
Alex Lebed | StableUnit π¦ππ¦
@lebed2045
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Decentralization is freedom. @stableunitdao, ex 1inch, Amazon, Facebook, xSigmaDEX, Math degree, dev over $1B smartcontracts
Joined September 2017
Not clicking links is not enough!. One of my developer friends lost all his crypto savings because of a simple `npm install`. According to him, someone approached him on LinkedIn offering a development gig. The task was related to his stack (React), and the person promised good.
This is happening more and more in the space so I wanted to share an anonymized video so others can see how Lazarus and DPRK operates. If you are a founder or builder in the space you've probably gotten those Telegram messages that pretend they're from investors. Be careful! π«‘
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Wondering how many of these new stablecoins will be pausable, freezable, or blacklistable - with governments promising not to abuse that power or freeze your funds at will. Like if you skip the COVID-26 shot or fall behind on a medical bill.
JUST IN: πΊπΈ Treasury Secretary Bessent says crypto stablecoins can lower government borrowing costs and reduce national debt. "A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins. This newfound demand could lower
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@awxjack And this goes beyond just cost. When the recipient gets that lets say stablecoin in EUR, it isn't just money locked in a bank account. It's a programmable asset. They can instantly put it to work to earn yield, use it for automated payroll, or stream payments - all without.
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@awxjack So the FX leg of the transaction- the part that could cost an SME hundreds or thousands in hidden fees - now happens with near-zero cost. Stablecoins effectively take the wholesale FX market, which was once a closed system for banks, and opens it up to anyone with a crypto.
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@awxjack The solution lies in how these stablecoins are created. Protocols using a CDP model (incl @stableunitdao) can mint stablecoins pegged to any currency- USD, EUR, etc. all backed by on-chain collateral. This allows for a synthetic conversion directly within the protocol itself.
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@awxjack The flaw in the "G10 FX is free" argument is that this rate is only for major banks. An SME or individual sending $50k from the US to Europe doesn't pay 0.01%. They pay a hidden 0.5% - 2% retail markup on the exchange rate, plus wire fees. Thatβs a $250-1000 cost, just for the.
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A great thread from @awxjack and he's asking the single most important question. You're right that off-ramp costs are the final hurdle. But the core value of stablecoins isn't competing with the <0.01% interbank rate. Itβs about giving everyone else access to it. [Thread π§΅].
Investors keep asking me about stablecoin, and how that can reduce FX fees; if you send money from USD to EUR, and the receiving end still requires to receive EUR in their bank, I canβt see any ways stablecoin can reduce fees - off ramping from stablecoin to recipient currency.
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RT @stableunitdao: when i first heard about Bitcoin, i was still at uni, it was freezing february and btc was at $0.87, . just 9 months aftβ¦.
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Inspired by @cryptofelon, @DeFiDave22 and others. 2021 (eth $2500) vs 2024 (eth $2500). For me ETH Istanbul was the most memorable, evidently by the hairline.
Inspired somewhat by @cryptofelonβs transformation post. ETHIreland last year vs heading to ETHIreland tonight. You can just do things
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π«π·: another crypto founder get kidnapped. ledger: what if we advertise out customers to wear crypto wallet like a necklace? . so I made simple tutorial how to improve opsec with ledger nano to stay safe. smoothie Γ la ledger.
today a crypto exchange ceoβs daughter & granddaughter were nearly kidnapped in paris in broad daylight. 3 masked men tried forcing them into a fake delivery van the father fought them off one dropped a gun. insane
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