Robert ⟠ | Polaris

Building permissionless onchain markets @polarisfnd

Believe in somΞTHing

[Robert ⟠ | Polaris @robpolaris]

Polaris is the most elegant protocol built in recent times

The amount of finesse and care that went into these docs are an example of what will be coming to mainnet later this year

Ethereum and DeFi lovers, you will like these

It’s again time to believe in something

[Polaris @polarisfnd]

The Polaris documentation is now live.

Discover pETH and its ever-rising floor, along with the ecosystem of novel onchain primitives it unlocks, from a new class of yield-bearing assets to non-liquidatable ETH loans.

https://t.co/0PcskkMqma

[Robert ⟠ | Polaris @robpolaris]

@0xprassxv @polarisfnd Nice thread and thanks for the feedback about the bootstrap and floor price.

We will add some tooltips

[Robert ⟠ | Polaris @robpolaris]

@scupytrooples No but I’m sure there will be some nice Morpho markets for USDC borrow against sUSDp as collateral

[Robert ⟠ | Polaris @robpolaris]

@DeFi_Dad My kids will thank you for your service

[Robert ⟠ | Polaris @robpolaris]

@ImmutableLawyer There is almost no one who understands this

Make immutable and decentralised protocols great again

[Joseph (eu/acc) @ImmutableLawyer]

Permissionless does not = decentralised or = immutable

Can we stop conflating the two?

[Robert ⟠ | Polaris @robpolaris]

Running an experiment

Opening a 50E USDp mint position at 50% LTV on Polaris

Current interest rate i pay is 4.9%
Current pETH yield i earn on my debt is 46.1%

Net i earn is 43.2%

Lets see how this position progresses over the next few days/weeks

https://t.co/LDxbv8KADr

[Polaris @polarisfnd]

We're here for the (very) long run.

[Surgence Labs @surgence_io]

Building through a bear market isn't fun, but it's the fastest way to find out what your team is actually capable of.

Here's @robpolaris and @esteemedbuilds on going all in during such situations, and how it builds character for the long run 👇🏻

[Robert ⟠ | Polaris @robpolaris]

These are the key metrics to watch

The ETH price is somewhat irrelevant here

You can think of this position as a pETH/USDp LP position now and this is the dashboard to show the yield and IL i have been exposed to

[Robert ⟠ | Polaris @robpolaris]

Running an experiment

Opening a 50E USDp mint position at 50% LTV on Polaris

Current interest rate i pay is 4.9%
Current pETH yield i earn on my debt is 46.1%

Net i earn is 43.2%

Lets see how this position progresses over the next few days/weeks

https://t.co/LDxbv8KADr

[Robert ⟠ | Polaris @robpolaris]

@OctavioNotPunk My quant

[MilliΞ @llamaonthebrink]

ETH rallying is vindication for everyone who believes in decentralization.

It’s what makes this industry timeless.

It’s what gives digital objects physical properties.

It’s what makes ownership on the internet an immutable right.

I think decentralization and everything it entails (Censorship Resistance, Open source, Privacy, Security) is literally all that matters.

It’s not a spectrum. It’s a belief.

Believe in something.

I believe in ETH.

[Robert ⟠ | Polaris @robpolaris]

@stableshaman Gud strategy

[Robert ⟠ | Polaris @robpolaris]

@DeFi_Dad Premium baby wipes kids. Enjoy

[Robert ⟠ | Polaris @robpolaris]

@ImmutableLawyer @highfreqfencer Few understand that true DeFi will be easier to achieve than regulated

[sassal.eth/acc 🦇🔊 @sassal0x]

Ethereum.

[Robert ⟠ | Polaris @robpolaris]

@sassal0x @materkel Feels good being those who never gave up

[Robert ⟠ | Polaris @robpolaris]

First alpha post on how to generate defi's lowest risk yield on ETH

Yes this will be possible on @polarisfinance_ mainnet

1. Swap 1 ETH to pETH (0.5534 pETH on the current testnet)
2. Split 0.5534 pETH into 0.5534 fpETH and 0.5534 vpETH
3. Open a reserve loan with 0.5534 fpETH as collateral and max borrow 0.69E against it with no liquidation risk
4. Swap 0.5534 vpETH for 0.2718E via the pETH tri-pool
5. Result is 0.9618E in your wallet with 0.5534 fpETH earning >100% APR you can continue to borrow from

Your full risk exposure is 0.0382E, yet you earn yield on 1E of size

[Robert ⟠ | Polaris @robpolaris]

@polarisfnd Clean