$DINO COIN UPDATE WHAT 1410 DAYS LAST PHALA NETWORK  $PHA

👀Introducing Phala Network (PHA)

The team was founded in 2018 but the token was not released until 2021. Phala Network is a coprocessor (tee coprocessor) for blockchains.

Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that all code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns by expanding developer support languages ​​such as JavaScript... Phala's products include Phat Contract, SubBridge, inDEX and PhalaWorld.

✨Phala Dashboard

✨SubBridge

✨The Phala World
#PHAis the native token of Phala Network

PHA Token Information

⭐️ Symbol: PHA

⭐️Total Supply: 1B PHA

⭐️Circulating Supply: 717,141,970PHA

Allocation

⭐️ Mining via TEE: 70%

⭐️ Private Sale: 15%

⭐️ Stakedrop and IPO: 9%

⭐️ Developer Incentives: 5%

⭐️ Tesnet Incentives: 1%

Development Team

One of the founders of Phala Network is Marvin Tong, who is also the CEO of Hash Forest Technologies. Hang Yin, CTO of Hash Forest Technologies, is the co-founder of Phala Network.

Partner:

In the fundraising round at the end of 2020, Phala Network was invested by many big names such as Candaq Group, InfiChain, Blue Mountain Labs... and successfully raised 10 million USD.

Link

🌐 https://phala.network/

🐣 https://twitter.com/PhalaNetwork

Conclusion:

With more than 70% of the $PHA tokens issued, and the remaining tokens can only be created through minted tokens, $PHA is not only a safe asset but also an investment opportunity with great potential for price increase.

ETH increased sharply after good news from the 75% probability of ETH ETF being approved.

Jrf.eth borrowed another 100 $WBTC ($7.1M) from Aave V3.

Raise the total amount of $WBTC borrowed in less than 10 hours to 350 $WBTC ($25M)

Not long after that, they continued to use the $WBTC borrowed above to swap (buy) 6.8k $ETH ($25M) at an average price of $3k6.

So, the last time I bought $35M ETH and mortgaged it at the price of $2k9, I currently borrowed more than 85% of the above mortgage.

Loan value has reached $195M $WBTC from 141k mortgage $ETH ($520M) after continuously using loop:

Borrow WBTC -> swap WBTC to ETH -> swap ETH to wstETH-> deposit wstETH into Aave V3 as collateral to continue borrowing WBTC.

This has resulted in the health rate being at 2.25. Rarely do we see them have a sizable loan with a health rate approaching level 2.

With the above health rate loop, we can understand that they continue to DCA long position $ETH with low leverage compared to the general level but quite high compared to themselves in the past.
#wBTC