TIntern329

A saylor on a journey

[QiDao @QiDaoProtocol]

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[TIntern329 @T28640329]

Concentration index of the industry (Herfindahl–Hirschman) is 0.33 (highly concentrated), and would become 0.44 (even higher) after FTX acquisition (summing both market shares).

Shouldn't we be discussing the industry structural problem now?

2/2

[TIntern329 @T28640329]

According to the latest data posted on the Global Volume Monitor for DEXes, as of Nov 8th:
Binance has a 54% market share (#1)
FTX has a 10% market share (#3).

1/2

[TIntern329 @T28640329]

Would it be possible for a crypto company to become too big to fail? 🤔

[TIntern329 @T28640329]

@solanamobile #DesignYourSagaHomescreen

[TIntern329 @T28640329]

@aurigami_PLY #NEARCON #foldtowin

[TIntern329 @T28640329]

14/14
$GHO Stablecoin

▶️If you own stAave you can mint at discount
▶️A way to get more liquidity from Aave and bringing more optionality
▶️The existing stablecoins will continue as they are
▶️GHO can used directly on L2s
▶️Foster stablecoin use beyond the current DeFi ecosystem

[TIntern329 @T28640329]

Podcast notes on @bankless #EthCC experience with @StaniKulechov

https://t.co/bWA7VI747a

🧵

[TIntern329 @T28640329]

13/14
$GHO Stablecoin

Adding the hability to mint GHO:
▶️Overcollateralized
▶️You still can earn yield on the collateral you are supplying
▶️You don't need to create a separate wallet for each asset, but use your whole portfolio to get the borrowing power and mint GHO