Spotted onchain via @revertfinance :
An LP with a gigantic $3,000 spread ETH / USDC position
Despite having such a wide range, this $500k LP earned 23% fee APR over 500 days
$162,398.74 total fees earned
-$7,145.56 divergence loss
+$155,253 PnL
https://t.co/8A8IwmN2LD
Next up: Robinhood Chain Track.
Two teams building the next generation of finance on Robinhood Chain are taking home $90K in prizes.
Founder-in-Residence Award ($60K): @Saffron - Fixed yield layer built on top of Uniswap concentrated liquidity pools.
Innovation Award ($30K): @agamafinance - RWA yield infrastructure that turns tokenized stocks into a self-growing position.
Marketing~
During the bull market a constant battle for attention creates pressure for top brands to participate in a marketing spend arms race to gain mindshare
During the bear market it seems dumb and wasteful
Hindsight is unfair to the observed
Treasuries pick stablecoin yield over DEX yield because DeFi yields aren't predictable and token prices are path-dependent.
Saffron solves that problem.
Fixed upfront premium for the treasury.
Protocol owned liquidity supporting token value.
Your yield. Your terms. 𐁉
How is it possible to earn yield from $ETH and $SLV onchain?
With a Saffron vault using wrapped versions of those assets: EVM-native WETH and SLVon from Ondo.
Real Saffron case study resulting in +75% PnL 𐁉
It's crazy how much progress DeFi has made yet still has so far to go.
- Volatility indexes just got added to Polymrket via @volmexfinance on June 2nd
- Coinbase finally added options after ~13 years
- xStocks onchain but still no volume or LPs for most outside a few popular ones like $NVDA
DeFi is effectively still at zero compared to where it's going.
Yeah
Exchanges
Users that trade on perps exchanges are simply losing money to exchanges based on path-dependency risk they are trading for zero upside
The slider is easier to understand than the strike price
I came up with the equation for dsec distribution in Saffron v1 in a dream.
It sounds like a miracle, but it was actually planned, as result of a combination of two dedications I made:
1. Dedicated obsession to figuring out the mechanics of the DeFi protocol I created, and
2. A theory to find out if you could use lucid dreaming to work while you're sleeping.
You can achieve a 24 hour work day if you train your subconscious to work for you while you're unconscious.
If you practice lucid dreaming you can explicitly remember parts. Otherwise, it becomes part of your thinking process when you wake up, which is good but is not as overtly helpful.
Compare this to the average person at a 9-to-5 desk job who works 4 meaningful hours per day.
They also take, on average, 2 vacation weeks per year.
Result: their entire work year is 50 weeks of working 20 hours = 1000 hours per year.
Someone who is committed to their craft is working 16-18 hours every single day, maybe even 24 hours.
In 2 months they've worked 1000+ hours.
In 1 year they've lapped the average person's entire career.
These effects compound over time.
The first audit for Saffron @Solana vaults is now complete.
This brings the total audit count for Saffron's upcoming fixed yield product to 10.
9 audits covering EVM chain code and 1 audit on Solana.
More to come.
Saffron.