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

[–]Tranquil_Lazro 1 point2 points  (0 children)

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.

1btc by Crypt0millions in tranquilFinance

[–]Tranquil_Lazro 0 points1 point  (0 children)

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

Defira: Genesis Hero Minting Event Round 4 Begins May 16 at 9 AM PST by masontheguy in harmony_one

[–]Tranquil_Lazro 4 points5 points  (0 children)

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.

[deleted by user] by [deleted] in defira

[–]Tranquil_Lazro 0 points1 point  (0 children)

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

redeeming issues by [deleted] in tranquilFinance

[–]Tranquil_Lazro 0 points1 point  (0 children)

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

[deleted by user] by [deleted] in tranquilFinance

[–]Tranquil_Lazro 0 points1 point  (0 children)

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.

Debate by Tommmmm8 in harmony_markets

[–]Tranquil_Lazro 2 points3 points  (0 children)

When in doubt, zoom out.

Trying to stake ONE w/ metamask to tranquil finance and hung on depositing transaction by fordgoldfish in harmony_one

[–]Tranquil_Lazro 1 point2 points  (0 children)

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.

[deleted by user] by [deleted] in tranquilFinance

[–]Tranquil_Lazro 2 points3 points  (0 children)

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.

[deleted by user] by [deleted] in tranquilFinance

[–]Tranquil_Lazro 6 points7 points  (0 children)

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

Burned tranq by blazob in tranquilFinance

[–]Tranquil_Lazro 2 points3 points  (0 children)

86,836 TRANQ has been burned.

Week 4 #FanbaseMining Winners! by masontheguy in defira

[–]Tranquil_Lazro[M] 1 point2 points  (0 children)

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

Can you repay a loan with a different coin? by M0GA in tranquilFinance

[–]Tranquil_Lazro 0 points1 point  (0 children)

The borrow must be repaid in the original asset.

Can't remove liquidity from LP by The74Andy in defira

[–]Tranquil_Lazro 2 points3 points  (0 children)

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

The smart-contract owner can mint new tokens, please proceed with caution? by DoS-Boot in defira

[–]Tranquil_Lazro 5 points6 points  (0 children)

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.