1/ Christmas came early because the $ME eligibility checker is NOW LIVE! Show us yours 🤩
Visit https://t.co/BtgqBCj07k to link your cross chain wallets and check your total $ME allocation. You'll need your desktop & @MagicEden's mobile app.
All allocations are final.
ME Foundation is excited to share the tokenomics for $ME.
This tokenomics post covers the following:
- The next phase era of innovation in crypto is all onchain. $ME has been adopted by Magic Eden, the top multi-chain, multi-asset onchain trading platform
- Magic Eden is the #1 BTC DEX, #1 NFT platform, and building a cross chain mobile-native trading decentralized app (dApp). Their vision for the future is to make digital ownership universal. To accomplish this goal, Magic Eden will be the entrypoint for all crypto users to go onchain and trade all assets on all chains in one platform
- $ME will accelerate the growth of onchain users by rewarding users with $ME for trading all assets on all chains, to be debuted via Magic Eden’s rewards program
- $ME holders have the ability to receive further rewards from staking, contribute to the $ME ecosystem, and have governance rights over key protocol development direction
“The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other”
~Albert pike
$131M worth of $CRV is at risk of liquidation if the price drops by 35%.
The Curve Founder has borrowed $110M in stablecoins against all his $CRV - 50% of the circulating supply.
This could have severe implications for DeFi, with lending protocols at risk of accruing bad debt
Mortgage rates back to 7%.
Meaning that the cost to buy a house in America is now approaching $2,700/month when including mortgage, tax, insurance, and maintenance.
Meanwhile, cost to rent is $1,850.
Biggest gap we've ever seen. Something has to break.
It’s hard to beat a person who keeps showing up everyday.
The game shifts from winning to outlasting.
A different way to play for a different type of player.
Defi is maturing, and the days of undefined high yields are gone. for that reason, the structure of the future of finance will give the ability to own a part of the protocol's upside while forcing you to share the risk associated with it.
for that reason, I wanted to discuss..
Many of you were excited regarding the last AMA that happened between @dopex_io and @arbitrum .
the AMA was followed by an interesting article from @tztokchad regarding how to build a background infrastructure for different Defi mechanisms using options, aka #OpFi
One final new release before the end of the year: a new front-end for Curve DAO proposals. The new official Curve front-end didn't come with a DAO page, so we've decided to create one. I cut some planned features in order to get this out of the door.
https://t.co/SaONsHAQ1w