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r/CryptoCurrencySee Post

What is up with Dynamic Set dollar?

r/CryptoMarketsSee Post

Economic Analysis & Observation on Secondary Financial Instruments in Algo Stable Coins

r/CryptoMoonShotsSee Post

Guys, check out XStable. It is the next-gen algocoin with dual yield. I think you will love this.

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r/CryptoCurrencySee Comment

I have a million DSD. Am I a crypto millionaire?

Mentions:#DSD
r/CryptoCurrencySee Comment

DSD

Mentions:#DSD
r/CryptoCurrencySee Comment

Most of failed stablecoins like DSD, ESD, BAC, etc. never repegged. People knew the risks.

Mentions:#DSD#ESD#BAC
r/CryptoCurrencySee Comment

It depends. In the past we've seen a lot of artificial yields from token inflation and incentive schemes. These weren't necessarily scams but not sustainable. In summer and late 2020 into early 2021 unless I was getting yields in the 1000s APR I wasn't interested, and in some cases, a lot, lot higher. This was obviously risky, and short term, but there were instances when one would double their money in such a short period of time it quickly became a free hit if you removed your initial (particularly the very early algorithmic stablecoins like ESD and DSD that were sometimes paying double digit % every fours or so). Crazy times. I still have a few million DSD somewhere, now most definitely not pegged to a $1! I'm not sure we'll see that again, but it's crypto, so who knows. At the moment, yields are rock bottom, especially those tied to actual substance vs a printing press or incentives. On lending protocols, you're getting very low yield, because there's little demand for borrowing. When things pick up, those yields will pick up again, to what level, well, who knows. In the past these substantive yields (often partnered with incentive yield) have clearly been upwardly influenced by the amount of leverage sloshing around, so that may be more muted in future (who am I kidding...) There are some decent yields around, with varying levels of risk. Some pools attached to defi trading platforms, whose yields are mostly/all from fees, are worth looking at because they're still getting decent volume - but only if you can understand the risk to capital and the mechanisms. Eth staking (post merge) promises sustainable yields mostly paid out of fees, but ofc dependent on blockspace demand. With last years demand, would have been something of the order of 5% to 10% (dependent on assumptions of how much eth is staked). With current blockspace demand obviously lower. There aren't a lot of protocols that are actually making good money and channeling that back to token holders, but those are the ones to shortlist.

Mentions:#ESD#DSD
r/CryptoCurrencySee Comment

Many of us were warning about UST but got shouted down by the shills. I personally had no interest in Terra until they started buying BTC ~60-90 days ago. But I knew about numerous algo stables that failed (eg ESD, Basis, DSD, Iron) and many on crypto Twitter saw the LFG as a systemic risk since all crypto is correlated to BTC. And the 20% APR looked like a matrix scheme. Still, I don’t know anyone who expected it to unwind so fast. Interestingly, almost all of the shills I interacted with have deleted their comments. A couple were relatively smart but if you dig deep enough they would tell you to read the white paper.

r/CryptoCurrencySee Comment

Shorted doge on Poloniex once in 2017 after it doubled for no reason. It doubled again, I doubled down on my position, and it doubled a third time, I got liquidated, then the pump n dump finally ended - it was just bad timing on my part. Never tried that again. Confido in ended up being a scam pulled off by this guy Joost, which I still use as a verb to this day eg "we got joost" Credo was meant to get rid of spam emails and allow users to pay to email people (or get paid to receive emails). Total loss, and the founder's tragic story is super dark and hurts to think about. He seemed like a really great guy too. Mercury GMT total loss All of the NEO ICOs BeeToken decentralized facebook BlockVee early nfts Formosa Capital scam, total loss Propy decentralized real estate, total loss More recent losses: DSD was one of the early ish algorithmic stable coin projects, which failed to maintain its peg and was an entertaining disaster. Also went big on Klondike Finance, similar story. FOX was a play to earn project earlier this year with a lot of potential, but it ended up falling flat - it's been tough to watch other "play to earn" projects in the past couple of months follow a similar pattern. BasketDao, just bought the top PolyCat, PolyWhale were early ish swaps on Polygon(MATIC) - I went bigger on PolyWhale because it had more reasonable yields and seemed like it could sustain them while PolyCat was offering stupid APYs... ironically PolyWhale was a proper rug pull I could go on - I've done well despite all of these, but each one here represented a substantial kick in the junk loss for me at the time. Definitely required getting back up again over and over along the way - "Scared money don't make money"

r/CryptoCurrencySee Comment

DSD coupons lol

Mentions:#DSD
r/CryptoCurrencySee Comment

Algorithmic stablecoins are highly experimental at this stage. Beware the fate of ESD and DSD. If you want to learn more about the theoretical underpinnings of algo stables, read this: https://www.aier.org/article/algorithmic-stablecoins/

Mentions:#ESD#DSD
r/CryptoCurrencySee Comment

I can tell you what is not DSD , ESD.

Mentions:#DSD#ESD
r/CryptoCurrencySee Comment

Does anyone know how algorithmic stablecons like DSD (dynamic set dollar), ESD (easy set dollar) etc work? Since ETH fees are so high, I wasnt able to experiment with these, but a week or two ago, i bought 5 BoltShare of Bolt Finance ($60 each for a total investment of $300) and staked it in their Dapp, and it has been generating almost $12 Bolt Dollar (1 Bolt dollar = $1.13 right now) per day. I have already got $100 in bolt dollars by staking the shares. This kind of return is just crazy

Mentions:#DSD#ESD#ETH
r/CryptoCurrencySee Comment

Through sheer accident/luck, my biggest might be badger and digg. Before gas got nuts, I was enjoying experimenting with all sorts of tokens, if nothing else, than to just learn about all the cool and/or terrible ideas that people were trying to build. Examples include ESD, DSD, 0x, FUN, UNI, and loads more

r/CryptoMoonShotsSee Comment

As the market cap goes up, the amount of coins you have goes up too. So the market cap is currently 500k and for it to 150x it would have to go to 75 mil which similar projects such as DSD and ESD have done

Mentions:#DSD#ESD