Discover and read the best of Twitter Threads about #AnchorProtocol
Most recents (14)
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$USDC to nie $UST
#Circle to nie #TerraFormLabs
Kilka suchych faktów dlaczego w.w. sytuacje są od siebie całkowicie różne.
Zostaw ♥️ i zapraszam do lektury ⬇️
$USDC to nie $UST
#Circle to nie #TerraFormLabs
Kilka suchych faktów dlaczego w.w. sytuacje są od siebie całkowicie różne.
Zostaw ♥️ i zapraszam do lektury ⬇️
1⃣ Różnica w działaniu.
🌑Jak wszyscy dobrze pamiętamy $UST było stablecoinem algorytmicznym, podpartym koszykiem różnych aktywów jak stable, $LUNA, $BTC czy $ETH.
🔵 $USDC jest tokenem podpartym prawdziwym dolarem, wyemitowanym przez podmiot regulowany przez SEC.
🌑Jak wszyscy dobrze pamiętamy $UST było stablecoinem algorytmicznym, podpartym koszykiem różnych aktywów jak stable, $LUNA, $BTC czy $ETH.
🔵 $USDC jest tokenem podpartym prawdziwym dolarem, wyemitowanym przez podmiot regulowany przez SEC.
2⃣ FUD
🌑FUD w kwestii $UST obracał się wokół podparcia niestabilnymi aktywami oraz nadmiernym napływem supply przez #AnchorProtocol
🔵Cały dzisiejszy FUD wokół $USDC opiera się o upadłość banku, w którym #Circle posiadało niecałe ~5% zabezpieczenia dla swojego stablecoina.
2/
🌑FUD w kwestii $UST obracał się wokół podparcia niestabilnymi aktywami oraz nadmiernym napływem supply przez #AnchorProtocol
🔵Cały dzisiejszy FUD wokół $USDC opiera się o upadłość banku, w którym #Circle posiadało niecałe ~5% zabezpieczenia dla swojego stablecoina.
2/
2022 was the victim of many major #crypto crashes, but three of them stood out the most.
#LUNA\#LUNC | #FTX | #CelticFC
Here's a thread! 🧵👇
#LUNA\#LUNC | #FTX | #CelticFC
Here's a thread! 🧵👇
2- Let's start off with the infamous #TerraClassic, which saw its token at the time, $LUNA (now known as $LUNC) crash from $86 to under $0.01 in just 48 hours which caused $LUNA holders to lose a total of $60 Billion.
3- What happened? Well, over $2 Billion #TerraUSD $UST was unstaked from #AnchorProtocol and many millions of dollars swiftly became liquidated.
#TerraClassic still exists to this day and their community of #LUNAtics still believe in its future, but do you?
#TerraClassic still exists to this day and their community of #LUNAtics still believe in its future, but do you?
@CelsiusNetwork - Risk Assessment
- Minimal exp to #UST (Pulled out of #Anchorprotocol early following risk mitigation process)
- No directional exp to #luna
- No forced selling of stETH at discount (withdrawals paused & @Mashinsky stated 'plenty of ETH').
#CelShortSqueeze
1/
- Minimal exp to #UST (Pulled out of #Anchorprotocol early following risk mitigation process)
- No directional exp to #luna
- No forced selling of stETH at discount (withdrawals paused & @Mashinsky stated 'plenty of ETH').
#CelShortSqueeze
1/
ON stETH:
- Current Discount is 5.4% (and closing) on ~$400M-$500M = ~$25M
- Discount represents ~0.25% of $10B in AUM.
- Discount likely has a floor (arbitrageurs/speculators will intervene as PoS date approaches).
- Plenty of FUD online around this low risk exposure.
2/
- Current Discount is 5.4% (and closing) on ~$400M-$500M = ~$25M
- Discount represents ~0.25% of $10B in AUM.
- Discount likely has a floor (arbitrageurs/speculators will intervene as PoS date approaches).
- Plenty of FUD online around this low risk exposure.
2/
- Over-collaterized retail lending (no risk)
- Nearly 100% collaterized institutional lending (including potential loans to #3AC directly or indirectly)
- On-chain borrowing is known & public. Liquidation levels have been lowered/loans repaid (situation stabilized)
3/
- Nearly 100% collaterized institutional lending (including potential loans to #3AC directly or indirectly)
- On-chain borrowing is known & public. Liquidation levels have been lowered/loans repaid (situation stabilized)
3/
اتفاقی که برای شبکه #Terra و دو توکن #LUNA و #UST افتاد از اون دست اتفاقاتیه که آینده همه بهش ارجاع می‌دیم و از عوامل مهم ریزش قیمت #بیت_کوین تو سال 2022 تو ذهنمون ثبت می‌شه، کرمی که اینجور مواقع دارم اینه که ببینم چرا اینجوری شده و ازش چی می‌تونم یاد بگیرم؟
تو این مقاله بچه‌ها تقریبا پیش از همه این اتفاقات تلخ، هشدار داده بودن که این اکوسیستم نمی‌تونه با این سیاست عمر طولانی داشته باشه که خوندش رو حتما پیشنهاد می‌کنم بهتون
mihanblockchain.com/ust-hyper-grow…
mihanblockchain.com/ust-hyper-grow…
اکوسیستم ترا به دنبال پیاده سازی استیبل‌کوین الگوریتمی و با پشتوانه کریپتویی (البته به شکل الگوریتمی)، ترا استیبل‌کوین‌ها رو عرضه کرد که مهمترینش هم UST به عنوان استیبل کوین پگ شده با دلار امریکا بود. مکانیزم این استیبل کوین هم خیلی ساده و شفاف بود:
Spiegazione dell'attacco su $UST e $LUNA in cascata. Post tecnico, statemi dietro non è facile: la prima mossa è stata ottenere 100.000 #Bitcoin in prestito. Viene creata una posizione OTC di circa 1 miliardo di dollari in $UST. /1
Inizialmente luna foundation ha rimosso 150 milioni di dollari di liquidità da 3pool. Quindi l'hacker o il gruppo di hacker hanno utilizzato 350 milioni di UST per drenare la liquidità. Si innesca la catena: la luna foundation preleva altri 100 milioni di dollari di liquidità /2
Ma questo accende solo il motore iniziale.. infatti abbiamo un depeg di 3 centesimi di dollaro su UST. La Luna Foundation per difendere il peg vende BTC creando un muro di vendita o almeno una pressione su $btc. /3
How we can prevent future $LUNA flash crashes and $UST de-pegging?
What is clear to me is that the way #anchorprotocol’s subsided earn rates are set up poses a systematic risk for the ecosystem. The good news is that it can be fixed.
🧵
What is clear to me is that the way #anchorprotocol’s subsided earn rates are set up poses a systematic risk for the ecosystem. The good news is that it can be fixed.
🧵
1/ This is not to say that Anchor rates can't be subsided to bootstrap ecosystem growth and adoption. Rather, @anchor_protocol should differentiate between long-term and short-term depositors by introducing different rates for different lockup periods.
2/ This will have the effect of staggering the flight of capital during a liquidity crisis and market dumps.
🧵 Here's how I make 43% APY on $USD (and my $EUR, $ETH and $BTC) by utilising a fully regulated brokerage service called #Freeway. Perfect for bear markets and I personally believe it is safer and with a better R:R than e.g. $UST on #AnchorProtocol or $USDD on #TRON. 1/20
❗ This is my own research presented in an objective manner. I include a few of my own opinions. Not financial advice, do your own research, be aware of the risks. Learn about #Freeway here (referral link, but using it boosts your rewards by 2%):
app.freeway.io/ref/fw10f3f9b9 2/20
app.freeway.io/ref/fw10f3f9b9 2/20
1/ There's plenty FUD floating around (especially on Twitter) wrt LUNA and UST. I'm trying to keep abreast of this and stay objective. There'll always be FUD and we need to just try to make informed decisions around investments.
A thread 🧵..
$LUNA $UST #anchorprotocol
A thread 🧵..
$LUNA $UST #anchorprotocol
2/ $UST deposits on Anchor are benefiting from 19.5% APY. This'll drop to 18% on 1 May.
The main FUD is around the sustainability of the LUNA - UST relationship. Let me start with a quick refresher on some context and stuff we need to know.
The main FUD is around the sustainability of the LUNA - UST relationship. Let me start with a quick refresher on some context and stuff we need to know.
3/ $UST is minted by burning $LUNA. Burning UST mints LUNA. The price to determine the amount of LUNA and UST minted/burned is from an Oracle. There is a tax ('swap spread fee') applied when minting and burning. This tax can vary and increases the more minting/burning happens.
1/ It's been quite some time since we've published a public update on what we've been up to. Allow us to remedy that! First things first you're likely asking yourselves "WTF is Ape Galaxy?!" I thought this was #GALAXYGOGGLEDAO $GG??? What happen to $APE_X? What about Death Ape?!
2/ After migrating from #AVAX to #BSC, we under went a lot of changes... most of which occurred out of the view of the public within Ape Base Alpha aka our Discord. The "APY War" days had left $GG with a pretty sizable war chest ($9-10M~), but no real purpose or direction...
3/ After all, #GALAXYGOGGLEDAO was a high inflation degen yield farm. Yields had collapsed, nodes were the new flavor of the week, $BTC was in a serious down trend, a war was looming, there was tons of macro uncertainty... There was plenty of piss and vinegar surrounding how...
Anchor's Yield is changing.
Moving from a stable to a dynamic rate.
Here's what you need to know on everything impacting #Terra , explained simply.
🧵
Moving from a stable to a dynamic rate.
Here's what you need to know on everything impacting #Terra , explained simply.
🧵
Part 1: Understanding Anchor
Anchor Protocol is a DeFi protocol that allows users to enjoy a financial system of loans based on stablecoins.
The idea is simple: a lender deposits their $UST in #Anchor and that $UST is used to make collateralized loans for interest accrual.
Anchor Protocol is a DeFi protocol that allows users to enjoy a financial system of loans based on stablecoins.
The idea is simple: a lender deposits their $UST in #Anchor and that $UST is used to make collateralized loans for interest accrual.
Changes
#Anchorprotocol, the decentralized money market built on the Terra blockchain, will dynamically adjust interest rates each month following a community vote that passed on Thursday.
#Anchorprotocol, the decentralized money market built on the Terra blockchain, will dynamically adjust interest rates each month following a community vote that passed on Thursday.
#AnchorProtocol 101: #Terra's stable yield borrowing and lending platform
Here's your intro guide to Anchor, the stable yield borrowing and lending platform on #Terra
A thread👇🧵
Here's your intro guide to Anchor, the stable yield borrowing and lending platform on #Terra
A thread👇🧵
2. #AnchorProtocol is a savings protocol launched by Terraform Labs on #Terra.
It allows instant deposits and withdrawals, with the option to earn low volatility interest rate, which is the highest amongst stablecoins at ~19.5.
It supports $LUNA and $UST tokens.
It allows instant deposits and withdrawals, with the option to earn low volatility interest rate, which is the highest amongst stablecoins at ~19.5.
It supports $LUNA and $UST tokens.
3. Although #DeFi has been popping off, it is not particularly user friendly. Staking is not an option for many because of the volatility.
【Cipholio Opinions】#DeFi 变化趋势？
1/7. 2021年，DeFi项目总体处于上涨趋势中，总TVL在11月到达峰值，约2560亿美元。进入2022年之后，受到整个市场行情走低的影响，TVL出现明显下跌，相对于峰值已下降约20％，用户的参与热情也明显降低。
1/7. 2021年，DeFi项目总体处于上涨趋势中，总TVL在11月到达峰值，约2560亿美元。进入2022年之后，受到整个市场行情走低的影响，TVL出现明显下跌，相对于峰值已下降约20％，用户的参与热情也明显降低。
2/7
Let's talk about a unique project: $Quartz.
We will be exploring the democratisation of the Foundations of Finance.
The aim of this thread, will be to simplify concepts for your understanding.
/THREAD 🧵
We will be exploring the democratisation of the Foundations of Finance.
The aim of this thread, will be to simplify concepts for your understanding.
/THREAD 🧵
The first concept lets discuss is "On Chain Yield Aggregators.
Yield Aggregators playing a key role in the yield farming economy by leveraging different DeFi protocols and strategies to maximize user profits.
Now what are the limitations?
/1
Yield Aggregators playing a key role in the yield farming economy by leveraging different DeFi protocols and strategies to maximize user profits.
Now what are the limitations?
/1
Yield Aggregators:
For example, if you deposit $10,000.
You can receive fixed or variable ROI rates in return.
Let's take a look at what $Quartz does..
/2
For example, if you deposit $10,000.
You can receive fixed or variable ROI rates in return.
Let's take a look at what $Quartz does..
/2
First writeup! 1/ Anchor Protocol is newest member to Terra ecosystem. $ANC is providing 20% APY providing a benchmark rate for Defi. It does this by pooling staking emissions and trx fees from major PoS chains Borrower collateral (staking derivatives) generate
2/ rewards and then are stabilized to provide the 20% interest rate. Any excess yield is put into a yield reserve which helps support the target rate should supply/demand volatility increase.
3/ $ANC is becoming/striving to first/best savings product in Defi. Benefits driving people to $ANC is ease of use, stable high interest rate (when compared to banks) and unlocks liquidity for PoS stakers. Anchor is the third and final pillar in Terraform Lab's trifecta: savings,
