justin
376 posts
justin
@Macro_Justin
janitor @AsymmetryFin @SunbeamMoney. formerly @SiloFinance @ShapeShift. macro enthusiast. go outside.
Katılım Haziran 2021
985 Takip Edilen5.3K Takipçiler
someone at @yearnfi decided to name this strategy a "Lender Borrower" ... yea
anyways, deployed one for USDaf's tBTC branch the other day. seems to be earning ~3.5% of tBTC rn
unaudited contract @ etherscan.io/address/0x6dec…
johnnyonline@johnnyonline_
we did build a @yearnfi vault that (1) takes in a collateral asset (2) mints crvUSD and (3) lends it to yvcrvUSD-2. deployed here etherscan.io/address/0xdb0a… (pls do not ape though, just sharing it if someone’s curious to look through the code) maybe worth getting it back online
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I've weighed in and put forward a few paths towards revenue sharing for $veASF and $ASF
If you're an ASF holder, please read up and get involved
gov.asymmetry.finance/t/enhancing-ut…
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The most important thing for BTC holders is to protect their stack, followed closely by growing it.
Soon you can do just that. But unlike the CeFi lenders of last cycle, this is real, onchain, verifiable, transparent, permissionless BTC yield.
Thanks to Sunbeam. Coming soon…
Asymmetry@asymmetryfin
Introducing @SunbeamBTC — The Bitcoin Savings Account (fka the Secret BTC Yield Product) Coming Soon — built with @yearnfi More information in Today's AMA
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USDaf hits Day 50...
- Asymmetry Revenue - $0 -> $1.18m/yr
- Asymmetry TVL - $12.1m -> $40.05m
- USDaf TVL - $0 -> $21.5m
- sUSDaf (collab w/ @yearnfi) Yield - 13.44% APY Avg
USDaf & sUSDaf are live on Pendle, Euler, Curve, Convex, Uni, Balancer, and more
Onward!
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Nowhere else can you get nearly 30% APY on your stables with no leverage or gimmicks
Real yield powered by USDaf. Built in partnership with @yearnfi
Asymmetry@asymmetryfin
Uh oh. We've built a monster. Real yield on Stablecoins. No gimmicks. Powered by @yearnfi
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Best in class real yield on dollars. Paid in more dollars.
It's a battle-tested Yearn v3 vault under the hood wearing a pretty shade of royal blue.
21.8% APY this week.
14.9% APY over the last 30 days.
That's the tweet.
Asymmetry@asymmetryfin
Is sUSDaf the best Stablecoin yield in the market right now? Numbers don’t lie: 21.8% this week. Real yield. Paid in kind. Deposit USDaf & earn — It’s that simple: usdaf.asymmetry.finance/earn/susdaf
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USDaf continues to bring in sfrxUSD. Now the second largest holder on mainnet (and it's not particularly close)
Users are enjoying up to ~20% APR after accounting for borrowing costs, with no IL, slippage, or funny business
Just onchain, verifiable, real yield
Asymmetry@asymmetryfin
USDaf already holds over 14% of all @fraxfinance's sfrxUSD in circulation. Why is USDaf so popular? USDaf allows sfrxUSD holders to borrow against their stables from as little as 0.5% fixed rate, adjustable at any time Better yet? 1-click Multiply is around the corner — Allowing Frax'ers to seamlessly loop their position for massive multi-digit % yield
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Looks like I've got to correct the machine... This math is way off. Asymmetry is not incentivizing anything close to this amount. (it's all on-chain too)
Just ~1% of ASF is slated for bribes over the next 12 months. Additional bribes come via USDC from farming revenue, not ASF.
It's an incredibly important & effective way to grow, with the latest bribe round at $2.5x efficiency per $1 spent
Now begins the rollout of opASF, a way to build productive POL and wean off emissions long-term.
All revenue paid to sUSDaf and USDaf SP depositors comes from interest revenue generated from borrowing.
Get your calculator checked, bot
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@ArisenSSj $58k weekly bribes split across curve gauges. mostly usdc incentives going to usdaf pool rn
treasury burns like $800k monthly on fixed yields + options farm rewards
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protocols burning cash on votemarkets:
• origin deploying $158k weekly
• metronome pushing $120k campaigns
• abracadabra throwing $114k bribes
• falcon dumping $117k incentives
• inverse finance spending $90k
• resupply allocating $66k capital
• asymmetry burning $58k weekly
votium takes 3% of everything!
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justin retweetledi
2) Stability Pools
These effectively maintain the peg and liquidatibility of CDP assets accross defi. @LiquityProtocol and its associated forks are really leading this category, but there are some notable others as well.
► @protocol_fx fxSAVE 14%
► @felixprotocol feUSD 12%
► @asymmetryfin USDaf 17.15%
► @LiquityProtocol sBOLD 5%
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USDaf now holds 13% of all @fraxfinance's sfrxUSD in existence
USDaf now holds 7.6% of @LiquityProtocol's BOLD in existence
USDaf now holds 52% of all @yearnfi's yield-bearing ysyBOLD in existence
USDaf has been live for just 12 days
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BOLD is the Ethereum dollar - with Sam from Liquity x.com/i/broadcasts/1…
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@asymmetryfin 40% APR still up for grabs on USDaf on Curve too. Market is speaking
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