1/ Why @CelsiusNetwork and 3AC going insolvent will send even more shock waves through crypto by @hodlKRYPTONITE
2/ The 3AC fiasco summarized by @MidasTheFool
Current #3AC situation summarized:
3AC has $245M of $ETH deposited on lending platform @AaveAave
From this, they have borrowed $189M in $USDC and $USDT
This puts their Loan-to-Value ratio at ~77%
They must keep this below 85%
3/ @azfnft on how Play-To-Earn gaming can be sustainable
How can P2E gaming become a sustainable business??
I analyzed popular P2E games (Axie, STEPN) and traditional games (Fortnite, Minecraft) to figure out the best business model for the future of gaming.
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Daily Degen 2022 June 16 🦍📓