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@ash_daff@CryptoMichNL YieldApp can be a good choice among the above CEFIs, the consideration is that YieldApp isn't affected by the collapse of Terra , isn't lent users' assets to 3rd parties also avoids all unsecured loans.
In terms of innovation, YieldApp ll be Increasing swap limit & lower costs
@pressSecretary4@MartiniGuyYT Fair
It's because of bad strategy but not all CeFIs are like the above. there are still CeFIs that show solid resilience and even continue to innovate and have plans that benefit their users, such as YieldApp
@ash_daff@CryptoMichNL The market is always open 24/7, it can use to earn $$ as can a daily trader
Or a long-term holder if someone can analyze and predict that BTC will become a rare and high-priced digital asset
@pressSecretary4@MartiniGuyYT Good decision, some crypto users are looking for profit by staking Bitcoin in CEFIs. many opportunities will be obtained such as being able to swap, staked tokens to increase interest rates, referral programs, etc
@alberthilto@BTC_for_Freedom That's right, what happened with Voyager & Celsius can be used as a lesson.
But don't worry, there are still CeFIs that have the right strategy & risk management and have brilliant plans like YieldApp, among the plans are Increased swap limit and lower costs
@AlexMut4nt@Dennis_Porter_ If you look at the CEFIs roadmap above, YieldApp has an innovation plan that benefits its users such as Fixed-term Earn Product, Fiat on-ramp solution, Increased swap limit and lower costs, YieldApp API
@reportedoverse1 @TheCryptoLark It is undeniable. Survive & innovate in a market like this. It seems that capital preservation is the core of the strategy
@decemberissued@CoinDesk@binance@FTX_Official@NelWang in contrast to YieldApp, capital preservation is at the core of the strategy.
YieldApp, from the start Luna bullish never entered the pair into its platform, nor did it lend users assets to increase the yield YieldApp's offer and avoid all risks associated with unsecured loans
@annengelmary@DocumentingBTC Voyager, Celsius, 3AC can be a lesson on how to business strategy
But don't worry, there are still many CeFIs whose strategy isn't to lend assets to 3rd parties, avoiding all risks associated with unsecured loans, where capital preservation is the core strategy like YieldApp
@hurshey09@wclemente YieldApp is CeFIs that has never put Luna/UST in its platform and also does not lend user assets to 3AC, so they are not exposed to Terra & 3AC radiation
@decemberissued@CoinDesk@binance@FTX_Official@NelWang Right, the time it takes to restore users' assets will not be short, see MTGOX.
The root of the problem was Voyager was exposed to radiation from the collapse of the Terra ecosystem and lent $1 Billion to 3AC, of which 3AC went bankrupt.