The Waffleman

I like crypto and waffles.

[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

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[The Waffleman @0xwaffleman]

@andthomcam @mbarrbosa @CeloOrg I personally think the best indicator for the adoption/demand of Celo is the market cap of cStablecoins.

[The Waffleman @0xwaffleman]

@andthomcam @mbarrbosa @CeloOrg $cUSD, $cEUR, and $cREAL do not have wide price fluctuations.

They are overcollaterized by a ratio of 3.67 as of now and roughly 50% backed by the protocol token $CELO.

https://t.co/eutqfIvxZK

Again, kinda like $UST (stable), $LUNA (very much non-stable).

[The Waffleman @0xwaffleman]

@andthomcam @mbarrbosa @CeloOrg $cUSD is the the stablecoin that is minted through an overcollaterized seignorage model.

$CELO is the protocol token that also holds a target allocation of 50% in the Celo Reserve (which is effectively the cStablecoin basket).

Kinda like $UST meets multi-collateral $DAI.

[The Waffleman @0xwaffleman]

We like the @IPCTmarket!

[Celo @Celo]

📣 @IPCTmarket 🤝 #DeFiForThePeople

@IPCTmarket is a decentralized poverty alleviation protocol that enables any community to implement mechanisms like Unconditional Basic Income.

⬇️🧵

https://t.co/xzphpsQhc6

[The Waffleman @0xwaffleman]

@CeloDailyTK @ubeswap @CeloOrg #DeFi4ThePeople?
Like advisors and strategic investors for forking Sushiswap... c'mon!