Dane

Building @SHREDfi and sharing the work behind it: stablecoin yield, DeFi since 2021, AI x crypto experiments, and operator lessons.

[Dane @dancreee]

@dgt10011 Where does the yield farming frenzie come from? Organic yield sources would be dividends? real yield from AMM LP or lending on MM.

Or is it more that you are suggesting protocols will incentivise with their own token to win over where people deploy their tokenised stocks?

[Dane @dancreee]

I've struggled to post recently because DeFi feels different now

The excitement/chaos/velocity has cooled off

AI can explain most technical concepts better than a tweet of mine

Maybe the edge isn't just knowing things anymore

Maybe it's building, developing taste, and sharing the work as you go

Going to try do more of that

[Dane @dancreee]

@stacy_muur great piece covering the current RWA yield landscape

[Dane @dancreee]

Get a sport you are passionate/obsessive about and can compete in older age groups/clubs to work on alongside your work. A sport that will also give you a strong community. If you ever need to take a break from your work you can pour more energy into this.

Surfing (longboarding for community, shortboarders are dicks), Golf, Jujitsu - just a few good options

[Dane @dancreee]

@0xSpaydh Props to yourself and the Neutron team for the grit you've showed, relentlessly iterating on product and strategy behind the scenes. Was an honour to be a small part of it.

Wishing you the best on a successful wind down and the next venture!

[pashov @pashov]

🚨Ethereum Developers: you can now install your first AI Auditor in 1 minute - fully autonomous, available 24/7, with multiple sub-agent helpers. Open Source.

FREE to use (with your AI model) and already finding vulnerabilities in smart contracts. Link below🫡

[Dane @dancreee]

@pashov Love this - will definitely be using as part of my smart contract development workflow!

[Dane @dancreee]

@SHREDfi Some referral love

2CQQ6PKQ87
L68DVQ558T
856RYRDHHJ

[SHRED @SHREDfi]

The waitlist is back open for referrals & limited time only!

You must already be on the waitlist to invite friends.

What's in it for you:
- Refer 3 friends who join the waitlist & unlock a 2x points multiplier on your balance.
- If the waitlist crosses 25,000 total sign-ups, every original waitlister gets a 3x points multiplier.

All three referral codes must be redeemed to qualify for the 2x multiplier.

Already on the waitlist? Here's how to refer:
- Go to https://t.co/5eDeVXLrbZ
- Enter the exact X username and wallet address you used to sign up.
- Share your 3 referral codes with friends (post them on X, drop them in Telegram, DM them directly).

Got a referral code but not on the waitlist yet?
- Go to https://t.co/JemsEwsPp4
- Enter your referral code.
- Complete the form and submit. You're in!

⏳The waitlist closes in ~5 days.

[Dane @dancreee]

@SHREDfi some referral code love:

9XFBUDJ58E
P4FRWBJNE7
Z9J4EUPUUZ

[SHRED @SHREDfi]

Did you get on the waitlist?!

If not, you MIGHT have a brief chance again soon...

*Hint* You'll need help from a Shredder who is already on the list 🤝

[Pashov Audit Group @PashovAuditGrp]

New security audit report published, this one is for @SHREDfi🤝

3 days audit, this one has only Low severity issues, much cleaner than the average security review.

Read the report below👇
https://t.co/iqxCp06XRN

[Dane @dancreee]

Ohh you have to hover over the grouped network icons which then displays a tool tip with your wallet address!

(sends remaining funds in Metamask hot wallet to Rabby hot wallet)

[Dane @dancreee]

Today I spent 30 seconds in Metamask extension trying to find my wallet address.

Gave up and connectted to Hyperliquid, copied my wallet address from there.

[Dane @dancreee]

@0xvangrim_ big learning for me here is I can copy mermaid diagrams directly into excalidraw! nice

[Dane @dancreee]

Polymarket still split on if BTC is going up or down this from here, slightly favouring upside: https://t.co/hqaEmWm07m

[Dane @dancreee]

Still sitting about 60% in stables but gut is telling me it's time to start scaling back in.

Currently only hold BTC/HYPE but considering adding LIT, ZEC, XMR, maybe META.

Hesitant to enter back into ETH and SOL at this stage with them barely breaking their last cycle ATHs

[SHRED @SHREDfi]

SHRED Ambassador Program is now open!

We are looking for DeFi community builders & content creators who can help us grow through storytelling.

Selected ambassadors (aka Shredders) will receive a monthly payment with earnings that grow based on the value they create.

Apply below 👇

[Dane @dancreee]

It's still difficult to get crypto native exposure to RWAs like stocks and commodities.

I spent some time investigating today, starting with HIP-3 markets. I planned to open a long position on copper to hold for 6-12 months, as I'm seeing a lot of noise about it.

However, the carry cost in HIP-3 silver and copper markets is ~30-40% annualised funding, making mid- to long-term holds much harder to justify.

I looked for spot options without the same carry cost but found we're still mostly limited to gold (PAXG and XAUT). I didn't see any other strong tokenized equity or commodity options yet, just treasuries.

[Dane @dancreee]

I would really love to use these markets but the carry cost against equity/commodity perps are too high? Silver and Copper are around 30-40% annualized funding rate. Fine for short term speculation of highly volatile crypto assets but otherwise it's more rare to see short term moves that could make this carry cost worth it.

Gold is perhaps more acceptable at around 5-10% annualized funding rate, assuming that's because the funding rate can be arbed against RWAs like XUAT/PAXG. IMO you would still be better to hold those RWAs if you didn't want leverage exposure (not accounting for points farming).