Speculation and investing are two approaches to the financial markets, but they are fundamentally different. People talk about crypto as a form of investment, when in fact most of the times we are speculating. I have covered the biggest differences for you.
Time for a 🧵👇🏼
watching the lawyers and bankers eat the remaining value of failed crypto companies instead of returning funds to customers is honestly worse than most of what I saw in 2020/2021
some of the telegrams for trapped customers are heartbreaking
these people are really going through some stuff
Dear Dexible users,
We want to express our sincerest apologies for the events that occurred last Friday. We understand that the exploit caused immense frustration, inconvenience, and loss to our users.
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The Trillion-dollar market DeFi is disrupting that no one is talking about:
Tokenized Corporate Bonds (On-Chain).
The current (notional) value of the bond market is $128 TRILLION
And DeFi is going to AT LEAST 2x it. Here’s 7 reasons why:
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We have gotten reports from 2 users about an attack involving approvals to our v3utils contract. We are investigating and will report further.
We recommend using https://t.co/oJrOO9zjUN for following addresses:
Interesting new Proof of Trade concept w/launch of the $DXBL token. Been a fan of @DexibleApp for a while bc I use it to do algo trading for LSD arbitrages.
Extra incentive to use the app for trading with revenue sharing via their token launch. Worth watching. 👀
8/8 This provides a token valued in line with @DexibleApp volumes, thus its community.
$DXBL will most likely trade on DEXs at or slightly above what it can be redeemed for (NAV) all while rewarding early adopters and incentivizing trading.
#pumpupthevolume#DeFi#ProofOfTrade
BEHOLD! The $DXBL token.
Proof of Work--> Proof of Stake -->Proof of Trade!
Dexible has released a whole new way of minting tokens.
No airdrops. Pure Utility. Value is solely based on protocol volume. Here’s how it works: 🧵👇
7/8 So, what does this do?
Vault asset growth is linear
Supply is variable to volume.
So, $DXBL value is based solely on protocol volumes. As volume increases, the vault grows at the same rate while supply grows at a declining rate, resulting in increased NAV.