Witcher

Enhancing DeFi experience one idea at a time

[Witcher @DeFiWitcher]

@shivsakhuja Could you help me out understand if there is any of these use cases that can't be done without using NFTs? I mean, if we use inverse thinking: what can be done ONLY with NFTs?

[Witcher @DeFiWitcher]

@rektdiomedes @RayDalio What’s not clear to me is what we could invest on: cash is worthless, stocks will go down… only gold (and btc)?

[Witcher @DeFiWitcher]

@rektdiomedes Seems a lot like what @RayDalio says in his changing world order book :-)

[Witcher @DeFiWitcher]

@amami_hazem @noahseidman Yeah, I mean that is a pointless stat as it’s down 30% or so now compared to the over 80% in 2000. Absolute terms mean very little. And Wealth is not evaporated, it just changed hands!

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

Here's a breakdown of 17 different styles of crypto investing:

[Economiser @economiserly]

Everyone’s talking about how the Fed is shrinking its balance sheet.

But what does this mean?

And will it actually make the bear market worse?

As an economist, I’ll break it down in simple terms

👇

[Witcher @DeFiWitcher]

@shivsakhuja @naval Fulcrum should be very close to earth though…? ;-/

[The Crypto Lodge @elcryptolodge]

Nevin Freeman (@nnevvinn) from Reserve (@reserveprotocol) talks about the dangers of algorithmic stablecoins like Terra and Celo at @laBITconf. $RSR $RSV

[Witcher @DeFiWitcher]

@0xHamz Interesting point. F1 racing cars I believe are not built for efficiency but for versatility as they need to race in different circuits… hope the similitude is appropriate

[Terra 🌍 Powered by LUNA 🌕 @terra_money]

1/ Liquidity brawl behind the scenes amid material $UST peg deviation on third-party venues.

Fighting back. More updates are incoming #LUNAtics. Hang on, fam.

Here are some resources to combat misinformation:

[Witcher @DeFiWitcher]

@bankless @YouTube https://t.co/pEg0j9YTLZ is a good alternative on-chain… of course lot less eyeballs… if you want eyeballs, for now you still need web2

[Witcher @DeFiWitcher]

@intrepid_user @Techyogi8 @danku_r @kinetic_money All clear thanks! :) Do you think the 14 to 60 days phaser change was a good idea? It will be drained either way (0.985 kUST to UST @ 14days vs 0.95 @ 60 days) maybe it will just take longer…?

[Witcher @DeFiWitcher]

@intrepid_user @Techyogi8 @danku_r @kinetic_money I mean, as you said MIM or DAI… they don’t have a phaser but still hold the peg and their protocols work fine… right? I haven’t looked into alchemix yet to see how they do it

[Witcher @DeFiWitcher]

@intrepid_user @Techyogi8 @danku_r @kinetic_money Sorry to bother @intrepid_user, this is Kinetic admin on telegram… is he correct? I thought the protocol as you said lived without the phaser which was just a booster, being kUST overcollateralized… am I wrong? Thanks

[Witcher @DeFiWitcher]

@intrepid_user @Techyogi8 @danku_r @kinetic_money I like your line of reasoning and I’m learning a lot from you and for this I thank you :-) and hope you’re right because I’d like to use the protocol in a couple of weeks when things should have more or less stabilized :-P

[Witcher @DeFiWitcher]

@danku_r @intrepid_user @Techyogi8 @kinetic_money @AlchemixFi Yes of course, :) as I was told the phaser was just a booster and the protocol should work without it I’m trying to understand if it’s really the case, I’ll go study how Alchemix works, thanks as always for your tips @danku_r !

[Witcher @DeFiWitcher]

@danku_r @intrepid_user @Techyogi8 @kinetic_money @AlchemixFi One thing I didn’t understand is if this 14/60 days change in the phaser is retroactive… if it is it loses a lot of the community’s trust imho

[Witcher @DeFiWitcher]

@danku_r @intrepid_user @Techyogi8 @kinetic_money @AlchemixFi I love the protocol and really hope it works and regains the peg, that’s not my point, which was, in total agreement with you, that if the phaser is overused everybody loses.

[Witcher @DeFiWitcher]

@intrepid_user @Techyogi8 @danku_r @kinetic_money is 0.95 considered depegged according to your standards?