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>> No.50310828 [View]
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50310828

>>50310661
Trade on gTrade, buy both coins. Simple as.

>> No.50177049 [View]
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50177049

>>50176980
Come home white man. DEX's are the only place where your liquidation isn't being hunted for.

>> No.49820054 [View]
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49820054

>>49819556
DAI vault is great for the people who know where the apy comes from. Most people call scam straight away. Their loss.

>> No.49683948 [View]
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49683948

WTFWT

>> No.49438273 [View]
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49438273

>>49434924

>> No.49316932 [View]
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49316932

>lev platform
>allows too many shitcoins and too much exposure on it.
>takes collateral of trades and burns it leaving only a small insurance layer and a significant but not protocol owned layer of DAI stakes as a backstop.
>intends to refill through minting when necessary
>gets hit by double whammy of month long AXS short by random whale hedger and traders shorting LUNA all the way down.
>Takes a 3 mil loss, way in excess of the 700k insurance layer on top of the DAI vault.
>Protocol starts minting to refill, panic in coin ensues.
>Near death crash ensues $2.3 -> $0.6
>Dev does something
>increases rewards for DAI stakers (now 31% APY)
>Delists shitcoins
>raises fees for low leverage traders
>limits max allowed exposure
>codes new architecture for vault and probably borrowing/funding fees
>sells part of own private stash OTC in order to re-establish confidence
>announces plans to relist shitcoins and lower leverage in the near future
>traders keep trading
>vault slowly healing
>no current large outstanding positions
>Vault only 1.1M undercollateralized, down from 1.25M just three days ago
>Dev and Gov funds still hold considerable positions
>Price still severely depressed at $0.71
>Still the only place to trade stonks and forex on chain.
>Deploying to Arbitrum in summer.

This my frens, is a market mismatch.
Protocol is now out of existential risk zone.
Volume is down due to the bear market but at $48M/day still respectable and compared to its larger competitor GMX retains the same market share as pre-crash.
Price ratio between GNS and MATIC, it's native chain, and GMX, it's nearest competitor very much shows that even though everything crashed, GNS is still way below its normal ratios at what I would say is 2 MATIC or 0.08 GMX.
This would price it at about the $1.2 - $1.7 range.

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