Similar to Truefi post, NOIA is the next coin i going to accumulate and stake.
What is NOIA/SYNTROPHY?
Syntrophy is a rebrand of Noia network, so they are the same entity. Syntrophy is bascially an open internet project that focus on solving latency issues to provide the best connectivity for the user. This is achieved by creating a new routing algorithm known a Distributed Autonomous Routing Protocol (DARP) in which the protocol will find the best routes among the relayer nodes for the user.
Blockchain is required to recorded the transactions among the nodes and reward the relayer nodes accordingly to Proof-of-authority (POA)and Proof-of-bandwidth (POB), these network validation is performed by validators and once the validation is confirmed, it will be recorded in Amber blockchain.
For more information, refer here and download their collateral.
What's interesting is that, they have submitted 6 patents and been granted 2 within a short time span of 2 years, thats pretty fast in patent work, see here for their patent reports
Been a supporter of Truefi since last year, check out my thoughts and plans forTrueFi in this post .
Been a first-person shooter fan since the days of CS beta back in 1999.. OMG, i am that old already.... phantomgalaxies combined FPS in a space environment with marcoss type of mechas, and a play-to-earn model! So far they have over 100k member in discord and release their first pilot release episode 1 to the folks who registered for the game.
Its been phenomenal in terms of players, see their latest announcements in discord
One of the game stats so far:
Episode 1 Info:
• Over 100,000 players have downloaded and played Episode 1.
• Over 78,000 players have completed the episode and are ready to claim their completion badge NFT!
I am not able to play because of the Mac OS :( but they will release MAC OS version in February, yeah!
Their planet sale details is coming in January which i guess will talk about the economy of how this game will be run. I am looking forward to it.
Bacon protocol is a coin backed by US mortgages, see their description:
The Bacon Protocol introduces a new way for Crypto wallet holders to hold a coin backed by the same types of mortgages that banks, insurance companies and governments use.
What i am interested is switching to bacon protocol during a prolong risk-off period and park my moolah there till risk-on manifest itself again. Seems market is going for a Crypto winter again, we'll see.
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Truefi has done over a billion in loan origination since inception in 2020 Nov, paid $8.6 million in interest to lenders and $991k to TRU governance. For more info, see https://dune.xyz/tt_tyler/truefi-loan-stats .
Very big hairy audacious goal indeed. In 2022, Truefi intend to target such as venture debt, corporate debt, CDOs & CLOs, and many more; meaning, bridging the gap to the traditional finance market! In order to deliver that trillion dollar target, Truefi has upgraded their lending engine to V5 (latest by Jan 2022) and a number of initiatives in 2022.
One of the initiative is opening TrueFi to 3rd party asset managers who will construct entirely new lending pools, servicing brand new types of borrowers. To test this,
Truefi has first to launch an independent lending pool on the protocol. With the proposal of the TrustToken Asset Management lending pool, designed to offer B2B loans under different terms than the existing TrueFi pools, TrustToken will take on the risks and complexities of making 3rd party support work seamlessly to build the best possible platform for future asset managers wanting to launch new financial products through TrueFi. see link
If the 3rd party asset managers initiative is successful, this can open up traditional finance folks in the lending space to join uncollaterized lending space. However, to attract the tradfi players, there are three items to V5 engine upgrade:
Based on the supply exchanges from Santiment (1 mth gap), the cexes has 150 million back in end nov, and this number has increased to 167 million ( manual calculation from etherscan). .
Based on the continuation supply in exchanges and tranches to be released, TRU price should be suppressed till 2Q 2022 whereby the 3rd party asset manager results should be clearer. Time to load up till then!
[Update 13Jan 2022] There will be a townhall on 14th Jan https://twitter.com/trusttoken/status/1481392467169660932?s=21. Hopefully i can attend cause it will be 2am my time...... zzzz , hopefullly more updates from me by then.
[Update 14Jan 2022] manage to get up and attend the townhall, the next level they are going for the protocol is to let traditional coys to originate loans through asset manager. this asset manager is basically a 3rd-party that will use trufi to borrow and manage money from the trufi community pool of funds. They have one coy in place - delt.ai and will start to look for more. they will release this new feature once audit is completed.
Truefi is going to charge 50 bips (as suggested by the CEO) for loans origination which can stacked up a lot in scale if they hit more than 1 billon in this year end, better if 1 trillion which is quite a tall target. We shall see.
The demo on the product is prototype but basically show the process of 3rd party asset manager registration, more details to be released later. TruFi tokenamics will be reworked for these changes and hopefully on the L2 front.
[Update 04 Feb 2022] Truefi has officially announced through Cointelegraph on the DeFi lending market for asset managers, see link. A sample of the announcement.
Delt.ai, a Mexico-based Y-Combinator startup, was announced as TrueFi’s first non-Crypto financial partner. Since December, the startup has used TrueFi to originate millions of dollars worth of loans and expects to lend up to $25 million to Latin American businesses by the end of 2022
[Update 28 April 2022]
News on three fronts, potential of more than 200 million (or more) in TVL
TL:DR, keep stacking more TRU because in the market, goldfinch, maple and tru are in the under/no collaterized lending market, and TRUEFI is one of the largest in terms if loans origination, 1 billion USD last year and no company has defaulted so far. Given the release schedule of the tokennomics till aug 16th, prices will continue to be suppressed IMHO and will be price 0.30 - 1.00 till 3Q. Time to load up!
Saw this video https://www.youtube.com/watch?v=kDJeWom5As0 and was a few months late but timing was a bit better as the Crypto market crashed in MAY and allow this strategy to be explored.
Decided to follow the video but it's not too straight forward;thus, decided to blog this so I can follow it again.
The general steps are:
Switch ETH to Matic network
Use Quickswap to exchange for Matic
Deposit to AAVE
Borrow stable coins
Quickswap for Matic
Deposit to Matic
(Optional) Repeat step 4-7 till you are comfortable with the risks, in general 20-30% LTV.
Did a test round and it's successful. The gas in MATIC network is almost negligible, given the high profile stage of this coin, it's good to accumulate this coin while borrowing (loop) in stable coins to add more MATIC and get more WMATIC to be redeposited in the pool.
Plan is to borrow USDC or which stable coins APR is lower during the uptrend of MATIC, and only buy MATIC during the downtrend using USDC. Maintain the LTV at 20-30% in case of a crash.
Everyone seems so bullish on BTC but MVRN is telling a different story, there is divergence building up and if it continues to trend lower, there should be a correction down to IDK which level it will be.
Pretty sure everyone TV indicator is pointing the same way too for daily and weekly.
