onchain_mist

DeFi enthusiast 🇸🇬 - yield farming

[onchain_mist @onchain_mist]

@tom_krzystek @CronosApp Kris gave up on cronos, passing it to Ken/Mirko who flopped in execution as well

[onchain_mist @onchain_mist]

@Johyo_cro @Fwiz @zainbacchus @0xStoleme @lesliechn @Chihatweets Just incompetence from the team 🤷

[onchain_mist @onchain_mist]

@CryptoGParty You need to think for a minute and figure out cdc and $cro are separated by now. Kris have distanced cdc from $cro

[onchain_mist @onchain_mist]

@phtevenstrong do note that deposit/withdrawal for this have to go through zama at https://t.co/v1sA6VcCMo

[onchain_mist @onchain_mist]

Verdict: medium risk / 11% fixed. You're paid above most stablecoin yields to take 3Jane senior credit exposure. worth a small allocation if you're comfortable with the Slope concentration. dyor.

[onchain_mist @onchain_mist]

1/ PT-USD3 on @pendle_fi — 11.88% fixed APY. quick risk breakdown

[onchain_mist @onchain_mist]

5/ bull

$JANE TGE hasn't landed yet → farm hype is what pushes PT to 11%+

[onchain_mist @onchain_mist]

@Exchequerfi @pendle_fi @saturn_credit valid point, theres some protocols (sky, re etc..) with sticky demand post tge, so let's see

[onchain_mist @onchain_mist]

Why PT-USDat is a boring and safe yield on @pendle_fi

1/ USDat is backed 1:1 by US treasuries (low depeg risk)

2/ USDat pays no yield itself, ~100% of your fixed APY (7.69% ETH / 9.18% BSC) is funded by YT buyers farming the @saturn_credit airdrop.

[onchain_mist @onchain_mist]

4/ Risk: protocol is young, contracts are upgradeable (admin-key risk), and the yield right now is pure speculation for the airdrop.

[onchain_mist @onchain_mist]

3. Why it's "safe-ish": mint is whitelisted (can't print unbacked USDat), team is doxxed, backed by YZi Labs + Sora. Reputational skin in the game.