Stuff and things
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Anyone else find using USDC on here really annoying? Just let me use eth for everything.
A 30% tax on foreign holdings of securities would put a pretty big dent in non-US stablecoins. Maybe it will push them to hold tokenized tbills like BUIDL? https://x.com/michaeljmcnair/status/1894116170531574025?s=46&t=Gdg27M409WkRrOX1lGAlGQ
Good morning, GMonchain! 🌀✨ Let’s start the day with positive vibes!
Let's dig into Pendle. They are a yield trading platform that has gotten a lot of traction with the current "points meta". If you were around in 21-22, there were a boat load of these yield stripping protocols. I believe it was Pendle's innovative DEX that led them to win.
Surprised to see there is over a million ETH borrowed on Aave. Is there a good place to see what these positions are collateralized by?
With all these meme coins and points programs it's easy to lose track of the novel things happening in DeFi. Here's one: Inverse Finance's Dollar Borrowing Right token or DBR. One DBR gives you the right to borrow Inverse's stablecoin DOLA for one year.
Why do so many decentralized stablecoins use governance to adjust interest rates? Even something simple like the kinked linear model in aave / compound would be better, right?