How are you riding this pump, anon?
#BTC #Bitcoin #OnlySats
Get10101
get10101@10101.finance
npub1c40r...ttqy
All-in-one #Bitcoin & #Lightning app
Self-custodial trading and stables at your fingertips! β‘οΈ
π PUBLIC BETA AVAILABLE - iOS & ANDROID π
We released our V1.3.0 πΆπ’π¦ & ππ»π±πΏπΌπΆπ±! ππ€
Introducing the first implementation of #selfcustodial π£ππ₯π£ππ§π¨ππ ππ¨π§π¨π₯ππ¦ trading, secured with #Bitcoin using DLCs on #Lightningβ‘οΈ
And many other goodies ππ§΅!
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β π£ππ₯π£ππ§π¨ππ ππ¨π§π¨π₯ππ¦
You can now roll over your leveraged position by launching the app at weekends (from Friday 3pm to Sunday 3pm) π
This will automatically renew your discreet log contracts π
Don't worry, 10101 will send you a notification to remind you π
π If you donβt come online before in the rollover weekend the position will expire
π You can always launch your application and close your position at any time, even at weekends during the rollover period.
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π π’ππ΅π²πΏ π°πΌπΌπΉ ππππ³π³
π€ Find match on an expired position
β³Show loading screen when app starts with an expired position
π± Allow exporting the seed phrase even if the Node is offline
β Add close button to dialog if it remains on pending for more than 30 seconds
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π§ ππΆπ
π²π
π€ Android 12 is now supported
π©ΉPrevent application crashes in the absence of an Internet connection
π₯When pulling down wallet sync it waits until the sync is finished
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Thank you all for testing our BETA and sending us feedback!
Your inputs are the most valuable driving force behind our efforts, so please do not hesitate to send them to us privately or publicly on #nostr!
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You can also help us by spreading the word, liking or reposting this note! ππ
You can also share it with #Bitcoin and #Lightning enthusiasts, or even to leveraged trading users, enlightening them on the powerful nature of #selfcustody!
#plebchain #lightningnetwork #onlysats
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β π£ππ₯π£ππ§π¨ππ ππ¨π§π¨π₯ππ¦
You can now roll over your leveraged position by launching the app at weekends (from Friday 3pm to Sunday 3pm) π
This will automatically renew your discreet log contracts π
Don't worry, 10101 will send you a notification to remind you π
π If you donβt come online before in the rollover weekend the position will expire
π You can always launch your application and close your position at any time, even at weekends during the rollover period.
---
π π’ππ΅π²πΏ π°πΌπΌπΉ ππππ³π³
π€ Find match on an expired position
β³Show loading screen when app starts with an expired position
π± Allow exporting the seed phrase even if the Node is offline
β Add close button to dialog if it remains on pending for more than 30 seconds
---
π§ ππΆπ
π²π
π€ Android 12 is now supported
π©ΉPrevent application crashes in the absence of an Internet connection
π₯When pulling down wallet sync it waits until the sync is finished
---
Thank you all for testing our BETA and sending us feedback!
Your inputs are the most valuable driving force behind our efforts, so please do not hesitate to send them to us privately or publicly on #nostr!
---
You can also help us by spreading the word, liking or reposting this note! ππ
You can also share it with #Bitcoin and #Lightning enthusiasts, or even to leveraged trading users, enlightening them on the powerful nature of #selfcustody!
#plebchain #lightningnetwork #onlysats
POV : They wanna have the custody of your corn π½
#Bitcoin #Plebchain #memechain
π£π’π©: You're about to lose all your funds and can't blame it on a malicious exchange (ala FTX π)
ππ¬ππ¬π is a self-custodial #Bitcoin trading platform, manage your own risks, because we're not going anywhere with your funds π
#LightningNetwork #selfcustodial
How do Synthetic Stable Coins using DLCs work?
Checkout the info graphic below for details.
#Bitcoin #Stablesats
At 10101 we are preparing for the next big thing. #selfcustodial synthetic #stablecoins powered by #DLC.
It uses derivatives to stabilize #Bitcoin towards another asset of choice, for example the US dollar.
But how does that work?
To achieve a stable position in terms of USD, we utilize a #Bitcoin derivative called a perpetual inverse future.
In this mechanism, users who wish to hold a synthetic #stablecoin take a short position in a perpetual inverse future with a leverage of 1.
A counter party willing to go long takes the other side of the trade with a leverage of 1.
The chart below illustrates how this function looks like.
In the given example it shows how much BTC each party may receive depending on the USD price of BTC.
Let's have a look at an example assuming a bitcoin price of $30.000.
1. Alice wants to hold $30,000 in our synthetic stable coin.
2. She has to put up 1 BTC (β $30,000).
3. Bob takes the other side of the trade, and also has to put up 1 BTC (β $30,000).
Assuming the price appreciates to $60,000:
1. Alice still holds $30,000 (β 0.5 BTC) => $30,000/$60,000 = 0.5 BTC.
2. Bob holds 1.5 BTC (β $90,000).
Assuming the price depreciates to $15,000:
1. Alice still holds $30,000 (β 2 BTC) => $30,000/$15,000 = 2 BTC.
2. Bob holds 0 BTC (β $0).
Assuming the price appreciates to $1,000,000:
1. Alice still holds $30,000 (β 0.03 BTC) => $30,000/$1,000,000 = 0.03 BTC.
2. Bob holds 1.97 BTC (β $970,000).
If the price drops below $15,000 in this example, the short position's value will fall below the initial $30,000.
Differently said, the long position gets liquidated at $15,000. That means that the position won't be stable anymore as the counter party dropped.
If you got until here, sign up to our waiting list if you want to be one of the first ones to try #selfcustodial stablecoins on #Bitcoin.
Let's have a look at an example assuming a bitcoin price of $30.000.
1. Alice wants to hold $30,000 in our synthetic stable coin.
2. She has to put up 1 BTC (β $30,000).
3. Bob takes the other side of the trade, and also has to put up 1 BTC (β $30,000).
Assuming the price appreciates to $60,000:
1. Alice still holds $30,000 (β 0.5 BTC) => $30,000/$60,000 = 0.5 BTC.
2. Bob holds 1.5 BTC (β $90,000).
Assuming the price depreciates to $15,000:
1. Alice still holds $30,000 (β 2 BTC) => $30,000/$15,000 = 2 BTC.
2. Bob holds 0 BTC (β $0).
Assuming the price appreciates to $1,000,000:
1. Alice still holds $30,000 (β 0.03 BTC) => $30,000/$1,000,000 = 0.03 BTC.
2. Bob holds 1.97 BTC (β $970,000).
If the price drops below $15,000 in this example, the short position's value will fall below the initial $30,000.
Differently said, the long position gets liquidated at $15,000. That means that the position won't be stable anymore as the counter party dropped.
If you got until here, sign up to our waiting list if you want to be one of the first ones to try #selfcustodial stablecoins on #Bitcoin.
10101 - Decentralized finance built on Bitcoin
Still trading on a centralized exchange? Stop!
Go #selfcustodial with @get10101 and save your spot on our waiting list .
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