Rhett Shipp

CEO @avantprotocol

[Bojan @bjnpck]

Putting ETH to good use
Growing decentralized stables
Making moni.

[Rhett Shipp @RhettShipp]

The nimbys might make me bullish on decentralized inference

[Liquity @LiquityProtocol]

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

[Rhett Shipp @RhettShipp]

@torabyou 👏

[Rhett Shipp @RhettShipp]

@LukeYoungblood @MoonwellDeFi @ethereum 👏

[Jordi in Cryptoland @lordjorx]

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 @avantprotocol]

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.

[Rhett Shipp @RhettShipp]

@RobAnon 👏

[Avant @avantprotocol]

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.

[Rhett Shipp @RhettShipp]

@omgcorn @MerlinEgalite Plot twist, corn hasn’t pedaled in 20 years

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

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.

[Rhett Shipp @RhettShipp]

@TokenBrice 😂

[Rhett Shipp @RhettShipp]

@Alex4DeFi @smykjain Are you talking about the 2022 exploit?

[Rhett Shipp @RhettShipp]

@ParadiceBTC @csuwildcat @maraoz Loll Kelp had nothing to do with smart contracts, but this comment gives me everything I need to know

[Rhett Shipp @RhettShipp]

@hexonaut Agree. And calling out smart contract risk over opsec, key management etc was pretty miscalibrated

[Rhett Shipp @RhettShipp]

@RobAnon @maraoz Yeah, every major one has been opsec or key compromises

[Rhett Shipp @RhettShipp]

@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

[Rhett Shipp @RhettShipp]

@csuwildcat @ParadiceBTC @maraoz Name one. Lots of opsec and private key compromises. No smart contract exploits.

[Rhett Shipp @RhettShipp]

In 5 years, net ai job loss will be close to zero but GLP job loss will be significant

Fast food restaurants and candy makers not looking good