Web3 Growth Profile picture
Nov 1, 2021 β€’ 6 tweets β€’ 4 min read β€’ Read on X
🌟 The public utility that facilitates the movement of digital assets between networks in a quick, secure, and cost effective way welcomes Dai thanks to @StableNode 🀝 @HashportNetwork partnership. 🌟 Image
⛓️ The multi-chain strategy for Dai arises through another integration while @StableNote will secure the Hashport portal along other industry-leading validators.

🌌 This collaboration between StableNode, Maker and Hashport also aims to push DeFi in the upcoming @hedera ecosystem
πŸš€ Specifically, the partnership allows StableNode to run a validator node on Hashport with the facilites of DAI integration in their portal. Image
🌐 @hedera is an enterprise-grade proof-of-stake public network, powered by hashgraph consensus that achieves the highest-grade of security possible with blazing-fast transaction speeds and incredibly low bandwidth consumption. Image
πŸŒ“ @HashportNetwork provides an agnostic, utility-first approach to maximise the potential of crypto, as a new distributed ledger interoperability solution that has the potential to radically increase cross-network functionality of decentralized networks. Image
πŸ’Ž @StableNode is a Node Validator and Venture Capital Fund for early-stage Blockchain companies, providing a broad range of hands-on advisory focused on the DeFi and NFT space.

πŸ‘‡ Let's check out their official announcement!

➑️ stablenode.medium.com/4f6d173d35a1

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with Web3 Growth

Web3 Growth Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @w3g_io

Dec 1, 2022
DSR is being boosted to 1.00%! πŸš€πŸš€

Increasing the native, safest stablecoin yield will set a new baseline yield for the entire DeFi ecosystem.

For big treasuries, earning a 1.00% annual yield on its Dai holdings, with the same risk as holding single Dai, is HUGE πŸ“ˆπŸ“ˆπŸ“ˆ

🧡 Image
Let's see what's going on here.

Recently, @MakerDAO approved some DAO balance sheet investments across different TradFi vehicles.

This balance sheet is composed of USDC, USDP, and GUSD accumulated in the PSM as liquidity reserves. Image
There are 3 fundamental pieces of this investment strategy:

1️⃣ @coinbase Institutional Rewards β€” 2.36% on up to $1.6 billion USDC.

2️⃣ Monetalis Clydesdale β€” ~4% on up to 500 million USDC by purchasing bonds.

3️⃣ @Gemini GUSD Partnership β€” 1.25% on up to 500 million GUSD.
Read 8 tweets
Oct 6, 2022
πŸ’ΈπŸ’ΈπŸ’Έ @MakerDAO just executed the first DAO balance sheet investment in US Treasuries and Corporate bonds with a ceiling of $500 million USDC.

How is that possible?

πŸ§΅πŸ‘‡ Image
First, we need to know that @MakerDAO holds ~$4 billion in stablecoins. πŸ’°

These assets come from the PSM operations β€” Maker's highly efficient decentralized exchange focused on stablecoins. Image
Basically, the PSM is a tool for swapping USDC, USDP, and GUSD for freshly-minted DAI at a 1:1 rate. πŸ”„

Every time a user puts their stablecoins to receive DAI in exchange, the PSM allocates these stablecoins as liquidity reserves. Image
Read 12 tweets
Aug 18, 2022
Are you the one saying that DeFi protocols are censoring users or addresses flagged by regulations?

We are here to tell you that you're wrong by explaining the differences between decentralized protocols and user-interface providers.

πŸ§΅πŸ‘‡

1/ Image
First of all.

A protocol can be defined as a set of smart contracts that are publicly deployed on the Ethereum network.

They’re open-source code that follows instructions that are in turn validated by a decentralized network of nodes.

2/ Image
The Maker Protocol is a set of smart contracts publicity deployed on Ethereum.

It is open source code that follows instructions set by the code and validated by this network of nodes.

3/ Image
Read 16 tweets
Aug 16, 2022
The official Canonical Dai bridge is now deployed on @Arbitrum Nova!

What is Arbitrum Nova and why is the Canonical Dai deployment so important?

Let's go

🧡

1/
@arbitrum Arbitrum Nova is a new chain built by @OffchainLabs for projects with very high transaction volumes that seek to drive costs even lower but still want high security.

This Arbitrum chain is different from Arbitrum One (the Rollup), and uses a new technology called AnyTrust.

2/
@arbitrum @OffchainLabs Unlike Rollup chains, which directly inherit their security properties from the security of Ethereum, AnyTrust chains use a different security model which enables them to offer lower transaction fees.

3/
Read 15 tweets
Aug 16, 2022
πŸ“ˆ There are different decentralized stablecoin protocols that generate organic Dai demand

πŸ’΅ One of them is @OriginDollar (OUSD)

Through its yield-capturing power, Origin is now backing 28 million OUSD with DAI β€” +58% of all its circulating supply

How does it work?

🧡

1/
@OriginDollar πŸ’Έ Originally launched in 2020 by @OriginProtocol, OUSD is a stablecoin backed by other stablecoins β€” DAI, USDC, and USDT.

πŸ€‘ By deploying these underlying stablecoins into other DeFi protocols, OUSD generates passive yield income for its holders.

2/
@OriginDollar @OriginProtocol πŸ“Š This yield is at 3.26% APY on a 30-day average.

πŸ“Š And, the 365-day trailing average is 11.21% APY.

analytics.ousd.com/apy

3/
Read 13 tweets
Aug 15, 2022
πŸ’ΈπŸ’Έ WSTETH-B Stability Fee is ZERO! πŸ’ΈπŸ’Έ

You can now mint DAI against your @LidoFinance stETH with ZERO fees, for FREE! πŸ€‘

πŸ—³οΈ The latest @MakerDAO Executive Vote executed this Stability Fee change that's already available on @oasisdotapp and @DefiSaver
Put your stETH as collateral. Mint DAI. NO FEE! πŸ’Έ

πŸ”΅ Oasis: oasis.app/vaults/open/WS…

🟒 DeFi Saver: app.defisaver.com/makerdao/creat…
WSTETH-B vault type's current parameters are:

1️⃣ Stability Fee: 0%

2️⃣ Minimum Collateralization Ratio: 185%

3️⃣ Debt Ceiling: 100,000,000 DAI
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(