Stuff and things
49 Followers
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!
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.
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?