Reckamech

Mo money, Mo money, Mo money. Strictly business. #TokenEconomy $XRP $FLR $XDC $RLUSD. Ripple and Flare are the future.

[🇺🇸 HWD Sports/BlackPolitics/Controversy @hwd_sports]

Memorial Day is Black American Culture:
Let the lie die, that Black Americans never showed gratitude for the soldiers that helped fight for our freedom. We showed more than the military. Then gave u a Memorial Day. You’re welcome.🇺🇸

[Reckamech @reckamech]

@Coining203 Look who is back 👍🏾

[Soil @soil_farm]

Less than 24 hours.

XRP Yield Vaults go live on XRPL.
5% fixed APY. Locked through June.

No KYC = no access.
Get verified now → https://t.co/8V5DoStKLf

[Wietse Wind - 🪝🛠 Xaman® + XRPL + Xahau @WietseWind]

Looking at you 👀 @EvernodeXRPL

[Ripple @Ripple]

This is a meaningful step toward 24/7 global financial markets.

By combining the XRP Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow.

[Mastercard @Mastercard]

Today, Mastercard, @OndoFinance, Kinexys by @JPMorgan, and @Ripple successfully completed a landmark transaction connecting a public blockchain with interbank settlement rails.

Together, we’re laying the groundwork for 24/7 global markets that never close.

[Krippenreiter @krippenreiter]

David just deposited XRP and FUZZY tokens into the XRPL AMM. 😀

For this he used "doublesided deposit" to put funds into the AMM pool in equal dollar amounts, so that he doesn't have to start with a loss, which is great.

~$2800 worth of assets now added to the pool to help with liquidity needs.

The APR of this specific pool is currently sitting at ~16%. 😅

In case the price of FUZZY/XRP would increase, David "could" single-side withdraw at a later point in time and get out more XRP than he had initially put into the pool.

In case he withdraws at a later point in time and assuming he was able to offset his impermanent loss by the yield he accrued over time, he may even earn a return as well.

Cool to see. Good luck David! 😉

[Reckamech @reckamech]

@UpholdInc Thanks 👍🏾

[Yellow @Yellow]

Is XRP set to become a global reserve currency? Yellow's Steven Zeiler thinks so - and he's speaking at XRP Las Vegas, which begins tomorrow.

[Reckamech @reckamech]

@TXMCtrades @rumiiihere And she has an infectious smile.

[Reckamech @reckamech]

@tak_twitt @BlackMediaHub @AfricanArchives Good catch 👍🏾

[Reckamech @reckamech]

@blockchainchick Thanks for the rundown 👍🏾

[Heidi @blockchainchick]

$290M just EVAPORATED from DeFi and most people have no idea what actually happened.

Step 1: attacker exploits KelpDAO's LayerZero bridge. Mints 116,500 rsETH out of thin air.

Step 2: deposits the unbacked rsETH on Aave V3 as collateral.

Step 3: borrows $236M in WETH against it.

Step 4: rsETH loses its peg. Positions become unliquidatable. Protocol is left holding the bag.

Now watch what's happening everywhere else.

ETH pool: 100% utilization. Lenders can't withdraw.
USDC pool: 100% utilization.
USDT pool: 100% utilization.

Why? Because everyone with rsETH exposure is scrambling. They're borrowing stables against whatever healthy collateral they have left, rotating out of ETH exposure, prepping to repay loans before liquidation cascades hit.

It's a bank run in reverse. Draw down the credit line before the pool freezes.

Aave has options. The Umbrella backstop can absorb the deficit. Governance can vote to socialise losses across suppliers. The DAO treasury can cover part of the shortfall. Recovery negotiations with the attacker are on the table. None of these are fun, but the protocol has been here before and survived.

This is the cost of DeFi composability. One bridge breaks, and the shockwave moves through every protocol that whitelisted the asset. No circuit breakers. No grace period. No committee to call.

That's the tradeoff. Permissionless markets mean permissionless risk.

Know what you're holding. Know what it's backed by. Know what happens when it isn't.

[Reckamech @reckamech]

@HaileyLennonBTC When will the actual purchase happen or be approved is the real question.

[Reckamech @reckamech]

@TXMCtrades Loved that movie.

[Reckamech @reckamech]

@vincent_vancode @coinbureau LMAO!!!!

[Reckamech @reckamech]

@HammerToe @kwok_phil @Dan_Fisher_XRP LMAO!!!!!

[Reckamech @reckamech]

@ChartNerdTA How much did they pay you to post this garbage? This has nothing to do with charts.

[Reckamech @reckamech]

@CarmelleCadet USDC or RLUSD?

[Reckamech @reckamech]

@BlackMediaHub @AfricanArchives Saturday Love