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@TechCryptoPro
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1/ Monetary Evolution: The Ideal Inflation-Resistant Asset This thread aims to analyze the evolution of money, focusing on the need for an inflation-resistant, stable asset that can act as a refuge from traditional financial systems, withstanding long periods of stability.
There is a lot of new attention on $AMPL today.. so here are some basics 🧵: $AMPL is not a stablecoin! So what is it and what does it do?
$AMPL-USDC and $FOXy-FOX pools are live on #Ethereum and tradable on @ElasticSwap 🚀🚀🚀 You can #swap via the ElasticSwap website, provide liquidity, and earn #StakingRewards in our staking pools! The future is #elasTIC
DeFi is to NASDAQ what Bitcoin is to gold. And you should be long both! A thread prompted by @nfergus's always excellent Sunday column. NASDAQ dropped 78% during the 2000 crash, and people wondered if the Internet would amount to anything. bloomberg.com/opinion/articl…
The prospects for DeFi are different, as @mrinconcruz has argued. Just as the skeptics missed the beginnings of Big Tech in the wake of the dot-com bust, so today’s crypto haters are missing the beginnings of a major disruption of the financial system in the form of DeFi. 5/7
👀 $AMPL is currently the largest revenue generator on $AAVE
@AaveAave Stats - 4th of Nov: - $3.54B $USDC = $359k revenue. 21.0% of total. - $1.86B $DAI = $356k rev. 20.8% of total. - $1.09B $USDT = $214k rev. 12.5% of total. - $17M worth of $AMPL = $422k rev. 24.7% of total $AMPL is currently the biggest revenue generator on Aave v2..
It was a big week for $AMPL! Summary 🧵 time! 👷♂️🛠 @chainlink Hackathon 🚀 Launch on @avalancheavax 🧑🌾 Pools & farms launched on @traderjoe_xyz + @pangolindex What's next? $AMPL lending on $AVAX?
Attention, devs! Have an AMPL idea? @brandoniles will be a judge for @Chainlink's Fall Hackathon, where $400k in prizes are up for grabs. This isn't one to miss; register here: chain.link/hackathon
We are very much enjoying meeting you all on our Discord--come share your ideas, hopes and dreams! discord.gg/5CupNFq4 The team simultaneously launched a fun side project-- @marzplots --to keep you all entertained as we continue our work on the future of DeFi :-)
Prepare yourselves... $aAMPL is coming!
Voting for $AMPL on $AAVE is now LIVE! 🥳🎉 $AMPL 🕑 is a unique #DeFi building block which lends and borrows differently. Use your $AAVE to vote on the @AaveAave AIP 12 to add unique performance to the #AAVE platform! app.aave.com/governance/18-…
$AMPL 🕑
If successful #ampl will be the first non-collateralized asset “suitable” to borrow on a major #defi lending platform and the first rebasing asset to be made available on a major lending platform /3
Thanks @StaniKulechov. Stoked to see this proposal moving into on-chain voting. #ampl and #aave is a unique combination. This proposition signals a willingness from the @AaveAave community to integrate an entirely new class of assets. /1
Before $AMPL, we designed Fragments and that had 3 mechanics at its core: Bonds, Fractional Reserve, and Rebase. We never launched it because we thought two of those three mechanics would fail.
1/ It's an exciting day for @AmpleforthOrg 🕑 The aAMPL implementation which will allow $AMPL borrowing and lending on @AaveAave 👻 is tested, audited, and ready to go. Targeting next Tuesday for the onchain proposal
@AmpleforthOrg I'm just going to leave this here. lesswrong.com/posts/P9jggxRZ…
1/n Sharing an essay from last year on “algorithmic stablecoins.” Thank you @evankuo & others for feedback. thinking.farm/essays/2021-01… TL;DR: Coupon coins cannot restore price pegs even with stable demand & liquidity. The protocol itself creates instability.
The World Series of #yldmemes Largest prize pool in DeFi $12k* Show us #Yld #Rfi #Ampl Rules: * Retweet this * Tag 3 friends * Follow @YieldCredit @ReflectFndtn @AmpleforthOrg * Post it on our twitter and on TG t.me/joinchat/Undit… * Fill out form: cutt.ly/CjP1a1u
Guess #AMPL Rebase Competition - $200 in $AMPL to 3 best guessers 1. Reply to this tweet with what % you guess the rebase will be on 10th Dec 2AM UTC 2. Guess has to be % to 3 decimal places Our guess +2.272% AMPL rebase. Paying ONchain on 11th Dec. ALL welcome! @AmpleforthOrg
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