A collection of the most interesting threads on crypto Twitter this week.
Learn:
• Why L1 blockchain space is the alpha real estate in crypto
• How tradfi valuations miss the true value of crypto
• How to manage wealth like a rich person
Your Sunday crypto digest 👇
Everything in crypto comes back to one thing: blockchains.
Here’s why buying L1s is like buying NYC real estate in the 1800s.
If you're a $SPELL holder and follow byebyedai.money, you might have noticed that fees have dropped heavily over the last 7 days.
But that could be good for $SPELL in the long term: here's how @danielesesta used smart tokenomics to create a downward-resistant protocol👇
$SPELL, for now, generates fees for stakers of sSpell via three mechanisms:
• Position opening
• Position closing (liquidation)
• Interest on debt position
Unlike other forms of debt, you can pay your interest on your $MIM ( $SPELL's stablecoin ) position all at once:
1. Lock up your collateral for $MIM 2. Your collateral accrues interest 3. You repay all of the debt plus the interest 4. Interest is distributed to sSpell stakers
Facebook's Diem stablecoin will change the cryptocurrency landscape forever.
Diem has hinted at partnerships with existing cryptos. Any solid announcement of a partnership would cause that crypto to go parabolic.
So which crypto is it? Read on👇
(warning: tinfoil hat time)
I first came across the rumor on Twitter.
It originated from an update video from $COTI founder @shahafbg.
Quote: "as our integration to a major enterprise continues, I really look forward to letting you know who that enterprise is, when it's done, I will let you know."
People took him to be hinting at COTI launching a stablecoin with FB, so I decided to take a look.