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Ceres Tiger is on the way, do you want to own it?
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Join the decentralized finance with Ceres Protocol, complete tasks and learn about the superior stability and scalability of ceres
Join now and experience it for yourself at ceres.money#DeFi#Stablecoins
Who else thinks flatcoins are the future of currency?
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With that in mind, $SPOT is the first true decentralized flatcoin that is designed to bend, not break.
Watch how it works below and follow @SPOTprotocol for more. 👇👀
Decentralized stablecoins are changing the game for crypto users.
With decentralized stablecoins, you get the best of both worlds: the security and decentralization of blockchain, and the stability of fiat currency.
#DeFi#Stablecoins
Price stability of crvUSD while 14% of crvUSD supply is backed by PegKeepers (more efficient analog of PSM), and possibly this % can go lower (subject to DAO parametrising PegKeepers)
Position which was in soft-liquidation for 8 days at crvusd.curve.fi/ is now fully deliquidated. Loss due to being in liquidation for that time is 1.4%. So, 98.6% of collateral are obtained back when ETH went back up.
No margin calls = no drama!
A graph losses for the biggest crvUSD position which is in soft liquidation for 4 days already. This is what you get instead of a margin call (can close at any time)
As regulation becomes stricter, decentralized stablecoins will be separated from fiat currencies, avoiding regulatory risks and becoming more decentralized
#stablecoins#decentralized
1/ It's been one month since Shapella enabled staked $ETH withdrawals and we now have enough data to analyze the initial changes in the liquid staking derivative (LSD) landscape.
Here are the trends as we enter what is shaping up to be a huge LSD summer.🧵👇
#crypto
Monetary Evolution: The Ideal Inflation Resistant Asset
Aims to create something on the need for an inflation-resistant, stable asset that can act as a refuge from traditional financial systems, withstanding long periods of stability.
Third deployment of crvUSD is done. No errors, but fixed an issue of unexpectedly high gas usage in certain cases (3M gas (!) -> 300k gas). Again, thanks to community for discovering: no testnets can replace such testing in prod