๐Ÿ”‘ 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.
oscarroriz @Tweak896 @KingsFantom @FantomFDN @DeusDao @milesdeutscher @FTMAlerts @CryptoDinduz please help to spread the idea. Thanks!

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More from @0xOtw

May 2
โญWhy I only focus on 1 chain #FTM in depth.

1. I have explored many chains prior landing on FTM.

2. Focusing give me advantages such as alpha news.

(1/x)
3. Because of deep understanding, I react greatly on FUD.

4. I have a high chance to find the dip.

5. I know when is overvalued and start taking profit when its too heated.

(2/x)
6. I know future catalysts.

7. So I feel relax and happy when seeing the price under performed temporarily and know when to DCA confidently.

8. Focus allows me to blend well into the community and gets to know great people in the ecosystem.

(3/x)
Read 6 tweets
Apr 28
๐Ÿ”‘1hr+ interview:
1. He regrets when he is offline, negative events left uncontrolled & spread with a negative impact on his products: Yearn, Solidly.

2. If โ€˜youโ€™ donโ€™t want me at my worst, then โ€˜youโ€™ shouldnโ€™t get what Iโ€™m 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 canโ€™t. They will try to do that, and it's happening and is going to fail. People will get hurt by the process.
Read 11 tweets
Apr 27
Keypoints:
1. Japan is of the US closest allies and partners.

2. Japanese Yen currency slumped.

3. Japan has enough reserve currency to bring Yen back to the level but they didn't do it.

(1/4)
4. Japan import expenses much MORE than export earning right now.

5. Weakening the Yen will attract the world buy more from Japan.

6. In the meantime, US raise interest rate & that will attract all money flow back to US and strengthen US dollar.

(2/4)
7. Now US can buy cheaper stuff from the world with strengthen USD, while Japan disrupt the market to make things cheaper.

8. Well played US-Japan. Good win-win strategy for both countries.

(3/4)
Read 4 tweets
Apr 26
#FTMmuseum
#FTM native museum that records epic events that happened to Fantom Ecosystem with #NFT.
Also called #HistoryNFT.

The value of history increase over time. Same as the HISTORY-NFT that is unique and minted during the epic event.

Check out the historical collections ๐Ÿ‘‡
#FrogsSalvation (History)
27 Jan 2022 - Welcome Frog Nation to FTM.

paintswap.finance/marketplace/coโ€ฆ
#Fantoman (History + Utility)
6 Jan 2022 - veNFT war in Solidly

paintswap.finance/marketplace/coโ€ฆ
Read 5 tweets
Apr 22
Keypoints:
1. 95% of the problem right now is the L1 Bribes & Fees, it needs to be fixed to not let people game the system.

2. The rest of the problems are technical and less relevant
#Solidly #DEUS @lafachief
๐Ÿงต
(1/x)
to the public e.g enough gas for transactions to stop failing.

3. Solidly goal is to have 30bil Volumes.

4. Solidly & Solidex contact are immutable. While 0xDAO contract is upgradable.

5. To fix the bugs, the only way is to fork Solidly contract and fix them. Solidly+

(2/x)
6. All tokens will be migrated. Possibly with the snapshot. The main goal is to have a smooth transition and no value lost in between.

7. 0xDAO is easy to migrate because their contract is upgradable. But not sure about Solidex. They are coming up with their plan.

(3/x)
Read 7 tweets

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