pigi.finance
306 posts
pigi.finance
@PigiFinance
https://t.co/3c2Fr14D4k | DeFi Yield Leaderboard
Katılım Temmuz 2025
186 Takip Edilen93 Takipçiler
Things I want to see built in crypto next ↓
1. Insurance for vault deposits
2. Credit scores for neobanks
3. Onchain reputation for borrowers/lenders
4. Better tax reporting tools
5. Stablecoin escrows
6. A decentralized Moody’s for protocols
7. Private perps, prediction markets, and DEXs
8. Prediction markets for yields and gas fees
9. Secondary markets for unvested tokens
10. Private reusable KYC
Who's building these?
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Just hit 1m follows on x
That’s 1 follow per $4m volume through Uniswap
Also found out I’m the top recommended follow if you list crypto as an interest
I would like to thank whoever did that and the army of bots I never asked for, for helping me achieve this milestone
🦄
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@DeFi_Dad Even though he left in 2019 - it doesn't make his words automatically false...
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Cofounder who left 7 years ago in 2019 prior to DeFi Summer makes hyperbolic statement about DeFi security and everyone screams fire because we are not serious people.
OpenZeppelin@OpenZeppelin
Recent posts by Manuel Aráoz on AI and DeFi security have been widely circulated, and customers have asked whether they reflect OpenZeppelin's position. They do not. Manuel co-founded OpenZeppelin and served as the company’s CTO until 2019 when he left the company.
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@pash161 Keep it! Bankless guys just act like Trump - they will post "Ethereum is a very good deal" soon!
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gm frens,
After almost 9 years of building Cryptocurrency Jobs, I've decided it's time to move on.
The platform is now under new ownership.
I didn't expect to be writing this, but it feels like the right time.
What started as an independent, bootstrapped side project grew into something much bigger than I ever imagined. I've helped over 2,000 companies worldwide hire talent, and thousands find their place in crypto.
The impact of Cryptocurrency Jobs has often happened quietly, behind the scenes. Over the years, it has touched almost every corner of this space through the people and teams who found their way here — many of them went on to build the products and services we use every day. All of it built and run by one person from day one, and shaped by the community around it.
To everyone who's been part of this, the crypto curious, partners, and frens, thank you for being on the journey.
And to all the teams who trusted Cryptocurrency Jobs with their hiring needs, thank you for your support and confidence.
I'm incredibly grateful, and proud of what we've built together.
As for me, I'm not going anywhere. Still in crypto, still around.
Much love.
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pigi.finance retweetledi
Btw.
The avg lost per year in DeFi is 3.42% of the total TVL.
Which makes all yields below 3.5% a joke.
Source: pigi.finance/hacks
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@Param_eth He sold ETH when it was cheap. What next? Buy Nvidia when it is expensive?
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The downfall of David Hoffman:
- builds Bankless into one of the biggest crypto podcasts
- spends years telling people Ethereum is the future
- becomes one of the biggest $ETH supporters on crypto Twitter
- launches a VC fund while also running a media company
- people start questioning if promoted projects are connected to investments
The BanklessDAO drama starts:
- DAO asks for huge token grants using the Bankless name
- backlash gets so bad Bankless separates itself from the DAO
- then reports appear about quiet layoffs within the company.
- then the biggest twist happens
- After years of being extremely bullish on Ethereum.
- David says he sold all his ETH
- Who cares
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@gupta_kanv Agree. This "panic" from a veteran looks a bit weird to us...
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PSA: I now consider *all* of DeFi unsafe.
Coding agents are superhuman at finding vulnerabilities, and smart contract security is too asymmetric: defenders need to fix every bug while attackers need just one exploit to steal funds.
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@ImperiumPaper Even we don't have a "silver" bullet :-) Still, check pigi.finance to find best yields on the market
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All of these curators, yield aggregators, and lending protocols and there’s nowhere I can just deposit my stablecoins for 3-6 months for a reasonable fixed rate yield?
I don’t need instant liquidity, and don’t want to go further out on the risk curve. Is there nowhere to get duration other than Pendle tokens? Bonus points if I then get a bond token I could sell or use as collateral while I wait.
Is anyone doing this today?
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@shafu0x DeFi Vaults API - like Defillama but focused only on vaults. pigi.finance/defi-api
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@frostyxbt That's too good to be true! Let's put native BTC to work
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@StaniKulechov Also, see this article "Two ways to measure Aave TVL" - pigi.finance/learn/aave-tvl…
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One of the biggest mistakes in valuing DeFi lending protocols is using TVL as the primary metric.
TVL measures net collateral. It does not measure lending activity.
Compare Aave vs SoFi at the end of 2025:
Aave
~$52B supplied
~$22B active loans (the loan book)
~$700M+ borrowing interest flows
~$150M retained by the DAO
SoFi
~$37.5B deposits
~$38B loan book
~$1.8B lending revenue (interest earned)
~$481M net income
In TradFi:
deposits are liabilities / cost of capital
loans are the earning assets
lenders are analyzed on loan books, interest income, spreads, and asset growth
But in DeFi, the market mostly looks at TVL and DAO-retained fees.
That’s like valuing a bank only on net interest spread while ignoring the size of the loan book and gross interest flows.
Under traditional financial accounting frameworks, Aave looks far closer to a +$700M lending business than a $150M revenue protocol to be comparable (without counting equity).
TVL is not the revenue basis for lending protocols.
Loan books and interest flows are.
PaperImperium@ImperiumPaper
A major unforced error in crypto is treating technical dashboards as financial dashboards. Nowhere is this as obvious as with TVL of lending protocols. TVL is NOT a substitute for accounting! Let’s look at TVL defined as “Value of all coins held in smart contracts of the protocol”, and how it would treat a bank with the following balance sheet: Deposits (a liability): $100m Loans (an asset): $80m Reserves (an asset): $20m Equity: $10m The TVL of this simplified balance sheet would show up as: $100m deposits - $80m loans + $10m equity = $30m TVL Does that feel accurate to you? It should not, because it structurally undercounts economic activity. In fact, TVL - a technical metric - is treating the bank’s largest asset (its loan book) as a liability and largest liability (its deposits) as an asset! The problem is one of using the wrong tool for the job. TVL counts how many tokens are in a smart contract or group of affiliated smart contracts. That’s it. In its most simple form, TVL is mostly just counting the reserve ratio of the bank (or lending protocol). TVL is not a substitute for actual accounting, and people need to understand this. A deposit on Aave/Morpho/SparkLend/Compound/Euler/Curvance is a liability to that protocol or pool. You could put $1 trillion in deposits onto one of those platforms and TVL would become $1 trillion. But that’s not an indication of economic activity! Now imagine $999.999 billion of that got lent out. TVL has crashed from $1 trillion to $1 million. Looks bad on a chart, right? But now we’re seeing economic activity! There is a reason why TVL is not used outside of crypto - it is a technical metric, not a financial one, and any overlap is coincidental and concentrated in very basic protocols like DEXes.
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@ellenleanartha Come and see pigi.finance - "DeFi Yield Leaderboard"
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Vaults are one of the most interesting verticals in crypto atm, both for institutional and retail capital
Read up on vaults here or ngmi
Castle Labs 🏰@castle_labs
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The easiest way to die as a stablecoin neobank today is by not* giving yield on idle funds.
hope that helps.
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pigi.finance retweetledi
We're proud to be featured in the @PigiFinance article
" Where to get even higher yields? "
Read below
pigi.finance/learn/where-to…
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@stabullfinance Looks like a great product! Want to get listed on our platform? DM us!
pigi.finance is always open to new vaults 🚀
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@hosseeb Should Claude get some equity too?
- you take tokens, you give equity!
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People said there were no vibe coded startup successes.
One founder + AI, just raised $30M with $10M ARR.
The future is here, just not uniformly distributed.
Ben Cera@Bencera
Polsia just raised $30M at a $250M valuation. Approaching $10M annual run rate. One Founder + AI. Zero employees. Polsia runs companies autonomously. It also ran its own fundraising. I just showed up for signatures.
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