Discover and read the best of Twitter Threads about #synthetics
Most recents (3)
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
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 🧵
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:
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:
Synthetic assets are now available @THORChain. Why is this a big deal? Follow the 🧵
#DEFI $RUNE #SYNTHETICS #ActiveTheSynths
#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).
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.
