>More liquidity on mainnet
>more liquidity comes to @llamalend and @CurveFinance / @ConvexFinance
>more people levering up stable LPs on @ResupplyFi
>more fees go to $RSUP stakers
>more competition and incentives needed for $reUSD LP depth on Convex
> $CVX lockers get heavily incentivized for their votes
Ya dig?
Had a great conversation with TP ICAP's Head of Digital Assets Broking.
His view is that one of the biggest opportunities in crypto is moving the global FX market onto stablecoin rails. If that happens, firms like GSR providing liquidity and brokers like TP ICAP providing institutional access will play an important role in connecting traditional finance with on-chain markets.
Had a great conversation with TP ICAP's Head of Digital Assets Broking.
His view is that one of the biggest opportunities in crypto is moving the global FX market onto stablecoin rails. If that happens, firms like GSR providing liquidity and brokers like TP ICAP providing institutional access will play an important role in connecting traditional finance with on-chain markets.
The first Llamalend V2 markets are now live on Ethereum:
sDOLA by @InverseFinance
sfrxUSD by @fraxfinance
Lend, borrow, or boost your yields → https://t.co/Bad9UrQpWW
scaling is coming
proposal #51 allocates part of YB fees to a strategic reserve for crvUSD stability
it is used only when needed through @merkl_xyz incentives
https://t.co/BQg43pCkVo
Introducing Llamalend v2
A new lending framework built around Curve liquidity
- Use Curve LP tokens as collateral
- Isolated market risk
- Improved range-based liquidations powered by LLAMMA
- Better market security
Launching first on Optimism.
https://t.co/9dG7NjBqLZ
🫡 To our Convex OGs and Veterans: you've been here since the beginning, and we haven't forgotten.
If you claimed an OG or Veteran role in our Discord server, 200 $CVX are headed your way. A small token of appreciation for your loyalty and continued belief in Convex Finance.
And this is just the beginning. More is coming for both Convex and @ResupplyFi. So stay tuned… and keep up the good fight!
$YB <-> $CRV Synergetic Value Connection:
9 of 10 @yieldbasis's swaps induce swap in @CurveFinance
The bigger is @yieldbasis TVL, the bigger are swaps in @CurveFinance $crvUSD pools, as predicted by @newmichwill in his original proposal
My 2cents.
1. Curve is a way to solve a problem.
When another protocol or idea comes up with a better solution, Curve should “die.”
DeFi is about problem solving (creativity +speed), not tribalism.