Crypto Currency Markets What strategies are you using to stay safe in the crypto market? |
- What strategies are you using to stay safe in the crypto market?
- Colombia registers first-ever real estate purchase with Bitcoin
- Chose your favourite IOTA price path (pushing P)
- Digifinex - Orders never fill when they should. What's going on?!
- LQTY Stable Coin | Solving Maker's DAI Problem and No Governance
- I think the time has come for the Cannabis industry to have its own DeFi solution.
- Propy is auctioning a home minted as an nft for the first time in Florida today and the charts tell us a huge pump can be coming soon. A 1.8 billion dollar market cap for pro coin does not seem unreasonable to me.
- KEX Token: Genesis of Decentralized Finance
- Which cryptocurrency/tokens are most environmentally friendly and also some good future?
- New to the DeFi space and I have a few questions
What strategies are you using to stay safe in the crypto market? Posted: 10 Feb 2022 01:07 PM PST I know that every user defines "staying safe" in the cryptocurrency market differently and depending on their risk aversion, but as a risk averse person, I always prefer to take next level measurements to keep my funds and assets safe. Starting with hedging my portfolio against the volatility of the market, especially after the recent bear market, I decided to allocate more to $EURST and $USDC since they're stablecoins. And when it comes to keeping my digital assets safe, I'm using Vault12 where I'm able to recover, back up, and provide legacy inheritance for all my digital assets, including Bitcoin, Ethereum, NFTs, other cryptocurrencies, private keys, seed phrases, PIN codes, digital art, and of course, my crypto wallets. What are some major points that I should know to stay even safer in the crypto space? [link] [comments] | ||
Colombia registers first-ever real estate purchase with Bitcoin Posted: 10 Feb 2022 11:08 AM PST Let me just start by saying that the person that agreed to sell their real estate for Bitcoin in Colombia is a lucky person. Not only did they make history, they are owners of a pricey item that stands the chance to increase with the heightened demand for it. This means that regular people are starting to embrace what Bitcoin offers. More people will sell their real estate and items and receive payment in Bitcoin. The demand for what this space has to offer is awesome. As a trader that copies the trades of highly performing traders on Tycoon.io, I doubt if I will ever give up my Bitcoin to buy items. They are staying with me. Congrats to the person that sold their real estate for Bitcoin in Colombia. Many will follow soon. [link] [comments] | ||
Chose your favourite IOTA price path (pushing P) Posted: 10 Feb 2022 01:16 PM PST
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Digifinex - Orders never fill when they should. What's going on?! Posted: 10 Feb 2022 01:12 PM PST
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LQTY Stable Coin | Solving Maker's DAI Problem and No Governance Posted: 10 Feb 2022 12:41 PM PST We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice. TLDR:As a debt protocol, Liquity's goal is naturally to expand the demand for $LUSD. When the demand for $LUSD increases, the protocol revenue earned from mint and redeem activities will also be larger.$LUSD is an over-collateralised stablecoin with a minimum collateralised ratio of 110%, but the actual collateralisation of the system is around 250%. Liquity is one of a number of recent prominent lending projects. After more than 2 months of development, the project has achieved many notable achievements. $LUSD is currently the 8th largest market capitalisation stablecoin according to Coingecko's statistics. However, $LUSD's DeFi integrations and use cases are very limited. General ConclusionLiquity is a decentralised borrowing protocol similar to the Maker DAO. In the Liquity protocol, users lock collateral to open collateralised debt positions (CDPs, in Liquity called troves). The system then lends the user $LUSD from the system - a stablecoin pegged to $1.The two main and essential components of the project are $LUSD — stablecoin and $LQTY — revenue token:
Classifying StablecoinsWe look at them in four different ways:
About $LUSDIt uses two mechanisms, a dual-token and a reserve. It's soft pegged to USD and the collateral amount is over-collateralised. It uses just $ETH as collateral type. Dual-Token ModelThere are two tokens in the system, $LUSD, which is a stablecoin soft pegged to USD and the other one is $LQTY which is not a governance token but purely a value accrual token. When we talk about value accrual there is a liquidation fee that is generated from the system. The $LQTY holders will be receiving this liquidation fee which is the profits from the system. You hold $LUSD when you want to be using it, creating it, and paying people in it and you hold $LQTY when you want to receive accrual from the system. ReservesReserves are over-collateralised. Ideally, it is 150% over-collateralised, but the entire system is 200% over-collateralised. The lower bound or the lowest amount that can be over-collateralised is 110% and below that you'll be liquidated. It uses $ETH as collateral. [link] [comments] | ||
I think the time has come for the Cannabis industry to have its own DeFi solution. Posted: 10 Feb 2022 12:32 PM PST Even before legalization, the cannabis sector had undergone an unstoppable transformation. Many local dispensaries only accept cash for payment. I read that organized mobs are robbing cannabis dispensaries around the country, but Senate leaders are doing little to stop them. Unless Congress steps in, the cannabis industry must take matters into its own hands. Bitcoins and other cryptocurrencies provide legal cannabis businesses an immediate alternative to a banking system that doesn't deal with them and to running an all-cash business model. The state-legal cannabis industry has grown significantly over the past 25 years, but even if the business is lawful, banking the money from it is still prohibited by federal anti-money laundering rules. Banking and financial services will be unavailable to the industry, as would any enterprises that serve it. Tangi is a newcomer here and has some interesting DeFi aspects. Although the industry was shaken by the suspicion of earlier BS coins, I believe there will be a leading coin in the future [link] [comments] | ||
Posted: 10 Feb 2022 12:31 PM PST
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KEX Token: Genesis of Decentralized Finance Posted: 10 Feb 2022 12:12 PM PST
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Which cryptocurrency/tokens are most environmentally friendly and also some good future? Posted: 10 Feb 2022 12:00 PM PST Cryptocurrencies are not all created equal. Bitcoin and other cryptocurrencies that rely on ""Proof of Work"" as a consensus security mechanism are not and will never be environmentally sustainable. Others, such as Hedera Hashgraph, have found a theoretically sound but significantly less energy-intensive solution to the consensus problem, making them orders of magnitude more environmentally friendly. Binance USD, Chainlink or Uniswap A utility token is only valid if the token issuer/owner is listed on a crypto exchange. Only after the utility token has been listed will its value be determined. Until then, the token will be worthless. It's a common misconception that as more people use utility tokens, the token's value will rise. When the demand for utility tokens exceeds the supply, the tokens' value rises. People are gravitating toward cause-based projects, which are referred to as utility-based tokens in the crypto world, as adoption grows. Bob Eco Coin, the first of its kind in the ev sector, is one such project to keep an eye on. It's the first time a for-profit social enterprise has been tokenized in the world. Bobcoin is a type of security token that has both equity and assets backing it. [link] [comments] | ||
New to the DeFi space and I have a few questions Posted: 10 Feb 2022 11:58 AM PST Hello reddit, sorry if this is the wrong place to post but I have been recently interested in getting started in DeFi. I'm a crypto beginner so I want to get more knowledge and experience about this amazing space. My friend recommended me a DeFi project called Aggregated Finance and he mentioned it is beginner friendly and it would be a good project to start building experience with. I want to ask everyone here what's your experience with that project and what's your opinion on it. For the people who haven't tried it yet they offer community powered investing. The community votes on a DeFi 3.0 or yield earning investment and the DeFi buys it from the treasury funds. And when the investment makes profit, it gets distributed among the community and the treasury. Thank you for your time [link] [comments] |
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