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Dan Reecer Profile picture
Dan Reecer
@danreecer_
Co-founder & COO @WormholeFdn, scaling @Wormholecrypto
Peter Trapasso Profile picture Jerome Ku Profile picture pelano🔺 Profile picture 3 subscribed
May 12, 2022 • 4 tweets • 3 min read
Quick thread of short and simple videos explaining #stablecoins

First, a video on the 3 primary categories of stablecoins, including @Polkadot's native, decentralized, over-collateralized, multi-chain stablecoin $aUSD: Here is a 2.5 minute introduction to the $aUSD decentralized stablecoin and its key characteristics:
1. Stable
2. Over-collateralized
3. Censorship-resistant
4. Secure & Efficient
5. Natively multi-chain
Mar 4, 2022 • 6 tweets • 2 min read
Locked and idle crowdloan, staked, and Treasury-held DOT is not helping the DOTconomy.

We need DOT to be collateralized, lended, borrowed, leveraged, LP'd to turn 1 DOT into 3, 5, 10+ DOT worth of value. Healthy debt/leverage is how economies are built.

Example using $aUSD: Let's say someone unstakes 58,000 DOT ($1M) of DOT to stake it on Acala for $LDOT instead of plain staking on Polkadot. We've now added additional $1M in liquidity to the DOTconomy.
Jan 25, 2022 • 16 tweets • 9 min read
Acala is now launching, on @Polkadot, the first layer-1 blockchain platform customized for DeFi.

Here are 10 facts you should know about @AcalaNetwork: 1. The @AcalaNetwork team are self-proclaimed nerds, comprised mostly of top engineering/product minds. Acala's Co-founder CTO @XiliangChen is one of the top contributors to the Substrate codebase globally (Polkadot's SDK), and started/runs the only Substrate developer academy.
Oct 14, 2021 • 23 tweets • 10 min read
Parachain slot auctions & Crowdloans on @Polkadot!

This 23-tweet thread simplifies and explains how they work.

What is a crowdloan? How do I participate? How do parachain auctions work?

Comment your questions & please share if you learn something. Let's go ⤵️ First, if you don't know what @Polkadot is, or still need the basics, check out my thread on Polkadot before you dive into this thread.
Jul 22, 2021 • 10 tweets • 8 min read
What are @Polkadot and @KusamaNetwork? It can be quite simple.

Quick Polkadot and Kusama 101 in this 10-tweet thread ↘️ It's also important to know what is *not* @Polkadot. Polkadot is not a smart contract platform - you can't build or use Apps on Polkadot. That's what parachains are for.
Jun 15, 2021 • 17 tweets • 7 min read
The first-ever parachain slot auction on @kusamanetwork has begun!

Quick rundown of what happened the past week, what's happening now, and what's coming in the next 7 days.

Comment with questions and feel free to share if you learn something ⤵️ In the past week, many teams have opened their 'crowdloan' to garner $KSM contributions from their communities in support of their bid in the parachain slot auction. @KaruraNetwork, for example, currently has 362,791 $KSM in the crowdloan.
May 17, 2021 • 14 tweets • 4 min read
"The Launch of Parachains" has been published by Gavin Wood (@gavofyork) explaining timeline and next steps as we approach the first parachain auction on Kusama. Some new info!

If you don't have time to read or aren't technical, I simplified the key points in 14 tweets below ↘️ With the launch of parachain functionality, Kusama and Polkadot's multi-chain functionality is about to become a reality.
Feb 24, 2021 • 33 tweets • 10 min read
This 34-tweet thread simplifies @Polkadot $DOT and @KusamaNetwork $KSM crowdloans and parachain slot auctions.

What is a crowdloan? How is it different/better than ICOs? How do I participate? How do parachain auctions work?

Comment your questions & please share. Let's go ⤵️ First, if you don't know what Polkadot and Kusama are, or still need the basics, check out my thread on Polkadot before you dive into this thread.
Jan 24, 2021 • 10 tweets • 2 min read
Last year I lost a mentor who was a world-class entrepreneur, a brilliant financial mind, and a family man, who was close to his life goal of buying the Cleveland Browns. Here are some things he taught me about business and life.

My favorite: “Have ridiculous expectations.”

↘ On Business and Investing:

"You have to think unreasonably. You have to have unreasonable goals, otherwise you will react emotionally. In a simple framework you might double or triple your money and tell your friends about it while you sell out making $50k... (cont.)
Jan 17, 2021 • 27 tweets • 19 min read
Polkadot is complicated as hell! This 24-tweet thread is a beginner's guide to @Polkadot $DOT and @KusamaNetwork $KSM in simple English.

What is Polkadot? Kusama? Parachains? Crowdloan and Parachain slot auction?

Comment with other questions and share if you learn something ⤵️ What is Polkadot?

@Polkadot is a platform on which blockchain networks are built and connected into one unified network. These connected chains, called parachains, form a living organism of networks all in sync and secure. This forms the foundation on which Web3 will be built.