๐ For #FTM stable $fUSD by eulogy.com: 1. fUSDv1 has dropped below 1usd due to extreme selling pressure.
2. It's to reward validators.
(1/6)
3. DEUS plan to have fUSDv2. Migrate v1 to new v2 contract.
4. fUSDv2 will use dynamic similar to maker $DAI & AMO (automated market operators) similar like $FRAX as second layer to peg.
(2/6)
5. $DEI AMO has proven effective and fast to consistently pegged to 1usd under pressure.
6. $fUSDv2 will be more stable than $DEI.
7. DEUS need 1~2 months to implement after approved by community and foundation.
(3/6)
8. $LOG token will act almost similar like $SOLID to get these started.
9. 15% LOG will turn into veNFT for top 25 protocol and DEUS for voting.
10. 10% LOG veNFT for first validator minting fUSDv2 with FTM as colleteral.
(4/6)
11. 65% payout in gauge (linearly [differ with $SOLID]) halving every 6 months. To incentify liquidity.
12. 10% LOG for bootstrap liquidity.
LOG acting similar like DEUS / veDEUS SOLID able to collect fees and anti dilution.
(5/6)
$DEI focus on cross chain. fUSDv2 focus on chain and decentralized compared to $USDC that widely using in FTM.
So both are good for the ecosystem.
(6/6)
RT first post and thank me later. Cheers.
Why is it important.
fUSD peg will increase reward for validator and become top reward for validation from all chains. Means more FTM will be sold and stake as validators. +BUYING PRESSURE.
๐1hr+ interview: 1. He regrets when he is offline, negative events left uncontrolled & spread with a negative impact on his products: Yearn, Solidly.
2. If โyouโ donโt want me at my worst, then โyouโ shouldnโt get what Iโm offering at my best.
(1/x)
3. Now the Crypto culture is about people (dev, influencer, etc) instead of Code/contract.
4. He thinks there is no true Decentralized. Only how much it is distributed. People think DeFi is binary which is not true. E.g. how many protocols will die tomorrow if Chainlink stop.
5. Crypto Regulation (CR) is NOT equal to Regulated Crypto (RC).
6. CR= government comes in to regulate the ETH or BTC network? NO, they practically canโt. They will try to do that, and it's happening and is going to fail. People will get hurt by the process.