Overcollateralized Jonny Profile picture
Jun 18 12 tweets 13 min read Twitter logo Read on Twitter
The bear market hasn't stopped threadors from writing banging content!

This wassie needed a break, so I got Bobo the Bear to curate the list this week!

Here's a list of great threads you may have missed this week!

Time for another edition of #OvercollateralizedSundayReads! Image
1/ DeFi social media... Yep you heard that right.

There's a whole world you haven't been participating in that should be on your radar!

@2lambro illustrates the mystical world of SocialFi with @DeBankDeFi
2/ @eigenlayer launched this week!

If you need an update on what's going on in that world of LSD restaking, be sure to read @francescoweb3's thread on how it works!
3/ What really happened with the whole Canto vs Evmos war?

Thankfully we have @CJCJCJCJ_ to break it down for us. Honestly was not expecting a lot of the results that he showed.

Definitely worth the read!
4/ Tornado Cash V2 came out introducing "Proof of Innocence".

What's that? Why is it important? @bi_gly explains to us why in his great thread!
5/ Obligatory @DeFiMinty thread.

This one's a goody for your traders out there.
6/ Listen, I don't normally include my content in my weekly roundups because it's kinda shilly...

But many people were confused with the Tether FUD this week, and I compiled the reactions of many of CT's top brains, so hopefully this will catch you up with what's going on!
7/ Also, quick note, if you've ever come across @zachxbt, you'll know he's one of the guardians of CT.

He's being sued by a scammy ape for exposing him. If you want to help contribute to his court case, his donation wallet can be found here:
8/ Hate to end this roundup on a heavy note, but @schizoxbt wrote something that really touched me and I think it's valuable to read, especially in the fast-paced space we're in.

Life's freakishly short... be sure to touch grass with your friends.
Please share any other threads that you enjoyed this week down in the replies! (Feel free to shill your own threads as well!)

Also don't hesitate to retweet the first tweet so others can enjoy the

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More from @OvrCldJonny

Jun 19
A new rollup has entered the arena... opBNB!

#Binance just announced an optimistic rollup that is already live on testnet.

Did Binance really just fork Optimism and launched their own L2?

Here's a summary of what's going on 👇 Image
1/ opBNB is based on the bedrock version of the Optimism OP Stack that is EVM-compatible.

This rollup is built on top of the existing BNB Chain and not Ethereum Mainnet (like most other Optimistic rollups we have seen so far). Image
2/ Binance claims that opBNB will be pushing gas limits "to a whopping 100M", more than Optimism's 30M gas limit (according to their article).

They claim that opBNB will be able to process 4000 transfers per second with average transaction costs below half a cent.
Read 16 tweets
Jun 15
What's going on with Tether? Is it all FUD? 😨

🕵️‍♂️ Is there merit to the concerns?

Let's peer behind the curtain of $USDT.

Who audits @Tether_to, what's their circulating supply, and who uses it most? Image
1/ Just an update on the Tether situation if you aren't up to date, people have been dumping USDT in liquidity pools in exchange for other stables.

The @CurveFinance 3pool has been gaining a concerningly large proportion of $USDT compared to other stables. Image
2/ I've been keeping up with the news and thoughts on what other CT thought leaders have been saying about it here:
Read 18 tweets
May 21
Another week, another round of great threads by the awesome CT community.

Sorry I've been a little MIA, lots going on in the meatspace, but I'm back now!

Time for another edition of #OvercollateralizedSundayReads! Image
These threads will span more than the past week to catch up on all the amazing threads that I haven't posted since my last roundup!

As usual, I like to keep these roundups short and sweet so you can actually read all of these threads instead of skipping over most of them.
1/ "We're going to onboard the next billion users in crypto!"
I think I heard that catchphrase by almost every crypto founder in the past year.

@0xDesigner broke down his thoughts on what he thinks it'll take for crypto to appeal to the non-crypto native masses.

Fantastic read.
Read 10 tweets
May 4
USDC is the backbone of DeFi and much of the crypto ecosystem.

It's been in the news recently because of its release of CCTP and the SEC insinuating that it is a security.

It's time to revisit crypto's darling centralized stablecoin.

A mini-thread update on USDC. 🧵 Image
1/ USDC has been the most trusted stablecoin on-chain.

USDC has maintained above 40% of total on-chain stablecoin transaction volume (followed by USDT and DAI).

These past months, this figure looks closer to 70%.

(CoinGecko stablecoin report) Image
2/ A few stats regarding $USDC:

➡️ $30.37b in circulation.

➡️ 85% of circulating supply on Ethereum mainnet

➡️Minted natively on the following chains: Ethereum, Avalanche, Solana, Algorand, Flow, Hedera, Stellar and Tron Image
Read 18 tweets
May 2
A few years ago, Big 4 accounting firm #EY and @Microsoft partnered up to create a blockchain-based solution to improve @Xbox's gaming partner rights and royalty management.

How did that go? Image
1/ The focus of this project was to automate and accelerate Microsoft's royalty payment process.

From contract creation to payment and reconciliation, Microsoft is better able to manage its relationships between game publishers.
2/ According to EY's report, Microsoft is now able to:

1) Digitize contract creation

2) Generate/integrate statements/invoices with #ERP apps and process/record royalties faster and more transparently
Read 8 tweets
May 1
While everyone's been in a frenzy with the PEPE madness, I've compiled a list of the best threads over the past week!

Missed last week's edition so this week is double the trouble.

Time for another edition of #OvercollateralizedSundayReads! Image
1/ Kicking off with @DeFiMinty's thread on @CurveFinance upcoming stablecoin. Everything you need to know!

Minty's becoming one of my favourite threadors, someone who consistently posts quality information and research. If you don't follow him already, you're missing out
2/ I wasn't kidding when I said Minty's been on fire.

Here's another one of his great threads, highlighting what the @GMX_IO x @chainlink partnership means for Chainlink.
Read 10 tweets

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