Phil Mercadante

Lawyer at @Ketsal
Still trying to learn solidity

[Phil Mercadante @PMDante_]

@mcchadald @crypto_condom Yes, I think depends on the purpose of the bribe. Frax bribes may increase because they benefit directly through their AMO and owning most of their pool.

But for others just looking to incentivize some liquidity, they may be happy getting a bit more for the same $ investment.

[Phil Mercadante @PMDante_]

@mcchadald @crypto_condom Agree https://t.co/wlwkVE2Cwt

[Phil Mercadante @PMDante_]

$LUNA / $UST has been a consistent player on @Votium / @ConvexFinance, contributing $3-6 million each epoch since mid-January 2022 (~20-35% of total incentives).

It ain't over till its over, but if this unravels completely it will be a big hit to $CVX bribe APY

[Phil Mercadante @PMDante_]

@TokenReactor Deployer/Manager addresses just withdrew 173mm $UST and 2.3mm $3Crv from the @CurveFinance pool. Same minute as UST bounced off $0.23 on Binance

https://t.co/Y966M3IekL

[Phil Mercadante @PMDante_]

Man these are brutal https://t.co/QA0qj9AC76

[Curve Whale Watching @CurveSwaps]

🚀Swap 1,000,000 $UST to 293,741 $USDT ($860,063)
LP & veCRV Holder Fee: $344.03
💰Tx Hash: https://t.co/Hn4t9kyUvu 🦙🦙🦙

[Phil Mercadante @PMDante_]

(Looking at my own data, but credit to @0xAlunara for llama airforce data compilation too https://t.co/Fapqt0VqpW)

[Phil Mercadante @PMDante_]

$LUNA / $UST has been a consistent player on @Votium / @ConvexFinance, contributing $3-6 million each epoch since mid-January 2022 (~20-35% of total incentives).

It ain't over till its over, but if this unravels completely it will be a big hit to $CVX bribe APY

[Phil Mercadante @PMDante_]

@CurveCap @DefiMoon @JagerMario No screenshot, you'll have to take his word for it: https://t.co/tJym5IeFCf

[Curve Finance @CurveFinance]

> Daily volume: $4,240,752,017

1 week of drama squeezed into a couple of days?

[Phil Mercadante @PMDante_]

Hmm, did not last long. Still almost 1 cent premium on Binance

[Phil Mercadante @PMDante_]

Any thoughts on $UST price difference on @binance for a short while? ~1 penny premium on Binance

[Phil Mercadante @PMDante_]

About to post the above then watched price on Binance gap down to match the other venues:

[0xngmi @0xngmi]

what people miss is that what's interesting about crypto is that you can choose where you want to be in the control/comfyness curve:

- own node for max privacy
- infura with metamask
- custodial wallet like coinbase

with tradfi you cant, you must have a custodial bank account

[Curve Finance @CurveFinance]

A surprising simulation by @nagakingg shows that if 3pool fees are reduced to 1 bps, although 3pool earnings may decrease, the total DAO earnings will increase due to metapools being more efficient

https://t.co/e6Shzz7Wb6

[Phil Mercadante @PMDante_]

@SillyPunts @jonezee @GMX_IO @dopex_io Related: https://t.co/UAJHM7GWfd

[Curve Whale Watching @CurveSwaps]

🚀Swap 54,833 $ETH to 54,734 $stETH ($152,745,216)
LP & veCRV Holder Fee: $61,098
💰Tx Hash: https://t.co/YbbXWnvZes 🦙🦙🦙

[Phil Mercadante @PMDante_]

@SillyPunts @jonezee @GMX_IO @dopex_io Trading venues for stETH and rETH (Curve's pools) could also see good activity and volume if people want to hold those assets by just buying at market rather than staking their ETH

[Phil Mercadante @PMDante_]

Early, but still a lot of interesting stablecoin adjacent news
https://t.co/ToD5pU6buC

[db @tier10k]

In addition to its corporate strategic investment and role as a primary asset manager of USDC cash reserves, BlackRock has entered into a broader strategic partnership with Circle, which includes exploring capital market applications for USDC.

👀

[Phil Mercadante @PMDante_]

https://t.co/BZw0S1OklF

[Phil Mercadante @PMDante_]

@CurveSwaps Looks like the 617,707 is actually 3CRV not DAI.

[Phil Mercadante @PMDante_]

@0xSEM @ConvexFinance @TheTNetwork For example, there have been meaningfull SPELL rewards on bribe.crv for months but no one votes for the MIM pool on Votium even if the marginal vote would yield more for vlCVX that way.

[Phil Mercadante @PMDante_]

@0xSEM @ConvexFinance @TheTNetwork They should flow back to vlCVX holders, but I think unlikely to directly incentive allocation of vlCVX gauge votes because voters on the snapshot (and the Votium delegation).