dackblake

@0xPrince @antonttc @monarchlend

Vault based lending is not sustainable. Been telling you all from long time. It's the most flawed model out there. The curator (allocators) shouldn't have control of your liquidity. You should choose which strategy your liquidity sits in. Yes, it's a little overhead but that's the best way to protect your capital. And in the era of AI you can automate that decision making far better than these curator who will take care of their own best interest and not of lenders or borrowers. Stream Finance started questioning this model and Resolv proved it the second time. So if it happens third time don't blame protocol or curator. Blame yourself!

@dgt10011 @CryptoHayes

This is basically the worst thing that could have happened today Mondays going to be weird

TLDR: free markets find better rates → Higher utilization → Less idle capital → Higher yield

@lordjorx @Morpho Then get out of crypto and put money into NVIDIA, Google, Apple.

@dackblake @Morpho I'll give it a read. However, I prefer investing on actual good businesses not promises.

Don’t confuse a great protocol with a great investment. With $6.7 billion in TVL, @Morpho has proven it can dominate even in a mercenary market. However, we need to take a deeper look at the revenue switch we mentioned earlier today. They currently generate roughly $121 million in annualized interest, but exactly zero goes to the protocol. It all goes to LPs and curators. The only thing keeping the token’s $2B FDV alive is "narrative optionality", the hope that the fee switch will eventually be flipped. But this "hope" is mathematically dangerous: > The code allows for a 25% fee switch. At current numbers, that’s $30M in revenue. Even with a generous P/S ratio of 25, the "fair" valuation would be around $750M. If they only take 10%, the token would need to drop over 70% to reach a rational price. > Governance is controlled by a tiny group (essentially 4 entities). Gauntlet, one of the main voters, already earns $6M–$12M in fees as a curator. Why would they vote to give a slice of their pie to token holders? > The non-profit behind the protocol has spent hundreds of millions without a single audit. The CEO’s stance is clear: "reinvest everything." Translation: token holders are basically financing the protocol’s future while having zero say and zero yield. > Even the Apollo "buy-in" isn't what it seems. They are buying 90M tokens over 48 months (essentially buying the company through the back door), but it's happening via OTC deals directly from the treasury and the association. This doesn't create buy pressure on the open market. Meanwhile, a 23% increase in circulating supply is coming in the next few months and this buys will only absorb an 18% of this. Morpho is a 10/10 protocol that never needed a token. People are buying into a promise that, if ever formalized, would likely cause the price to collapse.

@jdorman81 Imagine being too shortsighted and not seeing the TAM for the product. 🤷🏽‍♂️

Another example of "good project, bad token" x.com/jdorman81/stat…

@angieedoee_ @faninvesting I feel like you could get better odds than that I’m seeing +300

@dackblake @faninvesting I use under dog and I have him with Kyle home run and a few others on underdog odds are different so +125

WBC baseball tonight in quarterfinals! ⚾️ - South Korea vs Dominican Republic at 6:30pm ET 🇰🇷 🇩🇴 - USA vs Canada at 8pm ET 🇺🇸 🇨🇦 Which bets you taking tonight??? Join our free Discord to see our bets for tonight: discord.gg/nrdbzVeR6u #WBC #USA

@angieedoee_ @faninvesting What odds did you get the bet at

@faninvesting Tatis home run

@bullishdumping @FarsideUK @JSeyff @EricBalchunas does this seem correct?

@FarsideUK How did they have 40 million of inflows with only 15m volume? Seems like an error

Blackrock's iShares Staked Ethereum Trust ETF added to the Farside ETF flow dashboard farside.co.uk/eth/

@FarsideUK will you guys update the ETH ETF sheet to include ETHB?

@DeanEigenmann @fundstrat So what do you think is investable right now?

And Trump: "The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it. The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money. The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of."

@olliegarch Easily @Morpho

the best team in crypto right now is ___________

@christophorusan @talkintokens @RobinhoodApp @Bitso Some banks totally could allocate some portion toward Morpho vaults. @SocieteGenerale is already doing that.

@dackblake @talkintokens @RobinhoodApp @Bitso Exiting. But what about U.S. banks?? Revolut seems a B vs a T on TVL from that end

Morpho is not just a lending protocol -It’s infrastructure -It’s a network -It’s an operating system -It’s the future of France for all of finance

@christophorusan @talkintokens @RobinhoodApp @Bitso Never heard of it but looks interesting. If Morpho integrates with NuBank/Revolut everything will go bonkers.

@dackblake @talkintokens @RobinhoodApp Cool cant wait, not as big, but these guys might be cool to look into as well @Bitso

@christophorusan @talkintokens @RobinhoodApp Robinhood L2 testnet is live. Once mainnet goes live, Morpho will for sure integrate same DeFi mullet playbook they did with Coinbase.

@talkintokens When integrations with @RobinhoodApp

@Crypto_Pranjal @DeFiSaver is this claimable through your UI?

Metamask $LINEA Reward Claim is Live! ✅ Claim here: app.merkl.xyz Just connect your EVM wallet, go to the “Dashboard” page, and you’ll see your LINEA tokens ready to claim. Looks like they’ve increased the total rewards. Earlier I was eligible for 270K LINEA, now it’s showing 383K. Probably adjusted after the recent price dip.

@antonttc @monarchlend Nothing in particular was just curious. I use @DeFiSaver mostly for borrowing UI.

@dackblake @monarchlend do you have anything in mind that you wish Morpho has on their borrow UI?

Anyone can supply / borrow from these markets on @monarchlend with no limitation. Welcome to DeFi.

@CoinbaseDuck Apollo scooping up all of the supply

Morpho was cheap and still cheap Aero is cheap. Happy accumulation.