Phil Mercadante

160 posts

Phil Mercadante

Phil Mercadante

@PMDante_

Lawyer at @Ketsal Still trying to learn solidity

Katılım Aralık 2021
388 Takip Edilen38 Takipçiler
Phil Mercadante
Phil Mercadante@PMDante_·
@mcchadald @crypto_condom Yes, I think depends on the purpose of the bribe. Frax bribes may increase because they benefit directly through their AMO and owning most of their pool. But for others just looking to incentivize some liquidity, they may be happy getting a bit more for the same $ investment.
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McChadald’s CEO
McChadald’s CEO@mcchadald·
@PMDante_ @crypto_condom The reason it’s “slightly” is that the bribe going away just means the other bribes are more efficient for their protocols, and something should fill the void most likely
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Phil Mercadante
Phil Mercadante@PMDante_·
$LUNA / $UST has been a consistent player on @Votium / @ConvexFinance, contributing $3-6 million each epoch since mid-January 2022 (~20-35% of total incentives). It ain't over till its over, but if this unravels completely it will be a big hit to $CVX bribe APY
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Phil Mercadante
Phil Mercadante@PMDante_·
Hmm, did not last long. Still almost 1 cent premium on Binance
Phil Mercadante tweet media
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Phil Mercadante
Phil Mercadante@PMDante_·
About to post the above then watched price on Binance gap down to match the other venues:
Phil Mercadante tweet media
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Phil Mercadante
Phil Mercadante@PMDante_·
Any thoughts on $UST price difference on @binance for a short while? ~1 penny premium on Binance
Phil Mercadante tweet mediaPhil Mercadante tweet media
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Phil Mercadante retweetledi
0xngmi
0xngmi@0xngmi·
what people miss is that what's interesting about crypto is that you can choose where you want to be in the control/comfyness curve: - own node for max privacy - infura with metamask - custodial wallet like coinbase with tradfi you cant, you must have a custodial bank account
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Phil Mercadante retweetledi
Curve Finance
Curve Finance@CurveFinance·
A surprising simulation by @nagakingg shows that if 3pool fees are reduced to 1 bps, although 3pool earnings may decrease, the total DAO earnings will increase due to metapools being more efficient gov.curve.fi/t/proposal-red…
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Phil Mercadante
Phil Mercadante@PMDante_·
@SillyPunts @Jonas_ALA @GMX_IO @dopex_io Trading venues for stETH and rETH (Curve's pools) could also see good activity and volume if people want to hold those assets by just buying at market rather than staking their ETH
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Phil Mercadante
Phil Mercadante@PMDante_·
@0xSEM @ConvexFinance @TheTNetwork For example, there have been meaningfull SPELL rewards on bribe.crv for months but no one votes for the MIM pool on Votium even if the marginal vote would yield more for vlCVX that way.
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Phil Mercadante
Phil Mercadante@PMDante_·
@0xSEM @ConvexFinance @TheTNetwork They should flow back to vlCVX holders, but I think unlikely to directly incentive allocation of vlCVX gauge votes because voters on the snapshot (and the Votium delegation).
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Keşfet

@mcchadald @crypto_condom @TokenReactor @CurveFinance @0xAlunara @Votium @ConvexFinance @CurveCap