First week of buybacks in the books
- 2.5m DAM purchased ($26k)
- Metrics page and Dune dashboard launched for tracking
More protocol economic value continues to flow to DAM.
The revenue is scaling, the purchases are increasing, and the new products are coming.
Choose Reservoir.
@katexbt - true protocols standing high regardless of market conditions/outcomes (reservoir)
- prioritizing users safety with general adoption and reliability (reservoir)
Good tweet and a good reminder we've been battle tested many times.
- Consistently processed all redemptions 1:1
- No protocol delays or downtime
- No direct or indirect exposures to levered collateral or "black box" assets
- No depegs
Reservoir is still here offering users high quality yields and cheap borrow rates.
Choose Reservoir.
when the yields gets thinner, we look for alternative and in this case we feather our way there
with @Featherlend low stable borrow rates and wsrUSD's high 5% lending rate we have a 20% net APY opportunity on our hands (sips coffee)
$5M available to borrow on Sei, still icks me how this much $$$ is left unlooped
wsrUSD is the yield-bearing asset on @reservoir_xyz, which has been around for a while.
I check wsrUSD backing and it is looking good, there's nothing very high risk there in my opinion.
You can see it as well below:
it makes sense why stablecoin tvl keeps rising even though yield rates may remain constant or rise/drop a little
even before the birth of defi, stable yield returns has been the default go to for big money to keep appreciating with time.
bears or bull, defi yields remain reliable l.