Share this page!

Sovereign Origin 🥕/21M Profile picture
Twitter logo
Sep 21 • 4 tweets • 5 min read
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?
Congrats to @TheArtOfTomas for winning the #SovrynCake meme comp!
Legend 🤸
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.
Tagging The #SuperHodl Plebs:
@Keinor @cabincryptoguy @Sacro84431472 @lessthan3aire @ConsciousClimes @StackingSaunter @jnunez @UpsideDown_Head 🦾

Early Access & want to get your #SuperHodl on using Zero, too? 👇

• • •

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

Keep Current with Sovereign Origin 🥕/21M

Sovereign Origin 🥕/21M Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sovereignorigin

Sovereign Origin 🥕/21M Profile picture
Sep 21
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
Sovereign Origin 🥕/21M Profile picture
Sep 20
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
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 29
#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!
Read 4 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

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

Email the whole thread instead of just a link!

Separate emails with commas

:(