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Sovereign Origin 🥕/21M ⚡️ Profile picture
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Mar 15 • 5 tweets • 4 min read
#SuperHodl Says: No Change! for Mar 15

One bank down, ...


while BYOB (be your own bank) becomes a reality just tomorrow. Mint your future with Zero and @SovrynDollar on @SovrynBTC Image
EU is such a fun place to leave. I mean, live. I mean....

Want to get started /w Zero?


Tagging the plebs🧡
@Keinor @cabincryptoguy @Sacro84431472 @lessthan3aire @jnunez @UpsideDown_Head @SyninCrypto @bullett023 🦾
Oops. APR on XUSD lending pool is 4.38% today, not 4.83%.

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More from @sovereignorigin

Sovereign Origin 🥕/21M ⚡️ Profile picture
Mar 17
Dear #SuperHodl plebs: important update going forward on the algorithm experiment I'd like to share 🧵

Context: $DLLR is now live! It gives Zero users an option to buy #bitcoin directly, like we did as part of the original #SuperHodl algorithm. ⤵️
As introduced earlier, #StableHodl is a new version that leverages the stability pool as a place to hold our reserves (as we have been doing with #SuperHodl, too, since the @babelfishmoney did not allow further ZUSD in their pool).⤵️
Through $DLLR and the stability pool, we can start to do #StableHodl and buy #bitcoin again like the algorithm intends, while actively gaining #bitcoin on the downside as well (at very low prices). ⤵️
Read 10 tweets
Sovereign Origin 🥕/21M ⚡️ Profile picture
Sep 21, 2022
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 21, 2022
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.
Read 4 tweets
Sovereign Origin 🥕/21M ⚡️ Profile picture
Sep 20, 2022
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, 2022
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, 2022
#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

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