Me on my "bored" Yacht waiting for tier3 - @ionet_official#czskIOnauts mates are also there with my captain
Faat check: my node is running ✅@mcdooganIOnet 😁
Dc: garrrantheweedalik
GM, are you ready for liquidation-free degen leverage?
We are proud to announce that we will be partnering with @DegenScore and will be launching our guarded incentivized testnet on Sepolia today!
All beacon holders will be able to test the protocol for the first time.
DeFi in the next wave will eliminate so many limitations:
🔴 Oracle Price Manipulation → ✅ Oracle-less Infrastructure
🔴 Force Liquidation → ✅ No Liquidation
🔴 10x-50x Leverage Max. → ✅ Unlimited Leverage
🔴 Limited Trading Assets → ✅ Unlock Liquidity to All Assets
These'll become possible by LLF primitive - Limitless Leverage Facility by @LimitlessFi_
If you look at key stakeholders in DeFi protocols, there are major problems left to be solved:
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📌 Traders 🦍
Every trader has been there: Forced Liquidation when the collateral drops below the threshold.
Moreover, the maximum leverage they could go sometimes hits the 10x-20x leverage capacity, limiting capital efficiency.
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📌 Liquidity Providers 🧙
The biggest concern for every LP is 'Impermanent Loss (IL)'.
They need to ensure that the reward value (e.g. trading fees, extra tokens) is greater than the impermanent loss.
And if they want to go for concentrated liquidity like Uniswap V3, it will amplify impermanent loss significantly.
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📌 Protocols 🧑💻
Many protocols struggle to strike a balance between capital efficiency and security.
The more they aim to increase capital efficiency using the current model, the higher the chance it can lead to protocol insolvency and bad debt risk.
Examples: Oracle price for small-cap assets ▶︎ Easy to manipulate and fail to liquidate, increasing the chance of bad debt.
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💎 This is why I believe the LLF concept is more efficient than any others in the market right now.
"Capital Efficiency on Steroids 💊" by Restaking Liquidity
Limitless allows Uniswap V3 LPs to restake their liquidity position NFTs directly into the LLF.
This enables higher yields than what they would earn in Uniswap.
This is possible since:
🧠 The active liquidity positions (near market price) still receive large trading fees due to Uniswap V3's capital efficiency.
🧠 The idle liquidity positions will be lent out to borrowers or used for leveraged trading, which means these counterparties will be paying fees for the LP services.
🧠 The aligned risk profile - Uniswap V3 LPers already accept the risk of impermanent loss and the asset composition when the price moves.
In summary, the key benefits of Limitless are:
• No need for an oracle
• No forced liquidation
• Unifying tradable and lendable liquidity
• Increasing capital efficiency for all stakeholders
And the potential of the LLF is huge, as there are more applications awaiting to be integrated with:
• Yield on top of risk-free rates (e.g., sDAI, new LSTs)
• Trading/Lending markets for tokenized identity (e.g., FriendTech)
• A new way of shitcoining
• RWA lending market
• The next-gen isolated lending pool, options, and insurance.
Lastly, they have announced the strategic partnership with @logarithm_fi to help kickstart LPDFi primitive as well (LLF is one of the product applications in LPDFi vertical) so you can expect growth from this collaboration.
Ready to go limitless now?
Baby Alpha is here! We are proud to announce that today we hit our Baby Alpha milestone and have begun the march to Fair Onboarding Alpha and Full Launch Alpha.
https://t.co/8PBC9sRNPS
What we've accomplished and what's ahead 🧵 (1/6)
We’re excited to share, we have:
1) Raised $200M and now have a total of $458M in mission-driven funding
2) Decided to go FULL OPEN SOURCE at our next milestone
3) Reserved ⅔ of a potential future token for the ecosystem
4) Formed a partnership with @OpenZeppelin
👇1/8
Reimagining Parallax - Updated Technical Roadmap 🧑🚀
We positioned ourselves strategically with long-term trends and aligned with our narrative reflexive vision.
Here's the new product direction in our V1 version 🧵👇
LFG! I just applied to Parallax Finance (@parallaxfin) as an alpha tester. Applications are open to everyone.
Form: https://t.co/V9vzLoIYSg
https://t.co/DyGF8lnFzk
📢 Alpha Testing Registration
🎁 $200 USDC rewards for applicants
Spaceship lifting off! 🚀 GM GM our alpha testing is open to the public, secure your spot now (💙,🧡)
Fill out this form ⤵️
https://t.co/A5w3Ubd6IC
INTERACT. Spread the word! Turn ON notification 🤝
Welcome to Bit Rivals! Earn rewards for playing your favorite games, host your own eSports tournaments, and join a community built by and for gamers and crypto enthusiasts. All powered by the $RIVAL token. Find out more at https://t.co/smyN7748fU #crypto#esports#bitrivals
⚡️ Drag race Alpha Test soon!⚡️
The most amazing #Metaverse will start with the epic illegal drag races which will show who the real #Boss of the streets of the City of #Metropolit is!👊
#NFT holders get ready! You will get your exclusive #VIP access for Alpha Test soon! 🔥
@gourmetmei@TrashTastePod@ApariArt With this tag attached, its rly possible that my package will be stolen by my mail service lol. Not joking, happened before, please put it inside