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Little Boy 2024
@littleboy2024
What Is Leverage? Leverage is a loan offered by a broker on an exchange during margin trading to increase the availability of funds in trades. The term leverage relates to the extent by which a trader’s position and hence profitability has risen through the loan. It is also known as the amount of debt borrowed by a firm to fund assets. Leverage is used by investors to increase their purchasing power in the market. For instance, take a $100 Bitcoin position. Assuming a trader’s position was increased by a leverage of 50x β€” commonly expressed as a ratio of 1:50 β€” this would mean the $100 BTC position is now $5,000. The amount the trader initially has is called margin. This amount is used as a collateral if the cryptocurrency or asset in question falls.
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Little Boy 2024
@littleboy2024
What Are Bakers? Baking is the process that Tezos uses in order to append new blocks of transactions to its blockchain. This is a delegated-proof-of-stake system, where bakers receive rewards for each block that is baked, in a similar sense as to how Bitcoin miners end up getting rewarded for discovering new blocks. A baker is more likely to bake a block if they have a larger number of rolls. The accounts have to be registered as a delegate in order to partake in the baking process, and can actually bake on behalf of others who do not meet the 10,000 XTZ requirements. Baking can be defined as the act of validating Tezos network transactions: this act of validation is called mining for proof-of-work blockchains such as Bitcoin while being called validating for proof-of-stake blockchain such as EOS.
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Little Boy 2024
@littleboy2024
What Is Odysee? It is a website that enables the uploading and sharing of videos, allowing its users to publish their work without the need for paying hosting fees. It is also decentralized and censorship-resistant, meaning that there are no servers to shut down or block. Through the Odysee app, you can create your own channel, upload your videos to be shared with the world, and subscribe to other channels you enjoy. As a viewer, you can explore content from around the world through channels and hashtags. Odysee offers a safe home for your videos. But what does that mean in practice? Here are the three pillars of the Odysee platform: Decentralization means that your videos are hosted all over the world. There is no single point of failure, and no one can take your videos offline. In this way, Odysee is similar to blockchain-based services like LBRY and Bitcoin (where transactions are stored in blocks across a network of computers).
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Little Boy 2024
@littleboy2024
Check your degen stats. Frame v2 by @compez.eth From Effort to Achievement – $GENY Helps You Share Your Path! 🌟
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Little Boy 2024
@littleboy2024
Check your $DEGEN Stats. Frame by @nikolaii.eth πŸš€
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Little Boy 2024
@littleboy2024
What Is Ethereum Difficulty? Ethereum difficulty plays a crucial role in maintaining the stability and security of the network, especially in the context of Ethereum's transition to a Proof-of-Stake (PoS) consensus mechanism. In the Proof-of-Work (PoW) model, miners compete to solve complex mathematical puzzles, expending computational resources to validate transactions and secure the network. However, with the Merge, the network has shifted to PoS, which relies on validators who lock up their ether (ETH) holdings as collateral.
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Little Boy 2024
@littleboy2024
🌟 Check out my Farcaster Activity Summary! I'm a Rising Star πŸ† Frame by @0xdexter
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πŸ”΅πŸ’™ we are based πŸ’™πŸ”΅ By @showan
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Liquidity pools are pools of tokens locked in smart contracts that provide liquidity in decentralized exchanges in an attempt to attenuate the problems caused by the illiquidity typical of such systems. Liquidity pools are also the name given to the intersection of orders which create price levels that β€” once reached β€” see the asset decide whether to continue to move in uptrend or downtrend. The decentralized exchanges that leverage liquidity pools are the same that make use of automated market maker-based systems. On such trading platforms, the traditional order book is replaced by pre-funded on-chain liquidity pools for both the assets of the trading pair. The advantage of using liquidity pools is that it does not require a buyer and a seller to decide to exchange two assets for a given price, and instead leverages a pre-funded liquidity pool. This allows for trades to happen with limited slippage even for the most illiquid trading pairs, as long as there is a big enough liquidity pool.
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Little Boy 2024
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What Is Rage-quit? Rage-quit is the process where a member of a DAO exits part or all of their stake, leaves with a proportional share of the assets in the DAO’s treasury, and quits their participation. Rage-quit was first developed as a key part of the V1 Moloch DAO framework and has remained a core feature of all subsequent versions of the Moloch DAO framework. It has also since been introduced as an option within other DAO frameworks, such as Gnosis Guild’s Zodiac and 1Hive’s Dandelion Org, often under the label of β€œexit.” In the Moloch DAO implementation, rage-quit can be invoked by any member at any time, unless the member has already voted β€œYes” on an active proposal. Importantly, a member who has not voted β€œYes” (i.e., they have voted β€œNo” or have not voted at all) can rage-quit in the grace period between when that proposal has passed and when it is executed.
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What Is Rebase? A rebase (or price-elastic) token is designed in a way that the circulating token supply adjusts (increases or decreases) automatically according to a token’s price fluctuations. This expansion and contraction is what we call a rebase mechanism. Rebase tokens are somewhat akin to stablecoins, in the sense that they both have price targets. However, unlike stablecoins, rebase tokens’ have an elastic supply, meaning the circulating supply adjusts accordingly to supply and demand, without changing the value of the tokens in users’ wallets.
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What Is Open Interest in Futures? Open interest refers to the total number of outstanding derivative contracts, specifically futures and options, that are held by market participants at the end of each trading session. Unlike stocks, where the number of issued shares stays constant, the supply of futures contracts fluctuates daily based on market activity. As traders open new long or short positions in a futures contract, open interest increases. When traders offset existing positions by taking the opposite side, open interest declines. So in essence, open interest represents the flow of money into and out of the futures market - rising open interest signals new money entering, and falling interest indicates liquidation.
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What is Escrow? Escrow accounts come into play when there is uncertainty over whether one party or another will be able to meet the terms of a transaction. These types of accounts have been used for many years in property transactions. Funds are held by a third party until the legal paperwork on a house has been completed, which then releases cash to the seller and the house to the buyer. Escrow accounts are also used in banking, intellectual property, mergers and acquisitions, and, increasingly over the last decade, cryptocurrency transactions. According to CipherTrace, $4.5 billion of cryptocurrency was lost through hacks and other scams β€” up from $1.7 billion in 2018. Escrow can be useful when individuals want to trade assets from their digital wallets for cash, but are unsure whether the other party will back out once funds are sent.
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Little Boy 2024
@littleboy2024
Check your $DEGEN Stats. Frame by @nikolaii.eth πŸš€
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What Is the FATF Travel Rule? The Financial Action Task Force (FATF) travel rule refers to a regulatory guidance update to its Recommendation 16 that was implemented in 2019 as part of the FATF Standards to combat cases of crypto money laundering and terrorism funding (AML/CFT). The FATF Travel Rule, derived from the United States’ Banking Secrecy Act (BSA), mandates that countries ensure that their domestically operating virtual asset service providers (VASPs), such as crypto exchanges and custodial platforms, implement the necessary tools to facilitate personal information sharing with transaction counterparty VASPs at the time of a transmittal for transactions exceeding 1,000 USD. This is to allow government agencies the ability to collect data from any user who conducts financial transactions valued above 1,000 USD. Some of the collected information includes a user’s name, account number, and the details of the accounts they send their money to.
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$DEGEN stats V2 frame by @cashlessman.eth
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What Does NGMI Mean? NGMI stands for "Not Gonna Make It," and is a slang that's become increasingly popular in the cryptocurrency community. At its core, NGMI is a dismissive and pessimistic expression used to convey doubt, skepticism, or a lack of confidence in something – whether it's a particular investment, a crypto project, or even someone's trading strategy. The Origins of NGMI While NGMI might seem like a purely crypto-centric term, its origins can actually be traced back to the fitness community on the infamous online forum, 4chan. More specifically, the "/fit/" board, which was dedicated to discussions around fitness. On this board, "NGMI" was used as a way to criticize people who were perceived as not putting in enough effort or dedication towards their fitness goals.
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Little Boy 2024
@littleboy2024
WIN 5K MOXIE!
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Check your $DEGEN stats frame by @mohammad98
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What Is a Vanity Address? A cryptocurrency public address with custom letters and numbers, usually picked by its owner.
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