I joined the @nirvana_fi team back in April when the altcoin market was peak apathy because it was the first DeFi protocol I'd seen in years that truly inspired me.
Starting from first principles, @sid_nirvana_fi designed $ANA token from the ground up to be an optimal store of value.
The ecosystem we're building at Nirvana is going to change the world's foundational understanding of how value should be defined and set Crypto on a new, enlightened path.
Nirvana will move us away from the turbo-charged extraction that most readily defines the current altcoin market.
Driving us towards the goals that we first set out to achieve; to create a better, more inclusive financial world for future generations.
I'm kicking off a series of X threads today that will take you through the entire ecosystem, one step at a time
Buckle Up 🍿🧵
/1
The core innovation of Nirvana and the $ANA token is the floor price.
It's what enables the negative interest rate (self-repaying) loans & leverage, both of which are completely free from liquidation risk.
/2
That might sound too good to be true, but when 100% of the supply of a token has been minted in exchange for USDC...
It's fairly easy to comprehend how an algorithm could reallocate that USDC liquidity to establish a floor price.
/3
It's also fairly straightforward to imagine that the same algorithm could lock in said floor price, ensuring that it can only stay the same or increase with demand.
Essentially placing an infinite bid at that price to cover all the $ANA tokens in circulation.
/4
Nirvana was built to give crypto the one thing it still lacks: Structured, verifiable, enduring value.
$ANA is a new kind of asset.
It’s not backed by hype or belief.
You can verify the backing.
You can never trade below the floor.
And over time, the floor rises.
/6
As the floor rises, so does a staker's borrowing power.
One of the brilliant innovations that emerges from an asset like ANA, is the ability to realize tax-efficient gains without ever selling the underlying collateral.
/7
In most jurisdictions, when you borrow against an asset you don't owe tax on that money.
Alternatively, when you sell an asset to realize a gain you owe, in most jurisdictions, a LOT of tax.
/8
Instead of unstaking and selling to realize a taxable gain, $ANA stakers can borrow USDC against their ANA and do with it as they please.
And for the first time in history, crypto has made borrowing without the risk of collateral liquidation, possible.
/9
Nirvana has no market makers.
No incentives.
No emissions.
Yet it’s already amassed $27M+ in protocol-owned liquidity and generated $550K+ in revenue since Dec. 2024.
/10
Crypto doesn’t need more copy/paste protocols, hype-fueled crazes or yield farms.
It needs a freshly imagined architecture that brings us back to crypto's first principles.
One that can do for markets, what #Bitcoin did for Money.
/11
Nirvana is the architectural innovation that makes value and liquidity verifiable, permissionless & immutable.
A powerful foundation from which we can build a brighter financial future for everyone.
/12
If you're feeling dejected, morose or otherwise jaded by the lack of inspiring innovation in the crypto space, you're not alone.
There's a growing, urgent sense that something needs to change!
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