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why is $USDT trading at such a steep premium
atm
?
i know there’s a 10bps redemption fee but this is a 30bps
arb
seems high
#USDT
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USDC
0,9996
+0.02%
150
0
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this is flying under the radar i think you can deposit all kinds of assets on Polynomial and use them as margin collateral e.g 10.9% on $weETH or 7.7% on $cbBTC (incentives paid in $OP) also opens up opportunity to basis trade where you short & pocket another 10% in funding
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why isn't this trading higher? 🤔
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was confused by the plasma sale $50m cap per person announcement turns out that's not for the sale it's kind of a lockdrop where you deposit tokens for a couple of months and that determines your allocation in the ICO that follows after the sale your USDT will be on Plasma
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it's rare that I get excited about new DeFi projects the big 0→1 moments in DeFi happen usually happen when a new yield source is unlocked until now we had: - staking yield - lending yield - basis trade yield @infinifilabs is producing a new type of yield: amplified yield
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just realized that @safe has some recovery modules that you can activate in case you lose access to all signers - zk-email recovery - or a paid version with a Swiss bank where you get white glove service and need to prove your identity to recover anyone using this?
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