Tether released a statement regarding the freezing of tornado cash addresses, basically saying they’re not going to do it.

Apparently so far authorities have not requested them to freeze any privately held wallet or address despite Tether’s near daily contact with US law enforcement.

This is what they said about it:

“Unilaterally freezing secondary market addresses could be a highly disruptive and reckless move by Tether. Even if Tether recognizes suspicious activities on such an address, completing a freeze without the verified instruction of law enforcement and other government agencies might interfere with ongoing and sophisticated law enforcement investigations.”

What do you guys think about this move?

Original tweet with source:

https://twitter.com/thetokenist/status/1562485559972352000

**Maya Protocol, the new best platform to provide liquidity?**

Maya Protocol  has a really revolutionary model for liquidity nodes and liquidity providers, based on the classic pure bond model implemented by projects like THORchain.

Maya obtains awesome capital efficiency by having nodes bonding LP units all liquidity in maya will be tradeable, creating a flywheel with plenty of benefits like:

- Average yield for all players
- Liquidity pool depth increases
- Increased yield
- Nodes earn yield while they wait in line, so its less risky to compete

I'm keeping my eye out for Maya since there are no complex IDOs, Maya will launch with its own Liquidity Auction model, planning for a fair launch.

Also Maya’s liquidity nodes are something i'm really excited for as an liquidity provider, and  their twist to the pure bond model have me getting my hopes up for the project.

Any thoughts?

https://www.mayaprotocol.com/

Thoughts on Tether's new audit report & HUSD losing its peg?

Tether recently got a new accounting firm to oversee its asset reserves, probably aiming to calm down the storms regarding its reserves (or lack of them?)

They reported $66.4B in asset reserves and holdings, also reporting that Tether’s cash and bank deposit holdings rose by 32% in the period.

With all these scares regarding Stable coins like the UST crash, and HUSD losing its peg and going as low as $0.85 cents, What do you think the future is looking like for stablecoins?


https://twitter.com/thetokenist/status/1560285238537887749

https://tokenist.com/tether-publishes-first-audit-report-with-new-accounting-firm-66-4b-in-reserves/

Farm XYZ aims to build a central place for investors to discover, invest, and track their yield farming investments. This platform will be built in layers that are built on top of one another. You can invest from any coin, have liquidity farms and associated pool investments in a single click by allowing you  to do all liquidity pool operations automatically.

You can also automatically track your investment value in USD in real time, allowing you to compare to other farms. FARM XYZ aims to fix Yield farming, as it’s becoming more complex each day, thousands of opportunities and the learning curve for the average investor is really steep.

This might be a good alternative for those of us that love staking and yield farming, so im going to keep an eye on it from now on.

here’s their site if any of you want to check it out:  https://farm.xyz/

Earlier this week, Ethereum successfully completed its final testnet merge known as Goerli, which is the last step towards the long awaited merge and eth 2.0

With all the supposed benefits this brings, what do you guys think Eth’s price action will do taking into account overall market  conditions?

This was the news article that got me thinking…

https://twitter.com/thetokenist/status/1558093698017239043?s=21&t=yQzn7FEi78pOJ9x0MxQAGw

https://tokenist.com/ethereum-options-open-interest-reach-new-ath-as-merge-date-confirmed/

Maya is a decentralized way to move native assets, but not only that, It has a really revolutionary model for liquidity nodes and liquidity providers, based on the classic pure bond model implemented by projects like THORchain, creating a more capital efficient platform without compromising security.

I'm keeping my eye out for Maya since there are no complex IDOs, Maya will launch with its own Liquidity Auction model, planning for a fair launch.

Maya’s liquidity nodes are something i'm really excited for as a liquidity provider, and  their twist to the pure bond model have me getting my hopes up for the project.

Any thoughts?

Maya Protocol has a really interesting model for LPs and liquidity nodes, modifying the usual pure bond model and creating a more capital efficient platform without compromising security.

This is achieved by bonding LP units via nodes, so nodes end up becoming liquidity providers.

Maya might be a THORchain fork, but it adjusts the approach used by it regarding the Pure Bond Model security policies, where:

- More than 67% of capital has to be bonded by the Maya nodes.
- This balance must be found by rational market forces such as supply and demand.
- There must be a high node count to incentivize decentralization.

nodes still need to buy and bond a big amount of $CACAO (Maya’s settlement token) for the exact same security reasons but store them in a totally
different place. Whereas in the other model bonded native tokens are
locked up unproductively inside a specific address, bonded $CACAO in
Maya is deposited inside Liquidity Pools, paired with other native
assets and generating yield.

Also Maya node operators can supercharge their invested capital efficiency by earning both LP rewards as well as their usual Validator rewards.

This is really interesting because they achieved a model that creates a sort of liquidity flywheel effect while still permitting similar security features and parameters to the legacy pendulum.

This post aims to show my appreciation to the ideals and goals of Maya Protocol towards a decentralized future.

Maya Protocol  aims to build a permissionless, decentralized exchange as a backup service for the awesome THORchain, therefore contributing to the development of a truly decentralized future, where there is no single universal provider, there is teamwork between projects, and collaboration instead of competition.

As Maya describes in their white paper; real competition comes from CEXs and traditional DEXs. Any user that Maya and THORchain bring from those alleys is a net positive for for the entire DeFi space. In other words, it is a game of adoption, and Maya will help drive this adoption forward toward a decentralized future.

So yeah, I appreciate the effort towards true decentralization, therefore I like writing little posts like this one to show it.

If you guys are into a cross-chain future, sort of like the one being built by THORChain, then you guys are probably interested in the fair launch of the $CACAO token for Maya protocol, a THORChain alternative built to move native assets across blockchains.

This launch will be done via the liquidity Auction model, where anyone can contribute supported assets, this will be done in a 21-day timeframe by sending them to a specific address (no KYC), also, no swaps and no withdrawals will be allowed during this period, only adding and withdrawing liquidity!

all $CACAO tokens will be distributed to the participants proportional to their actual contributions, and then users end up with their $CACAO tokens.

Why will Maya use this model to launch? Boosting decentralized liquidity even further, and allowing the opportunity for anyone in the DeFi space to participate, without any minimum entry ticket, and no special allocation for larger investors this really seems like a golden ticket into an incredibly promising project.

https://www.mayaprotocol.com/fairlaunch

You guys have probably heard the phrase “The future is multichain”. I’m a big believer in it myself, that’s why I love and support projects like THORchain and THORstarter, as their efforts for creating a truly cross chain crypto ecosystem are remarkable.

If you guys are like me and are actually in it “for the tech, you probably didn’t miss the Cross Chain Expo, an event that just happened a couple days ago that united the biggest and most revolutionary minds and innovators speaking about what’s important about our multi-chain future.

Some of the highlights for me were Maya protocol and THORstarter, Maya being the first THORchain friendly fork that aims to create a decentralized way to move native assets across blockchains, and THORstarter on the other hand, being the best (imo) chain-agnostic launchpad for new quality projects.

This expo was actually an incredible thing to witness being a cryptocurrency and blockchain believer, and I truly hope it becomes a recurring and important event in the entire crypto world, as the conversations and discussions that took place were eye-opening. In case you missed it, the Cross Chain Expo and all it’s discussions were recorded so once they release they are probably  going to be posted. So keep an eye out for that.

I’ve always been a pretty big supporter of the THORCHAIN ecosystem, and THORstarter really is the star of the show rn imo, so hear me out on this one, it has a lot of potential.

IDOs have never had this much potential with THORstarter and THORstarter Forge.

Forge is a major upgrade that has recently been implemented on THORstarter, it’s aim is to combine several products and features of Thorstarter IDOs, yield generation, and LP-ing, all without inflating the circulating supply of the token, which is really cool.

This will reduce protocol debt accumulation, or sell pressure for LPs who would withdraw their LP positions and sell XRUNE as soon as the rewards stop.

The goals with Forge are to give users much higher yield, simplify and integrate all Thorstarter products (tiers, staking, LPing, etc), and to do that without simply donating XRUNE and inflating the circulating supply of the token, with a deflationary and sustainable yield, done by aggregation of XRUNE tokens from a bunch of different sources, not necessarily out of the treasury (key point).

These are some really really interesting and promising news coming from the THORstarter team, how do you guys feel about Forge?

I actually got in the telegram for Dwellfi since the idea really caught my interest, and was pleasantly surprised, the group is really active for such a small community which I do think is a good indicator of things to come and commitment from the actual team behind the project.

It's this one btw

t.me/dwellfi

and the discord server if you're interested

discord.gg/ZRAchY34

We all saw the fiasco that was Terra Luna… and with this destruction of the whole ecosystem a whole bunch of good ideas and projects trying to build awesome stuff on Terra came to a crashing halt.

All those projects have been left hanging or dead probably forever, but I think there might still be hope.

As you know terra is basically built on Cosmos SDK, and Maya protocol (Thorchain fork) is compatible with the cosmos SDK in which projects can be built, and I’ve heard rumors that maybe Maya could integrate and provide support for those projects that were building on Terra.

I think this is a pretty cool idea that prevents projects with real potential to be affected by the trainwreck that is Terra Luna and USD.

Hi fellow degens.

I recently found an interesting project called Weavechain apparently aiming to bring big data over to web3. With strong data ownership rights, increased collaboration, and trust in technology driven by cryptographic truths.

The reason I find it really interesting is because I’ve heard of the difficulty of big data migration and integration onto web3

Weavechain has three main attributes that make it actually useful and key to bridging big data over

Performance

Architecture that satisfies enterprise data governance: private permissioned sidechains that are networked through a public permissionless mainnet to get the best of security and interoperability.

Interoperability for (actually) integrating web3 instead of rip and replace, by giving users the benefits of web3 without the need for new engineering expertise or risky rebuilds.

With this little context, what do you guys think about it?