Nexus Protocol $PSI in 2 words: <Sleep Soundly> β€” A dummy explanation for 3 implementations in very few words. πŸ§΅πŸ‘‡
Liquidation is based off Anchor's price oracle (30s):

Front-running: Price data for Nexus will update every 15s instead of the usual 30s.

This allows adjusting of LTV to avoid asset liquidation at smart contract level - so degens can borrow up to 99% of max LTV now.
If the Nexus's price oracle fails:

Safe mode will be activated & oracle feed auto changes to Anchor's. LTV will be directly lowered to 80% of max.

If Anchor's price oracle also fails?!

Emergency mode will be activated & smart contracts will directly lower LTV to 50% of max.
In accordance, both modes would have been deactivated at each respective stage if either oracle were to function normally.

This greatly reduces risk of liquidations, albeit not all in the case of crashes. Nexus will also manage independent nodes & work closely with validators.
#2 to take note: the $UST vault ETA Q4 2021.

This is cream-cheese for you delta-neutral freaks. Similar feature to Apollo, you just need to deposit $UST and lay-back while Nexus works for you.

Enjoy the high APY yields +++ it automatically claims $MIR rewards.
#3 ETHNexus:

Instead of doing this:

Nexus offers users a way to earn higher yield on $ETH via their $bETH collateral; a simpler process abstraction. $ORION also bridges the gap between non-Terra & Terra users, offering a DeFi lending experience for all.
In summary: Higher TVL for Anchor, more borrow on Anchor Borrow, more value accrued for $ANC token.

For (seriously) more in-depth details on Nexus & $PSI tokenomics, please read this really well-explained article: nexus-protocol.medium.com/nexus-protocol…

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More from @Speicherx

11 Oct
Reaching out to any #Terra NFT projects who will be willing to make this work:

One of my followers reached out to me recently regarding his friend's son, Mitch- who has been battling leukemia the last few years.

It has been a very taxing journey for them (cont):
Mitch missed out on plenty of school, time with friends and the toll on his family emotionally and financially has been immense.

This hits a painful sore spot because my father used to deal with major health problems as well, and was at a time hospitalised for 1.5 years.
So, I know the amount of pain and eventual cope that the family have to deal with on a daily basis must have been immense.

What struck me even harder was how Mitch seems to still remain positive. It'd have been so much more difficult being in his position.
Read 11 tweets
9 Oct
Making a quick(or long) thread here, so I can repost this in future to fudders πŸ§΅πŸ‘‡

β€’ Topic: Why da fak does @Speicherx get on so many whitelists?
First off, I'm aware some people regard me as an influencer. I'd like to dispute, but unfortunately I can't.

I wish I could tell everyone to piss off, but in reality twitter feels like linkedin now. I'm still learning the ropes of making balanced opinions as a shitposter.
Here is my journey in #Terra NFTs, to help people get a look at how it all begun for me (again, I'm a pleb):

On September 11, I minted my first NFT.


I did not think much of it & thought they were cool to have. I did not even interact with NFTs before.
Read 18 tweets
23 Sep
β€’ Hey $LUNA-tics, confused on the @galactic_punks public whitelist? πŸ§΅πŸ‘‡
β€’ There are 3 rounds of sale:

(1) Community whitelist (already done- snapshot taken for top 1k ranked, each guaranteed (1) mint)
(2) Public Whitelist
(3) Public Mint Sale- subjected to supply
β€’ So for the Public Whitelist, how does it work?

The form here sweepwidget.com/view/33932-76j… will open up from 23/09 3pm EST to 29/09 11.59pm EST.

To fill up the form, you must first connect to Twitter and follow @galactic_punks. Don't forget to also input the code 'GP'.
Read 7 tweets
17 Aug
$LUNA has always been the #1 pick of project choice from the start of 2021.

The ecosystem is expanding bigger each day & the total value has not been recognized yet.

Here are some updates that have been kickstarting Q3, together with an overall 500%> increase in price from Q2:
Firstly, before I begin – here’s a link to my previous thread of which I went through the β€˜basics’ albeit I reckon quite outdated now. However, the steps to stake remain the same. It should also give you a basic idea on what $LUNA is.

Here:
Secondly, a reminder that this was a brief overview of some of the projects that were announced in development then.

Links to accounts and TGs included.

Thread here:
Read 18 tweets
16 May
A short $LUNA thread on the upcoming projects:
e.g Col-5, Alice, Kash, Saturn, Tiiik, Spaar, Spar, Harpoon, Angel, Pylon, Nebula, Mars, Apollo & Orion

Handpicked my favs as there are too many lol!
(If I missed out impt ones or made errors, please free feel to add & correct me.)
COLUMBUS-5:

This will ensure efficient burning of $LUNA : $UST with no seigniorage.

Current seig in the community pool is considered being used for to bootstrap initial funds for $OZ (insurance for $ANC)
See more: agora.terra.money/t/ozone-insura…

Also, no seig: Staking rewards ⬆️
ALICE...

My understanding that these apps will be the international version of CHAI.

They will be using Terra as a middleware to start up their own payment apps.

Targeted regions:
@alice_finance > US
@kashdefi > Emerging markets; countries that face high i/f rates e.g Turkey
Read 19 tweets
11 May
I am getting increasingly lazy at getting on with the basics when shilling $LUNA, but realised that some non-techies may still need help understanding despite their own research.

Here's a $LUNA thread, from first steps to tokenomics:
TERRA/CHAI

What happens when a coin’s $LUNA burning rate isn’t based on an arbitrary token burn schedule, but rather to meet growing real world demand?

Let's begin: CHAI is a mobile payments app powered by Terra's blockchain network.
2.3m> users
90k> daily tx
Since it mints stablecoins (e.g $UST), $LUNA has to burn at a matched rate to keep up with the demand.

Update: (CHAI is now also connected to Terra Station for $KRT auto top-ups.)
See stats: chaiscan.com
Read 28 tweets

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