Pasharus

On-chain stability & DeFi maximalist

[Pasharus @pasharus_]

MiCA’s pushed stablecoin issuers to operate outside of the EU. Now, some at the ECB are calling for a ban over stability risks

Fair, but MiCA’s the real issue here
Killing any type of innovation from the inside while other countries benefit. Nice one

https://t.co/gV9Tn1HzFI

[Pasharus @pasharus_]

That was quick 👀

[Marc Zeller @mzeller]

the $sUSDe reserve in the Aave Lido instance filled in a block.

THis will grow to a few billy before EOY.

[Pasharus @pasharus_]

Blackrock goes multichain

[db @tier10k]

*BLACKROCK LAUNCHES BUIDL ON APTOS, ARBITRUM, AVALANCHE, OPTIMISM'S OP MAINNET, AND POLYGON

Source: DB | Coins: AVAX, APT, ARB, OP, POL

[Pasharus @pasharus_]

@gnosispay 👋 keen!

[Hippo Potato @hippo_potato]

.@AnzenFinance's USDz vault on blast got exploited for ~$500k because they hardcoded USDC to 6 decimals but USDB on Blast is 18 decimals

vault contract: https://t.co/91FQbHtIJG

exploiter: https://t.co/qrHkIqFTEU

[Pasharus @pasharus_]

@CryptoISFreedom @ConvexFinance Only the stability pools for now - looking to include the convex pools and LP positions later

[Pasharus @pasharus_]

Integrated FX protocol $FXN into the stablecoin yields tracker 🎉

Tracking yields on:
- $fxUSD
- $rUSD
- $cvxUSD
- $btcUSD

What should we add next?

https://t.co/SzOkLZCVZR

[Pasharus @pasharus_]

@ThorHartvigsen Same, I tend not to account for Morpho rewards - Gauntlet eUSD core is at 44% with 42.5% coming from RSR rewards

[Wazz @WazzCrypto]

This is specially egregious knowing that total $EUR stablecoin mcap is $300M and has remained mostly flat lately

$TEURO just mints $70M to become the second biggest EUR stablecoin out of nowhere 🤔

[Pasharus @pasharus_]

@Noyau_Dur Légende de Chelsea sur, peut-être de PL, mais pas plus loin malheureusement 😢

[Alunara @0xAlunara]

Hmhm crvUSD revenue has flipped swap revenue.

[Pasharus @pasharus_]

@mknvmbr Yeap, to the treasury

[Pasharus @pasharus_]

🤔 AAVE gov proposal to increase the borrowing rate on $GHO to 3% after being increased to 2.5% just a few weeks ago

Borrowing rate should be set algorithmically to avoid going through governance every month

GHO definitely needs to find a PMF & incentivise holding/LP'ing..

[Pasharus @pasharus_]

I spy the addition of $rETH as an collateral to mint $crvUSD following vault removal from MakerDAO

37.5k rETH ($61m) in the Maker Vault

Need an oracle which will come once vote #534 pass & liquidity deepened on any rETH pools

Rocket pool to stream incentives?

$CRV $RPL

[Pasharus @pasharus_]

Show me the incentives and I will deepen your liquidity.. 🎡

[Curve Finance @CurveFinance]

New incentives for pools which have @LidoFinance stETH arrived

[MilliΞ @llamaonthebrink]

The MakerDAO rETH off boarding brings me back to this thread I wrote the other day.

By entrenching stETH, MakerDAO is actually exacerbating the eventual pressure its peg will face as leverage builds up and ETH IV surges in a bull market.

Nature will restore balance.

[Pasharus @pasharus_]

$LCNY a Chinese Yuan stablecoin coming to Curve 👀

Not the user for this but nice to see alternatives to USD and EUR stablecoins

Can enable some FX plays once/if leverage available

Even more given that it is a fork of Liquity $LUSD thus is immutable and can't be shutdown

$CRV

[Pasharus @pasharus_]

@0xAlunara @DefiMoon Great; Thanks ser!