The most exciting and widespread use case for #crypto, the blockchain, and #defi are stablecoins. The ability to transfer and trade between non volatile assets can't be understated.
@rektdiomedes gives a run down of the numerous stablecoins our there:
Founder of Keyfi and Head of #Defi strategies @CelsiusNetwork, Jason Stone @0x_b1, who managed billions for the crypto lender, sued the company last week alleging it operated as a Ponzi scheme.
People are still trying to decipher the full story of what went down with @CelsiusNetwork and the current state of the troubled #crypto lender's balance sheet.
Using on-chain and off-chain data, @ArkhamIntel paints a picture of Celsius' activity:
There is an emerging story in #crypto where participation remains low and recovery distant because of large and opaque off-chain liquidations looming for stressed #CeFi firms.
@CumberlandSays explains how this shows #DeFi is fulfilling its promise:
Everyone in #DeFi LOVES a good #airdrop. If you're lucky or play the airdrop game well you can qualify for very generous rewards sometimes valued at thousands of dollars.
@0xPrismatic explores a few recent #NFT airdrops worth keeping an eye on:
Financing pre-profit DAO activity and bootstrapping early adoption is a challenge for anyone and often puts immense pressure on a DAOs token used to incentivize users.
@Delphi_Digital explains how a new DAO can avoid the most common pitfalls:
Designing sustainable tokenomics that solve collective problems is the single most important task of any new protocol. A project can thrive or die depending on whether participant rewards are aligned with value creation.
"Not your keys, not your #crypto" is the motto all #DeFi degens eventually come to live by. All it takes is one bad experience with a CEX. But what do CEXs actually do when you transfer them tokens?
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A 🧵of the best🧵's from #cryptotwitter last week. July 4th - 10th 2022.
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The big rumor circulating among #bitcoin maxis last week was that the Saudi royal family bought the dip on #btc.
While likely exaggerated hopium to soothe bear market pains, @stackhodler explains why there might be more to the speculation than memes:
The final bottoming signal on #Bitcoin that I and many others are looking out for is a capitulation event among the large #btc mining companies.
@SethSteiman explains the current state of miners and the early signs of the debt crisis facing them:
The most exciting and widespread use case for #crypto, the blockchain, and #defi are stablecoins. The ability to transfer and trade between non volatile assets can't be understated.
@rektdiomedes gives a run down of the numerous stablecoins our there:
Founder of Keyfi and Head of #Defi strategies @CelsiusNetwork, Jason Stone @0x_b1, who managed billions for the crypto lender, sued the company last week alleging it operated as a Ponzi scheme.
He explains in his own words:
For more information on the lawsuit filed against @CelsiusNetwork, @coryklippsten wrote a detailed 49-tweet 🧵diving into the most important parts:
Many believe Tokenized Real-World Assets (RWAs) will be the next big use case to scale globally bringing #Defi to the masses.
@ChainLinkGod gives his thoughts on the opportunities and challenges to getting RWAs on-chain:
People are still trying to decipher the full story of what went down with @CelsiusNetwork and the current state of the troubled #crypto lender's balance sheet.
Using on-chain and off-chain data, @ArkhamIntel paints a picture of Celsius' activity:
Does the Celsius saga point to a hard truth that #crypto's "bearer asset ecosystem," where possession alone is sufficient, is toxic to retail?
@coloradotravis explains the bonkers reality of customers making unsecured #btc loans to @CelsiusNetwork:
There is an emerging story in #crypto where participation remains low and recovery distant because of large and opaque off-chain liquidations looming for stressed #CeFi firms.
@CumberlandSays explains how this shows #DeFi is fulfilling its promise:
Behind some of the largest cyber hacks in history, North Korea now has its eyes set on #crypto exploiting two bridges for $725m in stolen funds.
@thedefiedge tells the wild story of how one of the poorest nations developed an elite army of hackers:
#Crypto lender and broker, Voyager Digital @investvoyager, filed for bankruptcy last week.
@0xHamz wades into the juicy and previously undisclosed information revealed in the 141-page filing:
Staying on top of important stats and emerging trends in #DeFi is hard.
@Dynamo_Patrick weekly 🧵on notable stats makes things easy:
Everyone in #DeFi LOVES a good #airdrop. If you're lucky or play the airdrop game well you can qualify for very generous rewards sometimes valued at thousands of dollars.
@0xPrismatic explores a few recent #NFT airdrops worth keeping an eye on:
Decentralized options protocol @dopex_io has become the latest battleground as the Curve Wars mover over to #Eth L2, @arbitrum.
@SalomonCrypto did the homework for you and put together an awesome study guide covering everything you should know:
#CryptoWinter has unsurprisingly seen a steep drop in lending activity, however, this decline has not affected all individuals and protocols the same.
@Saypien_ looks at the user metric data and finds @compoundfinance lagging behind its competition:
Looking beyond user metrics, @MessariCrypto summarizes a report by @SeanButta looking at @compoundfinance's Q2 and roadmap moving forward.
Biggest takeaway: increased liquidations allowed Compound's net income to grow 11% despite declining finances.
Financing pre-profit DAO activity and bootstrapping early adoption is a challenge for anyone and often puts immense pressure on a DAOs token used to incentivize users.
@Delphi_Digital explains how a new DAO can avoid the most common pitfalls:
Designing sustainable tokenomics that solve collective problems is the single most important task of any new protocol. A project can thrive or die depending on whether participant rewards are aligned with value creation.
@jump_ takes a look:
"Not your keys, not your #crypto" is the motto all #DeFi degens eventually come to live by. All it takes is one bad experience with a CEX. But what do CEXs actually do when you transfer them tokens?
@Brett_FTX, President of @FTX_Official, explains:
While an abundance in things typically equates to wealth, there is one thing you should always want to remain scarce: money.
Scarcity in money incentivizes abundance in other things, while abundant money does the opposite.
@anilsaidso explains: