H3RO3S Announcements

2023-01-23 11:47:59 H3RO3S Academy welcomes you to Marvellous Merit Monday

Venus Protocol is an algorithmic money market and synthetic stable coin protocol. Traditionally, the money market is an essential part of the economy that deals with short-term loan needs.

Now, however, Venus is bringing decentralized finance (DeFi) lending and borrowing onto the BNB chain. It also allows collateral suppliers to mint the platform's native synthetic stable coins (VAI) by over-collateralising positions.

Venus Protocol is a fork of Compound and MakerDAO. Both are Ethereum -based, with the first being a money market protocol and the second, a stable coin minting protocol. Venus integrates these functions into one, allowing users to utilise the same collateral within one ecosystem, regardless of which function they use.

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2023-01-22 09:56:05 H3RO3S is pleased to review this week again and to give you an overview of all events and announcements

Weekly Report ( 15th January 2023 to 21st January 2023)

H3RO3S Academy Merit Monday

H3RO3S TV

H3RO3S Academy Fact Friday

H3RO3S is the World’s first ever Real Life Play 2 Earn!

Stay tuned for an exciting week

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2023-01-20 13:22:15 H3RO3S Academy is back with the Fantastic Fact Friday

In simple terms, the Stock to Flow (SF or S2F) model is a way to measure the abundance of a particular resource.

The Stock to Flow ratio is the amount of a resource held in reserves divided by the amount it is produced annually.

The Stock to Flow model is generally applied to natural resources. Let’s take the example of gold.

While the estimates may vary, the World Gold Council estimates that around 190,000 tons of gold have ever been mined. This amount (i.e., the total supply) is what we can refer to as the stock.

Meanwhile, there are about 2,500-3,200 tons of gold mined each year. This amount is what we can refer to as the flow.

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2023-01-18 14:13:36 H3RO3S TV presents the latest News

The CoinDesk parent company, Digital Currency Group, invests in several cryptocurrency initiatives. However, it is currently having financial and operational issues.

Genesis, a DCG-owned Bitcoin lender, fired 30% of its workforce at the beginning of the year. Federal authorities also accuse Genesis of selling unregistered securities through a scheme that offered investors a high-interest rate. 

The federal officials claimed that Gemini Trust and Genesis raised billions of dollars from thousands of investors without registering the program.

On Jan 16th, 2023, The New York Times reported that CoinDesk, the company that broke the news that led to FTX filing for bankruptcy, is also in trouble.
Operations and the financial standing of several of its parent company subsidiaries are under scrutiny.

Source : Crypto.News

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2023-01-16 15:04:36 H3RO3S Academy welcomes you to Marvellous Merit Monday

Auto-deleveraging refers to a method of counterparty liquidation that only takes place if the Insurance Fund stops functioning (during specific situations).

Although unlikely, such an event would require profitable traders to contribute part of their profits to cover the losses of the losing traders. Unfortunately, due to the volatility present in the cryptocurrency markets, it is not possible to fully avoid this possibility.

In other terms, counterparty liquidation is the final step taken when the Insurance Fund cannot cover all bankrupt positions.
Typically, the positions with the highest profit (and leverage) are the ones that contribute more.

Typically, the trading system will take every possible step to avoid auto-deleveraging, but that also changes from one exchange to another.

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2023-01-15 13:26:02 H3RO3S is pleased to review this week again and to give you an overview of all events and announcements

Weekly Report ( 8th January 2023 to 14th January 2023)

H3RO3S Academy Merit Monday

H3RO3S TV

H3RO3S Academy Fact Friday

H3RO3S is the World’s first ever Real Life Play 2 Earn!

Stay tuned for an exciting week

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2023-01-13 10:31:18 H3RO3S Academy welcomes you to Fantastic Fact Friday

Flash loans allow a user to borrow as much as they want with zero capital.

For instance, if you’d like to borrow $70,000 worth of ETH, a lending protocol instantly gives it to you, but that doesn’t mean it’s yours. You need to do something with the borrowed funds in order to pay back the loan and perhaps pocket the excess amount.

For this to work, the process needs to happen fast and the debt must be repaid to the protocol in time, otherwise the transaction will reverse.

A decentralized lender doesn’t require collateral from you since the agreement to pay your debt is enforced by a blockchain.

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2023-01-11 11:00:52 H3RO3S TV presents the latest news for you

The crypto industry is still reeling after the spectacular fallout of the FTX empire, and the community is wary of more adverse developments around other high-profile participants. Huobi, too, is the latest to see a crisis in confidence.

Over the past week alone, it recorded outflows of more than $100 million in token outflows amidst insolvency concerns.

Tron Founder Justin Sun, who is a major shareholder of the crypto exchange, transferred around $100 million worth of total of USDC and USDT from Binance to Huobi to boost confidence.

The USDD depeg also turned out to be an Achilles’ heel for Sun’s crypto empire. For context, USDD, issued by the Tron DAO Reserve, aims to stabilize exchange rates for stablecoins issued on the TRX blockchain.

The depeg was triggered by the FTX
collapse, and since then, it has continued to hover below the $1 mark.

Source : CryptoPotato

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2023-01-09 15:39:01 H3RO3S Academy presents Marvellous Merit Monday

Simply put, the Insurance Fund is what prevents the balance of losing traders to drop below zero, while also ensuring that winning traders get their profits.

Summing up, the Insurance Fund gets bigger when users are liquidated before their positions reach a break-even or negative value.

But in more extreme cases, the system may be unable to close all positions, and the Insurance Fund will be used to cover potential losses.

Although uncommon, this could happen during periods of high volatility or low market liquidity.

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2023-01-08 12:45:40 H3RO3S is pleased to review this week again and to give you an overview of all events and announcements

Weekly Report ( 1st January 2023 to 7th January 2023)

H3RO3S wishes Happy New Year

H3RO3S Academy Merit Monday

H3RO3S TV

H3RO3S Academy Fact Friday

H3RO3S is the World’s first ever Real Life Play 2 Earn!

Stay tuned for an exciting week

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