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56341875 No.56341875 [Reply] [Original]

USDR DEPEGGED
HOLY FUCK

>> No.56341892

>>56341875
damn get pegged cointards

>> No.56341903

When will cryptoniggers finally understand that algostables will never work?

>> No.56341907

>>56341875
Polygon-based stablecoin Real USD (USDR), backed by real estate holdings


>MY ZESTIMATE IS DEPEGGING

>> No.56341926

>>56341875
>USDR

Literally who

Lmao

>> No.56341927

>>56341875
Nice, time to finally buy at all time low

>> No.56341983

BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP BUY THE DIP

>> No.56342001

>>56341875

Why is there a real estate crypto currency? clearly you cannot peg something like that retards it does not stay the same value obviously

>> No.56342011

>>56341875

Whoever made this should be sent to jail kek

>> No.56342013

>>56342001
Bitcoin just went sub 25

>> No.56342026

>>56341875
>shitcoin destined for failure fails
oh noooooooooooooooooooooooooooooo

>> No.56342059

>>56341875
>USDR
>issued one some shitcoin with sub 50k volume it’s entire lifecycle
>somehow pegged to real estate
This is probably a chainlink partner isn’t it top fucking kek

>> No.56342077

absolute nothing burger, nobody gives a shit about this

>> No.56342112

>>56341875
Crikey

>> No.56342233

why is it that i only ever hear about these stablecoins when they collapse?
how many of these things are there?

>> No.56342241

>>56341875
United States Dollar Retarded?

>> No.56342264
File: 250 KB, 500x436, 1696946921476896.png [View same] [iqdb] [saucenao] [google]
56342264

Is there such thing as a stable coin?

>> No.56342292

>>56342264
The oldest of all, USDT, has been pretty stable for years despite all the fud

>> No.56342328
File: 9 KB, 240x240, F7l7uuyXUAEp7IY.jpg [View same] [iqdb] [saucenao] [google]
56342328

>>56342264
DAI & USDT never had problems, DAI was close to lose it's collateral ratio once tough.

>> No.56342373

>>56342328
dai is mostly backed by usdc and depegged when usdc's bank rugged but it went back to peg because they're more regulated than a white guy trying to build a house on his own property in california

>> No.56342399

>>56341875
Well this doesn't look good for linkies...

>> No.56342412
File: 208 KB, 801x457, kek.png [View same] [iqdb] [saucenao] [google]
56342412

"Secured by ChainLink" HAHAHAHAHHA

>> No.56342446

>>56342412
it's over

>> No.56342479

>>56342001
I mean you could as long you overcollateralize it by 200% or something.
I’m never touching jeetcheet that said.

>> No.56342516

PEG ME MOMMY

>> No.56342523

>>56341875
>>56341903
is this really ANOTHER algo stable holykek

>> No.56342534

two more depegs

>> No.56342535

>>56341875
who?

>> No.56342539

>>56342292
because usdt is government controlled retard

it wont depeg until they are ready to kill it

>> No.56342547

>>56342412
so that's why link is pumping

>> No.56342675

>>56341926
do you normalniggers literally live under a rock
usdr has been everywhere in defi those past couple months

>> No.56342913

>>56342675

>DeFi

Shit's dead.

>> No.56342948

>>56342675
is that why their Dai reserves ran out

>> No.56343001
File: 1.30 MB, 1922x1381, 1629160418402.png [View same] [iqdb] [saucenao] [google]
56343001

>>56341875
Shitcoin niggers BTFO

There is only one stablecoin and it's pic related.
Now KNEEL and APOLOGIZE you fucking niggers.

>> No.56343010

>>56342675
>DEFI

No one with real money in a bank uses that garbage. Shitcoiners are subhuman idiots.

>> No.56343014
File: 1.60 MB, 228x180, bbath.gif [View same] [iqdb] [saucenao] [google]
56343014

>>56341907
>MY ZESTIMATE IS DEPEGGING

>> No.56343222
File: 9 KB, 723x122, lmao.png [View same] [iqdb] [saucenao] [google]
56343222

>>56342412
they never learn

>> No.56343366
File: 13 KB, 480x406, 1678151018280958.jpg [View same] [iqdb] [saucenao] [google]
56343366

>>56342292
>>56342328
This. The harsh reality is that even the most decentralized ecosystems would rather use a stablecoin that's proven to be reliable throughout the years like Tether than gambling their own reputation away with a so-called "algo stable" in the name of a false sense of decentralization when its centralized counterpart gets the job done anyways. It's the reason why getting greenlit by Tether is treated as amazing news. Look up how Cosmos is now celebrating the fact that they've finally got native USDT liquidity through Kava.

>> No.56343380

>>56341926
Algorithmic stablecoins are a fucking meme and I'm tired of pretending they're not.

UST & USDN should give you niggers a crystal clear picture to never touch that kind of garbage ever again. I know I sure as hell won't.

>> No.56343387

Many such cases. Buy and hope they burn enough cash to peg it again lol I did that with Neutrino twice and profited.

>> No.56343394

that's what you get for buying stupid experimental bullshit tech. algo stablecoins should have stayed as a fun little concept. just like nfts. 80% of what crypto is should be conceptual in fact, yet here we are.

>> No.56343396
File: 2.59 MB, 4000x5000, 1696624116524297.png [View same] [iqdb] [saucenao] [google]
56343396

>>56342292
>it will vanish aaaany day now... that CIA raid will happen tomorrow, I bet... Aaaany day now...

>> No.56343399

>>56343366
Hey that's kinda cool. Four years too late but cool nonetheless.

>> No.56343404
File: 1.31 MB, 512x640, 1689617648670760.gif [View same] [iqdb] [saucenao] [google]
56343404

>>56342412
SO THIS IS THE POWER OF CHAINLINK... LINKIES... I KNEEL!

>> No.56343413

>>56343380
They both turned out to be ponzis. lol

>> No.56343418

>>56343366
defi obsessed techbros always fail because their toys are simply ineffective and retarded. normal people with functioning brains use stables and cex's.

>> No.56343425

>>56343396
I want to lick her abs.

>> No.56343427

>>56343404
k-knees.... bending on their own.... AIIIIIIEEEEEEE

>> No.56343435

>>56343418
I bet you also support KYC too faggot

>> No.56343635

>>56343366
Yup.
We only need a couple things to be decentralized to not have to worry about centralization somewhere else. If USDT misbehaved people would move to something else and most things could remain almost completely unchanged.

>> No.56344718

huh?

>> No.56344769

>>56342675
>wow you idiots have not lost money on this deppeg!? you are so stupid!

proceed to cut you veins braindead tranny

>> No.56344783

LITERALLY
FUCKING
WHO

>> No.56346300

>>56343380
>Algorithmic stablecoins are a fucking meme
DAI works just fine faggot

>> No.56346964

>>56341875
1 letter away from USSR

>> No.56346981

>>56343435
If you don't want to pay taxes on crypto then move to saudi arabia

>> No.56347098
File: 808 KB, 1152x2496, Screenshot_20231012-125242.png [View same] [iqdb] [saucenao] [google]
56347098

>>56342412
Thought this was shopped but it's really there

>> No.56347239

huh??

>> No.56347571

>>56342675
Maybe if you third worlders were innovative, defi would be worth keeping up on. But lately all you retards can deploy is even shittier versions of the garbage that already exists.

>> No.56347623

>>56347571
its on a dead chain, polygon
it's no wonder nobody ever heard about it

everyone's just waiting holding their capital until all the new chains outside of btc/eth+l2s launch.

>> No.56347691

>>56341875
Who?

>> No.56347728

>>56342412
just like celsius

>> No.56348429
File: 181 KB, 633x720, cuck kennies.jpg [View same] [iqdb] [saucenao] [google]
56348429

>>56341875
during the pegging process there's usually a giver and a taker. whom is whom in this current scenario?