#basic #intermediate
Defi (decentralized finance) could be a complete rabbit hole, especially for newbies.
If you were going to figure out what kind of buzzword it is for years (you could hear it next to such other buzzwords as cryptocurrency or blockchain), this guide could be your start.
Simple as possible and has examples.
Here are: advanced version in 2 languages, Beginner in one
https://yangx.top/why_defi/4
Defi (decentralized finance) could be a complete rabbit hole, especially for newbies.
If you were going to figure out what kind of buzzword it is for years (you could hear it next to such other buzzwords as cryptocurrency or blockchain), this guide could be your start.
Simple as possible and has examples.
Here are: advanced version in 2 languages, Beginner in one
https://yangx.top/why_defi/4
exploring #terra part 1
#basic
Stablecoin UST
The very core of the ecosystem, used for payments and fees, together with Luna tokens (not a stablecoin) utilized for balancing and ensuring the price of UST = ~$1
> A quick video brief on ecosystem
> Documentation on stablecoin and balancing process
#basic
Stablecoin UST
The very core of the ecosystem, used for payments and fees, together with Luna tokens (not a stablecoin) utilized for balancing and ensuring the price of UST = ~$1
> A quick video brief on ecosystem
> Documentation on stablecoin and balancing process
YouTube
How Does Terra Work?
How does Terra's stability mechanism work? We explain how Terra remains stable utilizing Luna as collateral, the foundation that enables the scalability required for mass adoption.
Let us know your questions in the comments below or in our community channels!…
Let us know your questions in the comments below or in our community channels!…
#basic
What is the crypto wallet and how does it work? Bet your answer isn't correct.
— your crypto isn't stored INSIDE your wallet (TrustWallet or MetaMask) it is stored inside the blockchain. All crypto work on top of a blockchain, remember?
— your wallet is just a UI for your private key to access the blockchain. When you create a wallet via the app, you generate seed phrase > private key > public key (in this exact sequence)
— you can "create" a blockchain address fully offline, your seed phrase and private key may never touch the internet. It is the safest way to store it
— you can memorize the seed phrase and make your memory — the only way to access your crypto
About "creating" the wallet."Create" is not technically the right word in terms of crypto address. The address may "exist" only in terms of whether or not somebody has the private key to access it. When you generate your seed phrase, you also generate a private key assigned to some address and because of it, create/ obtain it
What is the crypto wallet and how does it work? Bet your answer isn't correct.
— your crypto isn't stored INSIDE your wallet (TrustWallet or MetaMask) it is stored inside the blockchain. All crypto work on top of a blockchain, remember?
— your wallet is just a UI for your private key to access the blockchain. When you create a wallet via the app, you generate seed phrase > private key > public key (in this exact sequence)
— you can "create" a blockchain address fully offline, your seed phrase and private key may never touch the internet. It is the safest way to store it
— you can memorize the seed phrase and make your memory — the only way to access your crypto
About "creating" the wallet.
exploring #terra part 2
#basic
Anchor protocol
The "Federal Reserve" of the Terra ecosystem with current TVL of $19,5 billion.
Regulates the "price of money" by changing the funds' rate, considering the supply/ demand on the UST stablecoins.
First of all, Anchor is a landing protocol, where one side, lenders, can land UST for interest.
Another side, borrowers, can borrow this UST using collateral in their possession — bonded/ minted version of ETH, LUNA, etc. to ensure payback.
Anchor sets a fixed landing rate monthly. It also stakes collateral and earns extra interest because of it.
The borrowing rate is flexible.
If interest from staking the collateral + interest payments from borrowers fully cover the fixed landing rate for this month — the Treasury starts to fill.
Treasury is a reserve, uses to always fulfill obligatory rates against lenders.
Anchor changes fixed land rate every month according to filling or draining the Treasury. yesterday is was lowered from 19,5 —> 18%
It is the entry-level/ lowest risk/ "TIPS" level of investments on Terra.
You can find protocol audits here.
—
In the next part, we will look at the Mirror protocol, where tokenized FAANG stocks live and something riskier going on
#basic
Anchor protocol
The "Federal Reserve" of the Terra ecosystem with current TVL of $19,5 billion.
Regulates the "price of money" by changing the funds' rate, considering the supply/ demand on the UST stablecoins.
First of all, Anchor is a landing protocol, where one side, lenders, can land UST for interest.
Another side, borrowers, can borrow this UST using collateral in their possession — bonded/ minted version of ETH, LUNA, etc. to ensure payback.
Anchor sets a fixed landing rate monthly. It also stakes collateral and earns extra interest because of it.
The borrowing rate is flexible.
If interest from staking the collateral + interest payments from borrowers fully cover the fixed landing rate for this month — the Treasury starts to fill.
Treasury is a reserve, uses to always fulfill obligatory rates against lenders.
Anchor changes fixed land rate every month according to filling or draining the Treasury. yesterday is was lowered from 19,5 —> 18%
It is the entry-level/ lowest risk/ "TIPS" level of investments on Terra.
You can find protocol audits here.
—
In the next part, we will look at the Mirror protocol, where tokenized FAANG stocks live and something riskier going on
Meta-post
Сервисы:
— Defi Lama - ваш проводник в исследовании мира Defi. Позволяет разбивать протоколы по чейнам и категориям, сортировать по количеству продуктов и TVL, и всякое другое
Плейлисты, полезные для понимания основ крипты и DeFi:
— Crypto essentials, Defi, Terra ecosystem 🇬🇧
— More detailed explanation of the Defi 🇬🇧
— Defi examples and modern approaches playlist 🇷🇺
Core материалы:
— Обзор стеблкоинов 🇷🇺
Экосистемы:
#terra
#avalanche
Уровень сложности материала / уровень риска описываемого инструмента:
#basic
#intermediate
#advanced
Сервисы:
— Defi Lama - ваш проводник в исследовании мира Defi. Позволяет разбивать протоколы по чейнам и категориям, сортировать по количеству продуктов и TVL, и всякое другое
Плейлисты, полезные для понимания основ крипты и DeFi:
— Crypto essentials, Defi, Terra ecosystem 🇬🇧
— More detailed explanation of the Defi 🇬🇧
— Defi examples and modern approaches playlist 🇷🇺
Core материалы:
— Обзор стеблкоинов 🇷🇺
Экосистемы:
#terra
#avalanche
Уровень сложности материала / уровень риска описываемого инструмента:
#basic
#intermediate
#advanced