The relationship between the #EthereumMerge and #DeFi is a fascinating case study for a changing economic ecosystem.π
And @variantfund's Twitter Space dove deep into how the #merge affects #DeFi.β¨
Here is the summarized version:π
And @variantfund's Twitter Space dove deep into how the #merge affects #DeFi.β¨
Here is the summarized version:π
The space was conducted by @variantfund and @eulerfinance.β‘
@spencernoon, @gham1lt0n and @Derekmw23 represented Variant.π°
@MacroMate8, or Seraphim, the head of risk at Euler, was the Euler side's representative.π
@spencernoon, @gham1lt0n and @Derekmw23 represented Variant.π°
@MacroMate8, or Seraphim, the head of risk at Euler, was the Euler side's representative.π
https://twitter.com/brew_defi/status/1569347053981167619?s=20&t=UWu0qC3a_zZN6Dy5pZ7aew
@variantfund @eulerfinance @spencernoon @gham1lt0n @Derekmw23 @MacroMate8 @MacroMate8 first laid out what the long-term focus of @eulerfinance would be.π
Euler will focus more on #Oracle technology to improve smart contracts.π
This is why the #Euler team has added @chainlink support to the ecosystem.π€
Euler will focus more on #Oracle technology to improve smart contracts.π
This is why the #Euler team has added @chainlink support to the ecosystem.π€
https://twitter.com/chainlink/status/1567620598154633221?s=20&t=45UU9aHul5L1fDe0mck_nQ
He believes the #market can be unstable after the #EthereumMerge.π
(What a prophet!)β¨
@MacroMate8's reasoning being the validators can get multiple blocks in a row on staked #ETH, and the blockchain isn't used to this new type of #ecosystem.β
(What a prophet!)β¨
@MacroMate8's reasoning being the validators can get multiple blocks in a row on staked #ETH, and the blockchain isn't used to this new type of #ecosystem.β
https://twitter.com/MacroMate8/status/1563118677549264896?s=20&t=UWu0qC3a_zZN6Dy5pZ7aew
@MacroMate8 @MacroMate8 couldn't have been closer to the truth as $ETH has dropped from a healthy $1650 to $1350.π
The pricing of #ETH has been vulnerable ever since the merge happened.π΅
The pricing of #ETH has been vulnerable ever since the merge happened.π΅
As for whale watchers, a big $ETH holder sold off around $30-40 million.π³
AS @MacroMate8 explains, movements like this are making the #market more volatile.ππ
AS @MacroMate8 explains, movements like this are making the #market more volatile.ππ
And higher volatility has made @eulerfinance's interest rates higher.β‘
This #volatility has resulted in a 'domino reaction' across the whale #crypto market with buy and sell orders.π°
Looks like some of the large $ETH holders didn't like the #merge!π
This #volatility has resulted in a 'domino reaction' across the whale #crypto market with buy and sell orders.π°
Looks like some of the large $ETH holders didn't like the #merge!π
https://twitter.com/OurNetwork__/status/1570850611947802624?s=20&t=UWu0qC3a_zZN6Dy5pZ7aew
But for the average #crypto investor, @MacroMate8 believes the best strategy is to wait and watch.π
The #market will be volatile (as he predicted correctly!), but it will fizzle out in the long run.π
The #market will be volatile (as he predicted correctly!), but it will fizzle out in the long run.π
And the opportunities provided by the #merge are more abundant than the risk itself.β¨
At least that's what Seraphim believes!
The merge offers a higher potential yield for the average #crypto investor using #DeFi services.πΈ
At least that's what Seraphim believes!
The merge offers a higher potential yield for the average #crypto investor using #DeFi services.πΈ
https://twitter.com/WhaleStats/status/1570185896565039104?s=20&t=45UU9aHul5L1fDe0mck_nQ
One such opportunity was @compoundfinance.β‘
#Compound had increased its interest rate ceiling to 1000% in anticipation of the event!π
@eulerfinance had different plans!π
#Compound had increased its interest rate ceiling to 1000% in anticipation of the event!π
@eulerfinance had different plans!π
As @MacroMate8 stated, Euler didn't change any policy in preparation for the Merge!π
And as @spencernoon summed up, these moves seem to be working.β‘
Spencer said how the liquidity providers on the @eulerfinance protocol aren't just for pump-and-dump yields.π
And as @spencernoon summed up, these moves seem to be working.β‘
Spencer said how the liquidity providers on the @eulerfinance protocol aren't just for pump-and-dump yields.π
https://twitter.com/spencernoon/status/1552663661973479430
As more people start adopting #DeFi, the whole ecosystem will eventually benefit as a whole.β¨
Whether it is @eulerfinance, as @spencernoon said, or some other protocol, the ecosystem seems to be winning!π
Whether it is @eulerfinance, as @spencernoon said, or some other protocol, the ecosystem seems to be winning!π
β’ β’ β’
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