Discover and read the best of Twitter Threads about #SuperHodl
Most recents (13)
Dear #SuperHodl plebs: important update going forward on the algorithm experiment I'd like to share 🧵
Context: $DLLR is now live! It gives Zero users an option to buy #bitcoin directly, like we did as part of the original #SuperHodl algorithm. ⤵️
Context: $DLLR is now live! It gives Zero users an option to buy #bitcoin directly, like we did as part of the original #SuperHodl algorithm. ⤵️
As introduced earlier, #StableHodl is a new version that leverages the stability pool as a place to hold our reserves (as we have been doing with #SuperHodl, too, since the @babelfishmoney did not allow further ZUSD in their pool).⤵️
Through $DLLR and the stability pool, we can start to do #StableHodl and buy #bitcoin again like the algorithm intends, while actively gaining #bitcoin on the downside as well (at very low prices). ⤵️
#SuperHodl Says: No Change! for Mar 15
One bank down, ...
while BYOB (be your own bank) becomes a reality just tomorrow. Mint your future with Zero and @SovrynDollar on @SovrynBTC
One bank down, ...
while BYOB (be your own bank) becomes a reality just tomorrow. Mint your future with Zero and @SovrynDollar on @SovrynBTC
EU is such a fun place to leave. I mean, live. I mean....
Some clarification w.r.t. #SuperHodl based on comments I've seen recently from the fam.
Short thread.
Short thread.
Zero Protocol is not the same as #SuperHodl:
Zero Protocol is a @RSKsmart smart contract that you can interface through @SovrynBTC's #DeFi platform.
It mints $ tokens (ZUSD) against your #bitcoin, and you are the counterparty. Therefore, 0% interest, no payback term.
Zero Protocol is a @RSKsmart smart contract that you can interface through @SovrynBTC's #DeFi platform.
It mints $ tokens (ZUSD) against your #bitcoin, and you are the counterparty. Therefore, 0% interest, no payback term.
#SuperHodl is a trading algorithm that leverages several @SovrynBTC platform products; notably Zero and a lending pool.
It:
- Takes out a $ loan against #bitcoin
- Puts the $ in a reserve to gain yield over time
- And computes every day if an action is necessary by the borrower
It:
- Takes out a $ loan against #bitcoin
- Puts the $ in a reserve to gain yield over time
- And computes every day if an action is necessary by the borrower
I mean - it's not great. But not the mayhem it could have been after #FOMC and #Russia announcements... #bitcoin is "hanging in there".
So is our Zero loan from @SovrynBTC:
#SuperHodl Says: No Change! for 21 Sept.
Mayor oof territory though. Got powder?
So is our Zero loan from @SovrynBTC:
#SuperHodl Says: No Change! for 21 Sept.
Mayor oof territory though. Got powder?
Today we welcome two new plebs to the fam:
@jnunez and @UpsideDown_Head
May the #HODL be strong with you and the price-action flow within.
@jnunez and @UpsideDown_Head
May the #HODL be strong with you and the price-action flow within.
As you know we are long-term bullish. But this FOMC & Russia announcements are making macro look bleak in the coming day(s). Did #bitcoin price it in with today's -3%?
#SuperHodl Says: No Change! for 20 Sept.
Make it go to Zero @SovrynBTC!
👇🧵
#SuperHodl Says: No Change! for 20 Sept.
Make it go to Zero @SovrynBTC!
👇🧵
As a general courtesy, please keep an eye out for your Zero loan since we are manually keeping track of CR to update our loan if needed.
If a strong (flash) dip occurs, realize that our current liquidation price (without yet paying back anything) is around $10,750.-
ctd.
If a strong (flash) dip occurs, realize that our current liquidation price (without yet paying back anything) is around $10,750.-
ctd.
Hence we're still quite safe, and if we would pay back part of our reserve we can bring that liquidation price much further down (to $200 outstanding loan min., or close your position). This price number is reported on the Daily Dash.
ctd.
ctd.
Zero loan protocol from @SovrynBTC is about as mind-boggling as #bitcoin itself🤯
A short thread with some... Philosophy? Let me know if you agree with these concepts & RT to spread the word.
🧵
A short thread with some... Philosophy? Let me know if you agree with these concepts & RT to spread the word.
🧵
To start, I love the freedom of it all.👑
You loan from yourself, mint some coins for yourself, have to pay back to yourself, and lock up your own collateral, for you. 🫵
Truly you are "Your Own Bank" as intended by #bitcoin. 🦾
You loan from yourself, mint some coins for yourself, have to pay back to yourself, and lock up your own collateral, for you. 🫵
Truly you are "Your Own Bank" as intended by #bitcoin. 🦾
If you have bad lending habits, others will liquidate you. The community keeps you honest.
Your risk is fully your own: appetite for a timely 110%? Go 11X margin long! 150%? Safety first. Truly want to set and forget? Consider 300-500%.
Your risk is fully your own: appetite for a timely 110%? Go 11X margin long! 150%? Safety first. Truly want to set and forget? Consider 300-500%.
#SuperHodl Day # 11 on Zero @SovrynBTC
Boring sideway price action.
#SuperHodl Says: No Change !
Anybody still intoxicated from that buy yesterday?
Realize these are "free sats" coming out of #bitcoin's price increase only. Stack while having a big cushion on the reserve.
Boring sideway price action.
#SuperHodl Says: No Change !
Anybody still intoxicated from that buy yesterday?
Realize these are "free sats" coming out of #bitcoin's price increase only. Stack while having a big cushion on the reserve.
I will look into adding the effective liquidation price as well (incl. reserve) & wanted to get the "No-Trade" signal out there already.
Tagging @Keinor @StackingSaunter @cabincryptoguy
Happy #HODL!
Tagging @Keinor @StackingSaunter @cabincryptoguy
Happy #HODL!
#SuperHodl is in buy mode for the first time! Use your #bitcoin in a managed collateralized 0% loan from @SovrynBTC.
Please see the dash for actions to take. Let me know if I can help clarify any steps / numbers / graphics.
See below for some notes.
Please see the dash for actions to take. Let me know if I can help clarify any steps / numbers / graphics.
See below for some notes.
It took me some time to update all this and execute myself. The price is moving all the time, so the numbers may already be out of date.
The most important is to obtain the # of ZUSD from Zero that gives you a collateral ratio of 250%.
The most important is to obtain the # of ZUSD from Zero that gives you a collateral ratio of 250%.
Adding very small amounts of RBTC to the collateral is difficult in the GUI (@lightcoin feedback ;p). I rounded up the number the algo gave me and ended up slightly above 250% after that.
Remember kids, it is a manual trial, none of this is perfect or algorithmic in any way.
Remember kids, it is a manual trial, none of this is perfect or algorithmic in any way.
Another rather eventless day for #SuperHodl early adopters🙌 #Bitcoin price action is nicely sideways.
Second day, SuperHodl says: No Change !
Tagging @Keinor @StackingSaunter (did you start yet 😋)
#HODL on !
Second day, SuperHodl says: No Change !
Tagging @Keinor @StackingSaunter (did you start yet 😋)
#HODL on !
For people looking to learn more about Zero, please check out wiki.sovryn.app/en/sovryn-dapp…
For people looking to join #SuperHodl and have Zero access, please see the following thread on getting started:
Alert! Starting the #SuperHodl trial on @SovrynBTC for those with access to Zero!
Want to join the trial of #SuperHodl by manually doing all the work? You'll see it takes some clicks. Every day. But then, you may see how it works and appreciate it :)
A thread!
Want to join the trial of #SuperHodl by manually doing all the work? You'll see it takes some clicks. Every day. But then, you may see how it works and appreciate it :)
A thread!
Follow all steps in the thread below to start-up your line of credit, swap to XUSD, buy some #bitcoin and deposit XUSD to a lending pool for interest.
1) Go to live.sovryn.app/zero and login with your wallet (this example uses Metamask)
2) Click Open Line of Credit
2) Click Open Line of Credit
Short update on #SuperHodl, the automated savings algo based on Zero loans by @SovrynBTC. Still alive & still sim. only:
- data analysis: the algo vs price trajectories (#bitcoin & alts backtests, forecasting)
- algorithm improvements (liquidation likelihood vs mean gain)
🧵👇
- data analysis: the algo vs price trajectories (#bitcoin & alts backtests, forecasting)
- algorithm improvements (liquidation likelihood vs mean gain)
🧵👇
#bitcoin is a good coin. Like, statistically and historically, it has performed very well on the algorithm.
We have now ran the algo on DOGE, BSV, MIOTA and XRP. The algorithm survives none of the pump 'n dump schemes that these coins represent.
No surprise here :-)
We have now ran the algo on DOGE, BSV, MIOTA and XRP. The algorithm survives none of the pump 'n dump schemes that these coins represent.
No surprise here :-)
The algorithm shows, in price forecasting, that Zero-loan liquidation is possible if average daily price drops are large enough (for long enough periods of time). In backtesting, it's all good.
The algorithm cannot do magic. Several safety mechanisms have improved the resilience.
The algorithm cannot do magic. Several safety mechanisms have improved the resilience.
After seeing @sovereignorigin #superhodl algorithm, I wanted to see if I could make my own simple algorithm to use the potential of @SovrynBTC Zero protocol.
The aim is to end up with more #bitcoin
Using historical data from jan 2016, you would make 1 BTC into 2.55 BTC.
The aim is to end up with more #bitcoin
Using historical data from jan 2016, you would make 1 BTC into 2.55 BTC.
The algorithm is so simple, you can just do it by hand and take action when the price reach a level up/down.
1. You would start out taking a loan with Zero up to 140% value-to-loan (VTL).
1. You would start out taking a loan with Zero up to 140% value-to-loan (VTL).
As an example, if you started today with 1 BTC, you would take 38660/1.4 = 27614 USD in loan. You would then buy more BTC for this.
2. When the price reaches 23% above the buy price (38660*1.23=47551 USD), you would take up more in loan, and rebalance the loan to 140% VTL.
2. When the price reaches 23% above the buy price (38660*1.23=47551 USD), you would take up more in loan, and rebalance the loan to 140% VTL.
I present the #SuperHodl automated savings protocol using #bitcoin on @SovrynBTC 0% BTC-collateralized loans, lending pool and spot market products (not released yet).
Collateral ratio can be showed safe against backtesting.
Multiply your BTC over time!
Tagging @EdanYago
🧵👇
Collateral ratio can be showed safe against backtesting.
Multiply your BTC over time!
Tagging @EdanYago
🧵👇
Each data point here shows a different starting point in BTC's history, starting around 8 years ago and taking 50 steps in history incrementally, every time running a shorter and shorter period.
The blue line shows the BTC gains over that period.
The blue line shows the BTC gains over that period.
The algorithm takes your stash, 0%-loans USD against it, and splits it up in margin BTC buys & lending pool deposit. Then, as price changes (daily in current algo), it decides on paying back the loan to keep CR within a safe zone (price drops), or buying more BTC (rising price).
