one year ago we launched @SnakeOnSonic
it honestly started as just an idea around building a revenue backed system that actually made sense. Not hype, not farm and dump, not short term emissions. just something structured properly that could survive.
We are insanely proud of the product we’ve made. We continue to update by adjusting mechanics, we reworked the nest, we refined emissions when needed. we learned a lot. what i’m most proud of isn’t any metric, it’s that we never disappeared and we never stopped improving the model.
year one was about proving we could build something sustainable.
year two is about taking it more seriously.
@FangFinance on $ETH isn’t just another fork. it’s us maturing the structure & bringing it to the forefront with clearer monetary policy, defined expansion constraints. monthly revenue reports, & transparent PSM flow.
we’re also upgrading the nest (again) and launching a unified website to properly showcase everything we’ve built across chains.
$SNAKE & $CROC was the foundation,$FANG is the evolution.
appreciate everyone who’s been here since day one. we’re building this to last
HIRING: @StableJack_xyz is looking for two new team members 🚨🚨
1. Founding Product Designer
Scope: UI/UX, brand identity, and general design.
Requirement: Previous experience in exchanges, fintech, or wallet providers.
2. React Native Developer
Scope: Mobile app development.
Requirement: Previous experience in building a mobile app from scratch
Details:
Regions: Preferred candidates in Turkey, Russian-speaking countries, and Southeast Asia
Format: Full-time, remote
Payment: Stablecoins
Application:
You can reach out to me on DMs on X or Telegram: CaesarJulius0.
Day 19 posting about @plasma until i get a RT from the official account
so to kickstart, i just messed up and deleted yesterday’s post 😮💨 stupid i know, but shit happens.
just so we keep timeline straight, quick recap:
- @enclabsfi lending apy was insane yesterday and is still sitting around 26.81 for a pure set and forget deposit
- @eulerfinance was paying around 23 yesterday, today closer to 15
- @gearboxprotocol looked around and said hold my beer and apy went from 10 to 34% 🤯
these three are literally set and forget with low lending risk, no exotic loops, just clean plays.
ok so what’s on the stove today 🥧
stablecoins szn
you know i’m a stablecoin type of person
but i’m also an rwa type of person
@Chateau_capital dropped a comment on my post a few days ago so i went to check what they were building
in short: people mint chusd with usdt, Chateau allocates that pooled capital to a private credit fund that lends to real off-chain companies with collateral and agreed yield
simplifying:
- it is basically a lending market
- but the borrowers are actual companies
- @covenant_vc handles capital allocation professionally (full disclosures available in Chateau docs)
why did i like what I saw here?
if you have lived a bear market you know one thing
onchain yield collapses to low single digits when activity dries up
so if yield comes from offchain credit flow you have a higher chance of keeping consistent returns across cycles
Chateau sources yield from:
- private credit returns from covenant vc’s lending portfolio
- stable and staked asset rewards on collateral like usdtb
- market making onchain through partners like @ArrakisFinance
covenant vc track record is right there on docs
- 18–21 percent returns yoy since 2011
- fifteen years of execution
what else…
- there is a live leaderboard and it is heavily underfarmed
- protocol as a whole is underfarmed tbh
- 50k tvl means room to explore
- also i did see a @pretrillions tag on the board so that may help you accelerate up the ranks
that’s it for today
if i’m missing anything i’ll let the Chateau team pull up and clarify in comments
trillions.
Chads answered the call, looping has begun 👀
USDT0 is now offering an exceptional 26% supply APY 🔥
Just deposit, chill and earn.
👉 https://t.co/7FVmOAKm2R
$172K available liquidity on the USDT0 market.
Borrow at 1.69% APY
$xUSD (18% intrinsic APY) and $splUSD (15% intrinsic APY) are live on the Core Plasma Pool
You know what that means: looping opportunities 🔁
xUSD & splUSD chads, this one’s yours🕊️
👉 https://t.co/7FVmOAJOdj