BackComments / Mentions
In short, ImpDAO is an actively managed investment fund built on top of Olympus
tech. It's built on Fantom, but investments are chain-agnostic. We also have a
very active degen community.
After the last round of bribes/emissions, we have had consistent 450-550% APR on
our LP, with spikes >1000%. Our LP is 70% IMP, 10% FTM/MIM/DAI, with the IMP
price trading in a pretty tight range, so essentially no IL so far. Many of us
have taken part in this with our positions. The protocol owned liquidity is also
earning BEETS emissions, which thus far it has LPd to fBEETS and farmed on
Solidex. Of course, as the protocol's fBEETS position grows, it can vote for
itself to receive more admissions.
If you have any unknown words in this text then go rope yourself USDC/USDT have a good chance of being cucked in the very near future. Addresses
can already be frozen, if a nation wants to freeze all of DeFi or deems it
illegal, it could order USDC or USDT to freeze the contract addresses of Curve
or Uniswap. This is a huge attack vector and it needs to be mitigated. As we
have seen, to deal with this, people are making tons of decentralized
stablecoins. The problem is, ALL of the popular decentralized stablecoins, DAI,
MIM, FRAX etc. All contain USDC or some derivative of USDC/USDT which can be
frozen. This would render that stablecoin useless. The only stablecoin I am
currently aware of that has a fix for this is RAI. It has a token backing it
called FLX (Think of MAKER for DAI)
Market cap is fairly low for a project of this caliber, only roughly 150 million
or so FDV. Lots of integrations seem to be coming soon and a lot of people are
sleeping on it. Not sure how you can be so bullish on Kleros as a board yet be
missing this, it's another one of Vitalik's favorite coins. Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC.
>Latest news:
-MCC will now offer multi-nodes for passive income. However, as an industry
first, you can sell your nodes as NFT's.
($10,000 Capital for a nice can earn you $100 a day.)
https://multichaincapital.medium.com/multi-chain-capital-multinodes-fdaff1544ff2
-1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted
conferences with Mark Cuban in attendance.)
>New Dashboard launched 2/4/20:
https://www.mchain.capital/dashboard
>Current market cap:
102 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
8% tax on buys and sells, 4% goes into your wallet automatically as reflections.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC.
>Latest news:
-MCC will now offer multi-nodes for passive income. However, as an industry
first, you can sell your nodes as NFT's.
($10,000 Capital for a nice can earn you $100 a day.)
https://multichaincapital.medium.com/multi-chain-capital-multinodes-fdaff1544ff2
-1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted
conferences with Mark Cuban in attendance.)
>Current market cap:
74 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
8% tax on buys and sells, 4% goes into your wallet automatically as reflections.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC.
>Latest news:
-MCC will now offer multi-nodes for passive income. However, as an industry
first, you can sell your nodes as NFT's.
($10,000 Capital for a nice can earn you $100 a day.)
https://multichaincapital.medium.com/multi-chain-capital-multinodes-fdaff1544ff2
-1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted
conferences with Mark Cuban in attendance.)
>Current market cap:
88 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
8% tax on buys and sells, 4% goes into your wallet automatically as reflections.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital USDC/USDT have a good chance of being cucked in the very near future. Addresses
can already be frozen, if a nation wants to freeze all of DeFi or deems it
illegal, it could order USDC or USDT to freeze the contract addresses of Curve
or Uniswap. This is a huge attack vector and it needs to be mitigated. As we
have seen, to deal with this, people are making tons of decentralized
stablecoins. The problem is, ALL of the popular decentralized stablecoins, DAI,
MIM, FRAX etc. All contain USDC or some derivative of USDC/USDT which can be
frozen. This would render that stablecoin useless. The only stablecoin I am
currently aware of that has a fix for this is RAI. It has a token backing it
called FLX (Think of MAKER for DAI)
Market cap is fairly low for a project of this caliber, only roughly 150 million
or so FDV. Lots of integrations seem to be coming soon and a lot of people are
sleeping on it. Not sure how you can be so bullish on Kleros as a board yet be
missing this, it's another one of Vitalik's favorite coins. Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Latest news:
-MCC will now offer multi-nodes for passive income. As an industry first, you
can sell your nodes as NFT's.
https://link.medium.com/KHKPynYQgnb
-1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted
conferences with Mark Cuban in attendance.)
>Current market cap:
85 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Latest news:
-MCC will now offer nodes for passive income. However, as an industry first, you
can sell your nodes as NFT's.
-New treasury purchase of $100k of CVX
-1/29 announced hiring of Justin Wu as their professional farmer. (Wu has hosted
conferences with Mark Cuban in attendance.)
>Current market cap:
64 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Latest news:
MCC will now offer nodes for passive income. However, as an industry first, you
can sell your nodes as NFT's.
>Current market cap:
56 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital >Recent News:
MCC Nodes will be available.
Unlike others, MCC nodes can be sold as NFT's.
Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Current market cap:
41 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, FLOKI, METIS, BTRFLY), please
check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Current market cap:
41 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, TIME, FLOKI, METIS, BTRFLY),
please check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/
>Twitter
https://twitter.com/mulchaincapital Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Current market cap:
41 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, TIME, FLOKI, METIS, BTRFLY),
please check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital
>Medium
https://multichaincapital.medium.com/ Welcome to the Multi-Chain Capital General! This thread is for all things
related to MCC - the first mover in DeFi 3.0, as well as FaaS (Farming as a
Service) and IaaS (Investing as a service.
>Current market cap:
41 million
>What is MCC?
You buy on Ethereum or BSC, and the MCC team farms on multiple chains, returning
the profits to holders.
MCC does Faas (farming as a service) with a deflationary model.
For every trade people make with MCC, there is a 8% tax.
Half of the tax goes to holders (in MCC), straight in your wallet, no staking
needed.
The other half of the tax goes to treasury.
With the treasury they farm on multiple chains and generate profit.
Profits are used to do buybacks. Buybacks are used to:
1)add liquidity to liquidty pools (100 years lock on liquidity)
2)burn tokens
Buybacks push price higher (so your holdings increase in value) and also burn
tokens.
>Burn:
Every transaction generates reflections that in part go in the burn wallet.
40% of circulating supply is already burned in the burn wallet.
You not only have your APY, but you have it on a deflationary token burning
24/7.
>What is the flagship suite?
The first product is Multi-print: the industry’s first multi-chain, multi-reward
earning product and features innovations like Auto-Claim and Rotating Reward
Pools.
To see the rewards basket options (LINK, ETH, MIM, TIME, FLOKI, METIS, BTRFLY),
please check:
https://multichaincapital.medium.com/flagship-product-suite-18f2892a330a
>New website:
http://mchain.capital Hello anons, if any of you have been in the recent ftm thread you will have seen
discussion about the upcoming spirit wars. This idea is based on the curve wars
that took place last year, I advise you to familiarize yourself with the basics.
What I am posting here isnt necessarily for a discussion about spirit or the
spirit wars, but instead what direction defi is about to take. I will lay out
some information before I continue:
curve wars players: curve(spirit), convex(LQDR), frax(MIM), redacted(OHM/ICE).
Each of the player from the eth version of these wars has a counterpart on the
FTM chain, but on FTM, each player has its revenue being generated slightly
different than its eth counterpart, they mingle with other ftm protocols, often
to share liquidity. Read any docs from major FTM devs about the direction of
defi 2.0. Realize what ve(3,3) does. Realize it is the same as what spirit is
doing...however ve(3,3) allows for cooperation between protocols that have
similar business models instead of pure fighting for liquidity. >>44840871
I think the problem is people still think this is a "vision" and not a threat to
ETH/crypto itself.
This isn't some Kumbaya project to decentralize money for fun, its becoming a
necessity. The fact is that most of DeFi uses USDT/USDC and either of those
could be completely frozen at any time.
US regulator doesn't like a DeFi protocol? Just have USDC/USDT freeze all
stables in that contract. This is possible, it may not be the most likely
outcome, but it is a huge systemic risk to the system.
Also, you have to realize there is a risk of too much USDC/USDT reliance could
allow Tether or Circle to decide the outcome of an ETH fork.
Couple of people have discussed this, like that tranny Lyn Alden and a few
others.
The reason I am in FLX is because I believe RAI is a huge net gain for
blockchain/ETH ecosystem. This is the same reason I bought LINK in 2017, I saw
the potential benefit of oracles for ETH/blockchain ecosystem.
Every other stablecoin right now is dogshit. Name one that isn't.
USDT/USDC/PAX, etc. = Uses centralized entities that hold dollars and could be
regulated
MIM = Huge smart contract risk, tons of dog shit collateral, including USDC, no
real demand for the stablecoin itself, other than to farm on curve
FRAX/FEI = not even fully backed
DAI = fully backed but has tons of USDC backing it now to keep it from going off
peg
LUSD = Probably the closest thing to RAI, but it has a peg to $1, this is a
problem because of regulation AND it will likely face the same issues DAI had
during black thursday.
Only a matter of time that people catch on to the fact that most of these
stables have zero demand other than the incentives. RAI is one of the few things
people seem to want to hold since it has full backing. USDT/USDC/DAI all
survived at the beginning because people actually wanted to hold them. During a
bear, no one will want to hold something like UST (Luna's Stable) because its an
algo and a drop could ruin it.