Clearstarโs new curated market with @noon_capital sUSN is now live on @eulerfinance
Depositors are earning upwards of 15% APY with USDC rewards via
@merkl_xyz
You can lend out long or short deSPXA from @centrifuge on the Clearstar RWA cluster.
Passively lending out your deSPXA tokens currently pays 10.47% yield on top of being long the S&P 500.
All on @eulerfinance
Euler is leading the shift from institutional tokenized issuance to collateral utility.
The Euler Vault Kit now facilitates lending markets that can apply eligibility rules, transfer controls, and market-specific risk parameters onchain.
Read more from @CoinDesk
https://t.co/3qxmTxkftE
Had a Jane Street phone interview in 2016. "Price a 6-month forward on carrots."
There's no carrot futures market, so I build one from scratch: seasonal harvest cycles, USDA demand elasticity, cold storage decay rates.
One trader stops me. "Your storage cost functionโ you're modeling the carrot as dead inventory. Like grain in a silo." He asks me the metabolic respiration rate of a post-harvest carrot at 2ยฐC. I estimate.
"Your forward is overpriced by exactly that shrinkage. The underlying is consuming its own sugars. It's alive." Good correction. I adjust the model. I think I've recovered.
Rejection email comes the next morning. Subject: "Ethical Review." My framework, they write, "relied on the severance of the root organism from its growth medium." The question about respiration was a test. The carrot was still alive and I'd built an entire derivatives structure on top of its death without questioning whether harvest was an acceptable act.
I pull up the recruiter's original email. It doesn't say Jane Street. It says Jain Streetโ a non-violent quantitative commodities fund.
The carrot was never supposed to be priced. It was supposed to be refused. I later learn the only candidate who passed that round was a former monk from Gujarat who sat in silence for eleven minutes and said, "I cannot put a price on life." He's now a partner.
GM - would love to meet partners in HK for Web3 festival next week
a) if you're looking to enable lending/borrowing/earn vaults on your platforms.
b) looking to setup interesting stablecoin yield products (can introduce interesting partners/vaults)
c) building RWA liquidation flows