Techkno

Tech

[Moonwell @MoonwellDeFi]

Moonwell is now one of the top dapps in @CoinbaseWallet, right alongside our friends @aeroxyz ✈️

There has never been a better time to get started on @Base 🌜🔵🌛

[DAOnToEarth @DAOnToEarth]

Time to get ready to take part in the Moonwell Community PINK campaign.
Steps to participate:
1. Follow @MoonwellDeFi
2. Like AND Share this Tweet
10 winners will be selected from those that have completed the above tasks by Apr. 11 and will split the first pool of 100k $PINK
1/2

[David Seroy 🏔️ @david_seroy]

This is my understanding of the broad macro situation. Any macro bros (or gals) want to correct me, that would be greatly appreciated!

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The crux of issue is the global system is dependent on constantly rolling or re-financing debt. “A rolling loan never goes bad” is the expression. For decades rates have only ever gone down, so this system worked at constantly refinancing out of capital issues. However, the pre-requisites to roll debt is:

1) Sufficient Liquidity
2) Good Collateral
3) Normalized Yield Curve.

1) Liquidity: The Fed can inject liquidity into the system with things like QE, the BTFP program and swap lines.

2) Collateral: Entities use US Treasuries as collateral to borrow against since treasuries are widely seen as the most ‘pristine collateral’ as it’s a direct liability to the US Government.

3) Yield Curve: You need an ‘upward sloping yield curve’—meaning short term rates are lower than long term. This is because banks borrow short and lend long. Meaning they need interest rates short term to be less than long term, otherwise it’s not profitable to lend. This is why inverted yield curves break the system. It makes lending not profitable for the banks.

To recap, banks will lend liquidity (1) against good collateral (2) if it's profitable (3).

This issue now is we’ve pinned ourselves into a corner. In order to quell inflation the Fed raised the front end of the yield curve, meaning short term interest rates start moving above the long term rates. This screws over (3) above by causing yield curve inversions.

Further, one of the ways the Fed enforces the lower bound on interest rates is by offering interest rates in Reverse Repo (aka money markets), which is effectively a risk free yield. So, this RRP takes in liquidity in, which now is unavailable to refinance debt. This screws over (1), draining liquidity from the system.

Lastly, the system ‘rehypothecates’ collateral sometimes as much as 30X. Meaning, entities pledge the same US Treasury as collateral to multiple lenders with no one the wiser. It’s like fractional reserve collateral. It would be like having 30 lenders all thinking they have first lien position on a house. This means the system is perpetually short collateral which causes long term interest rates to stay low (constant bid for collateral), contributing to further yield curve inversions (3) and creating general instability around the collateral backing lending (2).

If the system cannot roll over it’s debt, we risk crisis. From my naïve perspective it seems the Fed will need to increase liquidity, plus lower interest rates on the front end of the curve (to reverse inversion), plus the US Treasury will need to issue A LOT more Treasuries and therefore debt so the system has collateral.

At this point in the debt cycle you seemingly are left with the only option to devalue your ‘equity’ in the country, which is the currency.

[Techkno @techknowo]

@bryanRichards74 @CoinbarOfficial @DigitalBitsOrg Deposits are enabled, just not clear on how the swap is performed

[Crypto Briefing @Crypto_Briefing]

The report also argued against using blockchains for stablecoins because smart contracts could create “misalignment between legal (settlement) finality and technical settlement.”

https://t.co/pBRGbz95jE

[Whale Alert @whale_alert]

🚨 🚨 8,185 #ETH (23,654,752 USD) transferred from unknown wallet to #Binance

https://t.co/CgnxmD93PV

[Techkno @techknowo]

@Crypt0mane Sorry to hear that. Learn from this experience and you will bounce back from this. You got this

[999 London @999London]

#Newham
BREAKING: A murder investigation has been launched after a teenager was stabbed to death in broad daylight.

Met Police say they were called at 3:20pm to #Stratford Broadway, #E15.

The teenager was pronounced dead on scene.

[tehMoonwalkeR @tehMoonwalkeR]

Time is the most valuable asset yet the system demands you to give it up completely to mostly do boring useless and irrelevant jobs

Invest in urself is the only way to escape the cycle

$crypto 4 life

[Alex Eccleston @AventuraObscura]

A rat broke into an ATM, shredded $18000 and then died.

Thereby creating the single greatest work of satirical performance art this millennium.

[Techkno @techknowo]

@HabitatUK @habitatuk let me understand this you are operating under the name Habitat using the Habitat brand but I am not allowed to use Habitat Vouchers in a Habitat Store 🤔 I worked for Habitat for 5 years and I have been a loyal customer lets figure out a way to resolve this matter

[Techkno @techknowo]

So I have been informed by @Habitatuk that they will not allow me to use their Vouchers which they issued to me after 5 years loyal service working for @HabitatUK

[Techkno @techknowo]

@HabitatUK Please can you help me to resolve this matter as I will be disappointed and frustrated if I am forced to take my custom elsewhere after all these years

[Techkno @techknowo]

This is appalling after working hard to earn these vouchers to now be told they are no longer valid is a disgrace. I have been a loyal customer as well as a loyal ex-employee, and I feel disappointed that all the staff I spoke to were uninterested in finding a resolution.

[Techkno @techknowo]

@TheCryptomist $Dag

[benjamin jorgensen² @BenJorgensen]

Incredible morning to wake up to! Constellation Labs LLC got organically picked up on Forbes about our unique approach to blockchain, interoperability, and our partnership with the USAF! #blockchainforbigdata #dag #blockchain https://t.co/Zpp2kc6gtH

[CryptoSa @1000xMooncoins]

$BOLT

Developments growing fast

1) 80%+ up on 7 days
2) Hisense integration E30 model
3) Rugby World Cup Partnership
4) Olympics Partnerships
5) Co-marketing & cross-promotion with HiSense
6) AMA with founders end of month
7) Expanding production

$BNB $ZIL $BTC $ETH #BOLT

[Blockchain Central @BlockchainYT]

We unpacked @helloiconworld's #ICON network last September and it's time for an update video. 📽️

What are some of the biggest developments to the ICON #ICX ecosystem in the last year that we should cover? 🔗🌎

$ICX #Blockchain

https://t.co/UxHa8RiWlq