Rehypothecation is at the core of the Celcius crisis. It is also most likely to be the application that dominates DeFi in the next 5 years.
The failing of the Celcius w/lack of transparency & centralised risk will be why DeFi succeeds.
Transparency radically changes the risk.
โ What a journey, what a great participation & raise in awareness for #Radix. So many infographics & memes have been shared in so many different languages, superb! ๐บ
๐ท Please stop participating now, all new tweets will no longer be counted & a snapshot has been taken...
1) The power of #scrypto is insane. Listen carefully to what @PiersRidyard talks about from 24:00 - 29:00 in todays #roundtable video on youtube.
#Radix solves a problem @VitalikButerin talked about. New token standards, in this case "soulbound tokens"
https://t.co/Z1L5gY6aQi
I'm expecting more projects doing this in the future. When It comes to building and scalability there are no bottlenecks on #Radix.
As Piers explained @yugalabs issues on Ethereum, Users will have a much better Web3 Experience on @radixdlt.
These guys get it - so much so, they moved their #NFT project to #Radix from #Solana! Unlimited scalability and #scrypto have quite the appeal ๐ป
#NFTs#Crypto $XRD
Have you ever wondered why Bored Clock Club's governance is based on NFTs?
Here's our article on Medium: https://t.co/et1sreckeY
$XRD #Radix $eXRD #DeFi
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To learn and join the DAO please visit https://t.co/Tn5gYTXFwV and reserve your tickets!
โFungible Governance presents risks of adding oligarchical control to token projects, and the use of Non-Fungible Governance allows a potential means to mitigate these risks.โโโโ@BoredClockClub
https://t.co/mDgQ6wtCOE
$XRD $EXRD #DAO#DEFI
We just started a @Medium page for Bored Clock Club #DAO.
Make sure you check it out https://t.co/ZeTy0LFCtj.
Currently, We writing an article on why #NFTs are better governance tokens. stay tuned!
#RADIX#DEFI $XRD $EXRD
Don't hesitate to join the Bored Clock Club Telegram group! We'll have many #DeFi x #Radix discussions soon. @ https://t.co/Q5BZky3jv5
$XRD $EXRD #DeFiProject
12/16 So, yes, more scalability is needed. No, just putting the EVM on a more scalable layer is not going to be enough. Thatโs a good doctor treating the symptoms to buy the patient a couple more years, not curing the disease.