@ImperiumPaper Yes you can buy principal tokens at a discount to lock in a fixed yield on @pendle_fi. Maturities vary, pTokens liquid and some can be used as collateral in lending protocols.
@Aarondklein@austincampbell@faryarshirzad@greg_ip You did just say it. And the GENIUS Act does address this. The stablecoin regulator can force issuers to diversify their reserves across many banks. It’s obvious you are being purposefully obtuse. Have a nice day.
@ETHbenezer@econoar It’s the deep liquidity, ie hyperliquid. Which is why lighter having no fees is clearly bullshit. You can’t attract liquidity without paying liquidity providers.
@twittle46402935@narayanarjun@StevenGlinert@grok Dust East India company paid 17% annual dividends for 200 years. The present value (in 1607) of that perpetuity is probably larger than the spacex valuation tbh.
@Convertbond Of all the critiques of passive investing, no one ever suggested that an IPO could be so big it would force indexers to be price insensitive buyers of it. Nobody even foresaw such a hack, cuz it was inconceivable that an IPO would get large enough for this to be a problem. Alas
@ImperiumPaper Oh yea they printed a bunch of continentals, but so did the British. I think people like to blame the continental congress for overspending and overlook the effect of British counterfeiting. They had much better printing tech too.
@DCinvestor The only way out is slightly negative real interest rates for several decades. After the economy reflates, tax receipts will increase and they’ll be able to make real rates positive again, but if they ever make them too negative confidence vanishes and the bond market crashes
@bjnpck@Ikebillion_@LiquityProtocol it's an interesting protocol for sure. URL for that dashboard?
Are there any incentives to provide liquidity in BOLD/USDC? Would be interesting to see the breakdown of how much BOLD is in stability pools, how much is in LPs, and how much is just held.