1) Phoenix Phase 1, Ignition, is now live!
Minting phUSD through the Behodler 3 bonding curve is officially open, marking the launch of DeFi’s first Evergreen stablecoin.
You used volatile tokens as collateral for stables?
“Yes Dave.”
Then looped them to “boost yield”?
“Yes Dave.”
Then billions in liquidations hit, the peg was lost, and your “safe” farm got wiped?
“Yes Dave.”
But it’s a “healthy correction”?
“Yes Dave.”
What if a stablecoin wanted volatility?
Meet phUSD — a self-correcting, yield-backed stablecoin that grows stronger every time it’s stressed.
The Rebound Effect 👇
Very excited to introduce Phoenix/phUSD to DeFi - much more detail to come, but you can see the general overview and aims in this introductory thread/article :)
@DeFi_Cheetah@a16z@Tim_Roughgarden As you note, LPs lose out during price discovery. This creates the problem of the misallocation of liquidity across DeFi (overallocation to stables, underallocation for innovative DeFi projects). @BehodlerAMM solves this. Check the WP for more: https://t.co/iEZuMMW1iw
@TheDeFinvestor Concentrated Liq. may improve capital efficiency, but it doesn't solve for the problem of the misallocation of liquidity across DeFi (overallocation to stables, underallocation for innovative DeFi projects). @BehodlerAMM solves this. Check the WP for more: https://t.co/DnmPAYYAZB
9 years of development building to this moment for @radixdlt to present their vision of Web3. We've seen the failure of CEXes, now we will see the DeFi future.
Open. Transparent. Self-custodial. Real yield. Secure. Scalable. Intuitive. Radical.
#RadFi2022@CaviarLabs@ociswap
DeFi is broken, but there's a way to fix it. All will be revealed at #RadFi2022
Tune into the stream on December 8th
10:00 PST / 13:00 EST / 18:00 GMT 👇
https://t.co/MmV9VsoTJ9
Flan, Limbo and SCX are all unique in DeFi. A rigorous exploration of monetary policy helps form a set of easy to measure guidelines for governance so that Limbo can hit the ground running.
https://t.co/1r6KQUPOlu
#DeFi#Limbo $Eth $SCX $Flan #Ethereum
Radvocates, check out https://t.co/tUWsyJfzeb a Dex aggregator by @CaviarLabs pulling in liquidity from across the #radix ecosystem from places such as @ociswap and dogecubex - getting you the best prices available 👌
Big interview with @radixdlt
Some topics:
1) Programming language
2) Consensus
3) Dev Experience
4) Indexing
diving very very deep
https://t.co/kIhBGFmdzC