FTX killed people. It killed their livelihoods, it drove some to the edge, it destroyed entire businesses and depressed an entire industry
LTCM nearly did the same in TradFi
This shows how DeFi is not just "cool", it is necessary. So why hasn't it been adopted? 🧵
I have been in crypto for many years since at least 2014. Heavily invested in Cake🚀 and have been involved in many IDOs, follow me if you want to keep up with the
#bsc
#defi
and general
#crypto
space!💵
Super happy to be joining the Thiel Fellowship Class of '24!
Thank you to our early backers who helped us push
@StreamDefi
out and build it from an idea into a cracked team. I look forward to building out DeFi products that can outcompete CeFi and bring mass adoption!
The Curve Situation is multi faceted and complex, and I review it in depth on this medium
TLDR: Mich should never have had this much leverage, but he may be able to get out still
Most people making RWA protocols seem to not really understand what the value add is
Inherently adding liquid (bonds, stocks, etc) assets onto a non-native medium is more costly and less competitive
RWAs are an access and a liquidity play
Make illiquid stuff liquid and let
Stream is now on
@base
!
Base needs no introduction,
It is
@coinbase
incubated ETH L2 with low fees, a robust ecosystem, and high TPS
Our launch on base allows users to take advantage of low fees, while Stream can integrate into local protocols, further boosting the ecosystem
While TVL is not everything it is putting your money where your mouth is
We are incredibly grateful to all of the new depositors we have gained and to our growing community
We look forward to continuing to build out the future of finance :)
Excited to have launched on
@avax
and
@arbitrum
!
More multi-chain expansion soon on roadmap for next week
TVL up 185%, ppl like the product and we will continue to improve it!
Weekly Update 🎊
USDC: 27% Annualized
ETH: 7% Annualized
BTC: 3% Annualized
TVL grew from $5.22M to $14.9M, or 185% growth WoW. Monthly TVL growth is 500%.
Deployed to
@arbitrum
and
@avax
w lower fees!
Lower yields attributable to caution around testing of new strategy.
Was great talking at
@oregonblock
, really impressed by the quality of people and depth of knowledge in everything from ML/crypto to liquidity and consensus
@larry0x
@thedefivillain
You are assuming EMH in crypto which does not make sense
Markets are defined by participants, crypto is left and right skewed when it comes to risk. MMs / carry traders are in the middle.
You can run the math yourself on funding rates v lending rates, trade exists easily
@lex_node
Originally raised 275,000 ETH. ~87,000 left, of which ~60k will be claimed.
Aragon succeeded in taking 215,000 ETH from its investors via this sham and hefty salaries
Farming in my Karak farm which has Renzo eth which is deposited to earn yield on (insert protocol) while earning Eigenlayer points while using it as leverage to buy Boden
Life is simple
Where did the idea for
@StreamDefi
come from?
From experience.
While working at
@ambergroup_io
,
@galaxyhq
and at my own firm
@PatagonLLC
, I noticed the issues with the existing on-chain infrastructure.
Without capital efficiency, DeFi cannot be a viable alternative to CeFi
This is a snapshot taking just before the redemption went live. Well over half of all wANT at the time and far more tokens than have ever voted in for one side of a proposal. This is a blatant lie.
Also, no comment on accelerated vesting?
📉 In contrast, only ≈1.6M wANT held by those accounts voted in the proposal. Interestingly, several of them have participated in the redemption process right after voting in the DAO 🤔
Do you like your yield automated? Yield
Yield
Did you get liquidated because you didn't properly actively manage? Yield
Yield
Are you tired of ponzis and want real yield? Real
Real
Best yield is at Origami. Wagmi
Wagmi
🔸NEW 11x WSTETH VAULT IS LIVE🔸
For lov-wstETH:
💠 Get 11x staking yield on Lido
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💠 Deep WETH lender liquidity via Spark
Powered by
@lidofinance
,
@sparkdotfi
&
@1inch
Fully automated by
People saying you shouldn't be a single issue voter are stupid
People are literally in this industry and have no idea how to do it properly. There are some good ground rules and general tips but you can follow all of them and still get served a Wells Notice
When people's
In order to beat MEV and Toxic Flow, you harness it and become it.
Binance does not suffer from toxic flow, it benefits from it as the most efficient exchange.
So how can a DeFi platform compete? I explain that in this medium
We are building the future of finance
That is the point of crypto
Stream makes it a potential reality by increasing capital efficiency, lower fees and improving liquidity
A DEX that can compete against a CEX and win.
That is what we are building and will deliver.
The first yield bearing, MEV recapturing, low funding rate by-design DEX
Secured by
@eigenlayer
using
@EthosStake
AVS
Safe bridging with
@noble_xyz
, trusted by Circle and Market Makers
This is Stream, the end-all liquidity layer for perpetuals👇🧵
Delorean Testnet is off the mark 🏎️
We're thrilled to announce
@StreamDefi
's integration with Delorean.
Through Ethos, Stream can leverage the security of ETH to build a capital-efficient settlement layer for its perps DEX, designed to minimize funding rates and recapture MEV.
Week 4 Update 🎊
This was still a good day for Stream vaults. Due to high rates and perps-perps arbitrage experiments, the vault realized incredible annualized returns of 89.46%, 45.56% and 24.24% on USDC, ETH, wBTC.
No deposits or withdrawals. TVL at 3.12M
A few years ago on a business trip with my dad, I went to Dubai
While I was amazed at how advanced and crypto accepting people were, I was appalled by how misogynistic people were, ignoring a businesswoman the entire conference
Karma is a bitch. They invested in Chinese RE
Ethena has a yield problem, and it is not the kind you expect.
@ethena_labs
has $2.37B and is roughly 20% of ETH OI. This is already the upper limit of what something like Ethena will be able to do before the music stops and it is forced to adapt
The best advice I ever received was from Jeff Bezos when I asked him what his plans were
He said he didn’t really have any plans, but wanted to react to what he felt he could do well
We tend to over-plan and underdeliver
The first yield bearing, MEV recapturing, low funding rate by-design DEX
Secured by
@eigenlayer
using
@EthosStake
AVS
Safe bridging with
@noble_xyz
, trusted by Circle and Market Makers
This is Stream, the end-all liquidity layer for perpetuals👇🧵