With its #PoS chain BNB, Binance has been growing steadily
1/ BNB Chain is currently positioning itself as the third Layer 1 network just behind Bitcoin and Ethereum. By partnering with protocols such as pSTAKE, BNB Chain has continued growing and strengthening its position in the crypto market.
2/ How does pSTAKE protocol work?
The pSTAKE protocol offers a liquidity system for users, in which users contribute their native tokens, BNB, and simultaneously a token is generated within the protocol called stkBNB.
3/ This solution provides two main benefits:
1. The value of the stkBNB token issued by the pSTAKE solution accumulates a reward that accumulates in such a way that it appreciates against the value of the BNB, which is the native token.
4/ 2. The issuance of the stkBNB token allows the user to use that same locked value in other compatible DeFi products to generate additional returns.
5/ Currently, it is estimated that $8.9 billion is locked in the liquid staking pools of the Ethereum network, which represents approximately 33.5% of the value of Ethereum in the network, according to data provided by @DuneAnalytics
6/ BNB's partnership with the Liquid Staking solution developed by @PersistenceOne entails an opportunity to continue deploying financial solutions that support all those who interact in the crypto ecosystem.
7/ In addition, pSTAKE works in parallel with the Ethereum ($ETH), Cosmos ($ATOM), and Persistence ($XPRT) networks, and work is underway to make it operable on the Solana and AVAX networks.
8/ Through the multi-chain support by pSTAKE, the user can move tokens in a simpler way, taking advantage of the best staking performance options.
9/ To do this, there are integrations with @PancakeSwap, in which a pair of liquidity groups will be available, allowing users to stake the stkBNB/BNB and PSTAKE/BUSB tokens.
Users will be able to exchange pairs and provide liquidity while earning liquidity tokens.
10/ And when these same tokens are wagered, the user receives $CAKE as a reward.
In the same way, on @AlpacaFinance, users can take advantage of yield farming for PancakeSwap's stkBNB/BNB and PSTAKE/BUSB pairs by depositing and borrowing assets.
11/ Alpaca users will receive PSTAKE rewards through their grazing groups and according to their rank.
All these solutions and integrations for the Binance Smart Chain ecosystem are expected to increase the interest of users in the adoption of this network.
12/ We believe BNB can continue to grow and position itself in the market hand in hand with pSTAKE.
Let's divide it into a couple of different time frames and use @RayDalio's long-term debt cycle framework
We can say that it's the end of something big, but of course, the end is a long process and it can be a decade-long process
2/ When we go down to zero interest rates and reach a massive amount of debt in the system, we usually go through some sort of currency devaluation and system change
So, it's not the end of the world but it's the end of an era!
The Current Crypto Gaming Landscape is Stupid, Let’s Explore How it Could Potentially Be Not Stupid in the Future
A painfully honest letter about Crypto gaming:
✉️ 🎮 🧵👇
1/ If people were honest with themselves, they started to care about Cryptocurrency, blockchains, consensus models, or any other underlying tech and buzzwords in this space because of the financial incentive. People are hoping to strike it rich! Filthy rich. Let’s be honest.
2/ Just like the gold rushes of days long past, what we’ve witnessed over the past decade of Crypto’s history is a massively impressive speculative rush - with many having made life-changing wealth.
A historic day! Le Et hirium Merde is finally upon us. It should from a developer standpoint be fine - lots of testnets and shadow forks have been successful.
Will we see volatility in price? Perhaps.
1/ Things are currently looking fairly flat with #Bitcoin barely holding $20k and ETH struggling to hold $1600.
It’ll be incredibly interesting to see what the sentiment is like once this big event is finally over.
2/ So many market participants have been hyper-focused on this event.
Also pretty wild about Do Kwon - pretty sad when you remember he named his daughter Luna. Lots of hard learned lessons this year.
Oof - a higher-than-expected CPI print really came in like a bucket of cold water on the market. 8.3% YoY, 0.1% MoM vs Expected: 8.1% YoY, -0.1% MoM.
CPI being higher than what economists expected is a sign that the Fed will stay aggressive in raising interest rates n essentially guaranteeing we’ll see a 75 bps rate hike at FOMC next week. #BTC tends to move in the opposite direction of the $ n DYX spiked on today’s CPI news.
This Twitter post is just an excerpt. To catch the full version of today's alpha, check out our Daily Newsletter:
🌍 Macro Mondays Newsletter 🌍 Monday, September 12th
This week we're diving into the Macro Implications of Ukraine’s Stunning Counteroffensive
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1/ Synopsis:
Europe is in trouble. Along with the European Central Bank’s belatedly hawkish turn, the continent is buckling under the weight of sky-high energy prices.
2/ Markets are currently flashing warning signs that Europe will soon face a difficult winter as businesses and consumers alike confront crippling energy prices.