Another rule for testing rebase tokens

Today I would like to share some observations and ideas in the area of ​​Rebase tokens, including some caveats, as well as other ways to measure the value of Rebase tokens.

Security Considerations in DeFi and Crypto

I know you're all looking for the next token, but most cryptocurrencies are zero-sum games. Here are some helpful tips I would like to share (let's decide on New Years?).

Check hygiene online. A lot of people will think that the worst will not happen to them and the security of your private key, but the black hat is harder than you might think. We need to make sure that all personal data including passwords is disclosed and that we have a keylogger installed on our computer which sucks data from unknown networks. It is a dangerous idea and may not be easy to implement, but never impossible. Using a hardware wallet without entering your personal number into a networked electronic device is the only way to ensure you don't get hacked. You should also use 2FA on all platforms. Even after following these steps, they still have issues. Always check the URLs your wallet deals with and check carefully what your online wallet can do. This can make the procedure painful already, but will allow you to sleep better at night.

pull the rug tight. There is a lot we can do to reduce the incidence of these conditions. First of all, almost all work from an anonymous maker is "pre-mined" or "pre-cast" and does not have a signature from a VC inspector. This will often tear off the mat and the results can be unreasonable for the risk. I usually wait at least a few days for the fomo hype to cool down and see how the team is performing, and then I drop my toes in the water.

Beware of high APY activities. The new Rebase token with the large number of APYs is really appealing, but done with caution. The higher the APY, the higher the obligation and the greater the depreciation. Without high purchases, these activities are like leaning on a waiting list. Over the past few weeks, we have seen many instances where people lose 80-90% of their equity overnight.

Leverage, loan and liquidation. Leverage has led to the failure of many investors. The mixed leverage and volatility of cryptocurrency can be devastating. Taking advantage of the lowest cost altcoins in the market is suicide business and should be reserved for the more savvy traders.

Don't invest in something you can't afford to lose. We know this is an explicit description, but altcoins with a low market share are the riskiest investment we can make. At the same time, the range will be zero. BTC and ETH are the backbone of my data, when other investments start to rise, I will transfer some of my income to assets.

Another rule for testing rebase tokens

Before we talk about this measurement process, there is the concept of a Rebase token which most people don't understand. OlympusDAO and several forked tokens pulled out in units of stability coins pegged to the US dollar. Each token is backed by a fixed amount of money, but can float above $ 1. It is important to understand how these tokens were created and what kind of high value how the tokens were encountered. Suppose the current exchange rate for the Rebase token is $ 100. We can see the contract selling the tokens at a MIM price of $ 90. When the contract runs, he gives $ 90 MIM to the Treasury in exchange for 1 Rebase token, and gradually add 89 Rebase tokens over time. This means that $ 8,100 in tokens will be generated for a price of $ 90, but these tokens will not be sold for a price of $ 90 each, but to an entrepreneur for a price of $ 0 each. Another thing to keep in mind is that in addition to the contract, some of the tokens provided are often joined by the development team.

The most important thing to keep in mind is that when the price of a Rebase token drops to $ 1, the APY immediately stops at 0% and the link fails. For less than $ 1, it is true that the developers will use the vault to redeem tokens to assemble this floor.

Now that we understand that, let's do some math for some of the Rebase tokens that are currently trading at a discount.

Data in December. 12:00 p.m. 23rd US Eastern Time

Please excuse me for removing this information from only a few Rebase tokens. But I think I have enough information to express my opinion here. In the measures I'm going to talk about, the bank does not include the judgment. When measuring the actual value of a Rebase token, you should use a combination of the value of the bolt and the payback capacity if the token drops to $ 1.

When creating the above form, we download “Next Reward Yield” and “Track” directly from the symbols page of our website. The mixing takes place 3 times a day, 365 days a year, so the total mixing time is 1095 (excluding Fantohm, which is over-compounded every 7 hours). Next, suppose the APY and the track are left unchanged and there is no more interference / binding in the process. Although tokens change their income, the total income for each token should never change.

Now the interesting thing. Each token is listed as "return to end of track (eg $ 1)" which means if you bought tokens at today's value and promised end of track you will sell them all. mixed chips for $ 1. token. The next line to the right shows the percentage from the start point to the end of the track. If the token value drops 50% at the end of the run, assuming the token value stays the same at the end of the run, we create two more rows to show the income for each token. Both of these ideas are scary, but I think they'd be fun to rely on.

This shows: First, it shows that the blue chip stocks $ TIME and $ OHM are overvalued, but remember that the stock doesn't count. $ TIME and $ OHM are very safe, so it's almost impossible to get close to $ 1. There is also the fact that these two blue papers are still facing a certain buy. But what makes me the happiest is the possibility of recovering $ FHM, $ SPA and $ PAPA.

Phantom. I had just seen the Fantohm project last month, but its measurable results and innovative design capabilities amazed me. They were doing something really cool with the $ FHUD token and they were moving fast through the chain. 0.794% per rebase, compounded every 7 hours, at $ 56.95, you can expect to have 143 tokens after 199 days for all tokens purchased. This is 252% of your capital in the worst case, even if the token is lost.

Spartacus. Spartacus cannot rest. I don't think I will decide like them, but this measurement is over the picture. There are many reasons for this. First, their plates spartacadabra is very strong, and I think I should not start this job. There are many ways to improve when there is no abracadabra.mony. This has been taken to take advantage of a better value for $ SPA because it gives the opportunity for business. Compared to other currency, $ SPA has a very good solution, so wales do not have to manipulate the cost and no longer need to get rid of money quickly when removing multiple calls. Rebeth Geralogies are confidence in trust, so it is very dangerous that used to make a mixture of stuff. In addition, they have declared them to reduce the benefits in a few days. I don't think this is the answer. A reasonable reason that is to reduce the sales of the refund. But only the thing that can be done is to make a sale of the mind. I know that apy is the model of the article ago, but when comparing the rebase called (especially the special value), all conditions are the same. Apy sdd gets realistic. If you think Apy / Runway is constantly, you will have 50 spa Curitionies if you plan to get 239% of your investment even if you sell to until the time is released. Combinations with their financial financial is three times now the current business cost, so it is less likely to access $ 1. The fact, this job has been completed several months , and the new developer always keeps cold heart, and it shows even a lot of money.

Dad. Basically my favorite game right now is $ PAPA. Yes they're still young, but they got the perfect AMA yesterday and they just kept doing their jobs and being creative. I know they haven't signed their escape route to the page, but that will come in the next few days. FYI, they're running an ad and their average annual sales have hit all-time highs.

One final note: rebase tokens are risky. Do your own research. There is no financial information in this sentence. Such programs can suffer from bad smart contracts all the time.