Tindorr 🌯

Tindorr 🌯

43,475 Twitter followers

Follow

DeFi. AI. Data. Threads that uncover alpha & build conviction. 🧠 Raw takes → https://t.co/L1OMOoJ1j4

Posts

DeFi yield is moving beyond onchain funding rates. The next frontier is yield from CME Gold futures markets. Gold? Yes. Gold contango (future price > spot) is structural, driven by interest rates and cost of carry. The spread between spot and futures is delta-neutral yield waiting to be captured. @Theo_Network is one of the first protocols to bring this onchain with thUSD: - Long tokenized gold (thGOLD) - Short gold futures on CME - Pocket the basis spread. Moreover, thGOLD itself earns ~2% from secured lending to gold retailers. Two independent yield sources stacked together. I'm waiting to jump in here (missed the first pre-deposit campaign, the $100M cap filled in less than 24 hours). Hope they have PT on this one once thUSD publicly launches. I've been farming ~8% APY on PT thBILL (Theo's tokenized T-bills) on Pendle for 4 months and it's printing good on my stables.

Exploit happening on USR @ResolvLabs Someone minted 50M USR using 100K USDC to sell and pull liquidity from LP. While I think the impact won't cascade much as there are small exposures to Morpho's vaults and Pendle PT due to the currently low APR making it less attractive for looping. This is another great reminder to: - Whenever you finish farming PT, rotate back to USDC/USDT. - Diversify hard. - Don't ever park majority of your stable in small stablecoins. - Check exposure on vaults you made deposits. Some really have mixers of looping across small stablecoins. - Risk management in DeFi farming is the most important Stay safe out there.

Bad market, back to the farming update again. More than $4M are farming through my PT cUSD looping strategy. These users on @Infinit_Labs realize they can earn looping yield without vault risk, math in their heads, and manual switching across Pendle and Morpho. Plus, 45,000 IN incentives for farmers this epoch, boosting net APY even higher. Everything is non-custodial. You sign every transaction yourself. And I think people will start farming my PT srUSDe <> USDe looping strategy next if it has incentives in next epoch.

Some whales are looping PT srUSDe on Aave. 🚨 Aave just increased its supply cap to $200m. And it reached $136M within a few hours (+36%). Why are they farming? Because it's profitable: - 29.71% APY when max loop - Each loop has +4.49% APY from PT srUSDe yield - Borrow USDe on Aave (2.31% APY, cheapest rate) - Deep liquidity, easy to unwind I saw this coming a few days ago, so I decided to create this 5x looping strategy template for everyone on @Infinit_Labs. So you don't need to calculate the amount in each step but can still get 14.61% APR on 5x loop. TLDR on how this strategy template works: - Go to my strategy page - Simulate to see all steps - Once execute, agents on infinit build all transactions for you to sign and interact directly with protocols like Aave, Pendle. - It's not a vault. Every transaction is approved and executed by you. - You can verify each step with transaction popup from wallet like Rabby Try it out or you can also manually loop it yourself (Pendle → Aave → Pendle →...) Make sure to understand all risks before looping. NFA, DYOR.

RWA yields on Pendle Update It started to get interesting again with two new assets: ➡ 1. PT apyUSD (13.2% fixed APY) from @apyx_fi I call it "STRC stablecoin" I was trying to find a proxy to access STRC yield onchain, this is it. apyUSD is basically backed by STRC from @Strategy (backed by BTC + gives about 11.5% APR to holders). The yield and collateral source are clear. However, it still lacks clarity. There is a official dashboard but no auditor/entity verifying the data. But I can see constant inflow into this pool (now $43M TVL) LP also gives 19% APR + points. ➡ 2. USDG LP (16.57% APR) from @Paxos This pool is currently incentivized with $150,000 in rewards distributed over a 5-week duration. USDG (Global Dollar) is a stablecoin issued by Paxos Digital + backed by high-quality liquid assets, primarily short-term U.S. T-Bills and dollar deposits. This USDG option feel safe to me. -- DeFi feels better now. Have we passed the winter bottom? Idk but will stay here being a poor farmer 🫡. Not a sponsored post. Everything is based on my own research.

TradFi vs DeFi in the Top 10 Yield Bearing Stablecoins by TVL Interesting to see that all 5 TradFi YBS rely mostly on T-Bills, while DeFi YBS are experimenting with different yield engines. For the top DeFi YBS, most try to stack additional yield from DeFi activities into the base yield. Examples: - @SkyEcosystem sUSDS – Sky's revenue (loans, T-Bills, lending yield) - @maplefinance syrupUSDT & syrupUSDC – institutional lending yields - @USDai_Official sUSDai – GPU-backed loans Not to mention @aave (sGHO) and @Neutrl (sNUSD), sitting in the top 13 with their own yield models. DeFi stablecoins are evolving beyond simple T-Bill wrappers. DeFi will win.

Loading..