Ray

DeFi

[G | Ethena @gdog97_]

Agree with this and would also encourage all asset issuers to consider rate limits at the mint & redemption level, as well as a custom rate limit configuration on top of LZ OFTs.

We built a solution on top of the standard OFT to throttle cross chain transfers at $10m per hour for every DVN, in addition to the $10m per block rate limit on the mint contract. The former would have prevented Kelp, the latter Resolv.

In a disaster scenario where the LZ DVN is compromised you can at least contain the damage to $10m per chain per hour before stepping in to shut down transfers entirely.

Yes it’s a slightly annoying inconvenience for users 99% of the time, but a worthwhile trade off to avoid going to zero.

If you would like support on adding the same custom OFT configuration please reach out directly to myself or the team.

[Seraphim @MacroMate8]

great debate happening here around lending

imo the reason lending rates are so low is that there is a lot of money that has nowhere to go because it can’t access tradfi rates

for these guys it’s better to have lower yields, but be able to withdraw at any time than kyc and have funds frozen

there is actually lots of liquidity out there just not enough high quality collateral that can drive rates higher

[Ray @ray__defi]

Very true!

[Sandeep | CEO, Polygon Foundation (※,※) @sandeepnailwal]

Two weeks in NYC reminded me of something...

If you want to build something great you have to be around great people, its really that simple and most ppl completely ignore it. Go look at who you're spending your time with, environment is everything.

As @chamath said, if you want to be in AI be in SF, if you are in finance be in NYC, if you are in crypto be in Abu Dhabi/Dubai and so on.

[Matthew Fisher @mfisher10x]

the core defi crowd identified 1 or 2 years ago that ~everything in lending was or would become a vault. This became more widespread with morpho, euler v2, etc

for some reason kraken reignited this and struck a chord with their mktg push in Q1. later on new vault curators like Bitwise announced their plans, alongside growing anticipation for tradfi entities like Apollo to bring large heaps of supply-side liquidity to Morpho vaults

but tradfi liquidity injection needs to be met with increased borrow demand in order to drive yield attractive enough for supply to want to come onchain in the first place

and defi today can't even sustain existing rates. borrow demand has been abysmal

in the immediate term increased activity has to come from an increased demand for leverage, but in the short and medium term products will emerge like Morpho v2 for predictable rates. in March, Steakhouse/Yearn/Gauntlet started offering public deposits for the carry trade -- although tough to grow these atm following recent curator scrutiny and discourse around exploits

Coinbase proved that with the right product and distribution you can increase borrow and from users that are willing to pay relatively higher rates. Would assume many others are working on this (reach out if you are)

regulatory clarity & time will help a ton too

[Alex @obchakevich_]

The total volume of the Japanese stablecoin JPYC has reached $136M, of which $90M has been processed on @0xPolygon.

JPYC on Polygon is actively used for payments via @useTria, @daimo, and https://t.co/pXNYJvEoXa

[Katana ⚔️ @katana]

Join the Katana Team - @AlexChau and @Crypto_Texan

With @Ceazor7 on April 8 at 12pm ET / 4pm UTC
- Chain-wide ve(3,3)
- Vault Bridge
- Katana Perps
- Chain-owned Liquidity
- and more ⚔️

https://t.co/AhdZ5cGSZg

[Andy @andyyy]

The vault curator and risk manager landscape in DeFi is about to undergo a massive change in terms of players, markets, asset types, credit origination & underwriting, and yields.

Vaults are one of the most innovative and exciting parts of the industry rn

[Matthew Fisher @mfisher10x]

Security Notice: Email Impersonation

A bad actor is impersonating Katana team members using domain we do NOT own, email@katana[.]foundation

All official comms from our team are from [email protected]. Stay vigilant.

[merp @0xMerp]

it will be so obvious in hindsight

[Sandeep | CEO, Polygon Foundation (※,※) @sandeepnailwal]

Physical native money is dead. Long live digital native money.

It took us years to find our PMF, I won't lie. But $3.6B in stablecoin supply, no.1 for USD based stablecoins with 22.1% of the global market and to cap it off, Polygon has moved $2.4T (yes TRILLION) in stablecoins!

The world's largest fintechs are routing money through Polygon because its faster and cheaper than SWIFT or any banking middleman, and we are very widely integrated with fiat on/off ramps.

I dont care where you are in the world, whether you're in an emerging market or one of the richest countries, Polygon exists for you and everyone around you. The old system makes you pay to move your own money, we built Polygon so you dont have to.

This is exactly what I spoke in my Token2049 talk "The End of Old Money" and i stand by every word, but almost a year on now i'm not just saying it anymore, i'm watching it happen on @0xPolygon every single day.

[Marc | Polygon Labs (💜,⚔️, ※) @0xMarcB]

Private memepools on Polygon.

I guess some would say TradFi will be happy with this change. The reality is that it’s great for everyone.

[Ray @ray__defi]

As someone who has worked in TradFi and knows their expectations for privacy, this is a great development!

[Polygon | POL @0xPolygon]

Any time you submit a transaction, it’s public. A bot sees it. Jumps ahead. You get a worse price.

We changed that. Private mempools are now live on Polygon.

All it takes is one RPC swap for full MEV protection.

[Katana Perps @katanaperps]

TAO is live on Katana Perps.

- Every trade earns points.
- Next points distribution this Friday.

Get in 🔗👇

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

With @katana, bridged ETH doesn't sit idle in a contract.

It earns yield in a @Morpho vault on Ethereum L1.

vbTokens like vbETH have so much room to grow, kinda like holding LSTs over native ETH back in 2021.

There is risk but eventually more users will opt for this.

[Katana ⚔️ @katana]

I know we've been saying this a lot, but...

we're just getting started ⚔️

[Crypto Texan @Crypto_Texan]

Pretty incredible stuff. Heads down, focused on building the most efficient DeFi ecosystem the world has ever seen.

[Route 2 FI @Route2FI]

Katana Perps is now live, integrating a native perpetuals exchange directly into the Katana chain.

The platform offers gas-free trading, full orderbook execution, and up to 50x leverage on major assets.

Season 1 introduces referral-based access and initial $KAT rewards for active traders.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Some L2s hope the apps show up.

But @katana is building for users.

Starting with @katanaperps, the team behind IDEX.

We recorded with Katana CEO @mfisher10x just before the KAT token went live to understand the vision.

Full episode on The @Edge_Pod tomorrow ⚔️

[Sandeep | CEO, Polygon Foundation (※,※) @sandeepnailwal]

Every time you update your beliefs based on evidence, you get closer to reality.

The people who consistently win have the ability to change their position when the data changes. Strong opinions, weekly held.

Keep your ego in check. Love your efforts, love your mission and not your opinions. Specially as a builder, Your duty is to seek truth.

Repeat to yourselves : "I don't want to be right, I want to win."

[Sandeep | CEO, Polygon Foundation (※,※) @sandeepnailwal]

If there is one takeaway from whats happening geopolitically right now, its that cross-border payments were built for a stable world and we don't live in one right now.

Settlement still runs through corridors and intermediaries that seize up the moment things get tense, and when they seize up billions just sit there in limbo. Stablecoins on public rails settle in seconds, no matter whats going on in the world.

@0xPolygon has done 532M transactions this month alone, and not a single day of downtime through any of this. Onchain payments dont care whats happening between governments. They just work.