
ZeruAI
2.4K posts

ZeruAI
@zerufinance
Trust oracles for onchain capital allocation. Live on etherscan | Distribution network - https://t.co/lfE1ZmN0bQ




megaeth should just wind down the incentives on these aave markets because they're a disservice to their token at this point: - $50k in $mega incentives are being distributed daily to attract $590m in USDm deposits - the users are then borrowing that USDm to loop against USDe which is receiving $20k daily incentives from ethena on surface this looks like a productive incentivized loop, i.e. mega spends $50k per day and gets $1.1b in deposits but the problem is that most of the USDe deposits are coming from ethena's own balance sheet and their network of LPs so defillama decided to not count those deposits towards megaeth's tvl defillama counts the $665m in available liquidity on megaeth as $114m (80% haircut) the whole point of brokering such a large tvl deal that puts so much sell pressure on your token is for it to boost your tvl numbers and put you on the map but megaeth's tvl got nerfed big time after defillama decided to make this change so if the biggest defi analytics dashboard doesn't even count most of that as tvl, then whats the point of giving $50k in MEGA incentives everyday for it? sure it helps make USDm's supply look good, but at what cost?

Building creator economy onchain from first principles. Attention --> Attribution --> Incentives Trust oracles solve this. Reach out to us to be amongst the first curators on Zaps - the behavior-centric Capital Allocation Network (CAN).

























