1) @iearnfinance TVL crossed $3B. This is a big milestone. It grounds Yearn's 1st place in the competition between yield aggregators - amazing achievement taking into account that it's the only protocol which doesn't incentivize TVL by issuance of its native token $YFI.
@Cryptoyieldinfo It’s all about liquidity at the end of the day
Matic has Aave backing
BSC obvious
Avax and xdai I don’t know where they get the money in from. Having a good bridge is key
If you liked Salmonella you're gonna love this
Last night someone used an *extremely* clever mechanism to take a hundred ETH from sandwich bots
Then a 2nd person jumped in and made 300 MORE ETH by exploiting other sandwich bots
Long thread on how 👇🏻
Seeing the utter mess that is Fei makes me respect what the guys at Frax are doing even more now.
Algo-stables is probably the hardest sauce to get right in DeFi and not only has $FRAX maintained its pegged, but is coming out with new AMOs every week.
Execution > Flashy Raises
DP's FRAX experiment lasted less than a week.
$GAIA now at 0, all liquidity gone. $USDF peg is permanently broken.
You can fork a project, but it doesn't mean you understand the mechanics of it.
https://t.co/ZrpPvHKbKW is the top project for MATIC right now.
L2 DEX with single sided liquidity
A bundle of stable coins to use in the DEX
God level devs
APY of 1000% plus 10 mil MC