weekend learning with foobar, Smart Contract Upgradeability: Updating apps on an immutable blockchain, like switching the plane engine midflight
Source: https://0xfoobar.substack.com/p/smart-contract-upgradeability
Reddit Post
Latest
foobar on Twitter with more in depth analysis of UST/LUNA and why anyone thinking of getting in now should think twice.
A brief $LUNA explainer ๐งต
I'll discuss why buying at a $10m marketcap isn't the slam-dunk winning trade you think it is ๐
LUNA and UST are inseparably linked. When UST trades below peg, traders can redeem UST for $1 worth of LUNA. This LUNA is freshly minted
FINRA Alert! Notice of Filing of a Proposed Rule Change to Expand TRACE Reporting Requirements to Trades in U.S. Dollar-Denominated Foreign Sovereign Debt Securities. Currently, US dollar-denominated debt of foreign sovereign issuers NOT subject to TRACE
SR-FINRA-2022-011 34-94891
Notice of Filing of a Proposed Rule Change to Expand TRACE Reporting Requirements to Trades in U.S. Dollar-Denominated Foreign Sovereign Debt SecuritiesComments due: 21 days after publication in the Federal RegisterAdditional Materials: Exhibit 2a, Exhibit 2b, Exhibit 5
* Submit Comments on SR-FINRA-2022-011
RedAs of December 31, 2021,
In a 2 year period where the Fed threw $4.7 trillion in printed money at Wall Street and the Federal Government helicoptered $6.6 trillion in borrowed money directly at businesses, state governments, tax payers
In a 2 year period where the Fed threw $4.7 trillion in printed money at Wall Street and the Federal Government helicoptered $6.6 trillion in borrowed money directly at businesses, state governments, tax payers & wide-reaching forbearance programs and eviction bans, inflation is Putin's price hikeโข
Damn Putin and the unelected Federal Reserve he controls printing of 80% of the money supply in 2 years is destroying the USD causing all this inflation!
Reddit Post
Federal Reserve Alert! Financial Stability Report Report summarizing the Federal Reserve Board's framework for assessing the resilience of the U.S. financial system and presenting the Board's current assessment.
Source (86 page pdf)
This report summarizes the Federal Reserve Boardโs framework for assessing the resilience of the U.S. financial system and presents the Boardโs current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserveโ
foobar in depth: UST has lost its peg for hours, unheard of for an $18 billion stablecoin. Even concerted efforts by trading firms with billions of dollars in backing have failed to keep it up. How did this happen?
Source: https://0xfoobar.substack.com/p/partially-collateralized-algostables?s=r
Reddit Post