0x_mehere

Crypto 🚀
DeFi/web3 watcher.

[0x_mehere @0x_mehere]

My current DeFi/project list.
Updated 7 November

Perps
@extendedapp (38% vault 30d APY)
@paradex (16% vault 30d APY)

DeFi
@ZyfAI_ (10-15% APY)
@strata_money (5-10% APY)
@avax on @turtledotxyz (10-15% APY)
@yieldbasis

Changes and notes
- Withdraw money from @RiverdotInc @River4fun smart vault phase 1 with 62% APY. I don’t deposit to phase 2
- Tried to get allocation on @megaeth, but got nothing
- Deposited to @stable

[rf.extended @rf_extended]

Now that XVS is live, it’s important to clarify how users can use it.

In simple terms, XVS unlocks yield-bearing collateral for users. @extendedapp users can now deposit funds into the vault and use the same capital as yield-bearing collateral for their trading activity.

When a user deposits into the vault, they receive the corresponding number of XVS shares into a sub-account. Currently, XVS shares earn base vault yield, contribute 75% of their value to account equity, and contribute 25% of their value to balance available for trading.

Simple example:
- User has $1,000 on the account: equity $1,000 and available balance $1,000.
- User deposits into the vault and receives $1,000 of XVS: equity $750 and available balance $250.
- User opens a $1,000 BTC long with 4× leverage: equity stays $750 and available balance becomes $0 ($250 - $1000/4).
- If unrealised PnL becomes +$100: equity = $850 and available balance = $100.

As long as equity is above maintenance margin requirements, the user is healthy. If equity falls below maintenance margin requirements, liquidation starts from XVS: the vault withdraws the deposit back to the user. Because XVS contribution < 100%, many liquidations stop here as users receive USDC from liquidating XVS.

Over the next weeks we will:
1. Gradually increase XVS contribution to both equity and available balance to 90%.
2. Launch XVS Extra Yield on top of the base yield. Extra Yield will depend on user activity. The higher your rank in the Trading League of our points program, the higher your APR.

Note: if you use XVS as collateral, it can be affected by trading losses and liquidation. If you want your vault deposit to stay independent of trading, please keep XVS in a separate sub-account.

If you want more details on XVS liquidation logic or risk mechanics, please refer to my earlier tweet: https://t.co/ALiJpXa8Nj

[0x_mehere @0x_mehere]

@ZyfAI_ congrats

[0x_mehere @0x_mehere]

@paradex @extendedapp @fiddybps1 @rf_extended It's gonna be a fire

[0x_mehere @0x_mehere]

@ltvprotocol @EFDevcon I am in

[0x_mehere @0x_mehere]

Let’s check if new version works better or not

[yieldbasis @yieldbasis]

https://t.co/SboKId2guJ

[0x_mehere @0x_mehere]

@shahriarrmc @aztecnetwork Thanks for the response.
I ran nodes for other projects for fun a few years ago.

[0x_mehere @0x_mehere]

@RiverdotInc Actually, you can't change the rules or you gonna lose our trust

[0x_mehere @0x_mehere]

@0xPrakhar_ @aztecnetwork pre-sale in November?

[0x_mehere @0x_mehere]

@Cryptophileee what is the fee to use it?

[0x_mehere @0x_mehere]

@aztecnetwork sure 😎

[0x_mehere @0x_mehere]

@uttam_singhk make sense

[0x_mehere @0x_mehere]

@usoppu sorry, but looks like it's just beginning (

[0x_mehere @0x_mehere]

@0xPocho @paradex @OTC_Paradex @Paradex_Eco @FelixLaMenasse @0xpol06 @DocHankey bullish 😎🚀

[0x_mehere @0x_mehere]

@norbertbodziony @stable on 3rd phase))

[0x_mehere @0x_mehere]

@Deroidz @megaeth sad((

[0x_mehere @0x_mehere]

@imspeculating @extendedapp trend is good

[0x_mehere @0x_mehere]

@ltvprotocol @0xorio nice 🫡