Tnorm

Currently Gone Fishing…

DeFi Ecosystem | Growth
Prev @ gauntlet // boost // messari

[Tnorm @t__norm]

1/ Over the past eight months, @Balancer has quietly experienced one of the most contentious (and instructive) governance sagas this year.

[Tnorm @t__norm]

@tulipking @KreiserMatt Equal parts racket and bribe

[Tnorm @t__norm]

@ImmutableLawyer K but time is running out tho

[Tnorm @t__norm]

@antoniogm The Marin WASP is eternal

[Tnorm @t__norm]

@0xCadena @StableLab @GArentoft @DooWanNam Epic run @0xCadena

[Tnorm @t__norm]

Agreed.

[Paul Frambot 🦋 @PaulFrambot]

The requirements for true DeFi infrastructure are simple but very (very) hard to implement at scale:

a) be permissionless: anyone can build
b) be immutable: anyone can own

Without these, you are most likely just building an onchain brokerage platform.

[Gauntlet @gauntlet_xyz]

Users can now supply USDC to Gauntlet USD Alpha on @arbitrum

No bridging. No swapping.

Just intraday rebalancing, 24/7 monitoring, risk-off automation, and cross-chain yield.

[Tnorm @t__norm]

Denver is an indefensible location

[Tnorm @t__norm]

Deposit in Gauntlet Core, Prime, and Frontier Vaults today:

https://t.co/VVIaizVCit

[Tnorm @t__norm]

First they threaten to hang you, then they name their kids after you

[Jack @JackMandin]

Looks like lenders will be able to express their individual risk preferences with much more flexibility in Aave V4.

Fascinating

[Tnorm @t__norm]

My estimation of value in internet tokens is not now, and has not been for some time, in sync with the markets.

[Tnorm @t__norm]

@charliekerr @john_tv_locke @Uniswap Also have a friend that said the same thing

[Hayden Adams 🦄 @haydenzadams]

The deal was the top section of a pair of unisocks in exchange for something cool of his choice in the future

Today he followed through with this custom @Uniswap x @MorphoLabs jacket 🔥

[Dan Smith @smyyguy]

Vault curator market share on Morpho has shifted meaningfully this month

@gauntlet_xyz now manages 34% of morpho deposits ($1.7b AUM), and it was the only curator with >$200m AUM to see inflows over the last 30 days

[Uniswap Foundation @UniswapFND]

Today we’re excited to put forward a governance proposal for Uniswap’s next era

Our goal is to set up Uniswap to be the default decentralized exchange for tokenized value ↓
https://t.co/xvE37kQvud

[stablewatch @stablewatchHQ]

Fastest growing Yield Bearing Vault in the past 7d?

@gauntlet_xyz's gtUSDa, with supply up +145.1% in the past week.

[Euthenos ♉︎ @Euthenos_]

I literally think about California’s geography permanently. You don’t know how privileged you are. It’s a perfect Olympia with a giant bay, a massive agricultural valley, diverse climates, southern niches for cities, a Mediterranean climate, and a wine region. Absolutely goated.

[Arbitrum Governance @arbitrumdao_gov]

5️⃣ @gauntlet_xyz

🏢 Organization: DeFi quantitative research firm, represented by Ryan Wegner (Head of Security)

🛠️ Background: Treasury and risk management, mechanism design specialist, active delegate in ArbitrumDAO, serves on Security Councils for Arbitrum, Scroll and Polygon

📝 Key focus: Data-driven risk assessment, vulnerability analysis, proactive threat identification, incident response

[𝗵𝘂𝗻𝘁𝗲𝗿 @BFreshHB]

sick lineup tbh

[Tnorm @t__norm]

@CoinbaseDuck @john_tv_locke Well said, duck. Well said

[Noah @TraderNoah]

A few hard to accept truths that I think the market can handle after the past couple years of performance:

1. Prices aren't cheap. The tokens down 80% aren't cheap. The things underperforming deserve to do so.

2. 80%+ people in this space are incompetent relative to their seniority in any other industry, and will be weeded out over time

3. Poor aggregate fund performance is a function of 1. a bad investable universe (tokens from 2018-2024) 2. bad fund managers

We need to accept that our industry isn't taken seriously because it historically hasn't deserved to be.

I'm optimistic about the future only because I think the excesses that needed to be shed after 2021 are only now finally starting to occur.

This is short-term painful and still may lead to most market participants' deaths that are still alive and kicking, but it's very likely necessary for "crypto" to succeed.