For people living in places with weak currencies, stablecoins can preserve real value.
I wish I learned sooner, I was always on the #BBNaija trends, shouting and rooting for #Imisi and #Laycon
Dont be like me, learn
Lesson 4 ( What are stablecoins and why use them?)
Stablecoins are digital currencies designed to keep a steady value, usually tied to something stable like the US dollar or gold. Unlike coins such as Bitcoin or Ethereum that can rise or fall quickly, stablecoins aim to stay the same price.
They matter in crypto because they bring stability. Traders use them to protect profits during market swings. Instead of cashing out to a bank account, they move funds into stablecoins and keep value safe inside the crypto system.
Examples of stablecoins include:
1. USDT (Tether) โ the most widely used stablecoin, pegged to the US dollar.
2. USDC (USD Coin) โ backed by reserves and often seen as more transparent.
3. DAI โ a decentralized stablecoin managed by smart contracts and collateral.
4. BUSD (Binance USD) โ created by Binance in partnership with Paxos, pegged to the dollar.
Stablecoins also make it easier to send money across borders. They are faster and cheaper than traditional bank transfers, while keeping a predictable value. For many people in countries with unstable currencies, stablecoins give them a safer way to store money.
In short, stablecoins connect the speed and openness of crypto with the stability of traditional money.
Snapping time: LayerBank
Liquidity in DeFi has often been inefficient. Funds get trapped inside ecosystems, strategies require risky bridges, and users miss out on yields across different chains.
.@LayerBankFi takes a different path by creating an omni-chain liquidity layer where assets can move freely. With over $92M secured, 693K participants, and integrations across EVM and non-EVM networks like Rootstock, Plume, and Movement, it unifies lending, borrowing, and RWA yields into one framework.
Liquidity fragmentation has slowed DeFi adoption. LayerBank tackles this by unifying liquidity across EVM and non-EVM ecosystems into a permissionless market.
Deposits on one chain can support loans on another, creating a seamless cross-chain lending experience.
.@LayerBankFi
Irys is solving one of the most overlooked gaps in Web3: reliable data permanence with predictable costs. By abstracting the intricacies of Arweave, it gives developers a straightforward way to anchor data on-chain while maintaining cryptographic proofs of availability.
This turns data storage into a verifiable public good rather than a liability.
Stay Hirys always.
.@irys_xyz
How to Lock in on Irys.
>Yap about Irys
> Yap more about Irys
> Be a reply guy on Irys
> Play the Irys Spritetype game.
> Complete the Irys Galxe tasks
> Play the Irys snake game.
Repeat
Remember that Irys is the programmable datachain that stores data securely while also putting the stored data to work.
This week, many of the Union champs will be claiming stimmys.
Union to $0.5, who says no?
Well, while you are trying to P2P and buy yourself that beautiful shoe, upgrade your phone or laptop, someone on bybit is planning on scamming you.
Yes, you
This is a guide on how to correctly and efficiently sell your stable on bybit's P2P without hiccups.
Stay with me kek.
> Go to your Bybit app and on the phone page, click on more, that's where the P2P function is hiding.
> Ensure your stable is on the "Funding" section
> On the P2P page, click on "Sell".
Click on "amount" and input the amount you want to sell, let's say $300.
> Then click on "All transfer method" and select your preferred bank. Now it is very important your do this part, cos some vendors will put higher rates than others and select a bank that they know has network problems.
> Do your verification (mostly Google authenticator) then input the total amount you want to sell.
> Ensure you type in your phone number correctly on the chat section provided for you to communicate with the vendor
> DO NOT accept another bank account payment, if the vendor requests it. Do not.
> When the vendor claims he/she has made payment, GO TO YOUR APP to verify the claim. Send out some amount into another account to ensure the vendor didn't send you a promise transfer. I will write more on this later.
> After confirming that your funds have arrived in your bank account, confirm payment on the Bybit app and do your verification.
That's it.
I hope this is informative and this helps someone out there.
If there's anything I missed, kindly comment.
Yay I broke out too..
After many months of being in the Kaito .@KaitoAI jail, I finally broke out ๐โโ๏ธ
Now I can get yap jobs on the YapMarket. It frustrated me at some point, but shoutout to the top chads that interacted with account and you should follow them:
@73lV_@AnonVee_@IdMintThat@Defi_Scribbler@rob_inwoods@bloomstarbms@OxTochi
Truly supportive chads.
Now, we push to climb LBs
@irys_xyz, here I come.
You, yes you. What project(s) are you bullish on.
Tag them under this post.
I'm crazy bullish on @cysic_xyz and @union_build, then a little sprinkle of Lumiterra game.