The Milady floor is 3.75 eth. 📈
Unfortunately, your job at mcdonald's doesn't pay enough, so you borrow 3.1 eth on @blur_io with a .65 eth down payment. 😎
But oh no, swing traders who bought Milady yesterday are up big. So they sell and take profits. 💰
Within seconds, the floor dumps to 2 eth. 🪦
The lender is scared, (they want their money back before it’s too late)
so they liquidate your loan early. 😮
You can’t pay back the 3.1 eth loan (because remember you bought a jpeg with it). 💀
So, your loan gets auctioned off to the highest bidder. But no one wants it because they’d be paying 3.1 eth for something that’s only worth 2 eth. 🤦🏼♂️
When the smoke clears, the floor finally stabilizes at 1.5 eth. (free for a milady tbh) and the auction ends. 😭
The lender seizes your Milady and immediately accepts a wETH offer. 😮💨
Then, they open up a bottle of jack and cry themselves to sleep. 🍺
TLDR:
1️⃣ The lender lost 1.5 eth
2️⃣ The buyer lost .65 eth and their new milady
3️⃣ Blur takes their marketplace fee
And that is how Blur's new NFT lending works. 😎
If only there was a way to get a loan without early liquidation like on @useteller
For the last year, I’ve been desperately searching for a penguin that would fit Moosette (my wife) exactly.
I got intouch with the owner (@notsofast) and he sent it to me without hesitation.
Here’s the wild story behind it 👇
Happy to meet @JivTulsiani25 again and get to know Echo from @TzApac to learn about the exciting developments of the @tezos ecosystem, with the accompany of my amazing friend @JenniferChengLo , at the #WOWSummit side event at Bitcino, co-hosted by Tezos, @OKX_Ventures , DWF Labs and more. Thank you for the merch - Tezos x Formula 1 backpack designed with heart; love that! Will do a separate post on that later🫶🏻
@FOMOAsia panel “Beyond NFTs & Investing: How UHNWI, Family Offices, Institutional Investors, VC, PE, Web 2 & Web 3 Hedge Funds Pick Projects to Support” @NewChicCapital Family Office https://t.co/3NIZ17KhBa Partners @coins_group @Crypto_Virginia @AimHedgeFund@VivianMingyue 🧵
Hanging out w @pudgypenguins team @ViPowow & A w my @NewChicCapital Family Office Partner @Crypto_Virginia @coins_group post private lunch at family’s Hotel! We are proud holders, Investors, Strategic Partners. Excited for upcoming private investor meeting. Missing u @LucaNetz
Overall, I believe that the combination of unique tokenomics, dedication to collaboration and innovation, and the potential for staking rewards make ParagonsDAO a no-brainer for long-term investment.
☁️ A world where imaginations are plentiful, adventures are boundless, and anything is possible. ☁️
👀 Launching 2023, Registration link in Bio👀
🐶 Hee____ 🐶
New partnership announcement - @DAOLaunch 💪🏻🚀
The traditional kind of VC is a dated concept; we have the responsibility to help future founders to succeed by making the launch settings more fair, transparent and competitive for them, from ground zero.
We’re thrilled to be part of the Advisory Council of @DAOLaunch!
DAOLaunch is here to change closed VC deals to transparent and competitive opportunities – all on-chain. We will work tgt to empower founders to run the biz in the way they want and with the resources they need💪🏻🚀
Happy to be part of the fuel 🔥 The world needs more serious DAOs with a clear vision.
Backed by 90+ funds, DAOs and angel investors, we are ready to build the foundation of our value so we can make a difference for Parallel and other future ecosystems.