Read on Twitter
(1/6)
THREAD on why $12M MC $DEUS ( @DeusDao) (1) bonding curve
(2) secondary reinsurance/collateralization layer $DEA 
(3) transitory in-house oracle
(4) long/short AMM
make it a big $MIR ( @mirror_protocol) competitor as DeFi @RobinhoodApp to trade #SyntheticAssets
THREAD on why $12M MC $DEUS ( @DeusDao) (1) bonding curve
(2) secondary reinsurance/collateralization layer $DEA (3) transitory in-house oracle (4) long/short AMM make it a big $MIR ( @mirror_protocol) competitor as DeFi @RobinhoodApp to trade #SyntheticAssets
(2/6) Similar to $NXM insurance pool, $ETH contributed to $DEUS bonding curve goes into a #collateralization pool for #dAssets minting! (instead of insurance)
Each #dAsset traded on @DeusDao will push $DEUS price up the bonding curve! (Similar to $NXM cover premium)
goes into a #collateralization pool for #dAssets minting! (instead of insurance)Each #dAsset traded on @DeusDao will push $DEUS price up the bonding curve! (Similar to $NXM cover premium)
(3/6)
@mirror_protocol individual-based minting
is limiting its mAssets liquidity.
@DeusDao pool-based minting
solves this by coupling $DEUS price directly with platform adoption & TVL:
$DEUS > $ETH pool > #dAssets minting capacity > #dAssets liquidity > TVL
@mirror_protocol individual-based minting
is limiting its mAssets liquidity.@DeusDao pool-based minting
solves this by coupling $DEUS price directly with platform adoption & TVL:$DEUS
> $ETH pool > #dAssets minting capacity > #dAssets liquidity > TVL
(4/6)
$DEA is the second reinsurance/collateralization token to make sure the protocol is always overcollateralized.
Again, this will boost minting capacity, liquidity, & TVL
I expect $DEA MC to be 1/5 $DEUS MC once market price discovery finishes its thing in coming months.
$DEA is the second reinsurance/collateralization token to make sure the protocol is always overcollateralized.
Again, this will boost minting capacity, liquidity, & TVL
I expect $DEA MC to be 1/5 $DEUS MC once market price discovery finishes its thing in coming months.
(5/6)
@DeusDao in-house oracles enable the protocol to list hundreds of #dAssets, while waiting @chainlink oracles to go live.
This makes @DeusDao very scalable at the early stage of its progressive decentralization. https://twitter.com/deusdao/status/1354116640833740801
@DeusDao in-house oracles enable the protocol to list hundreds of #dAssets, while waiting @chainlink oracles to go live.
This makes @DeusDao very scalable at the early stage of its progressive decentralization. https://twitter.com/deusdao/status/1354116640833740801
(6/6)
The coolest feature is you can use its @Uniswap-like AMM to long/short a $dAsset!
You can even trade Futures (IOUs), e.g. @coinbase, @Bakkt futures!!
For more info, visit https://wiki.deus.finance/docs/ https://twitter.com/deusdao/status/1344018887990509572
The coolest feature is you can use its @Uniswap-like AMM to long/short a $dAsset!
You can even trade Futures (IOUs), e.g. @coinbase, @Bakkt futures!!
For more info, visit https://wiki.deus.finance/docs/ https://twitter.com/deusdao/status/1344018887990509572
