Alternity Protocol 🦇🔊

Immutable borrowing protocol that provides decentralized $CNY stablecoin backed by $ETH collateral.

[Alternity Protocol 🦇🔊 @0xAlternity]

Alternity Protocol just launched 🔷🚀

Please welcome the most immutable and decentralised Chinese Yuan – $LCNY.

Deposit $ETH as collateral, mint $LCNY and stake it in the Stability Pool to get $ALTR rewards.

➡️ https://t.co/ZdE26m5812

[Alternity Protocol 🦇🔊 @0xAlternity]

In 2024, the $CNY will rise against the $USD
– @Bloomberg expert poll

[Alternity Protocol 🦇🔊 @0xAlternity]

Chinese Yuan $CNY tops Yen $JPY in share of global currency payments.
– @swiftcommunity

[Alternity Protocol 🦇🔊 @0xAlternity]

$CNY volatility slump often precedes big moves.
– @Bloomberg

[Alternity Protocol 🦇🔊 @0xAlternity]

$TLT ETFs for Treasury long-term bonds fall 2% amid Biden's request for 100 billion from Congress.

[Alternity Protocol 🦇🔊 @0xAlternity]

The Chinese Yuan has surpassed the Euro for the first time in trade settlements through SWIFT – as of the results for September.
Source: @swiftcommunity

[Alternity Protocol 🦇🔊 @0xAlternity]

Security is first! We have initiated the Bug Bounty program on @HatsFinance which will expand over time.

[Hats.Finance 🦇🔊 @HatsFinance]

We're excited to announce that @0xAlternity protocol has joined our Bug Bounty program.
Dive in, explore, and help us fortify their security.

[Alternity Protocol 🦇🔊 @0xAlternity]

@HatsFinance Thank you guys! 💙

[Alternity Protocol 🦇🔊 @0xAlternity]

While China's crude oil imports were the second highest ever in August, the US has significantly drawn down it's strategic petroleum reserve.
Source: @EIAgov

[Alternity Protocol 🦇🔊 @0xAlternity]

China cut its holdings of US Treasuries to a 14-year low of $835 billion in June 2023, which represents around 3.4% of the total marketable US Treasuries. This is the lowest percentage since 1999, when comparable data began being collected.
Source: @MktsInsider

[Alternity Protocol 🦇🔊 @0xAlternity]

China has the lowest YoY CPI among top ten worldwide economies.

[Charlie Bilello @charliebilello]

Global Central Bank Update:
-Peru cut rates for the 2nd month in a row, 25 bps decrease to 7.25%.

[0MOLLY WINTERMUT3 @0mllwntrmt3]

jst borrowed $CNY on @0xAlternity

thx @smol_fork 💗

[The Kobeissi Letter @KobeissiLetter]

JUST IN: The US added another $33 billion of debt in one day yesterday, bringing the 2-day total to $308 billion.

Since US debt crossed $33 trillion just 15 days ago, the US has added another ~$500 billion in debt.

That's an average of $1.4 billion per hour for the last 15 days straight.

If US debt borrowed over the last 2 weeks alone was split by every taxpayer, it would be $3,000/person.

Debt to GDP is back above 120% while we may see $34 trillion in total US debt within a month.

Now imagine what happens if a recession hits.

[Alternity Protocol 🦇🔊 @0xAlternity]

$CNY settlements in global trade reached a record high of 24%. The Chinese Yuan's share in global payments exceeded 3% for the first time in July, marking the latest milestone in the currency's internationalization.

Source: People's Bank of China (PBC).

[Alternity Protocol 🦇🔊 @0xAlternity]

@UniswapVillain @DefiSafety ser Villain, security audits are crucial for liquidity bootstrap!

[Alternity Protocol 🦇🔊 @0xAlternity]

Exciting news for our community! We have successfully passed the @DefiSafety review.
The detailed 'Process Quality Review' can be found here: https://t.co/SWH5c6S5Ci

[DeFiSafety @DefiSafety]

📢 Announcement: We at DeFiSafety have conducted a comprehensive Process Quality Review on Alternity Finance, and we are here to share a detailed summary of our insights to keep you informed and safeguarded. 🛡️
https://t.co/XvXLMISLVK

[Alternity Protocol 🦇🔊 @0xAlternity]

International Monetary Fund (@IMFNews) lifted weighting of Chinese yuan in SDR basket to 12.28%. $CNY weighting holds the third place after the $USD and $EUR.

[Alternity Protocol 🦇🔊 @0xAlternity]

Saudi Arabia cuts holdings of US Treasuries to 6-year low. Kingdom’s position in US government bonds falls by $3.2bn in June to $108bn.
Source: https://t.co/vT5OErlnz9

[Alternity Protocol 🦇🔊 @0xAlternity]

@LSDinmycoffee Nice one. If you ever thought about using a truly decentralized and immutable $CNY aka $LCNY – @0xAlternity is here, ser.

[Alternity Protocol 🦇🔊 @0xAlternity]

@TokenBrice Thank you @TokenBrice, always a pleasure to read your thoughts.

[Alternity Protocol 🦇🔊 @0xAlternity]

For the first time, $CNY exceeded the $USD in China's bilateral transactions for the last quarter, @NikkeiAsia reported. According to the report, Chinese Yuan was used for 49% of bilateral transactions in the last quarter.
https://t.co/sibQaLTJMw