Money 2.0 Stuff: Does your threat model account for Justin Sun?

BlockchainsMarch 3, 2020, 6:59AM EST
UPDATED: March 14, 2022, 5:01PM EDT
Money 2.0 Stuff: Does your threat model account for Justin Sun?
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A couple of months ago a Brooklyn-based startup sold some socks on the Internet, which I imagine is just about par for the course for Brooklyn-based startups. There was nothing particularly unique about the socks themselves, aside, perhaps, from the constant product equation-y-inspired design. Also, the socks go up quite high on the leg, German-style, which I guess is sort of noteworthy. But aside from those two things, there's nothing particularly novel about the socks. 

The curious thing about these socks is how they were sold. There is a finite supply of socks. The exchange venue is a Uniswap liquidity pool, with each purchase and sale pushing the marginal price of each sock asymptotically up and down. The liquidity provider earns 0.3% on each trade. 

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