big pey Profile picture
May 23, 2023 9 tweets 5 min read Read on X
🧵Staking Baskets

Staking Baskets are a new way to stake $ADA to decentralize #Cardano.

Staking baskets are created by @atrium_lab, in collaboration with @MLabs10.

Anyone can create a Staking Basket on Âtrium, to delegate to any x number of pools! 👇 Image
Our first Staking Basket is called Diffusion.

Diffusion will delegate to 50 different #Cardano single stakepool operators chosen by the $ADA community!

For delegating through Diffusion, users will earn their $ADA rewards + $Atrium tokens.
A small % fee will be taken from Staking Basket $ADA rewards and a portion will be paid back to users that stake the $Atrium token.

Another portion will be paid to the Âtrium treasury. $Atrium token holders will be able to vote on where those funds are spent. Image
The Atrium community can add more pools to Diffusion as the TVL increases with Âtrium token votes.

Currently there's no incentive to delegate towards #Cardano's decentralization. Diffusion fixes that. Image
Staking Baskets are currently being tested on the preview network. I have a Staking Basket opened that delegates millions of $ADA to 15 different stakepools.

We're preparing for our audit, once it's done we will release these Staking Baskets in our public beta.
Staking Basket smart contracts will be open-sourced once they're feature complete to push this industry forward.

If you enjoyed this thread, please like/retweet the top tweet. Comment down below what feature you're most excited for coming to Âtrium.
Join our community, we'd love to answer your questions:

twitter.com/atrium_lab
discord.gg/atriumlab

You can read our Medium article on Staking Baskets here: medium.com/atrium-lab/sta…
You can read more about everything Âtrium</Lab> is working on here:

• • •

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

Keep Current with big pey

big pey 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 @bigpeyYT

Jul 23
I just received a letter in the mail today.

I am being summoned in a New York Bankruptcy Court by Celsius Network LLC.

They're trying to claw back HUNDREDS of THOUSANDs dollars that I withdrew before the collapse. Their goal is to take the money I initially deposited. Image
This sets a horrible precedent for our entire industry. I was a user of this platform, I deposited my own funds, and I withdrew my own funds.

A precedent is being set here, that users of crypto platforms(depositers), adopt liability for any malicious activity a company preforms.
I am at a loss of words. I withdrew this money to pay my taxes without knowing of any potential collapse. Now they come after me years later for my own capital.

They are stating I am liable for the mistakes that were made behind the scenes. Many people got this notice.
Read 8 tweets
May 9, 2023
Atrium 🧵

Atrium is an application that will aggregate the entire #Cardano blockchain into one accessible experience that teaches you how to use it.

We will onboard millions of users to $ADA, write open-source smart contracts we can all use, and set the standard for UI/UX. Image
Decentralized protocols we all use on #Cardano rely on on centralized front-end application to swap, buy NFTs, and take out loans.

These protocols need an alternative front-end to further decentralize #Cardano. We're building this into an application even your grandma can use.
When users click the 'i' icon on Atrium, Atrium will teach users how to stake, what an NFT is, how to buy NFTs, and much more!

We are going to build a GPT style bot into Atrium that you can ask crypto questions, this will expedite users learning journey.
Read 15 tweets
Jan 26, 2023
1/#Cardano $DJED Thread - Everything you need to know!

$DJED is an algorithmically backed $USD stablecoin on the #Cardano blockchain launching next week.

There's more to $DJED than having USD in your wallet. You can be paid $ADA for contributing to the protocol.
👇
2/#Cryptocurrency is volatile by default. Having stablecoins allows you to diversify away from cryptocurrency without having to use real dollars in a centralized exchange.

$DJED is backed algorithmically by having an over-collateralized amount of $ADA in a smart contract.
3/Traditionally centralized stablecoins like $USDC are backed by one dollar in a bank account.

$DJED is trying to solve this problem in a decentralized fashion, all on-chain without trust.

$SHEN is the reserve coin for $DJED. $DJED keeps it's value from $SHEN.
Read 11 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!

:(