Another week has passed, another week full of excitement. @TeamKujira isn't slowing down.
What happened and why should you care? 🧵👇
2./ Although $KUJI has been in a downtrend lately, smart people are accumulating here.
@TeamKujira is positioning itself as the @cosmos#DeFi hub for the people. You can profit from liquidations and market-making, something that’s only available for bots in other ecosystems.
3./ First, I’d like to speak a word to the team.
Despite the fact that what you guys deliver is amazing, I’d strongly recommend you to get out sometimes and get some fresh air. Performing constantly at such a high level is not healthy guys.
4./ So what happened this week?
First of all, they posted this picture below. But what is it? Rumors are #ghost is a lending protocol coming to @TeamKujira, but nobody knows.
5./ Another big event is the announcement of @SonarWallet. We already knew @TeamKujira was building its own wallet and this indicates it's getting closer and closer.
6./ Furthermore, $BNB has been added as collateral option to mint $USK. More collateral is definitely needed since $USK is trading above the peg. Currently trading at $1.07.
8./ dApps like #Orca, #FIN and #BOW are still doing their thing. Till now, everything delivered by @TeamKujira works flawlessly. I can't wait for their new products to launch.
9./ That's it. As I said, another week full of excitement. Thanks to the @TeamKujira team.
I'd also like to use this opportunity to thank you guys for 2022. What you did after the Terra collapse is amazing!
Enjoy the Holidays and let's make 2023 a $KUJI year to remember! 🎄🎅
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2./ @FinanceChainge is a next-generation #DeFi app that currently positions itself as the most liquid web3 trading venue on the market. The first thing that stands out when researching @FinanceChainge is their app. Honestly, the UI/UX is great.
3./ It almost feels like you are using the @binance app.
Back to the claim of being the most liquid trading venue in the environment. How did they achieve this? Did they attract so much liquidity?
1./ Yeah, I’m still bullish on $RUNE. So let’s talk about the $RUNE bull case. 🔥
“If you can’t explain why you’re bullish, you ain’t really bullish.”
Let’s go! 👇🧵
2./ Because I want to focus on why I’m bullish and don’t want to go too deep into all the basics I’ll cover these quickly. $RUNE is @THORChain's native token.
3./ @THORChain is a settlement layer where you can swap native assets from different blockchains against each other without having to use bridges or other centralized parties. Decentralized, trustless. Exactly how I like it.
3./ As explained @THORChain is a liquidity protocol that uses liquidity pools to make it possible to swap native assets against each other. As we all know, liquidity pools consist of two assets. In the case of @THORChain one of the assets is always $RUNE.
1./ Probably you’ve seen some tweets about the $RUNE deterministic price. What is it and why should you care? 🤷♂️
Let’s dive into $RUNE, an asset with one of the greatest value captures out there! 🏆
2./ $RUNE is @THORChain's native token. @THORChain is a cross-chain liquidity protocol. Because of its design, $RUNE always has a minimal value. This minimal value is the deterministic price.
3./ @THORChain is designed in such a way that there always needs to be 3 times as much $RUNE locked in the protocol as there are non $RUNE assets. So for each dollar of $BTC added in a liquidity pool, three dollars of $RUNE needs to be locked.
@EvmosOrg is both #IBC connected as it is #EVM compatible. This means dApps written in Solidity (the @ethereum coding language) can launch in @cosmos ecosystem without having to change their code!
2./ Why does this matter? Well, just compare the number of protocols of the top-5 EVM compatible chains with the top-5 non EVM compatible chains. I think @EvmosOrg could be the trigger for many protocols to start migrating to @cosmos.
1./ Although many people are bullish on $RUNE not everyone seems to get why it’s programmed to $100 and probably far beyond.
In this thread I’ll explain why @THORChain is a liquidity black hole and you probably want to accumulate more now it’s still cheap 🧵👇
2./ First of all it’s important to know what @THORChain is. @THORChain is a decentralized liquidity network that enables swapping native assets against each other without using bridges. Next to this it’s possible to mint synths of native assets which will always keep their price
3./ But why is this important?
Currently going from one to the other chain requires centralized parties or trust. You can either use a CEX, which is centralized. Or you can use a bridge which requires trust. There are reasons why this is not the preferred way.