BAMK’s NUSD: The first stablecoin as a BRC20 and Rune on Bitcoin, providing yield and stability without traditional banking. Explore BAMK’s innovative DeFi solu
Brief Update Building on the foundation of innovation detailed in my previous articles ,
•OF•NAKAMOTO•DOLLAR Market Cap for the circulating supply is $8,003,375 and Fully Diluted Valuation is $128,139,425. / $ is rooted in the synthetic dollar idea pioneered by Arthur Hayes. . Background and Development and the Total Value Locked of $ in a ‘first in, first out’ system where if you got in at the first block that $
per block after block 886,454, for the next 41,962 blocks The team behind and BTC without ever having to go through another party or exchange. This greatly enhances its appeal to users looking for decentralized financial solutions. And if you're an optimist, that should signal other ideas about what else
TVL or price fluctuations of , such as the introduction of an authorized mint and the implementation of Automated Market Maker swap pools. Centralized exchanges will also give the project validity and support, further boosting liquidity and integration with other stablecoins and blockchain networks, addressing one of the critical components for the success of any stablecoin. At least that is what we have seen in the past with other stablecoin projects.
is essentially a brand new project as is the Runes protocol on Bitcoin, and, Ethena the ‘engine under the hood’ backing this thing is about six months old. The ideal situation for the ecosystem is for tokens. It’s important to remember that while a developed stable should yield around 10-20% max, the current high yields are due to the early stage of the project. Additional Resources For more information on
Documentation: Access comprehensive documentation about 's yield calculator. -related resources, projects, and community links. For further insights, you can watch the latest is paving the way for a new era in decentralized finance. Transparency, liquidity, and organic growth will be the pillars supporting the continued success and expansion of
- Pioneering the Nakamoto Dollar on Bitcoin Bitcoin’s First Synthetic Dollar - The $ •OF•NAKAMOTO•DOLLAR price is currently sitting at 8.55 sats after seeing a high of 10.94 sats in recent days. • •OF•NAKAMOTO•DOLLAR price is currently sitting at 8.55 sats after seeing a high of 10.94 sats in recent days.
• • Total Value Locked is $1,325,600 and USDe reserves $1,335,982. backed by Ethena sUSDe Rewind has effectively leveraged Ethena's synthetic dollar to back offers a unique value proposition by allowing users to earn yield directly on the Bitcoin blockchain, which we haven’t seen before. At present, the yield offered is roughly between eight hundred and a thousand percent. The protocol's initial open mint model ensured a fair distribution and actived community participation.
. Simply buying and holding was rewarded you will be the first to be paid out, and if you are the last, you will be the last to be paid out. calculated here See below from Bamks Git here : Bamks Git here Allocation: 31,250 per block, pro-rata, user_holdings/ presents both risks and benefits. As a synthetic dollar, it carries the risk of Ethena’s backing. However, the reason you would want to hold
is currently backed by USDe and eventually, the plan is for it to be fully backed by BTC once the infrastructure allows for it. Being able to deposit BTC for holders. Future Development are currently modest but are anticipated to increase as the project gains traction. Addressing issues such as negative funding rates, which can be managed by encouraging withdrawals and redeeming the synthetic dollar. This should further stabilize and enhance the attractiveness of
price to go up, yield to maintain these levels or rise, and for all of this to repeat. However, if Official Website: Explore the latest updates, projects, and developments from Yield Calculator: Calculate potential yields from holding ecosystem on the leaderboard. . ’s protocols, tokens, and governance.
using Leaderboard : Check out the top holders and participants in the Directory : Discover a directory of
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