Gemnify

@Tytaninc @watchesio @perhapsrabbits @w3_football @NFTX_ @SocialPass_io @NFTYFinance 👀👀👀

Opening to the public 👀 If you're interested in community / NFT-Fi, come vibe with the NFT-Fi illuminati at ETH Denver :) Sponsored by: @watchesio, @gemnifyXYZ, @perhapsrabbits, @w3_football, @NFTX_, @SocialPass_io, @NFTYFinance 🤝 socialpass.io/e/nft-fi-illum…

@tenertoyourtl Thank you! Long and short positions are opened with liquid tokens such as ETH and stables. Longs and shorts are also settled with liquid tokens. LPing the liquidity pool may be done with liquid tokens and/or NFTs.

@spacexbt @Pandora_ERC404 @Monarch_ERC404 We're using it in a different way!

ERC404 - Explained & Simplified [For Dummies] 🧵👇🏽 Introduction: ERC404 have been discussed often in recent days, and it feels like every single project is going up. However, be careful of ruggers. ➤ 1. What is ERC404? - Think of it as a Mix of Two existing Token Types: ERC-20 (used for Regular Tokens, Digital $$) and ERC-721 (used for Special Tokens called NFTs, digital collectibles) ➤ 2. How does ERC404 work? - Imagine you're buying slices of a Digital Pizza. Each slice (ERC20 Token) is connected to a special Recipe (ERC721 NFT). If you buy less than a full slice, the Recipe gets burned. But if you collect enough slices to make a whole pizza, a new recipe is automatically cooked up. - However this process is a bit like using more gas in your car, it comes at a cost. Some ERC404 using inefficient Contracts, where you end up paying more in Fees than the actual purchase value. ➤ 3. Why is ERC404 Needed? - This new Standard solves 2 Major Issues with NFTs: 1) You don't need to hunt for a Buyer every time you want to Sell – there's a Pool of buyers anytime. 2) You can break down your special digital items into smaller parts without locking them away. It's like sharing pieces of your Pizza without putting it in a box. ➤ 4. What's special about ERC404? - ERC404 is like having a "Chameleon" Token. It can act like a Regular Token (ERC20) or a Special Collectible (NFT), giving you the best of both Worlds. --- ➤ BlueChip of ERC404 @Pandora_ERC404 ➤ ERC404 Listings by @coingecko coingecko.com/en/categories/…

@jenndefer @wasabi_protocol @particle_trade @HyperliquidX @metastreetxyz 💎💎💎

The NFT Fi protocol adoption for 404 has been insane to watch this past week. - @wasabi_protocol first mover here for 404 support for perps/options, @particle_trade @HyperliquidX, and now @gemnifyXYZ (for their points) - @metastreetxyz with 404 gov token inbound via ASCEND szn

@CryptoKoryo @thedailydegenhq @ThrusterFi @Pickle_cRypto @wronguser000 @0xZergs @hooeem @twindoges @alpha_pls @wacy_time1 @Repl_fi @layerggofficial @HoruscopeDao @NAVFinance_ @KasuFinance Will have more today.

@thedailydegenhq @ThrusterFi @Pickle_cRypto @wronguser000 @0xZergs @hooeem @twindoges @alpha_pls @wacy_time1 @Repl_fi @gemnifyXYZ @layerggofficial @HoruscopeDao @NAVFinance_ @KasuFinance Thanks for the feature fam!

The Daily Degen - Sunday, January 14th, 2024 Conversions, Culture, Charts, Changes, Macro, Videos, + New Protocols! Click below for all important crypto/macro alerts/data/news/etc condensed into a quick 5 min read! 🗞️📷 Today's Issue >>> thedailydegen.substack.com/p/the-daily-de… 1/x

@Mif_Land @Pandora_ERC404 No, but when we learned about their tech we had an idea for a use case that we needed to solve for our own system.