Promethios 🔥
@promethios_fire
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Stable Unit of Account. 1 FIRE = $0.01 Multichain token address: 0xB25EA095997F5bBaa6cEa962c4fBf3bfc3C09776 Not a Stable Coin. Make Rebase Great Again.
Ethereum/Arbitrum/Optimism
Joined June 2022
🔥Where to Buy FIRE 🔥 To invest buy wFIRE on Aribitrum with uniswap🦄 To buy to use fire in our partner apps. Buy from our Trader Joe pool.
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RT @Timeless_Fi: Finally, our $wFIRE/$FRAX pool with @promethios_fire aims to fan the flames of liquidity and foster greater collaboration…
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RT @xGhoul0x: How Token Pressure Makes Your Game Not Fun. - It doesn't matter how fun your game is when players are losing money. This kil…
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The only natural conclusion is to rebase Eth to a Penny.
2 things we could do to dramatically increase adoption of ETH: 1️⃣ change the name to be easier for boomers to spell, i suggest “vbucks” 2️⃣ stock split ETH by 1000x to give the kids what they want (their unit bias validated)
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Retrospective Part 3: tl;dr - Moving liquidity from Ethereum to Arbitrum - Moving liquidity on Arbitrum from FIRE to wFIRE. - Allows UniswapV3 for concentrated liquidity🎉 - Will use and Partner with FRAX. 🎉🎉 Big money moves
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Retrospective Part 2 - Mainnet is Expensive tl;dr Rebasing on Ethereum is too expensive to justify for now. We will pause rebasing on Ethereum and continue as normal on Arbitrum and Optimism. What does this mean specifically? - The price of Fire on Ethereum will free float and not rebase towards 1 Cent - We will pull liquidity from the pool and move it to Arbitrum - We won’t use the price of FIRE on Ethereum in our oracle calculations when rebasing on Arbitrum and Optimism What does this mean for FIRE holders on Ethereum? - Your relative holdings in FIRE will remain the same. The percentage of FIRE held won’t change. - As soon as rebasing is re-enabled on Mainnet we will reach price parity again. - Arbitrage between Mainnet and the L2s is likely to lag. (This won’t matter if you hold in the long run.) - There won’t be an opportunity to earn veWFIRE on mainnet at this time.
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New blog who dis? The first article is part one of a launch retrospective. Exciting things in the works. Let us know any questions or comments!
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The bond market does not support rebasing as originally thought. We paused these until we find a new solution.
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Bonds go live Monday. 🚒 (Notifications on)
My brother in flames. We hear you loud and clear. You want more fire; we don't have liquidity to buy size. We can solve this together. But first, a sneak peek at our roadmap and the🚒 Economic Fire Engine. Bond markets will launch on Arbitrum in a few days. A thread 👇
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🚒🤝🔥
My brother in flames. We hear you loud and clear. You want more fire; we don't have liquidity to buy size. We can solve this together. But first, a sneak peek at our roadmap and the🚒 Economic Fire Engine. Bond markets will launch on Arbitrum in a few days. A thread 👇
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RT @promethios_fire: My brother in flames. We hear you loud and clear. You want more fire; we don't have liquidity to buy size. We can sol…
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So when bonds? Few days. Read more on our website: Docs: Telegram Chat: Come and ask questions and give Feedback directly! I'd love to hear from you.
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