Vibe is now officially live on the @AbstractChain Mainnet to support Memes across all of the @Abstract_Eco
In @LucaNetz we trust ๐ง
Trade, deploy, and earn $Vibe Now - only on Abstract.
We built the most egalitarian launchpad across @AbstractChain
Thereโs real eth sitting in our jackpot
Homies need to start deploying and trading more memes , right @LucaNetz
Long live @Abstract_Eco
I think there is a fundamental negative depiction of ADL across CT that needs to be reformed.
In DeFi perps trading, there is an ever-present risk of Basis, which is the difference between the current spot price in the market and the future price that a liquidation engine will be able to sell at. There is an inherent necessity to utilize ADL because of the lack of recourse in DeFi markets, as we do not know our counterparties, which is a circumstance that is not present in TradFi.
For instance, if you are levered long on stocks and get liquidated, your margin call will come in to settle the delta of your balance, even post-liquidation - ensuring that traders on the other side of the book are able to be made whole in the event that your collateral is not sufficient. If you do not fulfill that obligation, you will get sued.
ADL comes in to minimize basis risk, and without it, the likelihood that an exchange, either centralized or decentralized, becomes insolvent increases exponentially. What are the other options besides ADL: insurance funds and socialized losses; however, insurance funds are limited in size, and socialized losses are not meritocratic and often employed as a last line of defense.
Lastly, for everyone saying that it's unfair that @ethena was able to negotiate a 1:1 oracle price or bypass standard ADL policies, you're lacking market intelligence. They have been and remain fully overcollateralized, and thus, thin orderbook price differentials should not be relevant to maintaining the efficacy of true price, given that the basis can be removed via instant redemption.
Thank you for coming to my TED talk, I will not resume sh*t posting via quoting.
Genghis Khan conquered an entire civilization.
@LucaNetz took a flightless bird and made it the face of retail web 3 adoption
Do you understand what happens next?
Thatโs right @AbstractChain will sow Lucaโs seed and Vibe will be his children
WE ARE .15 ETH AWAY FROM OUR FIRST JACKPOT.
ANYONE WHO CREATES A MEME OR TRADES A PRE-BONDED MEME ON VIBE IS AUTOMATICALLY ENTERED TO WIN.
YOU CAN TRACK YOUR TICKETS ON THE LEADERBOARD.
THE WINNER GETS .6969 ETH and then the system resets
*The jackpot is automatically triggered on-chain and completely randomized
Step 1: wake up
Step 2: check the @Abstract_Eco and @AbstractChain X pages for network updates
Step 3: email @LucaNetz GM
Step 4: check the basement cameras to see if the devs are still alive
Step 5: head over to the Vibe website and launch a new meme
Step 6: repeat
If you see this message ๐
Tag two friends in the comments and then drop a like and a retweet.
Your two friends then both need to launch a token on Vibe.
Then join our telegram and show proof and weโll enter you into a jackpot to win over 2000$.
Hear us out. @AbstractChain is for the people. What do people like to do? Get rich quick. How do you do that? Go to https://t.co/hP2dZ7mzqe and deploy tokens and then shill them to your closest friends, families, and telegram group chats. Now you profit and buy Lambo ๐ค
Hey @LucaNetz can you sign us up as an abstract creator so we can start streaming the devs in the basement?
Weโll have to knock them out for a little to set the cameras up but we can get that as the start of the stream. Plz need sour patch kids to feed the family ๐
Everyone should be utilizing the streaming functionality on @AbstractChain to watch the token terminal on Vibe.
Itโs fundamentally the peak form of ecstasy across the @Abstract_Eco
Nothing makes my little pinky quiver more than a new bonded toke and making a few pengu ๐ญ
Our intern army told me that there are a few other launchpads on @AbstractChain , turns out they are all run by liberals.
If you love Donald the King Trump, you must follow the holy law and deploy and trade on Vibe.
This is the way of the true degen.
Retar Dio