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SUN XIAOCHUAN(Emperor of Xinjin)
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Underground crypto godfather Chief Abstraction Officer Emperor of Xinjin Kyoto thug
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SUN XIAOCHUAN(Emperor of Xinjin)
01-09
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Congratulations to Unias for listing on Binance Wallet, becoming the first Booster project of the new year. The first phase has simple tasks and low barriers to entry; you can earn interest and receive airdrops by staking USDT through your Binance wallet. If you're interested, you can participate – it's excellent value for money! As the first user to deposit money on Untias, my 20K U has generated a total of 1350U in interest over four months, along with 15M+ airdrop credits, ranking #211 among 83K users. Overall, the experience has been good. We remain optimistic about Unitas. 1) Unitas’ core product is USDu, which users can earn returns from the “Delta-neutral arbitrage strategy” after staking. 2) Unlike other similar projects, Unitas' Delta-neutral arbitrage strategy is based on Jupiter's JLP (JLP is an index fund composed of BTC, ETH, SOL, USDC, and USDT). 3) Therefore, its overall returns are driven by two wheels: on the one hand, there are underlying returns (transaction fees, clearing income, etc.) generated from holding JLP, and on the other hand, there are returns from neutral arbitrage (opening opposite positions on CEX/DEX such as Binance and Aster to hedge). Unitas will also launch new options arbitrage strategies in Q2 to further broaden profit channels, increase strategy richness, and enhance the security of returns. 4) Enterprise-level transparency mechanism and institutional-level risk control: On-chain holdings are verifiable in real time, with PoR proofs provided by five institutions including Chainlink, Primus, accountable, succinct, and HT digital (audit reports are released weekly). The hedging positions used for arbitrage are also hosted by well-known custodians Copper and Ceffu, and then mapped to exchanges (no exchange counterparty risk, industry standard practice). The accounts used for hedging are also equipped with the special setting of "no ADL risk". 5) Stable returns, with daily payouts. Currently, the APY is around 13% (it even reached 20% when the market recovered in Q3, showing great elasticity), far ahead of competitors. The project has ample cash flow and a solid product-market fit (PMF), so it can thrive even without issuing its own token. The team also has excellent industry resources (Booster is just the beginning) and extensive experience in managing large sums of money in the crypto. twitter.com/sun_xinjin/status/...
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SUN XIAOCHUAN(Emperor of Xinjin)
06-15
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In my opinion, the bank's capital efficiency will not be higher. Because stablecoins are all "fully collateralized", they cannot generate a monetary multiplier effect. For example, if a bank issues stablecoins, the changes in its balance sheet might be: 1. Asset side: 1:1 reduction of reserve funds (in the era of excess reserves, simply reducing is sufficient) to purchase short-term debt (increase) 2. Increase stablecoins on both asset and liability sides 3. After sending stablecoins to the demand side, reduce stablecoins on the asset side and reduce bank deposits (demand side deposits) Or establish a dedicated subsidiary for issuing stablecoins. If so, its impact on the bank's balance sheet would be similar to <Circle> and other companies. You will find that this does not generate a monetary multiplier like "loans": i.e., increasing loans on the asset side and increasing deposits on the liability side. Ultimately, the "loan" operation consumes only 0.0x% of bank reserves when increasing deposits, while stablecoin issuance consumes reserves in a real sense.
菠菜菠菜|bocaibocai
@bocaibocai_
06-15
最近一直在思考,稳定币板块未来五年什么公司的股票会爆发? 有个暴论:我认为银行会在稳定币支付领域拥有绝对性优势占据主导地位,借助其清算网络以及货币创造能力的结构性优势。 支付服务提供公司只能以 1:1 资本效率来运作时(每笔交易需要100%预存资金),而银行可以以 29:1
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