matias

[matias @Zcvm1]

@Franco_Canzani @Florzapana_ @Luciano434 si obvio son algo de 4 millones y medio hoy en dia. Se ponia a ahorrar en palitos de la selva jajajjaja

[matias @Zcvm1]

@Marcela252016 Trabajo ahorro disciplina y inversión para componer tu ahorro, el método es básico lo complicado es repetirlo tantas veces como haga falta, así sea que duermas 6 horas

[matias @Zcvm1]

@hzamoraaa @ElPrettii @Luciano434 Falso, depende de la persona

[matias @Zcvm1]

@fausto0x @MiticoOk Es verdad promocionaba un juego de dinos. Respetable es el que crea patrimonio de cero sin arruinar a otra persona

[matias @Zcvm1]

@gymbroinvestor A mí no me quedó otra que hacer trading, porque no había plata en la cuenta

[Muros Trades @nqmuros]

El efecto Bola de Nieve en el Trading es una locura

No importa cuán pequeño sea tu capital en este momento

Siempre que puedas hacer entre un 2 a un 10% al mes sin apalancarte demasiado

Podrás aumentar el capital de tu cuenta con bastante rapidez

Esas operaciones de +$100 se convertirán en operaciones de +$1,000 y, eventualmente, en trades de +$10,000

Deja de preocuparte por tu capital y céntrate en tu estrategia, gestión de riesgos y disciplina

Una vez tengas esas cosas, el resto encajará en su lugar

[Lookonchain @lookonchain]

High-stakes gambling rarely ends well.

The Roobet & https://t.co/ZZPnpTmYqj gambler 0x7B7b has lost $6.19M in less than 4 days — his $7M bankroll is down to just $672K.

His $BTC shorts have been stopped to 300 $BTC($31.75M) with a liq. price of $106,756.
https://t.co/onF5r6yBMH

[Schlag @Schlagonia]

Well boys, think I figured out (part of) the scam, and it is a doozy. Strap in.

TLDR: Stream (xUSD) and Elixir (deUSD), and likely more, are recursively minting each other tokens in order to inflate there own TVL and create a ponzu the likes of which we haven't seen for awhile in crypto.

NOTE: In the name of readability and due to X restrictions all txn hashes and addresses will be posted in a follow up tweet for those that wish to follow along themselves.

We start our journey on mainnet, watching the flow of USDC funds that have just landed in the Stream xUSD wallet last night. 0x15

- First step is to transfer the USDC out to another Stream controlled address 0x33, in this case to the tune of $4.4m.

- 0x33 places a cow swap order to buy USDT, which is paid out to 0x25.

- 0x25 takes that USDT and uses it to mint the equivalent amount of deUSD from their on chain minter 0x69

- 0x25 then transfers the deUSD back to 0x33 which in turn transfers it back to the main Stream wallet 0x15.

- Stream then takes that deUSD and bridges to AVAX, World chain or any other L2 that has lending markets listing sdeUSD, uses it as collateral to borrow other stables such as USDT or AUSD, swaps to USDC and bridge back to mainnet.

This is repeated one or two more times with varying amounts and lending markets, but the end state is Stream mints deUSD, uses that as collateral to borrow stables and mints more. Yesterday they did 3 rounds to mint about 10m deUSD.

While degenerate yes, not inherently scammy.

Enter Part 2

Usually when leverage looping, the last txn is just to supply the last amount as collateral. But Stream has a special power, which is their wallet receive's all USDC used to mint their "stable" coin xUSD and boy do they use it.

So with the final USDC they borrowed they recursively mint their own xUSD coin. Yesterday using the same $1.9m USDC they minted about 14.5m xUSD as shown in the tweet below.

This means xUSD is not only not actually backed 1:1 but the protocol itself is the largest holder of the token. It currently controls over 60% of the xUSD in circulation, meaning if we assume all is recursively minted like this then each xUSD is backed by at most $0.40.

But for what purpose? Well this is where it gets fun.

The main thing to do with xUSD other than hold, is leverage loop it where listed on Euler, Morpho etc. But who would lend millions of stables against a token the protocol just minted out of thin air you ask? 🤔

Well none other than our friends at Elixir who happen to find themselves with an extra $10m newly acquired USDT. 🤯

- Step one is to transfer the $10m USDT to what their "Transparency Dashboard" labels "Elixir's sUSDS Multisig" (lol) 0x73

- Next 0x73 creates a Cow swap order to swap the USDT back to USDC and have it land in 0x1b

- 0x1b bridges the $10m USDC to Plume network and then transfers it to a Safe at 0xaF8

- The Elixir Safe then supplies the USDC directly to a Morpho market that lends against, you guessed it xUSD.

-This market is hidden from all available morpho UI's and Elixir is the only depositor. There is currently over $70m USDC supplied and >$65m borrowed.

- Shortly after each deposit Stream will then come along with its brand new xUSD it minted to itself, borrow the USDC, bridge back to mainnet and we find ourselves back at the start of the story.

Funny enough as I was writing this they seem to be kicking off another round starting with another minting of deUSD.

While I did not dive fully in yet I would assume most markets that Stream uses to borrow against deUSD are also funded in similar manners, potentially by other partner "stable coins" engaging in the same tactics.

It is hard to know for sure how much actual collateral is backing this full system but seems likely to be sub $0.10 per $1.

Though what's a bit of leverage when you can each advertise 10-15% TVL growth overnight, just look at this beautiful chart from the Elixir dashboard showing their TVL growing about $60m in just a few weeks. (that amount sounds familiar)

The exposure runs rampant through DeFi, not only just holding xUSD or deUSD but depositing into any market or curated vault that lends against them or the other Yield coins that also are at least in part backed by these.

Make sure you know where your yield is coming from.

Happy Farming.

[Javier Barciela @Crece_SinLimite]

Si te falta confianza en ti mismo, lee esto:

-HILO-🧵

[Micol @micolpontiero]

Los hijos de Nita heredarán los dólares que la madre hizo mostrando la almeja. Que país.

[Milton Friedom5 ✈️ @MiltonFriedom5]

Mientras tanto en este momento 2 mil millones de asiáticos duermen para mañana fabricar automóviles, celulares, transistores, tomógrafos, computadoras, televisores 8K, etc.

[Milton Friedom5 ✈️ @MiltonFriedom5]

Tampoco te vengas a hacer el capo Crypto Trader Anti-Fraud Commission si hace 5 minutos creías que la inflación se bajaba así.

[Karu @karuchas6]

FENÓMENO PENITENCIARIO

[La Derecha Diario @laderechadiario]

🚨🇦🇷 | Domó el mercado: Ya se venden tazas con la condena por corrupción a la expresidente Cristina Kirchner.

[matias @Zcvm1]

@ShikaDiabolic @ArrepentidosLLA AJAJAJAJAJAJJAJAJAJAJJ que inutil

[Federico Machado @fede_machado_b]

BANDAS
En este caso, el BCRA fija un valor mínimo y máximo. Cuando el TC toca el máximo el BCRA vende Reservas (absorbe pesos, baja la BMA) y cuando el TC toca el mínimo, el BCRA compra reserva (emite pesos, sube la BMA).
En este esquema, la BMA puede crecer infinitamente 👁️
4/7

[Pregonero @PregoneroL]

Los mandriles de C5N se fueron a un banco del microcentro a esperar que el dólar se vaya a la mierda y 1 minuto después les saltó el dólar desplomado de Banco Nación.

[Ma Wukong 马悟空 @Ma_WuKong]

🇺🇸🇨🇳 Los chinos están publicando cuando valen, de fábrica, los productos de lujo que se venden por decenas de miles de dólares en Estados Unidos.

En este ejemplo, 1.395 dólares vale la producción y se vende por 38.000. Se acabó lo que se daba.

[Impuestos&Equidad @ImpuestosyE]

HABÍA QUE SALIR DEL CEPO, CHICOS.
No era normal.

Fin.

👋 CHAU CEPO.