Alert! Starting the #SuperHodl trial on @SovrynBTC for those with access to Zero!
Want to join the trial of #SuperHodl by manually doing all the work? You'll see it takes some clicks. Every day. But then, you may see how it works and appreciate it :)

A thread!
Follow all steps in the thread below to start-up your line of credit, swap to XUSD, buy some #bitcoin and deposit XUSD to a lending pool for interest.
1) Go to live.sovryn.app/zero and login with your wallet (this example uses Metamask)
2) Click Open Line of Credit Image
1) Add the amount of collateral you want to start with. Example of 0.08 RBTC is given.
2) Adjust the Borrow amount until the collateral ratio is 250%
3) Check that the collateral ratio is 250%
4) Click Confirm Image
1) Sign the transaction in Metamask by clicking Confirm Image
1) Check that the LoC (=Line of Credit) is opened. Note you have 23.78USD extra debt, due to the liquidation reserve (20 USD) and borrowing fee (0.52% in this case)
2) Convert the available ZUSD to XUSD by clicking Convert on the ZUSD side Image
1) Sign the first transaction by clicking Confirm. Before it confirms, another one pops up.
2) Sign the second transaction by clicking Confirm. Image
1) Go to live.sovryn.app/swap
2) or live.sovryn.app and click Trade->Swap. Select the XUSD -> RBTC pair
3) Add 6.4% of your XUSD to the Trade Amount.
-> Why this amount? Because #SuperHodl Says So.
4) Click Advanced Settings Image
1) Make sure slippage is low by selecting near the minimum.
2) Close the Advanced Settings box by clicking the X. Image
1) Click SWAP for moar #bitcoin Image
1) In the Review Swap box that pops up, click Confirm. Image
1) Sign the transaction in Metamask by clicking Confirm Image
1) You swapped XUSD to RBTC. Keep it in your wallet. Click Close Image
1) Click Earn -> Lend in the menu. Image
1) In the XUSD lending pool, click Deposit Image
1) Add the remainder of the XUSD to the Amount
2) Click Deposit Image
1) Sign the first transaction by clicking Confirm. Before it confirms, another one pops up.
2) Sign the second transaction by clicking Confirm. Image
1) Wait for the transaction to confirm. Once it is completed, click Close. Image
You have completed your deposit. Note the amount in Your Deposit. Your reserve will now start accruing interest. Image
That's all, folks! Now you are all set to start following my steps, day by day. Check back tomorrow!
Note this is all on your own responsibility - Beta software, not financial advice, and all that. I'm just a Twitter pleb..
If you want to share, feel free to RT!
Just #HODL!
Please give me your feedback if this was a clear thread or can be improved?
Also please let me know if you're joining in on the fun, I could possibly keep a list and tag people so you all get a notification once the daily update is live.
(Target time: 23:30PM CET daily)
Extra extra!

If you are new to this, find the tweet below as an intro / explainer to #superhodl.

Let me know if it would help to update this? Note the simulated data in there is outdated by now.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sovereign Origin 🥕/21M ⚡️

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More from @sovereignorigin

Jun 26, 2023
The fractional reserve banking system means inflation, financial instability, and unpredictable value of money.
The free banking gold-standard system, in contrast, offered stable value, lower inflation, and responsible fiscal policy, while being inelastic.
Can #bitcoin fix that?
Let's compare @SovrynBTC Zero Protocol with the historical free banking era based on a gold standard.
How do they stack up? 🤔

h/t @SovrynDollar @rootstock_io @babelfishmoney
Underlying asset: Free banking had banknotes backed by gold.
In Zero, $DLLR are pegged to USD and backed by #Bitcoin. It’s like swapping gold for Bitcoin. 🔄
Read 9 tweets
Mar 17, 2023
Dear #SuperHodl plebs: important update going forward on the algorithm experiment I'd like to share 🧵

Context: $DLLR is now live! It gives Zero users an option to buy #bitcoin directly, like we did as part of the original #SuperHodl algorithm. ⤵️
As introduced earlier, #StableHodl is a new version that leverages the stability pool as a place to hold our reserves (as we have been doing with #SuperHodl, too, since the @babelfishmoney did not allow further ZUSD in their pool).⤵️
Through $DLLR and the stability pool, we can start to do #StableHodl and buy #bitcoin again like the algorithm intends, while actively gaining #bitcoin on the downside as well (at very low prices). ⤵️
Read 10 tweets
Mar 15, 2023
#SuperHodl Says: No Change! for Mar 15

One bank down, ...


while BYOB (be your own bank) becomes a reality just tomorrow. Mint your future with Zero and @SovrynDollar on @SovrynBTC Image
EU is such a fun place to leave. I mean, live. I mean....

Read 5 tweets
Sep 21, 2022
Some clarification w.r.t. #SuperHodl based on comments I've seen recently from the fam.

Short thread.
Zero Protocol is not the same as #SuperHodl:

Zero Protocol is a @RSKsmart smart contract that you can interface through @SovrynBTC's #DeFi platform.
It mints $ tokens (ZUSD) against your #bitcoin, and you are the counterparty. Therefore, 0% interest, no payback term.
#SuperHodl is a trading algorithm that leverages several @SovrynBTC platform products; notably Zero and a lending pool.

It:
- Takes out a $ loan against #bitcoin
- Puts the $ in a reserve to gain yield over time
- And computes every day if an action is necessary by the borrower
Read 8 tweets
Sep 21, 2022
I mean - it's not great. But not the mayhem it could have been after #FOMC and #Russia announcements... #bitcoin is "hanging in there".

So is our Zero loan from @SovrynBTC:
#SuperHodl Says: No Change! for 21 Sept.

Mayor oof territory though. Got powder?
Today we welcome two new plebs to the fam:
@jnunez and @UpsideDown_Head

May the #HODL be strong with you and the price-action flow within.
Read 4 tweets
Sep 20, 2022
As you know we are long-term bullish. But this FOMC & Russia announcements are making macro look bleak in the coming day(s). Did #bitcoin price it in with today's -3%?

#SuperHodl Says: No Change! for 20 Sept.
Make it go to Zero @SovrynBTC!

👇🧵 Image
As a general courtesy, please keep an eye out for your Zero loan since we are manually keeping track of CR to update our loan if needed.
If a strong (flash) dip occurs, realize that our current liquidation price (without yet paying back anything) is around $10,750.-
ctd.
Hence we're still quite safe, and if we would pay back part of our reserve we can bring that liquidation price much further down (to $200 outstanding loan min., or close your position). This price number is reported on the Daily Dash.
ctd.
Read 8 tweets

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