Discover and read the best of Twitter Threads about #stablecoin
Most recents (24)
Thread Alert: Avalanche [AVAX] confirms plans to host a new stablecoin called USP 
1/ Avalanche has officially announced that it will support the new stablecoin USP created by Platypus DeFi. The stablecoin will be added to Avalanche's main pool, playing a crucial role in maintaining its stability.
2/ The collateralization mechanism for USP will utilize other stablecoins, making it a reliable option for users. This move is expected to increase demand for Avalanche's native cryptocurrency AVAX, as it will provide more utility for the Avalanche network.
1/13 The bussin LSD Narrative: Will Lido's share of ETH stake skyrocket after the Shanghai upgrade?
What will happen to the withdrawn ETH? 🧵
What will happen to the withdrawn ETH? 🧵
2/13
A quick mention to @ViktorDefi for pointing out this narrative! 💪
Give it a read if you haven't yet 👇
A quick mention to @ViktorDefi for pointing out this narrative! 💪
Give it a read if you haven't yet 👇
3/13
ETH's staking ratio isn't too great compared to other chains and a few reasons include:
- High risk associated with the inability to withdraw stake
- Capital inefficiency of having >32ETH.
ETH's staking ratio isn't too great compared to other chains and a few reasons include:
- High risk associated with the inability to withdraw stake
- Capital inefficiency of having >32ETH.
#Cardano $ADA has seen an impressive 30% increase in price over the past week - here are 4 possible reasons for this rally #CardanoCommunity
🧵A thread by @esatoshiclub
🧵A thread by @esatoshiclub
1. Cardano's #TVL has skyrocketed by 40% since the start of 2023! At the moment, it stands at around $67.29 million and @MinswapDEX holds the majority of it.
LOS ORÍGENES DE $USDT.
¿Cómo y por qué se creó #Tether? ¿Qué hay detrás de la #stablecoin más grande del mercado?
En este hilo os vamos a mostrar los inicios de Tether y la verdad oculta de cómo su token creció tanto de repente.
Dentro hilo 🧵👇🏻
1/
¿Cómo y por qué se creó #Tether? ¿Qué hay detrás de la #stablecoin más grande del mercado?
En este hilo os vamos a mostrar los inicios de Tether y la verdad oculta de cómo su token creció tanto de repente.
Dentro hilo 🧵👇🏻
1/
Empezaremos por sus orígenes:
En 2012 se crea en Hong Kong la empresa IFinex Inc, que se convertiría más adelante en la poseedora de Tether Ltd y el exchange Bitfinex.
#Bitfinex fue uno de los exchanges de #criptomonedas más grandes del mundo.
2/
En 2012 se crea en Hong Kong la empresa IFinex Inc, que se convertiría más adelante en la poseedora de Tether Ltd y el exchange Bitfinex.
#Bitfinex fue uno de los exchanges de #criptomonedas más grandes del mundo.
2/
A su vez, en 2012, JR Willet (famoso por haber concebido la primera ICO) publicaba un whitepaper en el que describía la posibilidad de construir nuevas criptomonedas sobre la blockchain de Bitcoin. Así nació la fundación Mastercoin.
3/
3/
1/21
To find a glimmer of hope in the bear market, you need to follow stablecoin trends.
Following this trend will lead you to Y2K Finance (@y2kfinance)
The Ultimate Guide to Y2K Finance🧵
To find a glimmer of hope in the bear market, you need to follow stablecoin trends.
Following this trend will lead you to Y2K Finance (@y2kfinance)
The Ultimate Guide to Y2K Finance🧵
2/21
Before I dive in, a quick mention to @BanklessHQ since I wouldn't have found @y2kfinance and written this thread without them.
Here's what I'll cover:
- Stablecoin trends
- Overview of Y2K
- Thesis
Before I dive in, a quick mention to @BanklessHQ since I wouldn't have found @y2kfinance and written this thread without them.
Here's what I'll cover:
- Stablecoin trends
- Overview of Y2K
- Thesis
3/21
2022 saw a significant rise in stablecoin hodlers
When the total crypto market cap dropped, the stablecoin market cap is bound to drop. But stablecoin dominance paints a different story:
2022 saw a significant rise in stablecoin hodlers
When the total crypto market cap dropped, the stablecoin market cap is bound to drop. But stablecoin dominance paints a different story:
1/27 This top 10 TVL chain has been secretly BUIDLing since 2017🐱👤
NOBODY on CT is talking about the Mixin Network
So here's CT's very first DEEP DIVE into @Mixin_Network
🧵
NOBODY on CT is talking about the Mixin Network
So here's CT's very first DEEP DIVE into @Mixin_Network
🧵
2/27
Mixin has been working on exactly what Telegram is trying to achieve - Superapp status.
A quick primer on super apps:
Mixin has been working on exactly what Telegram is trying to achieve - Superapp status.
A quick primer on super apps:
3/27
If I had to take a stand on the super-app race situation:
Mixin is FARRR.. far.. behind
A key metric for chat apps is user adoption.
Telegram has 700M+ users, Mixin has barely 0.015% of that.
If I had to take a stand on the super-app race situation:
Mixin is FARRR.. far.. behind
A key metric for chat apps is user adoption.
Telegram has 700M+ users, Mixin has barely 0.015% of that.
1/20 EMURGO's $USDA could be Cardano's very FIRST live stablecoin.
And how the XRP Lawsuit could affect Cardano and $USDA. 👇👇
A New Year Deep Dive🧵
And how the XRP Lawsuit could affect Cardano and $USDA. 👇👇
A New Year Deep Dive🧵
2/20
EMURGO is the commercial arm of Cardano formed in 2017
EMURGO builds partnerships and business ventures with organizations globally to educate people about Cardano and support dApp development.
Overall, the goal of EMURGO is to promote the growth and widespread adoption
EMURGO is the commercial arm of Cardano formed in 2017
EMURGO builds partnerships and business ventures with organizations globally to educate people about Cardano and support dApp development.
Overall, the goal of EMURGO is to promote the growth and widespread adoption
3/20
EMURGO recently introduced $USDA, the first USD-backed stablecoin for the Cardano ecosystem in Nov 2022.
It is backed by cash & govt. debt.
EMURGO recently introduced $USDA, the first USD-backed stablecoin for the Cardano ecosystem in Nov 2022.
It is backed by cash & govt. debt.
1/34 The Ardana and Orbis catastrophe.
Was it a rug or poor strategy & planning?
The 2 Cardano projects swept under the rug while CT was focused on the FTX saga 👇
🧵
Was it a rug or poor strategy & planning?
The 2 Cardano projects swept under the rug while CT was focused on the FTX saga 👇
🧵
2/34
Cardano is a public blockchain focused on providing a secure and scalable platform for developing and executing smart contracts and dApps.
Being in development since 2015, Cardano has one of the most diverse ecosystems with over 1,000 active dApps.
Cardano is a public blockchain focused on providing a secure and scalable platform for developing and executing smart contracts and dApps.
Being in development since 2015, Cardano has one of the most diverse ecosystems with over 1,000 active dApps.
3/34
Cardano's decentralized team is spread across 3 entities:
1. EMURGO - commercial arm
2. IOHK - tech & engineering
3. Cardano Foundation - oversees Cardano
Cardano's decentralized team is spread across 3 entities:
1. EMURGO - commercial arm
2. IOHK - tech & engineering
3. Cardano Foundation - oversees Cardano
If you're not balls deep into holding $Qnt going into 2023, where #LACChain will be going live with quants Latin American Dollar, aka #MLT, Multi Ledger Tokens - tokenisation to enable roaming money
I am not sure you've been paying attention
World firsts here
#interoperability
I am not sure you've been paying attention
World firsts here
#interoperability
But muh #Btc, muh #stablecoin , muh #Xrp , muh traditional finance methods like #Visa.
How about a multichain lightning network like approach where it doesn't matter what you use, because they're all denominated and have values as such.
Why only choose one payment channel/rail
How about a multichain lightning network like approach where it doesn't matter what you use, because they're all denominated and have values as such.
Why only choose one payment channel/rail
Disintermediation is the future, #btc $btc enabled a peer to peer payment network with no intermediaries - the beginning of a revolution.
But the evolution has been happening since 2009 and the enabler is #interoperability
For this, I choose $qnt #Qnt #Overledger
But the evolution has been happening since 2009 and the enabler is #interoperability
For this, I choose $qnt #Qnt #Overledger
[Part 1] Over-collateralized Stablecoin and something you should need to know about it
#stablecoin $DAI #DeFi
#stablecoin $DAI #DeFi
Over-collateralized Stablecoin is the second most popular stablecoin in the market.
• In order to issue $1 in form of Over-collateralized Stablecoin, users must collateralize an amount of assets with a value GREATER than $1
• In order to issue $1 in form of Over-collateralized Stablecoin, users must collateralize an amount of assets with a value GREATER than $1
For example
• DAI is a stablecoin issued by @MakerDAO
• In order to have 1 $DAI in the market, users need to collateralize other cryptocurrencies that are worth greater than the amount of DAI issued (1.2 $USDC for instant)
• DAI is a stablecoin issued by @MakerDAO
• In order to have 1 $DAI in the market, users need to collateralize other cryptocurrencies that are worth greater than the amount of DAI issued (1.2 $USDC for instant)
Những kinh nghiệm mình rút ra được sau nhiều năm tháng vật lộn trong thị trường #crypto, có thể sẽ hữu ích cho những bạn mới.
Thread🧵👇
[1/x]
Thread🧵👇
[1/x]
#1. Quản lý vốn là quan trọng nhất. Sau những lần lên voi xuống chó thì mình nhận ra rằng cho dù kỹ năng research + các thể loại phân tích tốt tới đâu cũng không quan trọng bằng quản lý vốn.
Thị trường tài chính luôn tiềm ẩn rủi ro, không có gì chắc chắn 100%, đặc biệt ở thị trường đầy biến động như crypto. Một đế chế tưởng chừng như bất diệt vẫn có thể sụp đổ chỉ sau một đêm. Hãy nhìn những tấm gương Luna, 3AC, FTX, …
1/ ICYMI, I gave alpha on delta-neutral strategies built on top of @GMX_IO.
Now, @rage_trade's delta-neutral $GLP vaults recently went live & both risk-off/on vaults were filled within minutes, bringing in an additional $10M to the #GMX ecosystem.
#Arbitrum #DeFi #StableCoin
Now, @rage_trade's delta-neutral $GLP vaults recently went live & both risk-off/on vaults were filled within minutes, bringing in an additional $10M to the #GMX ecosystem.
#Arbitrum #DeFi #StableCoin
2/ So, how're the vaults looking?
The risk-on vault is currently yielding ~15.7% while being fully delta neutral, of which:
10.3% are from $GLP rewards
4.7% are from $esGMX which are autocompounded
3.27% are from #GMX traders’ PnL
-2.52% are paid to #AAVE as borrowing interest
The risk-on vault is currently yielding ~15.7% while being fully delta neutral, of which:
10.3% are from $GLP rewards
4.7% are from $esGMX which are autocompounded
3.27% are from #GMX traders’ PnL
-2.52% are paid to #AAVE as borrowing interest
3/ At the same time, the risk-off vault is yielding ~5.4%, comprising of:
$GLP rewards - 4.7%
#AAVE Lending (and the risk on vault) - 0.7%
$GLP rewards - 4.7%
#AAVE Lending (and the risk on vault) - 0.7%
🧵DeFi History Simplified🧵
a) Definition
b) How it was born and how it developed.
c) Its Ups and Downs from Summer ‘20 till May ‘21
d) DeFi 2.0
e) The next wave and what we’re building
A thread by @0xNurstar , our content partner here at ZD Labs!
Image: @finematics
a) Definition
b) How it was born and how it developed.
c) Its Ups and Downs from Summer ‘20 till May ‘21
d) DeFi 2.0
e) The next wave and what we’re building
A thread by @0xNurstar , our content partner here at ZD Labs!
Image: @finematics
2/ What is #DeFi - WiKipedia Definition
"Decentralized finance (often stylized as #DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a #blockchain ."
"Decentralized finance (often stylized as #DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a #blockchain ."
3/DeFi, "Debutante" of the Crypto Bull Run 20'/21'
DeFi unexpectedly played a Main Role in the last #BullMarket , especially at both Early and Final stages with DeFi Summer '20 on one hand, and the Rise/Fall of DeFi 2.0 feat. "Terra Disaster" on the other one.
DeFi unexpectedly played a Main Role in the last #BullMarket , especially at both Early and Final stages with DeFi Summer '20 on one hand, and the Rise/Fall of DeFi 2.0 feat. "Terra Disaster" on the other one.
VanEck 🤝 2023 Crypto Outlook: Our Top 11 Predictions🧵
1. #Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the #cryptowinter. ❄️
1. #Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the #cryptowinter. ❄️
2. In the second half of 2023, #Bitcoin will rise to $30K. Lower inflation, easing energy concerns, a possible truce in Ukraine, and a turnaround in M2 supply will power the start of a new bull market. 🐂📈
3. Financial institutions will tokenize more than $10B in off-chain assets on #blockchain. ⛓🏦
1/31 Telegram's $TON has been outperforming $ETH yet nobody on CT is talking about it... So here you go!
Telegram has been quietly developing the @ton_blockchain ecosystem💎
🧵Here's a DEEP DIVE on Telegram's positioning in Defi and what I think their strategy is ->
Telegram has been quietly developing the @ton_blockchain ecosystem💎
🧵Here's a DEEP DIVE on Telegram's positioning in Defi and what I think their strategy is ->
2/31
Messaging apps are a part of people's daily lives and many are now looking to integrate with payment solutions to offer more convenience, becoming superapps
Superapps provide multiple services for personal and commercial use - think a swiss-army knife.
Messaging apps are a part of people's daily lives and many are now looking to integrate with payment solutions to offer more convenience, becoming superapps
Superapps provide multiple services for personal and commercial use - think a swiss-army knife.
3/31
Particularly in Asia, superapps are dominating the tech space - WeChat, Line, Gojek, Kakao...
However, regulations overseeing superapps are very strict, especially when payment data is involved
(US: Federal Reserve, EU: PSD2, APAC: PS Act)
But Telegram is dodging that..
Particularly in Asia, superapps are dominating the tech space - WeChat, Line, Gojek, Kakao...
However, regulations overseeing superapps are very strict, especially when payment data is involved
(US: Federal Reserve, EU: PSD2, APAC: PS Act)
But Telegram is dodging that..
Telegram's Wallet Bot and Cryptobot 🤖
Here's how they are lowering barriers to crypto
A thread🧵->
Here's how they are lowering barriers to crypto
A thread🧵->
1/n
Traditionally, crypto wallets can be a hassle and have a high barrier to entry for the general public.
Traditionally, crypto wallets can be a hassle and have a high barrier to entry for the general public.
2/n
Some reasons include:
1. Complexity -
New users find it difficult to navigate the UI, generate and manage addresses, and securely store and transfer their assets.
Some reasons include:
1. Complexity -
New users find it difficult to navigate the UI, generate and manage addresses, and securely store and transfer their assets.
People have been calling out @kucoincom and @cryptocom to be next CEX downfall. Trust in CEXes has hit all-time lows and CEX outflows have hit highs.
Here's a thread on how you can on/off-ramp without CEXes🧵 ->
Here's a thread on how you can on/off-ramp without CEXes🧵 ->
1/17
Traditionally, you had 2 options:
(1) CEX
(2) Non-CEX
With the risk of CEXes being a ticking timebomb, we'll focus on non-CEX on-ramping
Traditionally, you had 2 options:
(1) CEX
(2) Non-CEX
With the risk of CEXes being a ticking timebomb, we'll focus on non-CEX on-ramping
2/17
MoonPay 🌖
@moonpay enables users to purchase #stablecoins (TRC & ERC20), #BTC, #ETH (Arb, Op, Polygon, zkSync) and a bunch of other Altcoins using various payment methods.
The following are countries not supported for on-ramping: tinyurl.com/Moonpay-support
MoonPay 🌖
@moonpay enables users to purchase #stablecoins (TRC & ERC20), #BTC, #ETH (Arb, Op, Polygon, zkSync) and a bunch of other Altcoins using various payment methods.
The following are countries not supported for on-ramping: tinyurl.com/Moonpay-support
Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.
A thread 🧵
#Tether #CNH #stablecoins #stablecoin
A thread 🧵
#Tether #CNH #stablecoins #stablecoin
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.
1/
How to become your own bank 🏦
Financial independence, (or self-sovereignty), is being able to take ownership of your assets and money. It’s having enough to do what you want with your time.
And no, financial independence isn’t just for the rich...
🧵
How to become your own bank 🏦
Financial independence, (or self-sovereignty), is being able to take ownership of your assets and money. It’s having enough to do what you want with your time.
And no, financial independence isn’t just for the rich...
🧵
2/
Financial sovereignty is a journey. One in which you become freer and more powerful over time, as your knowledge and toolset develops.
Bitcoin has opened the gates to a new age in which you can claim back control over your finances in a way that was previously impossible.
Financial sovereignty is a journey. One in which you become freer and more powerful over time, as your knowledge and toolset develops.
Bitcoin has opened the gates to a new age in which you can claim back control over your finances in a way that was previously impossible.
3/
Unlike other fiat currencies, where central issuers can print and devalue them overnight, #Bitcoin is ruled only by its code—which is protected by its community.
So, how do you get started on your journey?
Unlike other fiat currencies, where central issuers can print and devalue them overnight, #Bitcoin is ruled only by its code—which is protected by its community.
So, how do you get started on your journey?
Ok maybe I am 5th quadrant stupid.
But can someone please explain to me wtf is going on here? From the #tron #DAO page....$39.5Billion
But can someone please explain to me wtf is going on here? From the #tron #DAO page....$39.5Billion
Almost all of it is #tether that alone rings more alarm bells than the #hunchback on a 5 day bender mainlining #meth
But its nothing compared to this....I mean wtf....risk free yield 45% on USDT???
#tron #ponzi #fraud #stablecoin #shitcoins #tether
#tron #ponzi #fraud #stablecoin #shitcoins #tether
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.
Latest news in the #StarkNet ecosystem
Here’s what you need to know🧵
#Crypto #Blockchain #Web3 #NFTCommunity
Here’s what you need to know🧵
#Crypto #Blockchain #Web3 #NFTCommunity
1/ #StarkNet token $STRK has been deployed on @ethereum.
Beware of scams - the tokens are not yet available for sale.
Check out the @DuneAnalytics dashboard by @SixdegreeLab 🔽
Beware of scams - the tokens are not yet available for sale.
Check out the @DuneAnalytics dashboard by @SixdegreeLab 🔽
2/ @Starknet_id, the all-in-one naming service on #StarkNet, debuts "Stark Club", an association for .stark domain holders.
Early #StarkNet projects are working on their subdomain clubs to reward #OGs & early participants.
Early #StarkNet projects are working on their subdomain clubs to reward #OGs & early participants.
Pero, si $USDT corre peligro, ¿cuál es la #stablecoin más segura?
$BUSD? $USDC? $DAI? ¿Otra más desconocida?
Todos atentos que va a ser solo un momento ⬇️🧵
0/10
$BUSD? $USDC? $DAI? ¿Otra más desconocida?
Todos atentos que va a ser solo un momento ⬇️🧵
0/10
Vamos a ser sinceros desde el principio. Segura al 100% no hay ninguna.
No hay ninguna que tenga toda su capitalización, ni siquiera la mitad, en reservas líquidas. Pero sí hay opciones más seguras y más arriesgadas, vamos a analizarlas:
1/10
No hay ninguna que tenga toda su capitalización, ni siquiera la mitad, en reservas líquidas. Pero sí hay opciones más seguras y más arriesgadas, vamos a analizarlas:
1/10
En una situación idílica, una stablecoin para ser 100% segura, tendría que tener respaldado todo su suministro con una reserva en dólares, de forma que si TODO el mundo va a cambiar su stablecoin por dólares en proporción 1:1 pudieran satisfacer todos los intercambios.
2/10
2/10
¿Qué tendría que ocurrir para que $USDT caiga?
Os voy a contar de forma breve y sencilla lo que tendría que pasar para que destruyan de verdad a #Tether y $USDT pierda su valor.
Todos atentos que va a ser solo un momento ⬇️🧵
0/12
Os voy a contar de forma breve y sencilla lo que tendría que pasar para que destruyan de verdad a #Tether y $USDT pierda su valor.
Todos atentos que va a ser solo un momento ⬇️🧵
0/12
Lo primero, recordaros esto:
Tether es la empresa que emite $USDT.
Son los mismos dueños que del exchange Bitfinex.
Si vas con tus $USDT a Tether puedes cambiarlos 1:1 por dólares.
En teoría Tether debería tener respaldados todos los $USDT que emite, pero no es así.
1/12
Tether es la empresa que emite $USDT.
Son los mismos dueños que del exchange Bitfinex.
Si vas con tus $USDT a Tether puedes cambiarlos 1:1 por dólares.
En teoría Tether debería tener respaldados todos los $USDT que emite, pero no es así.
1/12
Una vez refrescado esto, vamos allá.
Es muy sencillo. Para que $USDT pierda el valor de 1$ se tiene que hacer un ataque de ventas masivo en un mismo momento de forma que esta presión de venta en los orderbooks haga disminuir su precio.
2/12
Es muy sencillo. Para que $USDT pierda el valor de 1$ se tiene que hacer un ataque de ventas masivo en un mismo momento de forma que esta presión de venta en los orderbooks haga disminuir su precio.
2/12
