An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.
Here's everything you need to know.
The $UST Depeg Thread:
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I've spent a lot of time looking for and experimenting with different research & tracking tools in Crypto / DeFi to find an edge.
🧰 🛠️ 33 Useful Tools 🛠️ 🧰
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[1/x] 👇 🧵
🧵I have to share this with you! @PlannerDAO#Crossroads22
I had such a huge revelation when I attended the PlannerDAO conference in Kansas City here in April 2022.
Since everyone is asking about the risks of leveraged stETH-ETH position on @AaveAave (10% APY), even Cobie is wondering what could potentially go wrong with this strategy, I will explain my views on the sustainability and risks involved.
@cobie you might want to see this.
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What came before the 2021 NFT boom?
Some NFTs will hold their value, while many will go to zero
Those with historical significance will become timeless, particularly with blockchain immutability on their side
It’s important to remember the story before 2021🧵👇
NFA
Coinbase NFT and ENS are about to completely flip the script.
I found recent smart contract deployments with some crazy details.
L2 + counterfactual wallet season is here... (1/x) 🥐
1/ Introducing OM
Buckle up, this is going to be long, but fun.
If you are new to long tweetstorms, you have to click “show replies” every 30th tweet to see the rest
No, Ethereum the protocol is not centralized because Infura the centralized infrastructure provider decided to block certain countries from its service.
Run your own node, use alternative RPCs like Alchemy, use a non-MetaMask wallet or work to help make light clients a reality.
1/ There are no other constitutional rights in substance without freedom to transact
Being meaning to write this for 6 months, but the Canadian response to the trucker protests is illustrating this so vividly, that today is the day.
@dcfgod Let’s start making 2 wrappers : wrappedVECRV and wrappedstCVX . Both borrow for free. But give us voting power. Than turn profits into emissions to wrapper-asset pool ( one can be done as a 3pool against CRV ) and voted with double incentive MIM - CRV .