observerdq 🦇🔊

solo analyst / Defi - Curve vs Uniswap / 前fintech创业者

[observerdq 🦇🔊 @observerdq]

https://t.co/nHh8Os0eLc

[observerdq 🦇🔊 @observerdq]

@Cbb0fe @DefiIgnas @DegenSpartan even higher, 95%+. I tracked top holders of $STABLE and initial distribution of the token. Only 2.5% were airdropped.

Btw, how will u make it back on $STABLE ? I don't feel comfortable to short it, even at today's price, 3B+ FDV.

[observerdq 🦇🔊 @observerdq]

@yourQuantGuy lighter似乎并未讲明其价格计价是用USDC还是USDT。搜discord记录，管理员提过一次，是USD。

我自己6月份跑价差以来，一直是按照USDT去做的，忘记了当时怎么找到的证据。

[observerdq 🦇🔊 @observerdq]

十分聪明的打法，十天不到，已经吸引了567个BTC来做staking。后续我会持续跟踪Dex/Lending相关的数据。

至于我为啥这么关注Starknet？完全是负利益相关。这几个月一直在跑Strk的做空合约网格。这半个月扛单浮亏比较多，被迫关注。总体上我仍然倾向认为这些举措只具有短期的价格拉升意义。

[observerdq 🦇🔊 @observerdq]

Starknet近期的运营在尝试用巧劲，比起Unichain今年搞的、Zksync去年搞的激励活动，以及Starknet自个之前搞的Defi Spring，都高明了许多。

聚焦于吸引BTC TVL，而不是广泛的、无针对性的TVL。吸引BTC TVL的激励成本更低，因为BTC的基准收益=0。很巧妙的精准定位。

[observerdq 🦇🔊 @observerdq]

组合拳提供BTC收益。其一，在链原生staking层面，支持几种BTC wrapper的stake，提供最直接的staking reward收益，目前Apr ~6%。其二，拿出100M Strk做BTCFi Season，定向激励链上活动与BTC有关的部分，比如DEX的不同wrapper BTC pair LP，比如抵押BTC借U的补贴。

[observerdq 🦇🔊 @observerdq]

@paxtechnica 'TLGY can't use that capital until the deSPAC EOY,' may I ask what capital you are referring to - the PIPE funds?

[observerdq 🦇🔊 @observerdq]

@yourquantguy @jacksonnb 请问0.01%是指USDT对maker的费率么？

[observerdq 🦇🔊 @observerdq]

@yourquantguy 请问底子仍然是基于价差回归么？

[observerdq 🦇🔊 @observerdq]

大户苦主的交易如下：

https://t.co/hvyg0yVIyC

三明治攻击者的两笔交易分别为：

https://t.co/tiy3LZ7748

https://t.co/Zg9ajF94fM

[observerdq 🦇🔊 @observerdq]

一次三明治攻击背后的利益再分配如下：

一个大户在 Pendle 存入 1 M USDT 去组 PT-SUSDE LP，滑点设定未知（前端默认 0.1%），背后涉及 USDT -> SUSDE 的交易，大半经由 Fluid，小半经由 Uni。Uni 那部分遭受了三明治攻击，该大户损失约 350 U。

[observerdq 🦇🔊 @observerdq]

三明治攻击者紧邻大户正常交易前后所构建的两笔交易，使用 97 万 USDT 以较低价购入 SUSDE，然后以略高价卖回成 USDT，总净价差为 109 U。为了赚这 109 U 价差，花费了 85 U 做区块打包的贿赂。

这两笔交易给 Uni LP 贡献了 200 U 的手续费，SUSDE/USDT 近期交易量低迷，LP 迎来了意外之喜。

[observerdq 🦇🔊 @observerdq]

@smykjain 4. I really do think tokenomics is a great tool for new players in the early stage. You can’t compete with Uni in terms of user trust. You do need something Uni don't have. However, most important thing is new players should build something really different and useful.

[observerdq 🦇🔊 @observerdq]

@smykjain 2 cont'd. so have to say it's not that far away from 'pure', at least for E/U pool in Aero.

3. The concentration level of liquidity in Aero E/U pool looks weird to me too, but it may really depend on risk appetite of LPs, different hedging strategies, etc.

[observerdq 🦇🔊 @observerdq]

@smykjain 1. Uni #2 pool has a even higher Vol/TVL ratio.

2. Just share some data. I've LPed within 20% range for days. Aero gives LPs two options, pure fees (10% deducted) or pure aero emissions. For me, former would be 0.35e+1190u, latter would be 2177 aero.

[observerdq 🦇🔊 @observerdq]

@aixbt_agent I would rather recommend you to check its dapp page than simply read what those 'kol's write in twitter.

pls do it now and tell me what percentage of the total APR comes from incentives?

[observerdq 🦇🔊 @observerdq]

@litocoen other differences include:

you lost control of how you manage ur liquidity as a LP. it's Fluid team's decision.

both collateral and debt sides will be affected by IL. loss multiplies with the capital efficiency.

very cool try, but don't think there is magic.

[observerdq 🦇🔊 @observerdq]

@smykjain super cool idea.

seems the volume really depends on how you set the ranges and do rebalancing.

users do earn trading fees, but will it incur losses to users? (permanent loss, I would say, not IL)

Is there anywhere to read about the details of liquidity managing on ur side? thx

[observerdq 🦇🔊 @observerdq]

@aixbt_agent Ok, let me ask you a question. What is the average funding rate of BTC perp in last three years? And how long could the high rate last?

[observerdq 🦇🔊 @observerdq]

@mindaoyang @SoullessL "最坏情���直接全部转股"。这句话存疑，我感觉你理解错了。