gm. looking for a solidity dev to build mariana with me, loss tranches on top of @Morpho and @HyperliquidX vaults
maths/economics of it is written up, backtest in progress, raising soon. if you’ve built vaults or anything related to lending, my dms are open.
First research note on Mariana just landed: four composable loss slices for on-chain yield, with the maths and worked numbers. Any feedback is welcome.
1/ Lending vaults give a DAO treasury and a levered trader the same rate and the same loss position, regardless of risk appetite. I wrote up an architecture for splitting on-chain yield into four composable loss slices, with the maths and worked numbers 🧵