Drop it like it's 🔥
HOLLAR borrowing APR has just been reduced to 4.50%
Provide higher yielding assets -> borrow HOLLAR -> buy higher yielding assets -> repeat & chill
Jakub Panik from Hydration dropped a comment in the pUSD GitHub repository:
→ There will be no alternative proposal for a Polkadot native stablecoin from their team
So, aUSD tech–based stablecoin in November, no doubt
Do we forgive Acala, or cope with the PTSD forever?
https://t.co/sJSs8Lp2PU
22bit RSA isn’t too much, classical computer can deal with 700+ bit RSA.
But it’s significant because it’s scaling exponentially. Every additional qubit with same entanglement time doubles the performance.
Quantum Apocalypse is closer and closer to
Candidate to first production ready Post Quantum ZK ring signature.
Based on Chipmunk so I called it ChipmunkRing. My first own crypto algorithm btw.
Code is here: https://t.co/4E8ONbgYZl
Lot of tests are in the same branch so feel free to play with it
#PostQuantum#crypto
Genspark has released a new AI browser that gives you access to:
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@lolmcshizz 1. Did you counted approx how much value HOLLAR can bring to Hydration? Bad, average, good outcomes
2. What main pros for users outside ECO use HOLLAR? Like compare with other stables from diff ECOs
@philzuoag@lolmcshizz UST its algo stable
ust mint luna - sell luna and death viral
HOLLAR overcollateral stable
put usdt/c get hollar. so in protocol always more another crypto, seems in next episode hollar will be collaterized by btc eth and so on
I've tried all (61 😵💫) AI Coding Agents & IDEs
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Stop overpaying to move stablecoins on other networks.
Polkadot → transfers are fast, low-cost, and even payable in stables.
Here's how to send USDT or USDC in seconds using @NovaWalletApp
I just bought 10,000 USD of HDX!
I'm no longer neutral & only hold DOT.
Why? I have been saying this more and more in interviews recently: @hydration_net is THE DeFi killer app of Polkadot.
So I put my money where my mouth is.
3 reasons:
- product
- founders
- vision
👇🧵
The main DeFi rollup on Polkadot, @hydration_net has seen a surge in TVL recently!
From 100m USD in April to 187m USD today!
You can currently earn the following APRs:
1⃣ 30% on stablecoins
2⃣ 46% on tBTC
3⃣ 80% on AAVE
But there's more! 👇
Hydration is about to unleash Protocol-executed partial liquidations and it’s a HUGE UX improvement and the best validation of the app-chain thesis to date ✅
Status Quo
Hydration’s Supply & Borrow is a deployment of AAVE v3 - here users can supply collateral against which they can borrow assets up to a certain LTV (Loan to Value).
Depending on the LT (Liquidation Threshold) of the various assets they’re supplying and borrowing, they must be mindful of their HF (Health Factor). The HF very simply tells the user the point at which they could have their collateral liquidated - anything below 1 and it’s game over. 📉
When a position’s HF drops below 1, a third party can liquidate UP TO 50% of a position, keeping substantial profits apart from a small charge which goes to the Hydration protocol. In almost all cases, it is most profitable for the liquidator to liquidate the maximum 50% of the position - so that’s what they do. Bad for the user, great for the liquidator’s P&L! 💰
Protocol-executed partial liquidations
Moving forward on Hydration after deployment of this feature, it’ll work in the following way for all collators (sequencers) that upgrade to the latest node binary:
1⃣when building blocks, they check incoming oracle price updates and calculate the updated HFs for positions based on those changes
2⃣the minimum amount required to be liquidated to bring any positions back above HF 1 is calculated
3⃣the liquidation extrinsic is called for those positions using the router, liquidating only the minimum amount required
‼️the oracle updates are placed at the start of the block, with these liquidations following directly behind - as a result the protocol is the guaranteed liquidator of these positions‼️
What does this mean?
As a result, users will always only be liquidated for the absolute minimum amount required to bring their position back to a healthy Health Factor, and the protocol will capture any liquidation profits itself - instead of leaking these to external agents.
🔸Liquidations will be smaller and more frequent, ensuring better price execution and reliability.
🔸This is much better for users, who will retain a greater portion of their collateral if they are unfortunate enough to be liquidated - and better for protocol profitability.
💬Captured value can eventually be passed back on to users through lower fees and better LTV/ LTs - Hydration can and will become the best place to lend and borrow BTC, ETH, stablecoins, and more
As always @GregusJakub has some ideas for how we can take this even further - but I will leave the alpha for him 👀
Be under no illusion though, this is not possible on general purpose blockchains - it is only made possible by Hydration’s custom logic built using the Polkadot - SDK 🔥