deliw.eth

Technology enjoyer, HR professional
Blockchain technology and AI will be this century revolution

[deliw.eth @LudovicAhL]

@NVIDIAGeForce #007FirstLightRTX Let's go!

[deliw.eth @LudovicAhL]

@OpenAIDevs Here's mine!

[deliw.eth @LudovicAhL]

deliw

[Rebind - Global euro account @getrebind]

🚨 #RebindFriday
round 1 just closed. winners drop Monday.
round 2 is open: 500€ into a Rebind user's savings, earning 5% from the second it lands.

quote-RT with your verified Rebind username to enter.

rules 👇

[Rebind - Global euro account @getrebind]

🚨 #RebindFriday
round 1 just closed. winners drop Monday.
round 2 is open: 500€ into a Rebind user's savings, earning 5% from the second it lands.

quote-RT with your verified Rebind username to enter.

rules 👇

[deliw.eth @LudovicAhL]

@getrebind @monerium @gnosispay Deliw

[Rebind - Global euro account @getrebind]

🚨 We kick-off #RebindFriday

500€ dropped into Rebind user's savings every Friday.
To enter: Quote-RT with your Rebind username.

Must be verified or have @monerium and/or @gnosispay connected.

[deliw.eth @LudovicAhL]

@BleapApp Ah and I'm also a Gnosis pay user with Monerium/Zeal so I'd be interested to check your offer

[deliw.eth @LudovicAhL]

@BleapApp I'm based in EU and have started building content with openclaw using different models and with some limited models ran locally. What's next?

[deliw.eth @LudovicAhL]

@andyyy Shouldn't expenses be considered in this revenue meta?

[deliw.eth @LudovicAhL]

@DefiIgnas Not working with Tron though

[deliw.eth @LudovicAhL]

@DefiIgnas May be worth checking https://t.co/A4pID98Esd.
There are positive comments by quite a few founders.

[letsgetonchain @letsgetonchain]

my two cents on the jup kamino TL

kamino is loosing market share to @jup_lend at rapid speed, see every day expanding blue colour below

kamino as a result blocked its own users from switching to jup lend which offers much better risk adjusted conditions to its lenders/borrowers due to better tech

users can in theory still switch from kamino to jup lend but the blockage imposes a massive exiting cost for users.

not only did that highlight that kamino is the antithesis of open composable finance but it also highlighted that kamino can push arbitrary changes without notice to users.

at this point i am unsure how kamino can even be categorized as "defi".

its not composable and it does not offer any settlement assurances besides the promise of the team to not update the protocol tomorrow to seize all user assets.

people are outraged by this so in desperation they tried to fight back by picking up some communication from jup lend team that if looked at in isolation might sound misleading.

i did not follow solana defi much until fluid deployed there, do i did not know @kashdhanda . From what i have seen is that he is one of the most talented marketers / communicators within all of crypto.

so the accusation is that he used the words he used "isolated vaults" and "risk contagion", to strictly imply no rehypothecation.

The reality is that jup lend offers the ability to manage risk on an isolated two asset vault bases thereby having better control on managing possible contagion while running on a pooled model.

This means it can set LTVs, liquidation thresholds, borrow caps etc. on a a two asset isolated vault basis rather than at the pool level.

This imo is best of both worlds, you get the capital efficiency from a pooled model while you have some risk management abilities of a modular lending protocol.

Anyway this is besides the point, the allegation from kamino is that somehow kash did not communicate this clearly in one video and did so on purpose.

1) this is based on one tweet / video out of 100s of tweets / community calls since the launch of jup lend, highlighting that this was more of an unfortunate miscommunication rather than an intended strategy.

2) from a marketer perspective mixing the exact nuance here is very simple, by managing risk on a vault basis one does "contain risk" and manage things in "isolation", so mixing these thing up slightly is not surprising. aave the market leader calls this kind of risk management "isolation mode" while this does not imply no rehypothecatoin, for reference.

3) fluid's money market on evm is well understood and widely used and loved. The jup lend protocol is a 1:1 port of fluid's evm deployment, which has been communicated a million times. it is widely known that fluid uses a pooled model.

4) as soon as you use jup lend you know that it runs a pooled model that rehypothecates your collateral, how else can you have an apy on your collateral asset?

5) if jup lend was using an escrow model where user collateral was sitting idle, it would be the main focus of communication since it would be very contrarian to the rest of defi money markets. all biggest lending protocols use rehypothecation this is the status quo. i dont think more than 5% of defi borrow capital sits in escrow.

tldr kamino is gas lighting on some next level here. whats worse is that the gas lighting is obvious to pretty much everyone, just look at above market share trend.

their strategy here is deeply into retardio territory

send it to zero

[deliw.eth @LudovicAhL]

@y2kappa You're basically acting like a bank before a bank run.
"We are doing it to protect you"
Pure centralisation😅

[deliw.eth @LudovicAhL]

@ValidatorEth @freedomfactory Deliw.eth

[deliw.eth @LudovicAhL]

@ValidatorEth @freedomfactory @base Deliw.eth !

[deliw.eth @LudovicAhL]

@ValidatorEth @freedomfactory @base Deliw.eth !

[deliw.eth @LudovicAhL]

@koeppelmann @aboutcircles Hello, I'd like to become a backer too https://t.co/iXtHsoRlJK

[deliw.eth @LudovicAhL]

@ValidatorEth @freedomfactory @ensdomains @base Deliw.eth

[deliw.eth @LudovicAhL]

@0xBibew @PendleIntern I'm pretty sure that buying YT is longing yield. Therefore, if you sell now and yield goes up and you buy back you lose money.

[deliw.eth @LudovicAhL]

@Paul_Theway @grok Entre @paul_theway et @BoubouSGC , qui est l'escroc ?