阿尔法新酱 | 0xShinChan 🇭🇰

shinchan still enjoying my funding rate free leveraged position on @protocol_fx

$BTC to 130-160K USD soon? Also hoping for more leverage on the positions via fx!

How many stablecoins we need? Guess the more the merrier. And we have another blue-chip yield-bearing stablecoin that aggregates yields from blue-chip protocols.

Here comes @TokemakXYZ $autoUSD 🧵

【 Whats this shinchan?】
- autoUSD is curated by @TokemakXYZ, it aggregates only blue-chip yields sources for stables under one single product. It’s like lvlUSD but more curve centric imo
- When deposited $USDC, it deploys underlying liquidity across protocols like @aave @0xfluid @MorphoLabs @Balancer + yield-bearing stablecoins such as @ethena_labs sUSDe + @fraxfinance $sFRAX
- As APRs fluctuate, its autopilot adjusts the underlying collateral to ensure LPs earn the best rates.
- @Archer_MD_ hinted that autoUSD is for blue-chip protocols and there's an upcoming turboUSD that targets a higher returns with riskier farms (https://t.co/BnK2yqSy2R)

【 How's the deposit flow?】
(1) Deposit $USDC to receive $autoUSD via https://t.co/Y6TKF9IZl6
(2) Stake your $autoUSD to earn additional $TOKE
(3) There's no withdrawal limit / lock-up period

APR is now 12% with $25M TVL. Wt shinchan likes abt it is that they hv a transparent dashboard that showcases token allocations, protocols interacted + rebalances involved. Also you can see the entire liquidity flow there.

Gmgm added a quite gd bunch of @SuiNetwork centric farms in @yie1dclub dApp (soon to go live) featuring:-
@TypusFinance @Scallop_io @navi_protocol @suilendprotocol @bucket_protocol and more coming (´▽`)ﾉ

Gmgm added a quite gd bunch of @SuiNetwork centric farms in @yie1dclub dApp (soon to go live) featuring:-
@TypusFinance @Scallop_io @navi_protocol @suilendprotocol and more coming (´▽`)ﾉ

Realized my shitpost got more likes + views than my defi farming long-form articles

The Cost of Over-Collateralization: The Deadlock of Inefficient Capital
In the current stablecoin system, the underlying structure of over-collateralization is a formidable structural constraint. To avoid liquidation risks, users need to collateralize assets at a high ratio, thereby sacrificing capital efficiency.

Whether it is Liquity's requirement of 110% collateral for borrowing LUSD or the Satoshi Protocol allowing a minimum of 120% Bitcoin collateral ratio to mint satUSD, essentially, they cannot break the high-efficiency capital dilemma of '1 dollar collateral ≠ 1 dollar borrowing'.

If we want to improve leverage efficiency and unlock dormant capital, relying solely on refined liquidation mechanisms is far from enough. The key lies in how project teams can mobilize the 'useless' redundant collateral assets in the system to achieve a dynamic balance between returns and risks.

Recently, New Sauce has been paying attention to a new project @AltitudeFi_. It is currently still in the Closed Beta stage, and DC is whitelisting. AltitudeFi attempts to address the traditional DeFi capital inefficiency problem with a yield-driven lending architecture. Its mechanism can be understood as follows:

(1) 'Saving on loans' is no longer just a gimmick but a product of structural design:
🔵 The platform will automatically scan the market to allocate the optimal interest rate for borrowers.
🔵 More importantly, it will invest unused collateral (i.e., idle capital) into external yield protocols to obtain additional returns.
🔵 The returns will automatically flow back to repay the principal and interest of the loan, essentially using 'returns to service debt', relieving the burden on users.

(2) What is idle capital?
For example, if you have collateralized ETH worth $1,000, theoretically, you could borrow $800 USDC (LTV = 80%). But if you only borrowed $300 (LTV = 30%), the remaining unused $500 is the 'sleeping' capital, and AltitudeFi will allocate this capital to more efficient yield paths.

(3) What happens when the price of collateral assets fluctuates?
🔵 If the price of ETH rises, your LTV automatically decreases, and AltitudeFi will increase leverage, allowing more assets to participate in yield generation.
🔵 If ETH falls, the system will automatically reduce positions, lower the borrowing ratio, and decrease liquidation risks. The entire process requires no manual intervention from users, replacing emotions with algorithms to achieve dynamic optimization of collateralized loans.

In an era of structural rate compression and liquidity overflow, making assets move is more valuable than ensuring they remain static. AltitudeFi's attempt is not a revolutionary reconstruction, but by introducing a 'return flow' mechanism beyond liquidation protection, it may just be one of the optimal solutions in the era of over-collateralization.

There's https://t.co/cBh1fMIZ4G fork but for on-chain dog rescue charity called @Rescue_Meme?

- It's basically a https://t.co/cBh1fMIZ4G fork but on manta
- Difference? It's philanthropic.
- Each doggie name features a token ticker
- 20% of the funds that reached the bonding curve will be donated to rescue stray dogs
- 4 tokens debuted + passed bonding curve, liquidity then added to @PancakeSwap rn

Shinchan's thoughts
- Think it'd be great to add follow-up content feature of those rescue dogs whether it's on X or any other platform
- Website a bit sketchy atm
- More transparency may be needed, potentially on-chain tracking dashboard? From what shinchan knows https://t.co/6fqTTkDhOL is working directly with experienced rescuers from the U.S., China, Thailand, Taiwan, Vietnam, Malaysia, and Indonesia etc.

Im shilling @ATTNtoken from now on and my X is not compromised @GiveRep

POV: shifting supply chain is never easy.

Crypto reference of that is eigenlayer