ModChainHub

📢 Modchain Devnet is LIVE! Head over to the Polkadot Explorer: dotapps-io.ipns.dweb.link/?rpc=wss%3A%2F… The world’s first modular chain is up and running on Devnet.

A price oracle has one job. Tell the protocol what an asset is worth right now. If that number is wrong, everything built on top of it is wrong. Liquidations trigger at the wrong price. Vaults get wiped that shouldn't. The peg breaks on bad data. This isn't theoretical. Oracle manipulation has been used to drain hundreds of millions from DeFi protocols. The attack is simple; push a fake price into the feed, trigger a liquidation at that price, collect the collateral. @TensorUSD doesn't consume raw oracle data. Every price feed goes through the Oracle Security Module first. The OSM buffers incoming prices and validates them before they touch a single vault. If a feed looks compromised, emergency oracles can pause or freeze ingestion entirely. Governance can intervene before bad data causes irreversible damage. The protocol doesn't react to a price. It reacts to a validated price. One layer between bad data and your vault. That's what the OSM is. Have you ever had a position liquidated because of bad price data on another protocol? 👇

Imagine a safety deposit box. You walk in. You put your TAO inside. The bank gives you a receipt worth $166 for every TAO you deposited. That receipt is your TUSDT. Spendable. Stable. Worth $1 each. The TAO stays in the box. Locked. Safe. Yours. One rule: the TAO in the box has to always be worth more than the receipts you're holding. At least 150% more in TensorUSD's case. If TAO price drops and that ratio falls below 120%, the protocol opens the box and auctions the TAO to cover the receipts. That's liquidation. If you want your TAO back before that, simple. Return the receipts. Pay back the TUSDT you minted. The box opens. TAO comes back to you. Debt reaches zero. Vault closes. Done. That safety deposit box in TensorUSD is called a CDP. A Collateralized Debt Position. Your TAO is the collateral. TUSDT is the debt. The vault holds both until you're ready to close it. Have you ever used a CDP before on any other protocol? How was the experience? 👇

The cofounders of TensorUSD are going live in 2 days to talk about the future of stablecoins on the Bittensor network. Our Co-founders: Khem Raj Regmi @iamkhemrajregmi & Siddhant Devkota @taouser9331 sit down with host Gordon Frayne @gordonfrayne for a conversation you won't want to miss! From the vision to the mechanics of what makes TensorUSD different. 📅 April 23rd 🕒 CST: 9:00 AM | CEST: 4:00 PM | BST: 3:00 PM 📺 Live on X & YouTube Follow and turn on notifications so you don't miss it 🔔

May 2022. Someone wakes up to check their UST position. It was $50,000 yesterday. The peg broke overnight. UST is trading at near zero. LUNA is down 99.9%. They read the headlines. "Algorithmic stablecoin." "Backed by LUNA." "Reflexive demand mechanism." What they never asked was the one question that mattered. What's actually backing this? The answer was nothing. A token backing another token. Confidence backing confidence. The moment one cracked, both collapsed. @TensorUSD is designed with that morning in mind. Every TUSDT is backed by TAO; real collateral with real market value independent of TensorUSD itself. The protocol enforces solvency. Liquidatability. Redeemability. Three properties. Always. Were you in crypto during the LUNA collapse? What did you learn from it?

Fam introduced dTAO concept, @const implemented in #bittensor. Fam introduced time-locked stake for upcoming #ModChain, @const is implementing. We should be the one implementing and building for @Modularnetwork1 (prev. Commune). What needed to be done, let's do it.

ready to #mod?

ModChainHub will be supporting the migration. Users will be able to claim $MOD token when mainnet goes live on Black Friday

Set a reminder for my upcoming Space! x.com/i/spaces/1nAKE…

We will be supporting #ModChain through modchainhub.com How do you like our domain name? ModChainHub.com

Notice for all: - solbridge has been paused. - comstats and explorer will be paused by Oct month end. We are preparing for the transition to ModChain.

Mark your calendar for #ModChain.

new chain, coming up!

App next week Bridge opens on September 1st New chain October 1st - Fam, founder of @communeaidotorg are you all ready?

join now: discord.gg/commune-ai-941…

Get ready to get #ModChain. This will change everything that you know of. Modules are the future of deAI.

MODCHAIN in an hour, be there 🫵

MOD©HAIN: The Future Modular Internet if you love this NEW name, retweet with #MODCHAINisComing, and like this original post. 5 lucky winners will get 1000 $COMAI each.