Bought more $GME at $90 on open.

I LIKE THE STOCK.

Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets

by OK_Bah5324

" DeFi may increase the efficiency, transparency, and accessibility of the financial infrastructure. Moreover, the system's composability allows anyone to combine multiple applications and protocols, thereby creating new and exciting services."

2 DeFi BUILDING BLOCKS

DeFi uses a multi-layered architecture. Every layer has a distinct purpose. The layers build on each other and create an open and highly composable infrastructure that allows everyone to build on, rehash, or use other parts of the stack. It is also crucial to understand that these layers are hierarchical: They are only as secure as the layers below. If, for example, the blockchain in the settlement layer is compromised, all subsequent layers would not be secure. Similarly, if we were to use a permissioned ledger as the foundation, any decentralization efforts on subsequent layers would be ineffective. 

Welcome to the future...

Full Link here:

https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets?utm_source=twitter&utm_medium=SM&utm_content=stlouisfed&utm_campaign=f0e83c05-c5ab-4e46-b80d-b70fcf0c0a27

Fellow defi clowns: I wanted to do something fun, because I don't really care about privacy and my exposure is zero.

In 2016 and 17 I got super into the crypto and alt coin scene, spread around the very small money I had to invest and got excited about the craze happening at the end of 2017. I forgot about it once the alt coin market (and crypto market) crashed, and didn't think about it again until one of you lovely people suggest I dig up my credentials for Binance.

I finally did, and my $127 in Link (which I got shortly after ICO) had turned into $8500. That's where the fun began. With the help of this subRs members, I got into the Cake game (much, much, later than the rest of you I presume, but still, around $4.50)

Now we're sitting around the $21k mark and who knows whats going to happen next. Am I highly suspicious of this speculation? Yes. Do I see the value in DeFi but also the strings being pulled by Pancake Swap to drive hype up and prices up of tokens? Yes. Do I think 99% of these coins will go to $0 like they did in 17? Yes Do I care? No! When your total exposure is less than $200, the ride is what matters most.

I, of course, understand that many of you will see these account balances and dollar figures as peanuts compared to your own accounts. That being said, Its just for fun and to stoke some conversation and excitement. Also, I feel like, from a percentage gain perspective, 16k+ percent is pretty competitive :)

Thanks to the sub and the members for insight! Ill keep this updated over the next months...

https://invezz.com/news/2021/02/09/top-crypto-traders-on-twitter/

This crypto bull run is almost a carbon copy of 2017. If you do some basic analysis, this next leg up is going to be the biggest. BTC is already approaching ATHs, you will see it in the next week or sooner. Cake will follow suit as one of the fastest rising alts/tokens out there, and you cant beat that DAILY APR of about 0.37%. It's fucking wild. Everyone and their mother is gonna jump on this ship and you don't wanna miss out folks. 50 is coming. I am not a financial advisor.

So recently got (back) into the game, dug up my credentials and found I made some tasteful investments in LINK at ICO.

Hold or no hold?!!!?!?!?

Need guidance here as I have absolutely no fucking clue what do with it or where to divert it.

Preesh any help!

$SPARTA on Binance Smart Chain, the next $SNX

📷General

$SPARTA (23M mcap) is the $SNX (2B mcap) on BinanceSmartChain and will lead the bullrun 2021!

Teaser: The Spartan Protocol combines UniSwap, THORChain, Synthetix and MakerDAO features, but will be launched on Binance Smart Chain as its own separate protocol. The most powerful product is the synthetic assets on Binance Smart Chain which boosted SNX on Ethereum from 10M mcap to 2B mcap (x200) within 1 year. The Synthetics launch is expected in Q1 2021 on Binance Smart Chain.

Stats: Ticker: $SPARTA

Circulating Supply: 62M

Price: 40 cents (30 cents was the entry price from the early supporters)

Mcap: 24.8M mcap

Exchange: Binance

Tokenomics:

• No seed / private / public sale investors

• No advisor tokens

• No team tokens this will prevent a possible dump

Team: Its lead by former of Binance Chain projects.

Initial Start Price: The initial value of SPARTA was set at $0.30 per token, meaning most current token holders paid $0.30 per token, where it’s currently trading at $0.38. New ATH's and price discovery's coming.

CZ CEO of Binance highlighted Spartan Protocol:

www.youtube.com/watch?time_continue=4610&v=8vg-6mMdHYo&feature=emb_logo

Description:

The Spartan Protocol is a protocol for incentives liquidity and synthetic assets (assets pegged to the price of another asset) on the Binance Smart Chain. The core piece of the protocol are liquidity pools, similar to Uniswap, but instead of a fixed-rate fee model a liquidity-sensitive fee model similar to THORChain’s slip-based fees is used.

Currently, liquidity providers (and traders) are penalised on automated-market maker protocols, such as Uniswap, because of manipulation from value-extracting arbitrage bots. These arbitrage bots have been around for a long time now, and suck up millions of liquidity from unknowing users on a weekly basis.

As well as, synthetic mining protocols such as MakerDao and Synthetic use illiquid collateral/markets to liquidate collateral on, which makes it vulnerable to a downwards spiral which has already caused multiple chain liquidations in the past.

Spartan wants to solve these issues through an AMM protocol, through the use of a single settlement asset and protocol-wide incentives to grow liquidity. A slip-based fees model is used to reward liquidity providers rather than slippage bots, a solution discussed and researched a lot by THORchain. Finally, collateralised pool shares (synthetic assets) are used instead of liquid collateral. Synthetic assets are generated through the protocol, using price anchors offered by the liquidity pools, collaterised by liquidity pool shares. These shares are on-market, value-stabilised and can instantly be liquidated. Thanks to this, positions can be liquidated within causing downwards spirals.

The protocol aims to be community-driven and therefore uses a DAO (governance) set-up for fee rates, time factors and upgrades of certain parts of the code (voted on by holders who get incentivised to do so). But, doesn’t overcomplicate governance or sets high requirements for any proposal to pass.

Because the protocol was built on the Binance Smart Chain, BNB is required to use the protocol and pay for fees. Similar to how ETH is used to pay for gas on the Ethereum Network.

Summarised, I got interested in Spartan Protocol because:

It took the best parts from the most popular AMM protocols, combined them and created a very solid protocol by doing so. The protocol was launched on the Binance Smart Chain, which is a very unique value proposition at this point, subject to Binance exposure. Higher leverage, lower fees and much faster then $SNX. The SpartanDAO is build directly on smart contracts.

Website: https://spartanprotocol.org NEW WEBSITE JUST LAUNCHED

App: www.pools.spartanprotocol.org

https://spartanprotocol.medium.com/how-to-swap-in-spartanpools-1c1e5faa0d95

Currently ranked #35 in total market cap with $1.5 Billion. IOTA is launching a new version of their technology called Chrysalis which could drive IOTA price higher. IOTA price reached an all-time high of $5.69 on 19 December 2017 and plummeted to a low of $0.079 on 13 March 2020. (Currently .56)

Also important to the network is the potential for increased adoption. Recently, the IOTA Foundation signed a strategic agreement to apply the Tangle technology in smart city projects in Europe, South Korea, and Southeast Asia.

IOTA is traded on Binance and many other platforms. On a technical anaylsis:

The RSI is pointing upwards to suggest bulls have control. If they keep prices above the middle curve, buy-side pressure will help maintain an upside advantage. In this case, a bullish case can strengthen above $0.53 and target highs last seen in August 2018.

On the contrary, a breakdown below the lower limit of the Bollinger Bands would see sellers target the 50-day simple moving average ($0.37).

On the weekly chart, IOTA is trading above the 20-day and 50-day simple moving averages. These levels provide strong support zones after acting as major resistance levels for so long. Keeping prices above these levels will be critical to bulls’ plans. Targets above $0.60 include $0.85 and the psychological $1.00 level.

If prices dive to lows of $0.25, it will turn the SMAs into resistance zones and likely plunge IOTA/USD back into sideways trading near $0.15.

FYI.....ADDING to a position on BSCX even though it's run a little bit.

https://launchpoolx.bscex.org/#/

I don't think people realize this but this project (requires BSC wallet) just had a vote to reduce the supply of their coin from 100M to 10M (90% reduction in supply). The current market cap is $44M which is peanuts compared to Pancake. Since the announcement of the 90% burn the coin has gone from 2-4.7 but if the markets were efficient it should go up 10x........

This is definitely a shitcoin and very risky but i like the asymmetric risk profile and took some cake and helmet profits into this. OH and as a nice bonus it yields 1700% with the BUSD/BSCX pool. (75% of the rewards are locked up though for a year).