Shield mining allows any project to incentivize coverage providers on @NexusMutual.
As of this morning APY for staking for was ~200%+
As of this morning APY for staking for was ~200%+
https://twitter.com/NexusMutual/status/1310888355878653952
1/ Just as became the de facto currency for all ICOs in 2017 and for all IEOs in 2018, shield mining transforms into an index bet on all of DeFi.
2/ Projects that are confident in their own technical chops can be rewarded extra staking rewards by providing coverage.
Speculators who want to bet on a project's security now has a way to express their view.
Users can be protected against bugs in risky, unaudited contracts.
Speculators who want to bet on a project's security now has a way to express their view.
Users can be protected against bugs in risky, unaudited contracts.
3/ While I'm not a fan of unsustainably high APYs - there is a case to be made for projects in their early, riskiest days (first few weeks - months) subsidizing insurance coverage.
@keep_project is pioneering this and many other projects will soon follow.
@keep_project is pioneering this and many other projects will soon follow.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
