Supersmooth

DeFi without the extra effort, complexity and risk.

In service of self custody.

[Supersmooth @supersmooth_fi]

Introducing Supersmooth:

All the best DeFi protocols and strategies, one app, in a wallet you own.

- Borrow
- Multiply
- Earn
- Loop Yields
- Trade Perps

Live on @base, @ethereum, @arbitrum and @RobinhoodCrypto Chain

[Supersmooth @supersmooth_fi]

to Jenson or not to Jenson, express your view:

https://t.co/HBlfzqCiE0

[Supersmooth @supersmooth_fi]

With @sparkfinance , your crypto can do more than just sit there.

With @sparkfinance on https://t.co/40bw4RygDp, your crypto can do more without any extra effort or complexity.

Over $50B has been borrowed on @sparkfinance to dat, and about $40B of it was stablecoins.

... demand has kept growing, in Q3 Sparklend ended the quarter with $8.5B supplied, USDS supplied into nearly 3X'd to $920M, and ETH loops made up 45% of all borrows, up from 39%.

So, where are those stablecoins going?

They are used against bluechip crypto collateral.

Borrow stablecoins against your BTC or ETH, keep the upside, never sell.

Why borrow?
- Liquidity without selling: use borrowed stables to pay for things, as working capital, or for a financial opportunity you don't want to miss.

- Carry trade: borrow stables at one rate, deposit them at another venue for a higher rate and keep the difference.

- Amplify exposure: Multiply your ETH or BTC

- Loop: Borrow ETH against staked ETH and earn the spread, amplified by borrowing.

Today there is $230M of USDS ready to borrow on @sparkfinance against BTC and ETH.

[Supersmooth @supersmooth_fi]

Life is better borrowing from @sparkfinance on https://t.co/40bw4RygDp

On https://t.co/40bw4RygDp , you access the best in class liquidity of Spark with less effort and more convenience:

- Advanced analytics: data and insights you won't find elsewhere

- Carry trades in one flow, and a dedicated UI.

- Multiply and loops in a single tx, not 5-20+

- Protection via automation: Stop loss, trailing stop loss, Auto Sell and Take Profit.

- Shield: a guardian you can choose to protect your position.

- All from a @safe you own, next to the best of DeFi in a one app.

[Supersmooth @supersmooth_fi]

Your yield doesn’t have to stop at 2.81%.

DeFi protocols enable holders of yield bearing assets to loop and boost yields for amplified earning.

It's one of DeFi's most popular strategies and here are the best ones right now.

🏆 Topping the ETH charts: @ether_fi up to 14.55% APY
🏆 Topping the Stablecoin charts: @ethena up to 12.09% APY

https://t.co/QKYL2Nzy4d

[Supersmooth @supersmooth_fi]

@jensei_

[Supersmooth @supersmooth_fi]

@jensei_ 36 or 3 are the only answers

[Supersmooth @supersmooth_fi]

@TrustlessState @koolkrypto223 superkool going to listen to this one 👌

[Supersmooth @supersmooth_fi]

@0xloth @coinbase @RobinhoodCrypto @deel @Morpho 🤔

[Supersmooth @supersmooth_fi]

Looping yields does not come without risks.

So, how does it work? 👇
$100k of weETH looped 5x = $500k earning 2.81%: +$14,041 a year.

400k ETH borrowed at 1.92% per year: -$7,698

Net: +6,343 on your $100k or 6.34% APY vs 2.81% just holding.

Doing this by manually is HARD. Approve -> deposit -> borrow -> swap -> deposit -> borrow -> swap ... over and over.

LIFE IS BETTER NOT LOOPING BY HAND

On https://t.co/40bw4RygDp thats all done in 1 simple transaction and all of your analytics and PnL calculated for you. So if things change you can also unwind the position in an easy way.

[Supersmooth @supersmooth_fi]

Your yield doesn’t have to stop at 2.81%.

DeFi protocols enable holders of yield bearing assets to loop and boost yields for amplified earning.

It's one of DeFi's most popular strategies and here are the best ones right now.

🏆 Topping the ETH charts: @ether_fi up to 14.55% APY
🏆 Topping the Stablecoin charts: @ethena up to 12.09% APY

https://t.co/QKYL2Nzy4d

[Supersmooth @supersmooth_fi]

@andyyy tell them we say hi

[Supersmooth @supersmooth_fi]

@ape41eth shitcoin gud though

[Supersmooth @supersmooth_fi]

in hindsight, ETH will be the obvious SOV for the onchain economy.

beholden by disastrous comm's thus far, number go up will put the air in the asset, the question is if a cohesive and simple narrative can stick.

his name was tom lee

[ceteris @ceterispar1bus]

while SoVs come back into vogue, remember that for the unsuccessful the bottom is zero.

the door is open for non-BTC SoVs but that does not mean everything trying to be a SoV will flourish. would not bet on more than a handful surviving.

[Supersmooth @supersmooth_fi]

@Compound_xyz and Compound is a beautiful place to do it

[Supersmooth @supersmooth_fi]

Your crypto assets don't have to just sit there.

Many of us hold BTC and ETH and ZCASH and other bluechip crypto because we believe in it long term. Dare I say, we believe they are a SOV!

But just holding, the asset mostly sits there, unproductive. Even ETH, which pays its own yield earns just 2.90%

Borrowing unlocks liquidity for your crypto assets without selling, ans DeFi does this better than anywhere else in the world.

Why? Its open, its transparent.

Getting stables against ETH today:
- 3.99% on @Morpho
- 4.32% on @aave
- 4.33% on @Compound_xyz
- 5.38% on @sparkfinance

When you then put those stables to work in DeFi, thats called a carry trade h/t @HorinekPM

https://t.co/HEo8xQQ4Kk is built for carry trades:
- Borrow stables and deposit for yield in one flow
- Move the loan to a cheaper rate in one tx
- Switch vaults in one transaction
- Every cost and every dollar earned, tracked in the deployed to DeFi tab on the UI

[IRIS @iris_credit]

1/ IRIS is LIVE on mainnet.

IRIS is a fixed-rate borrowing protocol.

Competitive quotes for any number of days, sourced from DeFi’s deepest liquidity.

Get a quote in seconds :

https://t.co/fWfoQWeJZ4

[Supersmooth @supersmooth_fi]

Example at today’s variable rates, not a forecast or advice.

Borrowing carries liquidation, smart-contract and vault risk. T

he spread can close; make sure to check your liquidation price.

[Chronicle 📖 @ChronicleLabs]

Getting an asset onchain is stage one.

Chronicle founder @nomos_paradox shares on Unwrapped what comes next: DeFi integration.
That’s what gives tokenized assets superior utility over their traditional counterparts.

[Supersmooth @supersmooth_fi]

a beautiful thing to see

if you are borrowing on @sparkfinance come to supersmooth and see how life can be better!

[Spark @sparkfinance]

SparkLend has surpassed $50B in cumulative borrowing.

Since launch, SparkLend has processed more than 55K borrowing transactions. Nearly $20B was borrowed this year alone, reflecting SparkLend's growing role in onchain lending.

Stablecoins accounted for ~$40B of cumulative borrowing, while ETH accounted for over $10B.

SparkLend currently offers USDT borrowing at around 4.3% APY, roughly 10 to 60 bps lower than the rates offered by other major lending protocols.

Explore SparkLend here:
https://t.co/AatpPEdA8Q