HeyHo
1.8K posts
HeyHo
@HeyHoCrypto
A brainless reply guy • Tweets for personal consumption • Plant-based diet • Tenbagger hunters #Positivity $BTC
As I said, "or any number you choose", big or small. Time to own it like a man and apologize. Don't try to divert topics, with more false attacks. Who is doing the "misled the public and lie to world?" "Binance stake" is none of your business. Anyway, wasted enough of my time already. Back to ignore mode. Not worth my time.
Curious thing: * If you enter when pools are imbalanced - you need more crvUSD. If TRD is -1%: you need 2% more crvUSD. If TRD is -15%: you need 32% more crvUSD when entering. Good for peg! * If you enter when pool are imbalanced - you can earn TRD back. E.g. entering at TRD=-15% and waiting till TRD=0 makes you realize +15% profit. A curious feature some might not know
@HeyHoCrypto @newmichwill I guess the bigger problem would be this one. However, the BTC in the pool would be sold in a little discount and this is what caughts the attention to bots.
Don’t jump off a moving train. If you are looking at the TRD in @yieldbasis and thinking about panicking, you need to understand how the plumbing works first. As you know. the goal of LEVAMM is to maintain debt at 50% of the LP total to eliminate Impermanent Loss. Here is what actually happened: > Arbitrageurs bought cheap BTC in DeFi and sold it into YieldBasis, leaving the pools heavy on Bitcoin. > On top of that, BTC’s price drop caused "leverage drift," pushing the debt-to-value ratio up. > To fix this, LEVAMM sells LP tokens at a discount to bring in crvUSD and rebalance that 50/50 ratio. But this takes time. Why? Because Curve processes prices at three speeds (last price, oracle MA, and price scale). Moving concentrated liquidity to the new price range is expensive. The system relies on trading fees and interest from the LEVAMM to fund that move. Right now, the protocol is in "defense mode," taking zero profits to build a cushion and migrate that liquidity. Even the WETH pool, which is usually more balanced, is seeing a high TRD because its liquidity is less concentrated, making the system agile but the divergence more visible. The health of the stablecoin is the main risk; if it depegs, the TRD increases. But withdrawing now is like jumping off a moving train. Volatility is exactly what creates the volume and fees needed to fund the rebalancing. There is no insolvency. It’s a processing period. We need to see volume in the pools; as long as they are moving, the system is working. Patience is the only play here.
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A vote to increase current 300M crvUSD allocation from @CurveFinance to @yieldbasis to 1B is now up! Please read how it will be used upon receiving and detailed analysis here: gov.curve.finance/t/increase-cre… curve.finance/dao/ethereum/p…