A crash course in debt, insolvency and capital structures so you can make sense of what's currently happening in crypto regarding Celsius, BlockFi, Voyager and other companies fighting to survive.
Once you understand this, the situation becomes a lot more clear. 👇
1/ A tale of two ETH-backed stablecoins: LUSD & RAI
"how I learned to stop worrying and love negative interest rates"
charts courtesy of @kyoronut and @BertKellerman 🗿
https://t.co/T3Gi555wOE
This is $NDX-5 index, (not equal weight),
it contains $AAPL $GOOGL $AMZN $FB $MSFT (no $TSLA due to its gamma causing distortion)
This index broke down below a key long term support this week , just like $SPX
Consequences will be severe in the next two weeks
Calling the BS out is a duty in #DeFi where many are spreading false narratives so you'll support dumb projects and hold useless tokens
So here's your daily reminder
$MIM has nothing decentralized to it: a multisig mints it
Learn about solid stuff here: https://t.co/pkTkbKEYuZ
$BTC & $SPX Bear Market Google Search Results.
Was curious as to how many people are looking up things about bear markets right now.
Seems like the peak for the search term: "Length of bear market" was the actual bottom in 2018 and 2020 in both crypto and equities.
cairo changes the game
a common misconception is that cairo programs need to be run "onchain"
ultimately, only proof validation needs to be onchain
the prover can be anyone, even your worst enemy
thats the power of computational integrity and what enables massive scalability
Olympus DAO just swapped 50m DAI into FEI
Thanks to this and other protocol contractionary measures, the FEI peg is tighter than ever 💪
Protocol owned liquidity is so powerful. The Tribe and @OlympusDAO will make it through tough times stronger together 🤝
Hello Peeps!
The team here at Swix know it's been tough time in the market recently so we decided to share a little love from Swix DAO to the crypto community.
Two lucky winners will win 2 free nights at one of our beautiful London properties.
To enter all you have to do is:
Do you think there's a tradeoff between freedom & security?
As the most innovative lending and borrowing protocol in the DeFi space, Euler's features and security maximises decentralisation and safety.
Read more on it as part of the #EulerFeature series:
https://t.co/EgIYvcsXYo
1/ For historical reasons, when science tried to usurp the influence of religion in western Europe they tried to imitate the mindset of the Church.
Inalterable dogma and absolute truth.
That lead to scientism.
Science should now operate like software development, never finished..