₦airaland Forum

Asgard13:
I love dreamers

e go do u baibai. Jes remember to admit say I tell u so. Jagaban no go leave Ganduje to go siddon for Senate after d hardwork and loyalty to him.

Asgard13:
Good

Hope he’s having all Kano delegates .. in his pocket .. He’s partner Tinubu is heavily counting on him

dis one na back up..Asiwaju Tinubu go snatch Ganduje from d legislature to be part of hin inner caucus of hin government.
Na Jibrin go eventually collect d seat. watch am.

foryourmind:
Yeah, Lagos state and Nigeria money is reserved for his criminal family from Osun State.

omo Igbo, how owerri and iboland today. no go kill yaself on top yoruba mata o..if u do na saara be dat o

hohafrank:
Hope he signed and attached the withdrawal form?

see painment. e get d best lawyers to handle dat. e no be ur papa mate o

Always on point!
The rest still dey look for 370 delegates to sign dem form wen jagaban don get 570 delegates that endorsed his nomination form.
Jagaban 2023 na God's project for Nigeria.

Eshin to siwaju ni o gba fe! Asiwaju lo gba Ife

A visibly angry President said he had received the resignation of Nwajiuba seeking to be President.

He said: "I expect other members of this council seeking to be President to resign with immediate effect."

a fi gba ti all of dem malami,amaechi, ngige, emefiele and co te shah.
awon alainironu ara galatia.shiorr

Odidigboigbo:
Read clearly and gradually the last sentence of the judgement, then you will no that even they didn't, resigned, the electoral act have no effect on them since the constitution supercede the electoral act

na u no get am. dey have been sacked since d day appeal court don stay action of d fhc. any document or contract dem sign for FG na null and void.

osinbanjoisaliar:
Omo owo mi da explain this stori



https://gazettengr.com/appeal-court-axes-section-8412-says-political-appointees-can-contest-primaries-without-resigning/

na dat useless gazzette u dey read. No winder. shiorr

Aufbauh:
You either modifies or remove this comment hence, it's embarrassing you the more.

The judgment is actually the opposite of ur insinuation.

https://www.nairaland.com/7121366/breaking-all-ministers-political-ambitions#112726233
u be olodo. shiorr

Wey all those yeye commentators wey dey argue wen I say Malami, Amaechi, Ngige and co don score home goal.
Dat appeal court ruling don sack dem because d electoral act stands.
keeping dem just one day longer na illegality so tey any document or contract dem sign on behalf of FG as 'minister' since wen appeal court stay execution on dat arrangee FHC judgement go become null and void.

Malami and co no get shame at all. shiorr.

next na dat yeye Emefiele. He go lose hin job and no go smell d apc ticket las las . nonsense unruly people gbogbo wey full everywhere for apc lists of presidential aspirants

Cubalabloo:
I have my own car. But mostly u see me driving my friends car for reasons best known to me.

smh for u aswear2gud

everytime una go dey ask dis yeye question. enuf free info dey online for u but una no go read. shiorr

Cubalabloo:
Driving a car is not owning a car!

so he be driver shebi. u tink say u dey talk to ur kain people. liar wey born pikin na liar e born

omo oju orolari. shiorr

Jes kuku say u dey support PYO shikena. No drag Buhari into am because even Katsina state delegates dey go for Jagaban.

Even democracy itself rests on primaries, na unpopular aspirants dey fear primaries and dem go go lose for d general election

Wow!!Malami don score home goal. NJC suppose drag dat Judge sef

How market Ngige, Amaechi, Nwajuiba and Emefiele

u see d hypocrisy of USA fighting for ukraine wen Isreal dey do same tin as Putin

Jesu wept

Crypto Focus: LUNA loses 90% of its value in one week


LUNA is the native currency of the Terra blockchain, a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

In the last seven days of trading, LUNA has lost its position as a top 10 cryptocurrency by market capitalization as it currently ranks #28 as of the time of this writing. Its token price traded $87.96 a week ago, to currently stand at $8.81 as of the time of this writing, which represents an approximately 90% decline in just seven days.

The shocking thing about LUNA is that it created an all-time high of $119.18 a little over a month ago and it has lost over 92% since then, making it one of the fast declines in the cryptocurrency space as over $37.4 billion in market capitalization has been whipped off in less than five weeks.


What is the Terra Blockchain?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins. The platform combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm (using programs) that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap their LUNA tokens for stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

This was the case when Terra launched its UST stablecoin in September 2020. TerraUSD (UST) is the decentralized and programmable stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar.


TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage.

Where it all went wrong?

A major selling point for holding UST is the passive income opportunities that exist. Holders can gain passive income using TerraUSD with the Anchor protocol’s stable interest rates. Anchor protocol is a lending and borrowing protocol built on the Terra blockchain. Even with the massive sell-off we are seeing on the protocol, the platform is still the highest in terms of total value locked (TVL) to the tune of $3.99 billion as of the time of this writing.

Anchor promises a 19.50% return on UST savings. Additional and steady income appears through rewards in PoS chains, which maintain their stability due to commissions and inflation. This nuance will make it possible to form a reliable interest rate, or so we thought.

Ultimately, lenders can deposit their UST, which they redeem by burning their LUNA tokens, which makes the LUNA token scarce and earn attractive rates on their investments while simultaneously benefiting from low volatility. Borrowers can turn their LUNA collateral into productive assets without giving up control of it.

Due to this promise, we saw an astronomical increase in the market capitalization of UST. In fact, UST because the third-largest stablecoin by market capitalization, surpassing Binance’s BUSD. UST got very popular after Terra founder Do Kwon pledged to buy $10 billion worth of Bitcoin to back the programmable stablecoin. So far, the Luna Foundation Guard had bought up over 42,500 BTC to the tune of $3 billion, fulfilling its promise of buying $3 billion in the short run. However, the reality of the economic policies and decisions hit the market in May, causing the crypto market selloff to intensify.

The U.S. Fed increased interest rate as it handed down its policy decision earlier this month. The Fed hiked its interest rate by 0.50% to 1%, the largest increase since 2000, as it handed down its policy decision. Although Fed Chairman Jerome Powell said the 75-basis points super-hike feared by investors is “not something that the committee is actively considering,” the worrying pressure of inflation, high energy prices and supply chain bottlenecks have caused investors of risker assets to derisk and run towards the safe-haven currency, the United States dollar.

This caused a massive selloff in the cryptocurrency space as Bitcoin traded below $30,000, a price point not traded since May 2021, when the market crashed by a little over 50%. As a result of the selloff and also as a result of how the UST programmable stablecoin works, it caused a massive decline in LUNA, the depegging of the stablecoin, UST and also the over 70% decline in Anchor Protocol’s native token, ANC.


What is happening now?

UST is still depegged as it is trading 30 cents as of the time of this writing. Down 70%.
ANC, the native token of the Anchor Protocol, is down 72% in the last 24 hours.
Terra blockchain, which had a TVL of over $31 billion at its peak, currently has $5.99 billion, down over 80%.
Anchor Protocol’s TVL which peaked at $17.15 billion has lost over 76% as it currently stands at $3.99 billion.
LUNA is down over 90% in the last seven days.
Do Kwon, the project founder last tweeted, “Close to announcing a recovery plan for $UST. Hang tight.”

https://nairametrics.com/2022/05/11/crypto-focus-luna-has-lost-90-of-its-value-in-one-week/

nna777:
Closed all my shorts. Longing Btc @31k *15 leverage. We should see pump to the 35-37k range.

NFA.

nna, u beta come back to nsempa ur original family before u join dis ponzi business.
No let dis yeye crypt0 manipulators send u back to village o

See famzing o Wen has it bcome breaking news for Senator of FRN to meet President of hin own political party

APuGA don quench even before 2023 race begins

3ple9ine:
So 28 people who withdraw to support GEJ.

I think OP should mention the 28 people.

no mind d omo ibo OP. Dem dey decieve demselves. Na dem daddy Atiku dem go settle for las las. u go see say I talk am.

Omo Ibo OP, u don forget somebody o, Yahaya Bello wey ur ibo leaders gbadun

PrinceOfLagos:
[s]Obasanjo and Olu falae are Igbos for saying the truth according to Cursed, useless and poverty stricken Tinubu supporters

This is what I've always been about on this forum but the useless and lowlife Tinubu goats will call me Omo Ibo as if they are more Yoruba than I am

Bunch of fools


Nigeria should burn to ashes if the Igbos re denied presidency in 2023 [/s]

Omo Igbo, u don see mugu for NL shebi?how ur Owerri and Iboland today.

I don see say ur ibo sense don shift u from supportimg ur ibo Fulani Daddy Atiku now to supporting Ibo Presidency.

U wey dey openly canvass for Atiku now dey deny am. smh .U be real ibo thru and thru
Omo Igbo, d kain thunder wey go fire u still dey do press up.

U be liar and d truth no dey in u.

Kuku say make APC dash ur PDP d Presidency na. shiorr .
Even Ibos no believe in Ibo Presidency

Caresafe:
He should take out time to look after himself. Health comes first.

Patriots like him no dey do like dat because of Aneurysm. Xi never even old reach Biden and Aneurysm no be death sentence. You fit get am too and recover.

PrinceOfLagos:
Keep wasting Lagos tax payers money on a useless and stupid ambition that won't fly, stupid


The monikers above singing the praises of this corrupt man is been operated by the same person .
The monikers were created between February and March 2022 by the same person just to bootlick this criminal parading himself as National leader of APC

Omo Igbo, how owerri and iboland tonight.
Omo Igbo, face ur Ibo Fulani Daddy Atiku and let Yoruba people face dem Tinubu.
Omo Igbo, Mon key o

Urheadmaster:
He needs to be introduce to the Biafran region

They don't recognize him in any way

noted. Tank u. Make he finish with high delegate states first

Danniee:
News that El-savaldor bought 500 BTC not just moving the market, chai....

all d btc dem buy till date na shikini $15m yet una dey shout am upandan. shiorr