"Do you guys actually see a scenario where $spell is the most valued DeFi token in all of crypto, if so how would it occur?"
Let's go down the rabbit hole with @danielesesta for a second...
Let's go down the rabbit hole with @danielesesta for a second...
@danielesesta The road to #OccupyDeFi comes in a couple of steps:
1. Prove the concept of truly decentralized stablecoin, with many collateral types and across multiple chains, works. Take modest fees for this service so as not to hurt the consumer.
1. Prove the concept of truly decentralized stablecoin, with many collateral types and across multiple chains, works. Take modest fees for this service so as not to hurt the consumer.
2. Create a platform that lets users use their liquidity as they like it and guarantees financial freedom. That liquidity shouldn't be limited to just one network or use at a time.
3. Grow out a platform that allows cross-chain dominance of the DeFi space, with low fees and ease of use. Make it stable and trustworthy enough for anyone to use.
4. Utilize your stablecoin as the easiest on-road and off-road to decentralized finance. Get it on CEXs, DEXs, and as many networks as possible.
5. Create an aligned currency that isn't tied to the current financial system by some sort of peg and won't suffer from inevitable inflation. Tie that currency to a backed set of assets.
6. Tie this whole system together with a modest set of fees that returns value to those that use it. Reward the people that build, not the people that harvest, burn the landscape, then move on.
You can see where @danielesesta is taking us with @PopsicleFinance, @MIM_Spell and @Wonderland_fi:
What's at the end of the rabbit hole? Taking financial freedom into our own hands.
What's at the end of the rabbit hole? Taking financial freedom into our own hands.
We've already proved the stablecoin works with @MIM_Spell. It's quickly overtaking DAI because it is truly decentralized and a frictionless experiece.
@MIM_Spell The launch of @PopsicleFinance will bring a revolutionary new possibility to DeFi: users owning how they use their LP for rewards AND as collateral, and bridging its use across multiple networks.
You can then use that LP at @MIM_Spell as collateral for $MIM (a loan that pays itself off) or to leverage your position while still receiving rewards.
@MIM_Spell Timekeepers at @Wonderland_fi are already able to use their TIME as collateral at @MIM_Spell and will likely see further integration with @OlympusDAO further propping up a backed but pegless reserve currency that is truly worth something.
$MIM will quickly become the default decentralized stablecoin of all DeFi and become a unit of account to onboard or offboard funds through CEXs.
Users will be able to bridge their funds across networks using $MIM for incredibly low fees and without waiting days or even weeks using @AnyswapNetwork and @MIM_Spell. Network liquidity challenges will quickly flatten.
All of this will be maintained and developed by a modest fee for services, and one where the profit goes to $spell holders. It's not just a dream: the fee flippening is already happening - byebyedai.money
@danielesesta @squirrelcrypto @GeorgiyXo @LickMyRomy @MelenXYZ @WlMPZ_ @MadroneXBT @0xM3rlin a little thread for you on global #OccupyDeFi domination.
@Ceazor7 @PassiveCryptoo thought you would enjoy this 🧵 as well
Did I mention that all of these protocols share their profit directly with users?
@MIM_Spell rewards $Spell stakers with profits using $sSpell
@PopsicleFinance rewards $ICE stakers with performance fees using $nICE
@Wonderland_fi treasury backs all $TIME
#OccupyDeFi
@MIM_Spell rewards $Spell stakers with profits using $sSpell
@PopsicleFinance rewards $ICE stakers with performance fees using $nICE
@Wonderland_fi treasury backs all $TIME
#OccupyDeFi
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