a lot of FUD on Stacks lately
my 2c is simple: the moat is apps, to get apps you need devs, dev inflow has not been sufficient
devs go where other users (distribution) or incentives (money) are.. you have neither today on Stacks vs other ecosystems. as a result, you have a tiny
Comparing market caps of memes on different chains doesn’t make sense
I see people comparing WELSH/LEO MCs to DOGE/WIF/BONK… makes no sense since accessibility and volumes are nowhere near
You’d first need great infra + wallets and “main character” energy… until then nothing
Elephant in the room :)
1/ Yesterday an exploit was found in the Swap of @ArkadikoFinance. We recovered over 90% of all funds and temporarily disabled the Swap.
Your TVL in vaults is safe, stablecoin collateral is safe. This exploit is isolated to the Swap and damage is limited.
Yay, @ArkadikoFinance added xBTC/USDA and xBTC/STX pairs. My fav DeFi play on @Stacks rn:
1. Mint USDA with STX. ~8% APR paid in STX
2. a. Use 50% of USDA to buy xBTC. LP on xBTC/USDA.
b. LP on xBTC/STX
3. Stake LPs: 230% xBTC/USDA - 100% xBTC/STX
DeFi on Stacks is here 🔥🔥
Arkadiko 2.0!
Redemptions is probably the biggest thing we're shipping since our initial mainnet release 🙃
Just shared our code for audit with @coinfabrik as well - can't believe this effort is finally coming together
Hip Hip Hooray! 🎆
It's our 2nd birthday 🥳
Millions of dollars in self-repaying loans have been issued! Can you believe that?!
Thank you all for your continued support!
Here's a little sneak peak for what's in store next year👇
🔥 It’s happening, Arkadians! 🔥
We’re proposing weekly $DIKO buybacks of $10k using protocol revenue. This could be the biggest moment for $DIKO holders yet!
Ready for some serious action? 💪
🧵👇
