desnake

pm @gearboxprotocol

[desnake @desnakeee]

Great reads by @0xPrince & @SilvioBusonero on how DeFi market structure shapes lending

1. Lenders expect instant liquidity
2. Borrowers don’t value duration
3. Duration doesn’t clear

Fixed rates need new users: lenders who will warehouse duration and borrowers who demand it

[Prince @0xPrince]

https://t.co/MKJEAyAQdy

[desnake @desnakeee]

@Pr0cessus0 @GearboxProtocol @CurveFinance @reserveprotocol @beefyfinance @ConvexFinance @kpk_io Actually soon. Which of them would you like to get?

[desnake @desnakeee]

@0xmikko_eth e.g. MEV, Stakehouse, Avantgarde, AlphaPing, and Gauntlet all have significant srUSD/USDC caps for a single (oracle, LTV, liquidation premium).

Vault structure incentivizes concentration of allocations and can nudge curators toward riskier decisions.

[desnake @desnakeee]

@0xmikko_eth One thing that’s always interested me: how come there’s only one risk parameters config for most collateral/debt pairs on a Vault-based lendings?

[desnake @desnakeee]

@PTomsky @invariantgroup @solettyy @StreamDefi Wen hcl-curated pools on Gearbox to show how it’s done?

Jokes aside if you have thoughts on how to improve the system, not just for Invariant but for curated lending in general, I’d love to chat about possible ways to collaborate.

[desnake @desnakeee]

Permissionless risk curation leveled up 🧠

In the past months 7 curators have launched on @GearboxProtocol :
@cp0xdotcom @tulipacapital @invariantgroup @kpk_io @Re7Labs @hyperithm @ultrayieldapp

Across 5 chains: @ethereum @plasma @etherlink @hemi_xyz @LiskHQ 🌍

[desnake @desnakeee]

🧵 DeFi lending is built on oracles.

Get them wrong and you'll get hacks, bad debt, or drained pools. 💀

Here’s how most DeFi oracles fail and how Gearbox built a system that fixes the problem. ⚙️

[desnake @desnakeee]

If liquidation at market price would cause bad debt,
the protocol checks again using the fundamental price.

If the position would be healthy under that valuation →
🚫 liquidation doesn’t go through

Basically, a safety net when markets go nuts.

[desnake @desnakeee]

@definikola That works until mHYPER doesn't have leveraged mHYPER as its backing. Looks like for now it doesnt

[desnake @desnakeee]

@definikola 3. Holding mHYPER itself is ok, supplying USDC to credit borrowing against mHYPER is even safer => no problems