At the outset, blockchain technology may seem confusing or downright unnerving to lawyers, even those who are masters at learning and applying new information to their practice, but I’m here to explain that this technology won’t fundamentally change many of the concepts we’re used to in the legal profession. This…

‍What is Ethereum, and how is its token (ETH) used? Ethereum is a layer-1 blockchain designed to provide both the transactional and value-store properties of cryptocurrency along with the added functionality of smart contracts, a concept established by Nick Szabo in 1994 and developed further in 1996. Smart contracts have been used to deploy DeFi solutions, DAO (Decentralized Autonomous Organization)…

This post originally appeared on the Figment blog here. Introduction: XCM (the “message format”) vs. XCMP (a “specialized protocol”) In order to understand XCMP, it must be differentiated from XCM. When referring to XCM (i.e. “Cross-Consensus Messaging”), we refer to the general format in which XCMP (“Cross-Chain Message Passing”) is written. The primary stated goal of XCM is to flexibly…

This article was written by me, and originally appeared on the Figment blog at https://www.figment.io/resources/terra-update-the-spiral on May 13, 2022. This week, a coordinated selloff from a single large address (referred to as a “whale”) created downward pressure on the market, which resulted in a flood of subsequent sales of UST…

How to Be Informed When Voting for the OSMO Canonical Bridge — A major step towards an interchain future has been taken with the recently submitted Osmosis proposals to decide on the Canonical Ethereum Bridge Service Provider (BSP). The BSP will enable Osmosis to integrate assets on the Ethereum network and hopefully other chains in the future. …

Their Place on the Legal Spectrum and Associated Traits — This post originally appeared on Mirror. The following is a guest post by J. Mason Bump, a web3 attorney, LexDAO guild member, and KALI contributor. KALI provides tooling through a Series LLC formation that hosts sub-LLCs and allows users to instantly create an LLC with its own liability protections and…

Permissionless & Fully Customizable Fixed-Income — The fixed-income corner of DeFi just got a major boost with Sense Finance going live on restricted mainnet. For the uninitiated, Sense.Finance is decentralized and permissionless infrastructure. Here teams can build and develop new yield primitives for DeFi, such as fixed income tokens, yield tokens, and other custom re-divisions of…

This article originally appeared on the Figment.io blog on January 18, 2022. ‍‍What is ION and Why Does It Exist? From the start, $ION seemed to be a sort of “living fossil” leftover from the code of the Osmosis testnet, “an enigma embedded in the genesis file” which was included in the mainnet launch of Osmosis. …

This article originally appeared on the Figment.io blog on March 2, 2022 here. Recently, Terra broke through to become the 2nd largest Proof of Stake (“PoS”) network by staked market cap, overtaking the Ethereum Beacon Chain (a.k.a. “Ethereum 2.0”) in the process. Earlier this year, it overtook Binance Smart Chain…