CovDuk Profile picture
Mar 22 9 tweets 11 min read
The #AVAX/#BTC bridge is coming 🔥

Big news. Here's everything you need to know about it.

A thread 🧵👇 Image
2. For the first time, BTC holders can easily move their BTC to #AVAX.

This means that they BTC holders can now use their BTC in the AVAX ecosystem.
3. BTC is yet to fully join Dapps and DeFi. But now, with the bridge, BTC will bring over a trillion dollar asset and connect it to the popping Avax network. Image
4. The #AVAX bridge is secure, low cost, fast, and multi chain.

The AVAX BTC bridge will unlock massive opportunities for the huge BTC community.

AVAX greatly benefits from the massive BTC network and $.
5. The #AVAX/#ETH bridge that was launched a while ago has been popping, with over $6B in TVL and 243000 transactions processed, allowing over $43B in ETH assets to be used on AVAX.

A similarly large movement can be expected with the AVAX BTC bridge.
6. Read more here: medium.com/avalancheavax/…
9. I hope this was insightful, a retweet would mean a lot!

More #AVAX breakdowns and insights coming your way, follow to keep up.

Here are some of my past threads:
covduk.notion.site/4798517af2944e…

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More from @Cov_duk

Mar 24
#Avalanche Core Wallet is coming 🔥

Big news. Here's everything you need to know.

A thread 👇🧵
2. #AVAX is coming out with the Core browser Extension and Mobile wallet that is specifically built for AVAX and AVAX subnets.
3. Core will come out in a two phased launch.

Core is a free, non custodial wallet that is designed for AVAX.

It will feature both a mobile and a browser extension and is designed to keep pace with the booming #Avalanche ecosystem.
Read 12 tweets
Mar 23
Why #LUNA is 🔥

Here's a deep dive into why the new coolest kid on the block is positioned to dominate, why a lot of concerns are FUD and the huge #Terra updates.

A thread🧵👇
2. #LUNA, #Terra and $UST have been popping off recently, for good reason.

Here’s my Terra 101:
3. $UST is an algorithmic stablecoin. It is not collateralized and truly decentralized, holding true to the ethos of decentralization.

Fiat stablecoins are not decentralized.
Read 25 tweets
Mar 23
I'm summarizing @MessariCrypto's 165 page Crypto Thesis for 2022 report by @twobitidiot so that you can get all the key insights

Here's part 3: Top 10 thoughts about #BTC

👇🧵A thread
2. Please Check on Peter Schiff


#Bitcoin is rapidly outperforming gold. If you invested $100 in BTC 10 years ago, you’d have $1.7M.

If you invested $100 into gold, you’d have $102. Image
3. No signs of BTC slowing down. Investors believe in BTC more than ever. Regulators and Institutions are coming on board.



Stocks doing ok, bonds yielding negative returns, inflation is super high, pensioners are owed a ton of money.
Read 27 tweets
Mar 22
#THORFi is coming ⚡️

Here's your breakdown of lending, borrowing & saving on THORFi.

A thread🧵👇
2. Lending.
Users can borrow in THOR.USD by depositing collateral.

Collateral is in LP units of the primary asset of any chain. In other words, it will be in the units of ETH not ERC20s.

This makes the pools deeper and drives $RUNE price up.
3. Borrowers pay 0% interest. This is BIG. The way this works is, borrowers forego yield on their collateral and all loans must be open for a minimum of 100 days.
Read 19 tweets
Mar 21
#THORFi is coming ⚡️

Here's your breakdown of THOR.USD, #THORChain's algorithmic stablecoin.

A thread🧵👇
2. THOR.USD is an algorithmic stablecoin pegged to USD.

Here's a quick explanation on the different types of stablecoins:
3. $RUNE is burnt to mint THOR.USD and THOR.USD is burned to redeem $RUNE.

A fee is paid to mint or redeem to prevent attacks.
Read 12 tweets
Mar 21
I've been reading through @MessariCrypto's crypto 2022 theses by @twobitidiot.

Here are the top 10 people to watch this year according to the report:

A thread 🧵👇
1. @KyleSamani - Managing Partner at @multicoincap
Had a massive year, with multi billion dollar wins.

2. @zhusu - founder of 3 arrows capital, one of the largest funds in Asia. Big man.

3. @cmsholdings - hates bears, one of the fastest traders out there.
4. @emiliemc - President & COO at @coinbase. Started Coinbase ventures

5. @dfinzer - CEO of @opensea. Scaled a $100B company, big brain.

6. @danrobinson & @_Dave__White_ - Research @paradigm. Huge insights. They've been putting out all that alpha
Read 7 tweets

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