Thread by @rektdiomedes

>>> $DEUS / $DEI Ecosystem Thread Continuing Below:

To quote from the @muon_net website:

“Muon is a decentralised node-network...

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...with limitless scalability. As it is not a chain and does not permanently store data it is free from the restrictions of 'preservation of state'... With Muon, any web3 application can make use of external data..."

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“Muon creates bridges between all blockchains. Think of Muon-bridges as a cross-chain data application - and not just limited to tokens. Any type of data can be bridged cross-chain with Muon.”

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Now… if you think all of the above sounds very exciting and bullish, you’re not the only one 😊

The $DEUS token has gone on an absolute tear recently… more than 10x’ing since the beginning of February…

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I wish I could say that I bought it before that, but sadly I had yet learned all of the above (is fascinating that I can do defi 24/7 and literally still miss stuff like this – testifies to just how much building is going on in the space).

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So, I am currently just stacking $DEUS via lp’ing $DEI…. But I will likely start dca’ing into it as well (and if it corrects a ton like lots of tokens that see spikes are lately I’ll buy a decent position of it)….

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Now… not all is rainbows and unicorns... as Deus also just got exploited for 3M as well…

Here’s @DeusDao’s tweet linking to the post-mortem:

https://twitter.com/DeusDao/status/1503747290045034501

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It wasn’t any of the above stuff I described that was exploited, but rather a brand new, limited feature they had introduced, allowing one to borrow against $DEI/ $USDC Solidex lp tokens.

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As you can see in the post-mortem, @lafachief immediately pledged to reimburse all 3M in losses.

That + the very in-depth and purposeful breakdown of what happened and resulting proactive mitigation steps, all result in what I would call (cont.)...

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...a ‘bullish exploit’. Particularly since it didn't involve any of the primary ecosystem infrastructure.

Tweet from earlier today explaining what I mean:

https://twitter.com/rektdiomedes/status/1503883535446278145

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So… obviously… lots to talk about re: $DEUS, $DEI, and connected ecosystem…

As I mentioned at the start of the thread, this appears to be one of the most interesting and ambitious projects in all of crypto right now… and the ongoing demand for stablecoins (cont.)...

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...(and stablecoin yields) combined with the vast addressable market of synthetics really suggests the sky could be the limit for these guys.

They’re also considering/implementing a bunch of tokenomics stuff that I didn’t go over, but which I'll link to at end of thread.

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In conclusion... I will be continuing to stack $DEUS and rooting for them to succeed as 2022 continues 😊

Below please find a bunch of very important links re: the above:

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-Link to where you can download the whitepaper: deus.finance/white-paper

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-Link to Dsynths website: app.dsynths.com/trade

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-Link to the Muon website: muon.net

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-Make sure to follow my man @quantlordd gigabraining behind Dsynths:

https://twitter.com/quantlordd/status/1501836016780550144

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-Absolutely awesome thread on $DEI/ $DEUS from @McThaddl:

https://twitter.com/McThaddl/status/1502810828764028929

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-Excellent interview with @lafachief from the mad Fantom chad @FTMAlerts:



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-Medium article from Lafa on potential tokenomics changes/evolution (again, h/t to @mcthaddl for this one): lafayettetabor.medium.com/deus-tokenomic…

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-My friend @Prof_Crypto_B on Deus:

https://twitter.com/Prof_Crypto_B/status/1502845111121715202

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-Another fun one :)

https://twitter.com/markjeffrey/status/1503294232248815616

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-Just in case there was any confusion above, @dsynths is live RIGHT NOW and you can trade synthetics on it (I have personally done so as well):

https://twitter.com/alexkoh/status/1502082489598234627

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-Successful @spirit_swap vote to add synthetic assets via collaboration with @dsynths(!):

snapshot.org/#/spiritswap.e…

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-Oh and make sure to follow @MJthePopstar as he’s all over this too:

https://twitter.com/MJthePopstar/status/1502914967896412160

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-The thread I did on Gains Network referenced above:

https://twitter.com/rektdiomedes/status/1486250275887214599

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And then in closing, wanted to cc some other Fantom chads I’d recommend following if you are interested in protocols like @DeusDao!

@phtevenstrong
@Jacktheoiler
@JackNiewold
@Route2FI
@rektfoodfarmer
@deficryptofarm
@TimeCop0487
@CompleteDegen
@CoinSurveyor
+

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@SebCH76
@kamikaz_ETH
@milesdeutscher
@Cryptoyieldinfo
@BillyBobBaghold
@technovikingeth
@mjoaris

If I am leaving you off my apologies! Too many Chads to remember in the Fantom ecosystem!

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Also h/t as always to @lemiscate for catalyzing my love affair with #FrenchChart, and @excalidraw for the great app to create it!

And- in closing- if you found this thread helpful please follow and rt!

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Also just realized there's no link to first part of thread in this second part, so if you are looking for very start of the thread click below:

https://twitter.com/rektdiomedes/status/15042236061249

Weird... let's try that again...

https://twitter.com/rektdiomedes/status/1504223606124933120