Most yield-bearing stables fall into **5 major buckets**:
Loop & arbitrage = where the yield comes from
1. Collateral Loop: reusing own minted stable as collateral (dangerous recursion that happened to USDX)
2. Funding rate arbitrage: earning from perp market spreads (market-dependent, which caused temporary depeg for USDe)
😅 Heavy resistance from the $2.35bn cummulative shorts from current BTC price towards 112k, which is not even close to ATH. More conviction in correction than in btc retesting ATH
Source: https://t.co/G4k2AfNjKy
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YT-alUSD Multipliers increased from 1.5x to 5x
Implied Yield is now at ~28%
YT is earning ~10% APY + 76x Almanak Point
19 days left to farm @almanak token ahead of TGE
@ZivoeProtocol yep, social engineering noobtrap confirmed. Just got invited into the classic fake meeting room with "audio issues" and then 'type this in your terminal'. 🤦♂️ Please get the word out eveyone and stay safe
Chain TVL dominance.
Spot the difference between ETH TVL ATH and ETH price ATH.
ETH TVL keeps exhausting its dominance at ±61% dominance, then price action follows.
#ETH
source: @DefiLlama
asian hours control 42% of global volume now. japan's deploying $45b at negative rates into stablecoin yields and korea's pension dumps $8b every quarter. price discovery happens 9pm-5am est. the west wakes up to prices asia already set.
Pendle as usual keeping DeFi innovation alive
Boros: Introducing Funding Futures by @pendle_fi
Pendle is becoming an incubator for new money markets 🤯
https://t.co/RZzsaLaJ6M
You voting with $CREATE on the @BasedCreators Catalyst Program.
vs.
DAO spreadsheet 'expert' - “reviewing applications”
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Pendle is now live on HyperEVM
With this launch, we're bringing Pendle's fixed yield infrastructure to life for HyperEVM users.
Joining forces with our new friends:
@hyperbeat@kinetiq_xyz