One of the protocols I'm most excited about going into 2024 is @ElixirProtocol🔮
Elixir allows users to provide liquidity to orderbook based perp DEXs in a similar fashion as Uni V2 LP'ing.
A few weeks ago, I spoke with @cole0x to hear more about the future of Elixir.
LP vaults are currently live for @vertex_protocol spot and perp markets and there are tons of integrations ready for next year (dYdX V4, Injective Labs and many more..)
Elixir is further gearing up for the full launch of the protocol with the $ELXR as well.
I just released an article on how market making works on orderbooks vs AMMs and how Elixir fits into this.
One of my favorite reports to date - check it out in the link below and let me know what you think🔮
💰Learn ALL Money Making Courses/Skills in 2024 Can Cost you 1000$ but today
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After the bear market we've had and the inflows of money we're seeing....it can only lead to 1 thing:
MELT YOUR FACE OFF #Altseason
Accumulating high quality #altcoins has paid off very well.
We're thrilled to announce we've raised $3.5M, co-led by @generalcatalyst and @localglobevc, with participation from SIG, @alliancedao, Balaji Srinivasan and others!
We're building the first decentralized perpetuals exchange for Real World Assets ⬇️
https://t.co/X9ffyom58o
1/ Ethena is excited to announce our $6.5M seed round led by @dragonflyvc, with participation from @cryptohayes and major derivative exchanges
The round is the first milestone in our mission to develop the first scalable stablecoin not dependent on the banking system
As the market size of Biochar increases, we're starting to see increased interest in defining biochar credit quality. Biochar is generally regarded as a high-quality, durable pathway for carbon removal and is gaining specificity around that general sentiment.
A 🧵
The eurodollar system's inner workings are a complex tangle of esoteric interactions.
Even so, when you step back and look at it, the key concepts really aren't difficult to understand.
The problem is Economics ignoring all of it so the public has been left in the dark.
🚨 What is a eurodollar? - (Must Read)🚨
THREAD:
1: The Mystery Begins
The Euro$ is NOT what you think it is. It's our hidden monetary system, lurking in the shadows.
Think of Euro$s as a black hole, hidden yet profoundly affecting everything around it.
The Government doesn't have a monopoly on money; the Euro$ is completely outside the purview of the Fed
2: The Urgent Question
What is the Euro$'s origin? No one is sure!
In the late 1950s, European banks began transacting in US$ claims, creating a network of outside the US.
3: The Birth of Euro$s
A Federal Reserve report from 1960 reveals the emergence of Euro$s as European banks sought dollar deposits for investments.
Euro$s aren’t actual dollars; they are a web of claims and transactions.
4: The Global Money Network
Euro$s enable banks worldwide to transact efficiently, linking monetary resources with needs across continents.
It's more a global communications network than a currency.
5: The Ledger Money System
Euro$s aren't physical dollars; they are ledger claims on US$s, a virtual currency.
Banks create claims and then use them to intermediate monetary needs all over the world.
6: A New Era of Prosperity
Euro$s became the lifeblood of a globalizing economy, facilitating trade and investments on an unprecedented scale.
This system brought unparalleled global prosperity.
7: Unintended Consequences
Euro$ has malfunctioned since ‘07, the world faces risk of undoing decades of that progress.
Competing arrangements can't replicate what Euro$s did so well—widely available and acceptable money.
8: The Ongoing Challenge
To replace Euro$s, something has to replicate its capabilities, an immense challenge.
Global reserve currencies MUST be a highly useful medium.
9: The Final Message
The Euro$ is our monetary system, whether you acknowledge it or not.
Understanding this hidden system is crucial as it affects our lives, not strictly the global economy.
10: Just the Beginning
Dive deeper into the Euro$r system with Eurodollar University's memberships.
Explore its history, fundamentals, and the hidden world of global ledger money.
Join us today at https://t.co/Z5Tb2tXafX. Will you stay in the dark, or take the red pill to uncover the hidden truths about how money truly works?
Do not miss the opportunity to meet @ChrJentzsch with the https://t.co/mwBmLHNks6 team at the @conf3rence in May next year! Secure your ticket now! https://t.co/4UA1xXT5No
1/🏛️Breaking News: Paxos Expands to Solana
@Paxos, the leading regulated blockchain & tokenization infrastructure platform, will benefit from the high-performance architecture of Solana & plans to offer the USDP stablecoin to the public mid-Jan. 2024.
https://t.co/PkFUByXcXb🧵
Hyperspace: A BitTorrent-like Network for AI
This paper is inspired from the origins of both BitTorrent and Bitcoin, providing a way to completely replace the need to have a big corporate datacenter company serving AI (and calling all the shots). It's an open standard which anyone can extend - and simply uses a peer-to-peer network of laptops and desktops to reliably serve AI in communities.
The age of decentralized AI has begun.
A wise person once said, and I repeat, "it is hopeless to compete against us.."
https://t.co/DTDKbWEdEM