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@definikola

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DeFi research and risk at @BlockAnalitica . prev: @DeFiSaver . Writing about the latest developments in DeFi.

https://t.co/WuuCkEMoHT
Joined September 2021
Don't wanna be here? Send us removal request.
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@definikola
definikola
@definikola
4 months
Personal update: I'm excited to share that I'll be joining the @BlockAnalitica team to help manage risk across top-tier DeFi protocols. This means I'll be delving even deeper into DeFi, focusing on analyzing protocol mechanisms, designs, and sustainability. Expect even more of
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@definikola
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@definikola
3 years
Since everyone is asking about the risks of leveraged stETH-ETH position on @AaveAave (10% APY), even Cobie is wondering what could potentially go wrong with this strategy, I will explain my views on the sustainability and risks involved. @cobie you might want to see this. 🧵.
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3 years
Wondering what to do on Ethereum while transaction costs are *low*? Here is a suggestion: Create a DSProxy - smart contract wallet that lets you bundle multiple actions into one transaction! Examples: Multiswaps, (de)leveraging, loan shifts - all in 1-tx. Let’s dive in! 🧵👇
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1 year
An overview of @CurveFinance 's new lending liquidating AMM algorithm (LLAMMA) and $crvUSD stablecoin. How it works, a few A-HA understandings outside of the whitepaper, potential strategies for users, and a new UI offered by @DeFiSaver . CurveUSD docs we need. 👇 🧵 1/31
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@definikola
3 years
What’s new in Aave V3? Complete breakdown of Aave V3 new features following its recent launch on mainnets. - Portal - eMode - Isolation Mode - Risk Management Improvments - Optimizations Let’s dive in! 🧵👇 @AaveAave
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@definikola
2 years
Seems like DeFi Summer '20 yields are back, but in a more sustainable fashion: 1. @LiquityProtocol Trove + @ChickenBonds LUSD bond. ~20% APY 2. stETH strat on @eulerfinance . ~15% APY 3. Perpetual rebonding strat w/ LUSD. ~27% APY 4. @ConvexFinance bLUSD/3CRV pool. ~45% APY 🧵👇
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1 year
Interesting market dynamics in DeFi since TradFi yield joined the party, led by @MakerDAO DSR increase to 5%. TLDR: 1. DSR leading to LUSD sell pressure (peg <$1) 2. Increased LUSD redemptions in @LiquityProtocol 3. Troves getting redeemed at >180% ratio (despite 110% LR) 1/14
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@definikola
5 months
What's new in @Aave v4? Complete breakdown of proposed Aave v4 features. - Unified Liquidity Layer - Fuzzy-controlled interest rates - Liquidity premiums - Non-borrowable collateral - GHO soft Liquidations & redemptions - Opt-in interest in $GHO Expected to launch in 2025. 🧵
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@definikola
11 months
Seems like a new narrative in DeFi is emerging. Teams taking a step back and introducing more generalized versions of their protocols: - @MorphoLabs w/ Morpho Blue - @Uniswap w/ Uniswap v4 - @Synthetix_io w/ Synthetix V3 Narrative: "Synthetix v2 can be built on top of v3". 👇
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@definikola
3 years
Protocol #1 - @CurveFinance Curve is a DEX primarily for same-pegged assets (stablecoins, ETH/stETH, WBTC/renBTC, etc.) which implements StableSwap invariant designed to have significantly lower slippage for same-peg assets than many other prominent invariants (e.g. Uniswap).
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3 years
Protocol #2 - @ConvexFinance Since Convex protocol operates solely on top of @CurveFinance , it's recommended first to get to know Curve mechanisms I explained in the previous overview:
@definikola
definikola
@definikola
3 years
Protocol #1 - @CurveFinance Curve is a DEX primarily for same-pegged assets (stablecoins, ETH/stETH, WBTC/renBTC, etc.) which implements StableSwap invariant designed to have significantly lower slippage for same-peg assets than many other prominent invariants (e.g. Uniswap).
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2 years
The list of >10% APY strategies for ETH and stables to consider: 1. Leveraged stETH/ETH position on Aave v2 (11% APY). 2. Leveraged wstETH-B vault on Maker (>10% APY). 3. wstETH-B w/ DAI in yield protocols (~8% APY). Each is 1-click, and (can be) automated by @defisaver . 🧵👇.
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3 years
A thread of threads with all DeFi protocol overviews I wrote so far. Imagined as an extensive resource you can share with friends you are onboarding to DeFi and web3. This thread will be regularly updated with new protocols as I cover them, so make sure to bookmark it. A🧵.
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@definikola
3 months
Synthetix v3 is steadily rolling out. Here is a breakdown of all features the v3 system introduces (and a short history of @synthetix_io protocol development). - "Liquidity layer of DeFi" - CDP protocol with 0% interest + perps infra - Delta-neutral debt pool - Multi-collateral
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@definikola
1 year
As ETH Saver was introduced this week by the @defisaver team, I'd like to outline its rationale and a more technical background of it. ETH Saver is a leveraged ETH staking app focused on simplicity, transparency, and keeping the user in total control. 1/15
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1 year
New stablecoin protocol from @CurveFinance - CurveUSD going live on @defisaver in less than an hour. 👀 Couple more interesting points about $crvUSD to consider. 1/4 🧵👇
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@definikola
2 years
Recently did interesting research on - @ajnafi . Ajna is an immutable, oracle-less, permissionless, non-custodial new lending protocol w/ no governance, yet to be launched. It's a new primitive aiming to be the 'Uniswap of lending' by offering: *Automated Lending Markets.* 🧵
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3 years
@DeFiSaver also has a 1-click 3x leverage option available in the link below for anyone interested. All in one transaction. You can customize the following strategy as you wish too (edit amount, leverage):
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1 year
Oracle-free lending is becoming a thing in DeFi. Since there are already protocols offering this kind of borrowing ( @ajnafi , @blur_io 's Blend, @pwndao ), let's see how are they shifting the oracle dependency from core protocols to users (lenders). 1/9
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@definikola
3 years
Now, if you accept all the risks, here is a quick comparison of a few DeFi tools you can use for opening (leveraged) stETH/ETH position on @AaveAave :
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@definikola
3 years
Let’s explain the leverage strategy first. For each 1 ETH you can: 1. Flash loan 2 ETH (0% fee - Balancer) 2. Stake 3 ETH with Lido to receive ~3 stETH 3. Supply 3 stETH in Aave as collateral 4. Borrow 2 ETH 5. Repay FL Result: That’s a 3x leverage and ~10% APY on ETH atm.
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@definikola
1 year
Noah from @synthetix_io bringing up an nice idea at @stable_summit about having a synthetic asset (stablecoin) backed by a tokenized delta-neutral position, alongside new v3 ofc. 1. Open spot ETH long position + short the equivalent amount of ETH on Synthetix perps. 2. Tokenize
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@definikola
4 months
Trying to bring attention to this for some time now. Definitely not risk-free (nor fixed yield) but high DeFi yields are here even without taking the points upside into account. ETH yield with 100 ETH: - 30% APY on ETH at (lev-staking) USD yields with
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@definikola
1 year
Wanted to write about perpetual futures for a long time now. Here is an ELI5 on perpetual futures, how DEX perps differ from perps on CEXs, the current state of crypto derivatives, their usage in DeFi, and a little history of perps development. Knowledge sharing 🧵.
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@definikola
3 months
Is there an AI tool that takes an Ethereum address and gives a brief but concise summary of its onchain activity (and what it really is)? For example: "This account is: - likely connected to (alt account of) abc.eth based on xyz - a whale using blue-chip DeFi lending protocols
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@definikola
5 months
What's new in @LiquityProtocol v2? Complete breakdown of new Liquity v2 features. - User-set interest rates - ETH & LSTs as collateral - New stablecoin - $BOLD - Redemptions based on interest rates - No Recovery Mode (LR at 110%) - Immutable Expected to launch in Q3 2024.
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@definikola
7 months
Creating a leveraged position via @Aave v3 on L2 in one click ( @defisaver ) is now at $0.02. As @sassal0x likes to say, this is the gwei.
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3 years
Protocol #5 - @LidoFinance Lido protocol is ETH 2.0 liquid staking protocol that allows users to earn staking rewards on the (proof-of-stake) Beacon chain. - No locking of $ETH. - No need for maintaining staking infrastructure. - No deposit minimum. - Non-custodial.
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@definikola
3 years
Protocol #4 - @MakerDAO Maker is an OG lending protocol that makes it possible to generate so far the most adopted decentralized stablecoin - $DAI Anyone trying to get into DeFi, especially lending, should learn about the core principles of Maker and over-collateralization.
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2 years
Protocol #6 - @reflexerfinance Reflexer is a lending protocol behind $RAI - a decentralized automated stablecoin without a fixed redemption price (e.g. $1 as DAI/USDC/USDT), but with a variable redemption price, controlled by a PID controller based on RAI market price.
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@definikola
9 months
Following recent developments in the ETH staking ecosystem, including: - Ethereum (minority) client bug - Protocols using primary LST price (1:1) instead of market price - Introduction of @eigenlayer and restaking Decided to write a revised leveraged ETH staking risk analysis.
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3 years
Protocol #3 - @LiquityProtocol Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against $ETH as collateral. Loans are paid out in $LUSD (a USD pegged stablecoin) and need to maintain minimum collateral ratio of 110%.
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@definikola
3 years
Risk analysis of leveraged stETH/ETH strategy. 1. Borrow rates go up 2. Lido validators (big) slashing event 3. Liquidation hunting by whales 4. Curve stETH/ETH pool (dis)balance (depeg) 5. SC risks (including every dapp that has onboarded stETH) Explanation of each point👇.
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@definikola
7 months
Building tools, not empires. As of now, if you have a @Safe multisig (or not yet) you can simply go to @defisaver and use any blue chip DeFi lending protocol natively with Safe as a smart wallet.
@DeFiSaver
DeFi Saver
@DeFiSaver
7 months
DeFi Saver is now powered by @Safe . Starting today, Safes are natively supported and will be the default smart wallet for new users, introducing greater compatibility, enhanced security and improved UX. Read on for more details or check it out now at .
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4 months
Borrowing against ETH: - If you want a classic one + merit rewards -> @aave v3 (not sure if merit program is still ongoing tho) - If you want a classic no.2 + COMP rewards -> @compoundfinance v3 (USDC) - If you want fixed (gov-managed) borrow rate + SPK airdrop -> @sparkdotfi
@safetyth1rd
𝕯𝖆𝖓𝖌𝖊𝖗
@safetyth1rd
4 months
Best places to borrow against ETH?
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@definikola
3 years
Would also like to point to the Logris’s site with the initial post about this: Thanks, @LogrisTheBard for the valuable inputs!
Harvesting Interest Rate Spreads - Tokenomics Explained

April 15, 2022 Prior to the beacon chain I expected that the borrow rates on money markets like Compound and Aave would normalize to something close to the staking reward rate APR. They clearly have...

tokenomicsexplained.com
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@definikola
7 months
There is currently a nice $OP farming opportunity on @Aave v3 on Optimism since @Circle has started to incentivize migration to native $USDC across L2s. Opening an 11x leverage USDC/USDC position via @defisaver in Emode earns 86% at the moment. Keep in mind that the max USDC
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3 years
So why would someone dump ETH in Aave for < 0.5% yield regardless of what else is happening in DeFi? As Logris stated in his @EthfinanceR post: - other protocols using Aave and Compound as a parking place for idle capital as part of their ‘strategies’.
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@definikola
9 months
Five years ago there was a CDP Saver and you could sell your position instead of closing
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@definikola
3 years
The opportunity lies in the spread between Aave ETH variable borrow rate (1.25%) and stETH staking APR (4%). - Aave stETH LTV = 70% - Aave stETH Liquidation Threshold = 75% Leveraged 3x Position: 3 stETH / 2 ETH = 67% LTV. There’s even a little safety cushion in there.
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1 year
Very cool swag by @ensdomains at @EthCC !
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1 year
We've just shipped a fully non-custodial app for boosting the ETH staking APY in 1 click. No pooling of assets and no shared risk (full control). Users can choose their: - LST - Underlying protocol - Leverage Expect the thread explaining the rationale behind it very soon.
@DeFiSaver
DeFi Saver
@DeFiSaver
1 year
Introducing ETH Saver - a new home for all your leveraged staking needs. ETH Saver is a fully non-custodial app focused solely on leveraged staking and built on top of DeFi Saver. Powered by @LidoFinance , @Rocket_Pool , @CoinbaseAssets , @MorphoLabs , @AaveAave & @CompoundFinance .
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5 months
Alrighty, I'm going to frontrun the official announcement by @DeFiSaver . The Safe{Pass}, a points program by the @Safe team, officially started on May 23rd. Season 1 is Mainnet only. Ends on September 30th, with an expansion to more networks in the forthcoming seasons. TL;DR:
@Togbe0x
Togbe
@Togbe0x
5 months
some idle speculation you probably earn @safe points by using @DeFiSaver now since the accounts are set up as a 1/1 multisig
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1 year
Yup, that's the tweet. @bantg
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@definikola
3 years
Quick agenda: - Strategy explained - step by step. - Where does the APY come from? - Risks. - My thought on the tokenization of strategy. - How to create a leveraged stETH-ETH position.
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1 year
Really amazed by the projects the @PrivacyScaling team is working on. If you are wondering about ZK use cases (for dapps, too), I'd suggest checking some proof-of-concepts by the community contributors:
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@definikola
10 months
Decentralized trading and constant leverage strategy in DeFi. Extending the advantages of over-collateralization (beyond defying fractional reserve narrative), presenting different ways of gaining & managing leverage in DeFi, and introducing the constant leverage strategy. 1/20
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3 years
Portal. The Portal feature allows flow of supplied liquidity between Aave V3 markets across different networks. Aave V3 allows governance-approved bridges to burn aTokens on the source network while instantly minting them on the destination network.
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@definikola
2 years
What’s new in Compound V3? Complete breakdown of @compoundfinance V3 new features following its initial Mainnet launch with USDC as a base asset. - Single borrowable asset - Interest only in the base asset - New liquidation mechanism - Gap between CF & LT - Min. debt size 🧵👇
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@definikola
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@definikola
7 months
Leveraging sUSDe/DAI is now available on @MorphoLabs Blue protocol. This enables boosting sUSDe yield (if borrow rate < yield) and @ethena_labs shards up to 21x. This can now be done in one click at @defisaver . Keep in mind that the liquidity is low at the moment, however,
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6 months
Alright, fortunately, we have an open market to decide if the risks are worth it, either way, @MakerDAO just deployed new 100m of DAI into @MorphoLabs Blue protocol (with an option to extend this to 500m across multiple $sUSD and $USDe markets). This has essentially created some
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5 months
There is an arb opportunity right now if you have sUSD debt in @synthetix_io since it's trading below peg, considering that Synthetix has a fixed sUSD redemption price at $1. Or just buy sUSD if you believe it'll repeg for profit. Not sure if there are any protocols with sUSD as
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@definikola
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@definikola
3 years
It's an endless chain of position tokenization that is simply not sustainable (you can then tokenize your rari fuse position and use that token in another pool/platform as collateral, etc) and imposes too much risk with every new layer of tokenization.
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3 years
Lido validators slashing event. In this case, there will be less underlying ETH which would cause a stETH redemption rate to fall, disrupting the stETH/ETH ratio. At this very moment, this event would probably create a bigger splash in DeFi than most would think.
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@definikola
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@definikola
3 years
What I will be covering today: - What is DSProxy? - What are the main use-cases of DSProxy? - DSProxy security? - How DSProxy works? - What’s the diff. between smart contract wallets & EOAs? - How to create DSProxy?
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@definikola
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@definikola
4 months
Had a great time today at @ethbelgrade talking about latest developments in DeFi! 🫡
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@definikola
7 months
No, it's not an airdrop. And yes, it is pretty cool. 😎
@DeFiSaver
DeFi Saver
@DeFiSaver
7 months
Devs have been cooking and are now preparing for launch.🧑‍🍳 Going live on Thursday - stay tuned and see you then.
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@definikola
11 months
The team at @tokenterminal wrote one of the best internet vs blockchain network comparisons in terms of open standards and development phases I've read so far. According to the analogy, we are on the cusp of the Turning Point. Interesting similarities below. 👇
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@definikola
3 months
A bit of alpha now with the ETH ETF news. Long the ETH/BTC with zero borrowing fees while earning 10% on ETH, available at @eBTCprotocol . - Liquidation ratio at 110% (11x max leverage) - stETH as the only collateral - Incentives from @LidoFinance resulting in 10% APY - Bonus:
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@definikola
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@definikola
3 years
Validators stake a minimum of 32 ETH (close to 6 figures atm) and Lido takes huge caution when choosing its validators. I would emphasize @LidoFinance ’s transparency with the node operators here, too.
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3 years
One would expect that ETH borrow rates on money markets like Aave & Compound would normalize close to the staking APR, but that simply didn’t happen (yet). Why? - There is $4.5B of ETH supplied to Aave mainnet earning 0.32% (supply rate).
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@definikola
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@definikola
3 years
Is DSProxy safe to use? DSProxy contract was developed by DappHub and has been in use for a couple of years now across DeFi. There are currently 213k+ DSProxies deployed on Ethereum Mainnet. DSProxy Contract:
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@definikola
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@definikola
3 years
@DeFiSaver has this neat UI feature called Recipe Creator. Recipe Creator offers Drag&Drop combining of actions (ingredients) of different DeFi protocols into 1 tx (recipe). Furthermore, by turning on Simulation Mode you can try it with 100 ETH.
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3 years
High Efficiency Mode - eMode. eMode is designed to maximize capital efficiency when collateral and borrowed assets are correlated in price. - Higher Loan-To-Values. - Lower Liquidation Thresholds.
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3 years
DSProxy (aka Smart Wallet) is created by you, owned by you, and managed solely by you (your EOA*). The user always has full ownership of the contract and it can be treated as an extension of the user's own Ethereum address (EOA). *EOA - Externally Owned Account (e.g. metamask).
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@definikola
3 years
Tokenizing the strategy. I am not a fan of tokenizing the position itself in this case (like ETHMAXY or icETH) and then using that token as collateral elsewhere (probably in some permissionless lending platf) just to increase the APY as that increases the risks dramatically IMO.
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@definikola
10 months
Always glad to see the web3 community gatherings in Belgrade. Was indeed a nice chat about the ecosystem, building in the bear, and a 2023 retrospective. Kudos to @ethbelgrade team for the initiative, and to both @BogdanHabic and @ncerovac for the discussion.
@ethbelgrade
ETH Belgrade
@ethbelgrade
10 months
Last night was a perfect wrap-up of 2023. Dear community, thank you for being so supportive throughout the whole year. From January, we march even stronger! 💪
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3 years
@LidoFinance has also just proposed using Distributed Validator Technology. DVT combines validators into independent committees that propose and testify to blocks collectively, lowering the possibility of individual bad actors.
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The Next Chapter for Lido | Lido Finance

With the Ethereum Merge approaching, staking on the Beacon Chain is booming as expected. In this post, we address how we currently think about Lido's largest remaining issue as we approach the Merge...

blog.lido.fi
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@definikola
definikola
@definikola
3 years
DISCLAIMER: None of the above should be taken as investment advice. And as always DYOR before jumping in, I’m just trying to aggregate some data and thoughts here.
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@definikola
definikola
@definikola
7 months
Since it's a @base mania, friendly reminder that lending protocols like @Aave v3 and @CompoundFinance v3 are also live on Base, alongside @defisaver tools for easier position management. cc @jessepollak guess this should be more widely known
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@definikola
definikola
@definikola
2 years
Pretty active day on @DeFiSaver . Here's a sneak peek at a new Activity dashboard we're preparing in an effort to make Automation stats and transactions going through DeFi Saver even more transparent. 👀 Coming soon!
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@definikola
definikola
@definikola
3 years
I would also consider users who are not interested in the supply rate, and just want to borrow against their ETH. WBTC’s supply APY is at 0.01% ($1.8B supplied), so it’s obvious that some % of people want to borrow against their preferred collateral rather than use it for yield.
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@definikola
definikola
@definikola
3 years
Borrow rates go up. Note that ETH borrow rate on Aave was 0.43% prior to the stETH listing and has already surged up to 1.25% (peak at 2.38% at the end of March). However, I can’t see the risk of losing funds here, it’s the strategy sustainability that’s in question.
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@definikola
definikola
@definikola
1 year
Wen @DeFiSaver integration? Very soon. Btw Boost will be added later as a "recipe" since composite action is not possible due to the fact there is no callback to the deposit function. 31/31
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@definikola
definikola
@definikola
3 years
Curve stETH/ETH pool (dis)balance. Risk of a vast amount of ETH getting withdrawn from the pool. Possible reasons: - Higher ETH APYs on other yield farms - Incentives dry up - FUD The most unbalanced proportions were on September 11, 2021: - stETH (68%) - ETH (32%)
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@definikola
definikola
@definikola
10 months
Constant leverage in DeFi. Here I'd like to cover one specific strategy for setting the leverage-adjustment thresholds that @trustlessexp wrote about in his blog explaining: "How to lose 99.9% and still score 500x" (interesting read). 1/21
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How to lose 99.9% and still score a 500x

Getting aboard the rollercoaster of constant leverage strategies.

www.learnedtrustlessness.io
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@definikola
definikola
@definikola
3 years
Underlying assets are then bridged to the destination chain and deposited to Aave V3 lending pool in a deferred manner by the bridging solution. Example: User wants to migrate his 10k $DAI supplied from Aave V3 on Ethereum to Arbitrum. @HopProtocol used as bridge. 👇
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@definikola
definikola
@definikola
1 year
Borrow rate calculation. The interpretation of the formula: - when crvUSD price goes lower, the rate goes higher, and vice versa. - when PegKeeper debt goes lower, the rate goes higher, and vice versa. 28/31
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@definikola
definikola
@definikola
3 years
Liquidation hunting by whales. ‘These positions are public and whales could potentially go liquidation hunting on this market. IMO the arbitrage profit fighting against them is too high for this to be feasible, but maybe it wouldn't be if this market position grows another 10x.’
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@definikola
definikola
@definikola
5 months
This year's @ETHBelgrade agenda sparking some FOMO. On the 4th of June, I'll be talking about: - The Latest Developments in DeFi (2024 edition). Looking forward to all the discussions with the teams/builders that are coming!
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@definikola
definikola
@definikola
3 years
Here is how DSProxy works (1/3). 1. User creates DSProxy by calling build() function on the proxy registry. 2. New DSProxy contract is deployed (new address), but the owner of DSProxy is msg.sender address. Those are mapped in the DSProxy Registry contract.
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@definikola
definikola
@definikola
3 years
There are also some pre-made recipes for you to take a sneak peek of what is actually possible with Recipe Creator👀:
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@definikola
definikola
@definikola
3 years
This means you can use a single instance of your DSProxy wallet to interact with multiple DeFi protocols and dapps such as: Maker, DeFi Saver, Aave, Compound, Reflexer, etc. Composability at its finest.
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@definikola
definikola
@definikola
3 years
And finally, how to create DSProxy? One of the simpler ways is to go over to @DeFiSaver and find Create Smart Wallet button. Here 👉:
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@definikola
definikola
@definikola
1 year
Time to meet at @ethbelgrade . If you are still planning your presence at ETH conferences this year, let me suggest one. A lot of OG speakers and teams will be in Belgrade this June. cc @VitalikButerin
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@definikola
definikola
@definikola
1 year
Increased DeFi base yield. By increasing the DSR to 5%, MakerDAO created a new base yield for DeFi with everyone (including DAOs) rushing to tap into it. To avoid selling collateral, users searched for lending protocols with the lowest borrowing fees to create the spread. 2/14
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@definikola
definikola
@definikola
2 years
Convex bLUSD/3CRV pool. The LPs of bLUSD pool on @CurveFinance get the 3% chicken-in fee from @ChickenBonds in the form of $LUSD, resulting in a 45% vAPR on @ConvexFinance . Convex bLUSD pool is coming to DFS Smart Savings, enabling users to utilize auto-payback from SS as well.
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@definikola
definikola
@definikola
3 years
Knowledge-sharing at its finest frens! Look out for that #2 breakdown of this learning series where I will be writing about @ConvexFinance built solely on top of @CurveFinance .👀
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@definikola
definikola
@definikola
5 months
I'm speaking at @ethbelgrade next week about the latest developments in DeFi. Have a rough agenda ready, but curious what do you think is the topic I should not miss?
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@definikola
definikola
@definikola
3 years
stETH has been able to accurately hold the value of ETH, with the lowest drop in price being on March 24, 2021 (95.8% of ETH).
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Curve ETH/stETH balance

Free crypto analytics by and for the community. Access crypto data tools and blockchain analytics with 700,000+ dashboards covering DeFi, NFTs, and onchain data. Track meme coin metrics, DEX analys...

dune.com
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@definikola
definikola
@definikola
7 months
Introducing a new primitive on the protocol level is OK even if it adds new management complexity since you can build tools on top to make the experience more convenient (this is why we love DeFi). Doesn't matter if lending or AMMs. In their v3, @Uniswap introduced
@LiquityProtocol
Liquity
@LiquityProtocol
7 months
Liquity v2: Enhancing the borrowing experience Liquity v2's introduction of user-set interest rates brings an innovative approach to immutable, governance minimized protocols that are better adapted for more versatile market conditions ⚖️ But that's not all; let’s take a quick
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@definikola
definikola
@definikola
1 year
Interesting talk by @robert_lauko at @stable_summit about hedging with protected principal while offloading the volatility risk from the lending protocols. Looks like @LiquityProtocol v2 is coming.
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@definikola
definikola
@definikola
3 years
Example of Aave V3 eMode categories: - Category 0 (reserved): standard non-eMode. - Category 1 (stablecoins): DAI, USDC, USDT. - Category 2 (ETH): ETH, stETH, alETH. - Category 3 (BTC): WTBC, renBTC. There will be max 255 eMode categories (added by gov).
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@definikola
definikola
@definikola
1 year
the best @LiquityProtocol experience you will find live on @DeFiSaver
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@definikola
definikola
@definikola
2 months
Pretty volatile Monday it was. *Checks onchain data* Zero bad debt across major DeFi lending venues. (while TradFi crumbles with markets being down)
@BlockAnalitica
Block Analitica
@BlockAnalitica
2 months
Overview of liquidations across DeFi lending during the latest market downturn. TL;DR: - over $1.1B liquidated in all crypto - over $440m liquidated across major DeFi lending protocols - no bad debt in DeFi - ETH/BTC ratio is the lowest since April 2021 Full analysis below. 👇
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@definikola
definikola
@definikola
5 months
With the sUSDe yield increase to 37%, looping sUSD/DAI becomes very profitable again. Leverage of 12x gives ~300% APY in @MorphoLabs Blue, alongside 5x points/day boost. Max leverage is 17.6x.
@DeFiSaver
DeFi Saver
@DeFiSaver
5 months
📢Breaking news for yield seekers: The yield available from holding $sUSDe has been effectively raised to 37.2% by @ethena_labs reducing their retained portion to 20%. As a consequence of this, opening a leveraged sUSDe/DAI position via @MorphoLabs Blue currently earns over 400%
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@definikola
definikola
@definikola
3 months
One-click leverage management while your position stays on EOA. The creation of a smart wallet (1/1 @safe ) is completely abstracted and done under the hood with no additional transaction. Fam at @defisaver is building the next level of UX & AA the DeFi users need and deserve.
@_nikolajankovic
nikola_j (🛟,🛟)
@_nikolajankovic
3 months
The gang just shipped a cool UX improvement: People with Aave positions on EOAs can boost or repay in a single transaction (even if you never used DFS before) How come? 1. you sign a permit for relevant aTokens 2. you sign the Safe creation (which provides the extra needed
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@definikola
definikola
@definikola
1 year
Debt-In-Front automated strategy on @DeFiSaver . If debt-in-front reaches a user-configured threshold of X LUSD (e.g. 20m), the strategy would repay the position to increase the ratio by a defined percentage (e.g. +20%). More on the strategy once we release it (soon). 👀 14/14
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@definikola
definikola
@definikola
3 years
How Portal works? 1. Aave gov approves Hop protocol contracts for BRIDGE role. 2. User submits bridge tx to Hop protocol. 3. Hop protocol mints unbacked aTokens (aDAI) on Arbitrum, withdraws underlying asset (DAI) from Aave liquidity pool on Arb and sends it to user wallet.
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@definikola
definikola
@definikola
9 months
I just spent the most time on a thread and it got like 300 views. Need to reverse the algo.
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