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Cyril - DeFi Profile picture
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Jan 9 • 14 tweets • 10 min read
#Iota 2.0 won't be the same project we know from back in the day.

Why? Because there has been lots of improvement within its ecosystem: decentralization, security, and scalability.

The Ultimate Guide to Iota ecosystem 🧵

#Iota #Shimmer
What I'll be covering:

• What is IOTA?
• How it works
• Dex, swaps building in the ecosystem
• Ecosystem updates
Before we dive in..

What is IOTA?

IOTA is the first distributed ledger built for the “Internet of Everything” - a network for exchanging value and data between humans and machines.
No Coordinator anymore, new message structure, new consensus mechanism. The brand-new #IOTA network is here to stay.

Why?

• Decentralized, secure & permissionless
• Finality within seconds
• Lightweight and modular
• Feeless transactions

Let me explain how it works ↓
→ Decentralized, secure & permissionless

Based on a leaderless consensus protocol, IOTA 2.0 is the most decentralized distributed ledger protocol able to handle more than just payments.
→ Finality within seconds

Transactions reach finality in seconds without having to wait for confirmations by centralized entities, regardless of the number of network participants.
→ Lightweight and modular

Low-power devices do not have issues running a node as message creation and validation are not expensive operations.

#Iota's modular approach enables countless extensions of the base protocol through additional modules.
Moving on to amazing projects building in #Iota's ecosystem. Ever since Iota 2.0 has been in place.

#Shimmer is a strong layer 1 building in Iota's ecosystem. Here is a full overview of what $SMR is trying to achieve.
Firefly is built with usability and security at its core.

Abstracting the complexities of cryptocurrencies, and providing a highly secure and intuitive interface for managing your assets.
Amazing Dex's building in #shimmer ecosystem to check out are:

@iotabee
@ShimmerSeaDEX
@TangleSwapE
@soon_labs
@iotabee @ShimmerSeaDEX @TangleSwapE @soon_labs Full coverage on soona verse right here 👇
Some impressive defi protocol building on #shimmer:

• @LendeXeFinance
• @MoonvaultCap
• @RevestFinance

A full picture of new developments in shimmer's ecosystem are:
Tagging some #IOTA legends you should check out:

@DomSchiener
@navinram999
@iota
@2xnmore
@ScopeDefi
@DomSchiener @navinram999 @iota @2xnmore @ScopeDefi Did you find any value in this thread?

If you did then please like/ Retweet 👇( It helps this page a lot)

Follow me @cyrilxbt for more 🧵 's like this.

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More from @cyrilXBT

Cyril - DeFi Profile picture
Jan 10
After numerous hours of researching DeFi protocols and why the majority of them failed.

I felt compelled to share it with you all

Here are the 3 critical flaws that brought DeFi protocols down in this cycle 🧵↓↓ Image
First of all it's important to note that @tokenterminal has made it super easy to find valuable projects in the defi space.

The Image
Most Defi protocols have poor risk management, insufficient revenue and the overuse of leverage are the core reasons why #DeFi is crumbling.
Read 14 tweets
Cyril - DeFi Profile picture
Jan 4
Last year, crypto scammers took $14 billion from victims.

To safeguard yourself and your funds, use the following checklist 🧵
What I'll be covering:

• Private key and seed phrase
• Securing your smart devices
• The top scamming tactics to look out for
• Smart Contract risks
• How to keep yourself save

This might be the MOST important thread you'll ever read.

Let's dive in👇
Before we dive in...

It's important to note that

Your PRIVATE key is everything. Hold onto it for dear life.

It also proves you OWN the account, and allows you to send transactions.
Read 26 tweets
Cyril - DeFi Profile picture
Jan 2
It’s finally here guys. One of the most anticipated NFT launches.

PROLOGUE by @spice_finance

A first-of-its-kind NFT collection that enables holders to earn 20-40% $ETH yield with no effort or stress through Spice’s NFT lending vaults.
What I will be covering in this thread:

- The main goals of Prologue by Spice Finance and its launch
- Why the minting process makes this NFT project interesting
- Where does the yield come from
- Prologue loans and leverage

Let’s dive into this novel project 👇
The main goals of Prologue by spice finance

1. Bride the gap between NFTs and Defi; Spice Finance intends to build the Defi building blocks necessary to unlock the potential of NFTs.

2. Give financial power back to the long-term holders.
Read 13 tweets
Cyril - DeFi Profile picture
Dec 30, 2022
A compilation of all the 100x strategy guides I created (Become a pro gem hunter ) 🧠🧵
It is no guarantee that discovering your 100x gem in crypto is more likely than in  other investments.

This requires the proper knowledge and strategy. Always remember that timing is EVERYTHING.
Before we dive in...

Let's set some rules to keep us safe while making the most of our investment.

1. If a coin is already at a new ATH it's already too late no matter how hyped it is
Read 9 tweets
Cyril - DeFi Profile picture
Dec 29, 2022
Finding top-tier crypto projects during a bear market can be difficult.

So I did all the hard work for you today.

Here's all you need to know about #SAITO, as well as why you shouldn't pass it up.
$SAITO 🧵 Image
What I'll be covering:

1. Introduction
2. What is Saito?
3. Tokenomics
4. Where to buy Saito
5. Conclusion

Let's dive in 👇
1️⃣ Saito makes real web3 possible. No Strings attached.

Unlike other blockchains, Saito’s economic incentives are fundamentally aligned, allowing for true and sustainable web3
Read 18 tweets
Cyril - DeFi Profile picture
Dec 28, 2022
Lands are taking the industry by storm, determined to bring real-world production to Defi with tokenized agricultural commodity vaults.

The dress rehearsal testnet has been launched, with a game-changing partnership with the tide.

#Landx #Defi
Here's how to take advantage as an early investor

Tide is revolutionizing marketing as we know it. It was created by Five Elements Labs,
Tide bridges the gap between web2 and web3 users and offers an engaging gamified rewards solution to foster organic growth for web3 projects.

Tide offers another way to connect with dedicated users and brings an even more rewarding experience to every supporter.
Read 13 tweets

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