Mydas.eth

Blockchain & Digital Assets researcher @ MyDigitalAssets

[Mydas.eth @EthMydas]

@TheTradfiDegen Excellent post ser.

Filter out the volatility, focus on fundamentals - this is the gwei.

[Mydas.eth @EthMydas]

Excellent fundamental value analysis of $FXN @protocol_fx

The case for this severely under-priced asset gets stronger every week.

[The Tradfi Degen @TheTradfiDegen]

https://t.co/6wtnj40ogx

[Mydas.eth @EthMydas]

It's becoming clear that @yieldbasis is the catalyst that will supercharge the whole @CurveFinance ecosystem.

Volatile pools working hand in hand with stableswap pools. Love to see theory playing out in practice.

[Pangea @in_pangea]

We investigated how much volume YieldBasis generates for Curve.

We found:
- Every $1 traded on YieldBasis generates at least $1.089 volume on Curve
- >88% of this volume was due to crvUSD swaps
- YieldBasis has a disproportionate impact in increasing Curve’s market share

[Mydas.eth @EthMydas]

$fxUSD will grow to be one of the largest decentralised stablecoins in circulation. $1bn sooner than you think.

[Curve Finance @CurveFinance]

Top stablecoin swaps experience quite a diversity now, with @protocol_fx bubbling up.

Indeed, soon it might be not USDC/USDT duopoly but a more decentralized landscape

[Mydas.eth @EthMydas]

This is the most insanely underpriced TVL to Mcap ratio you will find $FXN @protocol_fx

[Mydas.eth @EthMydas]

@kmets_ @protocol_fx DeFiLlama ser https://t.co/w9ZAB55Bjt

[Mydas.eth @EthMydas]

Q3 fees and revenue going in the right direction @protocol_fx

[Kmets @kmets_]

Are you kidding me? We are on week 3 of GETTING PAID TO BORROW $crvUSD against $fxSAVE on @CurveFinance llamalend.

Deposit fxSAVE and borrow crvUSD here: https://t.co/fdEIxKMcWF

[Mydas.eth @EthMydas]

@kmets_ @CurveFinance Efficient market hypothesis in shambles

[Mydas.eth @EthMydas]

@yieldbasis invented advanced liquidity sucking technology.

[Mydas.eth @EthMydas]

@arqus @ResupplyFi Air fryer cameo appearance was a nice touch.

[arqus @arqus]

I want to be extremely rich, like no one ever was...

@ResupplyFi

[Mydas.eth @EthMydas]

USDC/fxUSD is the second highest volume pool on Curve.

Probably nothing...

[Mydas.eth @EthMydas]

@Tiza4ThePeople @SkyEcosystem @protocol_fx streams all wstETH yield to fxSAVE, making it the highest yield bearing stablecoin on the market.

[Mydas.eth @EthMydas]

Anime pfps started following me. Not sure if I should be elated or concerned...

[Mydas.eth @EthMydas]

@newmichwill Hippos got next.

[Mydas.eth @EthMydas]

What do you call this chart pattern?

[Mydas.eth @EthMydas]

@arqus @yieldbasis ye-ye-yield basis!

[Mydas.eth @EthMydas]

@thegranata10 @protocol_fx @aave My preferred option is aFXN from @0xconcentrator which is an autocompounding wrapper on @ConvexFinance cvxFXN.

[Mydas.eth @EthMydas]

@protocol_fx has 55,357 ETH earning 2.6% staking reward plus 0.12% on @aave - $6.27m p/a on top of trading fees.

Once fxUSD reaches $250m in circulation, 37.5% of this yield would be distributed as revenue to veFXN. Today that's $8.63 per token, but by then it will be much more!

[f(x) Protocol @protocol_fx]

More fees for veFXN 👀

FIP-17 is live: https://t.co/Xz29a8r2NN

Currently, 100% of wstETH staking yield from $ETH xPOSITIONs flows to the Stability Pool.

We propose a milestone-based redistribution as fxUSD scales:

✔️ At $250M issuance → 50% to Stability Pool / 50% to Treasury

• 75% of Treasury share → veFXN holders
• 25% → protocol reserves & ops

✔️ At $500M issuance → 100% to Treasury (same split as above)

We’re confident this proposal strengthens protocol economics by giving veFXN sustainable cash flows, while keeping $fxSAVE yields attractive for LPs.

Read more on the forum 👇 https://t.co/Xz29a8r2NN