Cyak 🌑
@cryptic_cyak
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self proclaimed autodidact // recovering #lunatic // Repetitio est Mater Studiorum
Joined April 2021
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Cyak 🌑 Retweeted
Let’s just reiterate on v2 until every single person screaming on Twitter is completely satisfied aka when we’re all f*cking dead and buried.
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Final heat map of the S&P 500's performance from today
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Cyak 🌑 Retweeted
The takeaway from Terras collapse isn’t that under collateralised stablecoins don’t work.
It’s that you shouldn’t publicly disclose detailed info that allows a sophisticated party to model out exactly how much they need to depeg your stablecoin.
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Cyak 🌑 Retweeted
Over-Collateralized stablecoins = NOT SCALABLE -> Not adoptable. Collaterals that are are stable are generally not worth investing in at scale. The collaterals must match or beat fiat inflation long run.
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Cyak 🌑 Retweeted
Last one for the night. Here's the
@Cephii1
space from May 17th chatting about $Luna
#Terra
proposals, what next? with
@cryptic_cyak
@trader_fugazi
@mindfire777
@itsJustJuice_
@towqeerdxb
@0xtelperion
and more!
Truth bombs in this one!
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Turn $luna classic into $terra and make it the new launchpad/liftoff (see what I did there) for all NFT’s, I’m assuming IBC could be used so others could xfer off to their prospective $cosmos chain. Make it so you have to Buy and sell only on terra network
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Cyak 🌑 Retweeted
Loan funnel $UPST traded down 67% post earnings over two days, but is now up 79% in four days from the bottom.
You either got very poor, or very rich, if you bought or shorted this… just a few hours apart. A casino, a sh*tcoin, or “the economy”? You decide. 🤷♂️
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