Current 3 protocols I'm using (or going to use) for stable farming:
- @RenzoFinance: basis yield on several pairs, high apr but relatively lower size as the protocol is growing (will allocate more in the future). Bullish $REZ especially after their @Maven11Capital call last week.
- @dreaming: need to start with it, promising options protocol.
- @metricxyz: This one I'll start today. I believe it's going to be in the same category as $LIT / $VAR in terms of rewards.
You essentially want to start using a new primitive in general, not just another copycat unless its a huge name. Metric is basically Uniswap 2.0 and after using Uniswap early in 2019-20 (and getting a fat airdrop), I think this is the Morpho to Aave in terms of AMMs.
Think the strategy here is depositing in LPs or just swapping in general (ditching Uniswap). My friend @s0lv33 made a dashboard for it: https://t.co/q1Lk1ZClXg
If you decide to use it:
Reflink https://t.co/cS7q2XemfB
(it will benefit you a lot. More details next week)
Opportunity:
We are looking for a video editor who can regularly help us create explanatory content about projects we are interested in
Are you an experienced video editor or do you know anyone who is, please reach out in DMs
This is one of the product releases you glance over and don't take seriously but you should. Earn+ will be one of the killer features for Ethena Pay that is almost impossible to compete with for dollar savings at scale.
I'd hope I'm within the top ~5% of DeFi power users, but I don't even spend the time and energy to optimize DeFi loops across multiple chains and lending markets which requires 24/7 attention.
This is a one-click access point to optimized levered USDe rewards with the capability to operate cross chain from a single vault with no management of debt positions required at all.
This is the highest unincentivized reward rate on dollars at multi-billion scale with a simple one-click user experience that has averaged ~10-15% APY even during the bear market, and much higher in the bull market.
Available exclusively on Ethena Pay 🌍.
Yeah if you didn't get it yet: time for you to switch to @EthenaPay as soon as it's available in your place.
Banks are a pain in the ass to deal with, Neobanks are the future + way better customer support.
12% is insane, I normally wouldn't trust that high APY unless it's from a toptier team. GG $ENA.
Introducing Earn+: 12% rewards on your dollars in a single tap.
Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.
As promised, my bullish take on @renzoAI $REZ
Powered by @epochbiz: a thesis about onchain structured products
Give it a read, it's worth it https://t.co/dRMMvkggt1
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.
HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
$51M in equity basis making all-weather 12.6% APY
I haven't seen anything this bullish for $ENA since Arthur Hayes told us he sold
50B USDe circulating supply here we go
This week taking a different path by creating video content explaining what I farm and how exactly. Should be good educational content.
Featuring @RenzoFinance and @metricxyz
Bought a lot more $ENA yesterday. Met several teams in Singapore and the only one that cared and understood what they were doing is Ethena. Rest was dogshit.