phtevenstrong

VALUING TO THE SPARK PENDLE MARKET

This one took a bit of math.

And if I'm even close to right, these points could be severely under-valued.

@sparkdotfi 🤝 @pendle_fi

🧵👇

"In-group preference" is where a person is preferential towards people of their own group or demographic.

Historically, virtually every demographic has been highly incentivized to have a strong in-group preference for survival, though more recently certain groups have been disincentivized from having in-group preference through demoralization campaigns and social pressure.

Groups that are disincentivized from having in-group preference quickly become terminal, as they become self-defeating and disinterested in their own survival.

In my opinion, $ETH suffers from this. Last cycle, ETH maximalism was the de facto stance for most ETH and DeFi users. Now ETH maximalism (even from ETH maximalists) is seen as cringeworthy (see also: Bankless) and ETH maximalists are often more likely to get social support for putting ETH down than for trying to publicly build up it up.

BTC, however, doesn't suffer from this at all. BTC in group preference remains remarkably strong and socially incentivized within BTC circles.

We are getting remarkably close to the end of @reservoir_xyz S1.

I'm estimating 67% to 140% APR on my loops.

So let's take a second look at points and valuations, and what we might expect.

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EV Dilemma:

There's a 25% APR yield I'd love to enter. It will last for a good while with deep liquidity.

HOWEVER, it would cost me 0.725% to free up the capital now OR I could wait 10 days to get it at no cost.

Question:
Is it better EV to exit early or to wait the 10 days?

It's better to be a stablecoin genius than a stable genius.

🚨 BEST STABLECOIN YIELDS ISSUE #9 🚨

I am once again reminding you to bookmark this thread

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An interesting way to hedge against a severe pullback is @LiquityProtocol's stability pool.

I.E., if we do see a big pullback, stability pool depositors get remarkably discounted liquidated ETH while benefiting from high stablecoin APRs.

Big Beautiful Orange Coin hit $109K

It's time for the thread

🟠BEST BTC YIELDS ISSUE #4🟠

Hot take, cold brew is better than hot coffee.

Better on the microbiota
Can make a cup in 20 seconds
Cold and refreshing
Mix concentrate 1:1 with whole milk for a nice latte

Best DeFi farming fuel out there

Incredible week for Basis Trade stables.

Ethena at a solid 8% APR (YTs rejoice).

► @ResolvLabs USR boasting 11% 7-Day APR
► $RLP at 20% 7-Day APR

Reminder: You have until the 25th to register for the Resolv airdrop.