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LukeYoungblood.eth 🛡️
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BREAKING: An important announcement from the president of the United States about Stablecoin Summer 🌞
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LukeYoungblood.eth 🛡️
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With Bitcoin below $100K we are seeing incredible borrow demand on @Base - almost half a billion in collateral from the @Coinbase borrow product is powering a very juicy 16% yield for USDC vault depositors on @MoonwellDeFi Armed conflict is tragic, but smart money doesn't care.
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gmamo woke up with this furry guy telling me how much $ I made in my sleep. He turned my shirt @Mamo_agent green and is quite adorable... should I keep him? 🌜🌱🌛
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gmamo wall street... congrats @Circle!
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Gmamo everyone, I apologize for how frequently @Mamo_agent is notifying you recently, and I wanted to let you know what's going on: We've had such a huge influx of new users in the last week that our indexers couldn't keep up with the transaction volume of deposits, compounded rewards, and update positions events (when Mamo tells your account to move your position to the better rate). Our backend that updates your positions to make sure you're always earning the best rate was tuned a little too aggressively so it was updating everyone's positions whenever there was a 0.1% (10bps) better rate onchain, which contributed to the notification spam. Here's how we're fixing it: We're immediately implementing a system that won't update your positions unless the rate is 0.25% (25bps) better for at least 30 minutes or 0.5% (50bps) better for 15 minutes. This should reduce the "churn" of moving back and forth. Mamo also pays for gas so this doesn't cost you anything, but we need to optimize the Mamo backend for efficiency too, while balancing maximizing your portfolio returns. We're also developing a notification coalescing system so Mamo won't notify you on every small event, this will take a few days for us to build, so please bear with us. We're also developing a system where you can tell Mamo how often you'd like updates on your account. We think most people would like a choice of receiving daily, weekly, or realtime updates, to reduce the notification overload. Thanks for supporting us as we chart new frontiers with AI agents and automated portfolio management. If you have any suggestions for improvements, please reply below, I love incorporating feedback into the product roadmap. Gmamo!
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A few quick updates on @Mamo_agent: 💪🏼 Mamo is helping you capture temporarily high rates on the USDC market, and the position updater agent is working overtime 🥱 The Mamo indexer fell behind over the weekend due to a huge amount of new accounts and deposits so we're fixing that now 🙏 Please bear with us and be patient if your deposit doesn't show up yet, trust Mamo, you can always check Basescan and even put your Mamo account address (the contract your deposit went to) in @DeBankDeFi and verify your funds are safu Mamo's contracts are secure, the team is hard at work fixing these launch issues. 🫡
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