LIVEAmaraj_Cryto_Ug
@Amaraj_Cryto_Ug
Join the world's one-stop crypto shop for the most dynamic and captivating content on Web3 as you connect with like-minded individuals who share your passion
Following
Followers
Liked
Shared
#Binancefeed @CN
LIVECrypto novice
--
how to detect 1000x coin? 7 important ways
Choosing a 1000x coin, or a coin that could increase in value 1000x, can be a difficult task as it requires careful analysis and research. Here are some steps to do this:
1 . Understanding the Market: Learn about the cryptocurrency market, including cryptocurrency market trends, historical data, and key factors that determine cryptocurrency value. This knowledge helps you make informed decisions.
2 .Research: Dive deep into the cryptocurrency world and research different coins. Look for projects with solid foundations, innovative technology, and strong teams behind them. Read the whitepaper, explore the project website, and assess the potential for real-world implementation and long-term sustainability.
3 . Market cap and trading volume: Consider the coin's market cap and trading volume. Coins with small market capitalization and low circulation are likely to be more volatile and easier to manipulate. Look for coins with a relatively large market cap and healthy trading volumes.
4 . Technology and Innovation: Evaluate the technology and innovation behind the coin. Look for projects that solve real-world problems, introduce novel concepts, or have unique features. Evaluate the scalability, security, and functionality of the underlying technology.
5 . Teams and Partnerships: Find out the team behind the project. Look for experienced developers, consultants and executives with a proven track record of success. Additionally, affiliations with established companies and institutions increase the credibility and acceptance of the coin. Community and Social Media Presence: Analyze the community around the coin. Look for an active community, social media engagement, and a positive vibe. A strong and supportive community contributes to the success of a project.
6 . Roadmap and Development Progress: Evaluate the project roadmap and development progress. Look for coins with a clear vision, achievable milestones, and a proven ability to deliver on promises. Risk Management: Investing in cryptocurrencies carries inherent risks. Consider diversifying your portfolio to spread your risk. Invest only a portion of your investment capital in high-risk, high-yield coins with a target return of 1000x.
7 . Get Expert Opinions: Consider listening to cryptocurrency experts, industry influencers, and analysts. However, always do your own research and base your decisions on your own analysis.
1 . Understanding the Market: Learn about the cryptocurrency market, including cryptocurrency market trends, historical data, and key factors that determine cryptocurrency value. This knowledge helps you make informed decisions.
2 .Research: Dive deep into the cryptocurrency world and research different coins. Look for projects with solid foundations, innovative technology, and strong teams behind them. Read the whitepaper, explore the project website, and assess the potential for real-world implementation and long-term sustainability.
3 . Market cap and trading volume: Consider the coin's market cap and trading volume. Coins with small market capitalization and low circulation are likely to be more volatile and easier to manipulate. Look for coins with a relatively large market cap and healthy trading volumes.
4 . Technology and Innovation: Evaluate the technology and innovation behind the coin. Look for projects that solve real-world problems, introduce novel concepts, or have unique features. Evaluate the scalability, security, and functionality of the underlying technology.
5 . Teams and Partnerships: Find out the team behind the project. Look for experienced developers, consultants and executives with a proven track record of success. Additionally, affiliations with established companies and institutions increase the credibility and acceptance of the coin. Community and Social Media Presence: Analyze the community around the coin. Look for an active community, social media engagement, and a positive vibe. A strong and supportive community contributes to the success of a project.
6 . Roadmap and Development Progress: Evaluate the project roadmap and development progress. Look for coins with a clear vision, achievable milestones, and a proven ability to deliver on promises. Risk Management: Investing in cryptocurrencies carries inherent risks. Consider diversifying your portfolio to spread your risk. Invest only a portion of your investment capital in high-risk, high-yield coins with a target return of 1000x.
7 . Get Expert Opinions: Consider listening to cryptocurrency experts, industry influencers, and analysts. However, always do your own research and base your decisions on your own analysis.
Binance Feed: Level Up Now to Unlock Exclusive Benefits & Earn Up to 5,000 USDT in Monthly Rewards!
https://www.binance.com/en/support/announcement/6030f00f59384ea7aaeffedd720ea6a2
#amaraj_Crypto_Ug
https://www.binance.com/en/support/announcement/6030f00f59384ea7aaeffedd720ea6a2
#amaraj_Crypto_Ug
#amaraj_Crypto_Ug @Algorithmic King
LIVEAlgorithmic King
--
How I Achieved Over 500% Annual Return Using Compounding Strategy
Have you ever dreamed of achieving investment returns that exceed your expectations? The compounding strategy offers a unique and powerful way to generate returns of over 500% within just one year. This article will reveal the secrets of the compounding strategy and show you how to harness its power to transform your financial situation.
What is the Compounding Strategy?
The compounding strategy is an investment approach that leverages the power of time value to achieve exponential growth. Unlike simple interest, the compounding strategy reinvests investment returns, generating more interest with each compounding period. This continuous compounding effect rapidly grows your funds, creating significant wealth.
How Does the Compounding Strategy Work?
Imagine you invest a sum of money and earn a 10% return. In traditional investing, you might separate the returns from the principal to use in the next investment. However, in the compounding strategy, you reinvest the entire return, allowing the next return to be based on a higher principal that includes the interest. This cycle repeats continuously, resulting in returns in each compounding period that exceed your expectations.
How to Apply the Compounding Strategy
Applying the compounding strategy is not complicated. First, select a promising investment field such as stocks, cryptocurrencies, or funds. Then, develop a long-term investment plan that includes a strategy for regularly reinvesting returns. It is important to maintain patience and discipline, avoiding frequent adjustments to your investment portfolio. Let the power of time and compounding work for you, delivering astonishing returns.
Designing the Strategy Process
Designing a strategy is a lengthy and challenging process that requires consideration of several factors:
Individual Profitability: Average expected profit per investment.
Time Efficiency: The higher the efficiency, the better.
Win Rate of Investments: A high win rate ensures the strategy performs as expected.
Risk Control: Proper stop-loss mechanisms can effectively reduce losses during adverse market conditions and avoid getting trapped in unprofitable positions.
First, choose a market. I chose the cryptocurrency market because it operates 24/7, allowing for longer execution times and higher time efficiency. For the exchange, I selected Binance due to its high trading volume, good liquidity, and fast order fulfillment. To further improve time utilization, I opted for futures trading, which allows for both long and short positions, thereby avoiding the need to wait or be trapped during bear markets.
Now, let's introduce the protagonist, the compounding strategy. I started with an initial parameter model, aiming for a 2% profit on each investment. With 100 successful trades, the returns could reach 724%, which aligns closely with my target of 500%. I set these target parameters and let an AI program run various tests. After seven days of intense calculations, I obtained a set of strategy parameters that closely matched my expectations: Trading Pair: XRPUSDT Leverage: 20x Signals: BOLL, CCI, IKH, RSI, SAR Intelligent Crossovers Stop Loss: Graded DCA + Trailing Z
The Final Strategy Returns
After 12 months of operation, the strategy executed a total of 143 long trades with 140 profitable trades and 108 short trades with 104 profitable trades, resulting in an overall win rate of 97.21%. The final profit rate was 536.81%, perfectly aligning with my desired outcome.
Conclusion
The compounding strategy possesses tremendous profit potential. Despite experiencing four forced liquidations due to extreme market volatility, it was still able to quickly recover to a profitable state, thanks to its strong profit-generating capabilities. The compounding strategy is the key to exceeding expected returns. By following a sound investment plan and maintaining disciplined execution, you can achieve remarkable financial growth in a short period. It's time to embark on a journey to change your financial destiny using the compounding strategy! Remember, actions speak louder than words. Let the power of compounding serve your financial goals.
What is the Compounding Strategy?
The compounding strategy is an investment approach that leverages the power of time value to achieve exponential growth. Unlike simple interest, the compounding strategy reinvests investment returns, generating more interest with each compounding period. This continuous compounding effect rapidly grows your funds, creating significant wealth.
How Does the Compounding Strategy Work?
Imagine you invest a sum of money and earn a 10% return. In traditional investing, you might separate the returns from the principal to use in the next investment. However, in the compounding strategy, you reinvest the entire return, allowing the next return to be based on a higher principal that includes the interest. This cycle repeats continuously, resulting in returns in each compounding period that exceed your expectations.
How to Apply the Compounding Strategy
Applying the compounding strategy is not complicated. First, select a promising investment field such as stocks, cryptocurrencies, or funds. Then, develop a long-term investment plan that includes a strategy for regularly reinvesting returns. It is important to maintain patience and discipline, avoiding frequent adjustments to your investment portfolio. Let the power of time and compounding work for you, delivering astonishing returns.
Designing the Strategy Process
Designing a strategy is a lengthy and challenging process that requires consideration of several factors:
Individual Profitability: Average expected profit per investment.
Time Efficiency: The higher the efficiency, the better.
Win Rate of Investments: A high win rate ensures the strategy performs as expected.
Risk Control: Proper stop-loss mechanisms can effectively reduce losses during adverse market conditions and avoid getting trapped in unprofitable positions.
First, choose a market. I chose the cryptocurrency market because it operates 24/7, allowing for longer execution times and higher time efficiency. For the exchange, I selected Binance due to its high trading volume, good liquidity, and fast order fulfillment. To further improve time utilization, I opted for futures trading, which allows for both long and short positions, thereby avoiding the need to wait or be trapped during bear markets.
Now, let's introduce the protagonist, the compounding strategy. I started with an initial parameter model, aiming for a 2% profit on each investment. With 100 successful trades, the returns could reach 724%, which aligns closely with my target of 500%. I set these target parameters and let an AI program run various tests. After seven days of intense calculations, I obtained a set of strategy parameters that closely matched my expectations: Trading Pair: XRPUSDT Leverage: 20x Signals: BOLL, CCI, IKH, RSI, SAR Intelligent Crossovers Stop Loss: Graded DCA + Trailing Z
The Final Strategy Returns
After 12 months of operation, the strategy executed a total of 143 long trades with 140 profitable trades and 108 short trades with 104 profitable trades, resulting in an overall win rate of 97.21%. The final profit rate was 536.81%, perfectly aligning with my desired outcome.
Conclusion
The compounding strategy possesses tremendous profit potential. Despite experiencing four forced liquidations due to extreme market volatility, it was still able to quickly recover to a profitable state, thanks to its strong profit-generating capabilities. The compounding strategy is the key to exceeding expected returns. By following a sound investment plan and maintaining disciplined execution, you can achieve remarkable financial growth in a short period. It's time to embark on a journey to change your financial destiny using the compounding strategy! Remember, actions speak louder than words. Let the power of compounding serve your financial goals.
@Binance News #amaraj_Crypto_Ug
LIVE
Binance News
--
EU Takes Lead in Crypto Regulation: Game Changer for the Digital Economy
The European Union has reached a significant milestone in cryptocurrency regulation as it formally enacted the Markets in Crypto Assets (MiCA) regulation, positioning the bloc as a pioneer in tailored rules for the sector.
The signing ceremony was led by European Parliament President Roberta Metsola and Swedish Rural Affairs Minister Peter Kullgren, alongside the enaction of an anti-money laundering law that mandates crypto providers to verify customer identities during fund transfers.
The Swedish government, which holds the EU presidency, shared the news on Twitter, highlighting the legislative talks and confirming the inclusion of MiCA, the fund transfer rules, and two unrelated regulations on trade with Ukraine.
The MiCA regulation is expected to come into effect in the coming weeks after being published in the EU's official journal, which is likely to occur in June.
Its provisions grant crypto exchanges and wallet providers a license to operate across the 27-member bloc and require stablecoin issuers to hold appropriate reserves.
These provisions will be enacted within 12 to 18 months.
MiCA was initially proposed by the European Commission in 2020 and faced controversy when discussions arose about including environmentally focused provisions that could have potentially banned the proof-of-work technology used by Bitcoin (CRYPTO: BTC).
While the industry generally welcomed the regulations, attention has now shifted to the future stages of EU crypto regulation, which may encompass areas such as staking, non-fungible tokens (NFTs)Â and decentralized finance (DeFi).
Photo via Pixabay.Â
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The signing ceremony was led by European Parliament President Roberta Metsola and Swedish Rural Affairs Minister Peter Kullgren, alongside the enaction of an anti-money laundering law that mandates crypto providers to verify customer identities during fund transfers.
The Swedish government, which holds the EU presidency, shared the news on Twitter, highlighting the legislative talks and confirming the inclusion of MiCA, the fund transfer rules, and two unrelated regulations on trade with Ukraine.
The MiCA regulation is expected to come into effect in the coming weeks after being published in the EU's official journal, which is likely to occur in June.
Its provisions grant crypto exchanges and wallet providers a license to operate across the 27-member bloc and require stablecoin issuers to hold appropriate reserves.
These provisions will be enacted within 12 to 18 months.
MiCA was initially proposed by the European Commission in 2020 and faced controversy when discussions arose about including environmentally focused provisions that could have potentially banned the proof-of-work technology used by Bitcoin (CRYPTO: BTC).
While the industry generally welcomed the regulations, attention has now shifted to the future stages of EU crypto regulation, which may encompass areas such as staking, non-fungible tokens (NFTs)Â and decentralized finance (DeFi).
Photo via Pixabay.Â
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
LIVEAmaraj_Cryto_Ug
--
What is decentralized social media?
For anyone following the ups and downs of the cryptocurrency market, one of the big selling points is its underlying blockchain technology. What makes it so attractive is that it uses a decentralized ledger. Without getting too technical, think of it as many different people (or computers) hanging on to a copy of all transactions. Combine this with stable cryptography and you have a fairly secure, if not necessarily stable, method of trading securities or assets such as cryptocurrencies.
#amaraj_Crypto_Ug #binancefeed
For anyone following the ups and downs of the cryptocurrency market, one of the big selling points is its underlying blockchain technology. What makes it so attractive is that it uses a decentralized ledger. Without getting too technical, think of it as many different people (or computers) hanging on to a copy of all transactions. Combine this with stable cryptography and you have a fairly secure, if not necessarily stable, method of trading securities or assets such as cryptocurrencies.
#amaraj_Crypto_Ug #binancefeed
What is decentralized social media?
For anyone following the ups and downs of the cryptocurrency market, one of the big selling points is its underlying blockchain technology. What makes it so attractive is that it uses a decentralized ledger. Without getting too technical, think of it as many different people (or computers) hanging on to a copy of all transactions. Combine this with stable cryptography and you have a fairly secure, if not necessarily stable, method of trading securities or assets such as cryptocurrencies.
#amaraj_Crypto_Ug #binancefeed
For anyone following the ups and downs of the cryptocurrency market, one of the big selling points is its underlying blockchain technology. What makes it so attractive is that it uses a decentralized ledger. Without getting too technical, think of it as many different people (or computers) hanging on to a copy of all transactions. Combine this with stable cryptography and you have a fairly secure, if not necessarily stable, method of trading securities or assets such as cryptocurrencies.
#amaraj_Crypto_Ug #binancefeed
#BinanceTournament @amaraj_crypto_Ug
LIVEAmaraj_Cryto_Ug
--
Dubai Considers Nee Crypto Law.
#amaraj_Crypto_Ug @Crypto army
LIVECrypto army
--
Bitcoin Ordinals Has a New LeaderâAnd He's Ready to Be Its Creator's 'Shield'
Bitcoin Ordinals inscriptions topped 10 million on Monday, and the new lead told Decrypt how he plans to fill creator Casey Rodarmor's shoes#feedfeverchallenge #binancepizza
Bitcoin Ordinals inscriptions topped 10 million on Monday, and the new lead told Decrypt how he plans to fill creator Casey Rodarmor's shoes#feedfeverchallenge #binancepizza
#amaraj_Crypto_Ug @Karo_crypto
LIVEKaro_crypto
--
china data disappointing , driving Market down!#feedfeverchallenge
#amaraj_Crypto_Ug @CryptoFida
LIVECryptoExpertPakistan
--
Bullish
Ckb/USDT spot
đŠSignal Type:- Spot
Entry:- 0.00032 to 0.00037
Stop Loss: 0.00028
Targets!
đŻTake Profit 1:- 0.0037
đŻTake Profit 2:- 0.0038
đŻTake Profit 3:- 0.0039
đŻTake Profit 4:- 0.00395
Holding 3 to 5 days
#feedfeverchallenge
#BinanceTournament
#feedfeverchallenge
đŠSignal Type:- Spot
Entry:- 0.00032 to 0.00037
Stop Loss: 0.00028
Targets!
đŻTake Profit 1:- 0.0037
đŻTake Profit 2:- 0.0038
đŻTake Profit 3:- 0.0039
đŻTake Profit 4:- 0.00395
Holding 3 to 5 days
#feedfeverchallenge
#BinanceTournament
#feedfeverchallenge
#amaraj_Crypto_Ug @Smart money concept trader #feedfeverchallenge
LIVEEntry With Sushant
--
Bearish
#feedfeverchallenge
đ Why 2008 market crashes do you know ? đ
Housing bubble: The crash was triggered by the bursting of the housing bubble, with oversupply and inflated housing prices.
Financial leverage and overexposure: Many institutions had high levels of leverage and significant exposure to risky assets, amplifying their losses.
Collapse of Lehman Brothers: The bankruptcy of Lehman Brothers in September 2008 intensified the crisis and caused panic in the financial markets.
Regulatory failures: There were regulatory oversights and failures, allowing risky practices and inadequate risk management to go unchecked.
Global recession and government interventions: The crisis resulted in a global recession, job losses, and required significant government interventions to stabilize the financial system.
đ Why 2008 market crashes do you know ? đ
Housing bubble: The crash was triggered by the bursting of the housing bubble, with oversupply and inflated housing prices.
Financial leverage and overexposure: Many institutions had high levels of leverage and significant exposure to risky assets, amplifying their losses.
Collapse of Lehman Brothers: The bankruptcy of Lehman Brothers in September 2008 intensified the crisis and caused panic in the financial markets.
Regulatory failures: There were regulatory oversights and failures, allowing risky practices and inadequate risk management to go unchecked.
Global recession and government interventions: The crisis resulted in a global recession, job losses, and required significant government interventions to stabilize the financial system.
#amaraj_Crypto_Ug @Grow Club Institution AMA
LIVECommunity AMA
--
Bullish
Bitcoin canât break 30,000$ easily Meme coins are going up 50X & alt coins are going now. This is just a journey of a trader & investors. đą I am going to take long on BTC âĄïž Price Range: 25800$ to 25200$ âĄïžâĄïž Leverage at 25800$ is 10X Leverage at 25200$ is 20X âĄïžâĄïžâĄïž Jai Hanuman đ€ đą Why to show only profits đŽ Sometimes, showing loss is also important. âĄïžâĄïžâĄïžâĄïž Bitter Truth is ugly but Truth is always a truth.#BinanceTournament #googleai
#amaraj_Crypto_Ug @Binance Blog
LIVEBinance Blog
--
Join in the #BinancePizza Festivities and Celebrate Bitcoin Pizza Day With Us!
Main TakeawaysBitcoin Pizza Day celebrates Bitcoinâs first-ever real-world transaction. A programmer named Laszlo Hanyecz famously purchased two pizzas for 10,000 BTC from another user on the BitcoinTalk forum on May 22, 2010.Some 14 or so Binance products and services are joining in this yearâs Bitcoin Pizza Day fun with a variety of activities and promotions.To find out more about an activity, click the [Learn More] button under each entry below for specific participation details.There are plenty of promotions, activities, and competitions from your favorite Binance products to take part in this Bitcoin Pizza Day. This yearâs Bitcoin Pizza Day, celebrated on May 22, Binance is making merry in style, with online and in-person events worldwide. We also have a killer list of activities and promotions coming straight from your favorite Binance products and services. So, as we commemorate BTCâs first-ever real-world transaction, you can celebrate in more ways than ever!Collect and WinOur Bitcoin Pizza Day tie-in campaign will give you a chance to win a yearâs supply of pizza in BTC! From May 22 (00:00 UTC) to June 05 (23:59 UTC), collect each of the three kinds of pizza we have available by:Completing a trade worth 50 USDT or more with the BTC/USDT spot trading pairDepositing funds worth at least 50 USDT via [Fiat Deposit] or [Buy with Card]Depositing funds worth at least 50 USDT via Binance P2PReferring at least one friend to create a Binance account and verify their identityRetweeting the Collect & Win page on your socials with the #BinancePizza hashtagAfter collecting all three kinds of pizza, you can redeem your Pizza Shop badge on the activity page. This will qualify you to enter the challenge to win a year's supply of pizza in BTC.Activity Period: 2023-05-22 00:00 (UTC) to 2023-06-05 23:59 (UTC)[Learn More]Word of the DayWe are excited to launch a new Bitcoin Pizza Day promotion for Word of the Day (WOTD)! This is an educational word-guessing game that allows users to increase their crypto vocabulary and stay on top of the latest developments in the industry at the same time.The theme for this week is Bitcoin fundamentals. Read selected articles to learn more about this topic and participate in this weekâs WOTD. All eligible users will receive an equal share of the prize pool worth 52,200 USDT in trading fee rebate vouchers.How to win:All users are eligible to play one WOTD game per day.Get a total of five correct answers during the Activity Period to be eligible for a share of 52,200 USDT in trading fee rebate vouchers.Activity Period: 2023-05-22 00:00 (UTC) to 2023-05-28 23:59 (UTC)[Learn More]Binance CardThis May, to mark Bitcoin Pizza Day, Binance Card is offering eligible users Crypto Boxes, which can be claimed when you complete certain actions during the promotion period. These actions include :Making your first transaction with a Binance Card.Sharing the promotion link with a friend who successfully applies for a Binance Card and makes their first Binance Card transaction (limited to ten successful referrals per user).Make sure to read the promotion page for exact details on the prizes and eligible countries.Activity Period: 2023-05-01 00:00:00 (UTC) to 2023-05-31 23:59:59 (UTC)[Learn More]Referral & AffiliatesBinance Lite Referral is giving away 100 USDT token rewards. All you need to do is refer friends via Lite Referral Mode to join Binance and encourage them to complete verification. Each successful referral will build your rewards closer to the $100 prize! Join now and refer your way to 100 USDT.Each successful referral will bring your rewards closer to the grand prize! Join now and refer your way to 100 USDT.Activity Period: 2023-05-16 04:00 (UTC) to 2023-06-15 23:59 (UTC)[Learn More]FiatEnjoy an instant discount on fiat transaction fees this Bitcoin Pizza Day! Eligible users who confirm their participation will get a discount when completing their first fiat transaction during the activity period.Activity Period: 2023-05-19 00:00 (UTC) to 2023-05-28 23:59 (UTC)[Learn More]Earn: ETH StakingBinanceâs ETH Staking is launching a new Bitcoin Pizza Day activity to reward our community! During the campaign period, new and existing ETH staking users can take part in either of our two promotions to receive up to $50 in BTC as additional rewards! Activity Period: 2023-05-22 12:00 (UTC) to 2023-06-09 23:59 (UTC)[Learn More]Binance PayTo celebrate Bitcoin Pizza Day, Binance Pay is giving out free Crypto Red Packets to eligible users. Participants can also claim additional ones by successfully inviting other users to take part in the promotion.Activity Period: 2023-05-12 02:00 (UTC) to 2023-05-31 23:59 (UTC)[Learn More]Binance FeedBinance Feed is celebrating Bitcoin Pizza Day by inviting you to showcase your creativity and earn a share of a 3,000 USDT reward pool in gift cards. It's time to fire up your creative oven, prepare the ingredients for some engaging posts, and become a part of this awesome #BinancePizza campaign! Join us today and let the world have a taste of what youâve got cooking!Activity Period: 2023-05-19 06:00 (UTC) to 2023-05-28 23:59 (UTC)[Learn More]Binance LiveFor our global users who cannot attend our in-person events, Binance will be holding a virtual live meet-up on May 22nd at 12pm UTC. The event will feature an appearance by CZ and our most prominent Binance Feed creators to discuss the significance of Bitcoin Pizza Day.Youâll also have the chance to earn a share of a 3,000 USDT prize pool by taking part in our interactive quiz.[Learn More]CommunityTo kick off the Bitcoin Pizza Day festivities, we're hosting a scavenger hunt activity where five exceptional community members will unlock hidden BTC wallets, each containing 1,000,000 satoshis (0.01 BTC). In addition, weâll be offering a BTC prize pool worth $3,000 for all participating community members.Join the Binance English Telegram group and the official Binance Discord server to celebrate this milestone in cryptocurrency history with the rest of the community!Activity Period: 2023-05-22 09:00 (UTC) to 2023-05-26 23:59 (UTC)[Learn More]SocialWho doesnât want to win a yearâs supply of pizza? Our social media channels will be giving away an equivalent amount of BTC so that you can have enough pizzas to last a full year! Enter by resharing select posts, creating a Binance-themed pizza, and sharing your photo with the hashtag #BinancePizza. Time to get baking!Activity Period: 2023-05-18 13:00 (UTC) to 2023-05-31 23:59 (UTC)[Learn More]EventsBinance will mark this yearâs Bitcoin Pizza Day with a globe-spanning selection of online and in-person events. Meet us in Italy to participate in our pizza competition, or search for clues to find our pizza vans in Vietnam, Bahrain, and Brazil. Fancy a slice at a Binance pizzeria? Cambodia, Uruguay, Mexico, and Argentina have got you covered. And thatâs not all! So make sure to check out our article below for full details.[Learn More]Trust WalletBinance Pay and Trust Wallet are excited to announce a joint giveaway to celebrate Bitcoin Pizza Day. Users who transfer funds from their Funding Wallet to Trust Wallet for the first time (via the âdeposit from exchangeâ feature) will qualify to share a pool of 20,000 USDT in rewards!Activity Period: 2023-05-22 07:00 (UTC) to 2023-06-04 23:59 (UTC)[Learn More]Fan TokenJoin the Pizza Day celebration with Binance Fan Token! Invite a friend to join Binance Fan Club via the poster invitation found in the app. Your friend will receive up to 4 USD in Fan Token Vouchers, and you will tap into a prize pool worth 5,000 USD in Fan Token vouchers!  Activity Period: 2023-05-22 14:00 (UTC) to 2023-06-01 23:59 (UTC)[Learn More]Itâs an Action-Packed 2023 Bitcoin Pizza DayThereâs plenty to get involved with this Bitcoin Pizza Day. So, no matter if youâre a fan of ETH staking or Fan Tokens, youâll be able to join in the fun. Donât forget that weâll be gathering online and in person to celebrate as well â so join us for a slice if you can!Further ReadingCelebrate Bitcoin Pizza Day 2023 With BinanceWhat Is Bitcoin Pizza?Binance CEO CZ serves pizza on Bitcoin Pizza Day!
#amaraj_Crypto_Ug @Socialcrypto
LIVEHenrySwag crypto
--
Bitcoin price analysis
The failure of the bears to tug the price below the immediate support at $25,811 attracted solid buying by the bulls. They pushed Bitcoin back into the symmetrical triangle pattern on May 28, but higher levels are attracting selling.
The bears are attempting to stop the recovery at the resistance line of the triangle. If the bulls do not allow the price to slide below the 20-day EMA ($27,255), it will enhance the prospects of a break above the resistance line. If that happens, the BTC/USDT pair could rally to $30,000 and then to $31,000.
On the way down, the first support to watch out for is the 20-day EMA. If this level gives way, it will suggest that the bears are selling on rallies. The pair may then plunge to the vital support zone between $25,811 and $25,250.
#BinanceTournament
The bears are attempting to stop the recovery at the resistance line of the triangle. If the bulls do not allow the price to slide below the 20-day EMA ($27,255), it will enhance the prospects of a break above the resistance line. If that happens, the BTC/USDT pair could rally to $30,000 and then to $31,000.
On the way down, the first support to watch out for is the 20-day EMA. If this level gives way, it will suggest that the bears are selling on rallies. The pair may then plunge to the vital support zone between $25,811 and $25,250.
#BinanceTournament
#amaraj_Crypto_Ug @Grow Club Institution AMA
LIVECommunity AMA
--
đThe FED will print $4 trillion over the next two years đ Last time the FED printed trillions in 2020, bitcoin went from $3800 to $69,000 in less than 2 years I doubt that similar history will repeat itself this time around, as market capitalization has grown, as has the popularity and recognition of the crypto segment, however, we may well see an ATH update. #BinanceTournament
#amaraj_Crypto_Ug @MWorld
LIVEMWorld
--
BITCOIN ANALYSIS TODAY (May 30) - Trends for the next 12 hours
1. BITCOIN ANALYSIS BTC/USDT FRAME D1
- Bar D1 yesterday was a falling price bar but the amplitude was not wide, showing negligible downward pressure, not yet affecting the breakout out of the upper boundary of the price frame to complete the double bottom pattern. Bottom - like our analysis yesterday. At this point, a journey to 30,000 is still possible.
- The chart structure at D1 of #BTCUSDT continues to remain sideways because there is no new low or new high.
2. BITCOIN ANALYSIS BTC/USDT FRAME H4
- Yesterday, we analyzed the possibility of #BTCUSDT being overbought at H4, as the price is far above the upper boundary of the Keltner Channel. We have chosen the idea of waiting for a correction - rather than chasing the top. Yesterday's price action results confirmed this scenario to be correct.
- The uptrend in H4 of #BTCUSDT continues to dominate, as shown by the structure of the top and bottom price gradually increasing. Today, the confluence between the upward sloping trendline - combined with the broken upper boundary of the price bracket below is still the dominant buy zone.
- Note that if #BTCUSDT is pushed up and goes beyond the upper boundary of Keltner Channel, we will not buy chasing anymore, to avoid overbought phenomenon, which will cause the price to slow down and possibly reversal is higher than going forward.
- Bar D1 yesterday was a falling price bar but the amplitude was not wide, showing negligible downward pressure, not yet affecting the breakout out of the upper boundary of the price frame to complete the double bottom pattern. Bottom - like our analysis yesterday. At this point, a journey to 30,000 is still possible.
- The chart structure at D1 of #BTCUSDT continues to remain sideways because there is no new low or new high.
2. BITCOIN ANALYSIS BTC/USDT FRAME H4
- Yesterday, we analyzed the possibility of #BTCUSDT being overbought at H4, as the price is far above the upper boundary of the Keltner Channel. We have chosen the idea of waiting for a correction - rather than chasing the top. Yesterday's price action results confirmed this scenario to be correct.
- The uptrend in H4 of #BTCUSDT continues to dominate, as shown by the structure of the top and bottom price gradually increasing. Today, the confluence between the upward sloping trendline - combined with the broken upper boundary of the price bracket below is still the dominant buy zone.
- Note that if #BTCUSDT is pushed up and goes beyond the upper boundary of Keltner Channel, we will not buy chasing anymore, to avoid overbought phenomenon, which will cause the price to slow down and possibly reversal is higher than going forward.
#amaraj_Crypto_Ug @Binance News
LIVEBinance News
--
Bitcoin Edges Below $28K As Investors Eye US Debt Ceiling Progress
Bitcoin (BTC) fell below $28,000 during U.S. trading hours on Tuesday but then steadied as investors monitored progress on a debt ceiling deal, whose passage remained likely but not assured.
The largest cryptocurrency by market capitalization was recently trading at around $27,740, up 0.1% over the previous 24 hours, although slightly down from its higher perch earlier in the day, according to CoinDesk data.
BTC topped $28,000 on Sunday, for the first time in almost three weeks, after U.S. President Joe Biden and House Speaker Kevin McCarthy reached an agreement to suspend the debt ceiling until Jan. 1 2025 and prevent the nation from defaulting on obligations as soon as June. The deal also means that the U.S. Treasury would likely issue around $1 trillion of debt to replenish its Treasury General Account.
âTypically, when governments issue debt that takes their debt to GDP at uncomfortable levels, that should be good news for crypto, but too many crypto companies might deal with difficult financing options over the next year,â Edward Moya, senior market analyst at foreign exchange Oanda, wrote in a Tuesday note.
Meanwhile, traders have also revised their expectations for a more dovish, monetary turn by the U.S. Federal Reserve. The CME FedWatch Tool now shows a 66% probability that the Fed will raise interest rates 25 basis points for a fourth consecutive time at its June meeting. Only 28% expected a rate hike just a week ago.
âSo far, bitcoin has moved in lockstep with liquidity,â Dessislava Ianeva, research analyst at crypto data firm Kaiko, told CoinDesk. Ianeva noted that quantitative tightening (QT), which usually happens when the central bank looks to reduce its balance sheet, "was partially offset by the Treasury spending its cash at the Fed and Bank Term Funding Program, but that push is now exhausted.â
Further rate hikes combined with QT âwould definitely dampen prospects for a significant market-wide rally,â Ianeva said. âThat said, other different narratives have increasingly been driving BTC markets this year such as store-of-value, NFTs, as well as technical factors such as supply/demand⊠(Tether has openly said they'll buy) and liquidity.â
She believes that unlike last year, BTC could show resilience amid further monetary tightening.
Among other digital assets, ether (ETH), the second-largest cryptocurrency by market capitalization, rose roughly 0.6% to change hands at around $1,905. Payments-focused cryptocurrency XRP jumped more than 6% for the day to trade at around 52 cents, while storage protocol Filecoin's FIL token rose by 4% to trade at $4.83.
The CoinDesk Market Index (CMI), which measures overall crypto market performance, was up 0.6% for the day.
After a three-day, holiday weekend equities were mixed. The S&P 500 closed flat on Tuesday, while Dow Jones Industrial Average (DJIA) slid 0.1%. The tech-heavy Nasdaq was up 0.3%.
In bond markets, both 2-year and 10-year Treasury yields dropped 11 basis points to sit around 4.44% and 3.69%, respectively. Crypto prices generally operate inversely to yields.
The House is expected to vote on the debt ceiling deal on Wednesday with some hardline conservatives already indicating that they would not vote for the hard-fought package and a few progressive Democrats yet to commit. âBased on the weekend reaction to the debt ceiling news, an agreement following the vote seems likely to reflect positively on the market in the short term,â Vetle Lunde, a senior analyst at K33 Research, wrote in a weekly note published on Tuesday.
The largest cryptocurrency by market capitalization was recently trading at around $27,740, up 0.1% over the previous 24 hours, although slightly down from its higher perch earlier in the day, according to CoinDesk data.
BTC topped $28,000 on Sunday, for the first time in almost three weeks, after U.S. President Joe Biden and House Speaker Kevin McCarthy reached an agreement to suspend the debt ceiling until Jan. 1 2025 and prevent the nation from defaulting on obligations as soon as June. The deal also means that the U.S. Treasury would likely issue around $1 trillion of debt to replenish its Treasury General Account.
âTypically, when governments issue debt that takes their debt to GDP at uncomfortable levels, that should be good news for crypto, but too many crypto companies might deal with difficult financing options over the next year,â Edward Moya, senior market analyst at foreign exchange Oanda, wrote in a Tuesday note.
Meanwhile, traders have also revised their expectations for a more dovish, monetary turn by the U.S. Federal Reserve. The CME FedWatch Tool now shows a 66% probability that the Fed will raise interest rates 25 basis points for a fourth consecutive time at its June meeting. Only 28% expected a rate hike just a week ago.
âSo far, bitcoin has moved in lockstep with liquidity,â Dessislava Ianeva, research analyst at crypto data firm Kaiko, told CoinDesk. Ianeva noted that quantitative tightening (QT), which usually happens when the central bank looks to reduce its balance sheet, "was partially offset by the Treasury spending its cash at the Fed and Bank Term Funding Program, but that push is now exhausted.â
Further rate hikes combined with QT âwould definitely dampen prospects for a significant market-wide rally,â Ianeva said. âThat said, other different narratives have increasingly been driving BTC markets this year such as store-of-value, NFTs, as well as technical factors such as supply/demand⊠(Tether has openly said they'll buy) and liquidity.â
She believes that unlike last year, BTC could show resilience amid further monetary tightening.
Among other digital assets, ether (ETH), the second-largest cryptocurrency by market capitalization, rose roughly 0.6% to change hands at around $1,905. Payments-focused cryptocurrency XRP jumped more than 6% for the day to trade at around 52 cents, while storage protocol Filecoin's FIL token rose by 4% to trade at $4.83.
The CoinDesk Market Index (CMI), which measures overall crypto market performance, was up 0.6% for the day.
After a three-day, holiday weekend equities were mixed. The S&P 500 closed flat on Tuesday, while Dow Jones Industrial Average (DJIA) slid 0.1%. The tech-heavy Nasdaq was up 0.3%.
In bond markets, both 2-year and 10-year Treasury yields dropped 11 basis points to sit around 4.44% and 3.69%, respectively. Crypto prices generally operate inversely to yields.
The House is expected to vote on the debt ceiling deal on Wednesday with some hardline conservatives already indicating that they would not vote for the hard-fought package and a few progressive Democrats yet to commit. âBased on the weekend reaction to the debt ceiling news, an agreement following the vote seems likely to reflect positively on the market in the short term,â Vetle Lunde, a senior analyst at K33 Research, wrote in a weekly note published on Tuesday.
Binance Teases Collaboration With Cristiano Ronldo #amaraj_Crypto_Ug
LIVEBinance News
--
Binance Teases Collaboration With Cristiano Ronaldo in New Ad Campaign
In an exciting development for the cryptocurrency community, Binance, the worldâs largest crypto exchange, recently hinted at an upcoming collaboration with renowned football star Cristiano Ronaldo. The behind-the-scenes pictures released by Binance suggest the launch of an extensive ad campaign featuring the global icon. With Ronaldoâs immense popularity across the world, this partnership has the potential to significantly boost crypto awareness and adoption.Â
This news comes amidst Coinbase, another leading crypto exchange, planning its own advertising campaign targeted at raising awareness about cryptocurrencies and blockchain technology. Letâs delve into the details of this anticipated collaboration and its potential implications for both Binance and the cryptocurrency industry as a whole.
Binanceâs Collaboration with Cristiano Ronaldo
Binance, known for its innovative initiatives in the crypto space, surprised the community with a series of behind-the-scenes pictures featuring Cristiano Ronaldo. The photos, hinting at an upcoming ad campaign, have sparked excitement and speculation among crypto enthusiasts and football fans alike. Ronaldoâs global fame and massive following make him an ideal choice for Binance to reach a broader audience and promote the benefits of cryptocurrencies.
The collaboration between Binance and Ronaldo signifies the growing intersection between sports and the crypto industry. By leveraging Ronaldoâs star power, Binance aims to create awareness, generate interest, and foster adoption of cryptocurrencies on a global scale. As an influential figure, Ronaldoâs endorsement of cryptocurrencies could have a profound impact on their perception and acceptance by the general public.
Coinbaseâs Advertisement Campaign and Its Strategic Implications
Coinbase, a prominent cryptocurrency exchange based in the United States, has recently unveiled plans for its own advertisement campaign. The campaignâs primary objective is to raise awareness about cryptocurrencies and blockchain technology, particularly among key government officials and lawmakers in Washington, D.C. This move by Coinbase suggests a strategic effort to influence regulatory discussions and shape favorable policies in the cryptocurrency industry.
By launching an ad campaign in the nationâs capital, Coinbase aims to educate policymakers and decision-makers about the transformative potential of cryptocurrencies. The collaboration between Binance and Ronaldo, coinciding with Coinbaseâs advertising efforts, signals a broader trend in the crypto industry. Cryptocurrency exchanges are increasingly recognizing the importance of strategic partnerships and impactful marketing campaigns to drive mainstream adoption and regulatory acceptance.
The Potential Impact of Binanceâs Collaboration
The collaboration between Binance and Cristiano Ronaldo has the potential to create a significant ripple effect in the world of cryptocurrencies. Ronaldoâs unparalleled popularity, with a massive social media following and widespread recognition, positions him as an influential figure to introduce and promote the advantages of cryptocurrencies to a wider audience.
By associating with Ronaldo, Binance can tap into his global fan base, which includes not only football enthusiasts but also individuals who admire his philanthropic efforts and entrepreneurial ventures. The ad campaign featuring Ronaldo is likely to highlight the benefits of cryptocurrencies, such as decentralized finance, borderless transactions, and financial inclusion, while also addressing common misconceptions and concerns.
Furthermore, Ronaldoâs involvement in the crypto industry may encourage other high-profile athletes, celebrities, and influencers to explore and endorse cryptocurrencies. This could lead to an influx of new users, increased investment, and a broader acceptance of digital currencies in various sectors of society.
Conclusion
Binanceâs collaboration with Cristiano Ronaldo in an upcoming ad campaign marks an exciting development for both the cryptocurrency industry and football fans worldwide. The partnership harnesses Ronaldoâs immense popularity to raise awareness about cryptocurrencies and their potential benefits. Simultaneously, Coinbaseâs own advertisement campaign signifies a strategic effort to shape regulatory discussions and increase acceptance of cryptocurrencies among key stakeholders.
This news comes amidst Coinbase, another leading crypto exchange, planning its own advertising campaign targeted at raising awareness about cryptocurrencies and blockchain technology. Letâs delve into the details of this anticipated collaboration and its potential implications for both Binance and the cryptocurrency industry as a whole.
Binanceâs Collaboration with Cristiano Ronaldo
Binance, known for its innovative initiatives in the crypto space, surprised the community with a series of behind-the-scenes pictures featuring Cristiano Ronaldo. The photos, hinting at an upcoming ad campaign, have sparked excitement and speculation among crypto enthusiasts and football fans alike. Ronaldoâs global fame and massive following make him an ideal choice for Binance to reach a broader audience and promote the benefits of cryptocurrencies.
The collaboration between Binance and Ronaldo signifies the growing intersection between sports and the crypto industry. By leveraging Ronaldoâs star power, Binance aims to create awareness, generate interest, and foster adoption of cryptocurrencies on a global scale. As an influential figure, Ronaldoâs endorsement of cryptocurrencies could have a profound impact on their perception and acceptance by the general public.
Coinbaseâs Advertisement Campaign and Its Strategic Implications
Coinbase, a prominent cryptocurrency exchange based in the United States, has recently unveiled plans for its own advertisement campaign. The campaignâs primary objective is to raise awareness about cryptocurrencies and blockchain technology, particularly among key government officials and lawmakers in Washington, D.C. This move by Coinbase suggests a strategic effort to influence regulatory discussions and shape favorable policies in the cryptocurrency industry.
By launching an ad campaign in the nationâs capital, Coinbase aims to educate policymakers and decision-makers about the transformative potential of cryptocurrencies. The collaboration between Binance and Ronaldo, coinciding with Coinbaseâs advertising efforts, signals a broader trend in the crypto industry. Cryptocurrency exchanges are increasingly recognizing the importance of strategic partnerships and impactful marketing campaigns to drive mainstream adoption and regulatory acceptance.
The Potential Impact of Binanceâs Collaboration
The collaboration between Binance and Cristiano Ronaldo has the potential to create a significant ripple effect in the world of cryptocurrencies. Ronaldoâs unparalleled popularity, with a massive social media following and widespread recognition, positions him as an influential figure to introduce and promote the advantages of cryptocurrencies to a wider audience.
By associating with Ronaldo, Binance can tap into his global fan base, which includes not only football enthusiasts but also individuals who admire his philanthropic efforts and entrepreneurial ventures. The ad campaign featuring Ronaldo is likely to highlight the benefits of cryptocurrencies, such as decentralized finance, borderless transactions, and financial inclusion, while also addressing common misconceptions and concerns.
Furthermore, Ronaldoâs involvement in the crypto industry may encourage other high-profile athletes, celebrities, and influencers to explore and endorse cryptocurrencies. This could lead to an influx of new users, increased investment, and a broader acceptance of digital currencies in various sectors of society.
Conclusion
Binanceâs collaboration with Cristiano Ronaldo in an upcoming ad campaign marks an exciting development for both the cryptocurrency industry and football fans worldwide. The partnership harnesses Ronaldoâs immense popularity to raise awareness about cryptocurrencies and their potential benefits. Simultaneously, Coinbaseâs own advertisement campaign signifies a strategic effort to shape regulatory discussions and increase acceptance of cryptocurrencies among key stakeholders.
MakerDAO Proposal Seek to Hike DAI Saving Rate to 3.33% #amaraj_Crypto_Ug
LIVEBinance News
--
MakerDAO Proposal Seeks to Hike DAI Savings Rate to 3.33%
The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DAI) savings rate (DSR) to 3.33%. If it all goes through, the move is tipped to have broader implications for rates across DeFi.
In a May 26 tweet, the Maker team revealed that an âupcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved.â
âThe Dai Savings Rate (DSR) is a fundamental component within the Maker Protocol system, offering users the opportunity to deposit DAI and receive a consistent interest rate. This interest is accrued in real-time, accumulating from the system's revenues,â Maker stated.
The proposal was put forward by DeFi-focused risk management firm Block Analitica, and submitted by a member of MakeDAOâs risk core unit team.
 Â
Brace yourself, DAI holders, for a DSR at 3.33%.
An upcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved.
This change was put forth by @BlockAnalitica and submitted via the latest Stability Scope Parameter Changes.
â Maker (@MakerDAO) Â May 26, 2023 Â
The DSR refers to the interest rate that users accrue from locking their DAI into MakerDAOâs DSR smart contracts.
The DSR is funded from the stability fees that users pay for borrowing DAI against collateralized assets such as Ether (ETH) and Wrapped BTC (WBTC), and this latest proposal is also seeking to adjust a number of stability fees on certain collateral types as well.
As per a MakerDAO blog post from August 2018, the DSR is a key monetary lever that helps âbalance supply and demand of DAIâ by incentivizing or disincentivizing users to lock up DAI in DSR contracts.
âIt is a global parameter that needs to be adjusted often to deal with short-term changes in market conditions of the Dai economy,â MakerDAO states.
 Â
is part of the stability scope- dsr is benchmarked vs tbills and avg revenue earned on psms
think the logic is market will grow more efficient eventually, better to be a first mover
â monetsupply.eth (@MonetSupply) Â May 26, 2023 Â
Adding more context to the proposal, Block Analitica founder Primoz Kordez told the community to âprepare for [a] rate hike in DeFi.â
 âNew proposal at MakerDAO will increase DAI DSR to 3.33% which will set rates higher across the DeFi landscape. Keep in mind DAI in DSR is the benchmark for [the] safest DeFi stablecoin yield.â  Â
âStablecoin suppliers at Aave and Compound earn around 2%-2.5% and a decent amount of capital should flow to DAI DSR to push supply rates to a range of 3.5%+,â he added.
 Â
Now you see how systemically important MakerDAO is.
â Primoz Kordez (@PrimozKordez) Â May 26, 2023 Â
Before this latest DSR proposal, the rate was increased to 1% in December 2022 after the community voted in favor of doing so. In February, MakerDAO claimed the move led to 35 million DAI being deposited into DSR contracts in the space of a month.
 Â
Raising the DSR to 1% led to more than 35 million DAI being deposited in a month.
The DSR is a Maker Protocol module that can be plugged into any other DeFi tool, extending the baseline yield of DeFi to a broader group of users.
How can a DeFi protocol connect to the DSR?Â
â Maker (@MakerDAO) Â February 2, 2023 Â
Â
In a May 26 tweet, the Maker team revealed that an âupcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved.â
âThe Dai Savings Rate (DSR) is a fundamental component within the Maker Protocol system, offering users the opportunity to deposit DAI and receive a consistent interest rate. This interest is accrued in real-time, accumulating from the system's revenues,â Maker stated.
The proposal was put forward by DeFi-focused risk management firm Block Analitica, and submitted by a member of MakeDAOâs risk core unit team.
 Â
Brace yourself, DAI holders, for a DSR at 3.33%.
An upcoming Executive Vote will deploy a new DSR raise, from 1% to 3.33%, if approved.
This change was put forth by @BlockAnalitica and submitted via the latest Stability Scope Parameter Changes.
â Maker (@MakerDAO) Â May 26, 2023 Â
The DSR refers to the interest rate that users accrue from locking their DAI into MakerDAOâs DSR smart contracts.
The DSR is funded from the stability fees that users pay for borrowing DAI against collateralized assets such as Ether (ETH) and Wrapped BTC (WBTC), and this latest proposal is also seeking to adjust a number of stability fees on certain collateral types as well.
As per a MakerDAO blog post from August 2018, the DSR is a key monetary lever that helps âbalance supply and demand of DAIâ by incentivizing or disincentivizing users to lock up DAI in DSR contracts.
âIt is a global parameter that needs to be adjusted often to deal with short-term changes in market conditions of the Dai economy,â MakerDAO states.
 Â
is part of the stability scope- dsr is benchmarked vs tbills and avg revenue earned on psms
think the logic is market will grow more efficient eventually, better to be a first mover
â monetsupply.eth (@MonetSupply) Â May 26, 2023 Â
Adding more context to the proposal, Block Analitica founder Primoz Kordez told the community to âprepare for [a] rate hike in DeFi.â
 âNew proposal at MakerDAO will increase DAI DSR to 3.33% which will set rates higher across the DeFi landscape. Keep in mind DAI in DSR is the benchmark for [the] safest DeFi stablecoin yield.â  Â
âStablecoin suppliers at Aave and Compound earn around 2%-2.5% and a decent amount of capital should flow to DAI DSR to push supply rates to a range of 3.5%+,â he added.
 Â
Now you see how systemically important MakerDAO is.
â Primoz Kordez (@PrimozKordez) Â May 26, 2023 Â
Before this latest DSR proposal, the rate was increased to 1% in December 2022 after the community voted in favor of doing so. In February, MakerDAO claimed the move led to 35 million DAI being deposited into DSR contracts in the space of a month.
 Â
Raising the DSR to 1% led to more than 35 million DAI being deposited in a month.
The DSR is a Maker Protocol module that can be plugged into any other DeFi tool, extending the baseline yield of DeFi to a broader group of users.
How can a DeFi protocol connect to the DSR?Â
â Maker (@MakerDAO) Â February 2, 2023 Â
Â