vlad slav man🇺🇦

Secret KGB agent | Resident college kid or whatever @rinkraticeclub | Motivational Listener

[FB | ETHGas ⛽ @filipeborgesfb]

new ecosystem on the largest volume network in crypto
project with an active team and a real role excellent graphics and point of purchase
target: $700 approximately 450x

save this post and come back in 2 years
$BSSB
@bssbstable

[AMMX @BitSwap_xyz]

BitSwap Development Update: https://t.co/sUrBzB9mRe

Our dashboard is LIVE! 📊 Now you can view real-time metrics of over $3M USD TVL and volume on BitSwap. Stay updated on the go! 🔍 DAII/USDT pair LP farming now yields 33% APY

We're expanding! BitSwap will soon be operating on additional chains, including @solana

Welcoming @MogCoinEth , the first #Bitcoin -based culture coin, to our platform! 🌟 And there's more to come. Stay tuned for more exciting onboardings.

BTC native AMM, lending and borrowing in the works.

Bitcoin stablecoin $DAII by @bssbstable is making waves! 🌊 With about 500,000 USD volume per day on BitSwap since the $AMMX TGE, we're consistently seeing an increase in volume.

Coming soon: Staking on BitSwap! 💰 Earn protocol revenue by staking with us. Development is in full swing. Stay tuned for more updates!

[OneKey @OneKeyHQ]

Bitcoin Stablecoins Narrative: The Biggest Alpha This Year?
This is crazy: a stablecoin with a market cap of hundreds of billions, yet the number of such stablecoins running on the Bitcoin network is zero.

USDT, previously supported on Omni, moved to other chains. This year, however, there's renewed hope in the Bitcoin ecosystem, and stablecoins might again become the alpha for growth.
Let’s explore.

I. Centralized Stablecoins
The centralized stablecoins maintain their value through fiat currencies (like USD, EUR) as collateral. For every stablecoin issued, an equivalent amount of fiat currency is stored in banks or other financial institutions as backing. They dominate over 90% of the stablecoin market share. Examples: USDT (Tether), USDC, TUSD, etc.

Bitcoin once had these types of stablecoins.
USDT was first issued in 2014 on Bitcoin's @Omni_Layer (MasterCoin). Omni Layer (MasterCoin) used OP_RETURN output to record transaction data.
Unfortunately, due to slow speeds, high transaction fees, and market capture by other chains, Tether gradually ceased support on it.
Subsequently, the community developed @omni_bolt, attempting to revive BTC-based stablecoins through the Lightning Network expansion, but it hasn’t gained much traction so far.

In BTC, the most likely successor seems to be the RGB Protocol from @lnp_bp. This protocol adds smart contract functionality to Bitcoin on the Lightning Network and is a zero-knowledge proof-based state channel protocol, allowing users to conduct privacy-protected transactions off-chain.
Tether's CTO planned to reissue USDT on the Bitcoin RGB protocol (https://t.co/4I2iTY5AlC), stating that “RGB could be a legitimate successor to Omni.”
Currently, the RGB protocol is still in its early stages, the infra experience is not yet perfected, and the integration issues with the Lightning Network are still being resolved, but it remains highly anticipated.

@lightning Labs' Taproot Assets protocol is a strong competitor to the RGB. This protocol also integrates with the Lightning Network, allowing the issuance and management of stablecoins and other digital assets on both Bitcoin and the Lightning Network. The mainnet Alpha version has already been released, and tests integrating it with the Lightning Network will soon follow.
Considering the current attention and voices, USDT is very likely to choose between RGB and Taproot Assets. (Which side are you on?)

II. Overcollateralized Stablecoins
This type of stablecoin typically operates in a decentralized manner, with the value of the collateralized cryptocurrency being higher than the value of the issued stablecoin, to counteract the volatility of cryptocurrencies. For example, MakerDAO's DAI is supported by Ethereum as collateral.

Bitcoin had a similar attempt in 2014 — BitUSD. It was issued by Dan Larimer and Charles Hoskinson on Bitshare, the first decentralized stablecoin, overcollateralizing its native token BTS at a 2:1 ratio to issue bitusd. Its mechanism seems rudimentary now (it was an era without oracles), and it ultimately depegged in 2018.

@Stacks — an L2 BTC smart contract layer born in 2013, later developed stablecoin protocols like Arkadiko Protocol. Users can overcollateralize assets like STX, xBTC, and ALEX to mint the stablecoin USDA. Moreover, it's notable for being the first public fundraising project to receive U.S. SEC compliance certification in 2019, giving it a narrative of regulatory compliance.
Recent new projects like @bssbstable, @BitRGBGlobal , @bitsmiley_labs, and others are exploring BTC overcollateralized stablecoins. It’s a competitive field, and it remains to be seen which stablecoin will become the BTC equivalent of DAI.

III. Algorithmic Stablecoins
These are stablecoins that do not rely on any physical assets but maintain price stability through algorithms (mathematical formulas and incentive mechanisms), issuing stablecoins valued at 1 USD with volatile assets valued at 1 USD.
Examples: LUNA, AMPL, Basis.
Most algorithmic stablecoins are controversial, mainly due to their unsustainable Ponzi mechanisms. After Luna's collapse, algorithmic stablecoins suffered a significant loss of trust and are even considered “disproven,” leading to a 90% decline in market value.

Currently, there are no pure algorithmic stablecoins like UST in the market. Whether new developments in the BTC ecosystem will bring different types of algorithmic stablecoins remains to be seen.

IV. Looking Forward
The momentum of stablecoins represent the direction of liquidity. The massive USD inflation during Covid in 2020 spurred the issuance of centralized fiat stablecoins. USDT's shift from Omni to Ethereum's ERC-20 indirectly, or even directly, kickstarted the Defi Summer.
Perhaps this summer, with the issuance of USDT in the Bitcoin ecosystem, we might see a different, Bitcoin-ecosystem-specific “XX Summer.”
What do you think?
💚Like, share, and feel free to leave your thoughts and Alpha in the comments.

[𝓚𝖎𝖓𝖌 𝖔𝖋 𝖘𝖆𝖑𝖙 @Ringofsaltt]

Bssb might be ridiculously undervalued here. it's currently the only stable coin on Bitcoin,strong narrative strong fundamentals, $BSSB is essential the Maker Dao of the bitcoin network, if it reached makers current valuation that's a clean 80x if it reached makers ath market cap that would be a 240X. Bitcoin just got the ETF, I expect BRC-20s to do well.

The team will be burning BSSB periodically with part of the fees accrued from the protocol

[𝓚𝖎𝖓𝖌 𝖔𝖋 𝖘𝖆𝖑𝖙 @Ringofsaltt]

$Bssb

TVL is higher than the current market cap. Mubi staking went from 14% to 7% today.

THIS IS THE ONLY STABLE COIN IN THE BRC20 ECHOSYSTEM

It's basically the maker dao of BTC. We are roughly 300x from makers ath.
New announcements from the team almost daily, not to mention the burn hasn't even happened.
They will buy and burn bssb with a percentage of the protocol funds.
I think this thing is ready to send as long as majors cooperate

[Alex Banks @thealexbanks]

The 10 best AI businesses to start with ChatGPT right now:

[Matt @themattmic]

ChatGPT is truly groundbreaking AI technology.

But 99% of people don't know how to harness its full potential.

Here's 10 incredible ways ChatGPT can 10x your productivity in 2023:

[vlad slav man🇺🇦 @parabolicslav]

@CheepyPeepee It’s been great

[vlad slav man🇺🇦 @parabolicslav]

@RyMC25 5 am shower thoughts

[vlad slav man🇺🇦 @parabolicslav]

Thinking about pyramid schemes… isn’t every organization ever in the history of humanity a pyramid scheme?

[Brian Bourque @bbourque]

Great managers are masters at:

• Interviewing
• Negotiation
• Leading
• Delegating
• Learning

5 killer threads to get you started:

[Mike Shaw @MikeShaw516]

@rinkraticeclub @DonLagreca @NHLBarryMelrose @HDumpty39 Rockin’ my new Rink Rats jersey!
#rinkraticeclub

[vlad slav man🇺🇦 @parabolicslav]

@GlennLaFaye @VitalikPumps My goodness

[Chase Priskie @priskie4]

We had a tremendous group of players out there! Big thanks to @rinkraticeclub for sponsoring the event, as well as @QU_MIH & @DanburyHatTrick players for coming out to help!

[Justin DeVellis @DevellisJustin]

Couple weeks before training camp starts, @priskie4 helped teach the next generation of skaters in Danbury! @rinkraticeclub @QU_MIH @QUAthletics @BuffaloSabres @News12CT @N12Sports @BFortunato5x5 @DanburyHatTrick 🏒🥅

[Aron Pinkussohn @AronPinks]

@rinkraticeclub @priskie4

[Colleen Pequegnat @ColleenPequegn]

@rinkraticeclub

[Aron Pinkussohn @AronPinks]

@rinkraticeclub

[vlad slav man🇺🇦 @parabolicslav]

Thank you to everyone who came out!

It was a pleasure meeting our fellow Rink Rats.

[vlad slav man🇺🇦 @parabolicslav]

@rinkraticeclub Let’s get to work boys & girls 🔥🔥