Discover and read the best of Twitter Threads about #StableCoins

Most recents (24)

Lobster Daily #505 โ€“ Daily Recap โ€“ 15 August: Image
1. ยซDoes anyone know of a library or api where you can detect all the #tokens a wallet has?ยป
Link to discussion ๐Ÿ‘‡โ€ฆ
2. Is there any insurance that still works?
Link to discussion ๐Ÿ‘‡โ€ฆ
Read 9 tweets
Lobster Daily #497 โ€“ Daily Recap โ€“ 8 August:
1. How will @LiquityProtocol handle the ETH PoW and PoS drama?๐ŸŽญ
Link to discussion ๐Ÿ‘‡โ€ฆ
2. Best address visualization tool?๐Ÿค”
Link to discussion ๐Ÿ‘‡โ€ฆ
Read 7 tweets
From #CMC x @glassnode Report #1:

During this de-leveraging process, many investors sought safety in #stablecoins.

This is the first time in history, the aggregate value of these stablecoins has now flipped #Ethereum.

๐Ÿ”ธ $USDT circulating supply declined by an incredible -$17.24 Billion since 11 May.
๐Ÿ”ธ $USDC supplies have risen by $7.3B over the same period of time.
๐Ÿ”ธ $BUSD supplies have also grown by $0.7B.
๐Ÿ”ธ $DAI supplies have contracted by $1.6B.

Competition is rising, and market preference appears to be structurally shifting.

The result of these supply shifts is a notable shift in dominance between the top 4 stablecoins.

Read 4 tweets
A project I recently got back into after a few months of waiting .. @moonrabbitAZ .. Few things theyโ€™ve done which Iโ€™m excited about :

A thread ๐Ÿงต 1/4

They have just released their #Defi 2.0 jurisdiction which offers a generous 1500 - 3000%. This is offered to those staking popular #Cryptocurrencies such as $AAA $BAT $BTC and $ETH and #Stablecoins
3. The #Defi 2.0 jurisdiction will enable users to take trust less loans, by providing one #Crypto asset as collateral and borrowing another one at a fixed interest rate ๐Ÿค
Read 4 tweets
The European Central Bank (#ECB) recently issued 3 reports in order to pass the biggest Crypto Law:

Markets in Crypto-Assets (#MiCA)

Will the crypto ecosystem suffer from these laws?

Will the ECB gain full control of the cryptocurrency market?

We deconstruct it for you: ๐Ÿ‘‡๐Ÿงต Image
1/9 Get the latest news and research from M6 Labs directly in your inbox before Crypto Twitter!

Subscribe to our Substack for institutional quality content curated by a community of degens:

The ECB warned policymakers that crypto might be threatening the financial stability of the economy

The ECB also urged policymakers to pass the Markets in Crypto-Assets (MiCA) law

The ECB is concerned about the contagion risks that the #crypto markets possess
Read 10 tweets
GTON Capital: reimagining the #utility and #scalability of #Web3

1/โšœ๏ธ The @GtonCapital team is building an ecosystem of innovative web3 infrastructure and products by synergizing the best achievements of decentralized web technology a brave little baby is expl...
2/โšœ๏ธ The vision of the $GTON team presents a new phase in the evolution of the #cryptocurrency landscape, with decentralized #stablecoins and scalable #smartcontract execution layers at its core, enabling millions of #dApps to improve the lives of billions of users
3/โšœ๏ธ We are currently facing a "Cambrian explosion" of alt-L1 and L2 protocols, #DeFi dApps and #NFT, #GameFi and X2Earn business models, and #Metaverses
Read 17 tweets
Leveraging on @SturdyFinance to deploy a #Long strategy on $BTC and make profits๐Ÿ’ธ๐Ÿ’ธ

The bear season is usually made of so many volatilities in almost all assets with the exception of #Stablecoins.
So now the big question is; how does one earn during the bear market?๐Ÿคท Image
When the market gets rough and your holding values goes left and right, up and down, staking comes as a good way of creating some passive income from current stash.
So you might want to consider staking with a defi lending and borrowing provider with lower fees.
Most crypto traders often neglect or forget about the small holdings or left overs, but if you stake this, you invest for the future because you will surely earn.
Here I'll show you how to leverage on @SturdyFinance to deploy a long strategy on $BTC and make profits ๐Ÿ’ธ๐Ÿ’ฐ๐Ÿš€
Read 11 tweets
Due to the volatility of #crypto prices, impermanent losses are unavoidable. However, you can still avoid them.

Letโ€™s find out how?

Thread ๐Ÿงต
#Stablecoins are the best way to guard against impermanent losses. In addition to their low volatility, stablecoins offer low arbitrage opportunities, thus reducing the risks.
Avoid Volatile LPs and Pairs: Pick pairs with a low volatility history instead of #cryptos that have an unstable or volatile history.
Read 6 tweets
So far this month at $OCEAN was incredible! There was overwhelming development,media coverage and activity on V4 #Web3 data marketplace
Datasets | Users | Total $OCEAN locked | TVL is/are already better and greater than in V3
Here's a recap/summary of this glorious month ๐Ÿงต
a)At @wef's #Davos2022 $OCEAN founder @BrucePon put forward his vision on the future of Ocean,Metaverse and the new #DataEconomy
It was a massive success,many firms were attracted including @cypher_capital and it brought spotlight on $OCEAN Image
b) There was a demo by @EuProGigant & @deltaDAO where they shared the vision of the manufacturing industry's internet of tommorow as a #data exchange platform,audience was there
This initiative is powered by $OCEAN and it is a key part of it Image
Read 19 tweets

Dive in to learn more about @YetiFinance! This thread ๐Ÿงตwill cover 4 main points:
- What problems does CDP solve?
- What is Yeti Finance?
- How does it work?
- Yeti Finance's Stablecoin: $YUSD


Lending projects for #DeFi have similar role as banks in traditional markets, where they allow capital to flow freely and stimulating economic development.

Lending projects are classified into 2 types: Third party and First party. ๐Ÿ‘‡
Third Party: An intermediary protocol for users to deposit tokens to earn interest and receive profit when lending those tokens back to others.
- Users can borrow & lend
- Not sufficient when the demand for #stablecoins loans is large
- Featured project: @AaveAave with TVL: $6.3B
Read 36 tweets
Not many know this: DeFi Option Vaults (DOVs) have gained tremendous popularity over the past few quarters. The potential for DOVs to revolutionize DeFi in the coming years is HUGE.

Learn more ๐Ÿงต๐Ÿ‘‡

#WebTr3e ๐ŸŒณ #DeFi #DOVs #Options Image
What are DOVs? ๐Ÿ‘€

DOVs are automated vaults that use options as their underlying product to generate returns. At its peak, DOVs accounted for >$500M of the total #TVL in #DeFi options.

2 reasons why DOVs are a force to be reckoned with:
1๏ธโƒฃ DOVs democratize complex options strategies to the masses
2๏ธโƒฃ DOVs bring high organic yield to DeFi

We believe that DOVs will shape the #DeFi space moving forward. ๐Ÿš€

Read 22 tweets
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. ๐Ÿงต 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
@ethereum @MakerDAO At its core, we have Maker Protocol. It is essentially a set of smart contracts that provide all the rules for this financial system.

This may sound confusing, so let's use a simple analogy! 3/n
Read 32 tweets
1/10 Tonight question was about #TVL on #DEFI, and i just asked myself is there any TVL leakage from DEFI since the turmoil we are all facing the past 6 months? Let's dig into some data here as parf of my 2nd ๐Ÿงตand see where the #smartmoney has been going ?๐Ÿ‘‡
2/10 TVL on @Defilama is now sitting below 100b, decreasing by almost 28% in a week and divided by 3 since $BTC #ath. Image
3/10 On the other hand, #crypto total market cap is sitting at 898b, and as the DEFI TVL, "just" decreased also by 26% in a week and divided by 3 since $BTC #ATH. Image
Read 14 tweets

Tras lo sucedido con #Celsius, hemos visto como algunas de las principales #Stablecoins del mercado han comenzado a tambalearse de nuevo haciendo saltar todas las alarmas ๐Ÿšจ

Pero, ยฟPor quรฉ estรก pasando esto?

Abro Hilo ๐Ÿงต 1/18
Todo comenzรณ el pasado Lunes 13 de Junio, cuando tras el anuncio de la pausa en los retiros, Celsius se desplomรณ mรกs de un 70%.

Una caรญda que arrastrรณ al resto del mercado, y que ha puesto en el punto de mira a las #StableCoins... Image
Con dos protagonistas principales, #USDT la Stablecoin mรกs grande del mundo ๐ŸŒ en la actualidad, y #USDD la Stablecoin Algorรญtmica de #TRON Image
Read 18 tweets
A longer tweet than i am usually accustomed toโ€ฆ

#Bitcoin was born out of the Great Financial Crisis as a solution to the perceived failures of fiat & centralized systems.Bitcoinโ€™s price is very volatile, so to gauge how well it is faring, we need to view the big picture: ๐Ÿงต

Michigan consumer sentiment just came out at 50โ€”The lowest score in 85 years.

Inflation is at a 40-year highโ€”Even by new metrics that bias it to the downside.

Jobs, up from last year, are still lower than before the pandemic, and the stock markets are starting to roll over.

"๐‘ฐ ๐’…๐’๐’'๐’• ๐’•๐’‰๐’Š๐’๐’Œ ๐’•๐’‰๐’†๐’“๐’†'๐’” ๐’ƒ๐’†๐’†๐’ ๐’‚๐’๐’š ๐’ˆ๐’“๐’†๐’‚๐’•๐’†๐’“ ๐’†๐’๐’ˆ๐’Š๐’๐’† ๐’๐’‡ ๐’Š๐’๐’†๐’’๐’–๐’‚๐’๐’Š๐’•๐’š ๐’•๐’‰๐’‚๐’ ๐’•๐’‰๐’† ๐‘ญ๐’†๐’…๐’†๐’“๐’‚๐’ ๐‘น๐’†๐’”๐’†๐’“๐’—๐’† ๐‘ฉ๐’‚๐’๐’Œ ๐’๐’‡ ๐’•๐’‰๐’† ๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’” ๐’•๐’‰๐’† ๐’๐’‚๐’”๐’• 11 ๐’š๐’†๐’‚๐’“๐’”."

- Stan Druckenmiller, August 23, 2021

Read 31 tweets
USDC- safe alternative to USDT. Most people think so.

Wait, there's more. I believe #USDC is the McDonald's of #stablecoins.

My thesis on why USDC is a sleeping giant, risk assessment, and possible alphas.

This is part 3 of the #stablecoinwar series. Let's dive in. ๐Ÿงถ 1/n
I'm going to get to what I mean by McDonald's of stablecoins. Ngl, I was blown away while reading @centre_io's whitepaper.

So let us run through how #USDC works, and I'll tell you about Centre's audacious vision. 2/n
@centre_io Similar to #USDT, USDC is a fiat-backed stablecoin. I've gone through the 3C framework and USDT in previous threads, so I won't go into detail here. (No worries, I'll link them at the end of this thread.)

Remember how USDT is backed by a confusing list of financial assets? 3/n
Read 28 tweets
NY put out legal guidance for #StableCoin regulation.

It is worth a ready but I will highlight what I found to be important.โ€ฆ
Purpose of the guidance:

1. the redeemability of such stablecoins;
2. the asset reserves that back such stablecoins (the โ€œReservesโ€); and
3. attestations concerning the backing by these Reserves.
i.e., at a 1:1 exchange rate for the U.S. dollar, net of ordinary, well-disclosed fees โ€” subject to reasonable, non-burdensome conditions including otherwise applicable legal or regulatory requirements, such as the ability of the stablecoin holder to onboard with the issuer.
Read 8 tweets
A bipartisan #crypto bill was introduced yesterday, 7 June ๐Ÿ‘€๐Ÿ“

Also known as the Responsible Financial Innovation Act, @SenLummis and @SenGillibrand proposed a regulatory framework for digital assets in the bill. Here are the key takeaways in case you missed it:

1๏ธโƒฃ Definitions

The bill recognizes #crypto as digital assets and makes a clear distinction between tokens that are considered securities vs. commodities. The class a token falls into will be evaluated by its purpose and the rights conveyed to its holders.

Based on the legislation, most #cryptocurrencies like #Bitcoin and #Ether are defined as "ancillary assets" which fall under commodities.

Read 13 tweets
1/ Weโ€™ll be posting throughout the day with our thoughts on the #crypto bill released today by @SenLummis and @SenGillibrand, the Lummis-Gillibrand Responsible Financial Innovation Act
3/ #LummisGillibrandBill would authorize depository institutions to issue payment stablecoins
Read 18 tweets

๐Ÿ‘‰ Lending Loops

Let's talk about lending loops. These are far and away one of the most #degen strategies you can employ.



Because, in a normal lend/borrow situation, you risk your collateral, but you still have the asset you borrowed.

In a lend loop, you risk EVERYTHING;
Your collateral AND your borrowed asset.

If you get liquidated, you have NOTHING.

First, let's talk briefly about how lending and borrowing work, so the loop scenario becomes a bit more clear.

In traditional finance, when you borrow money, you either put up something for collateral (your house or car) or the lender takes a risk based on your credit.

Read 33 tweets
๐Ÿงตon all IBC connected chains in Cosmos and how we came from no #IBC to around 48 active IBC chains and 70%+ in developer growth in 2021. We explore all #Cosmos IBC chains in an easy to digest thread. Or through Mediumโ€ฆ #IBCGang #ATOM @cosmos
2) #Cosmos has been having rapid growth over the last couple of years. To give a little context Interโ€Blockchain Communication protocol (#IBC) was only approved on March 29th, 2021 from governance proposal #41.
3) According to a report by Electric Capital Cosmos had a 70% growth in developers in the #Cosmos ecosystem in 2021. This will only continue to grow as Cosmos technology improves and more tools come such as EVM-based chains.
Read 131 tweets
In a recent blog article @VitalikButerin put out two thought experiments to evaluate automated #stablecoins.โ€ฆ

Iโ€™d like to address the second one: what happens if you try to peg the stablecoin to an index that goes up 20% per year?

Vitalik claims that it will turn out as either of two ways:

1. It charges some negative interest rate on holders that equilibrates to basically cancel out the USD-denominated growth rate built into the index.
2. It turns into a Ponzi, giving stablecoin holders amazing returns for some time until it suddenly collapses with a bang.

Read 18 tweets

Le monde pleure la fin du bull-run, les portefeuilles sont ร  l'agonie, le nasdaq est en chute libre, la famine guette, la guerre fait rage et @Lagarde rejette les #cryptos. ๐Ÿ˜ญ

Mais il y a de l'espoir (en tout cas pour la #Crypto )๐Ÿ‘‡
Ceux qui sont dans la #crypto considรจrent que cet espace รฉvolue par cycles, alternant entre des pรฉriodes de forte activitรฉ et des "hivers cryptos".

Il y a eu trois cycles jusqu'ร  prรฉsent. Le premier a atteint un pic en 2011, le deuxiรจme en 2013 et le troisiรจme en 2017.
Ces cycles semblent chaotiques mais ont un ordre assez prรฉcis :

1โƒฃLe prix du #bitcoin et des #cryptomonnaies augmente
2โƒฃL'activitรฉ sur les mรฉdias sociaux monte
3โƒฃDe nouvelles idรฉes รฉmergent
4โƒฃDe nouvelles startups se lancent
5โƒฃLe cycle recommence
Read 14 tweets
#TerraLuna Lessons Learnt

What can we learn from the collapse of one of the biggest crypto ecosystems, $Luna and $UST?

Here is what you need to know.

Too big to fail.

โ€ข There are no impregnable castles.
โ€ข There are no irreplaceable people.
โ€ข Neither crypto ecosystem is too big to fail.

โ€œThings always become obvious after the factโ€

Black Swan.

This is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.

Black swan events are characterized by their extreme rarity, severe impact, and widespread insistence they were obvious in hindsight.

Read 16 tweets

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