$76.4M routed in 3 weeks by @almanak agent!!
No humans in the loop. Live DeFi execution, end to end.
Been deep in the build with the team. Really proud that we achieved such financial engineering feat with a small team
Autonomous finance isn't the future, it's happening now at @almanak
And here we have it. The devil doesnt need any backstop when he's in stables getting low-risk yield at this level. It won't last forever, so get on this train.
To understand the opportunity the average annual yield for lending Stable Coin to decentralized liquidity pools is between 12-22% based on volume currently with almost zero risk. This is where smart money is moving fixed income and money market liquidity to when Fed funds rate drops.
Remember Stable Coin pairs suffer no impermanent loss. They are near risk free and yield comes from lending this liquidity to DeFi and stable payment protocols.
This is public banking which will take over from private banking.
The breakdown:
- public banking all the fees and profits go to the lender not to the bank shareholders.
- the money velocity of blockchain based payments will exponentially increase yield with adoption, no fixed yield like a money market or treasury.
- you become the bank. You become the lender.
- You can get public loans from public lenders, the entire concept of a centralized bank for profit disappears.
- add this to the yield for staking network tokens and you start to understand smart money is about to enter the asset class on rate cuts.
I see @bonk_inu has already landed on the moon this month.
Bonk not the only one. @HyperliquidX and me are calm on this journey too.
Some alpha next week straight from the devils backstop.