Dai

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Sep 21, 2021
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Sep 28, 2021
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Dai Mentioned by strategists

Right now, UST makes up nearly 2% of total stablecoin market cap. Yet, it is has all the potential to gobble up a lot of more in the near future. Apart from all the promising new projects on Terra that use UST, UST taking over more of the stablecoin market could spike $LUNA prices even more.


Since most stablecoins ($USDC, $USDT, ...) are collateralisied by centralised assets (USD, Gold, commercial paper, bonds, ...) the SEC wants to treat these coins as securities. Banks are seeing the outflow from their reserves to DeFi and are putting pressure to regulate these "securities" and subject them to US law. As of July the SEC are digging into the issue more seriously and it is a matter of time before they take actions. Whereas $DAI is somewhat more decentralised, 69% is still backed with $USDC (and 29% with $ETH). If $USDC gets regulation $DAI will be affected too. UST is still the most decentralised stablecoin out there. Which is also the reason why American exchanges don't trade it.


Terra's UST isn't backed by any collateral, instead it is arbitraged by burning/minting $LUNA. And since Terra is based in South Korea US law isn't applicable anyways. If Korea start to crack down on them (which would be an unwise move, considering their current/potential scale as a company) Terra will just pack up and start writing code somewhere else. Even though financial institutions don't like it, legally there isn't much they can do. Terra's Thai Baht stablecoin is still being used, even though the Thai government tried to crack down on it. After all it's just pegged to the value of THB, and not backed by any Thai funds.


After Col-5 goes live, UST will become the main stablecoin for the IBC on Cosmos ($ATOM) and it will move around freely between more and more blockchains. I wouldn't be surprised if it becomes the biggest one on $SOL in a matter of months and the largest one in DeFi over time as fear of stablecoin regulation grows.



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9 people like this
Eigernord
1 Sep, 2021

Performed semi-monthly re-balancing. Over again taken the trend strength / performance of each cryptocurrency within the portfolio during the last period (14 days) as a basis and adjust the weighting accordingly (up and down +/- 0.25%). In the past period, this has resulted in Arweave $AR becoming the weightiest title in the "Eigernord" portfolio (5%). Whereas $DAI due to falling below 1% share was removed from the portfolio. 

One person likes this
Crypto Index 25
1 Sep, 2021

🤟 Rebalancing Info 01.08.2021 🤟


Strategy Performance August: +47%🚀

Winner August $SOL  +216%📈

Loser August $DAI -0%👀


Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.


2x New: $AVAX, $ATOM

23xRebalanced

2x Out: $EOS, $XMR 


🤟 www.crypto-index-25.de 🤟

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13 people like this

Have some tight stops set to go to 66% cash ($USDC, $DAI) and cash proxies ($PAXG) if we get some weekend volatility. LT still very bullish $BTC - hopefully we get a nice dip to load up. Have a great weekend folks!

7 people like this
MOONITY
10 Aug, 2021

Aloha fellow followers,


Moonity shaved off .15% $BTC profits (@ €38.7k), hedging more $DAI to buy around and below €36k.


stay healthy, happy & mindful 

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One person likes this
MOONITY
6 Aug, 2021

Moonity took minuscule $BTC $XMR $RVN $AAVE profit into $DAI. A possible Bitcoin correction to €35k is possible and we're prepared to lower our Euro-Cost-Average on the corn.

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One person likes this

1/2


$BAT retesting its break out in dollar terms ( $USDT / $USDC / $DAI ), RLZ within RLZ (green box within a green box). Will look to add to our position on further market strength

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4 people like this

With cash dominance on the decline (aggregated $USDT, $USDC and $DAI dominance) , it certainly is looking like the dash for cash is temporarily over and we may see some tail winds for $BTC and $ETH

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4 people like this
Value Token
11 Jul, 2021

Took profits from $FLOW (+65% in the last month) by adding to $DAI in order to refill the stable coin position (now 3% of strategy). The goal is 5 % in stable coins to be able to profit from opportunities in a market which is trending sideways.

5 people like this

✅ GoldHorn Crypto® has executed quarterly readjustment of GoldHorn Crypto® DeFi structure.

Remove: $DAI.

Added: $GRT.


✅ GoldHorn Crypto® has executed passive equal weight strategy by rebalancing GoldHorn Crypto® DeFi structure.


✅ www.goldhorn-crypto.com ✅

6 people like this