Shaurya

pendle at $187m market cap on $3.5b TVL. every $1 of market cap backs $11 of protocol deposits. 0.18x price-to-revenue ratio when DeFi blue chips trade at 3-5x. token down 50% since january. TVL up 75% in the same period. 80% of revenue now routes to buybacks for stakers. arthur hayes panic sold 1.4m PENDLE at $1.34 realizing a $990k loss right before the tokenomics overhaul kicked in. $58b in cumulative volume, $12b notional on boros in 7 months, 60% of circulating supply staked. someone is wrong here and it's either the entire market or the protocol metrics

@InvestorOfJAMMU It’s temporary relief - we all know where INR/USD is headed

Banks were holding way too many extra dollars (more than they need). The big boss RBI said: "No more, You can only keep $100 million extra dollars by April 10." So banks will sell those extra dollars and grab more rupees. When they do that, rupees get stronger. Tomorrow you will see big appreciation in Rupee for next 1 week. Estimated selling is approx $40 Billion. That's huge.

@MacroMate8 "solana is censorship resistant and decentralised" 🤡🤡 you can't say that w/ ~800 active validators lol

solana can flip ethereum in stablecoin supply within 1 year all it takes is for 1 chinese megawhale to migrate their USDT and USDC from evm to solana lending mkts once they realise solana is censorship resistant and decentralised they will stay and bring others very doable

@Invest_AndGrow @InvestorOfJAMMU No. of daily orders will decline, they cannot continue raising platform fees multiple times a year.

@InvestorOfJAMMU They have increased platform fees. That minimal increase per order is massive if total orders are counted. They get lot of profits for sure 📈✅️

Brokers who were giving Zomato target of 500 are now settling for 300 target. I am Bullish now🤞

an early demo of mcbench-lite, something ive been vibecoding with gpt-5.4 and opus 4.6 for the last few weeks send a prompt -> see preview of the llm build -> join a minecraft server & interact with the build here's sonnet 4.6 making a basic redstone contraption

@InvestorOfJAMMU Great time for tax loss harvesting though. I had booked capital gains earlier in the year. Setting some of them off now, will re-buy asap.

All selling Stocks and Mutual Funds in Panic will come back in FOMO, once everything goes fine and market towards All time highs. These type of weak hands ensure swinging of Pendulum both sides extremely.

@newmichwill @btcxmrfan if anything, bypass must be at the back-end/smart contract level ui is supposed to be user friendly

@Shaurya477 @btcxmrfan Well, sometimes you want to proceed even if UI warns you. Better question is why routing was so sub-optimal: could have been much better

Wow, this shaked all the on-chain markets. Thanks for fees, I guess

@newmichwill @btcxmrfan ui failure, such swaps shouldn't be allowed llamaswap does it best

@btcxmrfan Read what interface tells you

pendle at $1.26 with $45m annual revenue and 80% flowing to stakers. arthur hayes just realized a $990k loss selling at $1.34 after buying at $1.77. 60% of circulating supply locked in sPENDLE with 14-day withdrawal. trading at 4.6x P/S against aave at 12x. first buyback hit february 9. the tokenomics transition is live, the capitulation is complete, the re-rate hasn't started.

I've been hard at work for the last few days. Introducing EyeBench-V3. More difficult, more various, generally much harder questions. The highest scoring model is gpt-5.4-pro at 35%.

@kunalvg fwiw UPI clears crypto for payments (agentic or otherwise)

Crypto is going to compete with India’s Unified Payments Interface (UPI) for agentic payments.

@SBF_FTX bro just answer if you misappropriated funds held in users' spot accounts

10 Myths About Me & FTX 1) Myth: FTX was insolvent / $8b vanished Prosecutors to jurors: I had "more debts than assets"; "there's this giant, massive, unrepayable hole" Debtors to my judge/Congress: my claim "FTX was solvent" is "false"; I "lost $8b of customer money" Media to you: "the money is gone" Truth: FTX was solvent & is repaying customers 119-143% FTX could afford to repay in kind, until lawyers paid themselves $1b to: - quickly dismantle the estate - slowly repay customers x.com/SBF_FTX/status… drive.google.com/file/d/1e2v-rc…

although I'm bullish, there are a few concerns I have: 1. No ve mechanism means after a point there won't be any supply locked up for a long duration - essentially the total supply is liquid (more volatility?) 2. Token buyback is great, but token burn is potentially greater (purely for pa)

The $PENDLE 2026 Bull Thesis: ∙ze lockup issue is gone. 14 days to exit means the single biggest objection to holding pendle, “my capital is trapped,” no longer exists ∙80% of real revenue buys the token off the open market. literally uses its own cashflow to bid for its own token. mucho revenue. ∙just cut emissions 30% while revenue is growing. supply going down, demand going up. ∙only 20% of holders were participating under the old model. they redesigned the entire system to fix that. if even half the remaining 80% starts engaging, the staking demand for pendle increases by multiples from current levels ∙60x revenue growth in two years and the token is still sitting at a fraction of where fundamentals would price it. ∙$3.5 billion in tvl means the liquidity is real, the users are real, the fees are real. you’re not betting on a vision, you’re buying into something that’s already working at scale ∙tokenized RWAs are the next trillion dollar wave in crypto (+ neo banking) every single one of them produces yield. yield that needs to be traded somewhere. pendle is the only protocol built from the ground up to do exactly that. ∙institutional money wants fixed yield products above almost everything else in defi. pendle is the only venue that actually properly delivers it. trillions. ∙spendle is composable, liquid, and earns while deployed. that combination opens yield on yield strategies that structurally didn’t exist before. new strategies mean new demand mean new tvl mean higher fees mean more buybacks. ∙the people who were most committed, long-term vependle lockers, got up to 4x boosted spendle on the transition. ∙defi bear markets are brutal to protocols with weak fundamentals and kind to the handful that have genuine product-market fit. disclaimer: pendle

@blazpaylabs my man @mudit_k0 👑

📢We’re Hiring: Community Moderator! Blazpay is looking for a crypto-savvy moderator based in the Indian time zone to support and grow our community. Requirements: • Strong English communication • Active engagement mindset • Experience moderating Telegram/Discord • Solid understanding of crypto & DeFi Interested? Comment below or DM us with your Telegram ID.

@RobAnon @milesdeutscher I hear you, but we won't have anyone left is my point lol The foundation of crypto is built on grift

@Shaurya477 @milesdeutscher *made They're all leaving and the space is finally feeling cleaner again

AI has completely sucked the life, attention, talent, and capital out of crypto.

@RobAnon @milesdeutscher Grifters make like 95% of people in crypto 😭😭😭

@milesdeutscher I don’t miss the grifters and I’m glad that they’re gone.

@MTorygreen "code's free but the infra isn't" hits hard

Your core beliefs didn't crumble. You just kept believing them after the evidence changed. "Can I build it?" went to "should I build it?" months ago. Being patient stopped being a bottleneck the day a model shipped faster than we could review. The question now is who owns the compute underneath that speed, because the code's free but the infra isn't.

@coolestgal04 @0xFinish soon I’m sure

@0xFinish Where is sPendle as collateral and defi composability the team talked about?

$PENDLE is at the TGE levels of 2023 It's massively oversold, and if you don't own any, it might be a good time to enter Still the biggest yield protocol, Boros Volume is up only, $sPENDLE is live One of the very few teams that I am willing to bet on

@MTorygreen Turns out you will still need deep understanding of software principles in order to ship desirable products/services. Most frontier models (incl. opus 4.6) brut force their way to the end. This will change sooner rather than later. But till then, we need SWEs lol.

Opus 4.6 launched yesterday. It writes 10,000 lines in a single session, but it can't tell you if any of them should exist. The hard part isn't the code but everything around it: > Clear specs when the product is ambiguous > Test coverage that pins behavior, not just output > Accountability for state changes across prod systems This year I saw teams ship 10x faster without thinking 10x harder about what they're building. The job migrated from authoring to governance, and governance got harder when output got cheaper. You're paid to catch the one missing invariant that turns a clean PR into a two-week incident. And there are 10x more PRs to review now.

@CryptooIndia How is this news? 😭😭😭

BREAKING: 🇮🇳 Jetking bought 0.567 Bitcoin worth ₹35 lakh in the past 36 hours.