1 UST for $1 worth of LUNA. The system is designed to take advantage of supply and demand; should demand for UST drop and its price lose peg to the dollar, arbitrageurs (traders who make money from market inefficiencies) will (in theory) sell LUNA for UST until the balance is restored...
staking, andyield farming, all while enjoying the stability of a U.S. dollar-backed asset. The fact thatUSDCis compatible with multiple blockchains, includingEthereum,Algorand, andSolana
When UST is trading below $1, traders have an incentive to buy one UST and exchange it for $1 worth of LUNA to make a profit. As UST is burnt to mint LUNA, the former’s supply would be reduced and its price wil...
USD Coin, or USDC: An open-source project run by a consortium called Centre, USD coin claims to be backed by a combination of cash, Treasury bonds, commercial paper, corporate bonds, and certificates of deposit with foreign banks. A large part of the stablecoin’s appeal is the ability to...
Liquidity is flooding into Algorand's DeFi ecosystem. The total value locked on Algorand hit $270 million for the first time today. Hivemind Capital deployed $25 million worth of capital in Algorand DeFi, giving the ecosystem a liquidity injection. ...
Those are two assets that should be worth the same. So, if I have 100 USDC and I have 100 Tether then 100 times 100 is 10,000. Whenever I’m changing the price and I’m quoting somebody some trade against my inventory, I should always make it so that when I’m done the two ass...
#5 Bitcoin Is a Ponzi Scheme; It’s Not ‘Worth' Anything; There’s No Way to Know How Much Bitcoin Will Go Up or Down in Price I hope I've proven how much value Bitcoin uniquely provides as an asset. If more and more people wish to save some of their wealth using Bitcoin due ...
Well, look no further than cryptocurrencies, where a token designed as a joke about a dog on the internet is now worth billions of dollars. 更多关于 look no further 的用法 ← 请点击这里 Now, that doesn’t make a huge amount of sense to us, either. But here’s a rundown of the bas...
Buy cryptocurrencies known as stablecoins, which are pegged to the value of a particularly currency or commodity. For example, DAI and USDC are both pegged to the US dollar. DeFi is sometimes known as "Lego money" because you can stack dApps together to maximize your returns. For example, ...
Credible has facilitated $6 million in USDC loans over the past three months since its private launch, showcasing strong early adoption and operational efficiency. These transactions, executed on a live network, underscore Credible’s ability to deliver impactful and scalabl...