TraFi is blighted by hidden costs and management fees, and sadly multiple DeFi aggregators are following the same path โ ๏ธ
1% management fee
== 10% perf fee on 10% APY
== cancels out your auto-compound benefits and exposes you to third party SC risks
Food for thought, right?
Make sure to have a look at fees before your next vault approval:
- Only agree to pay >10% perf fee for long tail/volatile assets auto-compounders or high-value, structured DeFi strategies that suit your risk-reward appetite.
- Watch out for entry/exit fees >.2% (consider it a steal when entry+exit fees are worth more than 5 days worth of yield)
- Avoid protocols charging fixed management fees regardless of perf. Protocols should be accountable for their strategies losses (often hiding behind alt. names such as @sommfinance's "Platform Fee").
Following @yearnfi's lead, we chose to null out management fees from protocol inception.
Stay safe and aware of hidden costs, anon ๐ซ
For DeFi to reach โcapital efficiencyโ and participants to best align, fees should all be adaptive.
Yield protocols should favor perf over management fees, DEXs swap fees should be volatility based, and liquidation fees to decrease with volumes.
Thanks @eulerfinance
Exciting news! We're currently collaborating with the @eulerfinance team on the audit of Euler v2.
๐ The Euler team is committed to ensuring that v2 is as robust as possible, and we're honored to be part of this journey!
As always, follow @Omniscia_sec for updates!
Pissed off by mload/mstore loops' inefficiencies in your assembly?
While securing/optimizing @AstrolabDAO with @Omniscia_sec, we've benchmarked EIP-5656's MCOPY.
This new opcode introduced in solidity 8.24 will slash gas costs and boost efficiency. [1/4]
Tired of high cost and inefficient airdrops? ๐ธ๐ช
With our MultiTransfer, drop your best coin on 2k+ wallets in a single tx.
Users shouldnโt have to spend holiday's money on claim gas, and protocols shouldn't be afraid to distribute their tokens to 10k+ users ๐
As we gear up to launch our next-gen aggregator, we've searched for a transparent point system, featuring on-chain distribution, but claim-free.
How would we dare optimize yield if we can't sort out a drop!? ๐ ๏ธ
Built on @optimizoor's feather-light #ERC20, MultiTransfer is our answer to scalable, cost-effective token distribution for
- Point systems (transferrable or not)
- Vanilla airdrops
- Reward distribution
It's cool and free to use, come try it or help optimize it further with us, anon ๐ฅท
https://t.co/tHNl1BfZ4J
#DeFi #Points toke
๐ก๏ธ Audit update ๐ก๏ธ
Huge thanks to @pashov's @PashovAuditGrp and diligent solo auditors for their deep dive into v1.1 audit! Special shoutout to @MaslarovK & @solthodox for the in-depth vault accounting analysis and ERC4626+7540 compliance checks.
Your efforts are invaluable, and help carve tomorrow's yield aggregation๐ซ
@Omniscia_sec is hard at work and should share their preliminary report with us by the end of the week.
Once all reported issues are patched, we'll be good to re-deploy and publicly open v1.1 ๐ฅท
Had a blast working side by side with @pashov's team, @MaslarovK and @solthodox.
I have been working with 5 top tier audit shops in web2/3, you guys are killing it.
Collab was smooth and very fair price-wise.
One more proof that expertise has nothing to do with age ๐
@paraswap's v6 aggregator is packed with optimizations.
Intent matching decentralization can greatly improve the engine resiliency and transparency.
We're proud to support Paraswap v6 out-of-the-box thanks to our built-in meta-aggregator ๐ง
You too can use it and navigate the ever expanding trading seas ๐
It's an open source SDK, check it out ๐
https://t.co/IF2Kbf5vti
Announcing Augustus V6 and the Dawn of Decentralized Intents
Today, we announce two major developments in the ParaSwap ecosystem:
1๏ธโฃ Augustus V6, the most optimized DeFi aggregator in the market
2๏ธโฃ @Portikus_ the Decentralized Intents Layer
Read through for more details ๐
๐ก Partnership Update ๐ก
We're excited to begin our audits for @AstrolabDAO, an innovative yield meta-aggregator powered by @LayerZero_Labs, @lifiprotocol and @1inch! ๐ซ
The Astrolab team has been dedicated to developing a superior yield aggregation model, and ensuring its security is our main goal.
Stay tuned with @Omniscia_sec for more updates! ๐
Special thanks to the solo auditors joining the hunt as part of our 2nd audit campaign @chrisdior777@MaslarovK@solthodox ๐
We are receiving many unsolicited code reviews and pre-audits, which ultimately will help us secure and optimize the protocol๐โก๏ธ
These efforts, along with the work of @hexens, @Omniscia_sec and @pashov are invaluable.
Let's see how far #FOSS and network effect takes us๐ซ
Today starts our 2nd audit campaign led by @pashov's sec team (@PashovAuditGrp) and @Omniscia_sec ๐
These audits target our new yield primitive - StrategyV5 and peripheral contracts (cf. https://t.co/kXOo9JaJ2N)
The team has been working hard these few months to bring a superior yield aggregation model to life, ensuring its security is our top priority๐
Our journey so far has been paved with challenges and growth.
Dive into our founder @jake_the_slug's insights on our progress and the developments ahead
๐ https://t.co/rIaCPGpO5d
2024 is shaping up to be our most eventful year yet ๐ฅท
Just listened to @VitalikButerin's talk at @ETHGlobal in Istanbul on Exit games for EVM Validiums: The return of Plasma
The @AstrolabFi team was listening intently...
What if I you could always swap at the best rate, whether on @1inch, @0xProject, @KyberSwap, @paraswap effortlessly from a single, unified interface? ๐
Meet Swapper, our cross-chain, minimalistic, DEX meta-aggregator SDK.
Stop caring about #slippage and access >90% of on-chain liquidity at every trade.
Swapper helps solve ons of DeFi's core scalability issue - block-time liquidity unification across pools, order books and RFQ/OTC platforms.
We wanted to wait for @EFDevconnect to release it, but could not wait!
Now open source, contributions welcome
๐ https://t.co/FPulAvJVlH