1/ With the recent WBTC custody shakeup, a universal call for a new, decentralized wrapped BTC solution has emanated through DeFi.
In collaboration with the teams
@TheTNetwork
and
@thesis_co
, our team at Anthias Labs developed the following risk analysis of Threshold’s tBTC vs
We are excited to announce that Anthias has become the first
@NotionalFinance
Delegate for Notional’s new delegate program via a 350,000 NOTE delegation to Anthias!
If you would like to delegate your NOTE, consider reading our Delegate Profile and guiding principles here:
1/27 The first of Anthias’s year-end Medium pieces is live: The Future of DeFi Lending. A collaboration with
@pharosprotocol
,
@backlash_fi
,
@nukemloans
, and
@absurdfinance
Mega thread below with most of the major points. Link to the full piece here:
1/5 We are grateful and excited to be working with the Aave Community after receiving our first grant from
@AaveGrants
!
Read the thread below on what we are building for Aave with this grant🧵
📣Notional is launching a delegate program!📣
Want to get more involved in Notional governance?
Want to delegate your votes to someone else?
Now you can.
Update
#2
on
@UwU_Lend
x
@anthiasxyz
grant
#1
:
Data collection = commenced 🚀
Frontend integration = nearly set 🔮
Hoping to launch earlier than previously planned release date (June 30)🤞
🐟 Anthias x Euler eGP6 Update 🐟
Advanced filtering is now live on Anthias for
@eulerfinance
!
Users can now filter by both supplied and borrowed tokens as well as by liquidation health score. 👇
1/ What is the future of the stablecoin trilemma? In this research piece, our team at Anthias Labs collaborated with the team at
@ProtocolChi
to explore this question and more. Read the thread below or the full piece here 👇
1/9 In the next installment of Anthias’ year-end “Future of” series, we will be providing some thoughts on the future of liquid staking in collaboration with the team at
@LucidlyFinance
, who is building a suite of protocols to solve liquidity infrastructure on Ethereum mainnet.
⚡️Introducing the next paradigm in DeFi risk management⚡️
The Anthias team is excited to finally announce the Anthias Liquip Score: a new method of measuring liquidation probability.
Read on for a summary of this next step in DeFi risk management 👇
🐠 Anthias x Euler eGP6 Update 🐠
Wallet View is now live on Anthias for
@eulerfinance
!
Anthiae and Eulerians can now see an even more in-depth view of individual wallets! Read more here 👇
The Anthias team is honored to announce our third grant with the community at
@eulerfinance
!
Read the quick thread below for the details on what we are building in this grant 🧵👇
To the frens
@UwU_Lend
, the
@anthiasxyz
team is hyped to announce that our integration with UwU is complete 🙏
UwU x Anthias Grant
#1
= ✅
Read below for how you can use these tools today 🧵
Our first interesting wallet to monitor on
@ExactlyProtocol
!
Address: 0x466…4E06
Check below for some more info on the second-largest borrowing position on Exactly! 👇
Three new Anthias proposals for
@NotionalFinance
V3 are currently live on Snapshot!
Onboarding the following assets as collateral options:
$UNI
$LINK
$LDO
If you are a $NOTE holder, go vote! 🗳️
Join the Anthias team and
@MacroMate8
from
@eulerfinance
for a discussion on how to use the tools we recently launched for Euler Grant 6! 🐟
When: Friday, 1/20 @ 6PM UTC
👇
The Anthias team is excited to ofishally announce our new collaboration with
@ExactlyProtocol
!
Read the quick thread below to see how we will be supporting the frens at Exactly in this grant 🐟
The Anthias team is excited to share three new collateral asset onboarding proposals for
@NotionalFinance
V3:
$UNI - NIP-28
$LINK - NIP-29
$LDO - NIP -30
Check them out here:
🐟 New feature for
@AaveAave
on
@anthiasxyz
🐟
Our Aave fishers might notice a new view when they check out Anthias 👀
Check out how to use the new VaR view for Aave below 👇
3/9 This incredible growth has led to a series of conversations around the sustainability of Lido’s dominance and the future of liquid staking in the next crypto cycle.
26/27 Our team at Anthias has come to the conclusion that the next generation of DeFi lending will err heavily in one of two buckets 1) permissionless 2) undercollateralized. Along with these two theses, however, a focus on creating the best possible lender experience via prime
To the
@UwU_Lend
frens: shipping is at hand.
Update on UwU grant
#1
:
Smart contracts = inspected ✅
Data pipeline = configured ✅
Next up: Data collection commence!
More updates soon 🫡
.
@ExactlyProtocol
users can now view the Anthias x Exactly integration by going directly to !
Review the dashboards on desktop, and feel free to make an Anthias account for more Anthias account-specific features coming soon 🐟
And with that…
@ExactlyProtocol
Optimism markets are live on Anthias!
Exactly users can now monitor positions on the Exactly Optimism markets to more effectively manage liquidation risk and more. 🤝
Excited to announce our delegation application for
@MorphoLabs
! 🦋
If you’re interested in delegating your $MORPHO and/or want to read more about our delegate profile, read below 👇
🐟 Anthias X Euler eGP7 Update 🐟
Development is underway for the Anthias Alerts risk management notification system for
@eulerfinance
!
Check out the current designs below 👇
Notional V3 is live on
@arbitrum
! Congrats to the team at
@NotionalFinance
. The Anthias team is excited to continue its support of Notional as it launches to Mainnet and beyond 🚀
9/27 Nuk'em Loans' founder DeFiKash shares a similar vision for permissionless structures that allow for the creation of lending markets for any asset. One might wonder, however, how this idea could possibly function in practice. Would this not lead to the creation of myriad
🐟 Anthias x Euler eGP6 Update 🐟
VaR mode has been shipped 🙏
Go check out “VaR View” on the Euler section of , and begin reviewing Value at Risk!
Also, check the Anthias Takeaway to read your simulation in plain English 🤝
@eulerfinance
27/27 Thanks for reading through until the end. Do you agree with these theses? Disagree? Ambivalent? Please feel free to share your thoughts here or reach out to our team directly to discuss. - Anthias Labs team 🐟
2/4 With this advanced token filtering, if you are a $LINK holder, for ex., you might check Anthias to see who is supplying $LINK on Euler.
If the suppliers are whales close to liquidation, you may make a capital allocation decision based on this information (or you may not!)
Anthias x
@eulerfinance
eGP7 Update 🐟
To our frenz at Euler: we are bullish on a comeback.
We have continued work on eGP7 and finalized notification setup for liquidations and accounts at risk of liquidation.
#fishon
1/6 We are grateful and excited to have been approved for our second grant from the
@eulerfinance
community!
Read the quick thread below on how this grant will benefit the Euler community 🧵
🐟 Anthias X
@ExactlyProtocol
Grant Update 🐟
1. Exactly contracts inspected and data pipeline configured ✅
2. Node running to collect data from Exactly protocol ✅
3. Data uploaded to Anthias backend ✅
2/27 In the past year, since the collapse of FTX and the $BTC low at about $15,700 in November of 2023, TVLs on Aave and Compound, two of the largest and most well-respected DeFi lending platforms, have increased by about 59% and 43% respectively.
Our first grant with
@ExactlyProtocol
= complete ✅
Thank you to the Exactly team for all your support. It’s been awesome to work on this with you all
@GabrielGruber
@rrodriguezpilar
@cruzdanilo
+ full team 🙏
Looking forward to continuing to iterate on this for the Exactly fam
Gm
@ExactlyProtocol
frens ☀️
Have you checked the steady increase in active positions on Exactly Optimism?
(Now over 24,000 positions!)
Check the Exactly view on Anthias:
#fishon
🐟
6/27 We have collaborated with the following nascent lending/credit platforms for this research piece: Pharos Protocol, Backlash, Nukem Loans, and Absurd Finance. With these four pre-product teams, we wanted to understand the theses that the next generation of lending platforms
Two new collateral asset onboarding proposals by the
@anthiasxyz
team for
@NotionalFinance
V3: $RDNT & $ARB!
Check out the proposals on the Notional governance forum here:
In the past month, through the collapse of FTX and the unprecedented market drawdown, wallets supplying collateral on
@AaveAave
has increased almost 7%.
DeFi = bullish 🫡
-Insights via Defishy Historical 🐟
@AaveGrants
Gm fishers- it’s a tough day for our friends
@eulerfinance
, as Euler was hit with a large flash loan attack today. We will continue to support the community through this tough time. Here is a little of what we know so far:
23/27 These two theses, however, are both borrower-focused. They are as important as nurturing the necessary counterparty to any loan: the lender. The team at Backlash is building a new lending protocol with the sole focus of achieving the highest possible APY.
On the premise
Our team at Anthias Labs is excited to announce our recent grant from
@compoundgrants
! More in the brief thread below about what this grant will accomplish for the community at
@compoundfinance
👇
Our team at Anthias Labs is proud to announce the launch of
@Argo_xyz
! We are very grateful to the
@SteakCapital
team for being incredible partners in the development of Argo. Much more to come
1/ Announcing the launch of Argo Network V1: The Hub for Restaking. Read more below for how Argo will help you capitalize on this next wave of LRTs and restaking 👇
Our team at Anthias Labs is excited to share our recent approval for our first grant with
@SolanaFndn
via Solana Grants! Read on to see what we will be building to help accelerate
@solana
👇
Excited to announce our first collaboration with the one and only
@compoundfinance
!
Check this quick thread to see what we are building for the Compound community with this grant 👇
3/27 A quick glance at these two TVL charts would likely lead one to the assumption that DeFi lending has seen its zenith, that DeFi lending's prime days are far behind. However, these percentages show otherwise.
DeFi lending is a space that has proven effective for allowing
3/5 Using the Anthias takeaway below, a fisher can see that in the next month, based on the volatility of this user’s holdings, this wallet has a 35% chance of liquidation.
Next up: Fully finalize data pipeline, apply Anthias liquidation health metric, and create frontend display ⏭️
On track to ship before set delivery date 🥳
Anthias x
@compoundfinance
grant update 2/12/24!
Liquip Score backend development is underway and will be live in the next 2-3 weeks. From here, once Milestone 2 is shipped, our team will begin reaching out to Compound community members for Milestone 3, the final milestone! 🙏
16/27 Such a method, on one hand, is very helpful for traders that seek to take net short or long positions on their favorite assets; on the other hand, it lacks the capital efficiency of an uncollateralized loan.
The Anthias team is excited to finally announce the launch of Anthias 2.0.
Our newly overhauled platform will allow us to do even more lending market risk management. Here is a quick breakdown of Anthias 2.0👇
13/27 Part 2 - Un/Under-Collateralized
The second thesis that we determined lending / borrowing markets will lean to in this next cycle is under or un-collateralized lending. The team at Absurd Finance, which is a creating a self-custodial credit card that will interact with a
3/4 With the advanced liquidation health score filtering, you may want to see only whales with a health score between 1.2 and 1.5, for example.
From this information, you can begin to form some theses about the health of the market as a whole. ⚕️
17/27 To bridge this gap, DeFi must evolve in two critical areas. Firstly, introducing Know Your Customer (KYC) where necessary. While retaining some level of trustlessness, incorporating KYC can set the basis for legal accountability and a deeper integration with TradFi.
15/27 DeFi, on the other hand, has predominantly developed around over-collateralized lending, primarily due to the challenges posed by blockchain's pseudonymous nature and the absence of a robust method for assessing creditworthiness.
Coming soon to an Anthias frontend near you…
@spark_protocol
x
@anthiasxyz
integration continues.
Frontend devs are nearing the release of the Spark View on Anthias, so all Spark users can more easily manage position risk 🔥
2/6 We completed our first grant for Euler (the first ever Euler grant eGP1!) in September of 2022.
eGP1 was focused on democratizing current borrower health data to protect Euler users from potential liquidation cascades. 🌊
3/6 This grant also included a graph plot view, unique to Euler, which allows users to visualize the borrowing health of the protocol as a whole. 🕵️♂️
5/27 The Premise of this Piece
With this belief, our team launched Anthias in June of 2022 to initially build risk management tools for lending market communities. While our team has worked with some of the largest players in the space, through this brief research piece, we
Update:
@anthiasxyz
X
@spark_protocol
Integration is underway. Devs are devving.
Spark smart contract inspection ✔️
Run node to obtain Spark data 🔜
🐟 X 🔥 = 🤝
@MakerDAO
22/27 Until then, we can observe institutional KYC lending options like Maple Finance and TrueFi as a potential harbinger of the potential for the uncollateralized or undercollateralized thesis to prove true.
8/27 Part 1 - Permissionless
The first thesis that we determined lending / borrowing markets will lean into during this next cycle is the permissionless creation of new lending markets.
The Pharos team is developing a protocol to disrupt the status quo of DeFi lending by
5/5 This tweet was in collaboration with
@warden_finance
, who do great risk management for Euler! We will continue to promote risk management in DeFi together to make DeFi even more safe, secure, and productive for all. 🐟
4/27 If these brief anecdotes can tell the DeFi-interested anything, it is that DeFi lending is only gaining deeper roots in decentralized finance and finance as a whole.
5/6 eGP6 will also provide more in-depth filtering mechanisms (filtering by collateral type, etc), so users can see which specific assets are most at risk of being liquidated.
14/27 With the Absurd team, we dove into what has made TradFi lending functional and how DeFi lending might evolve based on those principles. TradFi operates on the premise of leveraging creditworthiness, resulting in an increased buying power for the borrower. This model relies
4/5 It is interesting to note on Warden the amount of transactions (borrowing, supplying, and withdrawing) that this user is making—potentially showing that this user is not taking a passive approach and can actively manage to maximize gains while avoiding liquidation.
Defishy x
@AaveGrants
is live ‼️
Our apologies for the late response time for anyone who has not seen the launch yet—our team has been waist-deep in the oceans of Aave data. 🌊
Anthias x
@eulerfinance
eGP7 Update 🐟
To our frenz at Euler: we are bullish on a comeback.
We have continued work on eGP7 and finalized notification setup for liquidations and accounts at risk of liquidation.
#fishon