The Grokny

Third BTC cycle / I buy shitcoins low and sell them higher 💯 $ROSE $FI $TRADE $GLQ

[zmanian @zmanian]

$LIBRA is live on Osmosis.

Below is an explainer of the $LIBRA project for Cosmosnauts who might want to join the community.

0L is a pretty unique blockchain project. It started being conceived in 2019 soon after the Facebook Libra effort was announced. The Libra codebase was heavily inspired by the Tendermint and Cosmos codebase. It was very fun for me to experiment with.

The idea was bootstrap a kind of next gen Cosmos network on the Libra codebase but with no funding or ICO so we decided to implement an old @dominic_w idea called puzzle towers as personalized proofs of work.

Second, the network capital was entirely formed from voluntary donations of the validators and early minters.

From this idea, a unique asset was born. Volunteers have been banging away at this for years without any clear path to liquidity. The only way to earn tokens was sweat equity.

About 80% of the network is locked up in community wallets in slow wallets that become liquid over time and community wallets.

Also a pretty large fraction of tokens are actually held by established not for profits with a social good mission. You might see that one community wallet is being held of behalf of the Danish Red Cross. https://t.co/5nkYNdIlwV…

Basically we used Facebook's code to build a work owned collective on a blockchain and now it's becoming linked to the wider ecosystem for the first time.

It's no longer an inflationary token. While it has been fully upgraded to the Aptos codebase as the successor to codebase. The vision is to make $LIBRA the best possible asset and not try to run the standard L1 go to market of meme coins and gaming projects.

This project has been known for tremendous patience and tenacity to make it this far and I hope that spirit continues as the community expands.

This is a one of one like Bitcoin. A product of a small group of people who built something that wasn't really driven by the short term crypto market cycle.

Now it's become way easier to join the community via https://t.co/KamkAaqmNz

If you have questions, hit me up.

[The Grokny @TheGrokny]

@netitodevelazco @UTD_Jos @RyanGarcia JAJJAAJAJ

[The Grokny @TheGrokny]

The greatest trader ever just stopped the ww3 nuke lmfao

i love it here $BTC

[The Grokny @TheGrokny]

@Derivatives_Ape I was afraid u were going to say that indeed Capo was right lol

Ps:
The only exception will be holding $syUSD 🤝

[The Grokny @TheGrokny]

$BTC is dad.
$ETH is Mom.
$SOL is son.
$ADA is daughter.
$DOGE is dog.
$XRP is neighbor.

[The Grokny @TheGrokny]

@Derivatives_Ape So #1 on Binance will take longer?

[cevo @cryptocevo]

6/ $GLQ

https://t.co/EU3Xzs2kXG

[The Grokny @TheGrokny]

10m might be enough to retire, but it's nowhere near enough to create a dynasty.

Why settle once you've "made it"?

Your descendants still need to make it.

Study Emperor Jimmu

[The Grokny @TheGrokny]

This sounds a lot like @saylor firsts interviews where he says because of inflation as a public company you are always just fighting to survive and end up either:
1) Selling to monopolies (AMZ, Nvdia, Google, Microsoft, Apple, etc...)
2) Being a zombie company for decades
3) Die

Thats why he bought Bitcoin $BTC

Maybe $sync becomes a monopoly and ends up buying zombie public companies in order to print "Credit notes" to buy more crypto 🤔

[The Grokny @TheGrokny]

@marwolwarl Last "cycle" u exited around March because every shit was going "parabolic" and then May crash happened, and then the run continued. Any chance this cycle can happen that? And what would be the signs to look into: just every shit going parabolic with no sense?

[The Grokny @TheGrokny]

He has some $sync flow

[Syncus DAO @Syncus_Fi]

The Syncus Stablecoin

The system is inspired by @LiquityProtocol.

The core idea is simple: Use $SYNC tokens as collateral to mint our stablecoin.

This reduces the circulating supply of SYNC, boosting its price due to increased demand and decreased supply.

The introduction of our stablecoin serves multiple purposes.

Importantly, it offers a way for SYNC holders to unlock the value of their tokens without selling them.

By minting our stablecoin $syUSD, users can access the worth of their SYNC tokens.

As the value of SYNC appreciates, so does the collateral value in their CDPs (Collateralised Debt Positions), enabling the minting of additional sUSD.

How it works:

Users lock SYNC in a smart contract to form a CDP.

This lets them mint our stablecoin $syUSD pegged to SYNC’s market value.

To safeguard against market volatility, more SYNC is locked than the $syUSD issued, ensuring each stablecoin is over-collateralised.

Adjustments to the collateralisation ratio, based on thorough risk analysis, ensure stability.

If a CDP's $SYNC value falls below a certain threshold, it gets liquidated to repay the stablecoin debt to ensure for a sustainable system.

Utility and liquidity:

We are setting up a @CurveFinance pool for 1:1 swaps with USDT/USDC/DAI pairing, providing instant liquidity and usability.

This means our stablecoin can be easily exchanged, used for transactions, or as a stable trading pair, expanding its utility beyond our ecosystem.

[The Grokny @TheGrokny]

I know now why the dump, fack

[Watcher.Guru @WatcherGuru]

JUST IN: Craig Wright is not the creator of #Bitcoin and he’s not Satoshi Nakamoto, Judge rules.

[The Grokny @TheGrokny]

At the end of the run $Trade will be one of the only Trades u needed to do! @Polytrade_fin

[WAVE JUMPER @JumperWave]

$TRADE | @Polytrade_fin

Fast becoming one of my top #RWA picks, here’s @ChicoCrypto picking $TRADE as a low cap worth keeping an eye on.

[GraphLinq Chain @graphlinq_proto]

We have recently enhanced the 𝗚𝗿𝗮𝗽𝗵𝗟𝗶𝗻𝗾 𝗜𝗗𝗘 to simplify even the most complex workflows, making it accessible for users of all skill levels🧑‍💻

Learn more about the new GraphLinq IDE in our Medium article:
https://t.co/9q0ZHwNedj

[Kernel Protocol @KernelProtocol]

Today marks a big day in Vector's journey towards fixed-supply/deflationary tokenomics 🚀

We just:

🔥 Burnt 100,000 VEC worth ∼$2m
✅ Reduced the sVEC rebasing rate by 25% from ∼370% APY to ∼280% APY at time of writing
✌️ Reduced the Bonding BCV by 40% to make bonds scarcer

[The Grokny @TheGrokny]

$Fi at this levels is everything you have been dreaming about having the Last years! Dont fumble life changing money anon!

[Mizz0x @Mizz0x_]

FYI, these are the people that will be attending this Summit.

The companies include: Blackrock, Grayscale, Chainlink, Goldman Sachs and Ripple

$FI is at all the right spots

[Syncus DAO @Syncus_Fi]

Our lending platform is now live on mainnet Ethereum!

You can farm $SYNC with 25% APY by depositing:

ETH - USDC - WBTC

[The Grokny @TheGrokny]

$BTC grinding up on a weekend with consistent spot bid and is nearing $70,000 - huge week ahead

WHAT A TIME TO BE ALIVE