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Selena09
1.1k Posts

Selena09

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464 Followers
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Last Sunday afternoon, Nam and I tried locking 0.05 BTC on the testnet of @babylonlabs_io , then borrowed mock USDC. What made me stop wasn’t the Health Factor on Aave, but the question: when a position gets liquidated, what exactly is the system selling? $BABY. BTC can’t immediately leave the Bitcoin chain, so the debt is settled first using DeFi liquidity, while the Vault and the right to redeem the underlying BTC are transferred to the buyer. Looking more closely, this isn’t just buying BTC at a discount; the buyer is giving up today’s liquidity in exchange for the right to redeem BTC later. The spread doesn’t only cover price risk—it’s also the price of waiting. The money leaves the buyer’s hands while the Bitcoin still can’t be received. TBV doesn’t eliminate Bitcoin’s latency; it turns that latency into a risk that can be priced and transferred to someone else to bear. This structure runs quite smoothly when liquidity is abundant, but in a domino crash—when many Vaults fall below Health Factor 1 and everyone wants to hold cash—the safety parameters can only limit losses; they can’t magically create buyers. That’s the harshest stress test of $BABY : when many Vaults need to be liquidated at the same time and the market only wants cash, is anyone still willing to trade immediate liquidity for a delayed right to receive Bitcoin? #baby
Last Sunday afternoon, Nam and I tried locking 0.05 BTC on the testnet of @BabylonLabs_io , then borrowed mock USDC. What made me stop wasn’t the Health Factor on Aave, but the question: when a position gets liquidated, what exactly is the system selling? $BABY . BTC can’t immediately leave the Bitcoin chain, so the debt is settled first using DeFi liquidity, while the Vault and the right to redeem the underlying BTC are transferred to the buyer. Looking more closely, this isn’t just buying BTC at a discount; the buyer is giving up today’s liquidity in exchange for the right to redeem BTC later. The spread doesn’t only cover price risk—it’s also the price of waiting. The money leaves the buyer’s hands while the Bitcoin still can’t be received. TBV doesn’t eliminate Bitcoin’s latency; it turns that latency into a risk that can be priced and transferred to someone else to bear. This structure runs quite smoothly when liquidity is abundant, but in a domino crash—when many Vaults fall below Health Factor 1 and everyone wants to hold cash—the safety parameters can only limit losses; they can’t magically create buyers. That’s the harshest stress test of $BABY : when many Vaults need to be liquidated at the same time and the market only wants cash, is anyone still willing to trade immediate liquidity for a delayed right to receive Bitcoin? #baby
Still not ready to stop yet $BLESS . Be careful up there on the tip 😴😴
Still not ready to stop yet $BLESS . Be careful up there on the tip 😴😴
$BLESS nhìn nến 4h khét vậy, đẩy liên tục, đợi mình vào nó mới sập chăng kk $BLESS $BANK
$BLESS nhìn nến 4h khét vậy, đẩy liên tục, đợi mình vào nó mới sập chăng kk
$BLESS $BANK
Today alpha is pumping one by one, each day 1 [one] up to bxh: yesterday it was $MarsCoin $BEAT Now comes $BLESS
Today alpha is pumping one by one, each day 1 [one] up to bxh: yesterday it was $MarsCoin $BEAT
Now comes $BLESS
Remember $XAN a huge project with so many expectations, I didn’t even grind but still got an airdrop from alpha worth $150 😍😍 $XAN $LAB
Remember $XAN a huge project with so many expectations, I didn’t even grind but still got an airdrop from alpha worth $150 😍😍
$XAN $LAB
June ends also marks the time my journey with Binance Alpha comes to a close. Thank you, Alpha, for creating many opportunities for me to earn money over the past year $BLESS $BEAT
June ends also marks the time my journey with Binance Alpha comes to a close. Thank you, Alpha, for creating many opportunities for me to earn money over the past year
$BLESS $BEAT
$1000SATS được niêm yết từ cuối 2023 đã increase sharply after listing, then fell by more than 90% $1000SATS $BANK
$1000SATS được niêm yết từ cuối 2023 đã increase sharply after listing, then fell by more than 90%
$1000SATS $BANK
This is called $HOME pumb, stronger by 30% 🥲 🥲
This is called $HOME pumb, stronger by 30% 🥲
🥲
Look at $BANK đi, it's more broken than a meme, oh wait, it's also a meme 😴😴 $BANK $BEAT
Look at $BANK đi, it's more broken than a meme, oh wait, it's also a meme 😴😴
$BANK $BEAT
Be careful with these animals; build a pillar then release them and release them $memes $UAI
Be careful with these animals; build a pillar then release them and release them
$memes $UAI
Today is the day of $BLESS trade goods of Alpha 1, time: :) $BEAT $BANK
Today is the day of $BLESS trade goods of Alpha 1, time: :)
$BEAT $BANK
The attack on Bitcoin cold wallets continues to spread. According to CoinDesk, the number of affected addresses has risen to about 4,500 wallets, with total estimated losses of nearly $89 million. The incident is raising concerns about security procedures and private key management, even though the Bitcoin network itself was not attacked. So bad, are they hacking nonstop like that? 😴😴 $BEAT $BANK
The attack on Bitcoin cold wallets continues to spread. According to CoinDesk, the number of affected addresses has risen to about 4,500 wallets, with total estimated losses of nearly $89 million. The incident is raising concerns about security procedures and private key management, even though the Bitcoin network itself was not attacked.

So bad, are they hacking nonstop like that? 😴😴

$BEAT $BANK
Never mind bad news, maket is down but $EUL still increases by 20%
Never mind bad news, maket is down but $EUL still increases by 20%
$BEAT touch 6.2$, go on 😴😴
$BEAT touch 6.2$, go on 😴😴
$AKE v vẫn lên steadily, this general is still strong 😴, these ones rise and fall beyond too much analysis :)
$AKE v vẫn lên steadily, this general is still strong 😴, these ones rise and fall beyond too much analysis :)
These creatures are getting too aggressive, setting up a clear column—it's the same as the one $IDOL bơm; it doesn't differ from $BEAT and $KOMA
These creatures are getting too aggressive, setting up a clear column—it's the same as the one $IDOL bơm; it doesn't differ from $BEAT and $KOMA
Watch $BEAT c quietly go up; I can’t help but feel it still doesn’t want to stop, $BEAT $LAB
Watch $BEAT c quietly go up; I can’t help but feel it still doesn’t want to stop,
$BEAT $LAB
Has the cooling down worked yet $WMTX , pumping them one by one and letting it out :( if you’re not careful it’s above the treetop 🥲🥲 $WMTX $BANK
Has the cooling down worked yet $WMTX , pumping them one by one and letting it out :( if you’re not careful it’s above the treetop 🥲🥲
$WMTX $BANK
Every day before the BSC race, after I finished the alpha break I completely forgot about it. Today I saw it rising again and remembered back when I raced BSC with Hemi -PRAI -PTB- TRADOOR. I set alpha again just to give me such a memorable keepsake 🤣🤣 $PTB $KOMA
Every day before the BSC race, after I finished the alpha break I completely forgot about it. Today I saw it rising again and remembered back when I raced BSC with Hemi -PRAI -PTB- TRADOOR. I set alpha again just to give me such a memorable keepsake 🤣🤣
$PTB $KOMA
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