Member Info for PAS14

... until we have news ... and know for sure .... doubt will remain for certain !
GLA that are keeping the faith ... Sleep tight , dont let Supersonic bite !

.... no problem starship .... he is indeed very contradictory with his posts ..... he sees the share and FG as a joke .... yet cant leave us alone ... FOMO d'you think ??

Addison ..... i think there s few dupluicates ... here and there (ADVFN ) !!

... i think you're missing my point Starship ..... i'm querying SuperSonics never ever ending contradictions .... they make no sense ... theres no rationality to them ..... theyre very very odd to say the least.... he seems to forget what he's previously said ,,,, then looks a fool with his latest predictions ....

As for FG and responses .... thats a separate debate ... with which i dont neccessarily disagree with you ....

... and hey ... Suoer-douper - Sonic ...... as per yer earlier post ( below) ... why on earth would FG annoy you ..... if this share/ QBT as you put it, is ' a crock of S***' ..... you reallly do take the bikky ! ;-))))))

Or ..... are you really here to save us all from ourselves ..... or are you just a ***********

......One other thing that annoyed me was reading that fg was 'too busy' to reply to private investors. Busy doing what ffs?

hey Supersonic .... remember this post ....

23 May 2022 10:50
I could buy in in 2 months time sub 1p - but I wont.

... seems all your predictions dont neccessarily come true !!? ;-)

... and while we're at it ... why would you follow a share for '8 years' to quote you .... only to pop back every now and then just to ridicule existing holders .... there is something very very odd about that kind of behaviour .... or deep down you just cant let go !! ;-)))

Starship .... there is an old Chinese proverb .... that says ... the longer you wait for important news , the better it is likely to be .... i'm not sure if that helps ! ?

And i'll therefore add to that ..........

Since dropping to 2022 lows in mid-June, the crypto market has been staging a gradual recovery as its total market cap has reclaimed the $1 trillion mark and Bitcoin is up more than 20% from its sub-$18,000 levels nearly two months ago.

Another sign of momentum: institutional investors, including some of the world’s largest banks and asset managers, put a total of $474 million back into the crypto market in July, a high watermark for the year, and nearly a complete reversal of June’s $484 million of outflows.

Since dropping to 2022 lows in mid-June, the crypto market has been staging a gradual recovery as its total market cap has reclaimed the $1 trillion mark and Bitcoin is up more than 20% from its sub-$18,000 levels nearly two months ago.

Another sign of momentum: institutional investors, including some of the world’s largest banks and asset managers, put a total of $474 million back into the crypto market in July, a high watermark for the year, and nearly a complete reversal of June’s $484 million of outflows.

.... in anything BLOCKCHAIN ....

You can count on one thing: cryptos are part of a revolutionary, world-changing technological trend.

And, for my money, a potentially even BIGGER opportunity is emerging before our very eyes…

Right now, while many of us are closely-eyeing price movements and holding out for a bottom…

There is a story that is going unnoticed by many… A potential multi-trillion-dollar tech event that could eventually leave bitcoin and many cryptos eating dust........

.....the exponential growth of BLOCKCHAIN TECHNOLOGY !!!!

2/2

For example, DeFi platforms use a concept called yield farming. This is when users stake or lend crypto assets to a DeFi network in order to generate returns (or rewards) in the shape of crypto tokens. This process can be pretty complex, with users required to lock up funds in liquidity pools underpinned by smart contracts.

In this instance, DeFi networks can offer more favourable yields to attract liquidity to the protocol, which it needs to fully function. However, the yield offered is dependent on several factors, including the demand for a token, and the amount of collateral provided when borrowing.

Could DeFi be the future of finance?
It has the potential to become a widely recognised alternative financial system. As crypto adoption and acceptance accelerates, it’s likely that DeFi use will grow alongside it.

The fact it can help users gain total control of their finances, generate wealth and improve financial efficiency, makes for an exciting proposition.

However, DeFi still has a long way to go, and it has a lot to answer for in terms of its usability and financial stability.

DeFi is complex for the crypto novice, and it brings several unknowns.

Obtaining certain DeFi tokens requires several stages, including coin conversion and setting up wallets. Understanding the range of options on a platform, such as staking, yielding and token swapping, can also cause confusion and prevent it from being used to its full potential.

The technology is still at a nascent stage and has several vulnerabilities relating to crypto price volatility, liquidity mismatches, security breaches and its ability to absorb shocks.

For example, Anchor protocol, a decentralised borrowing and lending platform, fell victim to the Terra Luna crypto crash earlier this year.

The crash saw Terra lose its unofficial “peg” to the US dollar following market manipulation, causing the value of ANC, Anchor’s protocol token underpinned by the Terra blockchain, to drop 99.2%. At the same time, liquidity locked up in the platform lost the majority of its value, sparking panic and chaos across the Anchor ecosystem.

These events served as a reminder of the risks of DeFi, which doesn’t have the safety net of regulation.

Nevertheless, the absence of things like centralised control and oversight is helping to open up innovation in the DeFi space, although it will stand for nothing if the security and usability of DeFi doesn’t improve and encourage mass adoption.

useful for any newcomers ......

What is “DeFi”?
DeFi, short for decentralised finance, is an umbrella term for peer-to-peer financial products available on crypto networks.

The term “decentralised” means a network with no central point of failure or control. Think about it like this…

The Bank of England determines monetary policy in the UK. The Monetary Policy Committee (MPC) has nine members. These nine people determine the bank rate and influence the financial futures of millions of British people.

Nine people determining the impact on the livelihoods of millions.

That is a very concentrated, centralised, power imbalance.

DeFi aims to eliminate that concentration and centralisation of control and influence to the wider network of peers.

DeFi is built on banking concepts found in traditional finance systems. That is, it allows a fully functioning financial system using financial tools such as collateralised lending, borrowing, insurance and payments.

In DeFi, value is typically exchanged through crypto. This is sometimes volatile crypto like bitcoin or Ethereum, or sometimes it can be through the use of “stablecoins” pegged to fiat currency like USDT, which is pegged to the US dollar.

In allowing participants to BYOB (be your own bank) DeFi opens up finance in many areas such as:

24/7 cross-border payments and remittance
instant payment settlement with low transaction fees
Borrowing and lending
Higher interest crypto savings accounts
Market making.
DeFi puts power and control over money and finance into the hands of the individual. It doesn’t discriminate, it is open, accessible and provides alternative finance options to people anywhere, anytime.

How does it work?
DeFi at its core is peer-to-peer technology. That means it’s an open-source financial system using smart contracts.

Each DeFi network has a set of smart contracts which automatically execute when triggered. This helps create an interoperable, self-governing network. For example, in DeFi exchanges, smart contracts automatically match, verify and settle transactions between buyers and sellers of a particular token.

When a transaction is executed using smart contracts, the action is recorded and made publicly available on the blockchain. Counterparty risk is also reduced, because the contractual obligation for a transaction is built into a smart contract, which lies out of the participant’s control. Finally, coded automation of smart contracts means they can be executed instantly with no friction.

Most DeFi protocols operate on the Ethereum blockchain due to its infrastructure. It easily accommodates smart contracts and decentralised apps, which many DeFi networks are built upon.

Although DeFi uses traditional banking ideas, such as borrowing and lending, it has its own mechanisms in place that you can’t really find in the TradFi world.

For example, DeFi platforms use a concept called yield farming. This is when users stake or lend crypto assets to a DeFi network in order to generate returns (or rewards) in the shape of crypto tokens. This process can be pretty complex, with users required to lock up funds in liquidity pools underpinned by smart contracts.

In this instance, DeFi networks can offer more favourable yields to attract liquidity to the protocol, which it needs to fully function. However, the yield offered is dependent on several factors, including the demand for a token, and the amount of collateral provided when borrowing.

Could DeFi be the future of finance?
It has the potential to become a widely recognised alternative financial system. As crypto adoption and acceptance accelerates, it’s likely that DeFi use will grow alongside it.

The fact it can help users gain total control of their finances, generate wealth and improve financial efficiency, makes for an exciting proposition.

However, DeFi still has a long way to go, and it has a lot to answer for in terms of its usability and financial stability.

DeFi is complex for the crypto novice, and it brings several unknowns.

Obtaining certain DeFi tokens requires several stages, including coin conversion and setting up wallets. Understanding the range of options on a platform, such as staking, yielding and token swapping, can also cause confusion and prevent it from being used to its full potential.

The technology is still at a nascent stage and has several vulnerabilities relating to crypto price volatility, liquidity mismatches, security breaches and its ability to absorb shocks.

For example, Anchor protocol, a decentralised borrowing and lending platform, fell victim to the Terra Luna crypto crash earlier this year.

The crash saw Terra lose its unofficial “peg” to the US dollar following market manipulation, causing the value of ANC, Anchor’s protocol token underpinned by the Terra blockchain, to drop 99.2%. At the same time, liquidity locked up in the platform lost the majority of its value, sparking panic and chaos across the Anchor ecosystem.

These events served as a reminder of the risks of DeFi, which doesn’t have the safety net of regulation.

Nevertheless, the absence of things like centralised control and oversight is helping to open up innovation in the DeFi space, although it will stand for nothing if the security and usability of DeFi doesn’t improve and encourage mass adoption.

What is “DeFi”?
DeFi, short for decentralised finance, is an umbrella term for peer-to-peer financial products available on crypto networks.

The term “decentralised” means a network with no central point of failure or control. Think about it like this…

The Bank of England determines monetary policy in the UK. The Monetary Policy Committee (MPC) has nine members. These nine people determine the bank rate and influence the financial futures of millions of British people.

Nine people determining the impact on the livelihoods of millions.

That is a very concentrated, centralised, power imbalance.

DeFi aims to eliminate that concentration and centralisation of control and influence to the wider network of peers.

DeFi is built on banking concepts found in traditional finance systems. That is, it allows a fully functioning financial system using financial tools such as collateralised lending, borrowing, insurance and payments.

In DeFi, value is typically exchanged through crypto. This is sometimes volatile crypto like bitcoin or Ethereum, or sometimes it can be through the use of “stablecoins” pegged to fiat currency like USDT, which is pegged to the US dollar.

In allowing participants to BYOB (be your own bank) DeFi opens up finance in many areas such as:

24/7 cross-border payments and remittance
instant payment settlement with low transaction fees
Borrowing and lending
Higher interest crypto savings accounts
Market making.
DeFi puts power and control over money and finance into the hands of the individual. It doesn’t discriminate, it is open, accessible and provides alternative finance options to people anywhere, anytime.

How does it work?
DeFi at its core is peer-to-peer technology. That means it’s an open-source financial system using smart contracts.

Each DeFi network has a set of smart contracts which automatically execute when triggered. This helps create an interoperable, self-governing network. For example, in DeFi exchanges, smart contracts automatically match, verify and settle transactions between buyers and sellers of a particular token.

When a transaction is executed using smart contracts, the action is recorded and made publicly available on the blockchain. Counterparty risk is also reduced, because the contractual obligation for a transaction is built into a smart contract, which lies out of the participant’s control. Finally, coded automation of smart contracts means they can be executed instantly with no friction.

Most DeFi protocols operate on the Ethereum blockchain due to its infrastructure. It easily accommodates smart contracts and decentralised apps, which many DeFi networks are built upon.

Although DeFi uses traditional banking ideas, such as borrowing and lending, it has its own mechanisms in place that you can’t really find in the TradFi world.

.... BoE Dep Guvnor on the news last night .... said DC's definitley have a place in the future ! And that the technology behind it (Blockchain) has good potential .... (and thats from a 'conservative' civil servant !)

This may all crossover with Ragnarrs great work .... apologies if so....

Gm Pendulum People, the time has come to decentralize forex Let’s dive into the updates!
Did You Know
Amber AMM Whitepaper Released
Amber will be the first AMM built on Pendulum. Check out the Amber Whitepaper to learn how its forex-optimization can open the floodgates for FX liquidity to flow into DeFi, all without impermanent loss! Unsure how AMMs work or what impermanent loss really means? Learn more from our recent AMM explainer article.

Latest Updates
Decentralized Forex & Stablecoins on Pendulum

CTO Torsten was rocking the stage yet again at ParisDOT. His talk covered Spacewalk bridge as well as how Amber will launch on Pendulum as a forex optimized proactive market maker. Making Forex on-chain trading viable at last!

Amplitude Parachain Launching Soon
Check out this twitter thread to learn more about the Amplitude & Pendulum roadmap that includes fiat on/off ramps, forex-optimized AMMs, XCMP integration and cross-chain bridges. The lease slot on Kusama
has opened and we expect Amplitude to be live soon. Get all launch details and learn about our road to democratization.

Events
August 11th hosts DeFiCon in New York and the Blockchain Futurist Conference in Toronto is happening right now. Our CEO Alex and CMO Daniel are meeting builders, VCs, parachains, fintech's and our ecosystem community.

Community
Community Call
Thank you for all the great questions during our Community Call with Bifrost, Interlay and Amber. Click below to revisit this insightful discussion and keep an eye out for more Community Calls that you can get involved with!

Grants Program
Remember we are offering funding and support to builders looking to develop infrastructure on Pendulum.

Apply for a Grant
Ambassador Program

The Ambassador Program launched recently and we’ve received well over 250 applications so far. Thank you for sharing our excitement to grow the AMPEN community.



Those are the updates! Remember our legendary Community Manager Jonathan alongside the new Brand Ambassadors are waiting for you in the Telegram and Discord channels!

Blubutton .... you seem to **** boards off everywhere .... why do you invest in Co's ( assume you are invested , otherwise why would anyone bother ? ) .....if you have such littlregard for all the BoD's ??

...A Q for Bitcoinbull ... are you supportive and a believer in QBT .... or is your 1mil north holding ... purely a punt ?

You see Aldebaran .... its called a Strategic growth pathway ..... as opposed to a strategic pattern of irratating sarcasm .... it would be so much better if you actually contributed ('challenge'.... in any business model is grounds for sound debate) .... as opposed to this constant sarcasm .... why do you bother .... really why ... please explain ... are you here to save us all ... or just ridicule holders ? Contribute ... or please kindly stop bothering us with your otiose and vexatious wit ( or lack of ) ;-)

Not at all WW ... i did wonder as you seem to have a similar sense of humour to me ! No upset this end .... I think we all feel a bit sorry for poor old ( or young ) Aldebaran ! :-)
ATB