#GM 1/ $GMX and $GLP mechanism are so delicate that some new people might be confused, but fret not! we're here to help you summarize them with #QuickBites.
3/ $GMX and $GLP together they make an amazing compounding flywheel as the value accrues and vested overtime.
Some correction pointed out by @tanoeth, the vested $esGMX will still receive rewards as long as it is not withdrawn. We are too excited, so this one slipped by! apologize for the inconvenience. 🫡
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#GM! 1/ #Lending and #Borrowing (LB) are the most primitive financial services. We will discuss how #DeFi LB solves and enables financial inclusivity with transparency but still maintain #privacy.
2/ In traditional #finance, the intermediaries are appointed banks or financial institutions that act as the bridge between the lender and borrower. All of these services are strictly regulated and monitored by the central #banks.
3/ Despite already existing for a long time, LB in traditional #finance has a long-standing problem: non-inclusive, stringent procedures, arduous verification process, low rate and approvals, and non-transparency.
#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
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.
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.
$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.
$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