Tinyman & Pera Wallet are super tools of Algorand blockchain
IntroductionTinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers. Pera Wallet is the easiest and safest way to store, buy and swap on the Algorand blockchain. Discover & connect decentralized applications (dApps) on any device. In this article, we teach how to use Pera Wallet in Tinyman, so stay with us.Enter the world of TinymanBy entering the...
Introducing Sturdy's mechanics and use cases
What is Sturdy?Sturdy is the best DeFi product with 10x leverage for lenders and borrowers. There are two ways to use the product:Lending to the Sturdy protocolReceive a loan from Sturdy ProtocolFor example, Maggie lends $250 to the protocol and Jack borrows $50 from the FRAXBP token using the tokens in the protocol. At the end of the period, both parties can receive interest according to the amount they have invested. In fact, Jack provides the interest of Maggie, and Jack returns the loan a...
How to snipe blue-chip NFTs with NFT tools
Blue Chip NFTWhat Is a Non-Fungible Token (NFT)?Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.What are blue chip NFTs?Blue chip NFTs come from the most well-known and successful collections. They're considered industry leaders and are more likely to grow than other NFT projects. A blue chip NFT collection will have some or all of the following characteristics: It's regularly see...
I like crypto
IPOR, the Inter Protocol Over-block Rate, refers to a set of protocols, smart contracts, and software that enables decentralized derivatives. IPOR is also a community of builders and creators who believe in the disruptive potential of decentralized finance and want to contribute to its evolution into a blockchain-based alternative to traditional financial infrastructure.
The IPOR Protocol consists of three main parts:
The IPOR Index benchmark interest rates for DeFi
IPOR Interest Rate Derivatives (IRDs)
Asset management smart contracts
Vitalik Buterin writes on his blog about his interest in future.
He says that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs) and hybrid applications are the top developments he is excited about in the Ethereum ecosystem.
In a Credit-fueled DeFi Market, Stability is the Growth Driver.
In a market that is always fluctuating, it is better to use a tool that will give us continuous profit and use it with more confidence. Ensuring that investors invest without the stress of losing capital.
Many investors prefer fixed interest to variable interest. Maybe this idea belongs to the past, but it has been published and such thinking is still common among investors.
What better way to use an infrastructure that can have a higher balanced profit than a fixed profit with less risk?
This ideal has been realized in IPOR.
In the continuation of our reviews, we will go deeper into it.
When we go to the page https://app.ipor.io we can see everything on one page. A simplicity with the most useful features to use!
The graphical interface of IPOR is a fresh surprise. There is no more news about the crowded chart and the confusion of the usage method.
Here we review all the sections of the website.
It includes two parts: Swaps and Liquidity Pools.
In fact, this page gives quick access to two other sections.
On this page we can do a SWAP transaction based on USDC or USDT or DAI.
Deposit to pools based on USDC or USDT or DAI.
Statistics based on swaps and pools are displayed on this page.
The Swaps page we refer to is set to USDC by default.
By choosing any of USDC, USDT or DAI currencies, they can be swapped.
After selecting it, we click on the Open USDC/USDT/DAI Swap button.
For example we click on Open USDC Swap button.
The following screen will be displayed, where we explain its different parts.
Mode of Swap:
You can use simple or advanced mode for swap settings.
In simple mode, you can easily swap by setting a few items.
In advanced mode, you need to know specialized concepts and it is for people who want to set the details of swap by themselves.
In the next sections, we will do the training in advanced mode.
Swap collateral:
Collateral is the amount put as a deposit towards the derivative. Your collateral will be used to cover your losses should your derivative lose value.
Current balance:
Show the amount of currency you have in your wallet. Here is the USDC.
Swap direction:
IPOR Index is specified in this section. In fact, the IPOR Index is a risk-free index.
The IPOR Index is a benchmark reference interest rate sourced from other DeFi credit protocols and is published on-chain based on the heartbeat methodology.
Leverage:
Leverage is a ratio between collateral and notional amount: the higher your leverage, the higher your cash efficiency.
It is a number between 10 and 1000.
Notional:
Notional is the value used to calculate the interest payments on both fixed and floating legs. If you use the swap to hedge a loan or deposit, then the notional should equal the amount of asset you're hedging.
Actually, Swap collateral is multiplied by Leverage. For example, if Swap collateral is equal to 10,000 USDC and Leverage is equal to 500, then Notional is equal to: 5,000,000 USDC.
Allowed slippage in bps:
Slippage is your tolerance to a change between the fixed rate quoted on the website and the actual rate executed on the smart contract.
IPOR + Spread:
IPOR AMM sets a small spread on top of the market rate to manage the liquidity providers’ risk. This value may temporarily go up in periods of high volatility or unusually high demand.
Maturity:
Maturity is the time when the swap is due for closing. Any user, including you, will be eligible to close the swap. Whomsoever closes the swap at maturity will receive the liquidation deposit.
Fee & deposit:
We charge fees to fund operations of the protocol, cover the gas fees, subsidize the oracle, and charge fees for the risk assumed by the liquidity providers. On top of that, we deduct the LIQUIDATION deposit. This deposit is fully refundable to whoever will close the swap.
Total:
The total amount to be deposit by the user from the wallet.
Approve:
Access Level The number of currencies you have in your wallet that you need to confirm before IPOR can use it.
Open swap:
The swap button, which is the last step.
When the open swap is successfully done in your wallet, you can see its status on the swaps page. It is possible to close the opened swap by clicking on the close button.
We go to the page https://app.ipor.io/pools/dai because we want to add DAI currency to the pool.
By pressing the deposit DAI button, we go to the corresponding page.
Enter the amount of DAI and do Approve and Deposit.
IPOR gives us ipDAI tokens for DAI tokens that can be added to the wallet.
After that, we can see the value of our ipDAIs on the page related to the same pool.
In the same part, you can add or withdraw them.
We used the information from the IPOR-Protocol dashboard and took a closer look at the data in some of the charts.
https://dune.com/ipor/ipor-protocol
As it is clear from the three charts of IPOR USDT Index, IPOR USDC Index and IPOR DAI Index, we have had strong fluctuations in early November. Why?
To take a closer look at the data, we take a closer look at the chart between November 1st and November 25th.
As an example we look at the IPOR USDT Index.
Extreme and abnormal fluctuations continue from November 9 to November 14, but the most extreme occurred on November 10.
Is it possible that FTX, one of the centralized exchanges of the crypto world, will suffer a crisis and not have an impact on different market segments?
Alameda withdraws its crypto after the collapse of FTX
The extreme fluctuations started on November 9 and had an impact on the IPOR index charts until November 14.
At least $1 billion of client funds missing at failed crypto firm FTX
IPOR's liquidity value is also specified in the table and pie chart below.
USDC with 2.1 billion dollars, USDT with 1.8 billion dollars and DAI with 755.6 million dollars are the liquidity in IPOR.
According to the statistics of the Defillama website, Total Value Locked is about $1,715,466.
In the category related to Derivatives, the IPOR rating on the defillama website is also specified in the image below.
It is a good statistic for a young platform. That too only on the Ethereum network.
This amount of TVL is admirable among competitors considering the history of IPOR's activity on the mainnet.
Zokyo is a venture studio that builds, secures, and funds crypto, DeFi, and NFT companies.
In several stages, IPOR handed over the security control of its project to ZOKYO for a complete review, and after solving the security problems, it managed to get a score of 100.
You can read its full report here.
At the end of the ZOKYO report, IPOR has suggested that a Bug Bounty challenge be held for further control by other security professionals so that this platform can be trusted with high confidence.
The main team members can be seen on the IPOR website with their resumes.
Usually, the team members of a crypto project are unknown, and this causes investors to lose confidence, but the IPOR team is displayed with its real name on the website.
IPOR investors are also specified on the website.
The marketing team is trying to do great both in attracting capital and succeeding in getting users to use IPOR.
IPOR is a young project that offers unique possibilities in the crypto world. When you refer to its documentation, you will realize that the logic and formulas used in this project are unique and the users who use it use it with the least risk in the rising or falling market or the market with extreme fluctuations.
Always making a profit is a strong strategy that IPOR incorporates.
For more information about IPOR, you can visit its website or ask your questions and suggestions in Discord.
You can be an active member of the project and IPOR welcomes your expert suggestions because IPOR is a successful DAO.
Be IPORian and stay with us!
IPOR, the Inter Protocol Over-block Rate, refers to a set of protocols, smart contracts, and software that enables decentralized derivatives. IPOR is also a community of builders and creators who believe in the disruptive potential of decentralized finance and want to contribute to its evolution into a blockchain-based alternative to traditional financial infrastructure.
The IPOR Protocol consists of three main parts:
The IPOR Index benchmark interest rates for DeFi
IPOR Interest Rate Derivatives (IRDs)
Asset management smart contracts
Vitalik Buterin writes on his blog about his interest in future.
He says that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs) and hybrid applications are the top developments he is excited about in the Ethereum ecosystem.
In a Credit-fueled DeFi Market, Stability is the Growth Driver.
In a market that is always fluctuating, it is better to use a tool that will give us continuous profit and use it with more confidence. Ensuring that investors invest without the stress of losing capital.
Many investors prefer fixed interest to variable interest. Maybe this idea belongs to the past, but it has been published and such thinking is still common among investors.
What better way to use an infrastructure that can have a higher balanced profit than a fixed profit with less risk?
This ideal has been realized in IPOR.
In the continuation of our reviews, we will go deeper into it.
When we go to the page https://app.ipor.io we can see everything on one page. A simplicity with the most useful features to use!
The graphical interface of IPOR is a fresh surprise. There is no more news about the crowded chart and the confusion of the usage method.
Here we review all the sections of the website.
It includes two parts: Swaps and Liquidity Pools.
In fact, this page gives quick access to two other sections.
On this page we can do a SWAP transaction based on USDC or USDT or DAI.
Deposit to pools based on USDC or USDT or DAI.
Statistics based on swaps and pools are displayed on this page.
The Swaps page we refer to is set to USDC by default.
By choosing any of USDC, USDT or DAI currencies, they can be swapped.
After selecting it, we click on the Open USDC/USDT/DAI Swap button.
For example we click on Open USDC Swap button.
The following screen will be displayed, where we explain its different parts.
Mode of Swap:
You can use simple or advanced mode for swap settings.
In simple mode, you can easily swap by setting a few items.
In advanced mode, you need to know specialized concepts and it is for people who want to set the details of swap by themselves.
In the next sections, we will do the training in advanced mode.
Swap collateral:
Collateral is the amount put as a deposit towards the derivative. Your collateral will be used to cover your losses should your derivative lose value.
Current balance:
Show the amount of currency you have in your wallet. Here is the USDC.
Swap direction:
IPOR Index is specified in this section. In fact, the IPOR Index is a risk-free index.
The IPOR Index is a benchmark reference interest rate sourced from other DeFi credit protocols and is published on-chain based on the heartbeat methodology.
Leverage:
Leverage is a ratio between collateral and notional amount: the higher your leverage, the higher your cash efficiency.
It is a number between 10 and 1000.
Notional:
Notional is the value used to calculate the interest payments on both fixed and floating legs. If you use the swap to hedge a loan or deposit, then the notional should equal the amount of asset you're hedging.
Actually, Swap collateral is multiplied by Leverage. For example, if Swap collateral is equal to 10,000 USDC and Leverage is equal to 500, then Notional is equal to: 5,000,000 USDC.
Allowed slippage in bps:
Slippage is your tolerance to a change between the fixed rate quoted on the website and the actual rate executed on the smart contract.
IPOR + Spread:
IPOR AMM sets a small spread on top of the market rate to manage the liquidity providers’ risk. This value may temporarily go up in periods of high volatility or unusually high demand.
Maturity:
Maturity is the time when the swap is due for closing. Any user, including you, will be eligible to close the swap. Whomsoever closes the swap at maturity will receive the liquidation deposit.
Fee & deposit:
We charge fees to fund operations of the protocol, cover the gas fees, subsidize the oracle, and charge fees for the risk assumed by the liquidity providers. On top of that, we deduct the LIQUIDATION deposit. This deposit is fully refundable to whoever will close the swap.
Total:
The total amount to be deposit by the user from the wallet.
Approve:
Access Level The number of currencies you have in your wallet that you need to confirm before IPOR can use it.
Open swap:
The swap button, which is the last step.
When the open swap is successfully done in your wallet, you can see its status on the swaps page. It is possible to close the opened swap by clicking on the close button.
We go to the page https://app.ipor.io/pools/dai because we want to add DAI currency to the pool.
By pressing the deposit DAI button, we go to the corresponding page.
Enter the amount of DAI and do Approve and Deposit.
IPOR gives us ipDAI tokens for DAI tokens that can be added to the wallet.
After that, we can see the value of our ipDAIs on the page related to the same pool.
In the same part, you can add or withdraw them.
We used the information from the IPOR-Protocol dashboard and took a closer look at the data in some of the charts.
https://dune.com/ipor/ipor-protocol
As it is clear from the three charts of IPOR USDT Index, IPOR USDC Index and IPOR DAI Index, we have had strong fluctuations in early November. Why?
To take a closer look at the data, we take a closer look at the chart between November 1st and November 25th.
As an example we look at the IPOR USDT Index.
Extreme and abnormal fluctuations continue from November 9 to November 14, but the most extreme occurred on November 10.
Is it possible that FTX, one of the centralized exchanges of the crypto world, will suffer a crisis and not have an impact on different market segments?
Alameda withdraws its crypto after the collapse of FTX
The extreme fluctuations started on November 9 and had an impact on the IPOR index charts until November 14.
At least $1 billion of client funds missing at failed crypto firm FTX
IPOR's liquidity value is also specified in the table and pie chart below.
USDC with 2.1 billion dollars, USDT with 1.8 billion dollars and DAI with 755.6 million dollars are the liquidity in IPOR.
According to the statistics of the Defillama website, Total Value Locked is about $1,715,466.
In the category related to Derivatives, the IPOR rating on the defillama website is also specified in the image below.
It is a good statistic for a young platform. That too only on the Ethereum network.
This amount of TVL is admirable among competitors considering the history of IPOR's activity on the mainnet.
Zokyo is a venture studio that builds, secures, and funds crypto, DeFi, and NFT companies.
In several stages, IPOR handed over the security control of its project to ZOKYO for a complete review, and after solving the security problems, it managed to get a score of 100.
You can read its full report here.
At the end of the ZOKYO report, IPOR has suggested that a Bug Bounty challenge be held for further control by other security professionals so that this platform can be trusted with high confidence.
The main team members can be seen on the IPOR website with their resumes.
Usually, the team members of a crypto project are unknown, and this causes investors to lose confidence, but the IPOR team is displayed with its real name on the website.
IPOR investors are also specified on the website.
The marketing team is trying to do great both in attracting capital and succeeding in getting users to use IPOR.
IPOR is a young project that offers unique possibilities in the crypto world. When you refer to its documentation, you will realize that the logic and formulas used in this project are unique and the users who use it use it with the least risk in the rising or falling market or the market with extreme fluctuations.
Always making a profit is a strong strategy that IPOR incorporates.
For more information about IPOR, you can visit its website or ask your questions and suggestions in Discord.
You can be an active member of the project and IPOR welcomes your expert suggestions because IPOR is a successful DAO.
Be IPORian and stay with us!
Tinyman & Pera Wallet are super tools of Algorand blockchain
IntroductionTinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers. Pera Wallet is the easiest and safest way to store, buy and swap on the Algorand blockchain. Discover & connect decentralized applications (dApps) on any device. In this article, we teach how to use Pera Wallet in Tinyman, so stay with us.Enter the world of TinymanBy entering the...
Introducing Sturdy's mechanics and use cases
What is Sturdy?Sturdy is the best DeFi product with 10x leverage for lenders and borrowers. There are two ways to use the product:Lending to the Sturdy protocolReceive a loan from Sturdy ProtocolFor example, Maggie lends $250 to the protocol and Jack borrows $50 from the FRAXBP token using the tokens in the protocol. At the end of the period, both parties can receive interest according to the amount they have invested. In fact, Jack provides the interest of Maggie, and Jack returns the loan a...
How to snipe blue-chip NFTs with NFT tools
Blue Chip NFTWhat Is a Non-Fungible Token (NFT)?Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.What are blue chip NFTs?Blue chip NFTs come from the most well-known and successful collections. They're considered industry leaders and are more likely to grow than other NFT projects. A blue chip NFT collection will have some or all of the following characteristics: It's regularly see...
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