We are one of the largest suppliers and borrowers on WLFI Markets.
Yes, we supplied WLFI as collateral and borrowed stablecoins. No, we are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we'd simply supply more collateral. That's not a risk. That's how this works.
idk if a hot take but: a lot of people are making themselves inherently less productive using agents. building slop tools, generating lazy summaries instead of deep reading, wasting time nerdsniping without building anything of real use, creating slop content instead of yourself
@0xSpaydh Was a pleasure working alongside you guys, i know you guys gave it everything and can be proud of what you built, regardless of the outcome.
A sad end to an incredible vision. All the best to you and the team, whatever comes next 🫡🫡
this feeling will pass, and the mourning will evolve into curiosity about what you can build and learn with such a powerful sidekick by your side. im tacking 10x harder problems than i ever dreamt of, and feeling joy and excitement from programming again. we were just forced one level of abstraction up. better accept it than to fight it.
Got some long standing bids filled overnight, now feels like as good a time as any for a bounce.
Always scary catching a falling knife but unless there is some scary macro shit I'm missing i don't see how this doesn't bounce
Eth as an investment to me didn't make too much sense over time because it couldn't build quality apps, and have been bearish on it for some time.
Despite this being true its the key venue for liquidity if you project isn't limited by its constraints, and that's not changing
Interestingly, unlike BTC, ETH is nowhere near ATH. It feels like cryptonative investors are largely abandoning ETH as an investment (though not necessarily for building or using) while institutions and trad retail are filling the gap, but not more.
Bullish on Supervaults? Curious about $DROP?
Join us live tomorrow at 4PM UTC to discuss dATOM Supervaults, DROP token and next steps toward TGE.
Be there 💧
Cosmos is the superior "platform", except in one regard - it doesn't have a central token to ape.
There are amazing products today built on top of the cosmos stack that accrue zero value to ATOM or other cosmos apps.
Turns out this is a pretty tough problem to solve.
The sorry situation that Cosmos ecosystem founds itself in today is largely due to 3 design choices made all the way back in the earliest days:
- the perpetual inflation of token based on staking ratio
- governance through direct democracy among stakers
- vesting accounts being able to sell staking rewards
Prop 16 was the culmination of all these
That 3% yield from treasuries is a powerful tool for marketing, user adoption etc. i would assume there are backroom deals already in play between the large players (usdt, usdc, binance coinbase etc), but onchain for the user is something that has not really been explored
Seems tokens like USDN offer a pretty unique value prop for money markets.
Because the yield is not attached to the token itself, the yield be distributed as an incentive, meaning LPs can still recieve the yield but borrowers don't have to pay it.