TokenBrice (@tokenbrice) • Hey
I share and write about DeFi and NFT, mostly on my blog, and in live shows on Twitch (French).
G.O of 🐓DeFi France, DeFi Strategy @DeFiCollective & 🤼 Lu
Publications
- I've resigned from my position at the Aave / $GHO Liquidity Committee
I cannot recognize myself in how decisions are taken, & things are done there, but a majority of committee members are happy with the current state, so I'm out
For more info check the blog post below
In the post, I share the shortcomings I recognize in a structure such as the GLC and connect them to broader trends observed in #DeFi governance: the rise of professional politicians and the arrival of Newspeak
Read on anon; you're in for a ride
https://tokenbrice.xyz/farewell-glc/
- Oldie but goodie for patient #DeFi padawans
**🦙The Llama University Curriculum**
.
Edited in fall 2022, it covers all the basics of DeFi to be able to understand the mechanisms & workings of protocols.
3 parts, 12 chapters, w resources, exercises & protips:
https://docs.google.com/document/d/1T-TJUW04xIpcyZfUj7CImZ8tKLm6qPzq5rvw2j9Qpaw/edit?usp=sharing
- https://stengarl.ghost.io/live-rollup-tokenbrice-28-11-2023/
Le 28 novembre, @lens/tokenbrice et @lens/aavechan ont réalisé un Live de 2h40 pour parler de divers sujets relatifs à la #DeFi :
🔹Ce qui se passe avec le #GHO
🔹Maverick
🔹Le DeFi Collective
🔹Débat sur l'immuabilité
🔹Opportunités sur les ve(3,3)
🔹En vrac (Gitcoin, Liquity...)
⏲ **Ce live dure 2h40, mais en lisant ce résumé vous n'aurez besoin que de 15 minutes**
Si vous trouvez ce post utile, vous pouvez #LMCC (Like, Mirror, Comment, Collect) et vous obtenez 1 MATIC à chaque fois que quelqu'un collecte votre Mirror 🙂
Les intervenants recevront chacun 10% des revenus, c'est aussi une façon de les remercier pour les infos qui ont été données durant ce live
Merci d’avoir lu 🙏
- **#GHO Liquidity Committee Update #2**
📈 Results: since the inception of the first @mavprotocol uneven static boosted pool (#57), the price has been positively impacted, requiring an adjustment of the Maverick strategy
+ A new strategy harnessing Merkl from @angleprotocol.lens will start tomorrow
**Maverick strategy**
The static, unevenly distributed boosted pool we harness acts like buy walls: as they get filled, they push the $GHO to the left, acting like a self-fulfilling prophecy [->see screen 1]
A well-dimensioned buy wall naturally called for a similar buy wall moved a few ticks to the left a few days later.
Incentives on BP#57 will not be renewed
A new BP, #59, is already available for LP to supply:
[->see screen 2]
With a tighter and more concentrated range, this BP will suffice until $GHO >0.97
**Uniswap v3 / Merkl Strategy**
It has come to our attention that the liquidity for $GHO on @Uniswap is currently unbalanced, mostly to the sell side: [->see screen 3]
To attempt to rebalance the pool, ideally to the exact opposite (~80% USDC, 20% GHO), a campaign has been created on @angleprotocol.lens Merkl, which enables precise & customizable @Uniswap v3 incentivization.
Here are its terms:
- Starting tomorrow
- First trial of 10K / one week
- Allocated 80% based on $USDC supplied, 15% based on $GHO supplied, with a volume ponderation of 5%
- Out-of-range liquidity is not accounted for.
[->see screen 4]
The committee believes a campaign with such parameters will help revert the balance of tokens in the $GHO / $USDC Uniswap pool in favor of USDC (buy-side)
Another experiment happening live before your eyes, which you can participate in!
The new Maverick Boosted Pool can be supplied here:
https://app.mav.xyz/boosted-positions/0x578f0b465cfd916308b1abccc1c5753452893f9b?chain=1
For rewards managed through Merkl, all Uniswap V3 $GHO / $USDC LP qualify starting tomorrow, with the ponderation derived from the above settings. Liquidity can already be supplied & the rewards will be claimable starting tomorrow on Merk's website:
https://merkl.angle.money/?times=active%2Cfuture%2C&phrase=&chains=1%2C
- Expert liquidité au sein de la #DeFI avec @tokenbrice.lens - @liquityprotocol.lens - @defi-france.lens & TheDefiCollective
Merci @tokenbrice.lens pour ton partage 🙏
Vos retours, partages et abonnements sont très appréciés 😃
Bonne écoute 🎧
Spotify 🎧 👉 https://podcasters.spotify.com/pod/show/scalpiw/episodes/Expert-liquidit-au-sein-de-la-DeFI-avec-TokenBrice---Liquity--DeFiFrance--The-DeFi-Collective-e29rlb2
Apple Podcast 🎧 👉 https://podcasters.spotify.com/pod/show/scalpiw/episodes/Expert-liquidit-au-sein-de-la-DeFI-avec-TokenBrice---Liquity--DeFiFrance--The-DeFi-Collective-e29rlb2
Youtube 🎧 👉 https://youtu.be/r7tumF6PEAQ?si=PMZM2MAZjTja2xjb
Les Podcasts De Scalpiw , c'est le #Podcast qui met en avant les acteurs francophones qui participent à faire grandir l’écosystème #crypto et #web3.
#LesPodcastsDeScalpiw
- Gm Lens ☕️
To give you a chance to take on, with respect & love, @stani.lens & @aavechan.lens at the next Luchadores x Forgotten Runes Wizard Cult tournament:
5 Luchadores are up for grabs!
🎁 Like, mirror this post & follow @luchadores.lens
Draw on October 10th at 6 p.m. UTC on our discord https://discord.gg/luchadores
¡ Suerte Luchamigos & see you in the arena ! 🍀
- Hello Hey :)
- ICYMI - The decentralized stablecoin marauder's map is out!
In this piece, I address the critical challenges for designing a decentralized stablecoin & the relevant mechanisms harnessed by live/upcoming ones.
The following stables are covered: $GHO, $LUSD, $crvUSD, $DYAD, & more
https://tokenbrice.xyz/stablecoin-marauder-map/
- Quel bonheur de retrouver une bonne partie de l'equipe de @defi-france.lens lors de #ethcc 😍
N'hesitez pas à collecter ce post même avec un petit montant pour financer les meetup #DeFiFrance à Toulouse grâce à @quadraticlenster.lens 🚀
<span className="hidden"> This post is included in the ethcc round- 2 round (0xfc68882a250f5c444f737b8e4ffbfa6ca769efcd) at quadraticlenster.xyz </span>
- New @luchadores.lens UI is so awesome!
@dydymoon.lens @starny.lens @nelsonrodmar.lens @linka.lens @rolls69.lens @guijo.lens @lalilulelo.lens @jeanmi.lens @elpato.lens @heyzachy.lens @urkund.lens @arthurws14.lens @tokenbrice.lens Isn't it? 🙂
- #LENSCAST - Ep.3: LUSD, THE UNSTOPPABLE ETHEREUM STABLECOIN
This third episode features @tokenbrice.lens, Head of Growth at @liquityprotocol.lens! 🎙️🌿
Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against ETH used as collateral. Loans are paid out in LUSD, a USD-pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%
Wanna be part of the next edition? Our DMs are wide open! 👀
#Lenstube #Lenster #Lensta #Phaver #Orb #LMCC #Lensverse #News #Web3 #Podcast #YouMeme
- The LIP-4 have been implemented 👊
79K$ of TVL in the $LUCHA - $MATIC LP
(90% owned by the @luchadores.lens DAO) 📈
The proposal to enable the LUCHA/WMATIC gauge to receive BAL rewards is up on the @balancerprotocol.lens forum, feel free to share your support 🙌
https://forum.balancer.fi/t/bip-xxx-enable-lucha-wmatic-gauge-polygon/4566
- I'm looking for a junior #DeFi degen to join me on my adventures thriving to support immutable projects | Half-time
Required credentials include wallets, governance participation & onchain activity, but no CV
🙏LMC appreciated to help the post spread.
Are you the degen of my dream? Let's find out:📋👇
https://tokenbrice.xyz/jr-strategist/
- I just minted Github Passport badge from Kleoverse 💚👉 https://kleoverse.com/badge/identity/github-passport
- I won the Aztec @luchadores.lens.lens tournament with Luchips Seis T 🏆🔥
The final was a great fight against @tokenbrice.lens champion: El Caballero Oscuro🦇
To celebrate & allow one of you to register on the next tournament, I’m giving away one of my Lucha 4T 🎁
Follow @dydymoon.lens @luchadores & #LMCC this post to participate 🌿
Results via @lensdropxyz.lens in 2 days
The winner will be able to name the Lucha for free before receiving it (on Ethereum) 🤼♂️
- Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- GM ☕️ #lens
Registration for the Aztec Tournament is now open! 🔥
**🪙 100 $LUCHA entry fee per Luchador**
Visit the "Select Luchador" on "🎮 Play" tab to page in-game to register 👉 https://luchadores.io/
**👕 Wearables are enabled!**
A snapshot of your skills, stats & wearables will be taken when registration closes
Unlike the alpha, you will not be able to equip the same wearable on several Luchadores for this tournament
ℹ️ **256 entrants cap**
The tournament is automated so you don't need to be online to participate.
Tournament start date announced after 256 entrants reached!
Prizes:
🥇 3 piñatas 🪅
🥈 3 piñatas 🪅
🥉 2 piñatas 🪅
4th 1 piñata 🪅
5th 1000 $LUCHA 🪙
6th 750 $LUCHA 🪙
7th 500 $LUCHA 🪙
8th 250 $LUCHA 🪙
9-16th 200 $LUCHA 🪙
+ **3 piñatas to giveaway to random entrants 🪅**
There have been a few design updates to the logo and website UI, we hope you like it!
Luchave a nice day!
- In order to better understand the DeFi & its innovative protocols, more or less complex, I analyze and synthesize the functioning of the protocols in collaboration with the teams
This week I synthetize the funtionning of Liquity protocol.
1) The users open a trove to mint $lusd (stable $) (> 2000$) against collateral $eth, they can close it at any time by repaying their debt in full
2) When 1 $lusd < 1$, users can swap 1 $lusd / 1$ $eth
3) The $lqty holders stake (or unstake) their $lqty to earn $lusd & $eth from borrowing & redemption fees
4) The liquidity providers deposit $lusd in the stability pool to over collateralize users’ troves earning $lqty
5) The liquidators close out liquidating troves (collateral *1.1 > debt) & earn 0.5% of collateral $eth
6) Liquidity is fully automated: the parameters cannot be changed. The troves mint $lusd, are collateralized by $eth and the stability pool over collateralizes the troves
7) Recovery mode kicks in when the total collateral ratio (TCR) of the system falls below 150%, there are several variants depending on the events (see diagram) but stay above 150% collateral and everything will be fine
What I liked about Liquity:
- has no governance: the parameters are defined at the time of deployment
- can be deployed on a multitude of frontend operators, so censorship resistant
- As a borrower, you don't have to worry about debt accumulation because the interest rate is zero
- @fraxfinance.lens Votium dominance...
@balancerprotocol.lens wars and the peace treaty...
@convexfinance.lens cross-chain and incentive changes...
**A December recap to read by the warmth of a fireplace ❄️🎄**
👉 https://weeklygauge.substack.com/p/weekly-gauge-24-december-recaps?sd=pf
- GM ☕️ #lens
Day 16 of the Luchadvent Calendar 🎁
**1 NEW Piñata to win (Aztec Gods edition*)**
Piñata is an ERC 1155 token which can be traded on marketplaces and contains 1 item.
As of December 19th you can break Aztec Piñata
@chainlink.lens VRF will be used to generate 1 ERC 1155 wearable
*More information about Piñata Aztec Gods:
https://medium.com/luchadores-chronicles/pinata-party-2-7002ea1b6458
**To participate follow @luchadores.lens & comment your favorite, *unpronounceable,* Aztec God name**
🤍 Huitzilopochtli - Aztec god of sun and war (common)
💚 Cinteotl - Aztec god of the maize (uncommon)
💙 Tezcatlipoca - Aztec God of Night and Smoking Mirrors (rare)
💜 Quetzalcoatl - Aztec god of wind, air, and learning (epic)
🧡 Mictlantecuhtli - Aztec god of the dead (legendary)
¡ Luchasta mañana !
- GM ☕️ #lens
Day 15 of the Luchadvent Calendar 🎁
**1 wearable to win - Human helmet**
Wearables are ERC 1155, allow players to customize & increase the statistics of their Luchadores
**To participate follow @luchadores.lens, collect like and mirror this post 🌿**
Winner will be drawn after christmas
¡ Luchasta mañana !
- GM ☕️ #lens users
Day 14 of the Luchadvent Calendar 🎁
**1 wearable to win (Human gloves)**
Wearables are ERC 1155, allow players to customize & increase the statistics of their Luchadores
**To participate #LMCC (like, mirror, collect & comment) this post 🌿**
*0.001 wMATIC collect fee is to prevent bots & winner will be drawn at the end of the month*
¡ Luchasta mañana !
- 📣 [ANNOUNCEMENT] Time to bring NFT utilities to Memester x Lens 🔥 [Post 2/2 - SPONSORS]
Tl;dr
🌿 I am writing two Posts with Fee Collect: 'Memester Community' & 'Memester Sponsor'.
⭐️ Collecting one or two of the Posts will give you access to some real ‘utilities’.
♥️ 100% of fees will be used for a Memester x Lens community event.
✌🏼 Collecting THIS post = get access to the “MEMESTER SPONSOR” utilities.
Details
🌿 I am publishing two posts with Fee Collect:
#1: The Memester Community Post | 2 WMATIC Fee collect | Max 1,000 collects.
#2: The Memester Sponsor Post | 20 WMATIC Fee collect | Max 50 collects.
⭐️ You can expect basic utilities for the 'Memester Community' (e.g., access to event), and richer utilities for the “Memester Sponsor” (e.g., Lens handle/ project name on the event marketing material), on an ongoing basis starting this week. More info on the concept of ‘NFT utilities’ and synergies with Lens in the comments.
♥️ For both collections, 100% of the fees collected will be used to organize a Memester x Lens community event - I will share more info on this very soon!
✌🏼 By collecting this post, you will soon get access to the 'MEMESTER SPONSOR' utilities, which I will create and launch on an ongoing basis. Link in the comments for the 'Memester Community Post'.
PS: 10% referral fee for those mirroring this post 😉
PPS: Check the comments for information on how to claim your NFT utilities👇
- GM ☕️ #lens users
🎁 **LUCHADVENT CALENDAR**
Day 8 of the Luchadvent Calendar
**1 wearable to win (Human gloves)**
Wearables are ERC 1155, allow players to customize & increase the statistics of their Luchadores
⚡️**GOVERNANCE**
Yesterday was launched the "LIP#2: One year yield extension", Luchadores owners can voting now:
https://snapshot.org/#/luchadores.eth/proposal/0xd775ac6b9872533485de12e0b937909e8b9dc913cda77a8ff0addf65c543d4e4
**1 Luchador = 1 vote**
If you want a Luchador : https://blur.io/collection/luchadores-io
**To try to win gloves, like & mirror this post 🌿**
*(the winner will be drawn at the end of the month)*
See you tomorrow for the Luchadvent Calendar !
- My sacrifices to VRF Quetzalcoatl are ready 🪅
What about you, Luchador? @luchadores.lens
https://medium.com/luchadores-chronicles/pi%C3%B1ata-party-2-7002ea1b6458
- Piñata Party #2
Aztec Gods Piñata Party is coming soon ! As for the first edition 4500 piñatas will be available :
- 5 slots : helmet, torso, gloves, bottom & boots
- 5 rarities : common, uncommon, rare, epic & legendary
- Each piñata containing one wearable among the collection - determined by the Chainlink VRF
The Piñata Party #2 should begin monday 19th December, no limitation per wallet and only LUCHA, MATIC & MASK will be accepted, more info here 👉 https://medium.com/luchadores-chronicles/piñata-party-2-7002ea1b6458
If you want to know more about the project join us on the discord 👉 https://discord.gg/luchadores
If you don't have any Luchador yet 👉 https://app.uniswap.org/#/nfts/collection/0x8b4616926705fb61e9c4eeac07cd946a5d4b0760
See you tomorrow for the Luchadvent Calendar !
- GM ☕️ #lens users
**Day 6 of the Luchadvent Calendar 🎁**
1 NEW Piñata to win (Aztec Gods edition*)
Piñata is an ERC1155 token which can be traded on marketplaces.
When you are ready, you can break it open and @chainlink.lens VRF will be used to generate 1 ERC 1155 wearable for you
More information about Piñata Aztec Gods:
https://medium.com/luchadores-chronicles/pinata-party-2-7002ea1b6458
To participate **follow @luchadores.lens** and **comment your favorite set with:**
🤍 = common · 💚 = uncommon · 💙 = rare · 💜 = epic · 🧡 = legendary
¡ Have fun bots & luchasta mañana !
- Piñata Party #2
Aztec Gods Piñata Party is coming soon ! As for the first edition 4500 piñatas will be available :
- 5 slots : helmet, torso, gloves, bottom & boots
- 5 rarities : common, uncommon, rare, epic & legendary
- Each piñata containing one wearable among the collection - determined by the Chainlink VRF
The Piñata Party #2 should begin monday 19th December, no limitation per wallet and only LUCHA, MATIC & MASK will be accepted, more info here 👉 https://medium.com/luchadores-chronicles/piñata-party-2-7002ea1b6458
If you want to know more about the project join us on the discord 👉 https://discord.gg/luchadores
If you don't have any Luchador yet 👉 https://app.uniswap.org/#/nfts/collection/0x8b4616926705fb61e9c4eeac07cd946a5d4b0760
See you tomorrow for the Luchadvent Calendar !
- GM ☕️ #lens users
Day 5 of the Luchadvent Calendar 🎁
**1 piñata to win (spaceship pilot collection feat. Cometh)**
Piñata is an ERC1155 token which can be traded on marketplaces.
When you are ready, you can break it open and @chainlink.lens VRF will be used to generate 1 ERC 1155 wearable for you
**To participate #LMCC (like, mirror, collect & comment) this post 🌿**
*0.001 wMATIC collect fee is to prevent bots & winner will be drawn at the end of the month*
👀 **About piñata we have an announcement to make tonight so stay tuned** 👀
¡ Luchasta luego !
- GM ☕️ #lens users
Day 4 of the Luchadvent Calendar 🎁
**1 wearable to win (Human gloves)**
Wearables are ERC 1155, allow players to customize & increase the statistics of their Luchadores
**To participate #LMCC (like, mirror, collect & comment) this post 🌿**
*0.001 wMATIC collect fee is to prevent bots & winner will be drawn at the end of the month*
¡ Luchasta mañana !
- Gm !
I received many msgs on my Christmas Lucha for #DecemberPFP about ppl asking for one, but I didn’t made it 😅
If you want a customized Lucha PFP :
- #LMCC this post 🌸
- Follow @linka on @lensprotocol 🌿
- Add your Lucha ID in comment 🤼♂️
He might drop a few later 👀🎅
- GM ☕️ #lens users
Day 2 of the Luchadvent Calendar 🎁
1 wearable to win (helmet Human)
Wearables are ERC 1155, allow players to customize and increase the statistics of their Luchadores
**To participate #LMCC this post 🌿**
*(winners will be drawn at the end of the month & 0.001 wMATIC collect fee is to prevent bots)*
¡ Luchasta mañana !
- GM #lens users ☕️
We are pleased to announce an exclusive contest on Lens from December 1st, but before that, let us give you a brief presentation of our auto battler designed to exist forever on the blockchain 👇
🔮 **MINT**
May 17th 2021, we launched the minting of 10,000 digital collectibles of Lucha Libre Wrestlers in a pixel art style.
The mint was free, plus the cost of @chainlink.lens VRF, 2 $LINK, to randomly generate attributes, art and other metadata
Each Luchador could obtain 0-8 attributes (no 8 attribute luchadores occurred).
Rarity can be derived from the table below: 7 > 0 > 6 > 5 > 1 > 4 > 2 > 3
Here you can find rarity info: https://luchadores.io/rarity
👾 **LUCHADORES**
Before anything else, joining the Luchadores Club allow you to participate in our grand experiment of unstoppable and transparent game-building.
Luchadores, ERC 721, have their art and metadata stored on Ethereum when game mechanics and tokenomics are stored on Polygon.
All Luchadores are equal, starting with 323 HP and 88 stats, this means that a rarer Luchador is not stronger, only its yield will be higher.
Indeed, to encourage healthy distribution and fair game progression, since December 24, 2021 and for a period of 1 year, Luchadores owners earn LUCHA according to their rarity.
Here you can find yield info: https://luchadores.io/yield
🥊 **FIGHTS**
In order to build a competitive Luchador to win Tournaments or Liga Mayor, players choose 3 skills, from currently a dozen , and 1 passive before entering the ring.
Luchadores attack each other in turn and each successful attack loads their Mojo Gauge (energy)
Once charged to 100, the Mojo Gauge empties to trigger Skill 1
Skills run in chronological order until one of two Luchadores is knocked down (HP = 0)
Wearables and trainings but especially the skills/passive synergizing with the statistics, the whole sprinkled of random trustless with the Chainlink VRF make the fights exciting and the outcome sometimes surprising
🎁 **LUCHADVENT CALENDAR**
To bring the project to the Bloomers, once a day, from December 1 to 24, we will post about the Luchadvent Calendar.
To participate, Lens users should follow Luchadores.lens & #LMCC (Like, Mirror, Comment & Collect) posts to have a chance to be drawn.
Each post will be collectible against a dust of Matic (0.001 MATIC) to avoid bots.
26 participants will win a prize from our collections, among:
· 3 Luchadores - ERC 721 (Ethereum)
· 25 wearables spaceship pilot x Cometh ERC 1155 (Polygon)
· 5 piñatas spaceship pilot x Cometh ERC 1155 (Polygon)
· 12,500 $LUCHA, ERC 20 (Polygon)
· 3 new piñatas ERC 1155 (Polygon)
*To keep the suspense to the end, the 26 winners, 3 for the Xmas day, **will be drawn after Christmas**.*
See you on Thursday Luchamigos!
- A wild new @balancerprotocol.lens pool appeared!
I've baptized this one the "Liquity Trinity." 33.3% $LUSD / 33.4% $wETH / 33.3% $LQTY
It should grow quickly as it enables more efficient compounding for LUSD and LQTY stakers
https://app.balancer.fi/#/ethereum/pool/0x5512a4bbe7b3051f92324bacf25c02b9000c4a500001000000000000000003d7
- I am a liquidity-driver token addict, but I've stayed out of the @balancerprotocol.lens + Aura races so far
No longer! I researched it as I was preparing my entry into the BAL Wars. Sharing it with you so you can get a lay of the land too:
$BAL $AURA
https://tokenbrice.xyz/balancer-wars/
- GM ☕️
Luchadores.io is now listed on the @zapper.lens Gaming DAOs!
👉 https://zapper.fi/daos/luchadores-io?
¡Luchasta pronto!
- We have once again witnessed DeFi’s resilience. This week, the 🥭 Exploiter shorting strategy on $CRV could have been a sharp turn for @curvefinance.lens and @aaveaave.lens 📉📈
👉 https://weeklygauge.substack.com/p/weekly-gauge-21-the-big-short-squeeze
***
Do you like our Weekly Gauge? It’s now possible to discuss with the giga-brain authors, ask for more details or give feedback on every article!
*Subscribe and see how to get started with this guide 🧡*
👉 https://weeklygauge.substack.com/p/join-my-new-subscriber-chat?sd=pf
- Gm !
Just realized I never used @lensdropxyz.lens yet, good time to try it as the Lens fam is growing everyday 🔥
To participate:
- Follow @dydymoon.lens 🌿
- LMCC this post 🌸🔘
(Like, Mirror, Collect & Comment)
I’ll use Lensdrop.xyz to pick one winner of 2500 $LUCHA tokens in 24h 🤼♂️
- Woke up and chose brutal honesty 😇
Major #DeFi protocols have a bias:
They preferentially serve centralized & pseudo-decentralized stablecoins
#DeFi is not built to be the utility layer of $USDC
And even worse: @circle spend 0 to get this support.
What do I mean exactly? Follow the money (incentives).
Major #DeFi protocols together provided dozens of millions of free incentives to centralized stablecoins like $USDC or pseudo-decentralized like $DAI
And $0 to spontaneously support decentralized stables like $RAI or $LUSD
What protocols am I talking about? Major staples like
@AaveAave targeted >58% of its LM budget on centralized stablecoins markets
@CurveFinance giving a free ride to USDC/USDT/DAI with the 3pool for years
While $COMP throws 80% of its LM on USDC+DAI
So here is my message, not asking for anything but for you to think about it:
Main #DeFi protocols easily spent 10+ million each supporting centralized or pseudo-centralized stablecoins.
And precisely 0 supporting decentralized trustless ones.
Make of that what you may.
What follows is my reading:
We have yet another significant incentive issue here. How can we expect trustless stablecoins to rise when all the available firepower is pointed at centralized ones?
Another case of saying we want A while doing everything to make B occur.
And yes, of course, each protocol has its struggle, and the main DeFi protocols decided to throw most of their LM on $USDC to maximize profitability.
But they spent their gov token doing so - shouldn´t governance also account for non-economical motives and longer-term goals?
This is not specific to Aave, CurveFinance, and Compound, three protocols and teams I admire (well at least two of the three 😂)
I want you to envision an alternate #DeFi timeline where the gov of these main protocols was opinionated and supported decentralized stablecoins:
Maybe the $LUSD market cap would be back in the billy range today
Maybe $RAI would have skyrocketed through its ~100M mktcap ceiling.
Maybe this spontaneous support observed would have stimulated many more teams to build radically decentralized stablecoins?
We can't know, sadly
(Reposted from Twitter to Lens so you can collect if you appreciated me sharing .this risky take)
- 👀 Rounds 4 and 5 of the Día de los Muertos tournament has been revealed!
👏 Congrats to the remaining 8 Luchadores!
🏆 Check in tomorrow for the finals!
- gm @lensprotocol
- So far, LUSD has paid the price of its resilience with a 2-3% sustained premium. As more users are worried about the censorability of stablecoins, many want to obtain LUSD. Still, only a fraction is willing to leverage ETH as collateral to mint it.
It results in a buying pressure that makes LUSD scarce in liquidity pools and increases its value. Chicken Bonds have been designed to address both the Liquity protocol and its users' needs.
It provides a new, fun, and amplified yield opportunity for the users on LUSD. At the same time, it helps to grow the liquidity on the main LUSD Curve pool pushing its price closer to the peg.
LUSD Chicken Bonds are an innovative product, assembling DeFi and NFT legos like never before. If successful, the approach made generalizable and harnessed by other projects.
Meanwhile, you can learn more about the LUSD Chicken Bonds to follow the experiment as it unfolds; check out my latest article here:
https://tokenbrice.xyz/lusd-chicken-bonds/
- Hey Pals! Realm Herald Biweekly No. 21 is out.
What's covered:
🛡️ State of Paladin
🧙 Quest Updates
🌡️ Weekly Gauge
✍ New Gov Proposals
and more!
Make sure to subscribe!
https://realmherald.substack.com/p/realm-herald-biweekly-21-devcon
Make sure to subscribe!
- The 33 collects happened much faster than expected, so time for the draw!
🏆️ And the winner is... @pclayne.lens
& Since the Chad has an ENS declared on Lens, there's nothing he needs to do: the egg NFT will be airdropped on the associated address.
Thanks to all who participated!
https://lenster.xyz/posts/0x82-0xc5
- It's time for a Lens-powered Collect 2 Earn Giveaway:
🎁 Win a cool NFT packing $100 of yield-bearing stablecoins you can exit or turn into a proud Chicken & even more yields
How it works 👇️
**///- RULES -\\\*
🤖 Anyone can collect the post with 1 wMATIC - consider this spam protection.
🏃 Limited Edition: 33 contestant,It's time for a Lens-powered Collect 2 Earn Giveaway:
🎁 Win a cool NFT packing $100 of yield-bearing stablecoins you can exit or turn into a proud Chicken & even more yields
How it works 👇️
**///- RULES -\\\*
🤖 Anyone can collect the post with 1 wMATIC - consider this spam protection.
🏃 Limited Edition: 33 contestant max, to keep an excellent>3% winning odds for each.
⏳️ Time Limit: you have one day to collect
The winner will be drawn amongst the collectors of this post in 24h: good luck!
**///- PRIZE -\\\*
The winner will receive a 100 $LUSD Chicken Bonds🥚 NFT - he can recover the 100 LUSD at any time or keep playing for more yields.
**///- PROJECT INFO -\\\*
Chicken Bonds are a novel protocol merging concept from DeFi and NFT to provide additional yield opportunities to LUSD holders that are synergetic with the Liquity's protocol needs. Any LUSD holder can partake; learn more here:
https://www.chickenbonds.org/blog-posts/nft-x-defi-deep-dive-into-lusd-chicken-bonds-dynamic-nft
- It's time for a Lens-powered Collect 2 Earn Giveaway:
🎁 Win a cool NFT packing $100 of yield-bearing stablecoins you can exit or turn into a proud Chicken & even more yields
How it works 👇️
**///- RULES -\\\*
🤖 Anyone can collect the post with 1 wMATIC - consider this spam protection.
🏃 Limited Edition: 33 contestant,It's time for a Lens-powered Collect 2 Earn Giveaway:
🎁 Win a cool NFT packing $100 of yield-bearing stablecoins you can exit or turn into a proud Chicken & even more yields
How it works 👇️
**///- RULES -\\\*
🤖 Anyone can collect the post with 1 wMATIC - consider this spam protection.
🏃 Limited Edition: 33 contestant max, to keep an excellent>3% winning odds for each.
⏳️ Time Limit: you have one day to collect
The winner will be drawn amongst the collectors of this post in 24h: good luck!
**///- PRIZE -\\\*
The winner will receive a 100 $LUSD Chicken Bonds🥚 NFT - he can recover the 100 LUSD at any time or keep playing for more yields.
**///- PROJECT INFO -\\\*
Chicken Bonds are a novel protocol merging concept from DeFi and NFT to provide additional yield opportunities to LUSD holders that are synergetic with the Liquity's protocol needs. Any LUSD holder can partake; learn more here:
https://www.chickenbonds.org/blog-posts/nft-x-defi-deep-dive-into-lusd-chicken-bonds-dynamic-nft
- It's time for a Lens-powered Collect 2 Earn Giveaway:
🎁 Win a cool NFT packing $100 of yield-bearing stablecoins you can exit or turn into a proud Chicken & even more yields
How it works 👇️
**///- RULES -\\\*
🤖 Anyone can collect the post with 1 wMATIC - consider this spam protection.
🏃 Limited Edition: 33 contestant,It's time for a Lens-powered Collect 2 Earn Giveaway:
🎁 Win a cool NFT packing $100 of yield-bearing stablecoins you can exit or turn into a proud Chicken & even more yields
How it works 👇️
**///- RULES -\\\*
🤖 Anyone can collect the post with 1 wMATIC - consider this spam protection.
🏃 Limited Edition: 33 contestant max, to keep an excellent>3% winning odds for each.
⏳️ Time Limit: you have one day to collect
The winner will be drawn amongst the collectors of this post in 24h: good luck!
**///- PRIZE -\\\*
The winner will receive a 100 $LUSD Chicken Bonds🥚 NFT - he can recover the 100 LUSD at any time or keep playing for more yields.
**///- PROJECT INFO -\\\*
Chicken Bonds are a novel protocol merging concept from DeFi and NFT to provide additional yield opportunities to LUSD holders that are synergetic with the Liquity's protocol needs. Any LUSD holder can partake; learn more here:
https://www.chickenbonds.org/blog-posts/nft-x-defi-deep-dive-into-lusd-chicken-bonds-dynamic-nft
- Major #DeFi projects such as @AaveAave & @CurveFinance are launching their stablecoin soon
The impact on protocol revenues will be massive
Aave currently generates $184M yearly revenues
GHO could add >$50M/y (conservative estimate: 2% IR, ~3B mktcapt)
https://tokenbrice.xyz/aave-gho-stablecoin/
- It's time to talk about Aave's upcoming stablecoin $GHO
I studied the design presented several weeks ago on the governance forum & anticipated how Aave + GHO could look like (aGHO anyone?)
👇It also includes revenue projection: it will be juicy as ~$50K/daily is my lowest estimation (assuming a 1.5B market cap & 1% borrowing fee)
Read the full article here:
https://tokenbrice.xyz/aave-gho-stablecoin/
- It's time to mobilize to protect Pooly and #DeFi
If you own a PoolTogether Pooly #NFT, you can partake in this giveaway to win a 10 000 USDC delegation on PoolTogether for 6 weeks
All the info is here:
https://twitter.com/TokenBrice/status/1535228475719704577