what's happening to Terra is apparently a coordinated attack with very powerful people behind it.
it saddens me to see the majority of CT is in popcorn mode
@greentexts_bot
99% Americans are fat and dumb
1% Americans are not and they make 99% of the impact on sports, academics, etc.
Numbers aren't accurate but should get the point across
life is weird. i must have spent more time staring at a price chart in the last 3 days than in the previous 2 years combined, and it’s the chart of a stablecoin
Juno prop 16 is, as far as i know, the first case where an L1 blockchain community collectively decides to confiscate a person's wealth due to violation of social contract. this could be in history books
Terra is dead but its code base (Station, Shuttle, wallet-provider, Mantlemint, Terrain, LocalTerra, CWScript, smart contracts and webapps...) will live on and be used by many other projects
this is why we open source
I was browsing Aave’s gov forum and saw this post by
@wormholecrypto
on listing $UST:
posted 2 days ago and there has been ZERO response or discussion
after some digging, I found this be already the 3rd try to list $UST. can we get this passed this time?
all these madness probably won't happen if Anchor rate was not 20%, but smth like 4%
UST market cap would be much lower. Luna wouldn't have gone to $130. we won't be able to laugh at Maker folks
but we will have more organic growth instead of a big bubble blown up by leverage
Crypto &
#DeFi
has absolutely destroyed my productivity at work. Spending all my time checking Twitter and
@coingecko
. Everything else feels painfully boring.
Desire to quit day job gets stronger everyday.
Anyone feels the same?
Today is my last day at
@Delphi_Digital
. I'm leaving to start my own project (to be announced separately)
The 2.5 years at Delphi has been life changing. I got to meet people, learn skills, and discover opportunities that I otherwise wouldn't have the chance to.
I'd like to
Introducing: 𝗙𝗶𝗲𝗹𝗱𝘀 𝗼𝗳 𝗠𝗮𝗿𝘀
A suite of leveraged yield farming strategies utilizing
@mars_protocol
liquidity
In this thread 🧵 I present a preview of the protocol, covering:
- how it works
- risks
- potential future updates
@tulpapilled
Show us 100 randomly sampled people in various age, gender, and ethnic groups who "smoked 2 packs a day and drink at every meal" then we will make a judgement
1/ I started coding on top of
@CosmWasm
, the smart contract engine of Cosmos chains, about 1.5 months ago.
The more I work with it, the more I feel it is superior compared to Ethereum's EVM.
This is IMO the most "few understand" fact of the crypto space.
so basically, Binance Bridge (BNB Beacon Chain <> Smart Chain) uses ICS-20 for token transfers, but on the BSC side, instead of ibc-go it uses a custom precompile contract for packet verification, which contains a bug
to some extend, you can say the IBC protocol got exploited
Thank you for the replies! Here's a summary:
- Normie friends / relatives / your Uber driver asking about crypto
- Coinbase app topping App Store
- Institutions (e.g. Goldman Sachs) buying or setting up crypto trading desks
- New instruments (CME Futures, Futures ETF)
- High…
@DaltonDEmery
One interesting fact is at locations like this, the closest humans to you are the astronauts onboard the international space station, which is about 400 km away, while the closest earth dwellers are thousands of miles away.
i'm gonna build my own staking derivative token that supports the community validators who are truly contributing to Terra ecocsystem
screw the VC and institution protocols
creating github repo rn
stay tuned
once we restore the peg, we should steer Terra back to its original purpose: an uncensorable money, providing financial services to the unbanked
not those degen ponzi bullshit
throw our ego into trash and head down building
Eth2 limiting each validator to 32 ETH is such a brilliant marketing move
Makes the unsofisticated fanboys believe it has hundreds of thousands of independent validators, much more decentralized than others
While in reality around 10-20 powerful institutions control the network
few understand that unless
@terra_money
enables CosmWasm IBC, all these CW20 tokens like $ASTRO $MARS $ANC $aUST are forever stuck on Terra and not transferrable by IBC
how the top-50 DeFi protocols by TVL on Jan 1, 2021 have performed through this year, according to
@DefiLlama
"start" = Jan 1, 2021
"end" = today
TVLs are in $ETH
@LibertyCappy
Not true for the Chinese. The young generation are mostly commie sympathizers and ultra nationalists. Many have not even heard of the Tiananmen square massacre
Last week, I quit my job to go full time on my side project. I'm pleased to share what it is!
CWD or Cosmos Wasm Daemon, is an execution environment for blockchains
Firstly, what do we mean by "execution environment"?
Roughly speaking, a blockchain consists of two layers,…
If we compare blockchains to computers
Solana's scaling solution is to make the computer faster
Ethereum's solution (rollup) is to make software more efficient & take less computing resources
Cosmos' solution is to simply make more computers
1/ OK, now that I have a better understanding of $MIM, let me explain it for you.
$MIM is a leveraged yield farming protocol disguised as a stablecoin.
Out of curiosity, I wrote a script to find out which tokens will be red-flagged by this criterion
Turns out in the last 90d, only 1 *out*performed ETH by more than 50%: $SUSHI
Only 6 other pulled a 3x: $SNX $RUNE $RSR $AAVE $CREAM $HEGIC
16 are red-flagged. See for yourselves
Top-20 stablecoins: average deviations from peg price over the last 24 hrs
Impressive performance $DAI and $UST
*Celo was incorrectly labeled as centralized in the previous post
The bearish case for $LUNA is that both of its two major apps,
@mirror_protocol
and
@anchor_protocol
, are heavily relied on token incentivization, to the extent that I think they may not even work once token emission is significantly reduced.
1/n
If Ethena’s strategy is delta neutral, why aren’t hedge funds already doing it?
If HFs put much capital into doing it, yield should go down instead of being at 20+%
Either HFs know something about the strategy’s risk that we don’t, or our market is highly inefficient
I’m thinking about doing weekly ‘live code review’ sessions about
@mars_protocol
, where a developer goes over the code of a section of the protocol and explain how it works
Participants can learn about the protocol, about smart contract programming, and help spotting bugs
this mistake costed my dearly. lost ~$100K from it which is about the last thing i could have salvaged from my Terra stack
the only liquid assets i have left are a small amount of fiat in the bank and my $OSMO delegations
1/ Let's discuss Synthetix
Over the last 30 days, Synthetix executed 2,882 trades.
On the other hand, Mirror Protocol carried out 26,162 transactions in the past 24 hrs alone.
Source:
$MIR holders, vote NO on
#177
(the scam) but also take time to vote on
#178
and
#179
the proposers deposited $MIR to create these polls to warn us about the scam. if they don't reach quorum, the proposers don't get their deposit back.
stop posting ‘Terra flips BSC in TVL’ lol
it flips because
@DefiLlama
double counts Terraswap and Astroport TVLs rn
when liquidity is migrated in 1.5 days, we likely will drop back to 3rd
if i am a VC, this repo is an instant red flag. it shows the devs are either lazy or simply don't care
but i guess this doesn't stop retails from buying because "wagmi frog nation" 😂
1/ how good is
@anchor_protocol
for financing real-world purchases? a short study
assume you want to buy a $30,000 car
let's first see what you can get from TradFi, and use that as a benchmark