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OTW.fantoman ✨👻⚡ Profile picture
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May 24 • 4 tweets • 2 min read
Welcome to #FTM

You need to know..
1. 🧠Why I help you to focus:



(1/x)
2. FTM future catalysts🚀.



(2/x)
3. 🧑‍🌾How to switch from CEX to FTM DEX chain to unlock the true yield!



(3/x)
4.⚔️ My tools to share with you.



(4/x)

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More from @0xOtw

OTW.fantoman ✨👻⚡ Profile picture
May 26
💪Understand what you have invested. 📖Forget about the noise.
$FTM

1. FTM uses DAG. It is technically not a blockchain.

2. Blockchain i.e. A→B→C→D.

3. In a DAG, it is shortened to A→D - speeding up the process.

(1/x) Image
4. As DAGs can reference multiple transactions simultaneously, they are scalable and cheap.

5. It uses PoS which is energy efficient.

6. Assume 700,000 txn/day, it consumes lower power than a single US home annually.

(2/x) Image
7. FTM uses Asynchronous Byzantine fault tolerance (ABFT) consensus algorithms, which allow for honest nodes of a network to guarantee to agree on the timing & order of a set of transactions fairly & securely.

(3/x)
Read 6 tweets
OTW.fantoman ✨👻⚡ Profile picture
May 25
🔑 points from this 1hr+ AMA @michaelfkong said:

1. FTM is a General Smart Contract Platform, not limited to DeFi, NFT, GameFi, Metaverse, etc.

2. fUSDv1 is the biggest failure in @FantomFDN (FF) history.

(1/x)
3. Revamp into fUSDv2 its an unfinished job for FF.

4. It adds more utility to sFTM & can be used to engage DeFi activity on-chain while staking $FTM.

5. reiterate fUSD is not algorithmic stable such as UST, it will not have #DeadSpiral.

Summary:

(2/x)
6. There is liquidation cascade risk, mitigation is to limit 10million fUSD for now, & grow over time when FTM price becomes more stable.

Why FTM?
7. Because it never goes down, Reliable. Cheaper & faster than other chains in the same traffic.

(3/x)
Read 14 tweets
OTW.fantoman ✨👻⚡ Profile picture
May 11
🔑Points after Confronting #FTM CEO @michaelfkong for 1.5hrs

1. He thinks the current algorithm for UST stablecoin doesn't work because it is not backed by anything but faith, so it could go negative cycle when people lose faith.

(1/x)
2. He wants fUSD to have an over-collateralized model tied to the value of FTM.

3. He learned that Foundation should focus on tech, and Dapps protocols/fUSD should pass to community devs to handle.

(2/x)
4. He thinks FTM is unique amongs L1 because the transaction is processed asynchronously. It's like a Multicore processor vs. a single-core processor nowadays.

5. The algorithm makes the Fantom chain never goes offline.

(3/x)
Read 11 tweets
OTW.fantoman ✨👻⚡ Profile picture
May 9
🤑 $Solid price is more stable than $solidsex and $oxsolid.

Although they designed to have the same functions as Solid veNFT.

But now 1 solid = 4.7 oxsolid or 8 solidsex. Why not pegged? 🧐

(1/x)
Risk:
- DEUS has a clear plan for Solidly+. But that still uncertain from oxd and solidex.

- New Solidly+ might have get exploited at initiate stage. Oxd and sex has double the risk because they build on top of Solidly+.

-Solidex contract is immutable and less flexible.

(2/x)
Reward:
-SOLID/DEI pair has good incentive/reward now to tank the price.
E.g. 7% per week = 14% price hedged Solid since it is paired with stable.

-Investor right now look for short term gain rather than long term FX volume return.

(3/x)
Read 4 tweets
OTW.fantoman ✨👻⚡ Profile picture
May 2
⭐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
OTW.fantoman ✨👻⚡ Profile picture
May 2
🔑 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)
Read 8 tweets

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