Man for the biggest, baddest, boldest Dapps out there – breaking the centralized Interwebz!
Is Swerve coin hard-pegged to a stable coin? It is not clear.
No, the token is a governance token for the Swerve protocol. The Swerve protocol is a stablecoin DEX, it charges fees for stablecoin swaps done by users of Swerve. Some of those fees go to the treasury, which is administered by the holders. The value of is not pegged to anything.
I second you here. Plus, you're way too excited about it, I sense the good vibes.
The team mentions that they were building the oracles for a derivatives exchange, and that once they were done, they knew they had "something special" and decided to go with the oracles than with the derivatives exchange.
Competing with $LINK as the market stands today is a tough one, although ...
Are you talking about the crazy pools with up to 493% APY or just "normal pools"? LOL
That was only temporary their pool is now under 10%. So Swerve decided to distribute 30% of the whole supply in the first two weeks of the project's life, followed by another 30% for the rest of the first year. Naturally, a lot of opportunistic farmers just came for two weeks and dumped the on the other plebes, causing a "death spiral" that seems to be still haunting the project today.
How is the project really benefit form Solana? Speed/Scalability? Does really faces these issues?
Honestly, all the so-called killers have promised speed and scalability yet all the huge pull remains functional in Ethereum . Network effects are difficult to surmount. I am not sure Solana will end up being much more than another Binance Smart Chain.
I love the article on the Rise of sUSD , it makes a powerful case for adoption, which is great, and I understand why that token would be the darling of Synthetix besides itself.
It's true it is a hindrance but I doubt Synthetix is stopping. They have a very active community. Check their latest community call in September to see what's happening there.
Well, they have a liquidity mining program for the .
Yes, SUKU published a doc with their Liquidity Mining terms & conditions . However, it is slightly unconventional, with the docs saying it is on Uniswap but then it redirects to SUKUSwap – which seems like a custom Uniswap UI .
Serum is built as a collaboration between FTX, the centralized derivatives exchange, and the Solana blockchain, which is also financed by Alameda Research, FTX's holding company.
This guy has a blog, he essentially writes about all the ways you can lose money on Crypto, (blog is called rekt). He opened my eyes when he dedicated a whole entry to SBF and Blue Kirby
. Sort of telling he puts side-by-side a well-known anon scammer with someone who is basically portrayed as a very hardworking young CEO, albeit one who doesn't shy from the spotlight and for whom the community has built a certain distrust.
For security concerns and convenience, people lean towards a certain Bitcoin-on-Ethereum solution over another.
Well, with you can earn more if you're planning on holding.
A few months ago, a controversial article written by a Ren competitior detailed a number of security concerns in other protocols. Naming BitGo and Ren in specific.
There will be an explosion of bridges and cross-chain liquidity protocols. So these questions are important. Maybe someone from Ren can come to give an answer to your question.
The team may be having something on the works but may first be waiting to see in which protocol do their cross-chain assets become more used as they are also in EOS , for example.
Check out pNetwork right here on Holdex.
Jeez, that's quite the video collection. Videos are great to learn, not so great when you just watch to search a quick data point for analysis.
Was it in the $PICKLE chat? I might have seen that too.
Yeah, think NexusMutual wouldn't cover the $FARM snafu, even as an individual. The smart contracts were just poorly designed.
Monolith is essentially a smart-contract wallet. And yes, you are right, there is not other one at the moment that can also offer a card attached to it.
It's funny I think Crypto.com is based in Asia – but not sure if from every Asian jurisdiction you can get the card, etc. It's not self-custodian, I believe. I think you also have to hold quite a lot of to get it.
Well, they offer yield for holders. That explains Ripple 😝.
Hmm sounds about right.
Well, it wouldn't be the first time there's a Chinese version of another blockchain project – take a look at NEO . However, it does seem like even though it may be easier to succeed in China by presenting a project as a Chinese-centric venture, it is harder to succeed in the long-term with the same approach. After all, the world is bigger than China.
You need more waifu in your lifu.
They have a little more information on Reddit but I also didn't really see an answer to your question. Would be great if they could host an AMA and then we can keep the answers for posterity.
Great idea, host it here!
So smart that I can not even understand what you are saying... Is it just me? 🤷🏻♂️
This means some people borrow and go yield farm elsewhere, so a lot of TVL comes from borrowed funds. If one of the big collaterals comes crashing down, then those other DeFi projects will come crashing down hard.
They should just bring NomiChef back. Look at how many projects have forked MasterChef. Unless .... NomiChef is ... 🤯
What started as PlutusDeFi has now materialized as ADD.xyz! Nice rebranding and re-launch in search of product-market fit.
This is a clever idea, other projects from the ICO days have discussed issuing governance tokens, check out SelfKey .
Serum is built as a collaboration between FTX, the centralized derivatives exchange, and the Solana blockchain, which is also financed by Alameda Research, FTX's holding company.
How'd it go?
The team mentions that they were building the oracles for a derivatives exchange, and that once they were done, they knew they had "something special" and decided to go with the oracles than with the derivatives exchange.
It seems as if is minted via liquidity mining. I would have thought intuitively that in order to fulfill the PowerPool mission, would be minted when other governance tokens (GTs, as they're called in PowerPool) are provided to the protocol. Kind of like a token set.
My brain has been beaming with emotion since I found about you guys. Perhaps that's why I have this dumb question ...
The backers on this project are the who's who of Crypto investors. But the rank is still lowish – maybe the market cap data isn't there yet.
