Mark from Denmark
@markfromdenmar_
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@THORChain & @RujiraNetwork contributor | All chains. All wallets. All in one place | Imagine a world without crypto. You can't, can you? Me neither
Cooking
Joined July 2022
You know what's fair? @RujiraNetwork And you can own a piece. We call it $RUJI
I’m not gloating BUT I keep most of my crypto in stablecoins Why? Because I know markets aren’t fair and never will be… > Traders/companies open over leveraged positions propping up prices, prices that the rest of the market buys at > Government officials leak information
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These liquidation events will only get more violent $RUJI stakers will eat well
Covid crash: $1.2B in liquidations FTX crash: $1.6B in liquidations Today: $19.31B in liquidations You wished you bought during the COVID crash. This is your COVID crash.
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This
$RUJI works during extreme volatility. Battle tested ✅ 👇 $ATOM on @RujiraNetwork vs Binance. Notice the big difference during the flash crash on Binance to 0.001. Why? 1. Multi-Source Liquidity Aggregation $RUJI doesn’t depend on a single order book. It pulls from:
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$20B liquidation event today All this activity is moving onchain, powered by @RujiraNetwork Stay safe out there
The truth about this crypto crash, and why it was the perfect storm for the biggest liquidation event in history.. The reason this flush was so violent, is because the risk factor in the market had grown a lot bigger than it seemed on the surface.. Typically euphoria and
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This
The longer I think about @RujiraNetwork’s lending, the more I realize how revolutionary this will be. ▫️Use native assets as collateral ▫️Swap native assets used as collateral for other assets without having to close any position you opened with borrowed funds This means you
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10M $RUJI staked 73% auto-compounding $64k in staking rewards to be distributed If you haven't already, stake your $RUJI on https://t.co/5UDIAhqYAk
9M $RUJI staked 69% auto-compounding $60k in staking rewards to be distributed
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True
Permissioned assets running on blockchains are sheep in wolves’ clothing.
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Let's make degen-ing great again Using native assets, all on chain. No trusted third parties, bridges or wrappers Lend and liquidate via borrowing baby
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$BTC has no top because fiat has no bottom Who in the Bitcoin community should we connect with and talk to - potentially host on a space - to talk about all the utilities @RujiraNetwork is bringing to native $BTC? Lend, earn, borrow, mint and liquidate baby
Value is here. Utility is coming: - Lend BTC to earn more BTC - Borrow assets against BTC - Use BTC to mint a decentralized stable coin - Bid on discounted BTC 🐳 Bitcoin enters a new era with omnichain DeFi on Rujira.
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Q4 is set to be our most important quarter so far! The next few months are when everything comes together, with debt products, liquidations, and our orderbook, RUJI Trade, at the core. Each product plays a part: - Liquidations from the debt products will all execute as market
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Just a few UI wires away and you all can have at it 🚀
Hint: no need to imagine. Unit tested today. Stagenet tomorrow.
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🔥 New AUTO Hub version is live — packed with fresh UI/UX upgrades! Main highlights: ⚙️ See which protocol each automation uses (in Fees & Activity) 🔍 Click any Automation ID to view full details 🚀 Launch automations directly from the Activity page ⏰ Default scheduling now
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Huge update for @RujiraNetwork on the dev Discord by @markfromdenmar_ today: 🚀 The Virtualization Strategy, which allows Rujira to execute trades using the liquidity pools on @THORChain, is performing well. The pending removal of outbound fees on Secured Assets will allow for
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While we at Rujira create financial utilities to $BTC, can someone please explain to @Lagarde what network effects are and why they are important in today's day and age
Value is here. Utility is coming: - Lend BTC to earn more BTC - Borrow assets against BTC - Use BTC to mint a decentralized stable coin - Bid on discounted BTC 🐳 Bitcoin enters a new era with omnichain DeFi on Rujira.
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Unit tested today. Stagenet tomorrow.
Imagine being able to trade your $ETH for $BTC whilst it’s “locked” as collateral on your $USDT borrow position
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README for Rujira Credit Accounts is up "Anything that the Collateral type can value can be used as collateral. Currently, this is limited to Secured Asset tokens held by the Account, but this will be extended to include Limit Orders, LP tokens etc" https://t.co/J56rjTUnVc
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The past few months have been both busy and very exciting for us at Rujira! From launching our Base Layer Virtualization Strategy and unlocking THORChain liquidity, to introducing new products, features, partnerships, and UI updates, our ecosystem has continued to evolve at a
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The thing about liquidation markets To really nail them, you need a lot of moving parts to work seamlessly together Spot market, lending, borrowing, multiple (native) assets supported, deep ecosystem liquidity. Just to name a few. @RujiraNetwork has all that, and then some
This is massive, it will unlock all the debt-based products, and of course, the other side of the coin: liquidations. RUJI Liquidations will allow anyone to bid on liquidated collateral and capture a share of the most profitable revenue item of CEXs, with the huge benefit of
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We are about to test liquidations with native assets, all on chain on stagenet Who's ready to check it out?
A major step forward: the first version of Credit Accounts is landing on THORChain Stagenet for its next phase of development. Can you guess how Credit Accounts will supercharge $RUJI or should we break it down in a thread over the next few days?
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