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It's purge time peeps! Which crypto do you want to crash and burn and never return?
$MOR: Launching on Fantom on Feb 23: MOR by Growth De-Fi will be the only protocol on Fantom that offers both borrowing/leveraged yield farming with 0% interest loans and no penalties to open or close vaults. GRO holders also get MOR revenue. MOR is currently on AVAX and BSC.
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tldr: Growthdefi is innovative multi-chain ecosystem that leverages products like its overcollateralized stablecoin (MOR) and yield aggregator (WHEAT) to offer capital efficiency and is planning to launch on Fantom towards the end of this month. Great project, when will be the launch on Fantom?
This whole article reads like a pun, &GRO $MOR $WHEAT... when you stake your high yield $WHEAT it will $GRO $MOR $WHEAT is an incentive token in the Growth DeFi ecosystem that can be generated by staking GRO, MOR, or WHEAT.
>These are issued by the Bank of Canada and the European Central Bank; they operate very similarly to the Federal Reserve. And, they are used by largely similar populations. The similarities would make them appropriate replacements. >These are far too volatile and difficult to predict, though. For example, why would you borrow in Bitcoin or commit to paying a Bitcoin-denominated salary? If Bitcoin mooned, you'd go bankrupt. >The whole point of the Bank of Canada, the European Central Bank, and the Federal Reserve is to issue predictable stablecoins (CAD, EURO, USD) that are safe to borrow and use as a unit of account in contracts (for prices, debts, salaries, rents, deferred payments, refunds, subscriptions, insurance policies, taxes, etc.). I wouldn't. Borrowing is stupid. I've never taken out a loan or used a credit card, and I've never been in any kind of debt. Poor, yes, but I don't owe anyone anything. Most financial travesties result from playing with things that aren't yours. I'd rather work to earn something hard than borrow to have something soft. >The thing that is stable about stablecoins is that their value is relatively stable in terms of real goods and services. >Correct, but crypto fluctuates by orders of magnitude more. For example, the BTC/USD graph looks a lot like the BTC/GOLD graph or the BTC/WHEAT graph or the BTC/<average rent> graph or the BTC/CPI graph, etc. >That is, if you price assets in BTC, almost all of the volatility you are seeing is due to the change in the value of BTC (for just about any reasonable measure of "value": goods, services, labor, etc.). If BTC and other crypto were used to buy goods and services, their value would stabilize. The reason for their volatility is because nobody knows what they're worth, which goods and services help determine. As infrastructure for transacting BTC becomes more developed, the coin will stabilize, *and retain value*. Disinflationary money, money that becomes more valuable over time, is inherently more stable than something that doesn't, despite the current state infrastructure supporting transactions for goods and services. When BTC and other cryptos begin to be accepted as payment, they will stabilize, and become more valuable--and not just in the numerical monetary sense. >Do stocks also challenge money directly? Yes. USD, at least. >I'm not sure what you mean by "unstable monetary ground". >Why would crypto cause the value of the dollar to inflate any more than stocks would? For example, there are many fixed-supply stocks (closed end funds). The rise of crypto challenges the dollar, creating instability in its' apparent worth. The dollar's inflationary nature makes the transition to crypto becomes increasingly desirable, if not absolutely necessary. The dollar mostly holds value because everyone us currently using it. However, the billions, if not trillions, if not quadrillions, poured into crypto, is highly indicative of a willingness to adopt new currency. A hot dog used to be 5 cents a 100 years ago, and is now $2, $3, maybe $5. A Bitcoin used to be 5 cents 10 years ago, and is now hovering around $50,000. The past decade hasn't been a rise in the price of BTC. It's been a drop in the value of USD. People aren't using Bitcoin to buy USD. People are using USD to buy Bitcoin. And when BTC, and other cryptos, are used to buy goods and services, USD will become nothing more than impotent statistic. That's it.
> CAD or EURO would be a quick replacement These are issued by the Bank of Canada and the European Central Bank; these operate very similarly to the Federal Reserve. > Bitcoin, ETH, even Cardano at this point, are all large enough to be used too. They are far too volatile and difficult to predict, though. For example, why would you borrow in Bitcoin or commit to paying a Bitcoin-denominated salary? If Bitcoin mooned, you'd go bankrupt. The whole point of the Bank of Canada, the European Central Bank, and the Federal Reserve is to issue predictable stablecoins (CAD, EURO, USD) that are safe to borrow and use as a unit of account in contracts (for prices, debts, salaries, deferred payments, refunds, subscriptions, insurance policies, taxes, etc.). > The only thing stable about stablecoins is that they have a consistent means of conversion. The thing that is stable about stablecoins is that their value is stable in terms of real goods and services. > it's not [just] the value of crypto fluctuating, it's the value of the dollar Correct, but crypto fluctuates by orders of magnitude more. For example, the BTC/USD graph looks a lot like the BTC/GOLD graph or the BTC/WHEAT graph or the BTC/<average rent> graph or the BTC/CPI graph, etc. That is, if you price assets in BTC, almost all of the volatility you are seeing is due to the change in the value of BTC (for just about any reasonable measure of "value": goods, services, labor, COLA, etc.). > Crypto challenges money directly. Do stocks also challenge money directly? > Every spike or dip in crypto is indicitave of unstable monetary ground I'm not sure what you mean by "unstable monetary ground". > if USD hyperinflates, what good are stablecoins? Not much good in that case. > In many ways, I'd say that crypto is causing the value of the dollar to inflate, to diminish Why would crypto cause the value of the dollar to inflate any more than stocks would? For example, there are many fixed-supply stocks (closed end funds). > units of measurement will become more relative More relative to what? > a pooring standard What is a pooring standard? Do you mean a standard which is getting worse? I don't see evidence of that: USD is still by far the most stable, predictable, and liquid asset with the possible exception of similarly managed stablecoins like CAD and EURO. > everyone's money is more valuable And everyone's debt becomes less valuable (more negative in value). Some who are net long USD would benefit, others who are net short USD would suffer. There would be no net gain in the end: every long USD position corresponds to someone else's short USD position. > But, they won't do that. Correct, because then USD wouldn't be predictable. The whole point of USD is that people can enter contracts with some confidence of what USD will be worth in the future (short-, medium-, and long-term) via the 2% CPI inflation target. If the Fed abandons this target, they are betraying the market participants who have structured hundreds of trillions of dollars of contracts depending on the USD having this predictable value.
WHEAT by growthdefi on the binance smart chain. Low mcap gem already catching wind and mooning
Absolutely, I saw 82% loss on WHEAT entry at $10 but farmed throughout bear, recouped my lost value and now it's pumping.
Greatest investment in $, probably GrowthDefi, no regrets as it's still early and my investment is still growing. $GRO and $WHEAT.
TOAD, GRO & WHEAT but probably because it's still early.
>The token earns by charging on MOR users. When a user deposits collateral into the MOR Vault, the MOR protocol harvests the performance fees on the yield that gets transferred to WHEAT’s Exponential Buyback Collector that eventually buys a revenue-generating asset to burn WHEAT. I like the idea. Avalanche is one of my favorite projects. Glad to see Growth DeFi joining the family
"GRO is the governance token used within Growth DeFi while WHEAT is the incentives token and MOR is the overcollateralized stablecoin operating in its ecosystem offering with yielding collaterals. MOR users are charged performance fees on MOR’s collateral vaults, earning WHEAT holders revenues in the ecosystem" Growthdefi is a great project, good news for them im happy to see they keep evolving, the project has one of the best farming returns in the whole of the BSC space