The scarcest asset in this world isn't bitcoin, it's BAYC. Supply is programmed to go down by five everyday due to holders being scammed out of their seed phrase.
my wallet was compromised. i'm devastated. somebody took my eth and slowly, over the past 6 months, traded it all little by little for all these worthless nfts. can devs please do something?
UXD(
@UXDProtocol
) is a stablecoin that is decentralized and stable at $1.
Currently on Solana but we will go multichain, starting with
@optimismFND
!
And yes, UXD will be issued natively on Optimism, by integrating with an Optimism native derivative dex:)
Can't believe some of you guys are bearish on crypto in the long run tbh.
People care way too much about macro and monetary policy.
Within 5 years crypto will be a 10 trillion market cap imo
Although I’m naturally biased, I’m pretty confident in saying that Tokyo is in the top 5 cities, maybe no1. Really good food, no lines, 24/7 convenience stores everywhere, and everything is super cheap, including housing.
I’m probably in the minority but I feel dai would have been better if it was only backed by eth and not have usdc as collateral.
Sure it would be more volatile but it will be decentralized, which I think is an acceptable trade off.
It makes me extremely angry when someone says there’s no innovation on
@solana
when
@UXDProtocol
is obviously a new idea that has not been done on Ethereum.
Try to buy a watch from an international dealer. First tried wire transfer but my bank won't do it. Beg the dealer to accept stablecoins and boom, deal done in 2 minutes and fees less than a dollar.
100% confident that stablecoins will disrupt international transfers.
Undercollateralized loans seems to be fundamentally at odds with DeFi since it requires the contract to be enforced by law, which is not compatible with smart contracts.
Or am I missing something?
Start up idea: BaaS(BAYC as a Service)
Teach BAYC owners the basics of private key management, like not sending seed phrases to complete strangers.
Raising 10 mil at 100 mil valuation.
1/So I tweeted yesterday about how providing liquidity in defi exposes you to impermanent loss, which is basically just negative PnL from short gamma. But what is gamma?
1/ The reason composability is so important is because it opens up various ways to innovate by integrating with other defi primitives. For example,
@UXDProtocol
is not possible without a derivative dex that accepts multi collateral(
@mangomarkets
).
I will hire poker pros, esports gamers and university dropouts over mbas and consultants. Drop me a dm if you want to work on a stablecoin built using derivatives.
I am super excited to finally be able to launch UXD mainnet!
Team has been working super hard behind the scenes to ship mainnet in a safe way.
I'm really proud of everyone working at UXD!
1/ UXD protocol is very excited to announce its Mainnet Beta Launch on
@solana
! In our blog post, we will cover what UXD’s Mainnet Beta will entail (including how to participate)
4 years ago I was a serious guy in finance. Wake up at 6:30 AM and go to work at 8AM. Work all day until night.
Now I sit in front of my computer all day and do crypto shit.
Is there a way for a founder to signal to the market that they are in it for the long term?
Being doxxed, vc backed, longer vesting terms come to mind. Anything else?
1/ Thank you everyone for participating in the IDO! We raised a total of $57,086,131 for the insurance fund! The insurance fund is well capitalized to withstand a bear market in funding rates and will increase the utility of UXD. The address of the insurance fund is .
People’s obsession with investors that shorted at the exact top is weird. They only make max 100%( if using delta one products) and most are just lucky.
Bears just seems to be smarter then bulls but bulls make more money.
You can always get a job at a large corporation again, But the early stages of crypto is a one time thing, if you don't get in now, you will def regret it.
Curve wars are interesting. My biggest takeaway is that you want to create a protocol for other protocols. Since protocols are the biggest whales, you want to cater to them.
Mango has perp, spot, and lending markets. Supports multi collateral.
It’s valued at 3 bil fdv.
Dydx is valued around 16 bil fdv with only perp.
You do the math.
I speculate that VCs will never fund undercollateralized algo stablecoin projects anymore.
You have too much downside in terms of reputation, retail will come at you with pitchforks if the stablecoin project fails.