Ajay Bhat

Wandering, Music, Sports & Web3

[ZeruAI @zerufinance]

Building creator economy onchain from first principles.

Attention --> Attribution --> Incentives

Trust oracles solve this. Reach out to us to be amongst the first curators on Zaps - the behavior-centric Capital Allocation Network (CAN).

[Ashu @Ashutosh_Sahoo]

https://t.co/XyVXa84Gbx

[ZeruAI @zerufinance]

https://t.co/WrRF5aiRua

[Unlloo @unlloo_protocol]

Explore the anatomy of on-chain reputation: Our computation method using:
@HumnPassport @mywebacy @growthepie_eth @zerufinance @TalentProtocol @blockscout @OctavFi @ethos_network

https://t.co/NduUJX3T7F

[Ashu @Ashutosh_Sahoo]

https://t.co/pM5NRdwsBO

[Ajay Bhat @ZOON2]

@zerufinance @base Real activity. Real contributors. No bots, no sybils.
Zaps track what wallets actually do onchain. Active users earn automatically. Protocols finally have clean signal to build incentives on.
This is what behavior-centric capital coordination looks like in practice.

[ZeruAI @zerufinance]

Zaps - ZeruAI’s flagship app is live on @base

A behavior-centric capital coordination layer, zaps ⚡ are a measure of real economic activity onchain.

If you’re an active onchain user, you’re already earning Zaps.

What’s live for the Base ecosystem 👇

🔥 Base-exclusive zapperboard, ranking real contributors

🔥 Protocol heatmap showing where real activity is happening

🔥 Live zaps tracking once you mint your zScore

Apps can now design incentives based on actual contribution. No noise, no sybils, pure signal.

Check your Zaps: https://t.co/lfE1ZmN0bQ

Good behavior compounds. LFG ⚡️

[Ajay Bhat @ZOON2]

Every protocol running the 2021 tokenomics playbook today is one bad quarter or one exploit away from writing a post like Fernando's. @Balancer @balancerlabs @fcmartinelli @CoWSwap @LidoFinance @aave
My full response on the Balancer forum: https://t.co/LCdzfW3JsF

[Ajay Bhat @ZOON2]

Balancer had revenue, integrations, and a treasury. And it's still winding down its founding entity. That contradiction is the whole story. @fcmartinelli

[Ajay Bhat @ZOON2]

The November exploit didn't create the crisis. It just made it impossible to keep deferring it. The emissions trap, the treasury illusion, the corporate liability overhang, this is the standard AMM playbook and it has an expiry date built in.

[ZeruAI @zerufinance]

https://t.co/dGhUdu68IS

[Ajay Bhat @ZOON2]

Really well articulated piece, and the deposit cap issue deserves way more attention than it gets.
A few thoughts building on Yuvi’s framework:
On deposit caps: Yuvi is right that not having them is a fundamental gap, but I’d go one layer upstream. The capital bypassing curator vaults to hit high rates directly isn’t random. It’s a specific type of wallet behavior. Extraction-optimized, short time horizon, high sensitivity to rate differentials. A behavioral reputation filter at the point of entry doesn’t replace deposit caps, but it changes the composition of who gets in before the cap question even becomes relevant. Yuvi is solving for consequence. Borrower reputation is solving for likelihood of the same bad outcome.
On the IRM: the asymmetry Yuvi describes is a real design flaw and I think he’s right about smoothing around optimal. What’s underappreciated is that utilization volatility is partly endogenous to borrower quality. A borrower base with consistent long-term behavioral profiles creates more predictable utilization than one filled with rate arbitrageurs who leave the moment conditions shift. Better IRM design helps, but a more stable input makes any IRM more performant.
On oracles: Stream wasn’t primarily an oracle problem. It was a trust problem that the oracle had no way to see. Redemption rate, price oracle, neither gives you signal on whether the issuer is behaving consistently or whether redemption behavior is deteriorating before the freeze. That’s a behavioral layer that sits above oracle design entirely.
On Yuvi’s closing point about transparency: curators who can publish “here’s our borrower eligibility criteria, here’s the behavioral scoring behind our LTV tiers, here’s why our vault composition looks different from the one yielding 1% more” will be the ones still standing after the next cascade. Verifiable onchain methodology is the only thing that actually justifies a performance fee when things get rough.
This is exactly what we’re building at @zerufinance. Behavioral scores for 320M+ wallets derived from real economic activity, live on Etherscan, API-queryable. The residual risk shrinks considerably when you can see who’s actually in the vault.

[Ajay Bhat @ZOON2]

@StaniKulechov 150% collateral exists because DeFi doesn’t know who the borrower is.
When the collateral is a solar farm, that stops working.
Behavioral reputation is the missing layer in the $200T infrastructure thesis, @StaniKulechov.
Wrote a response: https://t.co/56oChxFBmx

[Ajay Bhat @ZOON2]

https://t.co/7Z7oDRMCOC

[Ajay Bhat @ZOON2]

https://t.co/7Z7oDRMCOC

[ZeruAI @zerufinance]

gm to everyone who uses DeFi every day and has never been rewarded for it

check your zScore → https://t.co/INorICOmGO

[ZeruAI @zerufinance]

Zaps ⚡️ - ZeruAI’s flagship app for behavior-based capital coordination is now available for @arbitrum ecosystem. Zaps are a measure of real economic activity onchain and allow apps to design incentives based on real contribution. No noise, pure signal.

If you are an active onchain user, you are already earning Zaps. And you can check them out on our app. An exclusive Zapperboard specific to Arbitrum is also live, along with a heatmap of top protocols.

(1/2) - links & FAQs in reply

[Ajay Bhat @ZOON2]

@zerufinance The consumer internet is personal. Internet money is not, yet.

Full article below. https://t.co/Ft1yAYpRzX

[Ajay Bhat @ZOON2]

https://t.co/DnuQnRr20m

[Ajay Bhat @ZOON2]

The internet spent 20 years learning who you are.
Your DeFi wallet still has no idea.
Same vault. Same APY. Same outcome as the bot that deposited yesterday.
That's not a product problem. It's an infrastructure problem. Here's what's missing, and who's building it.

[Ajay Bhat @ZOON2]

@zerufinance zScore is to onchain behavior what PageRank was to the web.
Not a product. Infrastructure. A signal layer that lets quality be recognized, rewarded, and compounded.
FICO did this for credit. But FICO is centralized, opaque, and requires identity. zScore is none of those things.