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@CometShock
In the Tranches @WaymontCo | incentives, onchain mechanisms, data privacy | ex @primodiumgame
Oort Cloud Katılım Temmuz 2020
2.7K Takip Edilen5.5K Takipçiler
@cabalchandi Even in binary outcome cases of any singular strategy, if it's an isolated 10% substrategic exposure of a larger vault operation, that overall vault outcome is no longer binary
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@CometShock the problem is defi failures are pretty binary. it either happens big or not at all. in practice, it’s rare that juniors get hit and seniors don’t.
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and i didn't even mention: a new vault curator on the block could signal credibility and confidence in their exposures by posting first-loss Junior deposits
building reputation with a direct stake in their performance
☄️⚡@CometShock
I'm so ridiculously bullish on tranched lending vaults Juniors get levered exposure to yield, without servicing a carry trade Seniors want some yield, but afraid of one of the underlying exposures incurring bad debt. maybe they get some coverage for a 75bps haircut
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Furthermore, @roycoprotocol looked into STRC and there are no guarantees that Strategy will not issue *additional* secured credit more Senior than STRC (convert debt, STRF, new instrument) in crisis. This risks effective dilution of STRC's seniority at the most relied-upon moment
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DeFi participation is a barbell: high risk appetites chasing max yield on one end, yield-curious capital held back by uncertainty on the other.
Dawn built a bridge with complementary tranches that convert one side's risk appetite into the other side's coverage.
Royco@roycoprotocol
Introducing Royco Dawn. Dawn takes any yield source from DeFi vaults to RWAs and splits them into two pools: Senior and Junior. Two distinct risk profiles. Two different yields. Today, we're opening the doors for the first time. (1/7)
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@z0r0zzz "gas down" easiest path is in this additional tweet:
x.com/CometShock/sta…
another path is large staking parties planning increased gas limits, but obv only limited number of actors could reasonably expect to have an impact here
☄️⚡@CometShock
There is also a path for block builders to bid high on a mostly empty block (except required Inclusion List txs) to reduce base fee, but it's not as reliable of a path due to potential inclusion list size. Architectural advantage heavily leans towards "gas up"
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Worth acknowledging that these gas price markets introduce artificial stress to the execution layer.
It's a reflexive, self-manifesting market: betting "gas goes up" incentivizes block stuffing to make it happen.
Manipulation cost is directly tied to oracle TWAP and Δbase_fee
ross.wei@z0r0zzz
done 👍
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your LLM agent isn’t compromised, it was never yours to begin with
propagandists + those who stand to financially gain will continue to power creep and insert their agendas into hosted LLMs
@
never been more obvious what the next move is gonna be yes it’s ads
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