Tom Wan

Tom Wan

15,391 Twitter followers

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head of data @entropyadvisors | prev. @21co__ @21shares views are my own & NFA

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Since the @ResolvLabs hack, Fluid has seen ~$600M in outflows across EVM chains. Ramification: stablecoin lending rates are now well above T-Bill rates across, with opportunities ranging from 6% to 10% including incentives. Risk-off for some, might be opportunity for others.

$1.1B USDT and $100M sUSDe outflow on Aave Ethereum, why? Aave on Mantle is offering 3.75% Supply Rate on USDT (+1.75%) and 0.7% Borrow Rate on USDe (-1.8%), which makes them a better place for USDT yield and sUSDe looping. Plasma/Arbitrum/Base are mostly unaffected. twitter.com/tomwanhh/status/20...

No need to loop manually anymore, just use Fluid, currently yielding 11%, FIXED. Under the hood it is looping sUSDe, syrupUSDC, sUSDai, syrupUSDT on Aave/Fluid across 3 different chains: Ethereum, Plasma, and Arbitrum. twitter.com/tomwanhh/status/20...

The side effect of huge TVL inflow is supply rates will get compressed if the liquidity demand couldn't catchup. Katana's Morpho Liquidity jumped 3x but it fails to sustain as supply rates dropped to ~1% due to lack of liquidity demand. On the market level, even with negative interest rate for borrowing, between -4% to -20%, there are still millions of idle liquidity. twitter.com/tomwanhh/status/20...

Never blame your users. This applies to whateber you are building: content, data, protocol, etc. Always reflect and do better, make your users/readers have a better experience. twitter.com/tomwanhh/status/20...

Ethena is proposing to lend to Maple Institutional. Maple Institutional depositors should be watching. The spread between Maple Institutional and syrupUSDC has compressed from 2.7% to ~0.7% in the past year. More capital deploying to the same book could compress yields further.

X is only sending me notifications today on my unread messages from the requests inbox. Missed so many interesting conversations, if you are one of them I hope you wont mind! It’s time to check the request inbox everyone!

In light of recent market volatility, @boros_fi 30D Skew % hasn't been positive since late Jan and continues to trend lower. Skew % is the imbalance between long vs short taker volume. Short dominance typically means: - Hedging yield exposure - Speculation on more rate decline

Incentives don't have to be unproductive. DRIP drove $51 in Arbitrum TVL per $1 deployed through market share gains. One of the most capital-effective incentive programs ever. Learn more below 👇 twitter.com/EntropyAdvisors/st...

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