Alexis Bercher

#Bitcoin

[Spectra @spectra_finance]

https://t.co/CQ0tCDK5Qj

[f(x) Protocol @protocol_fx]

$161m locked in f(x) Protocol.

138% increase in 6 weeks.

The equivalent of 81,732 ETH, just 14% of the ATH.

While the rest of the market settles in dollars that can be frozen, f(x) users hold fxUSD that can't.

Flight to low-risk DeFi is real.

[f(x) Protocol @protocol_fx]

fxUSD crossed $58m issued.

$1 through DeFi exploits.
$1 through flash crashes.
$1 through the depeg cascades that took down half the synthetic stables.

Here's how it holds. And how it pays. 🧵

[Gaspard Peduzzi | Spectra @GaspardPeduzzi]

I am very excited about where things are headed for Spectra. A few things I want to share, in no particular order:

- The value proposition of MetaVaults is working. We are seeing curators source liquidity and incentive packages for their MV deployments independent of Spectra's internal BD efforts. Any founder or BD person will understand how impactful it is to have an independent party capable of sourcing liquidity without a single call or text message.

- The second MV value proposition: liquidity rollovers, the biggest pain point of fixed-term markets. Smaller-scale rollovers have already executed with zero friction to liquidity providers. The model holds so far, and a significant pool expiry next month will be its first test at scale.

Both of these dynamics remain somewhat masked by market turbulence, but the early signs are evident.

- The team has been developing MetaVault V2, and recently completed an important audit with @Certora covering the key components ahead of the Order Book implementation and a strategic non-EVM deployment. The report is due any day now.

I'll say it plainly: MetaVaults V2 is the most capable and flexible vault framework on the market. Combined with the team's years of PT/YT infrastructure expertise, this puts MV V2 well ahead of any comparable offering.

I will be presenting MV V2 to curators and funds next week during my stay in NYC, centered around the Vault Summit event at NYSE headquarters.

- Spectra protocol activity is very vibrant, and Spectra is now the #1 yield trading venue for XRP Finance on EVM. Anyone can monitor and verify the ongoing activity at activity.spectra. finance (more data depth on the pool pages in the App).

While I'm here, I also want to reiterate that a tokenomic upgrade for the SPECTRA token remains planned. Since our Q1 update, the thinking has developed alongside the protocol's growth, and we'll bring the detail to the governance forum for discussion.

I appreciate everyone's support

[f(x) Protocol @protocol_fx]

Everyone chases the loudest yield. The safest one might be the one paying 12%+ on stables.

fxSAVE LP on @pendle_fi is now paying over 12% APY.

No leverage loop. No points meta. Just a clean Pendle yield market for people who want to park stables and get paid.

[f(x) Protocol @protocol_fx]

fxSAVE is the #2 highest stablecoin yield on Stable Yields right now.

7.10% APY. $50.3M TVL. Auto-compounding.

Sustainable yield from protocol revenue, not emissions.

Deposit USDC and start earning yield on your stablecoins.
https://t.co/InhhAWUAlj

[Spectra @spectra_finance]

New heights for Yield Token activity on Spectra @FlareNetworks.

Yield Tokens are accessible to anyone on the open market and used by traders to amplify exposure to yield and rewards associated with a yield-bearing token.

Discover ↓

[f(x) Protocol @protocol_fx]

First private stablecoin mint in DeFi history just happened.

Borrow without surveillance. This was supposed to be impossible.

$fxUSD is the first stablecoin you can borrow privately on @ethereum. Ever.

[f(x) Protocol @protocol_fx]

fxSAVE just hit #2 on the trending yield tokens list.

@stablewatchHQ tracks every major yield product on Ethereum. They don't miss.

Deposit now to earn 7% organic APR:
https://t.co/jHYgEghNCk

[Ethereum Foundation @ethereumfndn]

0/ Clear signing is now live.

An open standard to end blind signing, making human-readable transactions default.

This effort brings a major UX and Security upgrade to transaction signing on Ethereum.

[f(x) Protocol @protocol_fx]

f(x) Protocol TVL just crossed $150M+ again.

People are parking capital into:
• fxUSD
• fxSAVE
• stress-free leverage products

$54M+ fxUSD supply and nearly $50M in fxSAVE alone.

The market is starting to realize:

Stress-free leverage and sustainable yield aren’t just narratives anymore.

They’re being adopted.

[f(x) Protocol @protocol_fx]

6 months.

0.000000% borrow rate paid by every fxUSD minter.

Here's the math ↓

[BMNR Bullz @BMNRBullz]

🚨 TOM LEE: “ETHEREUM’S CHEAP.”
At $2,300,

ETH is trading well below where the math says it should be. If $BTC hits $250K fair value, the ETH/BTC ratio puts ETH at $22,000.

🔹 Long-term avg ratio: 0.048
🔹 2021 high ratio: 0.087
🔹 Implied ETH: $22K
🔹 Crypto spring = ETH lags early, then rips

“If crypto winter has ended, by the end of this year we’re going to see some strong moves.”

The setup is here. Most just aren’t paying attention yet.

$ETH $BMNR

[f(x) Protocol @protocol_fx]

f(x) Protocol just crossed $125M in total TVL.

Today alone:
· fxUSD supply crossed $40M
· fxSAVE TVL crossed $40M

Real revenue. Real demand. Real growth.

Flight to low risk DeFi is real.

[f(x) Protocol @protocol_fx]

fxSAVE TVL just crossed $40M.

Over 3.9% APY. No token emissions. No off-chain wrappers.

Fees from fxUSD issuance. Yield from reserves. Compounded back into more stables.

Yield that comes from somewhere.

[BMNR Bullz @BMNRBullz]

🚨 ETHEREUM JUST HIT A NEW ATH IN TOKENIZED TREASURIES

Over $8 BILLION in tokenized U.S. Treasuries now live on Ethereum.

Nearly doubled in 6 months.

🔹 BlackRock BUIDL expanding
🔹 Stablecoins accelerating
🔹 Institutions moving onchain
🔹 Ethereum remains the settlement layer

And $ETH still sits below key resistance.

$ETH
Source @tokenterminal

[Spectra @spectra_finance]

Spectra is kicking off a security audit with @Certora

Scope covers core infrastructure ahead of upcoming releases.

Full details to be shared upon conclusion.

[f(x) Protocol @protocol_fx]

fxUSD supply just crossed $40M.

No t-bills. No bank deposits. No opaque boxes. Nothing to trust.

Just ETH and BTC, onchain, backing every dollar.

This is what decentralized stables look like.

[f(x) Protocol @protocol_fx]

Doubled in 30 days. Doubling again.

fxUSD is one slot from top 50 stables on Ethereum.

Mint against ETH. Hold. Earn 10% APR.
Link in next tweet.

[StrangeFi.eth (Spectra intern) @strangedotfi]

The total volume on Spectra is approaching $1 billion.