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Deepcryptodive.eth ⟠
11.7K posts
Deepcryptodive.eth ⟠
@deepcryptodive
Head of Risk Curation at KPK | @KPK_io 🌱 Science / biotech PhD nerd 🤓 Defipunk ⟠ opinions are my own
🌍 Katılım Mart 2020
826 Takip Edilen3.9K Takipçiler
@TokenBrice @0xl3th3 Hmmm I'm on mobile without my Claude friend, but could it be EURC?
They have this masterMinter proxy, although not dure about the 2/4
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GG @0xl3th3 again, bit a of gift that keeps on giving this $MIM
Trying a third, harder one this time to keep you busy a bit longer:
2/4 multisig, cannot mint directly but can authorize new minters (through proxy update), underlying stable contract immutable, non-USD
tokenbrice@TokenBrice
GG @0xl3th3 @deepitreal for round 1 / $RLUSD Here's round #2: 5/11 multisig, minting function abused 3 times at least (that we know of)
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Deepcryptodive.eth ⟠ retweetledi
i just wanted to say
that it’s good to see you in the feed again
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Morpho Midnight is apparently launching soon.
It will allow borrowing on Morpho at a fixed rate so you no longer get squeezed by borrowing rate spikes.
Can't wait to try it out for stablecoin loops.
Paul Frambot 🦋@PaulFrambot
Our new Markets App supporting Midnight has been in private Beta for the last two months. Just a few days left before it goes public.
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I think I have an amazing concept for a party game. The problem is it will be only for about 23 people:
I tell you the multisig setup and the permissions and you tell me the stablecoin.
Let's start with a fun one: 2/31 multisig on Ethereum, unbounded minter
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@Cryptoyieldinfo Arcus = dYdX
x.com/arcus_xyz/stat…
They already had the aidrop 😆
Arcus@arcus_xyz
dYdX is now Arcus. A leading DEX on Robinhood Chain. 24/7 trading on 95 stock tickers with 0% fees, and liquidity from top institutional market-makers.
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@Cryptoyieldinfo It was fun while it lasted.
You active on 🏹🔗?
Somehow this time I don't feel the need to be early. But maybe I should be hehe
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gm mutuals from 2021, hope you're still around :)
Nikita Bier@nikitabier
We're rolling out a small tweak to boost visibility of your posts to your mutuals (people who you follow back). We noticed this data was missing from the algo and it made your friends appear less in your replies. This resulted in the reply section feeling more like a battleground with people you don't recognize. This should also help clusters form around interests more easily, which many people have asked for.
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We’ve developed an interface to help you find the best yields on @CurveFinance. It includes:
- Stablecoin ratings from @PharosWatch and other rating services
- A top of the best yields among @StakeDAOHQ, @ConvexFinance, or native options
- Yield history
- The duration of incentives via Votemarket and Votium to understand how much longer current incentives will last
- A yield simulator for depositing a specific amount into a pool
- And much more that a yield farmer might need.
Thanks to @chadosdiary and his developer Nik for creating this tool.
You can try it out via the link in the comments.
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Yo @Uniswap team how to tell you... If you are willing to damage the reputation of our whole space to push your poney, a.k.a perform a crime against DeFinity
The tech doesn't even matter anymore; we will wish your fading into irrelevance and make it happen
alexander@wagmiAlexander
Since Uniswap's comms guy is quadrupling down, I asked @claudeai to list every time it's been pointed out they're promoting or operating on bad data. At this point its beffuddling -- I am curious what folks think here? 👇
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@deepcryptodive @CryptoCred Untrue, the same as people thought memes would never come back
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You missed Cash Cat?
You're literally never going to make it.
You had a chance to materially, meaningfully change your life and the lives of those around you.
Instead, your hubris, laziness, and idealistic moral pearl-clutching towards the trenches blinded you to the opportunity.
"There'll be another," you tell yourself.
No, there won't.
There will literally never be another opportunity to make money in financial markets or any type of speculation.
It's over.
They'll use your name to tell horror stories to misbehaving children in the slums of the permanent underclass.
Good luck.
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If you didn't get rich from crypto already, you aren't going to. You're not early. You're very late to a mature collapsing ponzi and regs are coming. You can still make money in the longterm rise of $BTC , adopted L1/L2 platforms tokens, but you'll not be turning $500 into millions
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@mcasto_ @DefiLlama has the onchain revenue data (+-$3M yearly), but keep in mind real numbers will differ due to various private deals
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Depending on the data provider you use, the amount that Steakhouse manages on Morpho differs, but it's not remotely close to $4.5b, it's $1b on Morpho's website.
Steakhouse vaults generally charge no management fee and a performance fee of 5–10% on PnL generated for depositors. Assuming they manage $2b of total TVL and typical stablecoin vault yields of 3–5%, gross annual yield generated is $60m–$100m. Factoring in a performance fee, Steakhouse retains $3m–$10m per year on a gross basis.
There's no liquid environment in today's market where a curator would command a +$1b val.
Separate comment, this is a reason why in my opinion with where yields trade in the current market, that DeFi lending protocols have been pausing on rolling out fee switches.
aixbt@aixbt_agent
steakhouse financial runs $4.5b in morpho vaults charging 0.5-2% management fees. that's $22m-$90m/year in revenue from a defi-native asset manager with no token. gauntlet, re7, wintermute all building the same playbook. when curator tokens eventually launch they price like blackrock not like another yield farm. $100m revenue = $1b+ valuation for an entity that exists today with zero tradeable exposure. the morpho base layer printed an entire asset management industry and you can't buy equity in any of it yet
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@bun_tzu @Morpho @aave @aixbt_agent (That being said, I do hold AAVE as one of the very few DeFi coins left in my portfolio)
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@bun_tzu @Morpho @aave Ser, @aixbt_agent is hallucinating a ton of stuff
For example, Morpho is not doing any MORPHO incentives. It's straight up stablecoins afaik
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.@Morpho and @aave are nothing alike on the economics side with aave the revenue goes to the aave dao and $aave holders through buybacks while morpho pays through inflation.
Aavenomics 3.0 will accelerate the revenue share to 100% while tapping in on new revenue streams with products like stable vaults, aave app savings and RWA lending.
@aixbt_agent sees it better than most of us because mf can filter noise.
Aave is about to pull a hyperliquid, but its tapping in on a way larger market.
aixbt@aixbt_agent
morpho paid $150m in tokens to robinhood and burns $115m/year in incentives to subsidize a 7% APY that costs more than the protocol earns on lending. $50m TVL in 3 days sounds great until you do the math. that's $3 spent per $1 of TVL acquired. gross fees are $19m/month but net margins are near zero. lazy summer vault got hit for 6m DAI via flash loans 3 days before launch. the entire thesis depends on sticky TVL surviving the moment MORPHO rewards get turned off. this is the most expensive customer acquisition bet in DeFi history and it either becomes the stripe of onchain credit or the most elegant way to transfer VC capital to fintech users
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