Discover and read the best of Twitter Threads about #justlend

Most recents (4)

1/ Closing out Q1 quarterly reports for 2023, our State of @trondao, $XRP Ledger (XRPL), @Stacks mark our final three releases.

Explore individual protocol highlights and access the full reports below.๐Ÿ‘‡๐Ÿงต Image
2/ @JamesTrautman_'s State of @trondao Q1 23' report โฌ‡๏ธ

+Dynamic Energy Model resulted in revenue up 65.5%
+Circulating Mcap of $TRX increased by 18.1%
+Prominent protocols #justlend & #juststables saw TVL increase at 26% and 21% respectively

๐Ÿ”— zpr.io/YHp2NGq9R926 Image
3/ @redvelvetzip State of $XRP Ledger (XRPL) Q1 23' report โฌ‡๏ธ

+Daily active addresses & daily transactions increased QoQ
+XRPโ€™s price increased 55.5% QoQ from $0.35 to $0.54
+Upcoming deployment of Hooks, sidechains, & new token standards

๐Ÿ”— zpr.io/Y67ejYzYgH7S Image
Read 4 tweets
๐Ÿšจ The @justinsuntron is super active on #Tron today.

Here's what he did:

1. Withdraw 62M USDT on #Justlend
2. Buy 2M USDD using 2M USDT on #Sun
3. Withdraw 6M USDC on #JustLend and transferred out
4. Transfer 60M USDT to @binance

tronscan.org/#/address/TPyjโ€ฆ
Based on the record, Justin usually:

1. Transfer $USDT on #Tron to binance
2. Transfer $USDC/ $BUSD out from binance on Ethereum
3. Cashed out them on #Paxos and #Circle.

Let's see if Justin will do this again.

Since the last time we posted about this, Justin cashed out $88.5M $BUSD on the last day of 2022.
Read 5 tweets
1/ $USDD is not safe!

#USDD has been depegged since Nov 9 and has not returned to the peg!

#USDD reserves decreased by 548M $USDC

Justin Sun used the 350M $USDC in the reserve to repay the loan in #Justlend.

The real Collat. Ratio is only 50%!

Here is some evidence.๐Ÿ‘‡
2.

#USDD has been depegged since Nov 9 and has not returned to the peg!

Now the trading price is $0.9812.

And #USDD accounts for 81.25% of the Curve USDD/3CRV pool.
3.

On Nov 10, #TRON still had 990M $USDD in its reserves, and now there is only 442M $USDC left.

548M $USDC disappeared? @justinsuntron

Read 10 tweets
1/ $USDD has started to depeg and is trading at $0.9788.

The USDD vs. USDC/USDT/DAI pool is out of balance, with USDD accounting for 82.27%.

What you need to know about $USDD.๐Ÿ‘‡
2/

What happened on on-chain?

On November 8, whale 0x3f34 exchanged 4,495,446 $USDD for 4,466,269 $USDT, with a ratio of 0.9935.

After that, $USDD started to depeg.

18 hours ago, whale 0x3155 exchanged 6,653,731 $USDD for 6,519,662 $USDC, with a ratio of 0.9799.
3/

How about the #Tron reserve for $USDD?

The total $USDD supply is $725M and total collateral $2B.

Collat. Ratio is 283.01%
usdd.io/#/
Read 6 tweets

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