Sergio Yuhjtman

[Sergio Yuhjtman @Syuhjtman]

@alexfertel @Uniswap @ethereum @Balancer @CoWSwap @SorellaLabs @1inch @ethereumfndn @class_lambda @0xProject @0xProject as well, let's solve this...

[Sergio Yuhjtman @Syuhjtman]

Profit versus Rebalancing?

🧵1/4

During 2025, an LP position in @Uniswap V2’s USDC/ETH pool (on @Ethereum) outperformed an ideal Rebalancing position by 4%.

[Sergio Yuhjtman @Syuhjtman]

@Uniswap @ethereum 🧵4

• The substantial surplus is now under centralized control.
We need a truly decentralized exchange on Ethereum.
@Balancer @CoWSwap @SorellaLabs @1inch @ethereumfndn @class_lambda

For more insights, see the article: https://t.co/7OkcoGplMt

[Sergio Yuhjtman @Syuhjtman]

@Uniswap @ethereum *RIP Profit-vs-Rebalancing*
🧵3

What I find remarkable here:
• The near-term evolution of these quantities is easy to estimate.
• LP position ≈ Rebalancing, since protocol fees were activated.
...

[Sergio Yuhjtman @Syuhjtman]

@_Dave__White_ https://t.co/HSuq1obeRQ
I especially recommend the first edition

[Sebastian Fernandez @snfernandez]

The most interesting thing I saw this week was Yoink fixing the gas on a failed backrun tx for Alkemi ($20k) and then building its own block with *just* the attack *only* paying a 10% bribe to the validator.

This is surprising because a gas-fix is something trivial so 10% is a low bribe given the competition.
I think Yoink either has very sharp calculations around bribes (likely) or preferential treatment from the MEV Relay.

I know that, at least, c0feebabe would do the gas-fix and pay a high enough bribe. The only question is if the block builders wouldn't pass these bribes to the validator and that being the reason Yoink won with his own block building.

[Sergio Yuhjtman @Syuhjtman]

@rel_zeta_tech Do you think it's impossible to scale the number of logical qubits? Any particular insights?

[Sergio Yuhjtman @Syuhjtman]

@Balancer This opens up new possibilities for DeFi composability. Stable LP tokens can now be safely used as collateral, unlocking capital efficiency across protocols.

Want the technical details? Read the full article 👇
https://t.co/UMiy0aPihM

Interested in this topic? Reach out to me!

[Sergio Yuhjtman @Syuhjtman]

At @Balancer, we solved a problem in DeFi: how to safely use Stable LP tokens as collateral in lending protocols.

Balancer stable pools hold ~$300M. Using them as collateral requires tracking their price carefully to prevent manipulation.

🧵

[Sergio Yuhjtman @Syuhjtman]

@Balancer Our smart contract team implemented this solution smoothly.

Bonus: we introduce an alternative method that may also be considered by lending protocols for a wide variety of use cases. It consists of using certain upper and lower prices that can be computed very efficiently.

[Sergio Yuhjtman @Syuhjtman]

@jesus_chitty @DuneAnalytics or details for a specific block
https://t.co/q5D5NY5mde

[Sergio Yuhjtman @Syuhjtman]

@jesus_chitty @DuneAnalytics Related to this:
https://t.co/N5woFAbYk2

[Fábio @mendesfabio]

Since COW reCLAMM launched on Base, Balancer has been dominating its volume. It's impressive to see readjusting concentrated liquidity in action!

[Sergio Yuhjtman @Syuhjtman]

@iamswastik23 The pool behavior depends only on the evolution of the pool itself. The video here may be enlightening
https://t.co/qew9azyLzC

[Balancer @Balancer]

The gradual glide means that instead of atomic jumps that create MEV opportunities, reCLAMMs smoothly transition virtual balances over time

This eliminates the buy-high-sell-low problem that kills most LP strategies

[Sergio Yuhjtman @Syuhjtman]

1/ @Balancer recently launched ReCLAMM: "Readjusting Concentrated Liquidity AMM."
This approach to concentrated liquidity is *price agnostic* in a way comparable to a traditional constant product AMM (CP-AMM).

[Sergio Yuhjtman @Syuhjtman]

@iamswastik23 No oracles, AMM self-perception only.

Exactly, we cannot know anything in advance. We can, however, make educated guesses based on the recent past and our intuition about both the future behavior of the assets and the flow the pool is likely to receive.

[Sergio Yuhjtman @Syuhjtman]

@iamswastik23 yes, with gradual repositioning