 Hectorians! As promised, we’re pleased to present to you our revised, refurbished and renewed Whitepaper. We hope, in reading it, you see how it reflects this team’s continued dedication to our community, our brand and the utility our ecosystem provides. It is both the vision for our bright future and a reflection of how far we’ve come in such a short time. In it you will find insights into the destiny of Hector Finance. As a team, we look forward to the road ahead and meeting the goals we’ve set out as a community. You can find the new Whitepaper here: https://hector.finance/whitepaper/ |
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It says HEC token is backed up by Hector DAO, but on the website I don't get anything even a little explanation about Hector DAO, usually strong backups are backups from real things or real estate, but Hector DAO looks unique, I saw there is Hector bank, maybe this is one of the Hector DAO? This time it seems really interesting.
This means there's a treasury behind it In the description I read they mention $HEC token is decentralized but I also see that they get big backup from Hector DAO, while one of their ecosystem is Hector bank. Is Hector bank also decentralized? I think all banks are not decentralized.
$Hec token is completely decentralized, as you can see funds from the treasury passed through community votes before funds are used unlike the traditional banks. To get more detail information, kindly ask your questions in the telegram group: https://t.me/hectorDAO |
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Translated Topic in Pidgin Language; #Meritnalyf: Hw 2 dey get alert 4 smartband on merit nd wen dem wryt ur nameOriginal Topic: #meritislife: How to be notified on a smartband on merits and mentionsAuthor: fillipponeTranslated Pighin Version: #Meritnalyf: Hw 2 dey get alert 4 smartband on merit nd wen dem wryt ur name Author: Original Version: #MeritnalyfU no bin dey read dis tin if u no bin dey gree frm wen e smal. So y e be say, ur bodi go jst dey wori 2 dey refresh ur merit page nd 2 dey pres bottin way go "Shw new tok on ur post link dem" wen e be say, e get compas way u fit set nd e go dey alert u sharperly nd e fit stil cari u enta forum wen e dey ur bodi 2 enta forum nd u bin dey run 1 or 2s for d lyf. Inside dis shw me hw 2 do am but matthias, I go teach u hw u go tak arrange sharperly ur alert matthias 4 simple nd chikini moni alert komputa. Dis na d plan: - 1. U go buy smal nd sure 4u smartband
- 2. U go pay moni 4 alert robot way follo am cum
- 3. U go set pass way b say, e go mak am 2 dey get alert frm ur phne.
Oya mak we go!
1. U go buy smal nd sure 4u smartband. Watin we nid na smartband 2 shw alert way dey enta. We attention 4 dis matthias na em b forum, so na watin go sure way we nid nd na wth b3 way go tay b4 e die we nid (we no go like say bcus we bin dey power d tin, we mis alert). E get awof way follo cum too. Me, I bin like Xiaomi MI band 4Na d specs be dis: https://www.mi.com/global/mi-smart-band-4/specs| Weight | 22.1g | | Hw e avoid water rch Rating | 5 ATM | | Hw e dey shw | AMOLED | | Size of d screen | 0.95" | | Hw e dey shw big rch | 120 x 240 RGB | | Hw e coulor dip rch | 24bit | | Hw d screen shine rch | Up to 400 nits (max brightness), brightness dey adjustable | | Touchscreen type | On-cell capacitive touchscreen | | Screen protection | 2.5D tempered glass with anti-fingerprint coating | | Button | Single touch button (wake up, go back) | | How d materia 2 tie 4 hand be | Hand strap way u fit commot
(Mi Smart Band 4 dey go wel wth Mi Band 3 straps) | | Handband width | 18mm | | Handstrap material | Thermoplastic polyurethane | | D Hand strap length na | 155-216mm | | RAM | 512KB | | ROM | 16MB | | Sensors |
3-axis accelerometer + 3-axis gyroscope;
PPG heart rate sensor;
Capacitive proximity sensor | | Wireless connectivity | BT5.0 BLE | | B3 | LiPo, 135mAh | | Charging Type | 2Pin Pogo Pin | | Charging time | ≤ 2 hours | | Hw last rch | Up to 20 days | | Moto Type | Rotor | | Body material | Polycarbonate | | App | Mi Fit | | System requirements | Android 4.4, iOS 9.0 or above | | Features | Sport Functions: 6 workout modes: Treadmill, exercise, outdoor running,cycling, walking, pool swimming; Count steps, distance, and calories burned | | Health monitoring | Workout completion notifications, goal setting, sleep monitoring, heart rate monitoring, all-day heart rate checking, resting heart rate, heart rate chart, idle alerts | | Other features | Alarm, proximity sensor, pre-set watch face, set as u like watchface, lock screen, timer, stopwatch, phne alarm and alert, calls way dey enta, message notifications, calendar alert, app alert, weather forecast, Fyn my phne, phne unlock, shw way dey alert, 9th mode, No wori me mode (e dey work wthout phne), song control on band, Bluetooth broadcasting, b3 level display, dfrent ways 2 wear, OTA updates |
I tink abi beliv say dis smartband no too cost. D cost go be like #18,000. U fit fyn am 4 here Amazon. 1ce we don wear am 4 hand, we go put d app way follo am join bodi, add wth our phne nd den on d app alert. D app way follo join bodi go nid link 2 a social profile like (Facebook abi Google) abi email activation. If e be like say u dey fear mak ur matter way u 4 like hide no cum cast 4 outside, I 4 like talk say mak u create mail way u fit throwaway 4 @protonmail way u ft use only 4 dis matthias. 2 set d App alert mak e 4 dey work, follo as dem carri talk am under here: As u dey see 4 d foto way dey up so, I dey 4 18% b3 nd na like 20days ago I charge am las. E fyn con sure 4 me well well say to see say, I get watin dey luk d health nd dey check sleep 2 dey work nd orda alert dem way add. Dis 1 go allow d smartband 2 shw alert dem way enta phne. Nw, we ft con go pay moni 4 alert komputa abi robot.
2. Pay moni 4 alert komputa abi robot. I bin don dey too used 2 @Piggy komputa abi robot, so taaayyy wen d mata cast, e con open my eye 2 hw much e dey eazi 2 use forum. Betta alert komputa abi robot dey like freedom abi gud health: 1 of dose tins way u get nd u no rilli dey see dem as anytin until e spoil or commot 4 ur hand. As we dey talk abt d robot 2 dey use, e get at least 2 betta 1ce way sure well well 4 persn 2 reason buy:
3. U go set d smartband 2 dey reciv onli d alert way u wnt frm ur phneI no sabi u abi hw ur matta b, bt I dey 4 plenty Telegram channels dem wth thousands of pple. As e con be like dat, 2 dey reciv alert from al dose places dem no go go well, as plenty alert go con be like say u see ghost 4 dream nd e dey kill b3 sharperly. As e be like dat, me I con arrange my own say, mak e giv me alert on 1 particular channel dem. U go enta 4 Settings=>Notifications =>Telegram Toggle Allow Notifications: ON Pple way dey follo customisation, e dey optional a nd e go dey alryt owli 4 ur Mobile UI U go select hw U wnt mak ur alert be 4 d main device way u dey use.  Den u go click 2 d last row Telegram Notification Settings U go carri dis 1 go Telegram Notification Menu. 4 here, d side dem way sure na em b d 1st one, via say dem don arrange d robot to dey talk. U go gats commot all d alert dem con liev onli d one 4 d robot. See all here All d orda side dem (Group/Channel) U go gats commot dem finish: If e con be say U no go like dey get alert 4 time wen u dey carri sleep, u ft go set no worri me doingz inside ur iOS.  U ft stil read plenty tins on hw e dey work 4 here here. 4 d settings way I don do here, I don commot alert 4 dis time 23:00- 7.00 so dat I ft dey sleep. Den con ft put my attention 4 forum nd nothin go worri me.
The result is the following: Hairy Wrist Gallery | Fillippone | VB1001 | TheBeardedBaby | Rosilito | | Vod | TheBeardedBaby (MI5) | Fillippone (MI5) | Maus0728 | | ChuckBuk | NeuroticFish | TryNinja |
Particula tin way u go like mak d robot dey do:
1.  Giammangiato Bot Specific Instructions Main robot topic: [TelegramBot] Merit watcher and Mention Notification BotHw 2 join robot dem 2geda:  - Pay mini 4 d merit robot wth ur UID
/uid $$yourBitcoinTalkID$$  - Pay moni 2 d robot way dem call wth ur bushname
/nick $$urBitcoinTalkBushname  D robot dey run evry time. Evry time way persn call abi wryt ur name as e dey post, abi e carri quote watin u post 4 somwhere, abi persn giv u merit, u go get message frm d robot 4 telegram. Nw d las work way u go arrange 4 d telegram mak e 4 shw abi giv alert 4 onli watin dey important 2 u b say (dat na 4 onli d message way dey cum frm robot o).
2.  TryNinja Bot Specific Instructions Main robot topic: [TELEGRAM] Yet Another BitcoinTalk Notification BOT (merits, mentions, topics,+)2 join d robot dem no hard o, via say d setup process nd d material way dem don arrange to use shw u way na material way sure wella.  I go shw u 1 by 1 hw u go tak dey arrange am.  Select d language way u go like use  Wryt ur bushname nd den u confirm am.  Type your UID and confirm it. Nw u go select d alert way u go like am 2 dey work nd e get 2 dfrent option way dey 4 wen dem wryt ur name 4 somwhere abi na merit dem giv u. - U go allow d alert way say dem wryt ur name:
 - U go allow d alert way say dem merit u:
 - E don finish! U ft call again, d menu nd d tin u go like make e do
[/list]  If u check well, u go see say, chance dey way be say u ft arrange d size nd hw d language way dey shw 4 d screen go b. Som languagedon already dey nd plenty way dem go like add dey com. U ft rch TryNinja 2 giv u d one way dem don re-wryt 4 ur own language.
Dis post go dey 4 my project: I b strong believer 4 d join bodi 2geda of local boards.
I get luck well well say, I sabi open mouth 2 talk watin dey my mind 4 at least som kind language dem bt I knw say no b so e be 4 evry persn.
Plenty pple way dey d forum dey post onli 4 dere local boards bcus say, e get watin dey hold dem nd e ft b language, watin dem beliv in way no allow dem, netwrk no dey abi e get orda reasons.
As I dey like dis, I sabi plenty pple way dey use d forum wella (frm d Italian side dem, via som kind reason way no ft hide) way no dey post 4 where evry body 4 d world dey talk.
I believ say, all dose users dem way no dey talk 4 where evry bodi 4 d world dey talk 4 (English) or 4 orda boards so, dem dey miss wella. If u tink say u ft help 4 here, u ft go see dis topic!
Frm Mr.right85: Oya na, mak d plenty refreshing end, dat na if e dey bodi 2 buy d smartband o. Mak d learn learn kwantinue.
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Translated Topic in Pidgin Language; Everythin wey you wan be know about bitcoin futures but fear no gree you ask am.Original Topic: Everything you wanted to know about BTC futures but were afraid to ask!Author: fillipponePIGIN VERSION OF fillippone THREAD Everything you wanted to know about BTC futures but were afraid to ask! https://bitcointalk.org/index.php?topic=5188060.msg52572357#msg52572357
With Bakkt Futures launch, I see say plenty people for here dey ask say wetin be the meaning of future, or dey no really understand am or e dey confusing and dey see am as another thing wey e no be. I go try explain some things for here in a way wey e go easy with real life example and I go dey use BAKKT and CME bitcoin futures when I fit or I go use other examples. FUTURES DEFINITION Futures na arranged financial agreement wey dey make the pesin wey dey buy am (or sell am) fit buy (or sell) property (called underlying asset); like raw materials or document wey get value for the particular date or price wey them don already know before e reach. Example we fit check na:  If I buy BAKKT future for 7,942.5 means say based on the expiry date wey we agree on wey be Oct. 17th 2019 I suppose buy one single bitcoin from BAKKT warehouse for the price of USD 7, 942.5 . The delivery date go be the next day wey be Oct., 18th 2019. I fit trade this future till Oct 16th 2019. The same thing if I sell BAKKT future at 7,942.5 means say on the agreed expiring date, on Oct., 17th 2019. I suppose to sell one single bitcoin from BAKKT warehouse for price of USD 7,942.5 For this picture you go see all the important date for a future:  - FTD (First Trade Date): This na the first day to take start to trade the agreed future.
- LTD (Last Trade Date): This na last day wey you get to trade the agreed future contract.
- FND (First Notice Day): This na the first day when exchange go tell holder of long future position about the delivery of underling assets (The underlying assets for here now na bitcoin). Na still the first day when exchange go tell holder of short future say time don reach to deliver underlying to the place wey he suppose deliver am.
- LND (Last Notice Date): Na the last date when exchange and holder go take do all this things wey we just talk for up.
- FDD (First Delivery Date): This na the first day wey exchange fit actually transfer the property of the underlying asset to the long future position make e reach the delivery point (that is Bitcoin for BAKKT warehouse).
first date when the exchange can actually transfer to the the long future position the property of the underlying asset at the delivery point (in this case the Bitcoin at the BAKKT Warehouse). - LDD (Last Delivery Date): Na the last day wey the exchange fit can actually transfer property of the underlying asset to the long future position for the point of delivery (na the bitcoin for BAKKT warehouse). For this one na FDD and LDD go together.
- FSD (Final Settlement Date): This na the final day when the future position holder and exchange go take make payments.
For example, the WTI future at the CME tell us say underlying asset for the following definition wey we see for the Futures contract explain say the quality and quantity and the point of delivery of the underlying assets, their standard na based on how they trade them on exchange e day very important say the asset wey we trade at the end of the future go get e own quality and quantity. E fit easy for document wey get value make e can hard well for raw material (Physical commodity). For AAPL shares day equal while barrel of oil dey they different due to many qualities. example: the WTI future for the CME explains say underlying assets together with the explanation wey dey the contract. contract specification: 200101.A. Deliverable Crudes
1. Deliverable Crude Streams
Blends of West Texas Intermediate (?WTI?) type light sweet crude streams are only deliverable if such blends constitute a pipeline's designated "common stream" shipment which meets the grade and quality specifications for domestic crude. Enterprise Products Partners L.P. (including any successor in such capacity, ?Enterprise?) and Enbridge Pipeline (Ozark) LLC?s (including any successor in such capacity, ?Enbridge?) Common Domestic Sweet (?DSW?) Streams that meet quality specifications in Sections 101.A.2.- 12. of this rule are deliverable as Domestic Crude.
2. Sulfur: 0.42% or less by weight as determined by ASTM Standard D-4294, or its latest revision;
3. Gravity: Not less than 37 degrees American Petroleum Institute (?API?), nor more than 42 degrees API as determined by ASTM Standard D-287, or its latest revision;
4. Viscosity: Maximum 60 Saybolt Universal Seconds at 100 degrees Fahrenheit as measured by ASTM Standard D-445 and as calculated for Saybolt Seconds by ASTM Standard D-2161;
5. Reid vapor pressure: Less than 9.5 pounds per square inch at 100 degrees Fahrenheit, as determined by ASTM Standard D-5191-96, or its latest revision;
6. Basic Sediment, water and other impurities: Less than 1% as determined by ASTM D-96-88 or D-4007, or their latest revisions;
7. Pour Point: Not to exceed 50 degrees Fahrenheit as determined by ASTM Standard D-97;
8. Micro Method Carbon Residue: 2.40% or less by mass; as determined by ASTM Standard D4530-15, or its latest revision;
? Copyright 2009 New York Mercantile Exchange, Inc. All rights reserved. Page 2 of 6
9. Total Acid Number (TAN): 0.28 mg KOH/g or less as determined by the first inflection point; using ASTM Standard D664-11a (2017), or its latest revision;
10. Nickel: 8 parts per million (ppm) or less by mass; as determined by ASTM Standard D5708-15, Test Method B, or its latest revision;
11. Vanadium: 15 ppm or less by mass; as determined by ASTM Standard D5708-15, Test Method B, or its latest revision;
12. High-Temperature Simulated Distillation (HTSD) as determined by ASTM Standard D7169-16, or its latest revision, as follows:
(a) Light Ends <220°F by HTSD: Not more than 19% by mass;
(b) 50% Point by HTSD: 470°F- 570°F;
(c) Vacuum Residuum >1020°F by HTSD: Not more than 16% by mass.
200102. TRADING SPECIFICATIONS
You see say explaining the quality of barrel of oil hard pass explaining the underlying asset of BAKKT future.: 1 Bitcoin For here we get difference with CME future, while future contract dey control 1 Bitcoin, 1 future for CME dey control 5 Bitcoin Contract Unit 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
so while BAKKT future get nominal value of around USD 8,000 CME future get national value of 5* USD, 8000 = 40,000 Also the size of contract wey affect smallest price movement: as the value of contract take low, na so the smallest price movement go take low(tick value): BAKKT Minimum Price Fluctuation
$2.50 per bitcoin ($2.50 per contract).
CME: Minimum Price Fluctuation Outright: 5.00 per bitcoin=$25.00
This means say BAKKT contract fit move from 8,000 to 8,002.5 meaning say who hold one contract go gain 2.5 USD, while CME future fit move from 8,000 to 8,005, meaning say who hold the contract gain 25 USD. No be by force to deliver the underlying asset. For stating, differentiation between futures na the one wey day between physically settled and cash settled: According to Wikipedia (minor edits for clarity) - Physical delivery − the amount specified of the underlying asset of the contract is delivered by the seller of the contract to the exchange, and by the exchange to the buyers of the contract. Physical delivery is common with commodities and bonds. In practice, it occurs only on a minority of contracts. [...] The Nymex crude futures contract uses this method of settlement upon expiration.
- Cash settlement − a cash payment is made based on the underlying reference rate [...]. The parties settle by paying/receiving the loss/gain related to the contract in cash when the contract expires.[11] [...]
This na the first innovation of BAKKT future, wey dey physically settled, normally na the buyer of the future dem dey deliver bitcoin to, while CME futures na cash settlement, meaning say at the end of the future, the dollar wey dey equal to the bitcoin naim dem go pay the holder of the future. For the point of delivery, we go see say WTI hard pass Bitcoin. WTI: Delivery shall be made free-on-board ("F.O.B.") at any pipeline or storage facility in Cushing, Oklahoma with pipeline access to Enterprise, Cushing storage or Enbridge, Cushing storage. Delivery shall be made in accordance with all applicable Federal executive orders and all applicable Federal, State and local laws and regulations.
At buyer's option, delivery shall be made by any of the following methods: (1) by interfacility transfer ("pumpover") into a designated pipeline or storage facility with access to seller's incoming pipeline or storage facility; (2) by in-line (or in-system) transfer, or book-out of title to the buyer; or (3) if the seller agrees to such transfer and if the facility used by the seller allows for such transfer, without physical movement of product, by in-tank transfer of title to the buyer.
BAKKT: Delivery Locations
Bakkt Warehouse
in short, BAKKT dey actually provide Client with warehouse (that is wallet) wey dem fit put there bitcoin to trade against their future. For real markets, the normal delivery rate of underlying goods wey dey futures contract dey very low only some of the future wey dem trade naim dem dey settle physically or fianciallly. Most futures position don actually close or wey dem commot from before the future expire, perform opposite action, buyers (sellers) of the future buy (sell) the same quality of the same future contract wey go set off their position ward the exchange commot your position without say you carry the delivery of the future. This carry us go another grammar for future volume again nas straight forward explanation. Again from Wikipedia: Open interest (also known as open contracts or open commitments) refers to the total number of outstanding derivative contracts that have not been settled (offset by delivery).
For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered "open".
Volume instead is quite a straightforward definition: Volume is the number of shares or contracts traded in a security or an entire market during a given period of time. For every buyer, there is a seller, and each transaction contributes to the count of total volume. That is, when buyers and sellers agree to make a transaction at a certain price, it is considered one transaction. If only five transactions occur in a day, the volume for the day is five Let's see an example: - A sells a future to B: Total volume is 1, open interest is 1
- C sells a future to B: Total volume is 2, open interest is 2
- D sells a future to A: Total volume is 3, open interest is 2
For the last trade A close him position wey he pass to D: therefore the total position wey open for the market no change to 2 - B sells a future to C: Total volume is 4, open interest is 1
- B sells a future to D: Total volume is 5, open interest is 0
After those 5 trades (volume = 5) dey no get any open interest again, all position for the future dey closed, everybody flat, no final settlement happen for the exchange. For BAKKT we dey get information about volume only, no be for open interest (update): open interest figure don dey available for Bloomberg terminal. update). On the 25th of September dey trade 131 contracts but we no know anything about how open interest change. On the CME we get both informations:  For CME we get both information on the 256th of September dey trade 5,824 contracts on the September expiry date Na 1172 contracts open tin total; 737 less than yesterday close (Normally dem no dey update OI on real times so both those figures relate to one day before, but you understand). E mean say na 737 contract less than the former close live for the market) wey dey fit deliver when future mature. FUTURE USES We fit use Futures hedge or speculate on the price movement of the underlying asset. Day fit use futures guess or hedge the price movement of the underlying asset for example Bitcoin sensitive business (think of minner) fit use the future take reduce him profit dependency or bitcoin price movement, lock in some kind level of price go therefore, reduce risk and sell better quality of bitcoin futures. In case bitcoin price go up, profit for mining go go up but loss for bitcoin future go affect am, therefore e go wipe the economic impact of that price movement of the underlying assets. For the opposite case if bitcoin price decrease e go mean say less profits for the mining operations, but the short position for the future go carouse that kind size profit. For the two case the, the final profit of the miner, the total of mining operations plus the profit/loss from the future position no go dey affected. This process na hedging dem dey call am, the purpose of hedging no be to gain from favorable price movement for the underlying assets, that is bitcoin, but to prevent loss from favorable price movement and maintain the price result wey dem don already see say dem go get: The miner go hedge himself from bitcoin price movements till e reach the same level of profitability wit bitcoin price case. And yes e profit garus incase bitcoin increase I but protect himself from any case wey concern say price reduce wey for actually end the meaning operation for the first place. The second main use for future contract na speculation. To speculate means to gain untop the future position from movements for the price of the underlying assets. If person for market wan speculate on increase for the price of the underlying assets for the future, he fit gain, if the buy future contract come sell am later with high price for the future market or gain from the favorable price difference and the spot market, once the future settle (to take delivery of the underlying asset after the settlement of the future con sell aim for the spot market. The risk na to face loss in case of huge price movement., like say price fall for this case. If e con end up say the price low pass how e be when dem open the future passion, the holder of long position gats buy the underlying asset for that price in that movement of trade inception can sell the underlying asset at lower price for the sport market, and like that he go loose. For the opposite, person wey wan profit from lower price, go sell the future, he go gain well well from buying at lower price to settle the future con sell am at the higher price wey dem first talk to the holder of the long position of the future. FUTURE PRICE SLOPE: CONTANGO AND BACKWARDATION Make we look the futures wey CME recently quote? | Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters and the nearest 2 serial months. |
In fact the quoted contracts na the following: | FUTURE | MONTH | LAST TRADE DATE | PRICE | OPEN INTEREST | | BTCV9 | Oct-19 | 25/10/2019 | 8275 | 2142 | | BTCX9 | Nov-19 | 29/11/2019 | 8290 | 248 | | BTCZ9 | Dec-19 | 27/12/2019 | 8360 | 943 | | BTCH0 | Mar-20 | 27/03/2020 | 0 | 0 |
September expiry just expire wen dem write am so the two main cycles expiries na Dec 19 and Mar 20 (dem quote am, dem never trade am) while the serial ones na Oct 19 and Nov 19. We remember say the bigger open interest dey for the front contract, while the serial contract get little interest and the last serial contract too new to get any opening interest (na only few hours ago dey quote am). If we check the prices we go say those one dey rise; the calendar spread (the difference between prices for different expiries )na positive. person go think say this na one kind market expectation of easing bitcoin prices between today and December Well, e dey wrong! The best expectation for the price wey dey the future na the spot price as e join all the public information we dey make available to price also future prices. If I dey sure say price of bitcoin go rise in one year, or if I just expect an to rise, I fit just buy bitcoin make the price rise, then move the sport price closer to the future price. This na non-arbitrage condition wey link price of the same asset different times. The future price suppose always dey sometime like that. center]Future prices = spot price (1+ risk free rate) + cost of carry ? convenience yield. [/center] Make we see wetin e mean Spot price: as we don see the best estimate for future price na the sport puree, because all the public information about the future don already get discount for market price. ( semi-strong market efficiency ? la Fama). Funding costs: represented by parte (it risk free rate): to buy bitcoin and trade future require transiency the position low interest rates wordwide wan hold down the importance of this factor, wey suppose be cost and therefore wan increase the future prices. cost of carry: or cost of holding bitcoin until the future mature, this na wetin mainly dey make the slope of the future price weather upward or downward dey slope. Cost of carry na the cost for storing bitcoin e fit low for bitcoin compared to other future underlying assets (thing of a say you store bitcoin instead of gold, or barrel of oil) but las las we no fit the way insurance e cost and storage for insurance level all together if I get any cost to store my underlying assets, E mean say the future price wey I want sell the asset go high pass the spot, to compensate for that kind cost, therefore push future price up. The convenience yield na the value of getting the availability of use of the underlying asset until future maturity, E dey particularly relevant for financial assets to represent the coupon or dividend paid from spot date till future maturity. They fit think am like negative cost of storage some kind of income for strorage, or profit wey dey come from holding the assets itself. For Bitcoin case the convenience yield fit come from earned interest wey come from borrowing my bitcoin to exchange or third party (think of blockFI) if I earn interest say I borrow my bitcoin to BlockFI I fit on my own buy them spot con sell them for the future below current market price, if the interest dey more than compensated by interest earned. The reason why future price show positive (or negative sloping shape gats to do with the cost of carry of the position and the convenience yield: if convenience yield low pass cost of carry, think of any physical commodity, then the future curve go show contango, while if na the convenience yield high pass cost of storage (this na true for many financial asset future ) them the future price go dey characterized by backwardation. The shape of the curve still fit change over time as e dey contango today, no be so e ben dey for backwardation for the time of url=https://www.newsbtc.com/2019/01/16/etoro-market-update-bitcoin-in-backwardation-this-is-fine/]CME/CBOE future launch[/url]. E good make dem think of wetin dey push the slope of the curve for this kind mixed nature underlying like bitcoin. COMMITMENTS OF TRADERS: Every exchange get community of traders report where you fit gut idea on the positioning of players for the exchange. The commitment of traders report bitcoin futures for CME (the only one wey dey important now) we fit find am for here link so we fit dey select Equity Indexes, then Cryptocurrencies and finally Bitcoin to make am Underlying:  E go good make una read User Guide this guide e explain all the technicalities of how dey make this chart but here I go tell you the main thing: Yes the total open long position dey equal to short position. If we look aggregate qualities open interest equal to the sun of longs (or shorts) + spread positions. E dey clearer if we look breakdown by table:  And yes different players get different way we dem dey take trade, so to know if they long or short fit help somehow. The one wey sweet pass na to study the evidence of long/short balance, volume and open interest, e fit give us hint on how the positioning of players dey affect the price action. USEFUL LINKS: Another couse wey I for like make you check na this CME own. INTRODUCTION TO FUTURES: Definition of a Futures ContractThis na actually very complete course on future e go give give better explanation uses, and all the implementation details for CME. This post na only beginning version wey cover some few topics. I fit go deeper or cover other topic normal some topics dey wey I fit explain well well. list] Term structure (contango/backwardation)- Margins on the open positions (Initial margins/Variation margins/Marking to Market)
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Commitments of traders example
I dey open to your suggestion to improve the thread, tell me how I go take improve this post.
What prompted my curiosity to translate the named article/post to the Pigin version was the challenge I took upon myself for Africans to have a taste of the inspiring post in our own comprehensible language. This will ease the grammars that is been used in the original post and aid individuals that might find it difficult to understand mere vocabularies. NOTE: I decided not to translate the quoted words not to alter the exact meaning. I spent 62 hours to round up this translation and I will be looking to translate more valuable articles/posts like this one.
Thanks @fillippone for this opportunity to explore your thread once again. [/list]
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Welcome, just as the title says, here you'll find useful English threads that has been translated to the different languages we speak in Nigeria without the use of translation tools but personally hand written to pass across the information to those that might find it hard to comprehend English or find it easier to understand when read in a common language they're familiar with. This initiative came into existence to prevent spamming the main Naija discussion thread with translations and obstructing the flow of discussion. For users interested in the translation of this topics, kindly used this format below to keep the thread clean and readable. [color=red][b]Translated Topic in (input native dialect been used[/b][/color];
[color=red][b]Original Topic:[/b][/color] (input title of thread with link to thread)
[color=red][b]Author:[/b][/color] (input original authors name).
Sample: Translations on this thread with links.1: Original topic: -: Translations: Ps: This thread is off discussion; all discussion to done on the official Nigeria (Naija) with reference to this thread. DM for thread to be opened for posting your translation. |
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 Hectorians! We are pleased to announce that TOR IS NOW AVAILABLE ON JULWALLET! What is JulWallet? For those that do not know, Julwallet is a decentralized finance system that was built to prioritize and cater to everyone with a cell phone connected to the internet. Their goal is to allow anyone in the world to have self-custody over their own crypto and use it as the available payment solution globally! How does it work? A user will download Julwallet, setup/confirm KYC, then you can deposit your desired crypto (e.g TOR) Once transactions are initiated, a Signer Wallet is used to sign the transaction provided by JulWallet. (Covers both for payments and withdrawals) The payment will then go through a master account, through a DEX swap to convert to USDC. Once converted through the master wallet, USDC is exchanged into Fiat. That Fiat is then transferred to the vendor. What are some of the payment challenges they are solving? Security! - $3.3B was lost due to credit/debit card fraud in 2020. Centralized control of funds Narrow geographical access to crypto debit cards Disjointed exchange rates globalls Extensive bank wire processing time You can now begin purchasing goods and services in $TOR with JulWallet! This is an amazing achievement for the utility of TOR, our natively Fantom Stable coin! As Hector Finance pushes TOR into the direction of payment utility, TOR will begin to rapidly become more known, increasing its utility in the stable coin world! Notes: The JulCard has a monthly fee of $6.99 USD. At the first payment, it will be deducted automatically after 30 days. The blockchain fees are minimal due to being on Fantom. Typically just a few cents. The JulWallet contracts have been audited by Github. You can go to their website to see those audits if you wish.
Hectorians, This is a message from Prometheus. Some of you will be aware I’ve been absent for a while from social channels and the community in general. For the last few weeks I have been working through personal and health-related difficulties which have required my whole attention and have made it impossible for me to work effectively. I thank all of you for the messages of support and concern that I’ve seen. It’s wonderful to have a community of people who are so caring and considerate. Over the last few weeks it has been made clear to me that there are some large changes I need to make in my life for the sake of preserving my health. As of right now, the health concerns I am experiencing are showing little to no sign of improvement and I cannot give a date at which I will be able to return. The project and community are of the utmost importance to the team and myself and therefore it is in the best interests for me to step aside and free up resources to be better allocated to the continued development of this wonderful ecosystem we have all been creating together. I will be watching with great excitement as this community continues to develop something truly special. I am proud of every single one of you, from community members, to moderators, to art team members, to developers, to the core team, to adjacent supporting roles. Your work is exceptional in every way and I am humbled to have been a part of it. It has truly been one of the highlights of my career and of my life and it is heartbreaking to be stepping aside, but the team and community are second to none, and I have absolute confidence that there are many great things on the horizon. From the start it has never been me alone. Everything that this project is, everything it has achieved, it has all been the result of a joint effort from many people: Leonida, one of the most hard working, talented, and passionate people I have ever had the privilege of working alongside. You will not find a more passionate Hectorian. Zeus, a skilled negotiator, level-headed advisor and a great friend. Nero, a diligent, hard-working professional who always goes the extra mile. Agenor, pragmatic and ambitious. His confidence and determination brings strength to us all. Poseidon, extremely diligent, always ready to rise to a challenge, a fast learner. A fantastic co-worker and a wonderful friend. The development team, whose intelligence and problem solving abilities are simply awe-inspiring. The art team. We all know the meme - art is magic to me, and these people are magicians unlike any other. The moderators. Suffice to say I love each and every one of you. As I have always said - your excellence in your work allows everyone else to focus on their work without worrying. All of our partners and support roles, who make what we do possible and allow us to continue to expand into new areas and to meet new people. And finally.. The Hectorians themselves. A more wonderful community of likeminded, intelligent, caring people does not exist. Sticking together through thick and thin, offering feedback and solutions, even sharing memes. It has been nothing short of an honour to have spent this time with so many of you. My official accounts will become inactive and I have already joined the communities with alternate accounts. I will always be here. The project will continue to march forward as it has in my recent absence. How wonderful it has been to work alongside people towards common goals. People who are passionate and excited to be on the journey. People who make things that matter. How wonderful it feels to know how bright the future of the project is. Forever a Hectorian, Prometheus |
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 Hello Hectorians! We're hosting our first mid-week Game Night today! Join us live this evening at https://www.twitch.tv/hectorfinance for a chance to win a part of our $150 TOR prize pool! We're testing out an alternate time zone for this edition to give everybody in the community a chance to play. Stay tuned for our 'going live' announcement!
Hectorians, This week’s community update session will be on FRIDAY May 20 at 21:00 UTC. Another announcement will be made tomorrow to remind you about the community update tomorrow night.. |
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Bounty Duration Week 1: 11/05/2022 - 17/05/2022 EndedWeek 2: 18/05/2022 - 24/05/2022 OngoingWeek 3: 25/05/2022 - 31/05/2022 Week 4: 01/06/2022 - 07/06/2022 
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 Hectorians! Last chance to get your free ticket for the Blockchain Week in Rome! Follow the steps in the link below for a chance to win an exclusive 2 day access between the 27th – 28th May 2022 to the Blockchain Summit in Rome, Italy: https://app.viralsweep.com/sweeps/full/bf7cb5-111800?framed=1Ends today! Goodluck to all! https://www.blockchainweekrome.com/
TOR Curve Pool Update: Since the pool experienced several withdrawals in the last week (for the general stables panic), the following measures just took place: 1) 2M USDC + 2M TOR have been deposited from the DAO wallet to the pool This will help to stabilize the % of TOR, being a bit less susceptible to changes. 2) The reedem function is now available if and when TOR in the Curve Pool will reach 65% (instead of 60%) 3) Minting, as previously announced, it's disabled right now, until the market will demand more TOR to be injected. We will announce when it will be available again Btw in the meantime we're in touch with several partners to make additional TOR integrations and Farms (even crosschain 👀) Stay tuned |
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 Hectorians! Eventful days lie behind us, which have shaken the whole crypto sector to its foundations. The drama around Luna and UST has shown us that even the unthinkable is possible and no project is too big to fail. At present, we can only speculate about the background of the events. What is certain, however, is that this will have a lasting impact on the market. At this point, our thoughts are also with all those who have suffered high financial losses due to the recent developments. Such an event was not foreseeable and has taken many by surprise. This is certainly one of the largest destruction of assets the crypto market has seen to date. Hector Finance was not left unscathed. In addition to the price losses we are currently seeing in all projects, such as FTM, BTC and BNB, we had holdings of $40,000,000 in the UST wormhole. When we became aware of the problems with UST we acted immediately, studied the market closely and also called in external consultants for help. Due to the rapid developments in the price and the sheer amount of UST in our possession, it was not possible to liquidate the entire position quickly. Rather, we had to use every recovery to liquidate positions, always with the danger in the background of risking a total loss. Unfortunately, this was only possible with a substantial loss. Despite the rapidly progressing events, we were able to save $23,644,387, which we now hold in what we consider the safest stablecoin USDC. As everyone is aware, the whole market is suffering at the moment. We see a high level of panic, which is reflected in significant price drops and withdrawal of cash from the crypto space. Also, stablecoins in general are currently under high pressure and panic selling is occurring. At this point, it is worth reading the recently published article about $TOR, in which we go into detail about the differences to other stablecoins: https://medium.com/@HectorDAO/why-hec-tor-and-luna-ust-are-not-alike-8f5e7d8c75efAs a result of the actual panic in the markets, people have withdrawn stables from the TOR Pool. To rebalance it, we had to remove TOR from the pool and add some USDC. This was done to avoid HEC price manipulations and because of the rebalancing, we temporarily suspended new minting of TOR. It is currently paused till further notice, until the demand will require its opening once again. The current situation will certainly continue for some time and will require some sacrifice from everyone. This leads us to a fundamental question: Do we still believe in DeFi and its mass adaptation in the future? From our point of view, this can be answered with a clear "yes". We see more and more countries, institutions and business enterprises, which believe in the future of DeFi and actively shape it. Especially in these difficult times one thing is more important than before, namely to learn from the past to be prepared for the future! We are working on this future, more than ever before. You all know our plans for this year. Development of the NFT marketplace is in full swing and we will be able to provide you with first impressions very soon. Regarding our GameFi plans, we have partnered with Catheon Gaming, who are the creators of SolChicks among other things. Together we are working on a metaverse that will change the market for good! We are also very excited about the upcoming NFT collection (Mythos collection), which will appeal to a new target group, increase our visibility and create new opportunities. |
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 We're very excited to announce the beginning of a very exciting community project: Hector Game Nights! These will be a bi-weekly series of streams where our members can compete to win TOR as prizes (and maybe some surprises in the future!) while having a great time. Join us and follow our official Twitch account at: https://www.twitch.tv/hectorfinance
Hectorians! WBTC has now been added to Hector Bank! You are now able to supply and borrow WBTC on our platform! Happy weekend! |
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 HIP-032 Allocating $125,000 for TOR integration with JulWallet TOR is at a growth stage where strategic partnerships are being formed to facilitate the utility of Farming Pools. This provides incentive to hold $TOR, and increases TVL for our project, aiding adoption. To further boost the utility of our very own stablecoin $TOR, we believe tapping into the payment system industry is a must! To facilitate payments with $TOR, we have strategic partnerships lined up. These will ensure the widest range of exposure going forward, and therefore, this is why we chose to cooperate with JulWallet. ~What is JulWallet?~ JulWallet aims at creating a completely decentralized finance experience in connection with the fiat world applications like the Visa / Mastercard Debit Card. This is to be achieved by replacing all the third parties in a financial transaction ( for example banks and middle men) with one or more Smart Contracts. This is not only because of distrust in traditional financial institutions, but also to avoid credit and debit card fraud or identity theft. Both NGC Ventures, and Binance Smart Chain are investors of JulWallet. ~How does it work?~ The JulCard is a virtual and physical debit card, which allows users to make payments on over 60 MILLION merchants worldwide. The only option to access the JulCard Smart Contract is via the decentralized JulWallet where a KYC is needed. Only the owner from the KYC verified and Debit Card contract-assigned wallet can interact with the debit card - identities and funds are secured to a private key and pass phrase. ~What is the HIP proposing?~ The HIP for $125,000 is broken down into two sections. 1. $100,000 for token integration. This means TOR will be integrated into the wallet platform, allowing TOR holders to use TOR as a means of payment. 2. $25,000 for marketing. This includes announcements on Julwallet's twitter, retweets, announcements in all telegram groups, a twitter space, and a video demonstration. JulWallets website: https://julwallet.com/$TOR's website: https://tor.cash/Vote below: https://vote.hectordao.com/#/proposal/0x2195f928cbdc60438d6fa515a522347c883d28a07a156f94d6638332df4f0da6 |
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 TOR is NOT like UST: The minting/redeem mechanism is the only thing we took inspiration from UST, But TOR cannot be minted if there are not enough Stables to balance the pool. Plus, TOR is ultimately backed by HEC's Treasury and We're adding another level of protection that won't allow TOR's minting in the future if the Curve Pool % won't be enough compared to the TOR Market Cap. Avoid the FUD. DYOR. Read on why $HEC / $TOR and $LUNA / $UST are NOT alike: https://medium.com/@HectorDAO/why-hec-tor-and-luna-ust-are-not-alike-8f5e7d8c75ef
Hectorians! Here is a really awesome article that walks through the uses of our new launchpool on Beefy Finance, written / published by our friends at Altcoin Buzz on their Top Crypto Events article as #1 ! Check it out, and share the love on socials! https://www.altcoinbuzz.io/defi/defi-updates-everlend-launch-may-week-1 |
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While some evidence are quite convincing, others aren't and this users are getting a second chance or not been tagged/disqualified from campaign. Some have decided to scarified one account to keep the other in the campaign since we can't have two accounts of so much connections (which to us are alts in the campaign). From thenos findings, there are so many accounts that were already under our investigation due to several exact behaviors, like registering timeframe and report timeframe etc.
If you feel you're been wrongly accused drop your appeal, reach me on telegram through the bounty group (username on timeline) and your case will be looked into. For those rushing to delete accused videos, that does you no good as it doesn't help the situation you're in.
Ps: If you weren't tagged no need appealing as it's obvious there was no enough evidence to consider you an alt by Me. Also avoid quoting all reports, only quote your own case. (Those quoting all reports are getting their post deleted).
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 TIP-028 - $2,000,000 DCA investment from treasury into $BTC, $ETH and $FTM We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible. We are monitoring the current market conditions very carefully to find a good entry to DCA in the projects mentioned below. The investments will not be done immediately and not all at once, to minimise the risks of a loss. We propose to invest in: $1,000,000 into $BTC $500,000 into $ETH $500,000 into $FTM After TIP-028 ends, we will withdraw $2,000,000 from the Treasury to a secondary wallet and will perform the investment in the following days. (We'll analyse the target project chart to find the best moment to jump in, make multiple smaller transactions instead of a single transaction). Vote below: https://vote.hectordao.com/#/proposal/0xaac07ac281b09e859ac28691f1f3115169119b2e36d29402c8060f33007d1235
Hectorians! Here is a really awesome article that walks through the uses of our new launchpool on Beefy Finance, written / published by our friends at Altcoin Buzz on their Top Crypto Events article as #1 ! Check it out, and share the love on socials! https://www.altcoinbuzz.io/defi/defi-updates-everlend-launch-may-week-1/ |
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Reporting format:Twitter Campaign:Week 1:
Type of campaign: Twitter
Spreadsheet N0:
Day 1: Valid Tweets, Retweets & likes.
Tweet:
Tweet:
Tweet:
Tweet:
Retweet:
Retweet:
Retweet:
Retweet:
Day 2: Valid Tweets, Retweets & likes.
Tweet:
Tweet:
Tweet:
Tweet:
Retweet:
Retweet:
Retweet:
Retweet:
Day 3,4,5 etc
Week 1:
Type of campaign: Discord
Spreadsheet N0:
Your invite link:
Day 1:
Link to screenshot of comment;
Link to screenshot of comment;
Day 2:
Link to screenshot of comment;
Link to screenshot of comment;
Day 3
Link to screenshot of comment;
Link to screenshot of comment;
Day 4:
Link to screenshot of comment;
Link to screenshot of comment;
Day 5
Link to screenshot of comment;
Link to screenshot of comment;
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 Bounty Details★ LOOTaDOG bounty campaign will last for 4 weeks and managed by Brainboss Management Service. Yes legally it's. ★ By joining this campaign, all participants accept that their works can be used by the team as promotional materials. ★ All participants must join/follow the OFFICIAL SOCIAL ACCOUNTS of LOOTaDOG above to get accepted.★ Using multiple accounts, cheating and spamming are not allowed. You will be disqualified from the bounty program immediately and all your accounts will be banned permanently. ★ Participants can not change their wallet address after registration. Please double check your wallet address before registration for any campaign. ★ Newbies are welcomed to participate in this campaign although account created after the thread was published will be disqualified from participating. ★ All participants must send the Proof of Authentication post to join the bounty program. ★ All reports (Twitter etc) should be sent at the end of week on this thread, use reporting format on spreedsheet to submit reports. No quoting of your previous reports, stakes are updated weekly. ★ Team reserves the right to make any changes or end the campaign at any time. Proof of AuthenticationFormat:#Proof Of Registration Forum Username: Forum Profile Link: Participated Campaigns: Bitcoin Wallet Address: Bounty AllocationTotal Budget : $5000 USDT paid in Bitcoin. Note: BTC will be sent within 1month after bounty ends by Brainboss Management Service. ★ Twitter Campaign: 80% ★ Discord Campaign: 20% Twitter CampaignRewards: maximum 2000 participants Registration Link: https://forms.gle/PxSTE5eNYwQhdXxm63 Valid Tweets, 3 Retweets & 3 likes - 3 Stakes/week 5 Valid Tweets, 5 Retweets & 5 likes - 5 Stakes/week 10 Valid Tweets, 10 Retweets & 10 likes - 10 Stakes/week 15 Valid Tweets, 15 Retweets & 15 likes - 15 Stakes/week 20 Valid Tweets, 20 Retweets & 20 likes - 20 Stakes/week ★ All participants must follow the Official Twitter account of LOOTaDOG . ★ Twitter accounts must have a minimum of 500 followers and be original (90% in twitter audit for the last 1 month). ★ Tweets & Hashtags should have the following hashtags and links: #LOOTaDOG #Walk2Earn #Doglovers #NFTdrops #dogs #Memecoin #NFTCollection #NFT #dogs #dogsoftwitter #doglover #animallovers #animallove #Play2Earn #NFTGame Website: https://lootadog.com/Note: All tasks should be done daily, using 1-3 days (excluding those doing 3 tasks) to complete tasks will result to no stakes for the week. Discord CampaignRegistration Link: https://forms.gle/airaNSh35SzY4PsY7Rewards: maximum 1000 participants Post in discord channel: 10 Stakes/week ( 10 posts per week) failure to meet requirements= no reward. Rules: ★ All participants must join the Official Discord of LOOTaDOG . ★ All Participants must invite 10 of their friends to projects discord channel or not get eligible for reward.. ★ Participates are to engage in discussion on the discord channel regularly and rank up to level 5 or not get eligible for reward.. ★ Posting repeatedly and with hashtags aren't allowed, send weekly report using reporting format on thread. ★. No spamming, copy pasting or posting irrespective positive words instead engage in conversation, ask questions and provide answers etc Note: All tasks should be done daily, using 1-3 days to complete tasks will result to no stakes for the week. Ps: After registration, make sure to check the spreadsheet to confirm that you have been accepted before you start promotion. I am not responsible for you providing me any wrong information. Spreadsheet || Bounty Group Bounty Duration Week 1: 11/05/2022 - 17/05/2022 EndedWeek 2: 18/05/2022 - 24/05/2022 EndedWeek 3: 25/05/2022 - 31/05/2022 EndedWeek 4: 01/06/2022 - 07/06/2022 Ongoing |
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