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9Eves

@9eves

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9Eves
@9eves
Synthetic asset platforms often face the challenge of maintaining price parity between assets minted (oracle price) & corresponding price on AMMs Here’s how we are trying to address the issue. Let me know what you think. Comment below. https://medium.com/kreskofi/introducing-kreskos-stability-module-602617bc4564
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@9eves
Read more about the competition details, roles etc. in our blog. https://medium.com/kreskofi/announcement-the-quest-for-kresk-kresko-testnet-competition-cf255261bc02
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9Eves
@9eves
📣 The Quest for Kresk – A Kreskian Prophecies Adventure is upon us. It is a 6 week testnet competition that will teach DeFi & investing in a fun way. Complete missions, earn points, and win prizes. The game will begin on Fri, Feb 10th. Sign up here https://kresko.ck.page/42b1abe5f1 https://i.imgur.com/8B8Rpa2.
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@9eves
Join our mission to make wealth accessible to everyone, everywhere. Sign up to participate in our upcoming testnet competition, where you can win prizes like NFTs that grant access to the DAO and much more https://kresko.ck.page/42b1abe5f1
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@9eves
We actually wrote the whitepaper after we finished developing the protocol. 😄. Let me know what you think. Drop your comments.
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@9eves
GM! We have released our Whitepaper. Check it out -> https://bit.ly/3iYCYfF Kresko is a new synthetic asset protocol that allows creation synthetic assets - stocks, commodities, indices based on an external oracle price.
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9Eves
@9eves
Join our mission to make wealth accessible to everyone, everywhere. Sign up to participate in our upcoming testnet competition, where you can win prizes like NFTs that grant access to the DAO and much more https://kresko.ck.page/42b1abe5f1
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9Eves
@9eves
What sets Kresko apart from other DeFi protocols? ✅ Improved risk management ✅ Capital efficiency ✅ Better user experience Kresko is breaking down barriers and making it possible for people around the world to access financial markets and grow their wealth.
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@9eves
Protocol mints synth assets when CDP is opened & burns them when debt is repaid.
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@9eves
How does Kresko work? Synth assets are created by backing w/ 150%+ collateral and using an oracle price for the assets. Kresko is a novel model that uses a single-CDP-per-account model, i.e., each user can take multiple debt positions using one or more collaterals.
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9Eves
@9eves
Why are Synths imp.? Synths are derivatives that provide exposure to external assets w/o actually holding the underlying asset, making them useful for those who may not have the means to buy certain assets. Plus, they can be used to hedge against any risky price movements
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@9eves
How do we do this? By using the Kresko synthetic asset protocol, which allows for the creation of assets like gold, Tesla stock, or S&P 500 ETFs. Think of it as a generic stablecoin protocol that can create any asset
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9Eves
@9eves
Hello 👋 Wanna know what we have been buidling? Introducing Kresko, a DeFi platform on a mission to democratize access to wealth. Our goal is to make financial stability and opportunities available to anyone, anywhere 🌍 https://medium.com/@KreskoFi/kresko-democratizing-wealth-with-synthetic-assets-48210f343c62
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@9eves
gm
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@9eves
It’s like paying $8 to speak in the town square. If you don’t, your voice won’t be heard by anyone.
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@9eves
Agree. I suspect he is going to do that. Hope he had come up with a better way to do this.
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@9eves
So true! I try to, but not always possible(or majority of times). Want to try to get to this state of work style, I think I will be most productive and value for my time..
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@9eves
2. Helps to read more posts..
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@9eves
Are there any ex Mirror users or any synthetic users(think stocks, commodities etc.) here? Please reply or dc me.
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9Eves
@9eves
Authenticating my Farcaster account on @perl. [0x72fd07867ed1addbd947441ba136be2993947e4904c2c656b33acf6cfc98a8503e15b00de01f31e20ad9c0c4e5f9028dd8d4c8ba9bafdcd2f7358eed6c78c2dd1b]
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