1/🧵 What is @Umee_CrossChain & why is it key to unlocking DeFi for Web3?

Problem: interest rates in crypto are entirely based on narrowly focused supply & demand data.

Solution: build crypto aggregated term structures that use time-to-maturity & credit-worthiness

Read on 👇 2/🧵 How does #Umee do this?

There is an entire ecosystem of uTokens that are claims on constantly accruing interest (in the form of uTokens). uTokens can simultaneously be used as collateral.

#ATOM

🧵1/ Grit, Grind, & Launching In Web3

I'm going to be honest,

Building is a tense endeavor - grinding away towards an unknown future.

From July 2021 - February 2022 (8 months) I was on fire for Web3. The dream of Shade Protocol and getting a team fulltime was my sole focus... 🧵2/

Countless tired nights.

I remember taking a set of pitch calls one tireless night at 11:00 pm, 1:00 am, 4:00 am., 7:00 am, and then working the rest of the day from the same co-op work space. Grinding out whitepapers, pitches, content, vision casting, interviews...

1/9🧵How is the $SILK peg computed?

SILK is a privacy-preserving overcollateralized stablecoin pegged to a basket of global currencies and commodities.

It reflexively follows a pre-defined peg based on price inputs, weights, and initial starting parameters⚫️

Math time 👇 2/9🧵 Initialization Inputs (simplified example):
Currencies (C) = {USD, EURO, GBP, JPY)
Weights (W) = {25%, 25%, 25%, 25%}
Target Peg (T) = {$1.05}

Initialization (C,W,T)➡️compute fixed weight for each currency with respect to their value & their percentage of composition.

(1/37) Enough is enough.

I'm seeing people question the dedication, skill, size, and commitment of the Secret community.

Here is a thread highlighting the many people who have made an immense commitment Secret - impacting the larger Interchain community.

THREAD 👇👇👇 $SCRT 2/ @GuyZys author of the original whitepaper that eventually birthed Secret Network.

Guy is a visionary - he saw the future of privacy-preserving smart contracts before anyone else, gathering hearts and minds to make @SecretNetwork

Without him, none of us would be here. $SCRT

Monthly $SCRT Ecosystem Update Thread:

#1 Launch of $SEFI governance token on secretswap.io

👇👇👇 #2 $SEFI distribution $SCRT

DeFi to date has had very few regulations in place outside of a couple of earmark cases such as EtherDelta / DAO in 2018. Part of this appears to be due to a lack of understanding from regulators about DeFi and how it operates.... [Thread]👇👇👇 #bitcoin #DeFi #blockchain In addition, the neckbreaking rate the DeFi community continues to innovate at makes it even more difficult for legislators to keep pace.

Which regulators are relevant to which parts of DeFi? ....👇👇👇

Secret Network 2020 Annual Review $SCRT #cryptocurrency #blockchain

1) Roadmap

Massive progress on all fronts with organic community growth and use case creation.

See thread for more 👇👇👇👇 2) Secret Network Bridge

14+ ERC-20s -> Secret Token Factor -> Secret Markets -> Secret Auctions