DeFipedia

Decoding your path to Open Finance, Aggregating the evolving lexicography for all.
for $Books

[DeFipedia @DeFipedia]

The team is very excited to reveal we're relaunching $BOOKS.

https://t.co/ZM9AGhQgw4

Thread 👇

[DeFipedia @DeFipedia]

@lex_node This company fell victim to those exact compliance hurdles, as our founder spent more time trying to be compliant than on developing.

[David Hoffman @TrustlessState]

@mikehopeUX For this one, it was being a very public hardliner about decentralization.

Best way to receive an airdrop imo lol

[DeFipedia @DeFipedia]

3/3 Central banks and governments can intervene to help stabilize a currency by selling off reserves of foreign currency or gold, or by intervening in the forex markets.
#Currency

[DeFipedia @DeFipedia]

1/3 Today's WotD: Currency Crises: A currency crisis involves the sudden and steep decline in the value of a nation's currency, which causes negative ripple effects throughout the economy.

[DeFipedia @DeFipedia]

2/3 Unlike a currency devaluation as part of a trade war, a currency crisis is not a purposeful event and is to be avoided.

[DeFipedia @DeFipedia]

Today's WotD is: Wormhole: A cross-chain interoperability protocol connecting high value blockchains. Wormhole builds bridges between chains, facilitating fast transfer of any kind of information from one chain to another.

[DeFipedia @DeFipedia]

5/5 Nowadays, we see games where blockchain technology is used to store assets and confirm and store player's progress, but with an additional, more complex gameplay built around that.
#AxieInfinity #cryptokitties #Ethereum

[DeFipedia @DeFipedia]

1/5 Today's WotD: is: Blockchain Gaming: Any games that include blockchain technology in its backend or mechanics in general. The most often use for blockchain tech in games so far has been to store gamers' items on the blockchain,

[DeFipedia @DeFipedia]

4/5 The first generation of blockchain games was solely based on this principle and they were focused on collecting unique assets and trading them, for fun, profit, or both. CryptoKitties was the game that started this trend and they are still quite popular.

[DeFipedia @DeFipedia]

2/2 It blocks ads and website trackers, and provides a way for users to send cryptocurrency contributions in the form of Basic Attention Tokens to websites and content creators.

[DeFipedia @DeFipedia]

1/2 Today's WotD is: Brave Browser : Brave is a free and open-source web browser developed by Brave Software, Inc. based on the Chromium web browser.

[DeFipedia @DeFipedia]

2/2 Additionally, the number of contributors matters more than the total contributions. For example, a project that receives 1000 donations of $1 will receive more matching than 1 donation of $1000.

[DeFipedia @DeFipedia]

1/2 Todays' WotD is: Quadratic Funding: Donations are matched by a pool of money dedicated to fund public goods. And just like buying votes, there are diminishing returns to individual’s potential for donation matching.

[DeFipedia @DeFipedia]

7/7 by burning or minting new tokens as necessary, the controlling authority can influence the asset’s price to remain at a near-constant level.
#Securities #STAKING

[DeFipedia @DeFipedia]

1/7 Today's WotD is: Burn: Cryptocurrency tokens or coins are burned when they are permanently removed from the circulating supply on purpose — as opposed to assets that are lost on accident,

[DeFipedia @DeFipedia]

6/7 Another important use case for token burning is to maintain the price peg of stablecoins (cryptocurrencies whose value corresponds to another asset, like the U.S. dollar):