wsford

CEO of @yieldpointcap. Rugged Individualist.

[YieldPoint @YieldPointCap]

yUTY's yield is now tradable on @pendle_fi and loopable on @eulerfinance, on @base.

Pendle opens the next 11 weeks at 11% implied. Euler lends USDC against yUTY at 5.5% to 8%.

Season 2: 5x points on YT notional, 8x on LP for 30 days.

Need more capacity than the pools show? DM us or reach out on Discord (https://t.co/lmu7XCpH3T).

New Options:
Long the yield (YT): collect yUTY's yield and 5x points on full notional until 17 Dec, less Pendle's 5%. Before points, it pays if yUTY averages above the implied rate you pay. Worth zero at maturity.
https://t.co/Lag5Suh4sl

Rate set at entry (PT): buy below 1 UTY, redeem 1 UTY worth of yUTY per PT at maturity. The price you pay sets your rate. No points. PT absorbs any drop in yUTY's value.
https://t.co/sEjj73IWo2

Make the market (LP): PT and yUTY yield, 20% of swap fees, PENDLE rewards, and 8x points for 30 days, then 4x.
https://t.co/ZAItcOon74

Carry (Euler, curated by @jpegtrading): borrow USDC against yUTY at a variable rate, 5.5% at 0% utilization to 8% at the 95.5% kink, 10% max. Loop up to 3.3x with Multiply. 70% max LTV, liquidation at 90%. yUTY is priced at its exchange rate and UTY by a RedStone fundamental feed, so a secondary-market depeg alone will not liquidate you. Posted yUTY keeps its yield and 1x points.
https://t.co/6ERyczrUD0

Lend (Euler): supply USDC, earn what the loopers pay, plus 3x points.
https://t.co/3yIjZKNrdx

No price bet: hold UTY (dollar-pegged, not yield-bearing) for 8x points at https://t.co/Krmt1BOnpP.

Exits: Pendle pays out in yUTY. yUTY to UTY is instant; UTY to USDC takes 7 days.

Season 2: UTY 8x, YT 5x on notional, Pendle LP 4x (8x for the first 30 days), Euler USDC 3x, yUTY 1x, PT none. Pendle multipliers will not be cut before 17 Dec.

These strategies carry smart contract, market and liquidation risk. yUTY distributions vary and are not guaranteed, and past distributions do not predict future ones.

[Jerry Thornton @jerrythornton]

“Jesus wept.”

There is not a strong enough word to describe this level of heartbreak.

[Sharyl Attkisson 🕵️‍♂️💼🥋 @SharylAttkisson]

I remember this.

[wsford @wsford]

I mean....wake up.

[Adam Carolla @adamcarolla]

True

[Piers Morgan @piersmorgan]

Obama did ban Fox, and waged almost constant war against press freedom. You should so this one out, President @BarackObama .

[wsford @wsford]

@gehrig38 Don’t let the loud minority speak for the silent majority. Boston remembers!

[wsford @wsford]

@jackunheard Reason number 5,673.

[wsford @wsford]

@TRHLofficial Saw it coming 5 years ago. Got out. Thank God.

[Will Chamberlain @willchamberlain]

Incredible piece of journalism from @60Minutes. Watch the whole thing.

[wsford @wsford]

Don’t always agree with everything @billmaher says, but he is reasonable and always willing to debate with anyone respectfully…and adjust his opinions when warranted. This is great. Facts.

[Bill Maher @billmaher]

The prevailing view of so much of the young left in America is that we’re the worst country ever, so if someone attacks us, they can’t be all bad.

[wsford @wsford]

@nic_carter @Francin28577060 And a Rep who laughs along with the mayor while they read the names of the fallen.

[wsford @wsford]

@IOHK_Charles It’s the same playbook every time.

[Wesley Hunt @WesleyHuntTX]

This level of disrespect is incomprehensible.

As the names of Americans murdered on September 11th are read aloud at Ground Zero, AOC and Mamdani are laughing and smiling together.

There is a time and a place for politics. This isn’t it.

Ground Zero is sacred ground.

Those names belong to fathers, mothers, sons, daughters, firefighters, cops, and innocent Americans who went to work one morning and never came home.

For a few hours, on one day, have some damn respect.

September 11th is not a photo op.
It is not a networking event.

It is a funeral America has attended for 25 years.

[wsford @wsford]

@RichEisenShow He humanized this great game and exuded such joy for the sport that anyone who listened to him or watched him could not help but smile.

[Treasury Secretary Scott Bessent @SecScottBessent]

In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.

What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.

To reiterate: under @POTUS, the United States delivers for America’s trusted partners.

For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.

[YieldPoint @YieldPointCap]

Another step higher.

11.5% APY on yUTY this week 📈

[Adam Carolla @adamcarolla]

Perfect

[wsford @wsford]

@RandyRRQuaid It was all a scam.

[Collin Rugg @CollinRugg]

The father of the 10-year-old boy who was saved by lifeguard Ryder Williams in Santa Cruz says his son was seconds from dying.

Sumit Rai says his son, Nathaniel, lost consciousness during the incident & says his daughter is traumatized after witnessing what happened.

"Ryder's only 16 years old himself. He's a teenager and for him to take that kind of leadership and go out and have that type of courage and bravery to go out and save someone else's life is remarkable, and I cannot thank him enough," Rai said.

"We got lucky that he didn't die, but this outcome could've been very different. I am incredibly and extraordinarily grateful to the lifeguard. He's the only reason that my son is alive."

[YieldPoint @YieldPointCap]

A few highlights from @TheTieIO's Out East Summit last week.

Great conversations, great people, and an exciting few days with leaders across institutional digital assets!