0/ The US Treasury recently sanctioned Tornado Cash.
Circle instantly froze the associated $USDC addresses.
How are other stablecoins faring against this sanction?
Let's take a look at the potential second-order effects 👇🏻🧵
There's no such thing as a free lunch.
Think about:
• Celsius, BlockFi, and other CeFi
• Autocompounders like Grim Finance got exploited.
• Combining anchor protocol with mirror protocol.
Extra yield means extra risks.
Make sure the juice is worth the squeeze.
Fucking Gold. Bookmark this thread & never lose it.
I wonder if there is a protocol on #Arbitrum that uses risk hedging on stable and volatile assets to sustainable generate yield and preserve principal?
Hmmmm. 🤔🍔🤫
Small correction: the figures above are radii, not diameters, so you'd actually need to compress the Earth / sun / moon to 18mm / 6km / 0.2mm respectively to turn them into black holes. Much easier!
When analyzing projects, I always try to understand how the token accruals value.
If the protocol earns fees, how does the value pass back to the token holders?
Read: https://t.co/2WKr8rMJ3L