We are live on @Plasma mainnet 🚀
A big step in our mission to unlock the best yield opportunities across the ecosystem.
Here is what’s new, what’s live, and what’s next:
🧵👇
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.
Hey! Thanks for the shoutout, we really appreciate it! 💙
Indeed, Enclabs was born on Sonic and we’ve expanded to Plasma with the same ambitions 😉
Regarding the APY spike on our USDT0 market, it’s due to the drama currently surrounding xUSD, which is listed on our protocol.
Some positions got a bit nervous and withdrew USDT0, which caused that APY spike (most of lendings with xUSD as collat are in the same situation)
On the other hand, others who believe the drama isn’t justified took the opportunity to re-supply 🙂
But as always, DYOR / NFA
Explore Yields opportunities on @stablewatchHQ
🔹https://t.co/JXBKccXnKr
Deposit and earn on Enclabs
USDT0: 20.5% total APY
(supply APY + boosted rewards via @merkl_xyz)
🔹https://t.co/Hucits8B2K