WilliamRSR (💸,💸)

@brknwhalesol Done!

@mrnguyen007 ETF

Today, I want to give a shout out to all XRP HODL who didn't panic sell. If you have less than 50K followers in X please comment below "ETF" so all my followers & I can follow you. This way you can get monetize & paid for posting in X. To all my friends please follow all... 🙏

1/n Many expect a power law for stablecoin winners. Its more complicated than that. We're in a multi decade era of financial unbundling and a 'big bang' of stablecoins. Thousands will emerge, potentially leading to the first $1T stablecoin and several worth $10-$100B, in this decade. Today's duopoly are 1st gen stablecoin architecture, akin to the first New York Times website being merely a PDF in 1996.

There are two remaining to-do list items for Ugly Cash to reach it's foundational level of product functionality: cash deposits and the LATAM card. With those in place, US members will be able to: 1. earn in cash 2. deposit cash to Ugly via thousands of retail stores 3. send for free to LATAM... ...and then LATAM members will be able to spend *directly with their cards,* without even needing to move funds to a local bank account.

Powering Stablecoins 🪙 RedStone is thrilled to announce its support to the $eUSD price feed from @reserveprotocol, as the only oracle, in both the gas-optimized Pull and Push Oracle models. Let's dive into details 🧵

Our app's Early Access is on fire with new functionalities! Starting today, Ugly members in the US can request their physical Mastercard debit card to manage funds from their accounts. 💳🔥 You don't just want this card, you need it: 🤑 Withdraw cash from ATMs. ✅ Start using payment apps in the U.S. like Venmo, Zelle, Cash App. 📱 Add it to Apple Pay and Google Pay for contactless payments. 🌟 Manage all card details (including statements, PIN, and blocks) directly from your app. 📪 Request it with just a few taps! We'll deliver it anywhere in the US at no cost for shipping or maintenance. Yes, it's just missing some perreo. This update will roll out progressively on iOS and Android. - Ugly Cash is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass-through FDIC insurance coverage is subject to certain conditions. The Ugly Cash Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted. Withdraw cash from any ATM which operates on the Pulse or Mastercard network.

There are four (4!) important updates happening in the Reserve ecosystem today! Here's the tl;dr: 1. New initiatives & leadership within the Reserve ecosystem. Today we’re announcing the launch of two new companies, ABC Labs and Confusion Capital, which will join MobileCoin and Best Friend Finance within the Reserve ecosystem. ABC Labs will focus on protocol development and promotion under the leadership of its CEO, Thomas Mattimore. Confusion Capital will manage funding and special projects within the ecosystem and will be led by me, Nevin Freeman. 2. $10M grant program. Confusion Capital is opening applications for $10M in grants to individuals, unincorporated teams, DAOs, and companies in order to further build out the decentralized Reserve ecosystem. It’s taking grant proposals for RToken startup costs, RToken-specific front-ends and apps, research projects, and in-person Reserve community gatherings, among other things. The $10 million grant budget is not time-bound and will be awarded as quickly as legitimate recipients are identified. Applications for the first round open today and will close February 9th. Apply to fund your work in the ecosystem! 3. Further restrictions on RSR emissions. There are soon to be additional restrictions on how quickly the circulating supply of RSR can change. Confusion Capital administers the Slow Wallet which holds ≈49.4B RSR, about half of the total supply, and has a 4-week delay on any withdrawals. The Slow Wallet is being replaced by the Slower Wallet which, as the name implies, is like the Slow Wallet but with more restrictions on how quickly it can release RSR into the circulating supply: immutable max possible withdrawal rate of 1% of total supply in any 4-week period, in addition to the normal 4-week delay on withdrawals already imposed on the Slow Wallet. The new Slower Wallet will also be administered by Confusion Capital. In practice, we do not intend to withdraw the max of 1b per 4 weeks on a regular basis, that’s just an upper bound. 4. Idea: 20b RSR for incentives? ABC Labs and Confusion Capital are exploring how to make the best use of the remaining supply of RSR, and are seeking your input on a potential direction that’s under consideration: allocating 20 billion RSR to an emissions contract that would release it smoothly over many years, directed by RSR holders to whichever incentive programs and bootstrapping costs they choose over time, similar to CRV emissions voted on by veCRV holders and directed to incentivize Curve LPs.

What are the benefits of Rtokens by @ReserveProtocol? 🔹 Anyone can create an RToken, promoting innovation and diversity in stablecoin options. 🔸 RTokens can be backed by various assets, creating a more stable and diversified collateral basket. $RSR

Our approach to helping increase adoption and access to sustainable, inflation proof, stable currency. Reserve is not a stablecoin, but rather a permissionless platform for anyone to create their own stablecoin, flatcoin or index product. Asset backing, revenue sharing and safety mechanisms are all transparent and onchain with no middlemen involved. Take a watch and join us if you’d like to get involved 🍿

Diversifying Asset Backed Currency Meet the protocol collateral plugins that are powering the decentralized inflation-proof money we call "RTokens". With each new protocol comes a new brick in the wall of a fairer, more diversified and safe economic system. Which protocols are leading this charge? What do interested protocols need to do to join this cause? RTokens help holders preserve and grow wealth using yield bearing collateral. For example @HighYieldUSD, an RToken designed as an onchain savings account, is partially backed by a deposit in @StargateFinance for its @BuildonBase deployment. The yield generated is passed to holders (and governors) on chain. This is how RTokens mitigate the effects of inflation. RTokens are always 1:1 asset-backed, allowing for permissionless minting and redeeming on-chain by users without the need for any middlemen. They also include overcollateralization to shield from collateral depeg events. Let’s survey the collateral plugin landscape ready today to back RTokens. The most compelling RToken collateral plugins usually have substantial ecosystem liquidity, so protocol TVL is listed next to each. Let’s start. ✨ Aave ($4.9B TVL) @AaveAave, DeFi’s largest money market, can be used to back RTokens. Deposits to their mainnet DAI, USDC, USDT, BUSD and USDP markets V2 are all ready to go. Their USDC V3 market is also live. As a huge money market, its assets are some of the most suitable for RTokens. This yield is generated by interest paid by borrowers. Electronic Dollar (eUSD) powers its yield using some of aTokens in its backing. On @BuildonBase, the USDbC Aave V3 market is also live. Compound ($1.92B TVL) @CompoundFinance, the first user-to-protocol (rather than peer-to-peer) collateralized borrowing market, also has a collateral plugin for their mainnet DAI, USDC, USDT, USDP, WBTC and USDP V2 markets. On mainnet their USDC V3 market also has a functioning collateral plugin. The yield in these money markets come from interest paid by borrowers and occasionally token emissions. This protocol also has a @BuildonBase deployment, meaning their USDC V3 market on this network also has an RToken-ready collateral plugin. Coinbase Staked Ether ($323M) This @coinbase Ether staking token is a newer entrant to the RToken collateral list, but a potent one. This could become a popular staking mechanism for Coinbase’s 100M+ users, therefore could power meaningful RToken TVL. The yield comes from Ethereum staking rewards. It can be used for RTokens on both mainnet and on Base! There are some interesting potential synergies for an L2 powered with a baseline “bank rate” powered by this collateral… Convex ($1.5B) @ConvexFinance, the Curve yield booster, can power some of the most dynamic RTokens. The yield is generated by locking Curve and redirecting yield. Their Curve 3Pool (USDC, USDT, DAI) vault and eUSD:FRAX- vault all have RToken collateral plugins. Curve ($2B) @CurveFinance, arguably the leading stableswap (and subsequent focus of RToken liquidity strategy), can power RTokens. The yield generated comes from swap fees and token emissions. Deployers on mainnet can collateralize RTokens using 3Pool (USDT, USDC and DAI) deposits, MIM-3Pool deposits and eUSD:FRAX deposits. Maker ($7.62B) @MakerDAO, DeFi’s largest stablecoin protocol, is a collateralized debt protocol. Users looking to back RTokens with Maker products can do so with an sDAI plugin, which represents a position in the DAI Savings Rate. The yield is paid out by the Maker treasury. This collateral plugin has promise powering crosschain RToken yield opportunities. Flux ($37M) @FluxDeFi is a borrowing and lending protocol that supports tokenized US treasuries as collateral. Those looking to back RTokens may lend the following assets and use their collateral plugins: USDC, DAI, FRAX and USDT. The yield paid to depositors is paid by those borrowing the assets. As treasuries become more and more dominant in a high interest world, this collateral plugin could also power a huge number of RTokens. Lido Staked Ether ($5.8B) @Lidofinance’s staked Ether token (wstETH) can back RTokens. ETHPLUS (ETH+) is backed by this collateral plugin. It is the largest liquid staking token in DeFi, and so presents an strong RToken asset-backing opportunity. The yield generated comes from Ethereum staking rewards. Rocket Pool Staked Ether ($940M) @Rocket_Pool also offers a staked Ether token, which has a collateral plugin. ETH+’s other collateral asset is rETH. This yield too comes from Ethereum staking rewards. As a smaller yet fast growing protocol, it may prove especially useful in ensuring the network’s security remains diversified. Morpho ($387M) @morpholabs is one of the newer entrants to the RToken collateral plugin portfolio. RTokens can be collateralized using Morpho’s DAI, USDT, USDC, WETH and WBTC markets and the yield generated is paid by those borrowing using Morpho. Stargate ($371M) @StargateFinance is a crosschain liquidity platform. Users on mainnet can collateralize RTokens with Stargate USDT and USDC deposits, and users on Base can do so with USDC deposits. The fees the liquidity transfers generate are the source of this yield. Naked Assets Finally, RTokens can be backed by a variety of assets that are not deposited into protocols. As such, they do not generate yield for holders. These include: @tether’s USDT ($84B), and EURT ($38M) @Circle’s USDC ($25B) @Paxos’s USDP ($486M) @tusdio's @TUSD’s TUSD ($3.37B) @WrappedBTC’s WBTC ($4.8B) @ethereum’s WETH ($5.2B) @MakerDAO’s DAI ($3.8B) Closing These are all the collateral plugins for now. If RTokens are to fulfill the Reserve ecosystem’s mission to increase adoption and access to sustainable, inflation proof, stable currency, the collaterals available will have to grow to meet diversification and liquidity demand. If you’re a protocol or dev interested in unlocking new uses for your ecosystem, please dive into the RToken collateral plugin development page on GitHub below and reach out to the core team through Discord.

@AntroCanal This was a big Day for Suriname and Venezuela, That google maps finally corrected the mistake, where they were showing our territories as part of Guyana. we must not stop and continue the awareness campaign, slowly the whole world will realize the truth.

@moby_app Venezuela 🇻🇪

Let us test something real quick: #LATAM Moby users, drop a ❤️ and let us know where you're from in the replies. ¡Te vemos! 👋

🔊 SOUND ON! Near-zero fees, lightning fast, asset-backed currency factory for all? Impossible. Think again: Reserve has landed on @BuildOnBase 🔵 H/t to @jessepollak and the Base ecosystem! What is Reserve Protocol? Reserve is a free, permissionless platform on Ethereum and now Base to build, deploy and govern asset-backed currencies referred to as “RTokens.” RTokens are always 1:1 asset-backed, allowing for permissionless minting and redeeming on-chain by users without the need for any middlemen. Each RToken can have an entirely different governance system and is governed separately by ecosystem stakers. The protocol completed its 5th audit with @code4rena and reached the “all-clear” in Feb 2023. It currently has an industry-leading $5M bug bounty on @immunefi. What has Reserve achieved so far? Reserve has made leaps since the all-clear seven months ago. Six RTokens have already been deployed by the community. The protocol has grown to $30M TVL and these RTokens have had a cumulative volume of over $340 million, across onchain and offchain uses. ~6% of the circulating RSR supply has been staked on RTokens to participate in governance, earn a share of yield and provide overcollateralization. The protocol has also forged deep relationships in the @CurveFinance, @ConvexFinance and @StakeDAOHQ governance ecosystems. The flagship Reserve safety mechanism - staker overcollateralization - was stress tested during the Mar 2023 run on SVB and the subsequent depegging of several stablecoins. Electronic Dollar (eUSD), the first RToken, autonomously recapitalized without a regulator backstop and before the banks reopened. The Reserve launch brings self-healing currency to Base. Why deploy to Base? DeFi should expand far beyond a few thousand power users. Base’s lower transaction fees will enable people who are interested in using yield bearing stablecoins to actually use them without having all benefits wiped out by gas costs. We want to see millions of RToken users on Base! Ever had a great idea for a stablecoin? How about a flatcoin or an index? Reserve is joining Base so creative protocols and entrepreneurs may let their economic imagination run wild on this lightning fast, near-zero fee network. Why deploy now? We believe that Base can be a leading L2 network in terms of accessibility and TVL. There is significant opportunity for the Reserve Protocol to grow alongside the Base network. This could accelerate Reserve’s mission to increase adoption and access to sustainable, inflation proof, stable currency for everyone. Base-ready collateral plugins for @AaveAave, @StargateFinance, @Coinbase staked ETH, as well as naked USDC and DAI are live now with @CompoundFinance coming soon. Ready to get started? Check the links in the tweet below.

It's always annoyed me how origin stories and motivations get so warped they become fake. Here's the Reserve origin story. While it doesn't cover every detail, I hope it gives you a real sense of how Reserve emerged. youtube.com/watch?v=KU0xvJ… This is part of the new series called Notes on Reserve, where we disseminate info on a whole host of subjects that don't come up in the day to day.

Some might wonder: if Reserve is meant to produce asset-backed currencies indexing the world economy that are a true backup for fiat failure, why is everyone focused on yield strategies and DeFi users? 🤔 The answer is: (a) testing 🔍 (b) learning 👀 (c) momentum 🌊 A short 🧵

@ReserveLodge Hi 😄👋🏼👋🏼

Say hi if you are still here.

Jacinto Convit, the scientist who developed the vaccine to fight leprosy and was still working to find a vaccine for cancer on his 100th birthday. Described as a popular hero, he never charged a person for the care he gave [read more: buff.ly/2L9dwOF]

NEWS: Compound (@compoundfinance, $COMP) community is discussing creating $compUSD, a new dollar-denominated RToken. At a $2 billion marketcap, this would create $13 million revenue share to $RSR stakers. SEE HERE: comp.xyz/t/community-fe…

1/ Reserve has refreshed its brand, and has a new website. Experience it at reserve.org. Drop in to the backstory 🧵

JUST IN: New @reserveprotocol Website is out! 💯 $RSR ecosystem has everything to begin its exponential growth this year! #BaseChain @BuildOnBase $CRV $CVX