The ETH Yield-Machine
✅ 10% on ETH
✅ Grows BOLD supply
✅ Improves BOLD liquidity
✅ Pays bribes to LQTY stakers for 3 months❗
A new PIL initiative has been proposed to boost the new ETH carry vault on @ipor_io, which has quickly attracted $1.5M in TVL
Let's break it down
@0xbenito_ Man, @deel just revealed the perfect playbook:
From 'niche' HR services (paperwork for your international contractors/employees) to payments to neobank🤯
https://t.co/ZHUhiWwkv6
For the first time, contractors can get paid, hold, earn and spend, all inside the same app 💸
Introducing the Deel stablecoin wallet: hold earnings in DLUSD, earn rewards, spend anywhere, with no crypto exchange, separate accounts, or lost value in transit.
Launching in Latin America today, with APAC, MENA, and Africa to follow.
Coming soon for employees! 👀
Thanks to our partners at @Stablecoin, @privy_io, @tempo, @Morpho, and @Sentora for making this possible.
Read more in the comments 👇
@Liscivia_@lordjorx For the yield sustainability let me guess…
LQTY stakers will be able to vote for a gauge that sends some BOLD from PIL to your vault? 👀
@certifiedrohan@leopoldasch Exciting!
And let's pair this with the possibility for people to choose to own & selectively reveal their data 🤓
https://t.co/DUPUiyE961
Dark Bio whitepaper is out!
We're building a system in which a person's health data, their genome most of all, no longer has to live with a custodian to be useful. A system, where data does not move, rather stays on a small device the owner holds.
Just using a multisig is NOT enough. How a multisig is configured can be the difference between getting rekt or not.
Yearn has spent a lot of time thinking about this very real risk. Today, we share 3 crucial steps for good multisig strategy
🧵
@0xPetra@trent_vanepps There’s already a cool fee-free censorship resistant stable: @LiquityProtocol BOLD
You could suggest a gauge for LQTY stakers to redirect part of the yield to public goods funding… 🤓
@sonkiski@devanshmehta Or instead of a swap, embed the public goods funding option when users deposit in vaults
-> no “loss” of capital for users at decision point.
Easier to get vault infra protocols aligned on this (similar to the “1% token allo to Protocol Guild at TGE”)
A friend was asking who’s working on bringing FX onchain.
I sent him to @SupernovaLabs_
Reading Nico articulate the vision so well for how this can work is really exciting!🔥
Learning a lot! A great source of ideas too 🤓
The @staycloakedxyz team is building one of the best user experiences in onchain privacy.
Set up an account in seconds, deposit to your private balance on @0xprivacypools, and off-ramp privately with @peerxyz.
Onchain to fiat has never been easier and more private.
@sonkiski@devanshmehta Or instead of a swap, embed the public goods funding option when users deposit in vaults
-> no “loss” of capital for users at decision point.
Easier to get vault infra protocols aligned on this (similar to the “1% token allo to Protocol Guild at TGE”)
What about something like this:
For every vault protocol (@Morpho and co)
-> indicate at deposit that
“1% of your yield goes to Ethereum security via public goods funding”
Obviously with the possibility to adjust (more or less than 1%)
Plus: distributors of vault products under their Earn programs (like @krakenfx ) can make opinionated decisions there and abstract this away.
Similar UX-wise to what some airlines do with compensation of carbon emissions
@Ceazor7 Great job pointing this out.
This is quite under reported.
It has the potential to unlock cool things imho (think Curve wars or projects locking AERO)
Now the focus is on depth of liquidity for BOLD. Tbc…
@A_Leutenegger This last piece is the cornerstone imho.
“how assets are actually held at every layer of the custody stack”
Still unclear in a lot of “vaults” protocols I feel…