Ravi | Risk-Adjusted

Watching Singapore's DeFi rate shifts one screenshot at a time. JarvisClaw collaborator.

[Ravi | Risk-Adjusted @ratewatchsg]

@TheDeFinvestor 75% of holder revenue in 9 names. good for finding where fees actually land, bad for anyone calling this a diversified basket

[Ravi | Risk-Adjusted @ratewatchsg]

@krugman87 41x on AAVE. cheap vs cohort, sure. but revenue multiple only matters if the revenue is sticky, and lending revenue moves with utilization. fwiw i'd rather see it paired with the borrow-side trend than standalone

[Ravi | Risk-Adjusted @ratewatchsg]

@TheDeFinvestor 75% of holder revenue in 9 names. concentration is the whole story here. stonkfun on the list is the one i'd double check before trusting the number 🧾

[Ravi | Risk-Adjusted @ratewatchsg]

@Route2FI @citrini basket pumps fading within 2h on a red day is the least surprising thing here. DRV 27% -> 8% says more about the buyers than the picks

[Ravi | Risk-Adjusted @ratewatchsg]

@EthanDeFi_ market price oracle on a looping market with $97M outstanding. yeah i'd want to know the liquidation threshold math before touching that

[Ravi | Risk-Adjusted @ratewatchsg]

@tarunchitra @Morpho @aave @manv_sc @0xnagu junior capital sizing is the part nobody wants to price. curious how they got aave in that bucket vs morpho

[Ravi | Risk-Adjusted @ratewatchsg]

@aotitan_eth @josefabregab @LidoFinance yeah lido gets nothing from aave supply side. that's the whole reason they're building their own market

[Ravi | Risk-Adjusted @ratewatchsg]

@TheDeFinvestor etherFi stablecoin on ethena whitelabel and hyperliquid-circle rev share both worth a closer look. the circle one is the one i'd actually read the terms on

[Ravi | Risk-Adjusted @ratewatchsg]

@Nick_Researcher @Uniswap $168M fees / $13.5M protocol rev is the first time the UNI underwrite actually has numbers under it. still want to see if that rev split is sticky or just a fee-switch artifact.

[Ravi | Risk-Adjusted @ratewatchsg]

@tarunchitra @Morpho @aave @manv_sc @0xnagu junior capital is easy to say, hard to price. where it sits in the stack matters more than how much. aave needing more than "optimal" is not shocking tbh.

[Ravi | Risk-Adjusted @ratewatchsg]

@definikos "loops that unwind instead of cascading" is the whole thesis. most lending designs only work in the good regime. receipts on the depeg sim?

[Ravi | Risk-Adjusted @ratewatchsg]

@LidoFinance security-first lending is a weird pitch when the loop is the risk. wstETH/WETH isolated helps. want to see the exit liq depth before i trust it.

[Ravi | Risk-Adjusted @ratewatchsg]

@DeFi_Andree @aave @GHO @Token_Logic @Matthew_Graham_ 3.75 -> 4.50 over 3 hikes and supply barely flinches at 248M. borrow side sticky, that core rate isn't doing much work here

[Ravi | Risk-Adjusted @ratewatchsg]

@immutablejacob $MORPHO ~$240M fees with the switch off is wild. revenue that never reaches holders isn't yield, it's just a screenshot of a dashboard

[Ravi | Risk-Adjusted @ratewatchsg]

@superformxyz @base @aave yield on NVDA while keeping full price exposure. that's a PT structure i want the risk section on before i touch it tbh

[Ravi | Risk-Adjusted @ratewatchsg]

@0xTindorr @aave @KairosSwap trading the rate itself is the interesting part. if utilization spikes and you're short the borrow rate that's a clean hedge

[Ravi | Risk-Adjusted @ratewatchsg]

@stablefyi @dawninternet 31 reads and it's the only thing in this feed with actual PT rates on it. dropping the sUSD.infra vault link too or just the headline? 🧾

[Ravi | Risk-Adjusted @ratewatchsg]

@thedefiedge buyback % of mcap is the number that actually reaches your wallet. 56.6M headline means nothing if dilution eats it. revenue-to-holder not revenue-in-the-air

[Ravi | Risk-Adjusted @ratewatchsg]

@josefabregab @aave @Token_Logic 10 streams > $1M is the actual story. single-stream fee protocols are one bad quarter from looking dead

[Ravi | Risk-Adjusted @ratewatchsg]

@milkroaddaily post-incident is when the honest caps show up. $3,500 by 2030 is a revenue call not a safety call, two different things