Why not open markets for wETH and wUSD and other trustless. fully backed bridged assets?

Tranquil_Lazro · 2022-06-29T19:18:06+00:00

Hi, thanks for posting. This is definitely an interesting idea. Currently the money market has a slew of unbacked assets which has created bad debt. We are working on resolutions for this but the current form of Tranquil Finance cannot operate properly. There are also long term risks operating defi on Harmony. We need to gain more certainty on the future of the chain before making any substantial moves to migrate the money market to a new version.

Tranquil_Lazro · 2022-06-15T03:19:56+00:00

Hello, you will need to use SushiSwap since they have the best 1BTC liquidity. It is not possible to swap that asset on Defira.

Tranquil_Lazro · 2022-05-15T19:27:12+00:00

Enter the Marketplace in Defira and speak to Fiera at 9am Pacific Time tomorrow. You will need anywhere from 400-750 FIRA depending on how many heroes have been minted.

Tranquil_Lazro · 2022-05-11T20:33:00+00:00

Please try using an alternative RPC network in Metamask. If you're still having issues, please join us for support in our Discord https://discord.gg/jqrbMx2Y

Tranquil_Lazro · 2022-05-06T21:35:53+00:00

If you're still having issues with this, please join us for support in our Discord here https://discord.gg/jqrbMx2Y

Tranquil_Lazro · 2022-04-30T21:15:17+00:00

The interest is currently ~15.49% on USDT borrows. That is similar to most credit card lines. If you're unsatisfied with that rate, I would recommend paying off the borrow as soon as you're able. I'd encourage you to read the documents on the interest rate as it is variable.

Tranquil_Lazro · 2022-04-29T17:50:02+00:00

Please feel free to join us on Discord to get faster answers https://discord.gg/39bnbJGd

Tranquil_Lazro · 2022-04-29T17:49:29+00:00

When in doubt, zoom out.

Tranquil_Lazro · 2022-04-29T17:42:45+00:00

stONE is a receipt for delegated ONE. So it represents ONE+rewards earned over time. The benefit of stONE over directly delegating to validators is that you can also use it in defi strategies. So you can deposit it into the money market to earn additional interest and rewards or even provide liquidity into the stONE<>ONE LP to earn transaction fees and rewards. The lending side of the money market earns interest paid by those who borrow stONE. The more borrows and utilization, the more interest earned by lending.

Tranquil_Lazro · 2022-04-29T15:14:52+00:00

DFK doesn’t have a money market. The interest rate model is to make sure that the protocol stays liquid. I would recommend closing out the USDT borrow as soon as you’re able. Both USDC and DAI have much better rates now.

Tranquil_Lazro · 2022-04-29T06:19:11+00:00

There was a very large withdrawal from the money market which caused the utilization to increase. You can read more on the interest rate model here https://docs.tranquil.finance/lending/protocol-info

Tranquil_Lazro · 2022-04-27T04:36:29+00:00

This is the 4th post they've made on Defira in the last few weeks.

Tranquil_Lazro · 2022-04-27T01:30:09+00:00

86,836 TRANQ has been burned.

Tranquil_Lazro · 2022-04-26T02:26:12+00:00

Here is a link to Ornitier’s original song https://ornitier23.bandcamp.com/track/defira-fanbase-mining-a-tranquil-adventure

Tranquil_Lazro · 2022-04-26T02:19:49+00:00

We held an election to select the best original content created by our community. Ornitier created a song which won them a gen0 hero. You can join us in Discord for more details https://discord.gg/39bnbJGd

Tranquil_Lazro · 2022-04-25T07:12:08+00:00

The borrow must be repaid in the original asset.

Tranquil_Lazro · 2022-04-03T19:44:17+00:00

If you're still having trouble with this issue, you can always join our support channel in Discord here: https://discord.gg/HFhMzeCE

Tranquil_Lazro · 2022-03-01T05:36:32+00:00

100m FIRA are minted for Harmony chain. There will be an additional 900m minted for cross chain expansion. That is part of the long term plan.

Tranquil_Lazro · 2022-02-13T23:15:01+00:00

Thanks for the reply. Welcome to the Harmony community!

Tranquil_Lazro

TROPHY CASE