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Sovereign Origin 🥕/21M Profile picture
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Jul 29 • 4 tweets • 3 min read
#SuperHodl Day # 11 on Zero @SovrynBTC
Boring sideway price action.

#SuperHodl Says: No Change !

Anybody still intoxicated from that buy yesterday?

Realize these are "free sats" coming out of #bitcoin's price increase only. Stack while having a big cushion on the reserve.
I will look into adding the effective liquidation price as well (incl. reserve) & wanted to get the "No-Trade" signal out there already.

Tagging @Keinor @StackingSaunter @cabincryptoguy
Happy #HODL!

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More from @sovereignorigin

Sovereign Origin 🥕/21M Profile picture
Jul 30
Zero loan protocol from @SovrynBTC is about as mind-boggling as #bitcoin itself🤯

A short thread with some... Philosophy? Let me know if you agree with these concepts & RT to spread the word.
🧵
To start, I love the freedom of it all.👑
You loan from yourself, mint some coins for yourself, have to pay back to yourself, and lock up your own collateral, for you. 🫵
Truly you are "Your Own Bank" as intended by #bitcoin. 🦾
If you have bad lending habits, others will liquidate you. The community keeps you honest.
Your risk is fully your own: appetite for a timely 110%? Go 11X margin long! 150%? Safety first. Truly want to set and forget? Consider 300-500%.
Read 9 tweets
Sovereign Origin 🥕/21M Profile picture
Jul 28
#SuperHodl is in buy mode for the first time! Use your #bitcoin in a managed collateralized 0% loan from @SovrynBTC.

Please see the dash for actions to take. Let me know if I can help clarify any steps / numbers / graphics.

See below for some notes. Image
It took me some time to update all this and execute myself. The price is moving all the time, so the numbers may already be out of date.

The most important is to obtain the # of ZUSD from Zero that gives you a collateral ratio of 250%.
Adding very small amounts of RBTC to the collateral is difficult in the GUI (@lightcoin feedback ;p). I rounded up the number the algo gave me and ended up slightly above 250% after that.
Remember kids, it is a manual trial, none of this is perfect or algorithmic in any way.
Read 6 tweets
Sovereign Origin 🥕/21M Profile picture
Jul 22
Another rather eventless day for #SuperHodl early adopters🙌 #Bitcoin price action is nicely sideways.

Second day, SuperHodl says: No Change !

Tagging @Keinor @StackingSaunter (did you start yet 😋)

#HODL on !
For people looking to learn more about Zero, please check out wiki.sovryn.app/en/sovryn-dapp…
For people looking to join #SuperHodl and have Zero access, please see the following thread on getting started:

Read 5 tweets
Sovereign Origin 🥕/21M Profile picture
Jul 20
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
Read 23 tweets
Sovereign Origin 🥕/21M Profile picture
Jul 5
Short mini-tutorial for those starting out with @SovrynBTC e.g. #DeFi on #bitcoin. Use your coins without KYC, lending pools, liquidity pools, spot, margin and limit trading, ... and of course #GetOnZero!

A short thread on my @RSKsmart onboarding experience. It may help you!🧵
First things first. You need a wallet that supports RSK!
Beyond @MetaMask, ..., I prefer a hardware wallet and happened to have a @Ledger.
It supports RSK /w the RSK app, which is not supported in Ledger Live. So you can connect to Sovryn and RSK, but won't see TXs. What to do?
Pro tip: you can connect your Ledger on app.mycrypto.com and use it to transact on the RSK main chain! You will need this later on. For now, it can already help you to identify which addresses you have on RSK. If you connect to Soryn with your HWW, the address is the same.
Read 17 tweets
Sovereign Origin 🥕/21M Profile picture
Apr 23
Short update on #SuperHodl, the automated savings algo based on Zero loans by @SovrynBTC. Still alive & still sim. only:
- data analysis: the algo vs price trajectories (#bitcoin & alts backtests, forecasting)
- algorithm improvements (liquidation likelihood vs mean gain)
🧵👇
#bitcoin is a good coin. Like, statistically and historically, it has performed very well on the algorithm.
We have now ran the algo on DOGE, BSV, MIOTA and XRP. The algorithm survives none of the pump 'n dump schemes that these coins represent.
No surprise here :-)
The algorithm shows, in price forecasting, that Zero-loan liquidation is possible if average daily price drops are large enough (for long enough periods of time). In backtesting, it's all good.
The algorithm cannot do magic. Several safety mechanisms have improved the resilience.
Read 5 tweets

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