or investors could just dump all of their tokens right after the public sale and walk away from the project (what was prevalent in [[ICO]] era of 2017).<br />
<br />
Most common vesting schedule for a project nowadays is 2-4 years with a cliff of 6-12 months and it is implemented using smart contracts.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial distribution of a token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation same as the first example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Tokenomics&diff=1637Tokenomics2022-05-03T16:54:58Z<p>AS42: added a link</p>
<hr />
<div>Tokenomics (token + economics) a term to describe the economy of a token. Includes metrics as token supply, its inflation/deflation, [[Allocation|allocations]], [[vesting]], unlocks, etc.<br />
<br />
== See More ==<br />
[https://research.thetie.io/token-economics/ Understanding Token Economics by TheTIE]<br />
<br />
[https://blog.coinlist.co/the-evolution-of-token-distribution-models/ The Evolution of Token Distribution Models by CoinList Blog]<br />
<br />
[https://stark.mirror.xyz/nn67JunTBHw61nD3lvVEQnihl9KkySOhVKQdLzuK5oY Making Sense of Cryptoeconomics by Josh Stark]<br />
<br />
[https://twitter.com/Rewkang/status/1366486243064770560 Tokenomics Tips - Token Float by @Rewkwang]<br />
<br />
[https://twitter.com/Delphi_Digital/status/1466439597316050951 Tokenomics Design by Delphi]<br />
<br />
== References: ==<br />
https://every.to/almanack/tokenomics-101 (describes some practical examples in more detail)<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Allocation&diff=1635Allocation2022-05-03T16:54:18Z<p>AS42: created the page</p>
<hr />
<div>Allocation in [[tokenomics]] describes how much of a token is assigned to a certain group of people (investors, team, individuals), which is usually defined during a token launch.<br />
<br />
=== Example ===<br />
[[File:Token Allocation example chart.png|left|thumb|Token Allocation example chart]]<br />
<br />
<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=File:Token_Allocation_example_chart.png&diff=1633File:Token Allocation example chart.png2022-05-03T16:51:42Z<p>AS42: </p>
<hr />
<div>Simple token allocation example chart</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1615Vesting2022-05-03T15:13:25Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months and will be implemented using smart contracts.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial distribution of a token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation same as the first example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Direct_message_scams&diff=1614Direct message scams2022-05-03T15:11:37Z<p>AS42: </p>
<hr />
<div>Direct message (DM) scam, one of the most common types of [[Crypto Scams|crypto scams]], where attacker tries to socially engineer a victim to send them funds, extract information like wallet seed phrase/private key or install malware. Common on any social network or messaging platform, but mostly affected is Discord at the time of writing.<br />
<br />
=== '''Types of direct message scams''' ===<br />
{| class="wikitable"<br />
!Name<br />
!Description<br />
|-<br />
|'''Crypto Giveaway/Lottery'''<br />
|Victim receives a message about a win in a crypto lottery or a giveaway but in order to receive it they have to pay or send a small amount of crypto to a scammer first<br />
|-<br />
|'''NFT Giveaway'''<br />
|Victim receives a message with an invite to a fake server of a popular NFT collection promising a giveaway<br />
|-<br />
|'''NFT/Crypto token launch'''<br />
|Victim receives a message from a scammer pretending to be an official notification of a NFT/Crypto protocol, informing about a NFT/token launch. Message usually contains a link to a fake website, where victim is encouraged to buy a fake NFT or a token<br />
|-<br />
|'''Celebrity impersonation'''<br />
|Scammer pretends to be an influencer or someone from the staff of the crypto protocol using same name and picture as a real person and asks for help to transfer funds to an exchange or something similar<br />
|-<br />
|'''Support impersonation'''<br />
|User of the protocol comes to a group chat/discord server asking for some technical help. Scammer is monitoring the chat and DMs the victim offering to help. In most cases asks to provide a seed phrase, a private key or to asks a user to share a screen leading to exposure of the private keys<br />
|-<br />
|'''Protocol upgrade'''<br />
|Victim receives a message about a protocol upgrade from a scammer pretending to be a notifications bot, who then directs the victim to install some kind of [[malware]]<br />
|-<br />
|'''A "friendly" person'''<br />
|Scammer is pretending to be friendly asking questions about crypto or NFTs but then drops a link to some website which either asks user to input their private key or asks to sign a message with their wallet which then results in a drain of funds<br />
|-<br />
|'''Pump and dump group invite'''<br />
|Victim receives an invite to a "Pump and dump" group (naming usually involves a word "pump"). After the scammers gather enough people, they coordinate all participants of the group to purchase some specific low cap/low volume token. The trick is that they pre-purchase the selected token before the pump and sell as soon as the participants of the group buy. There will be a few people who will manage to sell the token at the profit, but most will loose money. Scammers then will provide some fake of preselected "proof" of majority being profitable<br />
|}<br />
<br />
=== Mitigation ===<br />
Most of DM scams heavily rely on social engineering, so are easily avoidable with a bit of common sense. If something looks sketchy it is a scam. There are no lotteries and no giveaways in crypto that would be announced by a direct message.<br />
<br />
Nobody who is legit under no circumstances would ever ask you to provide a private key, seed phrase or any kind of personal info ever. Never share your screen with anyone you don't know.<br />
<br />
Never sign anything with your wallet where you are not sure what it is.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Direct_message_scams&diff=1613Direct message scams2022-05-03T15:11:25Z<p>AS42: added pump and dump section</p>
<hr />
<div>Direct message (DM) scam, one of the most common types of [[Crypto Scams|crypto scams]], where attacker tries to socially engineer a victim to send them funds, extract information like wallet seed phrase/private key or install malware. Common on any social network or messaging platform, but mostly affected is Discord at the time of writing.<br />
<br />
=== '''Types of direct message scams''' ===<br />
{| class="wikitable"<br />
!Name<br />
!Description<br />
|-<br />
|'''Crypto Giveaway/Lottery'''<br />
|Victim receives a message about a win in a crypto lottery or a giveaway but in order to receive it they have to pay or send a small amount of crypto to a scammer first<br />
|-<br />
|'''NFT Giveaway'''<br />
|Victim receives a message with an invite to a fake server of a popular NFT collection promising a giveaway<br />
|-<br />
|'''NFT/Crypto token launch'''<br />
|Victim receives a message from a scammer pretending to be an official notification of a NFT/Crypto protocol, informing about a NFT/token launch. Message usually contains a link to a fake website, where victim is encouraged to buy a fake NFT or a token<br />
|-<br />
|'''Celebrity impersonation'''<br />
|Scammer pretends to be an influencer or someone from the staff of the crypto protocol using same name and picture as a real person and asks for help to transfer funds to an exchange or something similar<br />
|-<br />
|'''Support impersonation'''<br />
|User of the protocol comes to a group chat/discord server asking for some technical help. Scammer is monitoring the chat and DMs the victim offering to help. In most cases asks to provide a seed phrase, a private key or to asks a user to share a screen leading to exposure of the private keys<br />
|-<br />
|'''Protocol upgrade'''<br />
|Victim receives a message about a protocol upgrade from a scammer pretending to be a notifications bot, who then directs the victim to install some kind of [[malware]]<br />
|-<br />
|'''A "friendly" person'''<br />
|Scammer is pretending to be friendly asking questions about crypto or NFTs but then drops a link to some website which either asks user to input their private key or asks to sign a message with their wallet which then results in a drain of funds<br />
|-<br />
|'''Pump and dump group invite'''<br />
|Victim receives an invite to a "Pump and dump" group (naming usually involves a word "pump"). After the scammers gather enough people, they coordinate all participants of the group to purchase some specific low cap/low volume token. The trick is that they pre-purchase the selected token before the pump and sell as soon as the participants of the group buy. There will be a few people who will manage to sell the token at the profit, but most will loose money. Scammers then will provide some fake of preselected "proof" of majority being profitable.<br />
|}<br />
<br />
=== Mitigation ===<br />
Most of DM scams heavily rely on social engineering, so are easily avoidable with a bit of common sense. If something looks sketchy it is a scam. There are no lotteries and no giveaways in crypto that would be announced by a direct message.<br />
<br />
Nobody who is legit under no circumstances would ever ask you to provide a private key, seed phrase or any kind of personal info ever. Never share your screen with anyone you don't know.<br />
<br />
Never sign anything with your wallet where you are not sure what it is.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1611Vesting2022-05-03T14:56:38Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months and will be implemented using smart contracts.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation same as the first example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1608Vesting2022-05-03T14:34:25Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months and will be implemented using smart contracts.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation same as the example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1607Vesting2022-05-03T14:16:43Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation same as the example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1606Vesting2022-05-03T14:14:48Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation same as the example above.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1605Vesting2022-05-03T14:13:48Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1604Vesting2022-05-03T14:13:21Z<p>AS42: typos</p>
<hr />
<div>Vesting is a mechanism of token unlock in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well for the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
<br />
<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Tokenomics&diff=1603Tokenomics2022-05-03T14:10:36Z<p>AS42: added a link</p>
<hr />
<div>Tokenomics (token + economics) a term to describe the economy of a token. Includes metrics as token supply, its inflation/deflation, allocations, [[vesting]], unlocks, etc.<br />
<br />
=== References: ===<br />
https://every.to/almanack/tokenomics-101 (describes some practical examples in more detail)<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1602Vesting2022-05-03T14:07:48Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well as for the tokens of the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting schedule in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
=== Cliff ===<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch. Also a cliff is called a cliff because it looks like an actual cliff if a vesting schedule were a mountain (see in a second example bellow).<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
<br />
<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1601Vesting2022-05-03T13:58:36Z<p>AS42: changed formatting, otherwise picture paragraphing seems to be messed up</p>
<hr />
<div>Vesting is a mechanism in [[tokenomics]] that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well as for the tokens of the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch.<br />
<br />
=== Vesting Examples ===<br />
{| class="wikitable"<br />
|+<br />
!'''Examples'''<br />
!Description<br />
!Graph<br />
|-<br />
|'''4 year linear vesting'''<br />
|Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
<br />
<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
|[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
|-<br />
|'''4 year linear vesting with a 1 year cliff'''<br />
|Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
|[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|356x356px|4 year linear vesting with a 1 year cliff]]<br />
|}<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=File:4_year_linear_vesting_with_a_1_year_cliff.png&diff=1600File:4 year linear vesting with a 1 year cliff.png2022-05-03T13:56:22Z<p>AS42: AS42 reverted File:4 year linear vesting with a 1 year cliff.png to an old version</p>
<hr />
<div>simple example of a 4 year linear vesting with a 1 year cliff</div>AS42https://wiki.defillama.com/w/index.php?title=File:4_year_linear_vesting_with_a_1_year_cliff.png&diff=1599File:4 year linear vesting with a 1 year cliff.png2022-05-03T13:56:08Z<p>AS42: AS42 reverted File:4 year linear vesting with a 1 year cliff.png to an old version</p>
<hr />
<div>simple example of a 4 year linear vesting with a 1 year cliff</div>AS42https://wiki.defillama.com/w/index.php?title=File:4_year_linear_vesting_with_a_1_year_cliff.png&diff=1598File:4 year linear vesting with a 1 year cliff.png2022-05-03T13:55:28Z<p>AS42: AS42 uploaded a new version of File:4 year linear vesting with a 1 year cliff.png</p>
<hr />
<div>simple example of a 4 year linear vesting with a 1 year cliff</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1596Vesting2022-05-03T13:41:20Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well as for the tokens of the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch.<br />
<br />
=== Vesting Examples ===<br />
'''Example 1 (4 year linear vesting)'''<br />
<br />
Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
'''Example 2 (4 year linear vesting with a 1 year cliff)'''<br />
<br />
Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|4 year linear vesting with a 1 year cliff]]<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1595Vesting2022-05-03T13:40:14Z<p>AS42: </p>
<hr />
<div>Vesting is a mechanism that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well as for the tokens of the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch.<br />
<br />
=== Vesting Examples ===<br />
'''Example 1 (4 year linear vesting)'''<br />
<br />
Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
'''Example 2 (4 year linear vesting with a 1 year cliff)'''<br />
<br />
Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|4 year linear vesting with a 1 year cliff]]<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1594Vesting2022-05-03T13:39:41Z<p>AS42: formatting</p>
<hr />
<div>Vesting is a mechanism that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well as for the tokens of the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch.<br />
<br />
=== Vesting Examples ===<br />
'''Example 1 (4 year linear vesting)'''<br />
<br />
Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
'''Example 2 (4 year linear vesting with a 1 year cliff)'''<br />
<br />
Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|4 year linear vesting with a 1 year cliff]]<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Vesting&diff=1593Vesting2022-05-03T13:38:47Z<p>AS42: added a page</p>
<hr />
<div>Vesting is a mechanism that delays full distribution of a token or a coin by releasing small amounts of it over a larger period of time.<br />
<br />
Usually projects will implement some kind of vesting for the allocation of tokens of early investors (VCs, early backers, advisors), as well as for the tokens of the protocol development team. It incentivises investors and teams to stay focused on making project a success over a longer period of time (in contrast where the team or investors can dump all of their tokens right after the public sale and just walk away).<br />
<br />
Most usual vesting in a decent project will be 2-4 years with a cliff of 6-12 months.<br />
<br />
A cliff or vesting with a cliff adds a delay to the initial access to the token. It removes some of the sale side pressure in the initial stages of a token launch.<br />
<br />
=== Vesting Examples ===<br />
'''Example 1 (4 year linear vesting)'''<br />
<br />
Project A raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule.<br />
[[File:Linear vesting example.png|left|thumb|355x355px|4 year linear vesting]]<br />
Meaning that through the first year investors will be gradually getting 25% of their token allocation, second year another 25% making it 50% in total and so on.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
'''Example 2 (4 year linear vesting with a 1 year cliff)'''<br />
<br />
Project B raises money from investors in exchange for the some amount of tokens with a 4 year linear vesting schedule with a 1 year cliff.<br />
[[File:4 year linear vesting with a 1 year cliff.png|left|thumb|4 year linear vesting with a 1 year cliff]]<br />
<br />
<br />
Meaning that investors will be able to access 25% of their token allocation only at the end of the first year, from that moment they will be getting a gradual linear allocation similar to Example 1.<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=File:4_year_linear_vesting_with_a_1_year_cliff.png&diff=1592File:4 year linear vesting with a 1 year cliff.png2022-05-03T13:28:39Z<p>AS42: </p>
<hr />
<div>simple example of a 4 year linear vesting with a 1 year cliff</div>AS42https://wiki.defillama.com/w/index.php?title=File:Linear_vesting_example.png&diff=1591File:Linear vesting example.png2022-05-03T12:56:23Z<p>AS42: </p>
<hr />
<div>simple 4 year linear vesting example</div>AS42https://wiki.defillama.com/w/index.php?title=Tokenomics&diff=1278Tokenomics2022-04-29T12:42:26Z<p>AS42: created the page</p>
<hr />
<div>Tokenomics (token + economics) a term to describe the economy of a token. Includes metrics as token supply, its inflation/deflation, allocations, vesting, unlocks, etc.<br />
<br />
=== References: ===<br />
https://every.to/almanack/tokenomics-101 (describes some practical examples in more detail)</div>AS42https://wiki.defillama.com/w/index.php?title=Code_is_law&diff=1277Code is law2022-04-29T12:26:53Z<p>AS42: </p>
<hr />
<div>Code is law describes a set of ideas or ideals that advocate for a removal of any social law or consensus within a digital realm, striving for the world in which code is perfect and the only way to morally access actions of consciousness is code. If code allows it, it is allowed no matter by design or not.<br />
<br />
In crypto it is usually brought into discussions around [[exploits]] to justify actions of a hacker or to condemn a badly written code.<br />
[[Category:Ideology]]</div>AS42https://wiki.defillama.com/w/index.php?title=Scam&diff=1276Scam2022-04-29T12:25:26Z<p>AS42: added links</p>
<hr />
<div>A scheme that is designed to dupe people out of cash or crypto.<br />
<br />
For more detailed overview:<br />
<br />
* [[Crypto Scams]]<br />
* [[Exploits]]<br />
<br />
== Sources: ==<br />
https://coinmarketcap.com/alexandria/glossary/scam<br />
[[Category:Glossary]]</div>AS42https://wiki.defillama.com/w/index.php?title=Scam_posts&diff=1275Scam posts2022-04-29T12:17:44Z<p>AS42: added a link</p>
<hr />
<div>Scam posts or indirect scam messages (ISM) are type of social engineering [[Crypto Scams|crypto scams]] that are mostly prevalent on open social networks like reddit or twitter. <br />
<br />
Scammer usually posts a message pretending to be an influencer or someone popular, promising an [[airdrop]] or a win in a lottery leading a victim to a 3rd party website where they are either asked to pay a small fee in order to receive their winnings or are exploited in some other way.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Scam_posts&diff=1274Scam posts2022-04-29T12:14:51Z<p>AS42: </p>
<hr />
<div>Scam posts or indirect scam messages (ISM) are type of social engineering [[Crypto Scams|crypto scams]] that are mostly prevalent on open social networks like reddit or twitter. <br />
<br />
Scammer usually posts a message pretending to be an influencer or someone popular, promising an Airdrop or a win in a lottery leading a victim to a 3rd party website where they are either asked to pay a small fee in order to receive their winnings or are exploited in some other way.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Crypto_Scams&diff=1273Crypto Scams2022-04-29T12:13:51Z<p>AS42: </p>
<hr />
<div>Crypto scam describe a way or a set of social engineering techniques for a malicious actor to extract mone from a less vigilant crypto user.<br />
<br />
There are plenty of scams in the free land of crypto and most of them involve some kind of social engineering. In most cases attacker tries to create a sense of urgency, so the victim acts fast without time to think and rationally access the situation.<br />
<br />
Best way to avoid any kind of scam is to remember that if something is too good to be true its most likely a scam.<br />
<br />
<br />
'''Categories of Crypto Scams:'''<br />
<br />
* [[Direct message scams]]<br />
*[[Scam posts]]<br />
* [[Internet search ad scam|Internet search ad scams]]<br />
* [[Token sale scam (rugpull)|Token sale scams (rugpull)]]<br />
* [[NFT exchange scam|NFT exchange scams]]<br />
* [[NFT market bid scam|NFT market bid scams]]<br />
<br />
[[Category:Scam]]<br />
[[Category:Exploit]]</div>AS42https://wiki.defillama.com/w/index.php?title=Scam_posts&diff=1272Scam posts2022-04-29T12:12:51Z<p>AS42: </p>
<hr />
<div>Scam posts or indirect scam messages (ISM) are type of social engineering [[Crypto Scams|crypto scams]] that are mostly prevalent on open social networks like reddit or twitter. <br />
<br />
Scammer usually posts a message pretends to be an influencer or someone popular, promising an Airdrop or a win in a lottery leading a victim to a 3rd party website where they are either asked to pay a small fee in order to receive their winnings or are exploited in some other way.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Scam_posts&diff=1271Scam posts2022-04-29T12:11:13Z<p>AS42: added a page</p>
<hr />
<div>Scam posts or indirect scam messages (ISM) are mostly prevalent on open social networks like reddit or twitter. <br />
<br />
Scammer usually pretends to be an influencer or someone popular, promising an Airdrop or a win in a lottery leading a victim to a 3rd party website where they are either asked to pay a small fee in order to receive their winnings or are exploited in some other way.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Crypto_Scams&diff=1270Crypto Scams2022-04-29T12:00:03Z<p>AS42: added scam posts</p>
<hr />
<div>Crypto scam describe a way or a set of techniques for a malicious actor to extract mone from a less vigilant crypto user.<br />
<br />
There are plenty of scams in the free land of crypto and most of them involve some kind of social engineering. In most cases attacker tries to create a sense of urgency, so the victim acts fast without time to think and rationally access the situation.<br />
<br />
Best way to avoid any kind of scam is to remember that if something is too good to be true its most likely a scam.<br />
<br />
<br />
'''Categories of Crypto Scams:'''<br />
<br />
* [[Direct message scams]]<br />
*Scam posts<br />
* [[Internet search ad scam|Internet search ad scams]]<br />
* [[Token sale scam (rugpull)|Token sale scams (rugpull)]]<br />
* [[NFT exchange scam|NFT exchange scams]]<br />
* [[NFT market bid scam|NFT market bid scams]]<br />
<br />
[[Category:Scam]]<br />
[[Category:Exploit]]</div>AS42https://wiki.defillama.com/w/index.php?title=Direct_message_scams&diff=1268Direct message scams2022-04-29T11:55:52Z<p>AS42: added token launch scam group</p>
<hr />
<div>Direct message (DM) scam, one of the most common types of [[Crypto Scams|crypto scams]], where attacker tries to socially engineer a victim to send them funds, extract information like wallet seed phrase/private key or install malware. Common on any social network or messaging platform, but mostly affected is Discord at the time of writing.<br />
<br />
=== '''Types of direct message scams''' ===<br />
{| class="wikitable"<br />
!Name<br />
!Description<br />
|-<br />
|'''Crypto Giveaway/Lottery'''<br />
|Victim receives a message about a win in a crypto lottery or a giveaway but in order to receive it they have to pay or send a small amount of crypto to a scammer first<br />
|-<br />
|'''NFT Giveaway'''<br />
|Victim receives a message with an invite to a fake server of a popular NFT collection promising a giveaway<br />
|-<br />
|'''NFT/Crypto token launch'''<br />
|Victim receives a message from a scammer pretending to be an official notification of a NFT/Crypto protocol, informing about a NFT/token launch. Message usually contains a link to a fake website, where victim is encouraged to buy a fake NFT or a token<br />
|-<br />
|'''Celebrity impersonation'''<br />
|Scammer pretends to be an influencer or someone from the staff of the crypto protocol using same name and picture as a real person and asks for help to transfer funds to an exchange or something similar<br />
|-<br />
|'''Support impersonation'''<br />
|User of the protocol comes to a group chat/discord server asking for some technical help. Scammer is monitoring the chat and DMs the victim offering to help. In most cases asks to provide a seed phrase, a private key or to asks a user to share a screen leading to exposure of the private keys<br />
|-<br />
|'''Protocol upgrade'''<br />
|Victim receives a message about a protocol upgrade from a scammer pretending to be a notifications bot, who then directs the victim to install some kind of [[malware]]<br />
|-<br />
|'''A "friendly" person'''<br />
|Scammer is pretending to be friendly asking questions about crypto or NFTs but then drops a link to some website which either asks user to input their private key or asks to sign a message with their wallet which then results in a drain of funds<br />
|}<br />
<br />
=== Mitigation ===<br />
Most of DM scams heavily rely on social engineering, so are easily avoidable with a bit of common sense. If something looks sketchy it is a scam. There are no lotteries and no giveaways in crypto that would be announced by a direct message.<br />
<br />
Nobody who is legit under no circumstances would ever ask you to provide a private key, seed phrase or any kind of personal info ever. Never share your screen with anyone you don't know.<br />
<br />
Never sign anything with your wallet where you are not sure what it is.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Bridge&diff=1235Bridge2022-04-29T10:31:09Z<p>AS42: added Hop</p>
<hr />
<div>A blockchain bridge connects two blockchain ecosystems. Bridges facilitate communication between blockchains through the transfer of information and assets<ref>https://ethereum.org/en/bridges/</ref><br />
<br />
== Links to Different Bridges ==<br />
[https://anyswap.exchange/#/router Anyswap] is one of the more popular options. It is available across many different networks and allows for routing and bridging. <br />
<br />
[https://bridge.arbitrum.io/ Arbitrum Bridge] is available to help bridge tokens to the [[Arbitrum]] Network<br />
<br />
[https://bridge.avax.network/ Avalanche Bridge] is available for bridging tokens to the [[Avalanche]] Network<br />
<br />
[https://hyphen.biconomy.io/bridge Hyphen] allows bridging across [[Ethereum]], [[Avalanche]] and [[Polygon]]<br />
<br />
[https://www.bungee.exchange/ Bungee] allows bridging across many different [[EVM]] compatible chains<br />
<br />
[https://cbridge.celer.network/#/transfer Celer cBridge] supports transfers across many different chains<br />
<br />
[https://app.elk.finance/#/elknet Elk Finance] supports transfers across many different chains<br />
<br />
[https://bridge.harmony.one/ Harmony Bridge] is maintained by the [[Harmony]] team and supports a few different [[EVM]] Chains<br />
<br />
[https://hop.exchange/ Hop] allows bridging across couple of different [[EVM]] compatible chains (good option for Gnosis transfers)<br />
<br />
[https://www.kcc.io/bridge/ KCC Bridge] is for [[KuCoin]]<br />
<br />
[https://www.layerswap.io/ LayerSwap] allows for transfers directly from [[CEX]] like [[Binance]], [[Coinbase]] and [[FTX]]<br />
<br />
[https://bridge.metis.io/home Metis Bridge] is for transfers to and from [[Metis]], an Ethereum [[Layer 2]] Network<br />
<br />
[https://multichain.xyz/ MultiChain] is one of the more popular bridges. It supports many different chains and networks.<br />
<br />
[https://omni.xdaichain.com/bridge OmniBridge] is for [[Gnosis Chain]] <br />
<br />
[https://optics.app/ Optics] is for [[Celo]]<br />
<br />
[https://www.optimism.io/apps/bridges Optimism Bridge] is for [[Optimism]], an Ethereum Layer 2 Network<br />
<br />
[https://wallet.polygon.technology/ Polygon Bridge] is for [[Polygon]] Network<br />
<br />
[https://rainbowbridge.app/ Rainbow Bridge] is for [[NEAR]]<br />
<br />
[https://bridge.roninchain.com/ Ronin Bridge] is for [[Ronin Network]]<br />
<br />
[https://bridge.scrt.network/ SCRT Bridge] is for [[Secret Network]]<br />
<br />
[https://smartbch.org/ SmartBCH] is for [[Binance Chain]]<br />
<br />
[https://synapseprotocol.com/ Synapse] is one of the more popular options and offers compatibility with many different chains and tokens.<br />
<br />
[https://bridge.terra.money/ Terra Bridge] is for [[Terra]]<br />
<br />
[https://portalbridge.com/#/transfer Wormhole] supports a few different chains and is most popular for use with [[Solana]]<br />
<br />
== See More ==<br />
[https://blockscan.com/ Blockscan] has a nice list of bridges on their site [https://blockscan.com/bridges here]<br />
<references /><br />
[[Category:Bridging]]</div>AS42https://wiki.defillama.com/w/index.php?title=Exploits&diff=1227Exploits2022-04-29T10:13:57Z<p>AS42: </p>
<hr />
<div>Exploit or a crypto exploit/hack describes a way for a 3rd party to extract value from a protocol or person using more technical means (in contrast to social engineering in [[Crypto Scams|crypto scams]]).<br />
<br />
Most exploits can be described as malicious, but not all exploits are malicious (see: [[Code is law|"Code is law"]]).<br />
{| class="wikitable"<br />
|+Most common types of exploits<br />
!Name<br />
!Description<br />
|-<br />
|Wallet drain<br />
|Victim is socially engineered into approving his wallet funds to be spent by a contract, which then drains the approved tokens from the victims wallet<br />
|-<br />
|Contract drain<br />
|Usually caused by vulnerability in the contracts code, which allows the attacker to drain funds from the contracts address (often leveraging [[Flash loan|flash loans]])<br />
|-<br />
|etc<br />
|<br />
|}<br />
<br />
=== Resources ===<br />
To explore history and details on hacks and exploits:<br />
<br />
https://rekt.news/leaderboard/ (a leaderboard of biggest hacks/exploits in crypto space)<br />
<br />
https://twitter.com/zachxbt (on-chain detective, exposing some of the hackers and scammers) <br />
<br />
[[Category:Exploit]]</div>AS42https://wiki.defillama.com/w/index.php?title=Exploits&diff=1226Exploits2022-04-29T10:09:15Z<p>AS42: added couple of exploit types and resources</p>
<hr />
<div>Exploit or a crypto exploit/hack describes a way for a 3rd party to extract value from a protocol or person using more technical means (in contrast to social engineering in [[Crypto Scams|crypto scams]]).<br />
<br />
Most exploits can be described as malicious, but not all exploits are malicious (see: [[Code is law|"Code is law"]]).<br />
{| class="wikitable"<br />
|+Most common types of exploits<br />
!Name<br />
!Description<br />
|-<br />
|Wallet drain<br />
|Victim is socially engineered into approving his wallet funds to be spent by a contract, which then drains the approved tokens from the victims wallet<br />
|-<br />
|Contract drain<br />
|Usually caused by vulnerability in the contracts code, which allows the attacker to drain funds from the contracts address (often leveraging [[Flash loan|flash loans]])<br />
|-<br />
|etc<br />
|<br />
|}<br />
<br />
=== Resources ===<br />
To explore history and details on hacks and exploits:<br />
<br />
https://rekt.news/leaderboard/ (a leaderboard of biggest hacks/exploits in crypto space)<br />
<br />
https://twitter.com/zachxbt <br />
<br />
[[Category:Exploit]]</div>AS42https://wiki.defillama.com/w/index.php?title=Direct_message_scams&diff=1222Direct message scams2022-04-29T09:53:57Z<p>AS42: linked a word</p>
<hr />
<div>Direct message (DM) scam, one of the most common types of [[Crypto Scams|crypto scams]], where attacker tries to socially engineer a victim to send them funds, extract information like wallet seed phrase/private key or install malware. Common on any social network or messaging platform, but mostly affected is Discord at the time of writing.<br />
<br />
=== '''Types of direct message scams''' ===<br />
{| class="wikitable"<br />
!Name<br />
!Description<br />
|-<br />
|'''Crypto Giveaway/Lottery'''<br />
|Victim receives a message about a win in a crypto lottery or a giveaway but in order to receive it they have to pay or send a small amount of crypto to a scammer first<br />
|-<br />
|'''NFT Giveaway'''<br />
|Victim receives a message with an invite to a fake server of a popular NFT collection promising a giveaway<br />
|-<br />
|'''Celebrity impersonation'''<br />
|Scammer pretends to be an influencer or someone from the staff of the crypto protocol using same name and picture as a real person and asks for help to transfer funds to an exchange or something similar<br />
|-<br />
|'''Support impersonation'''<br />
|User of the protocol comes to a group chat/discord server asking for some technical help. Scammer is monitoring the chat and DMs the victim offering to help. In most cases asks to provide a seed phrase, a private key or to asks a user to share a screen leading to exposure of the private keys<br />
|-<br />
|'''Protocol upgrade'''<br />
|Victim receives a message about a protocol upgrade from a scammer pretending to be a notifications bot, who then directs the victim to install some kind of [[malware]]<br />
|-<br />
|'''A "friendly" person'''<br />
|Scammer is pretending to be friendly asking questions about crypto or NFTs but then drops a link to some website which either asks user to input their private key or asks to sign a message with their wallet which then results in a drain of funds<br />
|}<br />
<br />
=== Mitigation ===<br />
Most of DM scams heavily rely on social engineering, so are easily avoidable with a bit of common sense. If something looks sketchy it is a scam. There are no lotteries and no giveaways in crypto that would be announced by a direct message.<br />
<br />
Nobody who is legit under no circumstances would ever ask you to provide a private key, seed phrase or any kind of personal info ever. Never share your screen with anyone you don't know.<br />
<br />
Never sign anything with your wallet where you are not sure what it is.<br />
[[Category:Scam]]</div>AS42https://wiki.defillama.com/w/index.php?title=Exploits&diff=1221Exploits2022-04-29T09:52:35Z<p>AS42: added a link</p>
<hr />
<div>Exploit or a crypto exploit describes a way for a 3rd party to extract value from a protocol or person using more technical means (in contrast to social engineering in [[Crypto Scams|crypto scams]]).<br />
<br />
Most exploits can be described as malicious, but not all exploits are malicious (see: [[Code is law|"Code is law"]]).<br />
{| class="wikitable"<br />
|+<br />
!Name<br />
!Description<br />
|-<br />
|Wallet drain<br />
|<br />
|-<br />
|Contract drain<br />
|<br />
|-<br />
|<br />
|<br />
|}<br />
[[Category:Exploit]]</div>AS42https://wiki.defillama.com/w/index.php?title=Code_is_law&diff=1220Code is law2022-04-29T09:51:23Z<p>AS42: added a page and a new category</p>
<hr />
<div>Code is law describes a set of ideas or ideals that advocate for a removal of any social law or consensus within a digital realm, striving for the world in which code is perfect and the only way to morally access actions of consciousness is code. If code allows it, it is allowed no matter by design or not.<br />
<br />
In crypto it is usually brought into discussions around [[exploits]] to justify actions of a hacker or to condemn a bad written code.<br />
[[Category:Ideology]]</div>AS42https://wiki.defillama.com/w/index.php?title=Exploits&diff=1219Exploits2022-04-29T09:37:46Z<p>AS42: added a page</p>
<hr />
<div>Exploit or a crypto exploit describes a way for a 3rd party to extract value from a protocol or person using more technical means (in contrast to social engineering in [[Crypto Scams|crypto scams]]).<br />
<br />
Most exploits can be described as malicious, but not all exploits are malicious (see "Code is law").<br />
{| class="wikitable"<br />
|+<br />
!Name<br />
!Description<br />
|-<br />
|Wallet drain<br />
|<br />
|-<br />
|Contract drain<br />
|<br />
|-<br />
|<br />
|<br />
|}<br />
[[Category:Exploit]]</div>AS42https://wiki.defillama.com/w/index.php?title=Flash_loan&diff=1212Flash loan2022-04-29T09:18:49Z<p>AS42: created a placeholder for a future article, just need a link to this one</p>
<hr />
<div>Wen a mev femboi wants to make some big mone he goes to some lending protocol and takes a loan out for a duration of 1 block, very fast, therefore flash loan.<br />
[[Category:Lending]]</div>AS42https://wiki.defillama.com/w/index.php?title=Crypto_Scams&diff=1211Crypto Scams2022-04-29T09:08:44Z<p>AS42: added links to articles</p>
<hr />
<div>Crypto scam describe a way or a set of techniques for a malicious actor to extract mone from a less vigilant crypto user.<br />
<br />
There are plenty of scams in the free land of crypto and most of them involve some kind of social engineering. In most cases attacker tries to create a sense of urgency, so the victim acts fast without time to think and rationally access the situation.<br />
<br />
Best way to avoid any kind of scam is to remember that if something is too good to be true its most likely a scam.<br />
<br />
<br />
'''Categories of Crypto Scams:'''<br />
<br />
* [[Direct message scams]]<br />
* [[Internet search ad scam|Internet search ad scams]]<br />
* [[Token sale scam (rugpull)|Token sale scams (rugpull)]]<br />
* [[NFT exchange scam|NFT exchange scams]]<br />
* [[NFT market bid scam|NFT market bid scams]]<br />
<br />
[[Category:Scam]]<br />
[[Category:Exploit]]</div>AS42