Discover and read the best of Twitter Threads about #DAI
Most recents (24)
1,
Series 10: Real Builder in Winter | @JPEGd_69 – Tham Vọng Quá Lớn Liệu Có Thành Công?
Thread bao gồm:
1⃣ Tổng quan về #JPEG'd
2⃣ Hành trình & Thành tựu đầu tiên
3⃣ Vì sao JPEG'd khiến mình ấn tượng
Retweet để ủng hộ @HakResearch nhen mọi người ơi!
Series 10: Real Builder in Winter | @JPEGd_69 – Tham Vọng Quá Lớn Liệu Có Thành Công?
Thread bao gồm:
1⃣ Tổng quan về #JPEG'd
2⃣ Hành trình & Thành tựu đầu tiên
3⃣ Vì sao JPEG'd khiến mình ấn tượng
Retweet để ủng hộ @HakResearch nhen mọi người ơi!
2,
1⃣ Tổng quan về #JPEG'd
🧙♂️ Định nghĩa về @JPEGd_69
JPEG'd là một nền tảng CDP là viết tắt của Collateralized Debt Position tương tự như Maker DAO đã quá nổi tiếng với DAI trên Ethereum, tương tự vậy JPEG'd chấp nhận các tài sản thế chấp là những bộ
1⃣ Tổng quan về #JPEG'd
🧙♂️ Định nghĩa về @JPEGd_69
JPEG'd là một nền tảng CDP là viết tắt của Collateralized Debt Position tương tự như Maker DAO đã quá nổi tiếng với DAI trên Ethereum, tương tự vậy JPEG'd chấp nhận các tài sản thế chấp là những bộ
3,
sưu tập NFT Blue-chip như #CryptoPunks, #EtherRocks, #BAYC, #MAYC, #Doodles, #Azuki, Pudgy Penguins, CloneX hay Autoglyphs để phát hành ra #pUSD (stablecoin) hoặc #pETH.
Có thể hiểu rằng pUSD và pETH sẽ là trọng tâm trong việc phát triển của JPEG'd bao gồm xây
sưu tập NFT Blue-chip như #CryptoPunks, #EtherRocks, #BAYC, #MAYC, #Doodles, #Azuki, Pudgy Penguins, CloneX hay Autoglyphs để phát hành ra #pUSD (stablecoin) hoặc #pETH.
Có thể hiểu rằng pUSD và pETH sẽ là trọng tâm trong việc phát triển của JPEG'd bao gồm xây
1/ AIRDROP HUNT 🪂
𝗠𝗔𝗡𝗧𝗟𝗘𝗦𝗪𝗔𝗣
@MantleSwap is an AMM decentralized exchange that aims to bring unprecedented speed, security, and efficiency to the world of DeFi
They just launched their Incentivised testnet on @0xMantle Testnet
#airdrop #airdrops
𝗠𝗔𝗡𝗧𝗟𝗘𝗦𝗪𝗔𝗣
@MantleSwap is an AMM decentralized exchange that aims to bring unprecedented speed, security, and efficiency to the world of DeFi
They just launched their Incentivised testnet on @0xMantle Testnet
#airdrop #airdrops
2/ MantleSwap offer Lightning-fast transaction processing times, Lower fees, User-friendly interface, Wide selection of tokens
Mantle swap products :
🔸AMM Exchange
🔸Farming
🔸Launchpad
🔸Lending
🔸GameFi
📃 Find my @NotionHQ version article at then end of this thread 😉
Mantle swap products :
🔸AMM Exchange
🔸Farming
🔸Launchpad
🔸Lending
🔸GameFi
📃 Find my @NotionHQ version article at then end of this thread 😉
3/👇AIRDROP STRATEGY👇
1️⃣ To start, you need to set your #metamask wallet on Mantle Network testnet and have some $BIT test tokens. If you don’t know how to do this, check tweet 5 to 10 from my Mantle Network Aidrop hunt thread below :
✅
1️⃣ To start, you need to set your #metamask wallet on Mantle Network testnet and have some $BIT test tokens. If you don’t know how to do this, check tweet 5 to 10 from my Mantle Network Aidrop hunt thread below :
✅
[#THREAD]
👋
Aujourd'hui, je vais vous montrer comment créer un contrat de NFT qui autorise le paiement en #stablecoin à la place de l'ether pour éviter la volatilité (👀).
Suivez ce thread pour apprendre comment mettre en place cette solution technique simplement.
🧵👇
👋
Aujourd'hui, je vais vous montrer comment créer un contrat de NFT qui autorise le paiement en #stablecoin à la place de l'ether pour éviter la volatilité (👀).
Suivez ce thread pour apprendre comment mettre en place cette solution technique simplement.
🧵👇
Mise en situation :
Vous lancez une collection de NFT sur la blockchain #Ethereum... mais vous avez besoin d'un montant très précis, 100$ par NFT, pas plus, pas moins.
Et la se pose un problème, un mint en ether induit forcément la variation du cours...
Vous lancez une collection de NFT sur la blockchain #Ethereum... mais vous avez besoin d'un montant très précis, 100$ par NFT, pas plus, pas moins.
Et la se pose un problème, un mint en ether induit forcément la variation du cours...
Heureusement, il existe une solution à votre problème...
Les #stablecoins !
Des tokens indexés au cours de l'USD qui (en théorie) ne varient pas.
Mais est-ce possible de mint des NFTs en échange de stablecoins ?
Les #stablecoins !
Des tokens indexés au cours de l'USD qui (en théorie) ne varient pas.
Mais est-ce possible de mint des NFTs en échange de stablecoins ?
🧐#CIRCLE ... WELL PLAYED INDEED
I know... you will be surprised by my guess
Let's suppose #CIRCLE have about 6bln $ seized in Shady banks : 3.3bln$ in #SVB (confirmed) and about 3bln $ #SI (not confirmed)
For 2 time their minimum liquidity was 6bln$
Now what? Let's guess...🔻
I know... you will be surprised by my guess
Let's suppose #CIRCLE have about 6bln $ seized in Shady banks : 3.3bln$ in #SVB (confirmed) and about 3bln $ #SI (not confirmed)
For 2 time their minimum liquidity was 6bln$
Now what? Let's guess...🔻
With about 6bln$ seized over 43bln$ #USDC you know... They cannot be baked 1:1, because 14% are not available (seized).
What if they managed to spread FUD looking for a way to push whales and retails on converting #USDC for #USDT or other stablecoins?
Let's check 🔻
What if they managed to spread FUD looking for a way to push whales and retails on converting #USDC for #USDT or other stablecoins?
Let's check 🔻
So, #USDC market cap dumped from 43.3bln$ to 37.2bln$
Look at it... exactly 6bln$
Did someone see any type of #USDC burn anywhere? I've missed something...or there was a realtime swap with another #stablecoin
Let's check #USDT🔻
Look at it... exactly 6bln$
Did someone see any type of #USDC burn anywhere? I've missed something...or there was a realtime swap with another #stablecoin
Let's check #USDT🔻
¿Qué está pasando con las #stablecoins? 🤔
Primero fue la #Stablecoin de #Binance #BUSD que hasta hoy ha perdido $8 mil millones de sus capital de mercado, y ahora es #USDC de #Coinbase que ha perdido la paridad con el dólar y $7 mil millones de su capital. 😱
[Hilo] 🧶
1/15
Primero fue la #Stablecoin de #Binance #BUSD que hasta hoy ha perdido $8 mil millones de sus capital de mercado, y ahora es #USDC de #Coinbase que ha perdido la paridad con el dólar y $7 mil millones de su capital. 😱
[Hilo] 🧶
1/15
En el caso de #Binance y #BUSD hicimos un hilo en su momento que dejaré al final, pero hoy nos enfocamos en el caso de la moneda estable #USDC del exchange cripto más grande de EE.UU @coinbase.
Lo primero a destacar es que Coinbase y Circle que son los emisores de #USDC...
2/15
Lo primero a destacar es que Coinbase y Circle que son los emisores de #USDC...
2/15
no están en quiebra. El problema lo tuvo fue el banco @SVB_Financial que es donde @circle y @coinbase tienen parte del colateral de su moneda estable #USDC. Éste Silicon Valley Bank (SVB) fue intervenido hace 1 día por el @CaliforniaDFPI ya que estaba insolvente.👇
3/15
3/15
1) #HEXICANS!! Important! Please share everywhere! Here's my thoughts on the recent PulseX Sac wallet actions with #Stablecoins that we have seen over the past 7hrs & why it is a great LIVE! display of Risk management! #4DChessMoves & Genius #Levelthinking! in this crazy times 😎
2) First! for context, if you didn't know. PulseX Sac wallet is now the #1 Holder of #DAI Stable coin. Check Etherscan. Almost 279M+ in just 1 wallet.
#QuickMafs:
40.4M Tether -> 43.758M DAI
+8.3% Arb; swapping tether while the premium was there. average entry .917 per DAI.
#QuickMafs:
40.4M Tether -> 43.758M DAI
+8.3% Arb; swapping tether while the premium was there. average entry .917 per DAI.
3) At current DAI price, the Tether swapped already made 200k+ in $ value. If/when DAI repegged, the value added to the war chest will be 3.358M! just from this move. 🔥🤑🥳
An airdrop has been confirmed for @MantleSwap Testnet users.
iphone {iOS} user can do this
🔑 just follow the guide carefully
#Airdrop confirmed.
A Thread 🧵
iphone {iOS} user can do this
🔑 just follow the guide carefully
#Airdrop confirmed.
A Thread 🧵
MantleSwap is a Automated Market Maker (AMM) decentralized exchange that aims to bring unprecedented speed, security, and efficiency to the world of decentralized finance (DeFi)
To start with the testnet
First you have to add mentle testnet network In your metamask wallet
This is network details
Network name
Mantle Testnet
New RPC URL
rpc.testnet.mantle.xyz
Chain ID
5001
symbol
BIT
explorer
explorer.testnet.mantle.xyz
First you have to add mentle testnet network In your metamask wallet
This is network details
Network name
Mantle Testnet
New RPC URL
rpc.testnet.mantle.xyz
Chain ID
5001
symbol
BIT
explorer
explorer.testnet.mantle.xyz
1/🪂 AIRDROP HUNT 🪂
𝗙𝗢𝗥𝗕𝗜𝗧𝗦𝗪𝗔𝗣
@forbitswap is an #APTOS AMMs)
and liquidity pools to enables peer-to-peer (P2P) cryptocurrency trades that execute without order books or a centralized intermediary on MOVE language.
#airdrop confirmed 💰
#airdrops $APT
𝗙𝗢𝗥𝗕𝗜𝗧𝗦𝗪𝗔𝗣
@forbitswap is an #APTOS AMMs)
and liquidity pools to enables peer-to-peer (P2P) cryptocurrency trades that execute without order books or a centralized intermediary on MOVE language.
#airdrop confirmed 💰
#airdrops $APT
2/ Airdrop is annonced for OG role (raffle) and WL (guaranteed) check details below.
To receive roles 🎭, you must do
@crew3xyz task and join #Giveaway with Forbitswap partners.
Team will randomly draw 1000 WL slot among OGs roles.
To receive roles 🎭, you must do
@crew3xyz task and join #Giveaway with Forbitswap partners.
Team will randomly draw 1000 WL slot among OGs roles.
3/👇AIRDROP STRATEGY 👇
You need an Aptos wallet and some testnet $APT
To claim testnet tokens : aptoslabs.com/testnet-faucet
1️⃣ Go to move.forbitswap.com/#/swap
Connect your wallet on the right corner and set your wallet on '' Aptos Testnet '' network ✅
You need an Aptos wallet and some testnet $APT
To claim testnet tokens : aptoslabs.com/testnet-faucet
1️⃣ Go to move.forbitswap.com/#/swap
Connect your wallet on the right corner and set your wallet on '' Aptos Testnet '' network ✅
5 Trends in #DeFi for 2023
1/6 As we enter the new year, many are curious about the trends that will shape the #DeFi space in 2023. Here are the top 5 trends that experts predict will have an impact:
🧵A thread by @esatoshiclub
1/6 As we enter the new year, many are curious about the trends that will shape the #DeFi space in 2023. Here are the top 5 trends that experts predict will have an impact:
🧵A thread by @esatoshiclub
2/6 Push toward real-world assets
Real-world assets (RWA) are helping to unlock liquidity and utility by moving on-chain. @MakerDAO has invested in US Treasuries and corporate bonds and partnered with #banks. These moves could become more common in 2023
Real-world assets (RWA) are helping to unlock liquidity and utility by moving on-chain. @MakerDAO has invested in US Treasuries and corporate bonds and partnered with #banks. These moves could become more common in 2023
3/6 Greater stablecoin adoption
#Stablecoins, like #USDC and #DAI, are seeing continued success despite bear market conditions. #Japan is lifting its ban on foreign-issued stablecoins in 2023, which could boost adoption and reduce time and costs on international remittances.
#Stablecoins, like #USDC and #DAI, are seeing continued success despite bear market conditions. #Japan is lifting its ban on foreign-issued stablecoins in 2023, which could boost adoption and reduce time and costs on international remittances.
1/6) Step by step on how to participate on @zkLend possible Airdrop 🪂
A Thread 🧵🪡🫡
Please ❤️ like & 🔄 retweet for others & don't forget to tag your friends 🫂
A Thread 🧵🪡🫡
Please ❤️ like & 🔄 retweet for others & don't forget to tag your friends 🫂
@zkLend has a government token which is #ZEND
Total supply is 100M
I will suggest you visit their website and read more about them , link zklend.com
Total supply is 100M
I will suggest you visit their website and read more about them , link zklend.com
What is @zkLend ??
#zkLend is an L2 money_market protocol built on StarkNet, combining zk-rollup scalability with Ethereum's security.
How to participate??
1) Visit faucet.goerli.starknet.io
2) Cope either your #ArgentX or #Braavos wallet address.
3) Paste and send request.
#zkLend is an L2 money_market protocol built on StarkNet, combining zk-rollup scalability with Ethereum's security.
How to participate??
1) Visit faucet.goerli.starknet.io
2) Cope either your #ArgentX or #Braavos wallet address.
3) Paste and send request.
🧵 -- $KUJI --🧵
🧵 @TeamKujira 🧵
🧵Thread about $KUJI and why I think it`s a great fighter!
LETS GO!!
@SumoKuji
@OcebotKuji
@Crypto_1nsights
@SumoKuji
@KujiKast
@thewolfofdefi
@CryptoGirlNova
#ETH $BTC $ARC $QNT $FET
#Crypto #Cryptoinvestor #100x
$MLT $MTRG $FRM $AZERO
🧵 @TeamKujira 🧵
🧵Thread about $KUJI and why I think it`s a great fighter!
LETS GO!!
@SumoKuji
@OcebotKuji
@Crypto_1nsights
@SumoKuji
@KujiKast
@thewolfofdefi
@CryptoGirlNova
#ETH $BTC $ARC $QNT $FET
#Crypto #Cryptoinvestor #100x
$MLT $MTRG $FRM $AZERO
@TeamKujira story:
So before we start I would like to say I am impressed with the Devs of $KUJI cuz they have not given up even after dramatic history with $LUNA.
Hat`s off to the DEVS
So before we start I would like to say I am impressed with the Devs of $KUJI cuz they have not given up even after dramatic history with $LUNA.
Hat`s off to the DEVS
Quick recap:
$KUJI was based on Terra ecosystem and to be precise $KUJI provided liquidation mechanism Anchor protocol.
So as we all know as $LUNA (now $LUNC) collapsed it took with it every protocol on the network...
But @TeamKujira didn't give up and its better than ever.
$KUJI was based on Terra ecosystem and to be precise $KUJI provided liquidation mechanism Anchor protocol.
So as we all know as $LUNA (now $LUNC) collapsed it took with it every protocol on the network...
But @TeamKujira didn't give up and its better than ever.
Herkese selamlar #airdrop ihtimali olan bir projeden bahsedelim.
Henüz çok yeni olduğu için yapılması gerektiğini düşünüyorum 3-5 dakika ayırabiliriz 🙂
Hemen başlayalım 👇
Henüz çok yeni olduğu için yapılması gerektiğini düşünüyorum 3-5 dakika ayırabiliriz 🙂
Hemen başlayalım 👇
Direkt sitemize geliyoruz ve görseldeki gibi create wallet seçeneğine tıklıyoruz.
fuellabs.github.io/swayswap/welco…
fuellabs.github.io/swayswap/welco…
Evet cüzdanımızı kurduk şimdi devam edelim.
Bir miktar #eth istememiz gerekiyor görseldeki gibi give me eth seçeneğine tıklıyoruz.
Bir miktar #eth istememiz gerekiyor görseldeki gibi give me eth seçeneğine tıklıyoruz.
El exchange #CryptoCom manejó $507.506.463 en transacciones solo ayer 🤯
Y hoy es tendencia por los rumores sobre su posible insolvencia.
Pero, no os preocupéis, acá os dejamos un hilo con toda la información importante que necesitais saber.
(¡Spoiler! No pinta bien😥) 🧵⬇️
Y hoy es tendencia por los rumores sobre su posible insolvencia.
Pero, no os preocupéis, acá os dejamos un hilo con toda la información importante que necesitais saber.
(¡Spoiler! No pinta bien😥) 🧵⬇️
L'#exchange Crypto(.)com a géré 507'506'463$ de transactions rien qu'hier 🤯
Beaucoup de rumeurs circulent sur son insolvabilité: j'ai résumé toutes les informations importante à connaître dans un thread 🧵
Surprise, c'est pas très beau 😥 👇
Beaucoup de rumeurs circulent sur son insolvabilité: j'ai résumé toutes les informations importante à connaître dans un thread 🧵
Surprise, c'est pas très beau 😥 👇
[0 - 9] À la fin de cet article, vous aurez toutes les informations résumées pour mieux comprendre la situation sur l'#exchange #crypto.
Certaines sources de cet article viennent de @LeJournalDuCoin, @cryptoastblog et de ce thread anglais 👇
Certaines sources de cet article viennent de @LeJournalDuCoin, @cryptoastblog et de ce thread anglais 👇
The #ETHColombia round on clr.fund is live now on #Arbitrum & will end in 14 days!
Contribute to your favorite projects
It may be effective on $ARB/$ARBI airdrop (#DYOR)
💜 🔁
1/ 🧵
Contribute to your favorite projects
It may be effective on $ARB/$ARBI airdrop (#DYOR)
💜 🔁
1/ 🧵
What do you need to donate?
1. #ETH & #DAI on Arbitrum Network
2. Verified #BrightID (connect to each other on our Telegram Group t.me/MyAlphaChat/14… 👀)
There are 39 projects to contribute; anyway you can only contribute to 8 projects maximum
2/
1. #ETH & #DAI on Arbitrum Network
2. Verified #BrightID (connect to each other on our Telegram Group t.me/MyAlphaChat/14… 👀)
There are 39 projects to contribute; anyway you can only contribute to 8 projects maximum
2/
Here are my donations list:
1. BrightID: bit.ly/3hncjI8
2. 0xRosChain: bit.ly/3hlwvtQ
3. Proof of Integrity: bit.ly/3UfedJx
4. IberoAm: bit.ly/3Uy3DNk
3/
1. BrightID: bit.ly/3hncjI8
2. 0xRosChain: bit.ly/3hlwvtQ
3. Proof of Integrity: bit.ly/3UfedJx
4. IberoAm: bit.ly/3Uy3DNk
3/
1/ #Kujira is the true successor to all that was good about the #Terra / #Luna / #UST ecosystem.
Forget Terra 2.0, look into Kujira. A thread. 🧵
@TeamKujira rebounded after the Terra collapse with its own chain, exchange, stablecoin & liquidation engine.
All in two months! 👇
Forget Terra 2.0, look into Kujira. A thread. 🧵
@TeamKujira rebounded after the Terra collapse with its own chain, exchange, stablecoin & liquidation engine.
All in two months! 👇
2/ The team started with a liquidation engine on top of Anchor, but after Terra collapsed, they shifted gears.
They deployed their own chain on Cosmos and started building. FAST.
Now, Kujira is about to make its latest move. 👇
They deployed their own chain on Cosmos and started building. FAST.
Now, Kujira is about to make its latest move. 👇
✍️ A thread on @SturdyFinance
What is SturdyFinance?
High yield lending & interest-free borrowing protocol.
0% Borrow APY! 💰
How does it achieve 0% APY?
Sturdy stakes their collateral and pass the yield to the lenders, That’s how it doesn’t charge interest.
🧵(1/4)
What is SturdyFinance?
High yield lending & interest-free borrowing protocol.
0% Borrow APY! 💰
How does it achieve 0% APY?
Sturdy stakes their collateral and pass the yield to the lenders, That’s how it doesn’t charge interest.
🧵(1/4)
The easiest way to get the best APY
Just deposit your stable coins 💸 ( $USDT $USDC #DAI)
on the platform and earn ~8.67% APY
USD will give the best APY without any hassle.
(Stables coins cannot be collateralized)
🧵(2/4)
Just deposit your stable coins 💸 ( $USDT $USDC #DAI)
on the platform and earn ~8.67% APY
USD will give the best APY without any hassle.
(Stables coins cannot be collateralized)
🧵(2/4)
There are multiple assets that can be collateralized to borrow the other assets.
E.g
Curve FRAX+USDC LP
Can be deposited with ~4.34% APY and can be collateralized.
While earning ~4.34% APY, we can borrow the stable coins with 0% interest.
🧵(3/4)
E.g
Curve FRAX+USDC LP
Can be deposited with ~4.34% APY and can be collateralized.
While earning ~4.34% APY, we can borrow the stable coins with 0% interest.
🧵(3/4)
Sturdy Finance (@SturdyFinance) is a new type of DeFi lending protocol that allows users to earn high stablecoin yields or take out interest-free loans on #Fantom and #Ethereum.
The most effective multi-protocol strategy for maximizing yields on Sturdy🧵👇
The most effective multi-protocol strategy for maximizing yields on Sturdy🧵👇
Disclaimer: Nothing in this post should be interpreted as financial advice; everything presented here is simply information to be shared. Before investing in anything, DYOR
The largest decentralised stablecoin. The OG dapp on @ethereum.
@MakerDAO and DAI are one of the most successful #DeFi stories, but how do they work?
Understand Maker Protocol, assess DAI risk & alphas for you.
This is part 4 of #stablecoinwar series. Let's dive in. 🧵 1/n
@MakerDAO and DAI are one of the most successful #DeFi stories, but how do they work?
Understand Maker Protocol, assess DAI risk & alphas for you.
This is part 4 of #stablecoinwar series. Let's dive in. 🧵 1/n
@ethereum @MakerDAO A/ Mechanics of @MakerDAO
A quick refresher on types of #stablecoins- there are
1) fiat-backed
2) crypto-backed
3) algorithmic
DAI is a crypto-backed stablecoin, which means that all of its assets live on the blockchain! How do we make that happen? 2/n
A quick refresher on types of #stablecoins- there are
1) fiat-backed
2) crypto-backed
3) algorithmic
DAI is a crypto-backed stablecoin, which means that all of its assets live on the blockchain! How do we make that happen? 2/n
Since May 9th, 2022 we have been living in a post #Luna collapse ecosystem.
The following is a thread on capital flow post $UST regarding what investors are viewing as "safe assets"... 🧵 👇👇
The following is a thread on capital flow post $UST regarding what investors are viewing as "safe assets"... 🧵 👇👇
To recap as most of you know $UST has experienced a massive bank run that eclipses the 2008 financial collapse in size.
To date, it has lost 96% of its market capitalization and failed to hold its peg to $1.
#Luna #Terra
To date, it has lost 96% of its market capitalization and failed to hold its peg to $1.
#Luna #Terra
With #Luna officially moving to Luna 2.0 and leaving "Luna Classic" behind it's safe to say that the money is not coming back.
But it begs the question of how is capital behaving now that the 3rd largest stable coin, equaling close to 1% of cryptos market share, is gone?
But it begs the question of how is capital behaving now that the 3rd largest stable coin, equaling close to 1% of cryptos market share, is gone?
1/ On March 28 I made a thread on the top 10 reasons why we are in a bear market using stablecoin charts.
The only divergent signals (opposing this view) were from #UST & #USDT.
What happened since?
#UST went to 0 & #USDT lost $9 bil in mcap.
Next 👇
The only divergent signals (opposing this view) were from #UST & #USDT.
What happened since?
#UST went to 0 & #USDT lost $9 bil in mcap.
Next 👇
2/ All reputable stablecoin mcaps were falling (#USDC, #DAI, #LUSD), except UST and USDT.
USDT has now corrected this divergence and is falling in the trend (pic).
UST was not so fortunate and crashed to 0 with more algo stables following the same trend: #USDN, #DEI.
Next 👇
USDT has now corrected this divergence and is falling in the trend (pic).
UST was not so fortunate and crashed to 0 with more algo stables following the same trend: #USDN, #DEI.
Next 👇
3/ UST did not have the backing to account for its mcap, hence it went to 0.
Why so bad? Because of a death spiral:
Buy 1 UST, burn it for Luna, sell Luna for $1. With $18 bil UST to burn for Luna, this crashed Luna's price to 0 and UST followed soon after.
Next 👇
Why so bad? Because of a death spiral:
Buy 1 UST, burn it for Luna, sell Luna for $1. With $18 bil UST to burn for Luna, this crashed Luna's price to 0 and UST followed soon after.
Next 👇
1/21
Stablecoins
It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.
But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇
Stablecoins
It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.
But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇
2/
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP
It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP
It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
3/
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
1/ The #NEAR Protocol stablecoin is out: #USN
1 USN is always backed at 100% by NEAR + stables in the Reserve Fund.
You can mint 1 USN against $1 of NEAR & earn at least 10% APY (Reserve Fund yield).
How does it work and is it superior to #Luna/#UST?
YES.
Why? A thread 👇
1 USN is always backed at 100% by NEAR + stables in the Reserve Fund.
You can mint 1 USN against $1 of NEAR & earn at least 10% APY (Reserve Fund yield).
How does it work and is it superior to #Luna/#UST?
YES.
Why? A thread 👇
2/ What is $USN?
A fully collateralized, algorithmic NEAR-native stablecoin pegged to the US dollar.
It uses on-chain smart contract for NEAR/USN arbitrage like UST and StableSwap pool with other stablecoins (swap USDT for USN).
How does it match against other stables? 👇
A fully collateralized, algorithmic NEAR-native stablecoin pegged to the US dollar.
It uses on-chain smart contract for NEAR/USN arbitrage like UST and StableSwap pool with other stablecoins (swap USDT for USN).
How does it match against other stables? 👇
1/ Time to look at the main stablecoins, including people's favorite #UST which looks rather weak.
There is one undisputed winner, despite any criticism.
The reason? Adoption, liquidity, and volume.
The rest are kings in their niche. A thread 👇
#USDT #USDC #BUSD #DAI #UST
There is one undisputed winner, despite any criticism.
The reason? Adoption, liquidity, and volume.
The rest are kings in their niche. A thread 👇
#USDT #USDC #BUSD #DAI #UST
2/ Ranking by market cap is easy (see pic), but that barely says anything.
What is more important is volume and where this volume comes from!
Let's do a ranking by 7-day volume divided by mcap.
See next tweet for the results. 👇
What is more important is volume and where this volume comes from!
Let's do a ranking by 7-day volume divided by mcap.
See next tweet for the results. 👇
