Lol @ the irony in this statement of Portuguese upset Abt disrupting local rituals - actually yes there is freedom to practice your own religion in Portugal, and freedom to express yourself without douchebags yelling in your face. You wouldn't condone this behavior at a funeral inside a church, literally the only really you're mad is bc ur a bigot.
@Matttamouros@Testeeee798991@metaversejoji False - he's leveraging the national anthem to score likes, he's literally whoring out the anthem to annoy people.
"Turd" really lol??? π
Mezo just partnered with @AerodromeFi to bring vote-escrow mechanics to Bitcoin lending.
Until now, BTC holders had to bridge to Ethereum to access this kind of DeFi yield. @MezoNetwork changes that.
-Users lock native BTC to receive veBTC β a vote-escrowed position modeled on Aerodrome's veAERO mechanics.
-That veBTC earns yield by voting on proposals, participating in liquidity pools, and allocating to Mezo Vaults.
-The underlying yield source is fixed APR Bitcoin lending: Mezo lends deposited BTC to borrowers and returns the interest to veBTC holders.
Native BTC. Fixed rate. No bridging required.
$77.5M TVL already on the network. The infrastructure for productive Bitcoin is being built quietly.
Crypto had one of its uglier days today. Protocol-side, we didn't notice. No material value lost. Positive ROR on the day, through the churn.
That's not luck. That's the architecture.
A verification provider just terminated a client for not being able to prove what was behind its own reserve number.
Accountable handled it correctly. But the situation points to something structural about RWA credit β not a one-off failure.
Off-chain assets require counterparty cooperation to verify. If the borrower doesn't open the books, the verifier has no fallback. The public sees an aggregate figure, not a breakdown. That gap is where risk lives.
BTCD is built differently. Every asset backing it β the BTC leg, the cash leg, the sBTCD exchange rate β sits in smart contracts, queryable by anyone, at any time, without asking permission. The blockchain is the statement of record. You don't need a report. You don't need to ask us.
RWA credit is doing important work in DeFi. But opacity in reserve verification is a live risk, not a theoretical one. On-chain finance sets a higher standard by default.
Sky is the most underrated infrastructure in DeFi, and it's because the properties that matter most are invisible until you put real capital on top of them.
Building $BTCD forced us to evaluate every piece of dollar infrastructure in DeFi. @SkyEcosystem won by a wide margin.
Here's the part that doesn't come up in most conversations about it.
The Peg Stability Module lets anyone swap USDS and USDC at exactly $1.00. Zero fees. Zero slippage. No price impact. No MEV. Atomic, permissionless, on-chain β up to ~$3.7B in direct conversion depth.
Consider the alternatives:
-Curve and Uniswap introduce slippage at size.
-Centralized redemption costs you transparency and adds lag you can't absorb.
The PSM has neither problem. Nothing else in DeFi looks like it.
And the liquidity is structural, not opportunistic. Sky holds ~25% of USDS backing in USDC specifically to guarantee PSM depth. Most on-chain liquidity dries up exactly when you need it most. This is engineered to hold through stress β a floor, not a ceiling.
That one property changes how we hold idle capital. BTCD has two sleeves that would otherwise sit in unproductive USDC:
1. The portfolio's rebalance buffer, parked while it waits for BTC to move
2. The USD Vault's USDC withdrawal buffer
Both now sit in sUSDS, earning the Sky Savings Rate, converting back to USDC through the PSM the instant they're needed. The liquidity guarantee is the product. Capital that's idle by design earns yield without compromising the liquidity it exists to provide.
The yield source matters too. The Savings Rate is funded by real protocol revenue β PSM fees, collateralized-loan interest, RWA yield β not token emissions.
And DAI/USDS has 7+ years of continuous operation with zero losses to holders, through March 2020, LUNA/UST, the USDC depeg, and FTX. Endgame didn't reset that clock. It compounded on it.
If you're building a protocol and haven't taken a hard look at what the PSM can do for you, do. It changes the design space once you see it.
Check out our USD vault at @ipor_io to read more on how we leverage USDS in our ecosystem.
10// The name: in 2018 the working name for @Uniswap DEX was Unipeg // https://t.co/frGI8m35jI // a peg being a rule enforced at the point of exchange. v4 hooks are exactly that.
The other half: NFTs were always called JPEGs. Uni + JPEG = Upeg.
π§΅//π¦
New paper: The Bitcoin Dollar β Mathematics and Research.
Model every collateral asset as a function of one variable, the BTC price, and hedging collapses to two numbers: elasticity and convexity. Null the diffusion, and the residual drift is your yield.
Four years of hourly backtests inside.
The Bitcoin Dollar whitepaper is now live, link below π