Discover and read the best of Twitter Threads about #renBTC

Most recents (6)

$CRV wars. $CVX war chests.

$LSD wars. $FRAX, $LDO, $RPL.

Many convergent narratives unfolding.

He who controls the liquidity controls the blockchain.

New player in town.

🧵 $SOLID Thread. Read until the end for deep Alpha. [1/17]
$SOLID, @SolidlyDEX, launched at the very beginning of January on Ethereum.

Posed to be an improvement to Curve's Gauge & ve model, $SOLID is the most efficient on-chain liquidity gateway.

$SOLID is natively supporting gauges, bribes, stable and volatile pairs. [2/17]
Let's state just a few of $SOLID's official launch partners:
- $FRAX @fraxfinance
- #renBTC @renprotocol
- $YFI @iearnfinance
- $DEUS @DeusDao

We may've talked for long about $CRV and $CVX wars.

We'll soon start talking about $SOLID wars. [3/17]
Read 18 tweets
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!

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…
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:

Read 14 tweets
🚨Just woke up to the FTX hacker dumping ETH

But didn't Reuters report that the 'hack' was actually the Bahamas SEC?

Are the Bahamian regulators dumping the ETH or is there confusion on who the hell the hacker is?
The Securities Commission of The Bahamas said it had seized digital assets of FTX's Bahamas unit, an action that the collapsed crypto exchange's U.S.-based leadership initially believed to be a "hack." - Reuters on Nov 18
Dumping transactions:

"25,000 #ETH (30,170,267 USD) transferred from FTX Hack to unknown wallet" -…

" 1,753 #BTC (28,922,203 USD) transferred from #RenBTC to unknown wallet" -…
Read 10 tweets
⚠️ Further twists in the #FTX saga by @elliptic . Money laundering is under way using a service owned by Alameda/FTX

The Ether taken from FTX is currently being converted to #RenBTC, which allows it to be moved over to #bitcoin using a service called RenBridge, operated by Ren.
Ren was acquired by Alameda Research last year:

#ftxcrash #ftxbankruptcy #cryptocurrency #financialcrime
The use of RenBridge in this way is textbook black hat hacker. Elliptic research showed how the service has been used to launder hundreds of millions of dollars in #crypto from ransomware, hacks:
Read 5 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
🧑‍🌾So I've been earning 30% APY (or more) because I tokenized BTC to #renBTC using @renprotocol's #RenBridge and am #yieldfarming in @BalancerLabs!

🤣Wish I could be a fly on the wall when a Bitcoin maxi today realizes #DeFi on #Ethereum is earning 5X the returns paid by BlockFi.
Watch the full video here step-by-step how I did it on my YouTube channel:
🤷‍♂️I might be exchanging counterparty risk and personal data exposure with BlockFi for smart contract risk and even counterparty risk in WBTC (BitGo), but end of day, I'm 100% in control of my assets in @BalancerLabs.

🚀And I'm earning 6X the return.

😎So yeah, Dad's all good.
Read 5 tweets

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