justin

janitor @AsymmetryFin @SunbeamMoney. formerly @SiloFinance @ShapeShift. macro enthusiast. go outside.

[justin @Macro_Justin]

@johnnyonline_ @yearnfi 👀

[Sunbeam 🍊 @SunbeamMoney]

Introducing Sunbeam 🍊 — The Bitcoin Savings Account.

Real BTC Yield: BTC in, BTC out

Reply ‘Sunbeam’ to register interest for Phase 1 — Limited spots available.

[justin @Macro_Justin]

@SunbeamMoney Sunbeam

[justin @Macro_Justin]

I've weighed in and put forward a few paths towards revenue sharing for $veASF and $ASF

If you're an ASF holder, please read up and get involved

https://t.co/IoIGW61ldp

[justin @Macro_Justin]

60 days of USDaf in the books.

TVL charts are up and to the right.

Interest rates are the lowest in DeFi.

Revenue is growing.

Marathon, not a sprint. Onward!

[justin @Macro_Justin]

@SunbeamBTC @asymmetryfin @yearnfi Sunbeam me

[justin @Macro_Justin]

The most important thing for BTC holders is to protect their stack, followed closely by growing it.

Soon you can do just that. But unlike the CeFi lenders of last cycle, this is real, onchain, verifiable, transparent, permissionless BTC yield.

Thanks to Sunbeam. Coming soon…

[Asymmetry @asymmetryfin]

Introducing @SunbeamBTC — The Bitcoin Savings Account

(fka the Secret BTC Yield Product)

Coming Soon — built with @yearnfi

More information in Today's AMA

[justin @Macro_Justin]

USDaf hits Day 50...

- Asymmetry Revenue - $0 -> $1.18m/yr
- Asymmetry TVL - $12.1m -> $40.05m
- USDaf TVL - $0 -> $21.5m
- sUSDaf (collab w/ @yearnfi) Yield - 13.44% APY Avg

USDaf & sUSDaf are live on Pendle, Euler, Curve, Convex, Uni, Balancer, and more

Onward!

[justin @Macro_Justin]

Nowhere else can you get nearly 30% APY on your stables with no leverage or gimmicks

Real yield powered by USDaf. Built in partnership with @yearnfi

[Asymmetry @asymmetryfin]

Uh oh. We've built a monster.

Real yield on Stablecoins. No gimmicks.

Powered by @yearnfi

[justin @Macro_Justin]

@asymmetryfin @yearnfi Actually absurd

[justin @Macro_Justin]

Best in class real yield on dollars. Paid in more dollars.

It's a battle-tested Yearn v3 vault under the hood wearing a pretty shade of royal blue.

21.8% APY this week.

14.9% APY over the last 30 days.

That's the tweet.

[Asymmetry @asymmetryfin]

Is sUSDaf the best Stablecoin yield in the market right now?

Numbers don’t lie: 21.8% this week. Real yield. Paid in kind.

Deposit USDaf & earn — It’s that simple:
https://t.co/9tALTcfutP

[justin @Macro_Justin]

@asymmetryfin Get the intern a raise

[justin @Macro_Justin]

@DAdvisoor @leviathan_news How's next week?

[justin @Macro_Justin]

USDaf continues to bring in sfrxUSD. Now the second largest holder on mainnet (and it's not particularly close)

Users are enjoying up to ~20% APR after accounting for borrowing costs, with no IL, slippage, or funny business

Just onchain, verifiable, real yield

[Asymmetry @asymmetryfin]

USDaf already holds over 14% of all @fraxfinance's sfrxUSD in circulation.

Why is USDaf so popular?

USDaf allows sfrxUSD holders to borrow against their stables from as little as 0.5% fixed rate, adjustable at any time

Better yet? 1-click Multiply is around the corner — Allowing Frax'ers to seamlessly loop their position for massive multi-digit % yield

[justin @Macro_Justin]

Looks like I've got to correct the machine... This math is way off. Asymmetry is not incentivizing anything close to this amount. (it's all on-chain too)

Just ~1% of ASF is slated for bribes over the next 12 months. Additional bribes come via USDC from farming revenue, not ASF.

It's an incredibly important & effective way to grow, with the latest bribe round at $2.5x efficiency per $1 spent

Now begins the rollout of opASF, a way to build productive POL and wean off emissions long-term.

All revenue paid to sUSDaf and USDaf SP depositors comes from interest revenue generated from borrowing.

Get your calculator checked, bot

[Stephen | DeFi Dojo @phtevenstrong]

2) Stability Pools

These effectively maintain the peg and liquidatibility of CDP assets accross defi. @LiquityProtocol and its associated forks are really leading this category, but there are some notable others as well.

► @protocol_fx fxSAVE 14%
► @felixprotocol feUSD 12%
► @asymmetryfin USDaf 17.15%
► @LiquityProtocol sBOLD 5%

[justin @Macro_Justin]

USDaf now holds 13% of all @fraxfinance's sfrxUSD in existence

USDaf now holds 7.6% of @LiquityProtocol's BOLD in existence

USDaf now holds 52% of all @yearnfi's yield-bearing ysyBOLD in existence

USDaf has been live for just 12 days

[justin @Macro_Justin]

@milesdeutscher More to come 🤝

[justin @Macro_Justin]

1 Week. $10m TVL.

USDaf is the best place to borrow against your BTC and yield-bearing stables while you set your own custom fixed interest rate

With the Curve LP still at ~38% APR and sUSDaf at ~14% APR... USDaf is just getting started

[justin @Macro_Justin]

@leviathan_news Legends. Awesome convo

[justin @Macro_Justin]

@asymmetryfin 40% APR still up for grabs on USDaf on Curve too. Market is speaking