6 days to go. The prize keeps climbing. Today's giveaway is $400 USDC
Let's get back to putting the community on the map. Where in the world are you reading this from? Drop your city below.
To enter:
- Follow @TEXITcoin
- Like & repost
- Reply with your city
One community member wins 400 $USDC, picked at random. Let's see how far this reaches.
🏆 WIN THE ULTIMATE USC FOOTBALL VIP EXPERIENCE 🏆
Catch the USC vs. MICHIGAN football game live at the historic LA Memorial Coliseum with an ALL-EXPENSE PAID TRIP to Los Angeles.
Don't miss out – ENTER NOW: https://t.co/oWbHNKhgi4
@usc_athletics@uscfb
IT'S OFFICIALLY PAY DAY 💰
If you can be the CLOSEST guess to how much $$$ (USD) we are paying out today, we'll give you 10K SATS!!
Hint: Last month we paid out about $50,500.
👍 Like + RT this post
⬇️ Reply with your best guess!
💸 5 Users will get 10K Play-thru Sats
Relend Network partners with @usualmoney 🤝
We just added the USD0++/ USDC market to our Relend USDC Vault on @MorphoLabs
🌀Relend Network solves liquidity fragmentation of L2s with fractional reserve banking.
Excited to be supporting USD0++ as collateral! Allocating to this market (current APY of 10.7%), increases available liquidity for the Usual community to borrow USDC.
Pre-deposit: Earn RELEND units, MORPHO tokens and APY by supplying the Relend USDC vault👀
🪙What is USD0++?
USD0++ is an enhanced and boosted 4-year DeFi T-bill, secured by a principal locked in USD0 during 4 years, ensuring principal recovery. It allows users to benefit from the growth and success of the protocol. Unlike traditional models, USD0++ not only provides protocol revenues but also distributes ownership of the protocol through its innovative reward mechanisms.
🔜We look forward to early partnership steps with Usual and may be relending their assets once we are live 👀
A week into the pre-deposit campaign and already > $6m in the relend USDC vault.
📈 Currently highest native apy among all @MorphoLabs's USDC vaults
🌜Earn Relend Units on top of USDC yield
🤝 Borrow vs partners' collateral: @fraxfinance, @AngleProtocol and more coming soon 👀
Relending ELI5
📜There is a village with a Chief, 10 villagers and 1 Village Bank.
🏦The Village Bank holds $1000 in cash.
The Chief owns all the houses.
👩🌾Villager 1 borrows $1000 and buys a house from the Chief, Chief deposits the money back into Village Bank.
👨🌾Villager 2 borrows $1000 and buys a house from the Chief, Chief deposits the money back into Village Bank.
Repeat with all 10 villagers.
The Chiefs bank balance now reflects $10 000.
Each of the villagers now owns a house🤯.
Village Bank holds fractional reserves of $1000
Village Bank is owed $1000 by 10 villagers,
total of $10 000 in credit.
Village Bank holds 10 houses as collateral.
Village Bank AUM: $21 000
🌀This is relending. We are bringing this to DeFi.
#relending