Discover and read the best of Twitter Threads about #collateralized

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Why’s everyone so excited about the possibilities of zk-SNARKs?

What makes them believe it’s a paradigm change in how we interact with each other in the 21st century?

The only way to figure that out is to look at the actual utilities of #zkSNARKs – A thread 🧵👇
Zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) are a truly ingenious method of proving that something is true without revealing any other information.

Let’s have a look at zk-SNARK utilities. These can be broadly classified into four categories: ⏬
#1: Anonymous authorization

Anonymous authorizations using zk-SNARKs can prove that one owns a monthly pass to a subway/metro without revealing the card’s ID.

Or prove that one is in a list of allowed countries/states without revealing from which one exactly.
Read 10 tweets
[#THREAD] 𝗧𝗼𝘂𝘁 𝘀𝗮𝘃𝗼𝗶𝗿 𝘀𝘂𝗿 𝗹𝗲𝘀 #stablecoins

Il s'agit d'un type de crypto qui tente d'apporter de la stabilité à ce marché très volatil.

Je vais volontairement simplifier et les classer en 4 grandes familles

Voyons leurs points forts et leurs points faibles🧵⬇
1. Les stablecoins centralisés:
Ce type de stablecoin est le standard. Le concept est simple, pour 1$ sur la blockchain, il est censé y avoir 1$ dans un compte en banque #Fiat #collateralized

Point fort: Robuste
Point faible: Centralisé Censurable⬇
2. Les algorithmiques: $UST $USDD $IRON $USDN
Ils ne reposent pas sur une réserve en fiat mais sur un mécanisme brûlant ou créant des jetons en fonction du besoin.

Point fort: Transparent / "Décentralisé"
Point faible: Instable / Fragile / Risqué / Repose sur la confiance ⬇
Read 8 tweets
I came across a new project called @vestafinance and decided to dive deeper into it because it drew my attention. Why?

Let’s make a 🧵👇🏽 about it!
First things first, what is @vestafinance? It is a #collateralized #debt protocol which means that the protocol allows for borrowing with a slight over-collateralization of just 110% instead of the usual 150 - 180% rates in $DeFi.
At the launch of the project you can deposit #ETH/#gOHM/#renBTC to mint $VST. (This is the stablecoin which can be minted through the protocol). If wanted, the $VST can always be converted back to redeem the underlying collateral.
Read 18 tweets

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