Goldilocks' Comments and Global Economic News Friday AM 2-2-24

Good Morning Dinar Recaps,

"Instead of relying on traditional buyers and sellers in a financial market, AMMs keep the DeFi ecosystem liquid 24/7 via liquidity pools."

Automated Market Makers (AMMs) allow digital assets to be traded without permission. They trade automatically through liquidity pools instead of traditional market buyers and sellers.  

A  liquidity pool is a smart contract containing a reserve of two or more cryptocurrency tokens inside a decentralized exchange (DEX). 

This allows people and Banks the ability to create liquidity beyond the token they are holding (XRP) that is just simply sitting idle without these other assets to help them to grow a passive income.

Smart contracts are scripts that automate actions between two parties through agreements to exchange crypto currency 24/7 to generate funds for an original token such as XRP just sitting idle.

On February the 14th, 2024 XRP will be allowed to operate inside a decentralized monetary system generating liquidity for their network through non-traditional trading means.

In other words, we are about to see a self-sustaining model of digital money begin to automate liquidity.

Here is the benefit of this new mechanism coming into play. Banks own a lot of XRP around the world, and XRPL has been given the green light to move forward with this new generation of income moving through the monetary system.

Don't forget. XRP is a commodity-based monetary network. The ability to generate the commodity sector of the market through banking transactions utilizing XRP around the world is a monumental achievement.  CryptoNewsFlash   XRP Chat  Crypto News  Gemini

© Goldilocks

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"The Bank Term Funding Program (BTFP) expires in March, and no new loans can then be taken out, but existing loans can be maintained until their term ends, which is one year after it was issued."

The existing loans will give Banks time to add new Basel 3 requirements to new loans (SOFR) going forward inside a gold backed economy.

Secured Overnight Financing Rate (SOFR) allows a borrowing of cash overnight that is collateralized and repurchased through the US Treasury securities.

This new repo Market mechanism (SOFR) will gradually be put into place to replace the old Libor contracts finishing up their contracts this year.

"1-, 3- and 6-month US dollar LIBOR settings continue to be published under an unrepresentative ‘synthetic’ methodology until end-September 2024. After this, publication will cease permanently."

By the end of the year, everything turns to gold. "All roads lead to gold, and gold will set us free."

© Goldilocks
Capital One
JP Morgan

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Isaac sent a Message last night

Hello we are very very close for the confirmation I was waiting for , will update and explain more tomorrow , blessings.  Isaac on Telegram

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