Eli5DeFi Profile picture
Jun 12 13 tweets 52 min read
#GM!
1/ There have been many amazing #threads about $stETH and $ETH, to complement that we will uncover the basis of #liquidstaking in our latest #visualguide

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
2/ #LiquidStaking is one of the ways to generate a #yield from an asset by utilizing the #composability of liquid staking derivative (LSD) #tokens

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
3/ #LiquidStaking is needed to reduce the barrier to become #validator and indirectly to increase #liquidity across the networks.

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
5/ #LSD #tokens are designed as a receipt to redeem, therefore its fair #valuation in the secondary #market might differ from its staked #assets

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
6/ #LiquidStaking also has its own risk, cartelization or #centralization become one of main concern due to its inevitability

#DeFi #Crypto #Cryptocurrency #Bitcoin #Ethereum #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
7/ #LiquidStaking in #Ethereum is a bit different due to the networks still running on #PoW instead of #PoS.

#DeFi #Crypto #Cryptocurrency #Bitcoin #staking #ETH #BTC #AVAX #BNB #SOL #NFT #Lido #LDO #trading #merge
@DefiLlama @eliasimos 12/ You can also check our #Notion public page for #DeFi Wiki and resources. The page will be regularly updated by our team @minnymousegirl and @0xblock_head

eli5defi.notion.site/Eli5DeFi-Wiki-…

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More from @eli5_defi

May 21
#GM!

What is #liquidity pool? how does it work? what is impermanent loss? how to minimize it?

This visual guide will help you understand #LP and how it enables decentralized #economy to thrive.

(1/12)

#DeFi #Crypto #Bitcoin #Ethereum #AVAX #BNB #DEX #Uniswap #PancakeSwap
LP is a vault into which participants deposit and lock their assets in smart contracts to form a market (trading pair) and make it liquid for those wishing to trade in that pair.

(2/12)

#DeFi #Crypto #Bitcoin #Ethereum #AVAX #BNB #DEX #Infographic #yieldFarming
Most #LP requires assets to be paired, this asset will create trading pair by utilising constant product formula to ensure a fair price.

(3/12)

#DeFi #Crypto #Bitcoin #Ethereum #AVAX #BNB #DEX #Infographic #yieldFarming
Read 14 tweets
May 16
How do #Options work? How to include options into your strategy? Why do we need options products in #DeFi?

We cover all of the basics you need in our latest visual guide, decentralized options.

(1/17)

#Cryptocurrency #Bitcoin #Ethereum #AVAX #BNB #Derivatives
An option is a #contract giving the investor the right, but not the obligation, to buy or sell an underlying asset at a specific price on a certain time period. Investors must pay a premium to get the contract.

(2/17)

#Cryptocurrency #Bitcoin #Ethereum #AVAX #BNB #Derivatives
The option writer is the seller of an option who opens a position to collect a premium payment from the buyer of the options contract.

(3/17)

#Cryptocurrency #Bitcoin #Ethereum #AVAX #BNB #Derivatives
Read 19 tweets
May 8
$UST having another stress test today a.k.a. de-peg, it is best to revisit basic principles of $UST and $LUNA in layman's terms.

#Lunatics #Terra #UST #LUNA

@terra_money @stablekwon @Remi_Tetot @nickplatias @ZeMariaMacedo @KanavKariya @CryptoHarry_

(1/x)
$UST is algo-stables that the value determined by adjusting the supply algorithmically. To achieve this equilibrium, $LUNA act as stabilizer to maintain $UST peg to $1.

#Lunatics #Terra #UST #LUNA

(2/x)
$LUNA is not just act as $UST stabilizer, it is also native token of @terra_money ecosystem similar to $ETH in @ethereum. The growth of Terra ecosystem and mass adoption of $UST will increase value of $LUNA

#Lunatics #Terra #UST #LUNA

(3/x)
Read 8 tweets

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