Curious about how @SeiNetwork could become the Nasdaq of DeFi?

🧵: Here is the ultimate explainer thread on Sei and how it’s aiming to be the base layer for financial apps and institutions for @cosmos and all of Crypto x/23 Sei recently made headlines with a $5 million funding round led by @multicoincap, @coinbase, and @Delphi_Digital. Raising money in a bear market is HARD, so getting the stamp of approval from big names should tell you they are building something special bloomberg.com/news/articles/…

Earning passive income on assets is a great tool to have in a bear market and DeFi is the place to do it. My dad wanted a quick run down of DeFi terms explained to him like he is 5 (ELI5). Everyone, here is your DeFi terms cheat sheet

🧵: "DeFi terms"- The Basics TVL: Total Value Locked- The $ amount of all tokens within a certain liquidity pool, blockchain, or protocol.

DeFi: Decentralized Finance- A financial system that aims to disrupt the traditional financial system by using decentralized applications

With the recent announcement of @dYdX joining the #cosmos, it is clear that much of CT is still confused on the differences between the Cosmos Ecosystem, the @cosmoshub, $ATOM, IBC, and the Cosmos SDK.

🧵: Let us clarify for those who may be new. 1/x @dYdX @cosmoshub 2/x With its mainnet launch of the Cosmos HUB in early 2019, the @jaekwon and @buchmanster creation started the beginning of what would be known as the internet of blockchains (a “big bang” if you will).