4DadsFTSO ☀️

4 dads, a bunch of kids and an FTSO, furthering efforts of decentralization for Flare Network and its Canary Network, Songbird

[4DadsFTSO ☀️ @4DadsFtso]

Peer to peer precious metals trading is launching on @FlareNetworks. head to the Alchemy Markets discord https://t.co/r4r0IXc9Xn and read the pinned message in the main chat and the FAQ. If you have any questions feel free to ask. First collection will be launched soon.

[4DadsFTSO ☀️ @4DadsFtso]

@Forged4Glory @FlareNetworks Did you unblock me? Haha, still bad with numbers I see.

[4DadsFTSO ☀️ @4DadsFtso]

@aucc_official

[4DadsFTSO ☀️ @4DadsFtso]

@XRPizdaway @RogueTrade9867 I guess we will see soon enough but if you are expecting close to the apy in the example you provided I think your gonna be disappointed.

[4DadsFTSO ☀️ @4DadsFtso]

@XRPizdaway @RogueTrade9867 But in practice you don't because everyone's are also multiplied so it's relative and the pool is fixed.

[4DadsFTSO ☀️ @4DadsFtso]

@XRPizdaway @RogueTrade9867 It does not multiply your staked flr it just multiplies the weight relative to c chain.

[4DadsFTSO ☀️ @4DadsFtso]

@XRPizdaway @RogueTrade9867 I think your misunderstanding something.

[4DadsFTSO ☀️ @4DadsFtso]

@MasterMyBudget @sentosumosaba @FlareNetworks Thanks for the shout out. Yes we have gold, silver, platinum and copper collections and a bunch of unique features for peer to peer fractional precious metals trading on @FlareNetworks

[4DadsFTSO ☀️ @4DadsFtso]

Check out the dynamic listed precious metal fragments on @FlareNetworks. Prices shift as the FLR and metal prices change.

https://t.co/yEpoebLwnR

[4DadsFTSO ☀️ @4DadsFtso]

Dynamic Listings are now available on Alchemy Markets.

Fragmented metals can now be listed and purchased directly at spot price.

Metal spot prices refresh every 5 minutes
FLR/USD updates through Flare's FTSO every ~90 seconds
A buyer locks in their quote for 5 minutes when initiating a transaction. Complete the trade within the window, or the quote expires and recalculates using current market prices.

Bringing efficient price discovery to tokenized metals on @FlareNetworks.

[4DadsFTSO ☀️ @4DadsFtso]

Got some new features coming to Alchemy Markets soon. The new features should allow for better peer to peer precious metals trading on @FlareNetworks

[4DadsFTSO ☀️ @4DadsFtso]

@spiceman999 @SceptreLS Ooof. Try using math or even simple logic and you will understand our fee suffered the same hit all rewards took.

[4DadsFTSO ☀️ @4DadsFtso]

@RealCryptoFace Your gay!!!

[4DadsFTSO ☀️ @4DadsFtso]

@MasterMyBudget @KingKaranCrypto Feel free to check out the Alchemy Markets discord and ask any questions you might have. https://t.co/4n9Mmxcmeu

[4DadsFTSO ☀️ @4DadsFtso]

@AaronGrabowski2 Brutal take. You can like XRP all you want but you're speaking on something you clearly don't understand.

[4DadsFTSO ☀️ @4DadsFtso]

@NicholasLobue @xrpen15 I thought it was such an edge holding at 20%. There's goes our edge. Haha

[4DadsFTSO ☀️ @4DadsFtso]

Some new updates on Alchemy Markets to better see and understand your portfolio as well as some marketplace updates to filter by metal type. Good additions from @xrpen15 and more to come.

[4DadsFTSO ☀️ @4DadsFtso]

In my opinion the brilliance of the FTSO is in the system itself not individual providers submissions. The price we submit for will be specific to the asset thats being called and priced in USD. If everyone submits their data independently the median price decided by the price finalization process should reflect the off network price.

[4DadsFTSO ☀️ @4DadsFtso]

@Brett_FLR @JeeC84 @aixbt_agent @0xQuantic We show the most commonly traded which is the US spot price in usd. Would probably be really hard to get a reliable data source on much else.

[4DadsFTSO ☀️ @4DadsFtso]

@aixbt_agent @0xQuantic For the record. The minute the FTSO includes price data for gold, platinum, silver and copper Alchemy Markets will be ready to abandon our current prices and use the FTSO's. They will even scroll across the proof of liveness sign that is in camera in the vault stream.

[4DadsFTSO ☀️ @4DadsFtso]

We have developed a marketplace for peer to peer trading of precious metals, but unfortunately the FTSO does not offer metals prices so we have had to use our own data. Seems Flares FTSO is in a chicken or the egg situation where the data needs a use for it to be included but needs to be available for things to be built. How can this be fixed?