While people are fudding, I'm doing another giveaway.
10 $WOM to a lucky person.
- Follow @0xDeFiBunny & @WombatExchange
- Like + RT
- Tag friends (optional)
Winner will be announced in ⏱️ 24 hours.
#TeamWombat $WOM #Giveaway
To celebrate upcoming @WombatExchange Full Launch 🎉
I would like to do a 5 $WOM giveaway to a lucky person.
- Follow @0xDeFiBunny & @WombatExchange
- Like + RT
- Tag friends (optional)
Winner will be announced in ⏱️ 24 hours.
#TeamWombat $WOM #Giveaway
@0xSindermann @boxhillcoin @toly@UXDProtocol@mangomarkets@LiquityProtocol Unless UXD protocol share profit from funding rate to $UXD holders then it has value, so protocol acts like a convenient gateway to deploy market neutral Coins perp future.
Although the strategy is dead simple, I know not everyone knows it.
@0xSindermann @boxhillcoin @toly@UXDProtocol@mangomarkets for users who are risk averse and want a fully decentralized stablecoin, $LUSD should work. And $LUSD is CDP stablecoin.
I just don’t see any value of UXD protocol apart from adding extra layers to eventually collect swap fee and funding rate from depositors.
@0xSindermann capital is not locked for nothing, it’s opportunity cost for having exposure.
In fact, it is much more capital efficiency than UXD because: Deposit 100$ SOL, then borrow 50$ USDC -> 150% efficiency.
While with UXD, it’s 100% efficiency only.
@0xSindermann @boxhillcoin @toly@UXDProtocol@mangomarkets Agree that CDPs are not capital efficiency. But UXD doesn’t improve it neither while completely eliminating potential gains (loss) from exposure.
Why do users deposit 100$ worth of $SOL to get $100 $UXD? And users have to absorb swap fee for “fiat->$sol”, UXD mint/redeem fee!!
@0xSindermann @boxhillcoin @toly@UXDProtocol@mangomarkets then why not go with overcollateralization?
whole point of buying SOL in the first place is to having exposure while unlocking some capital.
with this, users have to buy SOL, then deposit (sell) SOL to mint another stable?
it’s normal to setup a nice office.
however just wrong timing, and I believe that @Jihoz_Axie is the worst in public communication.
No wonder why @AxieInfinity failed.
@zhusu lack of morals in this tweet!!
alot lost their life saving, some committed suicide. Stop shilling ponzi for your own interest, karma will get you one day.