Fund975 Profile picture
Bite-sized DeFi. Psyops not guaranteed.
Phil George Profile picture 1 subscribed
Oct 8, 2021 ā€¢ 13 tweets ā€¢ 8 min read
1/13 How do you make something like @MakerDAO but better for DeFi as a whole? It's not really *magic* but it does involve Magic Internet Money $MIM @MIM_Spell

We will attempt to $SPELL it out for you in this šŸ§µ šŸ‘‡ 2/13 @MakerDAO is a DeFi bluechip that allowed users to deposit assets to mint $DAI, a crypto-backed stablecoin. $MKR is the value accrual token from $DAI usage.

$DAI is already cross-chain, but the key advantage that $MIM has is the collateral accepted and ease of bridging. Image
Sep 30, 2021 ā€¢ 14 tweets ā€¢ 9 min read
1/14 @TokenReactor C.o.R.E is the beginning of how $TOKE can rewrite the rules of liquidity in DeFi and solve a large pain point in DeFi: Fractured Liquidity.

A šŸ§µ to remind us on what $TOKE is, its end goal and how voting for the right projects can get us there faster. 2/14 We have covered what $TOKE is in our first ever thread (Thanks for your support so far!). Briefly, $TOKE aims to provide liquidity bootstrapping-as-a-service (LBaas) to protocols and be the defacto liquidity broker in DeFi

Sep 21, 2021 ā€¢ 14 tweets ā€¢ 9 min read
1/14 What is Olympus Pro and what does it mean for @OlympusDAO , $OHM and (3, 3) other than numba go up? At its core, Olympus Pro is all about bringing (3, 3) to the whole of DeFi, not just the Ohmies.

A šŸ§µ on how Olympus Pro brings (3, 3) to the next level šŸ‘‡ 2/14 We have covered what $OHM is & how #OHMISBACKED. Briefly, $OHM's bond sales, strong community & game theory mechanics enabled liquidity ownership rather than relying on mercenary capital from LPs. This enables $OHM to be a reserve asset in #DeFi