Placeholder thesis — Design update — Aliens Exist 👽
There is now over $2 million staked on Erasure. Follow @ErasureBay on Twitter to see new requests. Post your questions for the next Erasure Bay Office Hours.
📜 Placeholder Erasure thesis
“Erasure solves the problem of bad information online.”
— Joel Monegro, Placeholder
Venture capital firm Placeholder published their Erasure thesis. Joel Monegro breaks down the Erasure protocol into its three core elements (payment, recourse, and track record), and explains how these ingredients have combined to build the foundation for the protocol today.
His conclusion?
“It may be that the only way to distinguish good from bad information online comes down to how much value its creator stakes and their track record. That’s the vision of this protocol. And once you understand how it works, and its potential, it’s easy to see how it fits everywhere.”
🎓 Upcoming Office Hours
The next Erasure Bay Office Hours is May 12th at 10am PT. Join the call to ask questions, give feedback, or make feature requests!
Post your questions on Slido and follow Numerai on Twitter or join RocketChat for the link to the video call, which will be shared on Tuesday morning!
In the last office hours, we got a simple explanation of what Erasure Bay is, Richard Craib joined, and we learned about Jonathan’s dream to see a dating app built on Erasure.
👀 Reveal added
Erasure Bay saw its first new feature with the introduction of public reveals for requests.
After a request is fulfilled, you can now choose to reveal the submission to the world, allowing anyone to download the file. To date, 10 requests have been revealed.
🏖️ Frontend facelift
Erasure Bay saw some updates to its frontend to make requesting information smoother:
🤖 Staked on Erasure bot adds DAI
Erasure’s number one fanbot @ErasureStaked updated its regular broadcasts to now include total value staked on Erasure denominated in DAI as well as NMR.
Tracking total DAI locked up in Erasure is one way to roughly gauge activity on Erasure Bay, which currently uses DAI for staking and rewards.
🍇 Protocol stats
Chart and statistics provided by DeFi Pulse as of 8:00 am EST, May 8
Total value locked is equivalent to:
- $2.5M USD
- 11.8k ETH
- 252 BTC
NMR locked:
- 81K
- 0.74% of supply locked
📊 Community-built analytics
The data science specialists at Omni Analytics Group did an in-depth analysis of some Erasure Bay metrics and neatly packaged it into an infographic:
Erasure Bay all-star Klim teamed up with Richard Chen to build an Erasure Bay dashboard on Dune Analytics:
🍕 Most interesting requests
Erasure Bay has seen nearly 200 requests, with 55 coming through in April! Here are some of the most interesting ones:
