The ETH Yield-Machine
✅ 10% on ETH
✅ Grows BOLD supply
✅ Improves BOLD liquidity
✅ Pays bribes to LQTY stakers for 3 months❗
A new PIL initiative has been proposed to boost the new ETH carry vault on @ipor_io, which has quickly attracted $1.5M in TVL
Let's break it down
This protocol broke the utilization ceiling.
Most lending protocols have an invisible wall around 90% utilization; rates spike to force repayments.
@flexmeow doesn't do that. Users borrow stablecoins directly from other users at fixed rates. In fact @yearnfi is currently acting as the primary lender.
What I'm less sure about is scalability.
> At 100% utilization, thin spreads become a structural issue. If a new borrower is willing to pay more, an existing one gets redeemed.
> As higher-yield markets appear, lower-yield ones may die off. Borrow costs eventually exceed collateral yield, carry turns negative, and loops stop making sense.
There's a built-in selection pressure: only the most competitive markets survive. That might be fine, or it might gradually limit innovation.
I'm sure they've thought this through, so hopefully @johnnyonline_ can share more details.
Avant’s product experience has been refreshed across the landing page and dApp.
Same protocol, cleaner interface.
A refreshed experience across the surfaces users interact with most.
avUSD liquidity. Still earning.
Three Curve pools on Ethereum, paying stable yield on avUSD pairs:
🔹evaUSDC / avUSD — 8.98%
🔹OUSD / avUSD — 8.95%
🔹 frxUSD / avUSD — 9.17%
The book keeps working. So does your liquidity.
Cofounder who left 7 years ago in 2019 prior to DeFi Summer makes hyperbolic statement about DeFi security and everyone screams fire because we are not serious people.
@ParadiceBTC@csuwildcat@maraoz I’ll check some of these I’ve never heard of, but Kelp definitely wasn’t
I’m guessing you have no clue what you’re talking about, but just asked ai for a list of exploits