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Earn up to 10% APY w/ blue-chip DeFi & self-custody No-lockins, Withdraw anytime Sign-up πŸ‘‰ https://t.co/C2345VwhW8 Download πŸ“² https://t.co/B3jGKNsGy8
Sep 20 β€’ 12 tweets β€’ 11 min read
The #EthereumMerge made everyone an expert on the subject of the different consensus mechanisms.πŸ‘‘

But the discussion revolves more around proof of work (#PoS) and proof of stake (#PoW).πŸš€

Shining light on others like proof of burn (#PoB) and proof of activity (#PoA):⚑ A consensus mechanism is the set of rules under which the #blockchain operates.✨

These rules dictate who gets to mine new crypto and the conditions for it.πŸ’Ž

1. Proof of activity (#PoA):πŸ’Έ

Sep 20 β€’ 5 tweets β€’ 5 min read
The @wintermute_t #DeFi algorithmic market maker was hacked for a whopping $160 million!πŸ‘€

The CEO of #Wintermute has come forward with a statement confirming the attack.⚠

There is a silver lining in the whole situation, however...πŸ‘‡ The #DeFi portion of the @wintermute_t platform was the one under the attack.πŸ’Έ

The #CeFi and #OTC platforms remain safe✨

@EvgenyGaevoy, the CEO of #Wintermute has also reassured lenders and investors that it is very much solvent despite the attacks.πŸ‘‘

Sep 19 β€’ 13 tweets β€’ 14 min read
The relationship between the #EthereumMerge and #DeFi is a fascinating case study for a changing economic ecosystem.πŸ’Ž

And @variantfund's Twitter Space dove deep into how the #merge affects #DeFi.✨

Here is the summarized version:πŸ‘‡ The space was conducted by @variantfund and @eulerfinance.⚑

@spencernoon, @gham1lt0n and @Derekmw23 represented Variant.πŸ’°

@MacroMate8, or Seraphim, the head of risk at Euler, was the Euler side's representative.πŸ‘‘

Sep 19 β€’ 11 tweets β€’ 8 min read
Investing in #crypto can be a bit tricky with all the different factors that govern a coin.πŸ‘€

It's not only the price of a #coin that makes it a good #investment. There are other factors as well.πŸ’°

Read along to find out what to look for when buying crypto:πŸ‘‡ #NotFinancialAdvice

1. Circulating supply:πŸ’Ž

Circulating supply is the amount of #crypto that is already on the #blockchain.πŸ‘

The higher the circulating supply, the better.✨

Sep 19 β€’ 4 tweets β€’ 4 min read
The #Solana ecosystem is diving into the world of #DeFi with all the new developments.πŸš€

@solana and @cosmos are working on a layer 2 solution that will improve Solana's scalability.✨

The L2 solution, @Nitro_Labs, will also provide a framework for creating modular Solana Virtual Machines (#SVM) on any L1 blockchain.πŸ’Ž

#Nitro will also act as the gateway between $SOL and $ATOM ecosystems.⚑

Aug 25 β€’ 12 tweets β€’ 14 min read
#DeFi is a constantly moving space.βœ¨πŸ’Έ

And so, it's important to be on top of all things at all times.πŸ‘‘

Here are 10 #tools you NEED for bettering your DeFi journey:πŸ§΅πŸ‘‡ 1. @DefiLlama: #DeFiLlama maintains all the #TVL data on #DeFi protocols.πŸ’ΈπŸ’Ž

DeFiLlama is a comprehensive tool where you can look at all the data on a #protocol and its #growth.πŸš€βœ¨