Lulo

@aut3z and present

stablecoins are the future

@marygooneratne gib

The 0→1 for onchain credit is originating the full loan lifecycle onchain (payments, collateral, underlying cash flows) vs. wrapping offchain originations in a token and inheriting all the opacity that comes with it. Until onchain identity and underwriting mature, the addressable market for consumer originations is narrow: - Loans have to be backed by liquidatable assets - Most consumer borrowing is unsecured (or real estate/auto-backed) Collectibles is one of the rare markets that fits these constraints at real scale: a $300B market with 200M+ active participants. Super excited to bring this to life with @Collector_Crypt.

@TheJoker_GDM If you are referring to Direct deposits in Drift, we will follow the recovery and relaunch plan implemented by the Drift team. We are still waiting for final details, but they have made some announcements on their Twitter

@uselulo Any news regarding the $SOL deposited and blocked for withdrawal?

Protected: protected from losses Boosted: paid to take risk Even a full blown wipeout in an underlying app wont break the system.

@wwwhashstore @mert @USDC Safety is the #1 priority. That said, Boosted has more risk than Protected

@mert @uselulo are you keeping our boosted @USDC safe?

it seems the main PMF of AI is mass hacking defi protocols this is like, what, the 10th one this month?

@SolanaSensei @solana @kamino @JupiterExchange @DriftProtocol @DeFiCarrot @humafinance @onrefinance @SentoraHQ @toly

Around $4B are currently lent in Solana DeFi Despite some incidents, a lot of the capital stayed. Stats are looking decent, we'll bounce back.

9.23% avg apy on my @uselulo @USDC boosted port

@derparsel @perena Thanks for the shoutout!

The Drift and rsETH exploits were a reminder: funds are always at risk in DeFi. On Solana, there are two options that act as a protection layer: 1) USD* Protected by @perena 2) Lulo Protection by @uselulo In both cases you basically give away a part of the APY generated by the protocol. In return your funds will be reimbursed in a case of depeg (that are caused by smart contract exploits, oracle failures or bad debts events). Best part: both still deliver ~5% APY on your stables.

@wwwhashstore @USDC Nice.

@uselulo Time, energy, health Very valuable currencies 🤌🏼

Enjoy the weekend everyone Time + energy is also a currency you must compound

@0xRiim What's a checker?

@uselulo I’ll appreciate a checker🥹

@Slamsol @kashdhanda @jup_lend <3

@kashdhanda @jup_lend Incentivise it on Lulo and I’ll make the transition.

manlets that want to ditch USDC, check this out: what if i told you there was a solana-native stablecoin that was designed to return value to the ecosystem? that was built by a team that's been on Solana for years? that pays 5.6% APY right now for vanilla lending on @jup_lend? the ticker is $jupUSD

@AriEiberman @jup_mobile Always open to user feedback. Right now desktop + app don't talk to each other, which we know is a major pain point.

@uselulo @jup_mobile My pleasure Lulo. What’s your plan on the webapp/app maintenance? I wish I could have only one place for accounts but the app doesn’t let me connect an EOA wallet. Why? Should I do a quick honest review on it?

Jupiter's new stablecoin card has a few problems. Here's what happened when I bought a coffee and a medialuna with USDC: The @jup_mobile launched their Visa Infinite card a few weeks ago. I use the Jupiter Exchange wallet to track my Solana balances and @uselulo stablecoin yields, so testing felt the right thing to do.

@Nevergreen911 Check out Protected if you want the safest option

I'm looking for a reliable DeFi protocol on Solana where I can park my USDC(T) for at least 10% APY. Airdrops aren't important to me here: what matters most is security and a good return. any recommendations?

@DfsGoa Drift posted some updates on their Twitter page. There will be a recovery token issued and they will resume operations working closely with Tether.

@uselulo Hi is there any update on this?

Drift may have suffered a vulnerability. Protected and Boosted have 0% exposure. Classic deposits that are in Drift (you can check in the ui) may be affected. More updates as they come.

@stacy_muur Lulo Protected, only one that won't lose money in a North Korean hack

What's one yield protocol you trust 100% with your money?

@CalebSol We dont have a token

Tag a project you 100% trust. I’m buying.

@0xNeptun Yes, we aggregate all their markets and optimize across them

@uselulo where is the kamino yield coming from? lending?

No drama over here. Just steady yield doing its thing.