TCR

Giga79

I would report this to the FBI, they have an online form to fill out. https://www.ic3.gov/ (FBI) There's not a lot they can do if the fraudster is overseas, unless they moved to some (any nice) country that extradites or is a financial partner with the US (5eyes, G20). Likely they still have US accounts and/or assets. It is worth doing, and the FBI could issue a warrant restricting the fraudsters freedom of movement. SEC won't even give Coinbase 3 minutes of their time to define *how* CB is breaking the law even after dozens of formal and public requests. Best case with SEC you'd see a resolution after 5+ years, with a very small settlement paid and none going to any victims. They are not an agency there to help you or anyone in crypto. The CFTC would probably be a lot more help. Despite this clearly not being commodity fraud, crypto isn't defined (in the US) so is no *one* agencies responsibility today. The CFTC is a lot more ambitious in helping people resolve fraud. There is a CFTC [TCR Form](https://forms.cftc.gov/Forms/TCR) you can fill out online (for crypto related fraud). You may be eligible for monetary rewards depending on the info you can provide, or you could fill out a complaint form anonymously instead for no reward. https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/6Steps.html I'd personally DOXX the crap out of them. Public shaming works wonders in this digital era.

bullett007

Hey, I've just seen the notification pop up. Let me see if I can help answer some of your questions as I've had an open line of credit for a while now. >**I deposit 3 ZBTC.** Wrong. You would peg-in 3 BTC, 3 rBTC (*the native token of the RSK sidechain*) would then be available for you to use how you wish on the RSK sidechain. >**Then I borrow 30K ZUSD and use it to buy 1 BTC** You would first deposit your rBTC into the Zero protocol, then, you could choose how much zUSD you would like to borrow against it. >**If the collateral ratio drops below 150% then I get liquidated.** Yes, **only if Recovery Mode is activated**. Recovery Mode is a system designed to incentivise healthy collateral ratios for the lines of credit of all borrowers. Recovery Mode is activated if the total collateral ratio for all lines of credit goes below 150%. As I type this, there are 107 open lines of credit (*loans*), which are collateralised by 95.2 rBTC. The current total collateral ratio (TCR) is 245.4.%, therefore the TCR would need to fall by 95.4% for your loan to be at risk if your line of credit had a collateral ratio below 150%. >**If I get liquidated then I lose the 3 ZBTC that I deposited, but I no longer have to pay back the 30K ZUSD that I borrowed.** rBTC, not zBTC. If your line of credit was liquidated, you would keep the ZUSD you had borrowed, **but you would lose the rBTC collateral for the loan**. Under normal conditions, (*i.e. not recovery mode*) you will be liquidated at 110%. Therefore, you would lose roughly 10% of your value. The formula for calculating your liquidation price at 110% in fiat is: net debt \* 1.1 / collateral = **liquidation price**. 30,000 (*zUSD*) \* 1.1 / 3 (*rBTC*) = **$11,000 USD** *Alternatively, use '\* 1.5' if you want to know your liquidation price at 150%* **Profit** >\- Profit. Suppose instead that the price of bitcoin never drops below $15K, and that I don't get liquidated. Suppose that the price of bitcoin eventually rises to $100K. The 1 BTC that I bought with my 30,000 ZUSD, I sell 0.3 BTC to pay back the ZUSD. I recover my collateral and the value of my stack has now increased from 3 BTC to 3.7 BTC. Correct, the only costs you would incur using the Zero protocol would be the borrowing fee for the loan; currently, the fee is 0.5%. >**Did I get that right?** Logically speaking it seems like you get the rough idea; however, like anything [DYOR](https://wiki.sovryn.app/en/sovryn-dapp/subprotocols/zero-zusd) and make sure you understand the risks. I think I mentioned in my post you were referring to that I'm only risking 3% of my BTC stack in Zero. If I never see those sats again on the Bitcoin chain, it would suck, but I wouldn't lose sleep over it.

schrodster

TOKE (crypto citadel, this one will be top 100 coin) TCR (tracer options crypto) EYE (this is a long shot but I have confidence in the team)

LeagueGreedy

CELR & TracerDao (TCR)

schrodster

TRACER (TCR) - it’s $0.20 rn

DeepFuckingDebt

(2) By mailing or faxing a Form TCR to: https://www.sec.gov/about/forms/formtcr.pdf ENF-CPU (U.S. Securities & Exchange Commission) 14420 Albemarle Point Place Suite 102 Chantilly, VA 20151-1750 ATTN: SEC TCR SUBMISSIONS Fax: (703) 813-9322

Oshanajesus

I can't post in this sub as I don't have enough karma but here's my writeup of the IRON/TITAN meltdown from yesterday So with the meltdown we won't know 100% until the devs release the post-mortem report but this wasn't a rugpull. This project was doomed at the first large downturn to hit TITAN's price. THis next portion is my detailed analysis based on the research I did on the project when it was first gaining traction. https://docs.iron.finance/ What I believe actually happened was an issue with how the IRON stablecoin was meant to keep peg and is the same reason we've seen algorithmic stablecoins fail in the past. Reading through the documentation, you'll see that the system relies on two ratios: Target Collateral Ratio (TCR) The TCR is used by the minting function and it is displayed as a percentage. This ratio expresses what percentage of USDC or BUSD token is required to mint IRON token. Effective Collateral Ratio (ECR) ECR stands for Effective Collateral Ratio and it is shown in percentage. This percentage expresses the amount of USDC or BUSD token stored as collateral for the IRON token. ECR= USDC COLLATERAL VALUE / TITAN supply LOW LEVEL OVERVIEW For a stablecoin to keep peg, it relies on arbitrageurs interacting with 3rd party exchanges/the open market (quickswap, sushiswap etc..) and minting or redeeming IRON to drive the peg up or down. In theory, if the peg is above $1, IRON can be redeemed for > $1 worth of USDC and TITAN rewards which can be sold on the open market for a profit. If the peg is below $1, TITAN and USDC can purchased on the open market for less than peg and minted for a profit. Mint when peg < $1 Redeem when Peg > $1 As IRON is redeemed, the price of TITAN drops as new tokens are created through the redemption process: https://docs.iron.finance/mechanism/redeeming Redeeming 100 IRON at 80% ECR(Effective Collateral Ratio) when 1 USDC = $0.95 and 1 TITAN is $3.00. At 80% ECR, the amount received for redemption will consist of 80% USDC token and 20% TITAN token. In this case redeeming 100 IRON will result in 84.21USDC and 6.67 TITAN for $105 of rewards. As IRON is minted, the price of TITAN rises as TITAN from the open market is burned in the minting process. https://docs.iron.finance/mechanism/minting Minting IRON at a Target Collateral Ratio of 80% with 80 USDC at price of 1 USDC = $1.05 At a TCR of 80%, 80 USDC at 1 USDC = $1.05 and a current market price of TITAN at $3.00, then the amount of TITAN required in the minting process will be 7 ($7\*3 + $80) = 105 IRON . If a large whale for example wanted to exit an IRON position, there may not be enough liquidity in an AMM pool such as quickswap to sell IRON directly so they would redeem the tokens through the redemption mechanism on iron.finance. A large number of IRON would be destroyed, USDC collateral would be removed from the vault and TITAN would be created and issued to our whale. This process would lower the ECR and the TCR would be increased to compensate. In the process, both the price of IRON and the value of TITAN would decrease. Our arbitrageur would see the peg has shifted downwards and purchase TITAN/USDC on the open market, minting them into IRON for a profit. WHY THIS MATTERS https://docs.iron.finance/mechanism/collateral-ratio On Polygon, the TCR could only be lowered by 0.1% per hour. For a maximum of 2.4% per day. This was only updated to being dynamically managed yesterday evening at the height of the crash after the damage had been done. TCR could not be adjusted correctly during large price movements. An arbitrageur trying to mint new tokens to take advantage of a drop in the peg would find that the TCR is lower than it should be for tokens to be profitably minted. From our example earlier if the price of TITAN drops suddenly to $2 then at a TCR of 80.1% (adjusted .1% in the last hour), \~10.5 TITAN tokens will need to be provided with our 80 USDC tokens to mint 105 IRON ($2\*10.5) + 80 = $1.01 which can only be sold on the open market for $.95 . Adding in the redemption fees, gas fees and slippage, our arbitrager would lose money in the process and so there is no incentive. If TCR were adjusted upwards faster to 90% for instance, \~4.66 TITAN would be required with 80 USDC coin to create 105 IRON. ($2\*4.66) + 80 = $89.33 which can be sold on the open market for $.95 creating a profit for arbitrage, burning TITAN and pushing the peg back up. Due to this flaw, there was 0 incentive for IRON to be minted, causing a feedback loop and driving the price IRON down, creating excess TITAN through redemption and causing the bank run we saw yesterday. This was inevitable at the first large price movement. I don't believe this was malicious on the dev's part as this mechanism was designed to prevent flash loan attacks which are always a large risk to and DeFi project. Sorry to all those who lost funds, myself included. There are issues with any algorithmic coins please DYOR and don't invest capital you cannot afford to lose.

Oshanajesus

I posted this writeup on the [iron.finance](https://iron.finance) subreddit but here's what happened if anyone wants to know why this cratered so badly. So with the meltdown we won't know 100% until the devs release the post-mortem report but this wasn't a rugpull. This project was doomed at the first large downturn to hit TITAN's price. THis next portion is my detailed analysis based on the research I did on the project when it was first gaining traction. https://docs.iron.finance/ What I believe actually happened was an issue with how the IRON stablecoin was meant to keep peg and is the same reason we've seen algorithmic stablecoins fail in the past. Reading through the documentation, you'll see that the system relies on two ratios: Target Collateral Ratio (TCR) The TCR is used by the minting function and it is displayed as a percentage. This ratio expresses what percentage of USDC or BUSD token is required to mint IRON token. Effective Collateral Ratio (ECR) ECR stands for Effective Collateral Ratio and it is shown in percentage. This percentage expresses the amount of USDC or BUSD token stored as collateral for the IRON token. ECR= USDC COLLATERAL VALUE / TITAN supply LOW LEVEL OVERVIEW For a stablecoin to keep peg, it relies on arbitrageurs interacting with 3rd party exchanges/the open market (quickswap, sushiswap etc..) and minting or redeeming IRON to drive the peg up or down. In theory, if the peg is above $1, IRON can be redeemed for > $1 worth of USDC and TITAN rewards which can be sold on the open market for a profit. If the peg is below $1, TITAN and USDC can purchased on the open market for less than peg and minted for a profit. Mint when peg < $1 Redeem when Peg > $1 As IRON is redeemed, the price of TITAN drops as new tokens are created through the redemption process: https://docs.iron.finance/mechanism/redeeming Redeeming 100 IRON at 80% ECR(Effective Collateral Ratio) when 1 USDC = $0.95 and 1 TITAN is $3.00. At 80% ECR, the amount received for redemption will consist of 80% USDC token and 20% TITAN token. In this case redeeming 100 IRON will result in 84.21USDC and 6.67 TITAN for $105 of rewards. As IRON is minted, the price of TITAN rises as TITAN from the open market is burned in the minting process. https://docs.iron.finance/mechanism/minting Minting IRON at a Target Collateral Ratio of 80% with 80 USDC at price of 1 USDC = $1.05 At a TCR of 80%, 80 USDC at 1 USDC = $1.05 and a current market price of TITAN at $3.00, then the amount of TITAN required in the minting process will be 7 ($7\*3 + $80) = 105 IRON . If a large whale for example wanted to exit an IRON position, there may not be enough liquidity in an AMM pool such as quickswap to sell IRON directly so they would redeem the tokens through the redemption mechanism on iron.finance. A large number of IRON would be destroyed, USDC collateral would be removed from the vault and TITAN would be created and issued to our whale. This process would lower the ECR and the TCR would be increased to compensate. In the process, both the price of IRON and the value of TITAN would decrease. Our arbitrageur would see the peg has shifted downwards and purchase TITAN/USDC on the open market, minting them into IRON for a profit. WHY THIS MATTERS https://docs.iron.finance/mechanism/collateral-ratio On Polygon, the TCR could only be lowered by 0.1% per hour. For a maximum of 2.4% per day. This was only updated to being dynamically managed yesterday evening at the height of the crash after the damage had been done. TCR could not be adjusted correctly during large price movements. An arbitrageur trying to mint new tokens to take advantage of a drop in the peg would find that the TCR is lower than it should be for tokens to be profitably minted. From our example earlier if the price of TITAN drops suddenly to $2 then at a TCR of 80.1% (adjusted .1% in the last hour), \~10.5 TITAN tokens will need to be provided with our 80 USDC tokens to mint 105 IRON ($2\*10.5) + 80 = $1.01 which can only be sold on the open market for $.95 . Adding in the redemption fees, gas fees and slippage, our arbitrager would lose money in the process and so there is no incentive. If TCR were adjusted upwards faster to 90% for instance, \~4.66 TITAN would be required with 80 USDC coin to create 105 IRON. ($2\*4.66) + 80 = $89.33 which can be sold on the open market for $.95 creating a profit for arbitrage, burning TITAN and pushing the peg back up. Due to this flaw, there was 0 incentive for IRON to be minted, causing a feedback loop and driving the price IRON down, creating excess TITAN through redemption and causing the bank run we saw yesterday. This was inevitable at the first large price movement. I don't believe this was malicious on the dev's part as this mechanism was designed to prevent flash loan attacks which are always a large risk to and DeFi project. Sorry to all those who lost funds, myself included. There are issues with any algorithmic coins please DYOR and don't invest capital you cannot afford to lose.

coinfeeds-bot

tldr; Tecra is a high-tech startup company that offers a unique way to invest in technological projects and promising startup ideas listed on its crowdfunding platform Tecra Space. Fundraising campaigns are conducted on the platform with the use of TCR, which is a complete novelty for crowdfunding. Tecra’s project received official approval from the European Union and is aided by the Smart Growth Grant. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

karatechopsalad

There are no ways to make money that can avoid capital gains taxes - TCR624

StorytellerGG

What's TCR?