Going directly from your bank earning .01% to UST in seconds through @kado_money, or direct deposit your salary in @OutletFinance, and immediately start earning 20% in @anchor_protocol
Using @kinetic_money money to borrow against your $aUST balance in Anchor and have the loan pay itself back, and use those funds to towards a @Cephii1 rebalancer bot on @NexusProtocol
Arbitraging pools with $LUNA, $pLUNA, $bLUNA, $nLUNA, $cLUNA, $LunaX, and $LUNA2x to stack as much $LUNA as possible
Damn @terra_money is really about to be a money making machine. And these are just the low hanging fruits
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Yes, it will happen on Cosmos, but it won't be the only place we see their growth.
Let me explain... 🧵
1/ Application-specific blockchains, also called app chains, were pioneered by Cosmos where rather than applications building on a generalized L1 or L2, they can instead build their own chain where they can customize different parameters of the L1 to better suit their needs.
2/ The primary benefits of building an application on an L1 is synchronous composability and ease of deployment; they have the ability to directly interact with, build upon, and utilize other applications on the network and deploy the code without added complexity.
The Shanghai upgrade for Ethereum is currently targeted for this March. This will enable staking withdrawals for the first time since people began staking their ETH in 2020.
However, most people don't yet know how the exit queue works.
I'll walk you through it step by step 🧵👇
1/ Unlike other PoS networks like Cosmos that have a fixed withdrawal period for stakers, set at 21 days, Ethereum's is dynamic based on how many validators are exiting at a given time.
2/ Validators that are exiting the validator set must go through two stages: the exit queue and the withdrawal period.
FTX is reported to have an $8B hole in their balance sheet based on liquid assets, an absolutely insane number.
I have a theory as to how it got that big:
FTX's liquidation engine broke down, leaving them and Alameda with huge losses
I'll explain below 🧵 (x/14)
* THIS IS JUST SPECULATION, FACTS ARE STILL COMING OUT *
1/ My original speculation, and likely the same thought as others, is that the large hole came from bad trades from Alameda
However, the reported $10B seems too high for bad trades alone. Most of their strategies were deltra-neutral yield farming or lower risk directional bets.