UnderstanDEFI (((🔴🤏🌍))) Profile picture
Tweets are based on my own research. You DYOR.
Apr 17, 2022 8 tweets 2 min read
1/8 Frax Finance launched $FPI. What's that about?
$FPI is a stablecoin-of-sorts which aims to be resistant to inflation. By tracking the Consumer Price Index, $FPI preserves holder's purchasing power. If inflation is 10% yearly, the price of $FPI would also increase 10% yearly. 2/8 So, if the price of $FPI is $1.00 today, it would be $1.10 one year from now.

$FPI uses a Consumer Price Index Oracle to track inflation. The data they use comes straight from the government, so there’s no “gaming” the system.
Apr 3, 2022 13 tweets 2 min read
1/13
CEX vs. DEX 🧵👇

There are two types of exchanges in the crypto markets: centralized (CEX) and decentralized exchanges (DEX). Let’s discuss each of them individually and find out their pros and cons. 2/13
CEXs

A CEX is a type of cryptocurrency exchange that is operated by a company that owns it in a centralized manner. Behind a CEX is a for-profit company. CEXs are, basically, online trading platforms that match buyers and sellers via an orderbook.
Jan 27, 2022 10 tweets 6 min read
1/10 Diving into some of the best strategies for the great @chikn_nft game on the #Avalanche blockchain. I'm focusing on the "Chikn lays egg" play which is the only feature available in the Eggosystem atm. None of this is financial advice. Image 2/10 CONTEXT. I should note that there is a complex #GameFI experience under development, where coq rarity comes into play and roostrs will be minted, but it's too early and there is insufficient information available to think of strategies for that kind of stuff yet. Image