tokenbrice.eth (🐜,🔍)

$338.9B in stablecoins in circulation $184.79M of it is non-freezable That's 0.05% The other 99.95% would not survive pressure from governments We curently have CeFi cosplaying DeFi, it's time ship true DeFi How the @polarisfinance_ team plan to fix it: polarisfinance.io/blog/path-to-t…

We heard you. Pharos on mobile has been completely optimized. Cleaner layout, better navigation, and every screen now fits the way it should on your phone. Stablecoin risk assessment should be accessible anywhere, not just at your desktop. Now it is.

We are back with our meetups, and we’re doing that in style with @definikola and @TokenBrice at @TenderlyApp offices Sign up here: confirmed.events/event/evt-yyrj…

@Zartsnarf @polarisfinance_ @Gyndore Oh and BTW: gynUSD has been added as a pre-launch coin on @PharosWatch The lighthouse is watching ;) pharos.watch/stablecoin/gyn…

Appreciate the kind words 🫡 That’s broadly the idea. We’re trying to take the robustness and simplicity of Liquity V1, then pair it with a very narrowly scoped governance layer inspired by MakerDAO, without allowing governance to expand across the whole protocol surface area. The only real governance lever is rate direction, so the core system can stay as autonomous and immutable as possible. And likewise, I really appreciate the work you guys are doing with Polaris. I love the direction, especially given how much of the design thinking feels like a natural continuation of the Liquity lineage.

What happened to DAI during Black Thursday in March 2020 is probably one of the clearest examples of the Mandela Effect (that one about false memories). A lot of people remember DAI collapsing below peg during the ETH crash. What actually happened is the opposite: DAI traded above $1, reaching around $1.09 during that stress. This was in part a structural mechanism of early CDP systems. When ETH started collapsing, many borrowers urgently needed DAI to repay debt and close positions before liquidation. So demand for DAI exploded very quickly, while supply was tightening. This pushed the price above peg. And this is not a “great, now the stable is worth more” situation. Liquidations struggled to process fast enough as ETH collapsed while Ethereum was becoming heavily congested. Some positions became undercollateralized but new supply could not expand. Arbitrageurs were struggling. Part of the market lost confidence in the system during those days. The response that followed eventually pushed Maker toward utilizing USDC as main collateral. In many ways, that was the moment the original vision of a purely decentralized stablecoin started being set aside.

Now live on Fusion: Liquity ETH Carry by @Sentinel_codes Deployed on Mainnet, utilizing @LiquityProtocol and @CurveFinance to deliver yield on WETH. Cap: 1000 WETH. About the strategy ↓

@Zartsnarf @polarisfinance_ Agreed, just checked @Gyndore and quickly scanned the WP, feels built in a similar approach: 110% ltv, stability pool, redemption, baseRate, etc. Feels like a Liquity v1 fork with a switch to IR + an elegant approach to its management: curious to see how it will go

I see, I hadn’t really considered the broader social ecosystem effect of that transition. I don’t blame the MakerDAO team for doing what they did, but it definitely set an unfortunate precedent moving forward for the space. I’ve always wondered how DeFi would look today if Liquity had been the first major CDP system instead. Even with the limitations of V1 around redemption risk, and the lack of a continuous market-driven rate/yield layer, it remains one of the most robust and beautifully designed systems DeFi has produced. There’s an undeniable beauty in autonomous systems with no dependencies beyond the base chain it’s deployed on and an oracle.

The biggest, back then most respected and arguably also most ambitious project of DeFi essentially capitulated then and started its process of transformation into a TradFi's distribution engine It was a strong signal, obliterated hope in the dream of a truly decentralized unstoppable DeFi for many, and somehow set the tone for the CorpoCeFi slop factory that we have today.

@TokenBrice @polarisfinance_ Can you expand your thoughts here?

Cat Market intensifies

Stablecoins with no freeze function and a market cap above $10M: 1. BOLD 2. LUSD 3. HYUSD End of list. The unfreezable stablecoin market makes up 0.032% of the total stablecoin market.

@banteg Piggybacking on this to dare to ask: any difference with TUI? Situations where you'd rather use the app than TUI? (never tried the app - not available on linux)

found this safety classifier that seems exclusive to codex gui app. overall the gui app makes many more undocumented invocations that do not exist in the tui codebase.

How to spot a team that does not know how to DeFi: 1. they launch 2. splurge on incentives 3. before even being properly indexed on DeFillama, Coingecko & other relevant analytics Analytics adapter is the first thing you need to do post launch, else discovery is hindered

@0xCoinshift @spectra_finance GM @0xCoinshift here is a crazy idea for you: before spluring incentives left and right, cover the bases LIKE A FREAKING DOCUMENTATION MAYBE NO THAT WOULD BE A GOOD IDEA? Also Coingecko and Defillama

Users can access the MetaVault via the @spectra_finance App and preview technical campaign details via Merkl dashbaord: app.merkl.xyz/opportunities/…

Rewards by Coinshift are now live for @spectra_finance users via the USDC MetaVault of @GamiLabs. Vault users are exposed to institutional credit from BlackRock and Fidelity, now with USDC rewards up to 4% APR in addition to native performance. How it works ↓

You feel like you want to buy some gold. But you don't want physical gold, it's too much of a hassle. So you decide to buy it onchain. But then you realize the available options are limiting. Why shouldn't you be able to earn yield on top of your gold? Or even getting paid to borrow it? It will all change.

All info on the bot and how to set it up here - pharos.watch/pharoswatchbot/

Gm Watchers What's your PharosWatchBot setup? Are you min-maxing with presets, or just raw-dagging it with coin per coin subscriptions? W or w/ quiet hours? (ICYMI: Pharos has a Telegram bot that monitors the situation and notify you when needed, under your terms) Mine:

@mmilien_ @aremd_ A step to get there pharos.watch/screener

@aremd_ @TokenBrice Same, I want to choose my stablecoin provider and have any stable sent to met swapped to it automatically so I only ever hold that issuer's stable

The frontier between playing a game and building an app is dimming with every bot upgrade

On today's news: state-sponsored AI tokens Don't hate on the players, hate the game; all is defensible when AI limits are at stake

@aremd_ NVM just saw you DM, always one step ahead 👑

@aremd_ Can you elaborate? What do you mean by a selector? You have a search function/shortcut you can trigger anywhere already (CTRL+K)