1/ Whether you focus on maximizing your profits or you’re building on $NEAR – this thread will help you perfectly navigate the ecosystem of #NEAR-native apps. Build your combos, and expand your partnerships!
2/ Let’s start with an overview of projects that are already live on #NEAR Protocol’s mainnet. Today’s newcomers are @DcntrlBank's #USN and the first order book DEX on #NEARProtocol – @spin_fi 🚀
A legendary day, really.
3/ The list isn't complete; I'll mention more as well as Protocols that will be launching in my next #NEAR-bullish thread (hey, @thenearpay, stay tuned).
Ok, let’s go 🔥
4/ So, you have $NEAR and prefer holding long-term. @meta_pool is a liquid #staking solution with the yield paid in $META tokens. You deposit $NEAR, receive $stNEAR, and generate $META. Easy!
5/ Eager to re-invest $stNEAR? Awesome, @burrowcash allows you to do that or lend you another asset using $NEAR as collateral (same as @BastionProtocol on @auroraisnear).
Play around with this DeFi lego and expand your list of opportunities on the @NEARProtocol ecosystem ;)
6/ Ok, you’re ready to swap the $META or $BRRR you earned or get some other tokens. You need a #DEX! @finance_ref is a great choice for #AMM lovers – instant swaps, farming, different tokens, staking and liquidity mining.
All in one place with over $200M TVL! 🚀
7/ Looking for a CEX-competitive trading experience? The recently launched @spin_fi order book #DEX with on-chain matching is your best bet.
Perpetuals and futures are still in progress, so if you trade actively – #Spin will be your new best friend on @NEARProtocol. #USN soon😉🍾
8/ Oh, you’re good at analyzing emerging protocols and want to participate in early-stage investing in #NEAR-based protocols. Then head to @skywardfinance or @bocachica_io – NEAR-native launchpads for new projects! 💎
9/ If you’re an ex-Opensea citizen searching for new NFT collecting (or speculating) opportunities, visit @ParasHQ or @mintbase – your NFT harbor.
My personal favorites are #FreakyElves (they're developed by @spin_fi and are super cute).
Choose your fighter 🦾
10/ Or, explore the metaverse with play-to-earn NEAR-native games! @SweatEconomy was one of the hottest this month (in all senses), but I am sure you’ll be able to find something interesting for yourself on @awesome_near: awesomenear.com/categories/gam…
11/ So, here is the overview of the popular #NEAR-native dApps that are already accepting new users on their #mainnet. Aurora is awesome as well, but today the topic is the #NEARBlockchain. Upcoming NEAR-native projects overview is our next stop!
Explore the ecosystem!
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1/ CT is buzzing with $FTT and #Alameda FUD talks. How it all began, what the risks of this situation are, and why the fundamental principles of decentralization @spin_fi are important – all this is summarized in my new thread. Letz go.
2/ A few days ago, @CoinDesk published an article about the balance of @AlamedaResearch, according to which most of the company's assets are a large number of #FTT tokens, partially used as loan collateral.
In Part I of the stablecoin long read thread I outlined the conditions that led to the $UST disaster. BUT (!) decentralized stablecoins are a beautiful concept that definitely has a future.
1/ So, the topic for Part II is $USN – @NEARProtocol's native stablecoin.
2/ If you missed the first part, then it is better to start researching the topic with it.
There I described the main prerequisites that led to the collapse of the #UST and options for how this could have been avoided.
3/ #USN by @DcntrlBank is a fully collateralized decentralized stablecoin backed by $NEAR and $USDT with more assets to be added soon. The peg is maintained by on-chain arbitrage and rebalancing of the treasury to ensure stability in any market conditions.
Algorithmic #stablecoins have become the most discussed topic in CT since the collapse of $LUNA and $UST. 1/ But what preceded these events and is there a future for also stables? The thread will be very long 🧵
2/ *Intro starts here*
Algorithmic stablecoins probably started with two articles from as far back as 2014:
◽️ Hayek's Money: A Solution for Cryptocurrency Price Stability" by @Ferdinando1970
◽️Cryptocurrency Stabilization Note: Seigniorage Stocks by @codedlogic
3/ @Ferdinando1970 proposed a cryptocurrency with an elastic supply that would be recalculated on the balances of all users in accordance with demand.
A thread on the @NEARProtocol adoption: the FOMO is NEAR 🧵
1/ Intro: We at @spin_fi constantly keep an eye on the #NEAR metrics. I am sure I’m not the only one, so let me simplify the job for some #DeFi researchers and summarize the trends I currently see.
2/ On-chain maximalists who missed the @Solana Bullrun anticipate that the next blockchain to make a buzz in DeFi is @NEARProtocol 🐂
Same as many other L1s $NEAR trading volumes started to grow in Sept ‘21 and are now getting quite close to $SOL and $LUNA and outperforming $AVAX
3/ At the same time, the #NEAR fully diluted mc is still relatively small compared to other popular L1s. That means the coin may still be quite #undervalued by investors and there’s some space for future growth.