
Altcoin Degen 🟧 Hey Anon Wagmi (Ø,G)
1K posts

Altcoin Degen 🟧 Hey Anon Wagmi (Ø,G)
@cryptodegen999
Hey Anon Wagmi
















DEFI over the past 5 years did amazing things. It enabled transparency,self custodial , created tokens and grabbed value,attention,volume and what not. But there is still a lot of improvemnets to be made. One of the major venue DEFI was unable to crack was to bring the high volume tokens of pre DEFI era onchain. So most of the volume still remained in cexes, for example like XRP,ADA,DOGE and many more. Also its not an easy task to do and many of the experiments to bring these tokens did not yield satisfying results.We have seen many of these tokens on BSC but never gathered sufficient volume. What were the reasons as anyone do not catch a bid on pegged assets till now?? 1)Lack of liquidity 2)Lack of transparency on the backing of these tokens on native chain. 1) When a trader wants to trade huge volumes,lack of liquidity makes the job very difficult and slippage will be at negative double percent levels. 2)Users need accountability,trust and proof of assets to trade these pegged tokens which somehow many teams failed to do. @universaldotxyz is a perfect solution solving the above mentioned issues by leveraging Coinbase offchain RFQ orderbooks ,holding assets in Coinbase prime custody and users can check underlying asset balances using ZK proofs. Users can buy uassets directly or deposit in native chain and mint them to their favorite available blockchain. For a 100k order on XRP the max slippage is 0.2 % ,which is quite healthy considering the swap fee included. There were six chains available on Universal to mint u assets,but one chain that interests me is @katana Katana as Marc said is a sector specific chain with yield as their special focus.Uassets when minted on Katana need to be actively participated in defi to attract yield ,thus increasing dapp fee and sequencer fee which inturn results into a boosted yields. My base case is even if Katana acquires 1-2 % of trading volume of these cex volume dominated coins it will create a constant volumes of around hundred million dollars everyday,thus effectively kicking in the flywheel. As @universaldotxyz provides transparency and deep liquidity , if Katana can onboard few big traders ,its just a matter of time Katana become central hub for users who were looking for sustainable yield. Here is how you can verify universal assets balnces Visit www dot universaldotxyz / reserves Open the Latest ZK Proof generated on Reserves site press CTRL F and search for assets you are looking for In the below case,i want to check SUI ,the total uSUI balance shown on Reserves site is 1331961 and in the proofs show total available balance is 1335801 which means it is 100% backed by native assets.




















I still think this is the best case scenario for all the crypto degens Buy $ANON to get a $LAMBO and have a beautiful $WIFE wat say degens??





