An #ScPrimeCloud community member simply asked #gpt4o to analyse the following table. The table combines both the Mcap of $SCP and $D2X for @ScPrimeCloud. For those who don’t know ScPrime: #DistributedDatacenter (@xnscloud) smart contract based object storage platform
Introducing Stablepools: supercharging stable asset trading on Polkadot!
What are Stablepools?
Stablepools are an AMM model specially crafted for pegged assets like DAI/ USDT/ USDC, and synthetic assets like WBTC/ iBTC. They were pioneered by Curve on Ethereum and are now on Polkadot via HydraDX. Their mission? To maximise efficiency of trades between these closely correlated assets
Trades on conventional AMMs (e.g. XYK) face higher levels of slippage & capital inefficiency because their algorithms aren't optimized for minimal fluctuation assets. HydraDX Stablepools fill this gap
What’s the secret sauce? The amplification coefficient. It fine-tunes the trading curve for correlated assets, balancing efficiency and stability, ensuring low slippage and high capital efficiency
Stablepools - as with Omnipool - allow liquidity providers to contribute using just one asset, significantly reducing complexity and focusing risk. Liquidity providers can choose to provide liquidity only to Stablepools - or they can seek additional fees by placing their LP shares into the Omnipool
Placing Stablepool shares into the Omnipool allows for trading between Stablepool and Omnipool assets, thereby offering deeper liquidity for the Omnipool and lower slippage - regardless of whether the assets are directly inside the Omnipool
HydraDX currently features a Stablepool of iBTC/ WBTC, a Stablepool of USDC/ DAI/ USDT/ USDT (native), and a Stablepool of native USDC/ USDT launching imminently
Together with the Omnipool, these Stablepools facilitate unparalleled depth in stablecoin liquidity - ensuring that traders benefit from the best possible price execution
Check out existing Stablepools: https://t.co/8klxkT5pZc
Swap Stablepool assets: https://t.co/tlR1uPXP8D
Provide liquidity to Stablepools: https://t.co/8klxkT5pZc
After listing, we expect to engage the community about SCP on DEX. SCP is permissionlessly mined via ASIC and 5 years w/flat inflation. We'll propose Transporting 50% of the supply to SOL for DEX listings w/intention to use volumes to seek larger CEX lists than we have now
SCP = contract coin, we must purchase for storage contracts unlike other storage DePINs who have granted themselves large % of the contract coin treasury
SPF = yield coin minted by the project for incentivizing Storage Providers
We decentralize where it matters
Update - we expect an SPF pair to begin trading on Solana by end of Jan. There will be an emission schedule/circ supply, we'll work with cmc/gecko to provide coverage. SCP claims will not be v1 on SOL, but should follow quickly. https://t.co/u9K7JtgKdC
🌐With over 120k nodes around the world, the Deeper Network is the leading wired #DePIN project in the world! Since 2018, we have been building the infrastructure for #Web3, allowing users to become owners of their bandwidth, IP and other Web3 services provided to real users.🔐
Got a NFT for being an early adopter with Deeper Networks? You can burn this NFT to get some extra credit score. NFT's were given to early Genesis node adopters, supporters and Moderators.
Video: https://t.co/sPPUq5cAWn
@helloericma@deeper_network#deepernetwork#privacy
I Just joined the Whitelist for $Flex #Flexmeme
The world's first #Ai shapeshifting #Meme token on #ETH
Twitter: @executelaunch
TG: https://t.co/nEMA8xE3ub
$btc $eth $bnb $matic $sol $avax $pls $doge $shib #shibarium#dc $xen #xen $xrp $lunc https://t.co/vk5RKtkdc3
One project that I have a lot of faith in is @deeper_network. They are on top on the #Web3 tech industry.
Currently yield farming the s*** out of $DPR.
We have reached another milestone! 2500 total node minters! 🙌
Don't forget, our mint-a-node
contest ends in 4 days. Mint now for a chance to win a free node! 👀
Thank you all for the support so far!!
$CUBO
@ThePossessedNFT Possessed Lab Assistant Log:
Day 5:The latest test subject gives me the creeps. Was the dosage too high?
Day 6:Half the team are scared of him
Day 7:Its like he’s 2 people. Will check dose
Day 8:Vials full;not administered. This makes no sense
Day 9:feelINg StrANgE
#pssssdstory