@relativeread @Cointelegraph Yes. They are essentially asking interfaces to dumb down and become less user-friendly. Aggregators stand to lose the most here
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Maria
3.4K posts
Maria
@HodlModel
Maria Matić | PhD candidate in Economics | Passionate about Cryptocurrencies | Canyoning | Crypto Analyst
Bergabung Mayıs 2018
3.1K Mengikuti3.5K Pengikut
@Cointelegraph No order routing? Are they retarded. You really want trades with the worst slippage possible?
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🇺🇸 JUST IN: SEC says certain crypto interfaces, including DeFi front-ends, wallet extensions, and apps, may operate without broker-dealer registration under conditions:
• No custody of user funds (self-custodial only)
• No investment advice or recommendations
• No order routing or execution
• Fixed, neutral fee structures only
• No discretion over transactions or market activity
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@phtevenstrong Jesus, so anyone holding short will start paying like 4% of their position size PER day just to stay open. What is HL's max funding cap?
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@HodlModel Here is the more or less rational funding rate curve (h/t Dingo in the Dojo for putting this together).
Right now, the funding is still irrationally low, but should get much lower later.
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@phtevenstrong Sounds like an interesting play. I hope that the "funding madness" is the most mispriced part of the entire equation, as you assume
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That's definitely a risk if you're using Boros to hedge.
I have an arguably insane set up, but we'll see if it pays off.
I'm long on WTI for the funding, while being short OIL and USOIL to hedge overall oil exposure.
It's a dirty hedge, but napkin math has it being profitable even though USOIL and OIL virtually always outperform WTI over any reasonable stretches of time.
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Where's the @yield coming from today? Sources with product-market fit: lending and staking.
According to @elmidou, "It's mostly a mature market. We have been saying that DeFi was not mature for many years, in terms of yield. It's maturing in the sense that it's allocating to the things that make the most sense."
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@sssionggg pls 1) put caps on what % of pool's SOL can be staked 2) put caps on large redemptions 3. isolate lending vaults further
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@KRMA_0 Assets stolen in dollars:
$5.3M USDS
$60.4M USDC
$5.65M USDT
$430K JUP
$540K USDY
$590K ZBTC
$680K EURC
$1M BSOL
$2.5M INF
$2M MSOL
$3.3M SYRUPUSDC
$4.1M FARTCOIN
$4.4M WBTC
$3.6M JITOSOL
$4.7M WETH
$4.5M DSOL
$11.3M CBBTC
$155.6M JPL
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It looks like Drift has been exploited!
HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES
Eesti
With the old rule if a broker held $100m in USDC, it counted as $0 toward their required capital reserves 💩. Now that same $100m in USDC counts as $98m toward their capital requirements. Suddenly it’s almost as good as cash. In other words, SEC now made USDC much more useful for big banks, which could send a wave of institutional money into crypto, particularly benefiting Solana.
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SEC just cut USDC regulatory haircut from 100% to 2% for broker-dealers. $100m in USDC now counts as $98m toward net capital requirements instead of zero. billions in trapped capital at traditional finance just got unlocked for deployment. the stablecoin mint acceleration on solana isn't speculation. it's front-running the capital unlock.
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YO protocol @yield has lost $3.7 million due to a bad swap of YoUSD.
In the following tx YoVault operator executed a swap of $3.84M stkGHO into just ~112k USDC. A Uniswap v4 LP captured the $3.7M difference. etherscan.io/tx/0x6aff59e80…
Several hours later Yo protocol's multisig bought ~3.71M GHO via CoW Swap and re-deposited stkGHO into the vault: etherscan.io/tx/0x50f62ffae…
The YoUSD market on Pendle was paused temporarily and re-enabled after the deposit.
Defimon Alerts@DefimonAlerts
💬 Onchain Message: This message is regarding an unintended swap that routed through your Uniswap v4 position today. We'd like to resolve this cooperatively and privately. Our proposal is that you retain 10% of the net proceeds as a bug bounty, and return the remainder to an address we provide. Please reply here or on X to @0scaronchain to coordinate. etherscan.io/tx/0x816cc2d41…
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Great write up, Bruno. And let's not forget Polkadot's epic fail during the aUSD de-pegging. They had the huge Treasury to bail out their only relevant DeFi kick-starter, but refused to spend a dime. They decided to be ideologically cheap to avoid setting a precedent instead of saving the ecosystem. Total self-sabotage.
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If you aren’t into Polkadot
What’s the worst issues you see with it?
DOT heads feel feee to respond
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@TheiaResearch Wrap a DAO! Coins cant be "onchain equity" if founders can sell underlying offchain asset. Ensure DAO is legally wrapped in Cayman, which allow ownerless entity to own assets & directors legally obliged to follow DAO decisions. New projects must have explicit IP assignment to DAO
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I hope that Coinbase and Tensor announced some type of compensation for TNSR tokens. In either case, it should be completely obvious to everybody by now that Onchain / Internet Capital Markets don't work without tokenholder protections.
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These things just made me sad
Omar@TheOneandOmsy
Some serious dissonance between Coinbase "coining" everything and paying token holders "nothing" in their Vector acquisition (built by Tensor) > TNSR token holders just had their best asset stripped and got ~$0 in return > If this continues, people will just stop buying tokens
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@B3nj4min_ETH Effective p/e would be lower after the initial burn though? (around 30x)
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The Uniswap fee switch looks bullish on the surface, and its a win for the tokenholders (finally) but the fundamentals deserve a hard reality check.
YTD Fees: $955M (Ann. $1.1B).
If protocol fees had been active this year, Uni would have generated roughly $150M annulised, roughly 15-16% of total fees based on fee-tier distribution and governance parameters.
Quick math (Dune data):
-> v2 fees (0.3%): LP fee 1/6 -> $164M *1/6 = $27M
-> v3 fees (Weighted avg 0.22%) -> protocol cut 0.33% -> $670M *0.15 = $100M.
Total = $127M, extrapolated to $150M for 2025.
Assuming sequencer fee is net of L1 Data already, thats $7.5M * 0.85 = $6.38M
Total fees = $156.38M
At current Uni price $8.50, MC at $5.375B, FDV at $7.65B after 100M burn announcement. Thats a P/E of 34x (or 50x by FDV), not cheap, pricing in a lot of growth.
Even with a $150M+ in fees all used for buybacks, thats a buyback yield of 2-3%, around $12M/month in buy pressure, meaningful but not transformative.
$UNI finally gets real cashflow, but its fragile, cyclical, and depends on LPs staying. Bullish structurally, but priced to more than perfection, and still not cheap.
Hayden Adams 🦄@haydenzadams
Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today! This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value At a high level, the proposal: 1. Turns on protocol fees and uses them to burn UNI 2. Sends @unichain sequencer fees to the UNI burn 3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch 4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol 5. Introduces "aggregator hooks” which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources 6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests ^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol 7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury 8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth @Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top I'm so grateful to the community that has made this all possible, and excited for what's next 🦄
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@GainsNetwork_io @0xPolygon @base I love gTrade stable vaults but @TradingProtocol numbers are completely off for those vaults?
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gTrade’s gUSDC vaults are ranking among the best stablecoin vaults on-chain 👀
🏆 #1 on @0xPolygon with +21% lifetime return
🌐 #15 across large vaults with +13% lifetime return on @base
See the full roundup here: tradingstrategy.ai/blog/the-best-…
Trading Strategy@TradingProtocol
1/ THE BEST PERFORMING DEFI VAULTS, SEPTEMBER 2025 Our monthly DeFi vault report is out. For the full ranking of 10,000+ vaults, read the report in the link or continue in the thread. Read the post or scroll for the thread tradingstrategy.ai/blog/the-best-… 👇👇👇
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🥇1st Place: @Anipy1 🎉
Built with @Breez_Tech SDK and Flutter, the winning wallet, turns onboarding into an interactive game. Users conquer the seed phrase as a quest and enjoy a full Lightning experience all wrapped in a Skibidi meme-filled UI. Playful and fully functional!
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We talk about making Bitcoin easy for grandmas but what about kids raised on tap, swipe, and memes?
That's why we launched Skibidi cash, a $8000 bounty to bring builders together and design a Bitcoin wallet for the next generation.
Today, we’re announcing the winners.🥇🥈🥉
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@eyezenhour One of the most underwhelming spaces I’ve ever listened to. SUI ambassadors doing motivational speeches and hand-holding instead of enabling useful questions and answers about the actual hack. The first few minutes were useful, the rest was a total waste of time
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@HodlModel @TradingProtocol @GainsNetwork_io @arbitrum Thank you Maria, are you the member of the team?
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1/ The @GainsNetwork_io market-making vaults are beasts
As an example gTrade USDC Polygon vault.
- If you had invested at the beginning of 2024, you would have now doubled your money
- Sharpe ~2
- Max drawdown 20%
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@kenjisrealm @TradingProtocol @GainsNetwork_io @arbitrum Yes, Base and Arb vaults have been better in the past 80 days. Polygon vault performed well last year
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