If you are even more curious, join NEAR's June Townhall on Sunday (12th) to catch the full demo
You will see how Matt supplies $ETH as collateral in @burrowcash and borrows $USDT directly using Metamask, without even knowing what a NEAR Wallet is
5/7
This is just another milestone for the $NEAR ecosystem
And it shows how teams are working on bringing more people into the eco by creating seamless infrastructure & tooling and by focusing on users' needs
6/7
More info about how it works coming soon.
We will keep sharing info about this development and many others that are about to come!
$ETH / $BTC is currently at spot where the 2018 bear-market relief rally took place
Notes:
- Bear market rallies can be strong: $ETH +120%
- Can last longer than most think: 1 month only up
- Can trick you into thinking we go back bull mode
- Macro structure is key: just a LH
If smth like that occurs, don't get fooled
$ETH / $BTC might even go lower without much support though, given the stETH situation
It's backed 1:1 to ETH but liquidations may put some sell pressure on ETH. Then misunderstanding & FUD come, which may trigger a bigger sell off
"depeg" as like stETH < ETH as a result of the open secondary market
not as a failure in the system
- I'd only add stETH is the difference in price is significant (>20/25%) AND ETH is down significantly as well
- will add just ETH to play a quick bounce and sell it
1/ Did you know that you can get 400% APR on $NEAR using @BastionProtocol?
This strategy does not have liquidation risk or impermanent loss.
This is mainly thanks to the liquidity-mining program they just introduced after the launch of $BSTN
2/ You have to provide $NEAR to the vault and then borrow against it. Since rewards for supplying are higher than the borrowing cost you can re-supply your borrowed amount.
If you do several loops, you will end up with high returns. Let's do a zoom on the chart above
3/ Of course, there curve tends to a constant value and, therefore, there is an optimal number of loops. For each extra loop, the extra rewards obtained diminish
They bring an app and a physical card that allows to:
- Make payments with crypto worldwide
- Get industry events exclusive access
- Get inheritance services
3/ You can order one now by submitting your full name, phone number, mail and .near address. After you make your first purchase / transaction, you will receive an NFT, which I don't think will end up being very valuable but cool thing anyways for the first users