Sid V/A

1. There is a quiet revolution happening in DeFi liquidity by the name of $GLP… but you won’t find it on Coingecko. So what is it? And how are people profiting?

$ANA is proving to be a very countercyclical store of wealth, imo.

One of these assets is not like the others. $BTC $ETH $SOL $ANA

To prime our community call in a few hours, here's a piece on Nirvana's "market-driven mint" -- and why it matters for the future of DeFi. medium.com/nirvanadao/nir…

@armaniferrante #waogmi

We’re not a DAO. We’re a WAO.

The important thing about a store of value is that it's worth what it's worth no matter what people think about it.

Not to say that UST couldn't have worked out, or at least lasted longer. But without hard collateral, it only stays upright if people believe in it.

The buck must stop somewhere. So if an asset is backed by sentiment, that's a road to nowhere.

@TokenBrice @AlwynDefi @nirvana_fi What makes something a "ponzi"?

@AlwynDefi @nirvana_fi Using my post to promote yet another algoponzi stablecoin that will blow up in a few weeks, on sqlana on top of it so this shit is literally the opposite of resiliency 😂 SOL crowds are almost as desperate as LUNA

Can DeFi projects be secure without decentralization? We need sustainable #DeFi projects that bring long-term value to the space. Let's look at @nirvana_fi, a project that's building a sustainable, algorithmic store of wealth that supports #decentralized and superstable currency.

This is the dawn of the *auto-scaling* market. Nirvana's AMM adjusts automatically to market cap, always owning 100% liquidity. It worked at $10 and will work at $10B. Every new ANA token has its exit liquidity locked-in.

@SusieKeen3 Staking rewards are paid in call-options to get ANA at the floor price. They're called prANA (pre-ANA). The power to buy ANA at its minimum price nets you instant, real profit. This is Nirvana's way of giving high-yield in a sustainable way. docs.nirvana.finance/mechanics/stak…

@DeFiBuddha Now, this make sense. So holding $ANA, will earn more $PRANA? Hmm.. Interesting.

ANA gets you prANA. prANA gets you more ANA. And *that* ANA gets you any stablecoin you prefer.

The tension between the floor & market price is DeFi's first source of true, green, renewable energy.

@nirvana_fi @xNFT_Soon Imagine a world with $ANA backed by a rising floor made entirely of xNFTs . . .

Classic AMM price curves range over all *prices* from 0 to infinity. Nirvana's price curve covers all possible *token supplies* from 0 to infinity. It is the first auto-scaling AMM.

@loinliao 8 in the core team - covering engineering, design, and marketing.

@DeFiBuddha how many people in nirvana team? sir

1/ In lieu of our weekly guided meditation, here is a short sermon on what causes DeFi protocols to collapse: bit.ly/3Pq3j1q Summary 🧵 below

9/ Thanks for reading. I wish we could have done a community call - but I am under the weather today - covid comes for us all 🤒

8/ All of this together makes Nirvana an anti-ponzi protocol. It goes out of its way to provide clean exits, market-driven dynamics, and minimal dependencies.