Joined March 2021
- Tweets 6,753
- Following 3,476
- Followers 16,422
- Likes 4,698
1,111 Photos and videos
May 7
On LayerZero Downfall: Solana Death Sentence.
Flying unnoticed in CT: the LARGEST lending market in Solana (and 4th Largest overall) has STILL NOT resumed OFT tokens and continues to have them in REDUCE-ONLY mode.
Kamino is effectively kicking off LayerZero from Solana!
Kamino can confirm that it is unaffected by the ongoing situation with rsETH on Ethereum.
Out of an abundance of caution, Kamino has paused all interactions with LayerZero tokens across all core markets: USDS, LBTC, FBTC.
These reserves are now in reduce-only mode — users are able to withdraw their assets and repay debt, but any deposits and borrows are currently disabled.
Kamino is in contact with the LayerZero team, and users will be notified once normal operations resume across these reserves.
To reiterate, Kamino and its users have not been affected. All actions taken are preemptive.
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May 7
Typical OFT token, supply in down-only mode, capacity set at 0.
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May 7
This interface is fuego 🔥
A few clicks and you quickly realize that DeFi agents will love it 😉
30 protocols sit behind one interface, with every action pre-approved as a MakinaVM Instruction.
Allocate, rebalance, and execute all from one screen.
Built for those running onchain strategies: operator.makina.finance
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May 7
I don’t see how LayerZero survives this.
The hack was horrible, but survivable.
But the juvenile and negligent-to-the-point-of-criminal response will be a permanent red flag at any financial institution.
Watch big boys like Sky, Ethena, Etherfi likely walk away of OFTs too.
May 5
This post perfectly summarises the attitude of Layer Zero Labs, and why their credibility has been destroyed.
Not only do they willingly let DeFi teams use a protocol with no security floor.
Not only do they admit no guilt when their protocol loses $300 million, and try to blame others.
But when they see DeFi teams upgrading a better protocol, their response is "fuck off".
AND then STILL claim that it was caused by "your own problems".
An absolute CHASM of difference between amateurs like Layer Zero and Chainlink.
$LINK
$ZRO
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May 6
The best allocator in the space (@SteakhouseFi) delivered double-digit yield on stablecoins last 7d.
Built on @makinafi rails.
Onwards!
The @SteakhouseFi USDC Machine is currently sizzling on Makina.
Full details of the Machine here:
operator.makina.finance/dash…
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Apr 10
I did not expect this to hold so well !
2 weeks from launch, APR has not been diluted.
61% APR strong.
The Base Yield of DUSD is now a whopping 8.3% APR.
Mar 31
Still 59% APR on DUSD Security Module of Makina. My guess is that this takes at least another 3 weeks to settle down in something like 10% APR.
Plenty of time to eat well with this one!
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Mar 31
Still 59% APR on DUSD Security Module of Makina. My guess is that this takes at least another 3 weeks to settle down in something like 10% APR.
Plenty of time to eat well with this one!
DUSD is bringing back DeFi summer vibes with its new Security Module 👀
Turn your risk tolerance into boosted yield while protecting standard deposits.
The Security Module is now live on DUSD. Look for the Boost button on the DUSD Machine to get started. Rolling out to other Machines over time.
Boost your yield with Makina's Security Module here: app.makina.finance/
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Mar 27
Cringe as always.
I am deeply embarrassed to hold shares here. And all because I am too lazy to dig into papers to find the password to log into my stock broker to sell.
Mar 27
I have received three separate notifications about College Basketball from @coinbase in the past *hour* alone.
It is absurd that, amidst arguably the worst collapse in trust in this industry’s history, the largest American CEX has completely pivoted to trying to get their customer base hooked on sports gambling, so that they can extract even more exorbitant fees.
At this point, it is undeniable that Coinbase *is* part of the industry’s problem. I will be ending my Coinbase One subscription and moving my business to new a CEX, any recommendations?
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Mar 27
If you liked AAVE Security Module at 4-5% APR on stables...
...then you'll love @makinafi's one at 955% APR ?
DUSD is bringing back DeFi summer vibes with its new Security Module 👀
Turn your risk tolerance into boosted yield while protecting standard deposits.
The Security Module is now live on DUSD. Look for the Boost button on the DUSD Machine to get started. Rolling out to other Machines over time.
Boost your yield with Makina's Security Module here: app.makina.finance/
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Mar 26
This is a big deal!
I am going in since I anticipate double digit return.🤑
Stay with me to understand the math and the risk/reward.👇
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Mar 26
Parallels:
1) Regular depositors sit behind a dedicated backstop pool
2) Extra yield as compensation for absorbing first losses
3) Mandatory cooldown on withdrawal to prevent bad actors from arbing a loss event
4) Slashing isolated per asset/market, not the whole protocol
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Mar 26
But... with one difference!
.@makinafi yield will be more compelling than AAVE.🤑
E.g at 2% DUSD participation, stakers earn ~11% APY vs ~5% for standard depositors.
I think the ratio will stay sub 2% (for reference AAVE one is <0.5%), and I will ape in eyes closed.
Wbu?
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Mar 23
Another exploit (Resolv), another time Steakhouse comes unscathed.
Time to wake up and get some @makinafi x @SteakhouseFi exposure
Mar 21
@SteakhouseFi just deployed a vault on @makinafi.
Many people in this space don't know who they are. That's sort of the point. 😉
Here's a breakdown of what they do, why it matters, and what this new vault actually means. 🧵
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Mar 21
@SteakhouseFi just deployed a vault on @makinafi.
Many people in this space don't know who they are. That's sort of the point. 😉
Here's a breakdown of what they do, why it matters, and what this new vault actually means. 🧵
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Mar 21
For context on what retail or institutions currently earn depositing stablecoins in the largest DeFi lending protocol:
💀USDT on Aave: 1.66%
💀USDC on Aave: 1.75%
That's what people settle for by default when there is no active management involved. 🤪
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Mar 21
Steakhouse has managed these strategies for Lido, Sky, ENS for years.
Now, via @makinafi, you're effectively allocating alongside the same infrastructure that institutional DeFi runs on. With no minimum.
Looks like a Chad move to me.🔥
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