September 17, 2024 • 6 mins
Big news from Anzens from Token 2049. The team leaked that USDA will have 7-10M USD worth of seed liquidity on launch! Moneta also announced their new CTO, Andrew Westberg, and retail usage is approaching.
Timestamps
00:00 Intro
01:01 USDA Alpha Announcement
03:13 Moneta USDM Announcements
04:37 USDM on Liqwid
05:54 Retail Coming
Timestamps
00:00 Intro
01:01 USDA Alpha Announcement
03:13 Moneta USDM Announcements
04:37 USDM on Liqwid
05:54 Retail Coming
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I've got some seriously good news about stable coins on
the Kadana ecosystem at the moment, We've got and and
leaking some alpha at the token twenty forty nine event
right at this moment, like literally an hour ago, they
just announced this and that I've just received an email
update from the Manetta team as well with USDM. I'm
(00:22):
Peter buy. If this is your first time here at
hit that like subscribe notification bell, I'll keep your up
to date with everything in the Candona ecosystem. Let's get
into these news updates. This first one here seriously and
Zen's they have revived the USDA stable coin earlier this
year that partnered up with encryptus and Amergo as the
(00:42):
tech partner, and they are delivering this stable coin. If
you haven't checked out this interview that I did earlier
this year with Beneath from Omergo and Shantanu from Encryptis,
please check that one out. They go through everything about
the platform and how it's going to work within the
Cadana space. Really really insightful and interesting. But this here,
(01:03):
Patrick Tobler from Ndmaker released this particular tweet from this
presentation that I think that's beneath there. But have a
look at this. Did we just get some alph on
stage that the initial steed liquidity of USDA will be
around seven to ten million USD? Yep, we just did.
We just heard that. So so the ants and team
(01:24):
are planning to seriously put in seven to ten million
USD on launch of USDA. Now we don't know exactly
when the launch date is. Maybe they talked about it
on stage as well, or gave a more predictable date
of when this is going to happen. More stable point
liquidity is needed on the Cadano space and we're seeing
(01:45):
a lot more of it come into play at the moment.
So I'm really excited about this. Does this mean we
need USDC? Do we still need USDC? When we have
and Zen's delivering a lot of liquidity in the initial
stages here as well as on and off ramps for
the Kadano users. If you have a look at ans
(02:05):
In's here you can find out a bit more about
what they're delivering. Do go through that interview. The guys
do go through are quite a lot there and remittance
is the main use case of their platform being able
to deliver value from one side of the world to
another and have those payment rails. Therefore, users is the
key thing that they're going to deliver here, So Ansen
(02:25):
is going to be a very useful tool for paying
a lot of people around the world. Now, if you
haven't looked into Encryptus, I'll put the links down below
for you guys as well. But they are providing the
fit on and off ramps for many, many locations around
the world, and they'll be providing it for various Cardano
projects as well, so you'll see Encryptus integrated into a
lot more projects very soon too. So this is super exciting.
(02:48):
I can't wait for this one to launch. I don't
know where liquidity will be provided within the ecosystem, whether
it will be on the various DEXes out there lending
borrowing protocols, so I'm not sure about that. Not sure
about those details, and I'm sure we'll learn more soon
as the team roll things out. But I'm super excited
just to have that announcement of a mass amount liquidity
(03:10):
coming in for the Kadana ecosystem. Now on the other side,
we have usd M and Manesta have been going hard
with all of their updates at the moment. This is
their brand new website which they've just released recently. Covers
everything about the platform itself, so do check that one
ouse if you want to learn a little bit more
about USDM. But their recent newsletter here talks through a
(03:34):
couple of new changes. They have a new Chief Technology Officer,
Andrew Westberg is joining the team. And Andrew Westberg I
think is one of those technical ogs within the space.
He's a very prominent stakepool operator in the Kadana space.
He really knows his stuff when it comes to infrastructure
and writing code for it as well. This is Andrew here.
(03:56):
If you're not following Andrew, please do give him a follow.
He is one of those staple operators that you do
want to listen to in terms of querying the Cadano
blockchain and running efficient nodes. This is the man to
do it, and he is definitely a really good CTO
to have on board for the Manetta team. And Andrew
will oversee the expansion of W three i's technical infrastructure,
(04:19):
ensuring that USDM remains the highest integrity, most are transparent,
most secure, and most versatile stable coin on Cantaina and beyond.
So he is definitely a good pick for all that,
so I can't wait to see what Andrew delivers for
W three I and the USDM ecosystem. The other news
update that came through from Manetta was the integration of
(04:42):
USDM on liquid Finance, and this brings in more DeFi
options for users within Liquid's ecosystem. There having USDM alongside
all the other stable coins that they have on the
platform allows users to borrow and lend on the platform
using another stable coin asset, so this is definitely a
good one to have included onto the platform. Here you
(05:04):
can see the APY and the utilization scales here as well.
So you can see the APY here over the last week.
They're not massive numbers, they're mostly realistic here, so you
can see the supply APY at one point three percent
and the borrowing API at six point one four percent,
So the realistic numbers for what I think is stable
(05:25):
coin should be. We do see some other crazy numbers
in terms of APY on some of the other assets
as well, so do check it out. I'm still playing
around with liquid Finance, getting used to it and working
out what my best D five plays after this particular
platform as well. Overall, super bullish news for stable coins
on the Cadana space. USDA coming in with a massive
(05:46):
amount of liquidity. USDM already around that nine million USD
mark at the moment, so really good to see that
one there. And retail is coming really soon. They did
leak that one as well, so retail users we'll be
able to sign up on the platform and start minting
and burning USDM on the platform. Really exciting stuff in
(06:07):
the Cardina space at the moment. I love seeing these
teams continuously building and delivering some really cool stuff for
the Cardina ecosystem. Now, if you found this news update useful,
you know the drill hit that thumbs up, subscribe notification
bell and I'll keep you up to date with everything
that's happening in the Condina space. I'll see in the
next video
I've got some seriously good news about stable coins on
the Kadana ecosystem at the moment, We've got and and
leaking some alpha at the token twenty forty nine event
right at this moment, like literally an hour ago, they
just announced this and that I've just received an email
update from the Manetta team as well with USDM. I'm
(00:22):
Peter buy. If this is your first time here at
hit that like subscribe notification bell, I'll keep your up
to date with everything in the Candona ecosystem. Let's get
into these news updates. This first one here seriously and
Zen's they have revived the USDA stable coin earlier this
year that partnered up with encryptus and Amergo as the
(00:42):
tech partner, and they are delivering this stable coin. If
you haven't checked out this interview that I did earlier
this year with Beneath from Omergo and Shantanu from Encryptis,
please check that one out. They go through everything about
the platform and how it's going to work within the
Cadana space. Really really insightful and interesting. But this here,
(01:03):
Patrick Tobler from Ndmaker released this particular tweet from this
presentation that I think that's beneath there. But have a
look at this. Did we just get some alph on
stage that the initial steed liquidity of USDA will be
around seven to ten million USD? Yep, we just did.
We just heard that. So so the ants and team
(01:24):
are planning to seriously put in seven to ten million
USD on launch of USDA. Now we don't know exactly
when the launch date is. Maybe they talked about it
on stage as well, or gave a more predictable date
of when this is going to happen. More stable point
liquidity is needed on the Cadano space and we're seeing
(01:45):
a lot more of it come into play at the moment.
So I'm really excited about this. Does this mean we
need USDC? Do we still need USDC? When we have
and Zen's delivering a lot of liquidity in the initial
stages here as well as on and off ramps for
the Kadano users. If you have a look at ans
(02:05):
In's here you can find out a bit more about
what they're delivering. Do go through that interview. The guys
do go through are quite a lot there and remittance
is the main use case of their platform being able
to deliver value from one side of the world to
another and have those payment rails. Therefore, users is the
key thing that they're going to deliver here, So Ansen
(02:25):
is going to be a very useful tool for paying
a lot of people around the world. Now, if you
haven't looked into Encryptus, I'll put the links down below
for you guys as well. But they are providing the
fit on and off ramps for many, many locations around
the world, and they'll be providing it for various Cardano
projects as well, so you'll see Encryptus integrated into a
lot more projects very soon too. So this is super exciting.
(02:48):
I can't wait for this one to launch. I don't
know where liquidity will be provided within the ecosystem, whether
it will be on the various DEXes out there lending
borrowing protocols, so I'm not sure about that. Not sure
about those details, and I'm sure we'll learn more soon
as the team roll things out. But I'm super excited
just to have that announcement of a mass amount liquidity
(03:10):
coming in for the Kadana ecosystem. Now on the other side,
we have usd M and Manesta have been going hard
with all of their updates at the moment. This is
their brand new website which they've just released recently. Covers
everything about the platform itself, so do check that one
ouse if you want to learn a little bit more
about USDM. But their recent newsletter here talks through a
(03:34):
couple of new changes. They have a new Chief Technology Officer,
Andrew Westberg is joining the team. And Andrew Westberg I
think is one of those technical ogs within the space.
He's a very prominent stakepool operator in the Kadana space.
He really knows his stuff when it comes to infrastructure
and writing code for it as well. This is Andrew here.
(03:56):
If you're not following Andrew, please do give him a follow.
He is one of those staple operators that you do
want to listen to in terms of querying the Cadano
blockchain and running efficient nodes. This is the man to
do it, and he is definitely a really good CTO
to have on board for the Manetta team. And Andrew
will oversee the expansion of W three i's technical infrastructure,
(04:19):
ensuring that USDM remains the highest integrity, most are transparent,
most secure, and most versatile stable coin on Cantaina and beyond.
So he is definitely a good pick for all that,
so I can't wait to see what Andrew delivers for
W three I and the USDM ecosystem. The other news
update that came through from Manetta was the integration of
(04:42):
USDM on liquid Finance, and this brings in more DeFi
options for users within Liquid's ecosystem. There having USDM alongside
all the other stable coins that they have on the
platform allows users to borrow and lend on the platform
using another stable coin asset, so this is definitely a
good one to have included onto the platform. Here you
(05:04):
can see the APY and the utilization scales here as well.
So you can see the APY here over the last week.
They're not massive numbers, they're mostly realistic here, so you
can see the supply APY at one point three percent
and the borrowing API at six point one four percent,
So the realistic numbers for what I think is stable
(05:25):
coin should be. We do see some other crazy numbers
in terms of APY on some of the other assets
as well, so do check it out. I'm still playing
around with liquid Finance, getting used to it and working
out what my best D five plays after this particular
platform as well. Overall, super bullish news for stable coins
on the Cadana space. USDA coming in with a massive
(05:46):
amount of liquidity. USDM already around that nine million USD
mark at the moment, so really good to see that
one there. And retail is coming really soon. They did
leak that one as well, so retail users we'll be
able to sign up on the platform and start minting
and burning USDM on the platform. Really exciting stuff in
(06:07):
the Cardina space at the moment. I love seeing these
teams continuously building and delivering some really cool stuff for
the Cardina ecosystem. Now, if you found this news update useful,
you know the drill hit that thumbs up, subscribe notification
bell and I'll keep you up to date with everything
that's happening in the Condina space. I'll see in the
next video
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