arojas20

@eldoradoio Buy Bitcoin

¿Que harían ustedes con 50.000 USDT?

@mattimost Yes!

New Gov Proposal - eUSD Rev Share for Fintech Apps Distribution is critical and at the same time very difficult for stablecoins. At the same time, eUSD has an overabundance of overcollateralization. This creates an interesting opportunity for eUSD governors to potentially grow the usage and market cap of eUSD. Proposal: eUSD should share underlying revenue with distribution partners, starting with fintech apps, who use and promote eUSD for their customers. TLDR Reasoning: This could lead to the revenue for governance being overall higher in the long term even though it means giving up some yield right now. Why does eUSD need distribution? Distribution for stablecoins is hard. Circle, Paxos and other stablecoin issuers spend large amounts of capital partnering with companies and platforms to increase usage of their respective stablecoins. This oftentimes comes in the form of sharing the underlying yield with partners and platforms to promote usage of their respective stablecoins. These partners then use this revenue to either fund their business model or share it with users in the form of “rewards” to incentivize users to deposit more funds into the stablecoin balances. A prime example of this is USDC and Coinbase. Coinbase has been a close partner of Circle since the consortium was originally launched almost 6 years ago. Today the partnership generally functions like this: > Coinbase and Circle will continue to generate revenue from USDC reserves interest income. Under the parties’ new arrangement, this revenue will continue to be shared based on the amount of USDC held on each of our platforms, and additionally we will now equally share in interest income generated from the broader distribution and usage of USDC. This enables Coinbase to have a Rewards program, currently offering over 5% yield to customers who hold USDC balances on Coinbase and generally, USDC underlying revenue share has become a huge piece of Coinbase’s overall revenue as a public company. And Coinbase is probably the primary way that people around the world access and use USDC. It is a valuable partnership for both parties! The USDC pie has grown larger over time, as have others before like Visa (see image). How can eUSD governors test out a program like this? eUSD governors should create a public program for fintech apps who promote eUSD usage on their platforms and give those platforms flexibility on how they would like to use their portion of underlying yield generated by the eUSD balances on their respective platforms. Since this is 1) a test and 2) a growth promotion, I propose that eUSD governors share 100% of the underlying yield generated by fintech platforms’ balances as a test period, and over time scale this back once the program has been proven to work. Fintech apps can use this revenue however they deem most effective. They can share it with users in the form of “Rewards”, similar to Coinbase. They can also just use it to fund operations. Or something else that we can’t think of right now. The beauty of a program like this is that it harnesses the creativity of other active small teams to grow the usage of eUSD with a simple aligned incentive model. Proposed Program and How It Works This will be a test. It won’t be perfect and it will likely require some small operational overhead. - Fintech apps can submit their customer wallet addresses and a yield destination address in the forum. - eUSD governance can add these destination addresses to the eUSD revenue distribution table. - Every month (or every two weeks), governance can check fintech wallet balances, and if changed by ±2%, then propose and execute a proposal to shift the revenue share of eUSD. - The eUSD yield distribution % for each fintech app will be the % of eUSD supply held in the fintech app wallets. If this program takes off and certain fintech apps get to much larger scale, governance can shift the revenue share back from 100% of underlying revenue. But for now, to promote growth it can start at 100% to give apps the best chance at success. Can eUSD afford this? Short answer is, I believe, yes. The overcollateralization for eUSD has been around 100% for many months now. No platform or stablecoin in the basket has more than 50% exposure. eUSD governance is currently funding something that is overfunded! A potential long term policy might be to set a target overcollateralization level and only decrease the revenue share for fintech apps if/when needed to maintain that percentage. - For instance, eusdRSR could target 50% overcollateralization. If the eusdRSR overcollateralization dips below that number, the revenue share with fintech apps could be reduced until that number is maintained. - 50% might not be the right number here, it might be anywhere in the range of 25% - 50%, probably depending on the assets and protocol exposure in the basket and the expected loss scenarios of those assets/protocols. The largest single exposures in today’s basket is Aave v3 at 50%, USDC at 50%, and USDT at 50%. FAQs Will fintech apps be willing to trust eUSD governance to continue to pay this revenue share? - For now, this will require some trust by fintech apps in eUSD governance to continue this program. Ideally these partnerships can be encoded in smart contracts in the future to enable various fintech apps to rely on eUSD yield as a part of their business model. Why should fintech apps use eUSD instead of launching another RToken with a more reliable yield share model? - Bigger stablecoins are most useful to consumers. By using eUSD, fintech apps can rely on the existing market cap, lindy-ness, and existing defi liquidity of eUSD. If multiple fintech apps take advantage of this program, it can also make eUSD more useful to the users in their apps because there will be more ways they can use the balances. How can this be more decentralized, trusted, and automated in the future? - An onchain processor can check balances of wallets and automatically adjust yield share periodically. There are a few potential technical ways to implement this but all of them will require engineering work. Before eUSD governance decides to invest in making this more robust, we should test out the “handshake” version with monthly governance proposals and yield share adjustments. Won’t this lower the yield on eusdRSR? - Not very much in the short term. The eUSD marketcap that comes from these fintech app balances will mostly be net-new marketcap of eUSD. What it will do is lower overcollateralization of eUSD, but as mentioned above, eUSD can likely afford quite a bit less overcollateralization. The hypothesis here is that increasing the distribution of eUSD with more consumers worldwide will increase the overall eusdRSR revenue in the long term. - Current Sentz Bridge Balance is $510,002 eUSD → ~$35k annually at today’s rates. - Current Ugly Cash Balance is $783,950 eUSD across two wallets (one and two) → ~$55k annually at today’s rates.

@mattimost @ConvexFinance @CurveFinance Where can I read about veRSR?

veRSR idea is coming together. lots of great feedback from community and from around defi community so far. what would be a good list of gauges to have ready for community to vote and direct emissions to? what am I missing? current list: - @ConvexFinance @CurveFinance LP (eth+arb) - @aerodromefi LP - @StakeDAOHQ @CurveFinance LP (onlyboost) - @CamelotDEX LP pending RToken markets being a thing: - @compoundfinance lending positions - @MorphoLabs lending positions

@nnevvinn Let's gooooooo

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.

@0xgabo @verygoodbanking Very good banking

I’m really excited to introduce our new product: ugly.cash ~ A financial center designed for Latinos from all over the American continent with a focus on those living in the US. Ugly Cash (@verygoodbanking) is here to connect all of the Americas, offering banking to U.S. customers, access to a USD balance with a card to customers in Latin America, and allowing the movement of money between them at no cost. Starting today, we welcome you to the Early Access of @verygoodbanking In this stage, we will have limited access as we phase in full app features. Keep an eye out – Ugly Cash will be gradually making its way into the App Store and Google Play, becoming available in the next few days. arrechísimo!!! vamos!!!

@RevoDeReventa Gratos

@TronLink_EN is down or something? I can't use the chrome extension neither the phone app

Grinding harder than ever during this bear market so we reap the rewards of the bull market 🤝

@poojaasanwal ,👋

making a discord server to code, learn and chill together. drop a 👋 if you want to join!

$btc

¡Hey, amigos! ¿Conocen servicios de internet de fibra o microondas que trabajen en la región andina...? Más específicamente en Valera, Trujillo.

(Resumen para la gente que quiere formarse academicamente o mejorar sus CV pero no tiene los recursos para pagar un curso en 100$ o un semestre en 1300$) Abro 🧶👇

@pierre_crypt0 Haha love CT

Beautiful.

@fogondpalo Palante

Vamos trochando caminos peligrosos, donde perdimos libertades, familia y amores. Otros quedaron en el camino como recuerdos negros a la barbarie. Lo q no podemos perder es la convicción q pagarán. Nos robaron el país, pero nadie nos quita lo baila'o. La jornada comenzó #Estero bd

@fogondpalo Barredera le dicen

¿Nombre?

@jose99alfonso Toche!

@jaoviedog @RodolfoRuizA @arnaldoespinoza Hola, saludos estoy en Uruguay también, por qué aerolínea tiene vuelo? Copa?

@RodolfoRuizA @arnaldoespinoza Mi mamá está en Montevideo y ya tiene vuelo de regreso para el 10 de diciembre

#02Nov | #ÚLTIMAHORA INAC emite nuevo NOTAM mediante el cual se extienden las restricciones a las operaciones aéreas en #VEN hasta el próximo #02Dic. Ello confirmaría lo informado en alocuciones presidenciales en cuanto una eventual reanudación de las ops. aéreas el próx. #02Dic.

@AndresKowalski Cómo uruguay

La Fundación NADBIO ha desarrollado un sistema de TRAZABILIDAD animal en Venezuela, a través del cuál cada animal cuenta con un registro único que lo identifica desde su nacimiento o incorporación al rebaño nacional hasta su disposición final.

@Naky Manden la historia a Netflix

La Llanerita: un drama en tuits bit.ly/367Kg7H -la rara posibilidad de ser idéntica a una sobrina- #Twitterzuela

@josechudm @LuisCarlos Que empresa es está mi pana?

Bueno, debo decir que aún estoy asombrado de ver esto en Maracaibo, 500mbit... Y 250mbit de subida... @LuisCarlos