C-Bleekiz

Stay Humble 👻SC: Chad bleekiz

[C-Bleekiz @XRP_Chaser]

@digitalassetbuy Its a bank heist shit let me join the team trump... can't beat them join them lol

[C-Bleekiz @XRP_Chaser]

@jungleincxrp

[C-Bleekiz @XRP_Chaser]

@sahilkapur @judyshel He's a crook just like Trump!!

[C-Bleekiz @XRP_Chaser]

@DeatonforSenate just gotta say I'm proud of you, my brother!! Do what you do and go hard!!!

[Cowboy.Crypto @cowboycrypto313]

Nothing to see here. Just Gary Gensler meeting with CBOE who acquired Joe Lubin’s ErisX.

👀👀👀👀
On 11/13/23, CBOE Digital announced plans to launch trading and clearing in margin futures on #Bitcoin and #Ether, beginning January 11, 2024. CBOE Digital announces they are to become FIRST U.S. regulated crypto native exchange and clearinghouse to enable both spot and leveraged derivatives trading on a single platform.

Joe Lubin at it again.

[C-Bleekiz @XRP_Chaser]

@JoeBiden I'm sure they will say he got hacked smh

[RIZ.. 🇺🇸 🇵🇷 @RizXRP]

This Ethereum thing is crazy..

Great interview @thinkingcrypto @MetaLawMan

#ETHGate #FireGaryGensler

[Stuart Alderoty @s_alderoty]

Will any of these lawyers be brave enough to blow the whistle and share details about Gensler’s “controversial leadership” with the SEC’s Office of Inspector General or with the House Committee on Oversight and Accountability?

[Digital Asset Investor @digitalassetbuy]

🎯🎯🎯🎯🎯

[CryptoGeek @CryptoGeekNews]

🚨BREAKING: BANK OF AMERICA ANNOUNCES OFFICIAL PARTNERSHIP WITH #RIPPLE USING #XRP FOR CROSS-BORDER PAYMENTS.

[Jeff Roberts @jeffjohnroberts]

So let's get this straight:

The SEC lied to obtain an ex parte TRO—where defendants don't even learn about the charges

The judge finds out and is understandably pissed, starts disciplinary proceedings

The SEC drops the case to try and wriggle out of it

https://t.co/4qWkxAwVsw

[FoJAk @FoJAk3]

🔥👀

[Tina 💖☀️ @tina_connects]

There are two types of collateral in the FAsset system: vault collateral and pool collateral. I'll break it down for everyone using an analogy and bullet points for clarity.

Vault Collateral:
Just like in a bank, when you deposit your valuable items into a safety deposit box, they are stored securely and can be accessed only by the rightful owner. Similarly, in the FAssets system, when you deposit your collateral into the vault, it is held securely and can only be accessed by the owner of that collateral.

The vault collateral serves as a form of guarantee or collateral for the FAssets that are issued. It provides assurance to the system and other participants that there are sufficient assets backing the value of the issued FAssets.

If, for any reason, there is a need to redeem the FAssets, the vault collateral can be used to cover the value of the redeemed assets. This ensures that the system remains stable and that the value of the FAssets is backed by real assets held in the vault.

🔑 Key points:
• Vault collateral is exclusively provided by agents.
• It consists of the types of collateral chosen by agents to store in their vaults.
• Keep in mind, Flare governance has to give the green light for the valid types of collateral (usually favoring stablecoins or highly liquid tokens).
• These collateral assets serve as the primary backing for the minted FAssets.
• Agents create vaults and deposit the chosen collateral assets into them.
• The vault collateral ensures that there is sufficient value to support the FAssets in circulation.
• It acts as a safeguard against any sudden drop in the price of the vault collateral, which could make it insufficient to back the underlying assets.

Pool Collateral:
Imagine the pool collateral in the FAssets system as a savings account in a bank. When individuals deposit funds into their savings account, they become part of the pool collateral.

Just like in a savings account, the individuals who contribute to the pool collateral earn a share of rewards. These rewards can be compared to the interest earned on the savings account balance. The more funds individuals contribute to the pool collateral, the larger their share of the rewards.

🔑 Key points:
• Pool collateral, on the other hand, is provided by both agents and $FLR holders who choose to contribute to the pool.
• It serves as an additional safeguard in case the vault collateral is not enough to back the underlying assets due to a significant price drop.
• The pool collateral is separate from the vault collateral and acts as a collective resource to maintain system stability.
• Collateral providers can deposit their $FLR tokens into the collateral pool and receive a share of the fees generated by FAssets minted using that pool.
• There is a time lock on deposits to the pool, this minimises risk of sandwiching attacks. The duration locked will be defined by governance.
• Collateral providers receive Collateral Pool Tokens (CPTs) as a form of 'proof' of their deposit to the pool, which is redeemable, transferable, and tradable.

Hope this was helpful, you can support by hitting the like/follow button if you'd like to see more. Have a good one!

[Tina 💖☀️ @tina_connects]

GM☀️

It's that time again, FAQ series #FAssets. Drop me a comment below if you want to know anything specific. For now, lets talk about collateral.

Q3: What are the different types of collateral in the FAsset system, how do they differ, and what roles do they serve?

[Digital Asset Investor @digitalassetbuy]

Still no comment on Epstein Island and the women victims of rape? @SenWarren

[CryptoLaw @CryptoLawUS]

The @SECGov's war on crypto did not start with @GaryGensler, and he's not the only SEC Chairman confused about the technology. Watch former Chairman Jay Clayton change his tune on crypto⬇️ #ClaytonHypocrisy

[C-Bleekiz @XRP_Chaser]

@JoelKatz Welcome to America. No wonder it's called the land of the free home of the brave! They brave cause they can get away free no matter how much dirt they do as long as their in government offices.

[John E Deaton @JohnEDeaton1]

The impact of gross government overreach can’t be overstated. And the lawyers at the @SECGov are full of 💩 when they claim this was not intentional. @SECEnfDirector has already misled Congress. These lawyers were following SEC leadership.

[Cowboy.Crypto @cowboycrypto313]

🚨SEC VS DEBT BOX UPDATE🚨
Debt Box Response 1/12/24
“The SEC should be SANCTIONED here. As discussed below, this is the rare case that warrants sanctions under Rule 11 of the Federal Rules of Civil Procedure and under this Court's inherent authority. The SEC knew from the outset that it had no evidence of any irreparable harm, but it falsely and misleadingly suggested in its filings with the Court that it did. And when confronted with the incontrovertible, direct evidence showing that its position on irreparable harm was untenable, the SEC, knowing the truth, nonetheless "doubled down on its [false] argument [in a court pleading], rather than acknowledging the error." Order to Show Cause at 15. In essence, the SEC obtained the TRO by lying to this Court, and abusing the judicial process.”

“For the foregoing reasons, sanctions under Rule 11 and under the Court's inherent authority are warranted and should be imposed on the SEC.”

[Moonchaser ☀️🪝 @Moonchaser2020]

I do hope @JohnEDeaton1 runs against @SenWarren 🙏🙏🙏

She’s been a wolf in sheep’s clothing since her rise on the US political scene. Once seen as a proponent for change, fighting Wall St corruption & changing the financial system for the people, she has revealed her true colours if one has taken notice.

She’s campaigning against us “crypto bros” which is a farcical and weak narrative when US legislators are only playing catch-up in seeking to regulate a new asset class and industry that has experienced Cambrian growth since inception 15 years ago.

To lambast crypto as a cesspool that facilitates criminal activity is showing one’s ineptness and ignorance in not understanding a technology that is being taken seriously by central banks and regulators worldwide, and is the inevitable progress and application the financial markets need towards an increasingly digitalised economy.

Most of all, she is ignoring a community of citizens who are seeking a democratisation of a financial system that is outdated and does not meet the needs of today’s social and economic progress.

The tide is changing as DLT and blockchain increasingly becomes the backbone infrastructure of the impending digitalised global financial system.

She is unfortunately part of the vocal breed of out-of-touch boomer politicians whom are NGMI. She is being played by the legacy FIs that she swore to fight against but now eagerly cozies up with. Who can forget Jamie Dimon’s love ode “I’d shut it down” to her. She’s really not bright if she believes his Oscar worthy performance. Who’s going to tell her about Onyx and JPM Coin?

On a different tangent, I am not an American but have avidly followed the previous two election US election cycles. I recall her 2020 presidential campaign when she thwarted the “Democratic progressive” movement by what she said to Bernie Sanders on the debate stage and choosing to stay on to Super Tuesday, even though she had performed poorly in its run up:

3rd in IA
4th in NH
4th in NV
5th in SC

She gleefully played with the DNC’s machinations and chosen candidate (Biden) and well, hindsight is a powerful thing.

Politics is irrefutably dirty but one can maintain some semblance of integrity and honour - something that Sen Elizabeth Warren has shown to lack time after time.

John Deaton is an honourable man who will fight for what is just. His life and professional experience will equip him to take her to task on multiple policy fronts.

Please consider running good Sir!!

#JohnDeaton2024 ✨
#Web3