Orchestra Labs
@orchestra_labs
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Your money, your Symphony.
Symphony Blockchain
Joined October 2023
If you like - A small, limited supply - Halving events - Tokenization of anything and everything - Earning yield on anything and everything - Supply contracting through use All of that exists on Symphony!
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If you want the highest staking return on assets like gold, be sure to follow this account so you know when the mainnet goes live. Be the first in and get the highest return, and our fairdrops!
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Come take a look at what we're building
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We're planning those extra crypto (and fiat) reserves because we want to ensure users are safe. We can plan for a lot and we have. We tested drops so much farther than the worst case because we want to ensure this works and works well. But not everything can be tested for, so we have plans to cover cases we can't foresee, whatever those may be.
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Our wallet is just to ensure users have access to the features and information they need. I'd say the biggest areas of value here are our security, decentralized approach, and being able to peg to anything, but for more detail, I've also written up the below: Our stablecoins are: - Multi-currency. We can peg-to value anything, including Chinese Yuan, Indonesian Rupiah, and even gold or wood. - Yield-bearing. You can stake them directly and earn yield. That's before re-stakers and liquidity pools. - Fee-paying. No need to store multiple coins just to pay gas. Buy USD, send USD, and pay gas in USD. - Decentralized. No US bonds, no government intervention. Our system is built to ensure we're not controllable. We're not an extra arm of the FED like the centralized guys. - Secure. We're backed by 2:1 reserves and can fall further than that without worry due to the cyclical reserve system we have in place. We're tested against 99% value drops to ensure users can get value every time, and have extra plans for later to secure it even more! - Affordable. We have the same 1:1 upfront cost to buy into stablecoins as the centralized guys. Pay 1 INR in value, you get 1 INR. No need for the 2:1 upfront cost.
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@Curious__J @Oumar11X Most don't do anything with them, and only got in to try and capitalize on a trend. We got in to try and connect web 2 and web 3. Our systems are built to be adaptable and scalable, with yield and gas capabilities of the native coin directly available to the stablecoins.
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If you're looking at pivoting towards RWAs, we have a chain that can peg value for literally any asset! Follow us to get updates and be the first in!
Lots of you hate memecoins now want to pivot to RWAs because we have empty L1s valued at billions of dollars. RWA chains are stupid overvalued and will face reality eventually. I’m down for this liquidity rotation though. In the end RWA memechains are more organized and bring in political KOLs vs memecoins that bring in street trash vape cabal.
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@citizen_web3 @adrianbrink We literally CAN peg to anything, and yeah, we used the approach of "how de we quantify value" to get there!
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@adrianbrink @berlincrypto If you want something that can't freeze addresses and blacklist, you want a decentralized option. This is something we've been talking about, as it's something we've built
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@adrianbrink @berlincrypto We're hooking up an indexer for our chain so users can always see the value in the reserve
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@adrianbrink Why don't you take a look at our chain? We support stablecoins for literally every currency on our chain! We can also spin up new ones with a peg to anything people want to trade in as soon as we see the demand for it.
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Why don't you take a look at our chain? We support stablecoins for literally every currency on our chain!
Stablecoins are crypto’s killer use case. But they are all pegged to USD. Are we trapping ourselves? There is a reason why the US government wants to promote stablecoins. They want to ensure the domination of the USD in the world. We already live in a world where USD dominates. And for the sake of stability, we probably don't want that to change too fast. But is that the world we want to recreate with the power of crypto? USD-pegged stablecoins don’t make sense for decentralized finance - because the thing they’re representing is fundamentally centralized. The USD is issued by one entity: the US government. That will never change. The US controls its monetary supply, decides which assets are honored, and can freeze funds at will. USDC isn’t an alternative to the dollar - it’s effectively a privatized CBDC. Circle, the company behind USDC, can freeze individual accounts, block transactions, and deny redemptions whenever the US government tells them to. This isn’t speculation btw. It’s a core feature of the system. Let’s drop the act. Circle is an extension of US financial policy, not a decentralized stablecoin. The US could have issued its own digital dollar on a blockchain, but it didn’t need to - because it has Circle. And if the government ever wanted full control, they’d just seize Circle. If the government wanted to freeze every USDC token tomorrow, they could do it with a single command. USDC is not censorship-resistant, it’s not neutral, and it’s definitely not decentralized. At this point, Circle isn’t even a company - it’s a nationalized financial service with shareholders. The US Treasury could run it directly and cut out the middleman. But for now, Circle gets to print money and skim the profits. Now, how are we going to solve this?
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@shan3v We've sent a message over, thanks! It may be in message requests, so if you don't see it, it will likely be there 🙂
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@IBCReplyGuy @d_blackstone1 @osmosiszone @injective @neutron @jelena_noble That's great! Which ones have gold stablecoins, and which support Chinese Yuan? In addition to the stock-standard USD of course 🙂
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We currently have BucketRealtor and RentOp looking through our API Guide. We seem to catch on faster with real-world companies like those in Real Estate than with those in Crypto 🤔
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We've been pushing that. Cosmos needs real-world use cases. That's what we do. Moreso than the others, that's what we do. Yield and on-chain fees through any RWA, and we can peg to value any RWA. They're all fully interchangeable too, so you can exchange any one for any other.
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