Discover and read the best of Twitter Threads about #Synthetics

Most recents (3)

🧵Introducing Stader ETHx - Liquid Staking Derivative (LSD)

@staderlabs #ethereum #Staking 👇
1/ Liquid staking has gained significant attention in the crypto space, and @CroutonDigital has introduced a fascinating derivative called Stader ETHx, which stands for Liquid Staking Derivative (LSD). Let's explore its features and potential benefits. #Crypto #LiquidStaking
2/ Stader ETHx allows users to trade liquid staked Ethereum (ETH) derivatives. It enables ETH holders to access the benefits of staking while maintaining the flexibility to trade and utilize their ETH for other purposes. #Staking #Ethereum #DeFi
Read 9 tweets
Day 1 after EU Crypto Catastrophe:
A post-mortem & How to win the war!

Yesterdays battle for EU crypto, for privacy, for Web3 & for DEFI was lost.

It left big & bleeding wound. Few won, only winner was FUD

Future of EU crypto will be determined by what we do now...

A 🧵
The spill-over from this EU crypto crisis on other jurisdictions will harm all. We needs to stand together.

Save Web3, Defi, DAOs, Metaverse & everything crypto by countering this sneak-attack on privacy & freedom to transact

Let’s quickly look at status quo & what happened:
The Positive:

😀 Huge progress in support among politicians in last 72 hours. Rare to see something like this. CT succeeded!

😀 Crypto giants #Coinbase, #Gemini & #Ledger stood up & raised our key concerns.

😀 EU crypto networks entered CT dog-fights towards the end
Read 15 tweets
Synthetic assets are now available @THORChain. Why is this a big deal? Follow the 🧵

#DEFI $RUNE #SYNTHETICS #ActiveTheSynths
Let's start by defining what a synthetic asset is, and what makes it different than a wrapped asset.
A wrapped asset is collateralized by the asset its wrapping, while a synthetic is collateralized by one more assets (synthesizing an asset from multiple).
Because wrapped assets have no correlation to the security of the network, they can and often exceed the value of the network securing it. THORChain's synthetics are collateralized by the pools, so 50% the asset, and 50% $RUNE.
Read 9 tweets

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