EXEEDME (@exeedme) • Hey
Crypto Lover
Publications
- **There’s a Planet Made of Diamonds:** 55 Cancri e, a planet 40 light-years from Earth, is thought to be composed largely of carbon, with a third of it possibly in the form of diamonds.
- **Wombat Poop is Cube-Shaped:** Wombats produce square-shaped droppings, which helps prevent them from rolling away and may aid in marking their territory.
- **The Eiffel Tower Can Be 15 cm Taller During the Summer:** The iron structure expands in the heat, causing the tower to grow slightly in height during warm weather.
- **Humans Share 60% of Their DNA with Bananas:** While it may sound surprising, humans and bananas share a significant portion of their genetic material, underscoring the common ancestry of all living organisms
- **Hot Water Freezes Faster than Cold Water:** Known as the Mpemba effect, this phenomenon occurs under certain conditions, although the exact reasons why are still debated among scientists.
- **Honey Never Spoils:** Archaeologists have discovered pots of honey in ancient Egyptian tombs that are over 3,000 years old and still perfectly edible. Honey’s composition makes it resistant to bacteria and mold.
- **A Day on Venus is Longer than a Year on Venus:** Venus rotates on its axis very slowly, taking about 243 Earth days to complete one rotation, whereas it takes about 225 Earth days to complete one orbit around the Sun.
- **Octopuses Have Three Hearts:** Two pump blood to the gills, while the third pumps it to the rest of the body. Their blood is copper-based, which gives it a blue color.
- **Bananas are Berries, but Strawberries Aren't:** Botanically, bananas qualify as berries, while strawberries do not. This classification hinges on the fact that berries are simple fruits stemming from one flower with one ovary and typically have several seeds
- Archaeologists have found pots of honey in ancient Egyptian tombs that are over 3,000 years old and still perfectly edible. Honey's long shelf life is due to its unique chemical composition: it's low in water and high in sugar, creating an environment that is inhospitable to most bacteria and microorganisms. The bees' process of making honey, which includes the addition of enzymes, also contributes to its preservation.
- Gm frens! I have just entered to an interesting building 🐘 🐘 😊…I like the design, what about you? ☺️
- Dream big and dare to fail
Dream big and dare to fail
- The dust on the crust returned to Hokkaido, Japan. The sun is bright during the day, warm and pleasant, but at night, it is bitter. This weather mode causes sad snow, known as the dust on the crust. Under the seemingly beautiful unrelated electric power sector, ice and crispy snow lurking. This is something that hates.
With the acceleration of winter coming in spring, I want to relive the article "Dust on the Cruise" published a year ago. In this article, I proposed how to create a comprehensive supporting legal stable currency method. The existence of the stable currency does not depend on the Tradfi banking system. My idea is to combine the multi -cryptocurrency hedge with the short -term sustainable drop loss of the bearing to create a synthetic legal currency unit. I named it Nakadollar because I imagined that the use of Bitcoin and short -term XBTUSD "sustainable" swelling as a way to create a synthetic US dollar. I promised to support a reliable team at the end of the article, trying to turn this idea into reality.
How big is a year's change. Guy is the founder of Ethena. Before participating in Ethena, Guy worked at a hedge fund worth $ 60 billion and invested in special circumstances such as credit, private equity and real estate. GUY captured garbage coins during the summer of 2020, and never turned back since then. After reading "The Dust on the Crusher", he was inspired and decided to launch his own synthetic dollar. But as all the great entrepreneurs did, he hoped to improve my original thought. He did not use Bitcoin, but created a synthetic US dollar stabilizer using Ethereum.
GUY chooses Ethereum because Ethereum network provides native income. In order to provide security and handling transactions, Ethereum network validators directly pay a small amount of ETH for each block by protocol. This is what I call ETH pledge yield. In addition, because Ethereum is now a shrinking currency, the prices of Ethereum/USD long -term, futures and sustainable drop transactions have continued to be higher than the spot. This is the root cause. Short -term perpetual drop -down holders can get this premium. Combining the actual -owned ETH with a short -term or US dollar loss of the short -term swelling position, creating a high -income synthetic US dollar. As of this week, the pledged Ethena USD (SUSDE) currently has an annual yield of about 50%.
Without a team that can be executed, no matter how good it is, it is meaningless. Guy named his synthetic dollar to Ethena and formed a rock star team to start the protocol quickly and safely. Maelstrom became a founding consultant in May 2023. As a transaction, we received token for token. I have worked with many high -quality teams in the past, and Ethena's staff has completed the task without cutting corners. For 12 months, Ethena's stable currency USDE is only 3 weeks after the main network is online, and its circulation is close to 1 billion (TVL is $ 1 billion; 1 usde = 1 USD).
I believe that Ethena can surpass Tether to become the largest stablecoin. This prophecy takes many years to achieve it. However, I want to explain why Tether is the best and worst stable currency in the cryptocurrency field. It is the best because it may be the most profitable financial intermediary in TRADFI and encryption. This is the worst, because Tether's existence is to make its poor Tradfi bank partners happy. The jealousy of the bank and the problems brought by Tether's guardians of the US Peace Financial System may immediately lead to the end of Tether.
For all misleading Tether Fudesters, I want to say clearly. Tether is not financial fraud, nor did Tether lie to it. In addition, I have the greatest respect for Tether's founders and operators. But forgive me, Ethena will shock Tether.
This article will be divided into two parts. First of all, I will explain why the United States, the U.S. Treasury, and large US banks with political backgrounds want to destroy Tether. Secondly, I want to discuss Ethena in depth. I will briefly outline the construction of Ethena, how it maintains linked to the US dollar, and its risk factors. Finally, I will provide Ethena's valuation model for governing the tokens.
After reading this article, you will understand why I believe that Ethena is the best choice to synthesize the US dollar in the encryption ecosystem.
Note: The legal stable currency supported by the physical support is the tokens that the issuer holds the legal currency in the bank account, namely Tether, Circle, First Digital, etc. Synthetic statutory stable currency is a tokens that the issuer holds cryptocurrencies and uses short -term derivatives for hedging, namely Ethena.
Jealous green
Tether (code: USDT) is the maximum stable currency measured by circulating token. 1 usdt = 1 dollar. USDT is sent between wallets such as Ethereum and other chains. In order to maintain linked, Tether holds $ 1 for USDT in the bank account in the bank account.
Without the US dollar bank account, Tether cannot perform the function of creating USDT, hosting USDT, and redeeming USDT functions.
Creation: Without a bank account, USDT cannot be created because traders cannot send US dollars.
US dollar hosting: Without a bank account, there is no place to hold USDT USD.
USDT's redemption: If there is no bank account, USDT cannot be redeemed because there is no bank account that can send the US dollar to the redemption.
Having a bank account is not enough to ensure success, because not all banks are equal. Thousands of banks around the world can accept US dollar deposits, but only some banks have the main account in the Fed. Any bank that hopes to use the Fed to perform its obligation to perform its obligations as an agency of the US dollar must hold the main account. The Fed reserves a complete free discretion of which bank's main account is granted.
I will quickly explain the operation of the business banking business.
There are 3 banks: A, B and C. Bank A and B are located in two non -US judicial jurisdictions. Bank C is an American bank with a main account. Bank A and B hope to transfer the US dollar in the legal financial system. They each applied for the use of bank C as agents. Bank C evaluates the bank's customer group and approve.
Bank A needs to remit $ 1,000 to Bank B. The capital flow was transferred from the account of bank A in bank C to Bank B's account in bank C in bank C.
Let's change the example a little, add bank D, it is also a US Bank of America with the main account. Bank A uses C Bank as an agency bank, and Bank B uses bank D as an agent bank. What happens when Bank A wants to remit 1,000 US dollars to Bank B? The flow orientation of funds is that bank C transferred $ 1,000 from its account at the Federal Reserve to Bank D's account in the Fed. Bank D finally deposited $ 1,000 into the account of Bank B.
Generally, banks outside the United States use agency banks to call the US dollar globally. This is because once the US dollar flows between different jurisdictions, liquidation must be performed directly through the Fed.
I have been engaged in the cryptocurrency field since 2013, and usually, the banks that you deposit in the Capital Crypto Exchange in the French currency are not a bank registered in the United States, which means that it depends on the Bank of America with the main account to handle fiat currency deposits And withdrawal. These smaller non -American banks desire for deposits and bank cryptocurrency companies because they can charge high costs and do not need to pay any fees for deposits. Globally, banks usually urgently need cheap US dollar financing because the US dollar is global reserve currency. However, these small foreign banks must interact with their agent banks to handle the US dollar access business outside their residence. Although the proxy bank tolerates these fiat currencies related to the encryption business, no matter what reason, sometimes some crypto customers will be removed from smaller banks at the request of agency banks. If small -scale banks do not comply with regulations, they will lose the relationship between agency banking and the ability to transfer the US dollar internationally. A bank that lost the ability to transfer the dollar is equivalent to walking dead. Therefore, if the agency bank requires, small banks will always give up cryptocurrency customers.
When we analyze the strength of Tether's bank partners, this agent bank is essential.
Tether Bank partners: Britannia Bank & Trust, Cantor Fitzgerald, Capital Union, ANSBACHER, Deltec Bank and Trust.
Among the five banks listed, only CANTOR FITZGERALD is a bank registered in the United States. However, none of these five banks did not have the Fed's main account. Cantor Fitzgerald is a first -level dealer to help the Fed in implementing open market operations, such as buying and selling bonds. Tether's ability to transfer and hold the US dollar depends entirely on the rise of the immortal agency bank. Considering the scale of Tether's US Treasury investment portfolio, I think that their cooperation with Cantor is essential to continue entering the market.
If the CEO of these banking industry fails to obtain Tether's equity in exchange for bank services, they are fools. When I introduce each employee income index of Tether later, you will understand the reason.
This is why Tether's bank partners perform poorly. Next, I want to explain why the Fed's business model does not like Tether's business model, and why fundamentally has nothing to do with cryptocurrencies, and it is related to the operation of the US dollar currency market.
Full Reserve Bank
From the perspective of Tradfi, Tether is a completely reserved bank, also known as Narrow Bank. Fully reserved banks absorb deposits without lending it. The only service it provides is to remit money back and forth. Because the storage households do not face any risks, it almost does not pay the deposit interest. If all storage households are required to refund at the same time, the bank can immediately meet this requirement. Therefore, this name -completely reserves. In sharp contrast to some reserve banks, the bank's loan scale is greater than the foundation of deposit. If all the storage households ask for funds from a part of the bank at the same time, the bank will go bankrupt. Part of the reserve bank pays interest to attract deposits, but the reserves are risky.
Tether is essentially a US dollar bank that provides US dollar trading services driven by public chain. No loan, no funny things.
- Challenges are what make life interesting and overcoming them is what makes life meaningful
- Market Makers run the biggest counterparty risks!
Market makers can't ignore due diligence. They take huge risks!
#web3 #crypto #podcasts #web3podcasts
- Oh to be a sheep lazily nibbling grass on a hill
Oh to be a sheep lazily nibbling grass on a hill😀
- Lens first Video
My lens first video
- Privacy First Design Principles always make me happy...
- Experience is a hard teacher because she gives the test first, the lesson afterwards.
- Challenges are what make life interesting and overcoming them is what makes life meaningful
- It’s always better to shock people and change people’s expectations than to give them exactly what they think you can do
- new game changer web3 social
- Be sure you put your feet in the right place, then stand firm.
- Many of life’s failures are people who did not realize how close they were to success when they gave up.
- $BONSAI #statistics on https://lenscan.io/ by @lens/daoleno ! 📈
See personal revenue on your profile:
https://lenscan.io/profile/bonsai
Or the overall revenue in $BONSAI across @lens/lens
https://lenscan.io/revenue/profile?tab=BONSAI
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100% of this posts collects in $BONSAI go to mirrors!
#RainBonsai #PowerOfLens
- blobs are coming .oO
mint this piece to celebrate the ethereum history! all proceeds go to cover cost of production and as a donation to protocol guild: a collective of ethereum core contributors 👇
https://zora.co/collect/zora:0x72d07beebb80f084329da88063f5e52f70f020a3/1?referrer=0x714b831eB02FE854283219B2B9f1c6951f46Dcb9
- Yes really underestimated how much CL is putting effort in securing price feeds ans ensuring high quality of these feeds. There is always a new oracle provider popping out to compete with minimal effort on their infra.
- ⚡️ ✨ 🌳 ✨ 🌳 ✨ ⚡️
You can now tip any post or profile with $BONSAI on Buttrfly without the target user having to set anything up. Frictionless tipping on every post including directly from the feed!
- what's wrong with my handle ?
- hello
- 👋 What’s up Lens community! 👋
We’re Bitski, the NFT and digital collectible wallet for everyone and we’re excited to be here!
To celebrate our genesis post, we’re dropping a @lensprotocol 🤝 @bitski.lens Open Edition NFT! Be sure to follow and collect to keep up with us! Here’s how to collect the NFT:
1. Tap “**follow**”
2. Click “**collect**”!
More on Bitski:
You can access your wallet with just an email + password, check the latest NFT alpha, and manage all your wallets in one place.
Download the Bitski iOS wallet here: https://bit.ly/BitskiiOS
Browser extension: https://bit.ly/ExtensionEmail
- Live music performance at CDG Airport 🤌
🇫🇷🎶🎶🎶👩🎨👩🎨👩🎨
- Only 1 hour left in our auction for the Smurfs by André statue collection! 🔥🔥🔥
Place your bid now for a chance to own one of these works of art PLUS a Legendary Smurf NFT designed by André 🙌
https://rarible.com/the-smurfs-society-andre-saraiva-collection/items
- Gm frens,plz say 👋GM👋 back to me!
Try launching a new promotion with wav3s (0.1wmatic each, totaly 5Wmatic). The rule is that people who ▶️follow me ▶️mirror ▶️collect this post will be rewarded.
Unfortunately, I can't set a rule for anyone who says GM to me to get a reward. Think about developing this feature haha@wav3s
- Gm frens,plz say 👋GM👋 back to me!
Try launching a new promotion with wav3s (0.1wmatic each, totaly 5Wmatic). The rule is that people who ▶️follow me ▶️mirror ▶️collect this post will be rewarded.
Unfortunately, I can't set a rule for anyone who says GM to me to get a reward. Think about developing this feature haha@wav3s
- Goerli eth has 8x'ed today ffs 👀 . What’s popping? Did it get listed on Binance or something 💀
- MEETVERS TOKEN
What if there would be a way to record the profile score into a blockchain, so every user, app and project could access it directly? We've found a way! 😳
From now on, every collector of our #MeetversScore posts not only gets a nice visual overview, but also a corresponding amount of Meetvers tokens!
Collecting this post gets you a special Denver edition 🤩
Let us cook! 🧑🍳🪐
- gm frens!
Come hang out and chill with us today Feb. 26 at 8pm at @zerion.lens house.
To get the location #collect this post and we’ll share it in DMs
We’re throwing a #cozy web3 pre-meet & greet before ETHDenver starts next day/week 🙂
Food&Drinks: We’ll order some pizzas & beers, but #BYOB if you can.
Some activities to do:
⁃ Tarot fortune telling
⁃ Xbox
⁃ Monolopy
⁃ Fussball
⁃ Web3 talk, or sharing cat memes
⁃ Do something at our backyard
- Who's the DeFi GOAT? Tag them below
- GM friends
Say hello to my baby daughter 😍
- Two mics so the people in the back can hear @stani.lens at the **European Blockchain Convention** in Barcelona 🇪🇸 talking about 'The Future of Money and Stablecoins'
- DeFi developers - the @gho docs & SDKs are live for building on Goerli Testnet 👻
- GHO & Aave V3 Contracts & Source Code
- GHO JavaScript SDK
- Learn GHO tutorial
- Integrate GHO tutorial
For example, you can mint GHO in as little as 14 lines of code:
https://docs.gho.xyz/developer-docs/overview
- It’s GHO time! We are now live on Ethereum’s Goerli Testnet!
**GHO’s Codebase**
The GHO code is public and available on GitHub: https://github.com/aave/gho-core
**Bug Bounty**
Help us squash bugs! Follow the governance forum to learn more about bug bounties
https://governance.aave.com/t/gho-development-update-testnet-release/11631
**Next Steps**
- Get involved here: https://twitter.com/AaveAave/status/1623683916665360384
- Get started at gho.xyz and follow the GHO journey @gho.lens
- Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- gm 🤙🏽
- ⚠️ DO NOT SCAN ⚠️
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Unless you want early access to a cool new XMTP app 😉
- Thank you at NFT Paris for this amazing opportunity to meet so many projects expanding the horizon of web3 🌤️
Our team had a great time and are heading back to Belgium full of ideas and big expectations for 2023 🎉
Together, Invincible 🍄💙
- 15k participants in ETHDenver and 2.4k with Lens profile 🔥