Tutu

Спящий. Грустный. Вечно. Тупой.

[J trader @jtrader]

FOMC today

[alexander @wagmiAlexander]

In decentralized systems, effective economic design that balances and aligns the incentives of all stakeholders is as important as the code itself.

The history of DEXs is painted with failures to develop a comprehensive solution to the DEX Trilemma... until now.

🧵👇

[Winters 🐺👻|| Vkraine @Thee_marked_one]

#WARNO

Z A P A D ' 8 9

Base art by @justafrontSHAW

[Crypto Drifter @CryptoDrifterr]

@rasgard_lodbrok This isn't a thing. Stop misleading people for engagement.

[Tindorr 🌯 @0xTindorr]

I thought my LST yield on Pendle was one of the best.

But I was wrong. There is always a new opportunity in the Pendle ecosystem.

You can get 56% APY on ETH with the newest integration on Pendle's LST. 🧠 🎇

Now it is the best yield on single-sided LST farming. 🔥

Here is what recently happened with Pendle ecosystem and some alphas: 👇🏻

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🏁 When @Penpiexyz_io integrates with @pendle_fi, it is a disruptive move because everyone can get higher yield from the boosting yield feature on Penpie.

Example:

▶︎ On Pendle, you can get 7.46% APY on ETH by providing liquidity to PT-wstETH/wstETH

▶︎ When boosted on Penpie, the yield increases to 9.72% APY on ETH

Everyone agrees that getting almost 10% APR on a major asset like ETH is good enough.

But WHAT IF there is a gigabrain that innovates on top of Penpie, bringing yield to the highest level. It will be the new breakthrough moment.

Now we have reached this certain point.

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@stellaxyz_ just released the leveraged LST strategy on Pendle and Penpie. Users can leverage up to 10x on liquidity providing to Penpie.

The APR on ETH is 56%, this is the highest yield I can find on-chain right now.

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✍️ The reasons why I feel comfortable using this leverage strategy:

▶︎ The yield is organic, and I understand how the yield comes from. Stella enables users to borrow more ETH and convert it to wstETH to deposit on Pendle via Penpie, which is boosted.

▶︎ The liquidation risk is relatively small because you provide ETH as collateral and borrow ETH against it. The only liquidation case I can think of is when wstETH or PT wstETH depegs from its real value.

▶︎ There is barely any impermanent loss since the pool consists of wstETH and PT-wstETH. The PT token will eventually have the same value as its original token.

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✨ How to open a leveraged position on Stella:

▶︎ Go to the Stella app and find the wstETH pool with the Penpie logo.

▶︎ I suggest leveraging slightly under 10x to prevent the debt ratio from going over 100% and causing liquidation.
✨ How to open a leveraged position on Stella:

▶︎ Go to the Stella app and find the wstETH pool with the Penpie logo.
▶︎ I suggest leveraging slightly under 10x to prevent the debt ratio from going over 100% and causing liquidation.

If you try the leveraged strategy and have any questions, feel free to comment or dm me.

Also, please like and retweet if you think this content provides you with some insights.

[Tutu @Tutu1sa]

I'm binding my Twitter account to my Web3 Profile on @DeBankDeFi

https://t.co/VxaYRdHDqv

0xe715280b1fcec34eb7363c6817b2ab798f4db7bb

#DeBank

[DeFi Cheetah - e/acc @DeFi_Cheetah]

This 🧵 recaps @fraxfinance products and synergy in-between. They exist for good reasons.

After reading this 🧵, you’ll be able to answer the following questions:
- Why are there so many different products on @fraxfinance?
- How are they intertwined?
- What’s the rationale of creating Fraxchain?
…
👇🏻👇🏻👇🏻

$FRAX stablecoin: deep liquidity bootstrapped via @CurveFinance’s voting gauge and bribery system

Fraxlend: building upon $FRAX deep liquidity to enable people to do the borrowing/leveraging, ie enlarging exposure to the collateral by borrowing $FRAX in loops (without deep liquidity, selling pressure could cause $FRAX to depeg)
- it’s equivalent to minting $FRAX directly backed by those collateral types with different caps according to their risk levels
- Note: though all $FRAX holders can deposit and earn interests, some $FRAX are minted by its AMO, with no interest payments to be split to lenders. Thus Fraxlend is more profitable than other lending protocols with the similar borrowed amount

$frxETH: a LSD business leveraging @CurveFinance’s voting gauge to create a flywheel causing the highest staking reward
- most importantly, its LSD business has been expanding fast by having sfrxETH to be accepted by Fraxlend as collateral to borrow $FRAX
- in other words, frxETH market share is boosted by leveraged offer by Fraxlend which makes good use of $FRAX deep on-chain liquidity to offer leveraging to sfrxETH holders
- With the launch of Frax v3 @samkazemian said as $FRAX yields will be subsidized by RWA, more bribes and voting gauge will go to $frxETH AMM pools, increasing yield-farming APR using $frxETH and its ‘monetary premium’ (explained below)

Fraxswap: the 1st TWAMM that breaks a large trade into many small sub-orders which trade against AMM at an even rate over time, facilitating its buyback program and AMO that maintains the $FRAX peg while saving gas and trading fees on other AMMs

Fraxferry: a cross-chain bridge that protects $FRAX holders from any bridging risks (see @MultichainOrg), and facilitates $FRAX to be the ‘multi-chain species’

Upcoming:

Fraxchain: it is to further increase $frxETH monetary premium
- more $frxETH tokens are used as gas, the less $frxETH tokens are staked as sfrxETH and so less of the total $ETH supply is sharing the entirety of the POS yield from validators, driving up the yields by sfrxETH.
- It is now collaborating with @EspressoSys to build a real L2 - as an ecosystem that has the ability to always give developers access to the best interest rate yields, whether that's $frxETH or $FRAX

Frax v3: unlike @MakerDAO’s approach to RWA by being heavily exposed to @centrifuge’s private loans, it only taps into Fed yield by bearing the minimal custodial risks of holding assets at the actual issuer of the thing it’s pegging to which is the USD
- as treasury bills’ yield is channeled in Frax pairs, some bribes and voting gauge to $FRAX pools will then be directed to $frxETH pools to further increase $frxETH monetary premium again and thus sfrxETH APR as well.

bAMM: the unique lending and liquidity system that's kind of similar to CRVUSD's LLAMMA, maintaining the peg of $FRAX without relying on oracles

[Faro @FaroTrading]

Want a break from pearl hunting this weekend? 💎

The Aquanauts will be chilling at Swell Beach Club, where the breeze is always refreshing and the pearl giveaways are plentiful! 🐸 🏖️

All you need is 1 swETH to join them:

https://t.co/myEDXBDHiU

[Tutu @Tutu1sa]

https://t.co/vVVGMvXVAK

[Tutu @Tutu1sa]

I've collected pearls in the @swellnetworkio Voyage Airdrop 💎

Claim $SWELL tokens with pearls when the voyage ends

Get pearls by staking ETH:

https://t.co/B3S5snNlfe

My personal code: CbVuEpTDXn6aKaH6

[DefiMoon 🌕📊📈📰 @DefiMoon]

$crvUSD 33m 📈

[tobbykitty.eth @TobbyKitty]

Just loaded some $CRV $CVX and $CNC on Pride month.

[Emperor Osmo 🎯 @Flowslikeosmo]

Don't fade the #Cosmos!

Dev Activity recently surpassed Ethereum.

Here's 15 reasons to be bullish on the Cosmos Ecosystem.🧵👇

[olimpio @OlimpioCrypto]

This is everything that's wrong with airdrops

[NEON Protocol 🟡 @NEONprotocolio]

It is what it is

[Tutu @Tutu1sa]

Just joined the Scroll guild. Continuing my brave quest to explore all corners of web3!
https://t.co/9lE9o6OpE9 @guildxyz

[Viperr @viperr]

Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing.

Also me:

[Factor @Factor_fi]

To stake $FCTR and lock it for $veFCTR go to: https://t.co/mEPurgAjK1

Staking is a straightforward process, select the amount of $FCTR to lock and the lock period (from 1 day to 4 years in 2-week increments).

Here is a brief video showing how to stake.

/2

[MUX Protocol @muxprotocol]

🥳 We are excited to announce that we are partnering up with @layer3xyz for Trading Quest!

⏲️ Quest Time: 11am EST, Jan.31 - 11am EST, Feb. 3

✅ Get ready to complete the quest challenges at https://t.co/TMrHSX8KL1

[Tutu @Tutu1sa]

Meet me at the @layer3xyz Haunted House 👻 Current Status: Alive

[Layer3 @layer3xyz]

The abandoned house beckons from down the street.

A voice rings out from inside...curious, you take a few steps towards the door.

Spooky treasures await 🦇

https://t.co/ndTpqPbBXC