Infinite Visa issued in Puerto Rico (5% cashback, 0% FX fees, exclusive perks)
Have 2 @usemotocard invitations codes left
DM if you want access, high-value spenders prioritized
Thanks to @shimon_newman🫡
50 milly minted to some random wallet and started dumping
morpho markets likely to have some issue with debt as degens were able to buy cheap wstUSR and borrow USDC in fixed rate markets
meanwhile gauntlet bots rush to supply more to a broken market...
Resupply is now Officially Live! — It's time to make your stablecoins work harder for you!
You can now borrow $reUSD, a decentralized stablecoin backed by yield-bearing lending vault tokens. Visit our dAPP which is now live at: https://t.co/inLVU3Bk7P and start earning now!
1/5
Daily reminder that the main purpose of crypto is DeFi (including payments).
AI does not need crypto. Memes are fake. Web3 is not a thing: the real thing is Money2
🦄🦄🦄🦄
Uniswap v4 is here!!!
🦄🦄🦄🦄
Incredibly excited to launch the biggest, baddest version of the Uniswap protocol yet, after years of development
The headline features:
🪝 Hooks = a powerful developer platform with near unlimited customizability, leading to an explosion in use cases that feed into deep liquidity and network effects
⛽️ Cost = 99.99% lower cost to deploy pools, lower cost on ETH pairs (~15%) with native ETH support, and significant savings on split and multi-hop routes with the single contract architecture
v4 will serve as the liquidity infrastructure for Ethereum for years to come - I can't wait to see what our incredible developer community builds on top
And L2s are first class citizens - v4 has been deployed to 10 chains on day 1 @ethereum@Optimism@base@arbitrum@0xPolygon@zora@avax@BNBCHAIN@blast@worldcoin
LFG
🚀🚀🚀🚀
Testing a $1000 ETH -> USDT swap like 12hrs after launching v4
Our routing recommends a multihop swap ETH -> USDC -> USDT through two v4 pools with a combined tvl of $400k as the best price
Even compared to a single hop through the any of the v3 ETH/USDT pools with a combined $150m in TVL
The pure gas efficiency benefits are starting to show (native ETH + lower cost to multihop routes) and imo this will be one of the the biggest catalyst for v4 growth - lower gas cost = better price for swapers = more LP profits
Exciting times for AMM nerds
Ethereum Foundation Treasury Update
The Ethereum Foundation (@ethereumfndn) has set up a new @safe 3-of-5 multisig wallet.
The wallet address is 0x9fC3dc011b461664c835F2527fffb1169b3C213e
An op has been initiated to send 50,000 ETH there, but be patient; due to signing delays, this will take a few days to process (https://t.co/YyQiT4Yshw)
The EF will use this new wallet to participate in the DeFi ecosystem. We've made a testing tx on @aave. Stay tuned!
Also, @safe has proven safe and has a great user experience, and we will transfer more of our funds here over time!
#helloworldcomputer
My DeFi 2024 tool stack:
@Rabby_io for connectivity paired with a hw wallet operating a @safe (the golden trio)
Debank/@OctavFi for portfolio management
@BungeeExchange / CrossCurve for bridging
Defillama to swap
@CoWSwap to have limit orders and buy dips
@monerium to On/Offramp
@echodotxyz to invest
Just Use @aave to earn yield
@gnosispay to spend it
Aave DAO discusses ceasing operations on Polygon.
Reason: Polygon's proposal to use its $1B stablecoin reserves held in the bridge to farm in DeFi protocols like Morpho and Yearn.
If @marczeller proposal passes, LTV will set to 0% (basically shutting operations), freeze multiple asset reserves on Aave V3 Polygon, and even migrate governance from Polygon.
Such a L for Polygon.