Longevity in 24 Tweets: Inverse.Finance Boost

Featuring 24 Tweets over a 48-hour period, Inverse.Finance’s social media presence reads like a decentralized finance (DeFi) startup story in hyperdrive.

Over its short life the new protocol has attracted $ 4.3 million in total lock-in value (a figure that seems to be rising as fast as solo developer Nour Haridy can build the hardcap), attracting investors with the promise of a tolerant ETH on DAI – benefits driven by upcoming early access Yearn.Finance, v2 cellars with yield.

More striking than the TVL figure is the speed with which Haridy appears to be progressing through the critical levels we have seen from previous DeFi protocols. After telling the world on Dec. 17 that he was working on a “new lego currency,” Haridy has easily jumped through his initial project through a number of circles: launching new WBTC and YFI cellars, announcing token management, and a retweet from DeFi maestro Andre Cronje himself.

In particular, Haridy has invited hackers to test the protocol for potential smart contract benefits – a notable ritual for much of a protocol – hoping to remove them at the passes with what it promises to be a generous bounty:

Everything from that protocol no logo yet.

To get a better sense of the incredible growth of Inverse.Finance, we sat down with Haridy to discuss his progress, the future of the protocol, and what it’s like to support the start of DeFi one -duine. Where he’s a warm, brutal founder squirting hot air, Haridy is thoughtful, preaching warnings from investors and dismissing suggestions. After the interview, it was clear that if DeFi is able to attract more developers like Haridy, the young vertical is steered in the right direction.

New Lego

Cointelegraph: Who are you, and who are you working on?

Haridy: I have been working as a dev in the Ethereum space for the last few years. As well as built Dai smart wallets without gas, such as Metacash and Mosendo. Currently I only work on Inverse.Finance. I think it has a lot of potential in addition to the current simple MVP design.

CT: What were your last 48 hours like?

Haridy: I’ve been working on Inverse for the past two weeks. The last 48 hours were no different. Just pushing updates, picking up the investment cap every day, getting feedback from a small community of 200 in a Telegram chat. Until Andre returned without hesitation

CT: Internal finance – why not a food name? What does it mean for you? What will be the logo?

Haridy: I think food tokens tend to rely heavily on meme power because their outcome is usually lackluster or unstable. I don’t want to send that message about Inverse to other people.

CT: This tweet it was very funny. How would you describe the interest before and after Andre?

Haridy: The whole post – Andre project is going to be honest. I first reached out to him on Telegram when I had just written the contract and he was very pleased and said he would check it out. That was my first impression of a product test that led me to launch it publicly. But yeah, I wasn’t ready for all the hype that followed his retweet. I really appreciate the publication even though it has been incredibly bold.

CT: What was it like working with the YFI team?

Haridy: Just to be clear I am not part of the YFI team. I just hang around in their cat. They were just bleaching Inverse to use their V2 cellars early. And they have been very helpful with integration and helped revise my code and suggested very important changes.

CT: You already need higher goose limits for certain cellars. Why are people so happy about your project?

Haridy: Because Andre tweeted about it. Some say it’s Andre’s medal. Some people have missed out on successful Andre performances and are desperate to make up for it.

CT: As we speak you are putting together a management signal. You seemed to want to avoid that model – why?

Haridy: I am very concerned that people may trade the signal recklessly. I do my best to avoid that but there is so little that can be done. Management, on the other hand, is the only way to align incentives with the early community to keep around and help and also distribute power that I only currently have.

CT: You were openly looking for hackers to THA step out of the way, and you are trying to get coverage for the protocol through Cover. This early Twitter feed is in many ways a plan for other devs… on purpose, or just an overnight startup mania?

Haridy: The last one haha. I had many conversations of people who were unhappy with the decisions I make. Telling me that I am careless and hasty. I tried to think carefully about each idea with the amount of money involved. But at some point I felt like I wanted to do things my way for once.

CT: One-on-one dev putting together a passive investment fund project is nothing short of miraculous, and it really shows the power of money legos. What now for the place?

Haridy: It’s not really big and TVL had a lot bigger projects earlier. But I think it would have grown longer if there hadn’t been a cap at launch. But yeah, this project would have been 10x harder without it having Yearn and Compound to build on. Definitely shows the power of DeFi legos.

I don’t know what’s next for the place but I have a ton of false ideas for trying Inverse in the future. I also think there is great potential to implement more complex automated investment strategies with varying levels of risk in the form of cellars. Yearn is really just the PoC in my opinion.

CT: One-on-one dev putting together a passive investment fund project is nothing short of miraculous, and it really shows your skill and commitment. What’s in it for you?

Haridy: I have only been working on this for 2 weeks so far and have yet to prove my commitment (which I plan to do). I have been working in this place for 4 years so naturally I gained the skill to build a project like this. Nothing supernatural. In the future, I plan to work on expanding the features and products of Inverse very quickly. I want to fly really fast and take everyone out. I also plan to experiment with new on-chain management models. I think we can do better than the current state of governance