Discover and read the best of Twitter Threads about #depeg
Most recents (5)
1/ Negli ultimi giorni c’è molto timore dietro i token wrapped di Bitcoin. Ho già sollevato qualche qualche giorno fa la questione di wBTC, ma facciamo un piccolo recap perché ci sono delle cose che DEVI sapere!
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2/ C’è una forte incertezza dietro al token #renBTC per via del suo legame con #alamedaresearch. Ma, a differenza di #wBTC possiamo vedere che il suo valore è ancora peggato, sostanzialmente perché c’è ancora il collaterale a sostenerne il prezzo
coingecko.com/it/monete/renb…
coingecko.com/it/monete/renb…
3/ La bancarotta di #alameda ha prosciugato le casse del team che sta dietro il progetto. Per questo chiuderà l’attuale versione di #ren in favore di una sorta di #renDAO. Qui @renprotocol ci spiega tutti i dettagli:
Why has @defichain's dUSD been DEPEGGED for more than 5 months?
1/19 🧵 on the Top10 TVL chain that CT doesn't talk about
1/19 🧵 on the Top10 TVL chain that CT doesn't talk about
2/19
Defichain was created by Julian Hosp and partnered with his company, CakeDeFi.
With Hosp's history in TenX and Lyoness, many have wondered if this is the next Cefi rugpull.
Interestingly, CakeDefi is compared to other defunct lenders on their own website. Up to 23.9% APY!
Defichain was created by Julian Hosp and partnered with his company, CakeDeFi.
With Hosp's history in TenX and Lyoness, many have wondered if this is the next Cefi rugpull.
Interestingly, CakeDefi is compared to other defunct lenders on their own website. Up to 23.9% APY!
3/19
For a chain that's called "Defi"chain, its TVL seems overly reliant on just two Dapps. Even His Excellency's Tron has 10.
For a chain that's called "Defi"chain, its TVL seems overly reliant on just two Dapps. Even His Excellency's Tron has 10.
OUTSTANDING DE-PEGGED STABLECOIN
Our @Cardano ecosystem is also having our own stablecoin, known as $DJED - @DjedStablecoin. However, before deep diving into the $DJED, let’s take a first look at other stablecoins on the crypto market to have a lesson.
#stablecoin #depeg
Our @Cardano ecosystem is also having our own stablecoin, known as $DJED - @DjedStablecoin. However, before deep diving into the $DJED, let’s take a first look at other stablecoins on the crypto market to have a lesson.
#stablecoin #depeg
@Cardano @DjedStablecoin 1. Well, if you guys are involved in the crypto market lately, I am sure you guys shall be familiar with $UST ($USTC) of the @terra_money ecosystem. $UST is the algo-stablecoin, which has been guaranteed by $LUNA ($LUNC).
#stablecoin #depeg
#stablecoin #depeg
@Cardano @DjedStablecoin @terra_money 2. In May, we don't know yet if this is a purposely attack or anything else behind this mess, $UST had lost its peg and completely went to nearly 0. Since then, $UST is just like a meme token for traders to speculate, not remaining its role as a “stablecoin”
#stablecoin #depeg
#stablecoin #depeg
How did we speculate on the market based on information appearing on the anonymous #web3 bigsb.io platform?
We check if the information in #bigshortbets is reliable!
THREAD 🧵⬇️
We check if the information in #bigshortbets is reliable!
THREAD 🧵⬇️
[1/x] CHAPTER ONE - #LUNA & $UST
It was a very high-profile case, for several months we were talking about the potential demise of LUNA in many media, even @dokwon engaged in insulting @rafal_zaorski.
We started in January, there are some baits about.
bigsb.io/bait/9035ef00-…
It was a very high-profile case, for several months we were talking about the potential demise of LUNA in many media, even @dokwon engaged in insulting @rafal_zaorski.
We started in January, there are some baits about.
bigsb.io/bait/9035ef00-…
1. If $UST ends up in a death spiral and cannot snap back to hold the peg, that really means the end of algo -stablecoin era, and all algo-stablecoin holders should now swap for $DAI, $USDC or $USDT. Here’s why:
@LFG_org @stablekwon @terra_money
@LFG_org @stablekwon @terra_money
2. To be a resilient stablecoin, you need to have (i) the economy of scale or (ii) enough backing with the underlying asset for users to redeem. $UST is definitely the first type. It bootstraps the liquidity and scale to a $18B crypto asset - top 10 market cap, too big to fail
3. Before the avalanche of algo-stablecoins taking place, $UST should be the only one whose volatility absorber $LUNA is also the native token for the whole successful #Terra blockchain. This creates a lot of use cases: whenever you spend on $LUNA, it creates a source of demand.
