Simply put, it allows two parties to exchange the cash flows of one party’s fixed-rate loan for the other party’s floating-rate loan.
@ipor_io brings IRS on-chain through its three innovative products: IPOR Index, IPOR AMM, and Asset Management.
The IPOR Index reflects benchmark interest rates in DeFi and is freely available for integration into smart contracts.
With @ipor_io, users can #hedge the risk of interest rate fluctuations.
Long IPOR IR allows borrowers to offset the risk of increasing interest rates. Short IPOR IR allows lenders to offset the risk of decreasing interest rates.
@ipor_io also offers opportunities for #arbitrage, allowing users to take advantage of differences in interest rates between #stablecoins.
Lastly, @ipor_io enables users to #speculate and profit from expected changes in interest rates by taking a long or short position on IPOR IR.
Join the discussion in the comments below on the on-chain #IRS market and share your thoughts with the #DeFi community! 👇👇
@ipor_io@ipor_io Would you be interested to join us on The Bullish Bias show with @JornvZwanenburg, to discuss IRS and the impact that IPOR aims to make in this market?
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Get ready for a wild ride in the crypto world! The #market is heating up with a big move seen on Friday, followed by a minor retracement on Saturday, then a significant rise on Sunday via @FlagshipFYI by @__Potted 🧵⬇️
2/ The gap in the futures trading is what caused the retrace and rebalancing, as market makers return to work on Monday.
3/ The market has retested its initial breakout and must hold above 23.500-23.300 for continued growth.
Launched on the 17th of January by a Singapore-tech-based firm, Metadream, #bondee is a social media app that allows users to:
👗 Dress up virtual avatars
🏠 Decorate rooms
📢 Interact with up to 50 friends
It is conceptualized as a virtual plaza meant to “break the boundaries between the digital and the physical world” with interactive activities.
#bondee has been compared to similar games like Animal Crossing, Habbo Hotel, and Club Penguin.
🚀 The launch of @chainlink staking is a resounding success, with over 11 million $LINK staked so far! The long-awaited #Chainlink upgrade, introducing Staking v0.1 on the Ethereum mainnet, was completed a few hours ago.
A thread 🧵👇
1/ Chainlink staking is designed to make the ecosystem more stable. The native LINK token can be staked for rewards by users to encourage trustworthy behavior and increase network security.
2/ This functionality is fundamental to the operation of Chainlink Economics 2.0. The incentive system was designed to give nodes a reason to improve the oracle's data quality and performance over time.
💥 Platform developer LGND.io is developing Web3 music platform LGND Music, in a multi-year partnership with blockchain network developer @0xPolygon and global entertainment company @warnermusic 💥
1/ The platform, set to debut in January 2023, will support "digital collectibles from any blockchain in a proprietary player", enabling users to play their digital collectibles on the go.
/2 Select Warner Music Group artists will be able to introduce digital collectibles on both the app and desktop platforms.
Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.