Discover and read the best of Twitter Threads about #Spookyswap
Most recents (3)
1) Since the fall of many notable exchanges a lot of users are asking themselves:
• Should I use a #DEX?
• Which ones should I use?
🧵👇
• Should I use a #DEX?
• Which ones should I use?
🧵👇
2) “Not your keys, not your crypto”
FTX’s collapse is a symptom of a problem inherent to ALL centralized exchanges, also known as custodial exchanges.
Customers tokens parked on the platform are exposed to the risk the exchange could go bust.
FTX’s collapse is a symptom of a problem inherent to ALL centralized exchanges, also known as custodial exchanges.
Customers tokens parked on the platform are exposed to the risk the exchange could go bust.
1) Common. One of the first products being build on $AZERO and due to release this year.
Common isn't just a dex. It's going to be the dex of all dexes.
A thread 🧵what "Common" is all about and why you should pay attention.
Read on 👇
@get_common @Aleph__Zero @AntoniZolciak
Common isn't just a dex. It's going to be the dex of all dexes.
A thread 🧵what "Common" is all about and why you should pay attention.
Read on 👇
@get_common @Aleph__Zero @AntoniZolciak
2) Common is a decentralized exchange. A place where you can safely trade your assets without a middleman.
You can trade peer to peer directly from the comfort of your own private wallet. Unlike a centralized exchange you are always in control of your own assets.
You can trade peer to peer directly from the comfort of your own private wallet. Unlike a centralized exchange you are always in control of your own assets.
3) Decentralized exchanges are nothing new. They have been rising in popularity the last couple of years and every native network has multiple ones.
Some of the more popular ones you may already know are:
#uniswap on ethereum
#PancakeSwap on smart chain
#spookyswap on fantom
...
Some of the more popular ones you may already know are:
#uniswap on ethereum
#PancakeSwap on smart chain
#spookyswap on fantom
...
1/ Provide liquidity for stablecoin pairs and earn 60% APR with low risk?! Here's how it works, and the risks you should be aware of 👇🏴☠️
#DeFi #LiquidityPools #YieldFarming #StableCoin #cryptocurrency #crypto #stablecoins $USDC $UST $USDT $DAI $MIM $LUNA $BTC $ETH
#DeFi #LiquidityPools #YieldFarming #StableCoin #cryptocurrency #crypto #stablecoins $USDC $UST $USDT $DAI $MIM $LUNA $BTC $ETH
2/ In the 2021 cryptocurrency space, there are many different stablecoins:
Some like @Tether_to's $USDT or $USDC are centralized and (supposedly) backed by assets. 🏦
Others like #Terra $UST are #algorithmic, relying on #arbitrage to bring the value back to peg. 🌕
Some like @Tether_to's $USDT or $USDC are centralized and (supposedly) backed by assets. 🏦
Others like #Terra $UST are #algorithmic, relying on #arbitrage to bring the value back to peg. 🌕
3/ These stablecoins might only exist on a specific chain like #ethereum, #avalanche, #terraluna, #fantom, #solana or they may have contracts on many different chains. 🎁
