f(x) Protocol
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@protocol_fx
f - High & Sustainable USD yield x & s - Liquidation Protected Leverage with Minimal Funding Cost $fxUSD $FXN By @aladdindao https://t.co/cVz9RALhej
JUST IN: US seized $1 billion in crypto from Iran
It is not very surprising that the regulatory system is now attempting to break DeFi by poking holes into the way things work. If someone can obtain a TRO that freezes funds, one could take advantage of that by shorting something, using the judiciary to brick some component, and make money on the fallout when atomic actions no longer function due to code being frozen at a deeper layer. Relying on offchain assets makes this a permanent vulnerability. Using onchain only assets is not capital efficient but unbreakable censorship value means you can’t have these sorts of risks. If you want a stablecoin, $LUSD from @LiquityProtocol is still one of the single best truth outside of the system dollars. I’m sure there are others that have come later. @beanstalkmoney was an attempt to create it and unfortunately a hack ruined that. The higher the value of $ETH, the more onchain dollars there can be. Bringing dollars onchain is great but it’s like a non-private version of the normal system just with faster settlement and less intermediaries to pay. Just things to consider…
Your financial activity shouldn't be public by default. Privacy shouldn't come at the cost of capital efficiency either. @cyrille_briere just demonstrated that both are possible on f(x) Protocol. A proof of concept for private borrowing via @RAILGUN_project: mint fxUSD privately from shielded $ETH balances Full thread from Cyrille below on how it works and how to replicate it. Oh and by the way, even without borrowing, $fxUSD is the cheapest asset to make private: all (un)shielding fees are compensated with $FXN on a monthly basis. No excuses. Stay private.
Booster, your rewards for April just dropped. Check your allocation: #gid=0" target="_blank" rel="nofollow noopener">docs.google.com/spreadsheets/d…
Next round is already running. The best way in? Create content that makes f(x) Protocol click for people, any format works. Post it on @echo_market.
Most "stable" yields aren't stable. They're emissions in a costume, and they evaporate the second the market turns. We're doing a Fireside Chat (in Chinese) on the kind that doesn't. 📅 May 29 (Fri) | 9:00 PM UTC+8 🎙 Host: @taowang1 🗣 Speakers: @realxiodos @Domingo_gou @mmk_btc @kingzw888 Book the space now - you cannot afford to miss it (link in the next tweet)👇
Most "stable" yields aren't stable. They're emissions in a costume, and they evaporate the second the market turns. We're doing a Fireside Chat (in Chinese) on the kind that doesn't. 📅 May 29 (Fri) | 9:00 PM UTC+8 🎙 Host: @taowang1 🗣 Speakers: @realxiodos @Domingo_gou @mmk_btc @kingzw888 Book the space now - you cannot afford to miss it (link in the next tweet)👇
A few weeks ago, in Cannes, we hosted two full days of DeFi roundtable sessions with 7⃣0⃣➕ teams! To chat about their plans, pain points, industry problems, and more. Below is a much-awaited summary of what we discussed. Grab a cup, it's a long read 🍵 lobsters.substack.com/p/defi-session…
以太坊下一个重要叙事，Kohaku实现的原生隐私。 简单说是把现有隐私基础设施集成到底层，实现隐私默认化，对于普通用户来说，以后用钱包时，可以一键开启私密交易，不用再手动去调用访问某个协议和项目。就像发送一笔普通交易一样简单。 被集成隐私协议有: Railgun Privacy Pools Tornado Cash
