Algorithmic Stablecoins: Sexy AF or A Load of Pants?
While your regular crypto asset will fling you around like a ragdoll and reduce your life expectancy by double digits at least twice a month, stablecoins wrap us in a warm embrace and whisper in our ears that maybe, just maybe, things will be okay. They’re an anchor, a refuge and they too come in an abundance of flavours. And by far the sauciest of them, right now, are those known as algorithmic stablecoins. But the irony of algorithmic stablecoins is that… they aren’t stable.
Coinbase. The name is a strong one. Feels connected without overegging then crypto connection. A place to call home and an entry point. And that’s Coinbase. It’s the safe, muggle friendly interface between the great unwashed and the badlands. Onramp, offramp, coin pamp, lamp wick, damp prick, man what is this shit when the market goes south and the offramp goes damp with panicked cramps.
Coinbase - blue logo, the happy colour, the safe colour, but when we talk of the blues, it’s about suffering, conflict and pain. Seen through that filter Coinbase has the blues. Sec investigations, layoffs, tanking stock, a rainbow of fud. Is it a dud? Should we throw mud? Shoulda woulda coulda, cows chew the cud, and make sense of the world. Just like me. Armed with a cloth to polish Brian’s scalp.
Our sponsors
https://unipilot.io/
https://matcha.xyz/defiant
Follow The Defiant team on Twitter:
Camila Russo: https://twitter.com/CamiRusso
Robin Schmidt: https://twitter.com/iamsupermassive
Alp Gasimov: https://twitter.com/alpgasimov
✊ Follow The Defiant
Website https://thedefiant.io/
Newsletter https://newsletter.thedefiant.io/
Twitter https://twitter.com/defiantnews
Discord https://discord.com/invite/svJ7dZ75J3
Instagram https://www.instagram.com/thedefiant.io/
Telegram Announcements https://t.me/DefiantNews
Telegram Chat https://t.me/DefiantChat
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
...
https://www.youtube.com/watch?v=b45O3m6YmoA
BRC-20 is a new token standard on the Bitcoin blockchain, named after Ethereum’s ERC-20. And the idea of BRC-20 is to create fungible tokens via the Ordinals protocol. However, instead of using smart contracts, BRC-20 tokens instead require a Bitcoin wallet to mint and trade tokens.
✨ Check out our new website ✨
https://thedefiant.io/
? Sign up to our newsletter ?
https://newsletter.thedefiant.io/
? Find DeFi investment opportunities & educational primers here
https://newsletter.thedefiant.io/s/defi-alpha
✊ Follow The Defiant
Twitter: https://twitter.com/defiantnews
Discord: https://discord.gg/thedefiant
Instagram: https://www.instagram.com/thedefiant.io/
Telegram: https://t.me/DefiantNews
? Contact our Newsroom
editorial@thedefiant.io
? Sponsorships & Partnerships
sponsors@thedefiant.io
? Follow The Defiant team on Twitter
Camila Russo: https://twitter.com/CamiRusso
Alp Gasimov: https://twitter.com/alpgasimov
yyctrader: https://twitter.com/yyctrader1
Owen Fernau: https://twitter.com/ofernau
Devin Sawyer: https://twitter.com/devinsawyer
Samuel Haig: https://twitter.com/samuel_haig
Diego Cabral: https://twitter.com/DiegoCabral__
Nick Duddy: https://twitter.com/nickduddy
Pab: https://twitter.com/pprhsk
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3
...
https://www.youtube.com/watch?v=M1gqUp55qdQ
It was a wild weekend for stablecoins.
USDC depegged from a dollar to as low as $0.88 on Saturday, before bouncing fully back to its dollar peg on Monday.
Today we’re looking back over the wild weekend and figuring out what a depegged stablecoin and failing banks could signal for DeFi.
✨ Check out our new website ✨
https://thedefiant.io/
? Sign up to our newsletter ?
https://newsletter.thedefiant.io/
? Find DeFi investment opportunities & educational primers here
https://newsletter.thedefiant.io/s/defi-alpha
✊ Follow The Defiant
Twitter https://twitter.com/defiantnews
Discord https://discord.gg/thedefiant
Instagram https://www.instagram.com/thedefiant.io/
Telegram News https://t.me/DefiantNews
? Contact our Newsroom
editorial@thedefiant.io
? Sponsorships & Partnerships
sponsors@thedefiant.io
? Follow The Defiant team on Twitter
Camila Russo: https://twitter.com/CamiRusso
Alp Gasimov: https://twitter.com/alpgasimov
yyctrader: https://twitter.com/yyctrader1
Isaac Ibiapina: https://twitter.com/_isaacibiapina
Owen Fernau: https://twitter.com/ofernau
Devin Sawyer: https://twitter.com/devinsawyer
Samuel Haig: https://twitter.com/samuel_haig
Aleks Gilbert: https://twitter.com/aleks_gilbert
Diego Cabral: https://twitter.com/DiegoCabral__
Nick Duddy: https://twitter.com/nickduddy
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
...
https://www.youtube.com/watch?v=3bzvrQPBuO4
Penguins hit the skids, Vitalik says multi-chain, not cross-chain, Arbitrum goes offline and some random DeFi channel hits 100k subs. It’s monday, this must be a quick take, it was the first week of the year and it didn’t disappoint.
Our sponsor
https://unstoppabledomains.com/
Links
https://twitter.com/MorningBrew/status/1429872224249565200?s=20
https://twitter.com/ZachSpaded/status/1479352613090959360?s=20
https://u.today/solana-network-goes-offline-again-now-ddos-attack-may-be-reason
https://offchain.medium.com/todays-arbitrum-sequencer-downtime-what-happened-6382a3066fbc
https://u.today/polygon-matic-gas-fees-rocketed-due-to-this-game
https://twitter.com/VitalikButerin/status/1479501366192132099
https://decrypt.co/90009/paypal-says-exploring-stablecoin
https://twitter.com/IamSuperMassive/status/1478684430348787717?s=20
Follow The Defiant team on Twitter:
Camila Russo https://twitter.com/CamiRusso
Robin Schmidt: https://twitter.com/iamsupermassive
Alp Gasimov: https://twitter.com/alpgasimov
✊ Follow The Defiant
https://newsletter.thedefiant.io/
https://twitter.com/defiantnews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
...
https://www.youtube.com/watch?v=QvfU1uW04Zs
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol's Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi's most important stories and demystify this exciting emerging financial space.
Follow The Defiant
http://thedefiant.substack.com
https://twitter.com/DefiantNews
Follow Camila Russo
Camila Russo on Twitter: https://twitter.com/camirusso
Purchase Infinite Machine at Amazon: https://tinyurl.com/yxd74f54
This series is produced by Harmony Protocol.
https://www.youtube.com/harmonyprotocol/
#thedefiant #defi #decentralized #finance #blockchain
...
https://www.youtube.com/watch?v=M_zreDIcjno
In this week’s podcast we interview Santiago Siri, who has been working on improving the way democracy works for over a decade. He started from the inside, co-founding a political party in Argentina, his home country, but realized traditional politics would change him before he could change politics. So he started building better representation for the new world and founded Democracy Earth Foundation. It’s worth noting, that he’s been hacked by communists two times in the process.
The Democracy Earth Foundation is developing a project called Proof-of-Humanity. Proof of humanity wants to crack the problem of identity in the decentralized era of web3 -- how to prove who you are without relying on centralized entities. Proof of humanity has been able to create 5,000 on-chain identities in two months. What’s more, all of those in the network are getting streamed UBI token, which stands for universal basic income.
The next step would be for applications in web3 to integrate these identities. The initial use cases in DeFi are pretty obvious, for one, lenders could integrate with proof of humanity to start offering undercollateralized loans. The goal is to give anyone in the world the power to take back their identities away from the web2 world and use them in a system they control.
Follow The Defiant
https://newsletter.thedefiant.io/
https://twitter.com/defiantnews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
...
https://www.youtube.com/watch?v=WiWao-OIImA
Did you know that over 90% of NFTs store their image data off-chain? Instead of being directly on the blockchain, the associated images are hosted by third parties. Jason Bailey explains the vulnerability of this setup, emphasizing the need for a more secure and decentralized approach to safeguard NFT data.
✨ Check out our new website ✨
https://thedefiant.io/
? Sign up to our newsletter ?
https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup
? Find DeFi investment opportunities & educational primers here
https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha
✊ Follow The Defiant
Twitter: https://twitter.com/defiantnews
Discord: https://discord.com/invite/3SdRdEs5ag
Instagram: https://www.instagram.com/thedefiant.io/
Telegram: https://t.me/DefiantNews
? Contact our Newsroom
editorial@thedefiant.io
? Sponsorships & Partnerships
sponsors@thedefiant.io
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3
...
https://www.youtube.com/watch?v=AOJJ1If_4J8