/biz/ - Business & Finance

>>29753908
based

>>29753908
>HYPERINFLATION
Tell this to Fed, they are killing our toilet paper(fiat)'s value.

>>29753908
>synthetic assets
Bitcoin is a synthetic asset too which is pegged inversely to fiat.

>>29753908
>fighting
You can't fight which is inevitable

>>29753908
DAFI TGE will be in 4 weeks too

>>29753908
Cool buzzword salad

>>29753908
More like dafi duck lmao go fuck yourself

>>29753908
I was ripped off via Synthetix project once as they are into synthetic assets too.

>Connected my ERC20 wallet to their interface >Tried to create synthetics from 4 existing (compatible) tokens.
>Money is gone!
>Its gone!

>>29755386
>>29755443

>>29755386
You must be new here. Welcome to crypto tard-fren

>>29753908
>>29754348
>they are killing our toilet paper(fiat)'s value
Be grateful every day for not being Brazilian. Do you know what our annual credit card interest rate is?

329% per year.

>>29756218
credit card interest? what's that? i'm not a mouth breathing retard so I clear the balance in full every month

>>29756218
Try to live on a shitty economy and you will discover what it is

>>29754733
>Bitcoin
This is unironically headed out of the Top 5 this year, isn't it?

>>29756818
>headed out of the Top 5
Tell that to Michael slayor.

>>29753908
>synthetic assets
While the primary use-case for cryptoassets continues to be speculation, I don’t believe this is a bad thing. Speculation was a key driver in the development of traditional financial markets and continues to play an important role in the industry today

>>29753908
>>29757459
But cryptoasset market today remains immature and suffers from a lack of liquidity; unlike assets within the traditional financial system, which have built a baseline of liquidity over multiple decades, most cryptoassets are less than a few years old.

>>29757459
synthetic assets are playground for both institutional and retail participants.

>>29757687
>lack of liquidity
Synthetics can be used to inject liquidity into the market, which reduces costs for investors.
One example is a credit default swap

>>29754733
>Bitcoin is a synthetic asset
Maker’s Dai stablecoin is likely the most widely known and used synthetic in DeFi. By locking Ethereum as collateral, users are able to mint a synthetic asset, Dai, which maintains a soft peg to USD.

>>29757154
>Michael slayor
He just bought the top around $56k & posted it on twitter to rekt noobs followers.

>>29759292
>around $56k
Hope he knows we are going to 20k.

>>29759610
Somebpdy should tell him this otherwise MSTR is fucked again anon.

>>29757888
Synthetic representations of real assets are an important first step, but I believe the design space for derivatives in crypto is massive and largely untapped

Where do I buy?

>>29759953
>Where do I buy?

Suits already bought anon

https://twitter.com/DAFiProtocol/status/1364940003403583493?s=20

>>29760082
Oh great so now I just have to buy when it comes out to get dumped on by pre sale whales.

>>29760473
Good luck with gas fees on Uniswap.

>>29760807
Why can't ADA kill ETH already?

>>29760807
>gas fees
You sound like a ripple-shizo

DAFI Tokenomics
Ticker - D A F I
Total supply - 2,250,000,000
Circ. supply - N/A
Type - ERC20
Exchange listing - March 2021 (TBC)

>>29760980

>>29761301
These stats doesnt change the fact its a shitcoin, just make your monies on it and forget.

>>29761455
I was just posting it because I was looking for them myself.
I'll try to get in early and if I'm lucky it can moon.

>>29760082
>Suits
>>29760473
>get dumped
What if they're shaking out weak hands now institutions are buying?

>>29760980
>Why can't ADA kill ETH already?
Lol if ADA gets to #2 during this bullrun I will personally liveStream myself eating my own cum becasue I’d be a multimillionaire and I wouldn’t give a shit. Cap this faggot.

>>29761715
Alright see you in August

>>29761848
>Alright see you in August
What we have in August anon? Planned Chinks ban?

>>29761618
>shaking out weak hands
kek

>>29761848

>>29760807
>gas fees
ETH fees aren't high because the price of ETH is high, the fees are high because the network is under massive load from being used so much

>>29759610
yes goy, sell all your holdings

>>29757888
Traditional derivatives that are structured for the various participants in the cryptoasset markets, as well as “crypto-native” derivatives that have not previously existed in traditional financial markets.

>>29763241
>sell all your holdings
Unrealised profits are not profits.