Bridges hold a crucial position as the 4th category with the highest TVL, exceeding a staggering $8.8 billion.

It has a vital role in the ecosystem!

Discover a hidden early project gem that unveils how you can capitalize on this thriving sector.

Let's dive in! 🧵

$ALTD

In order to fully understand the significance and potential risks associated with bridges, it is crucial to comprehend their functioning and the role of oracles.

I highly recommend reading the following for a clear perspective on the topic.

https://twitter.com/RealDegenGMX/status/1631293361016516609?s=20

The growing number of hacks on bridges within our space emphasizes the criticality of establishing a secure bridge for the ecosystem.

That's where @AltitudeDeFi comes in, offering:

• Untapped blue-chip asset bridging
• Built on Layer Zero
• The HUB - resilient to outages

If you're interested in learning how $ALTD works and its comprehensive details, I wrote a thread about it last March.

Today, they're launching their LBP on @FjordFoundry where you can purchase $ALTD to:

• Earn real yield through protocol earnings
• Vote on protocol parameters

https://twitter.com/RealDegenGMX/status/1633174170245935107?s=20

☑️ IDO DETAILS ☑️

• Where ---> @FjordFoundry
• LBP Price ---> $.42 to .0019
• from August 22nd 12pm to August 26th

$ALTD will be distributed as follows:

• 60.5% Community
• 25% Foundation
• 2.5% Advisors
• 7% Public sale - 100% unlocked at TGE
• 5% Airdrop 👀

☑️ How LBP Works ☑️

In a LBP, the project token initially carries a high weight, while another asset (e.g., stablecoin) has a low weight.

As time passes, the weight of the project token decreases, resulting in a drop in its price if there isn't any external buying pressure.

The gradually decreasing price incentivizes potential buyers to wait, leading to a fairer distribution and allowing the market to determine the token's value.

The mainnet launch is set for August 28th. Don't miss out on the opportunity to qualify for an airdrop. 👀

With a solid team and tokenomics, I'll be closely monitoring their progress post-mainnet to see how their revenue unfolds!

https://twitter.com/AltitudeDeFi/status/1691751650816303274?s=20

Disclaimer: This tweet has been made in collaboration with @AltitudeDeFi.

I am sharing projects that have a high-quality product and team.

Of course, none of this should be considered financial advice. Always do your own research and invest cautiously!

Tagging $ALTD lovers;

@arndxt_xo
@jake_pahor
@Slappjakke
@TheDeFISaint
@Chinchillah_
@CJCJCJCJ_
@Only1temmy
@LayerZero_Labs
@Louround_
@CryptoShiro_
@pt1mfv_

The Significance of Bridges in the Crypto Ecosystem

Are you tired of the hassle but still crave for huge rewards? If so, then prepare to be amazed by this hidden gem. 💎

Introducing a sustainable flywheel where you can earn a whopping 200% APR all paid in stablecoin! 👀

Shall we dive in? 🧵

Bookmark this because you won’t want to miss this one 👀👇

In this thread I will cover;

1️⃣ The pain points of ve(3,3)
2️⃣ What is Caviar?
3️⃣ The benefits of Caviar
4️⃣ Working mechanism
5️⃣ Conclusion

1️⃣ The pain points of ve(3,3)

The ve(3,3) mechanism stands out as a particularly innovative strategy in DeFi. But what exactly is this flywheel, and how does it function? Let’s clear this up step by step.

Here's how it works:
-----------------------

• Users deposit their LP tokens to farm ve(3,3) governance token.
• Users have the option to lock these tokens to receive veXXX
• Then, they can vote to direct emissions to the pool of their choice, further increasing their yields.

So, ve(3,3) is not solely focused on individual profit. It operates as a community-driven mechanism where active user participation shapes the distribution of rewards.

Therefore, incentivizing users and fostering a strong community are crucial to the success of the ve(3,3) game.

However, the barrier to entry for playing the game is high.

Users must lock and vote weekly for the pools that receive luxury bribes, which can make it challenging for regular DeFi users to maximize their rewards.

What often occurs is that one crucial step, which involves acting in the community's interest, fades away.

If individuals don't understand how to maximize their rewards, they end up simply LPing and dumping the rewards without actively participating in the game.

This negatively impacts the overall performance of the flywheel and diminishes the net benefit for all participants, including LPers. It becomes a complete race to the bottom.

So the pain points are:

• There is a higher barrier to entry for normies or even DeFi beginners.

• There is a lack of guidance for potential users to act on ve(3,3) philosophy's interest.

• Users might be hesitant to lock up their assets for extended periods (illiquidity concerns), especially during volatile market conditions.

• Even voting fatigue might happen if we consider how attention span is shorter for CT.

2️⃣ What is Caviar?

Enter - Caviar - a liquid wrapper for the @pearl ecosystem. Think of the luxury and simplicity of caviar. That's what CAVIAR by Tangible DAO is all about.

CAVIAR can make the DeFi landscape more accessible by simplifying and streamlining several steps of the ve(3,3) mechanism into a single process.

This minimizes barriers to entry and makes it easier for newcomers to participate.

To understand the potential benefits of using Caviar, I highly recommend reading the tweet below.

Pearl Finance mandates its partners to pair their assets with $USDR, a stablecoin backed by RWA holdings.

https://twitter.com/cyrilXBT/status/1671469722356023297?s=20

Pearl has 3 strong narratives as the time being;

• Optimized ve(3,3)
• RWA
• Launching a liquid wrapper for vePEARL - Caviar

3️⃣ The benefits of Caviar

You can be a $PEARL holder, a $vePEARL holder, or neither of them. This product caters to your desire for maximized yield while providing the simplicity you deserve through close-to-passive investing.

• Incredible High Yield: Caviar doesn't settle for less. You can stake $CVR and earn triple-digit yields, all in stablecoins.

• Utter Simplicity: You can let Caviar handle the work. It votes on your behalf, ensuring optimized returns without the regular hassle of ve(3,3).

• Mitigating Illiquidity Concerns: Dive in or out as you please. With CAVIAR, there are no lock-ups. You can convert vePEARL-CVR anytime or swap for PEARL on the secondary market.

4️⃣ Working mechanism

Tangible simply uses vePEARL that has been received from $CVR minting operations to vote on most profitable pools. Profit is shared as ;

• 80% to Caviar stakers

• 20% to veTNGBL holders

It just takes 3 steps to earn those triple-digit earnings:

☑️Get Caviar: You can either buy from the CVR/PEARL pool or mint with your $PEARL, vePEARL.

☑️Stake Caviar: Stake $CVR on Tangible for a 200% APR.

☑️Claim: You can claim anytime or compound for higher returns.

You would like to redeem $vePEARL?

Not a problem, as I said, this is a liquid wrapper for $PEARL. It aims to solve illiquidity on the current ve(3,3) mechanism.

You can convert your Caviar to $vePEARL anytime you want with a 3.5% fee or sell $CVR for $PEARL on the market.

Until 4M $vePEARL static fee is going to be implemented at a 5%. After this milestone is achieved, the dynamic fee procedure is going to come into play.

Therefore, it might be more capital efficient to get in before the pool finishes.

https://twitter.com/tangibleDAO/status/1691963461327335784?s=20

5️⃣ Conclusion

I believe this is the next evolution in vote escrow tokenomics with its benefits. As I mentioned above, addressing the pain points of ve(3,3),

Caviar will be a great tool for ensuring that a flywheel is created for the benefit of all stakeholders of the Pearl eco.

I will be watching the CVR/vePEARL ratio to observe the dominance of the product. With increasing dominance, the maximization of yield will increase for vePEARL holders.

The ve(3,3) flywheel will be in full swing; therefore, longing $Pearl or minting $CVR would be a luxury.

Betting on the success of the Tangible ecosystem is betting on RWA and the end game for ve(3,3).

Disclosure: This tweet has been made collaboration with Tangible DAO.

I am sharing only projects that has a high quality of product and team.

200% APR paid in stables ---> Liquid Wrapper for $PEARL - CAVIAR

@Moomsxxx
@jake_pahor
@0xTindorr
@Defi0xJeff
@chinchillah_
@Louround_
@thelearningpill
@matrixthesun
@0xCrypto_doctor
@CryptoNikyous
@Louround_
@DeFiMinty
@splinter0n
@BobtheBuildooor

200% APR paid in stables ---> Liquid Wrapper for $PEARL - CAVIAR

@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@CryptoGideon_
@DefiVampire
@DegenCamp
@arndxt_xo
@Hercules_Defi
@0xAndrewMoh
@wacy_time1
@Cryptoalpharian
@the_smart_ape
@cryppinfluence
@FarmerTuHao

Luxury Caviar

The upcoming release of $LBR v2 is causing a stir in the market.

Buckle up, as its price action could have a ripple effect on the LSDfi narrative

No worries, I've done the work so you do not have to🚀

Let's dive into 8 remarkable projects and their catalysts in this field!

🧵

1⎜🔷 @LybraFinanceLSD - $LBR

Lybra is extremely undervalued with its 0.062 MCAP/TVL ratio. This demonstrates potential growth and an opportunity for investors who see its value.

Catalysts:

• Omnichain
• Tokenomics Upgrade
• New LSTs for collateral
• LBR wars

http://twitter.com/18decimals/status/1690245767053619200?s=20

2⎜🔷 @SenecaUSD - $SEN

Seneca is a CDP protocol designed for LSTs. Users will have the ability to mint $senUSD using their LSTs, such as wstETH, cbETH, LP tokens.

Catalysts:

• Omnichain
• Isolated debt mechanism
• Using LP tokens for collateral
• Low cap - 720K at TGE

https://twitter.com/CryptoGideon_/status/1687840939468021760?s=20

3⎜ 🔷 @raft_fi - $R

Users have the opportunity to open leverage positions using Flash Mint with its $R stablecoin up to 6x leverage.

Catalysts:

• Flash mint adoption
• Collateral expansion
• Arbitrum expansion

http://twitter.com/RealDegenGMX/status/1669328745596063746?s=20

4⎜ 🔷 @parallaxfin - $PLX

With its 4 products , Parallax aims to be the yield optimizer of Arbitrum. Maximizing returns for LSD yield enjoyers.

Catalysts:

• Layer Zero expansion
• No VC funding
• IDO on August 16th

https://twitter.com/Flowslikeosmo/status/1690166224112799746?s=20

5⎜ 🔷  @Adscendo_fi - $ADO

Adscendo is pushing the boundaries of capital efficiency with its latest derivative product, $lstETH offering up to 14x leverage without funding fees

Catalysts

• Unique niche product
• Introducing stablecoin 3.0 with aUSD
• Cross-chain deployment

https://twitter.com/RealDegenGMX/status/1688611385394253824?s=20

6⎜ 🔷 @ZeroLiquid_xyz - $ZERO

Self repaying loans for LSDs with $ZERO interest and no liquidation risk.

Catalysts:

• Mainnet launch in August
• Variety of collaterals
• No VC funding

https://twitter.com/Tanaka_L2/status/1671422291845210114?s=20

7⎜ 🔷 @gravitaprotocol - $GRAI

$ETH centric borrowing protocol for LSDs and a facilitator of Liquity ecosystem

Catalysts:

• Omnichain
• Integration of other LSDfi products
• Yield maximization

https://twitter.com/TapioFinance/status/1687908597986897920?s=20

8⎜ 🔷 @unsheth_xyz - $USH

$USH is a protocol that aims to improve validator decentralization through their unique vdAMM mechanism.

Catalysts:

• Project Sentience to decentralize the LSD stack
• Seed round investment - $3.3M
• Omnichain

https://twitter.com/CryptoNikyous/status/1641351238888624128?s=20

8 LSDfi projects with catalysts --->

@Moomsxxx
@jake_pahor
@0xTindorr
@Defi0xJeff
@chinchillah_
@Louround_
@thelearningpill
@matrixthesun
@0xCrypto_doctor
@CryptoNikyous
@Louround_
@DeFiMinty
@splinter0n
@BobtheBuildooor

8 LSDfi projects with catalysts --->

@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@CryptoGideon_
@DeFi_Finest
@DeFi_Taha
@DegenCamp
@arndxt_xo
@Hercules_Defi
@ardizor
@wacy_time1
@Cryptoalpharian
@the_smart_ape
@cryppinfluence
@FarmerTuHao

Overview of LSDfi

Get ready for the bull market now to grab those massive Xs.

To capture those sweet Xs, get your hands dirty and scratch the surface.

I did the work so you don't have to.

Let's dive into @SenecaUSD - $SEN and see how they're set to dominate the LSDfi market.

A🧵

In this thread I will cover;

1️⃣ Latest developments on LSDfi
2️⃣ CDP mechanism
3️⃣ Seneca Protocol
4️⃣ Apricus Chambers
5️⃣ Tokenomics
6️⃣ Conclusion

1️⃣ Latest developments on LSDfi:

The LSDfi market is currently experiencing rapid acceleration.

$LYBRA v2 is in the works, bringing numerous new features.

$R has introduced 1-step leverage up to 6x, allowing you to earn a 25% APR on your LST.

In the meantime, new primitives like Eingenlayer are shaping the space by creating new utilities for LSTs.

You can restake your LST to earn incentives from protocols that need to secure their state with Ethereum's security layer.

Lybra is at the forefront of capturing LSTs in their protocol, followed by $crvUSD and Raft fi.

In my opinion, we are still far from market saturation. I believe we will soon enter a shake-out phase to eliminate forks and non-value added protocols.

In the meantime, some protocols will gradually expand their features and carve out small niches within the space. A few of them may even surpass the $LBR TVL.

I believe Seneca has the potential to capture a significant market share with its isolated-debt function and LPTs.

2️⃣ CDP Mechanism

Without delving into Seneca, it's important to highlight how CDP protocols work and their essence.

CDP protocols involve projects that create their own stablecoin through collateralized lending.

Maker DAO, with its $DAI, is the pioneer and creator of this framework. The general CDP category currently holds over 9 billion dollars.

Users can simply lock a specific amount of collateral in a smart contract and borrow assets based on the CR determined by the risk parameters.

CDP protocols offer convenient ways to leverage additional rewards on borrowed assets and enable to create Delta Neutral strategies.

It's important to note that there are also disadvantages and risks associated with their use, such as the risk of bad debt.

Bad debt arises from a massive liquidation cascade effect when the value of collateral plummets during market turmoil.

As a result, the collateral cannot be sold at a fair price, leading to a shortfall.

3️⃣ Seneca Protocol

Seneca is a CDP protocol designed for LSTs. Users will have the ability to mint $senUSD using their LSTs, such as weETH, cbETH, LP tokens 👀

This means Seneca is taking the LSDfi game one step further by enabling yield-bearing assets to be used as collateral.

Seneca is set to accept LP tokens from Curve, Balancer, and Uniswap v3, allowing users to maximize their capital efficiency.

Compared to its rivals, Seneca's target audience is broader.

I believe this will give them a competitive edge in terms of earnings when they launch.

Let me tell you what you can do with Seneca.

Seneca utilizes Layerzero technology to offer omnichain capability, allowing users to seamlessly lend and borrow across different chains.

Here are some of the things you can do:

• Borrow $senUSD against your yield-bearing assets.
• Leverage your borrowed assets through looping.
• Earn platform revenues.
• Experience the ease of omnichain functionality.

4️⃣ Apricus Chambers

But how will Seneca manage its risk with numerous collaterals and yield-bearing assets from various protocols?

Seneca has a solution: An isolated debt mechanism.

This means that each pool operates independently, allowing users to open multiple CDPs with different collateral and debt positions.

In other words, the debt within each CDP is isolated from the debt of other pools.

By doing this, you won't be taking the risk of other pools, only your own pool that you have borrowed or lent from.

Seneca will still carefully select protocols with high reliability and sufficient liquidity to further mitigate risks within isolated pools.

💰Stablecoin

$senUSD, similar to other CDP stablecoins, is minted by locking collaterals and following a specific collateral ratio (CR). But how does it maintain its peg?

If the value of senUSD is greater than $1, users can mint senUSD with collateral worth more than $1 and sell it for a profit.

If the value of senUSD is less than $1, users can buy senUSD from the open market and redeem it for $1, which helps drive the price back to $1.

5️⃣ Tokenomics

I've noticed that Seneca took note of the LSDfi tokens in the market when creating their $SEN.

While $LBR achieved considerable success with its project, their tokenomics faced criticism due to their emission model and the percentage allocated for incentives.

The amount of $SEN shared for bootstrapping the protocol seems more reasonable at 35%.

It's important to consider that around 30% of the supply will be on the market during the first 3 months.

Users have the option to lock 80sen-20weth for 16 weeks in order to receive $veSEN and earn several benefits:

• Real yield from protocols' revenue
• Participation in the decision-making process
• Receiving bribes from protocols for directing $SEN emissions to specific pools

Seneca has various efficient revenue generation resources, including:

1) Borrow fees
2) Interest accrued by open positions
3) Protocol share of liquidation fees

In the meantime, the protocol will buy back $SEN from the market and burn it using 50% of the lending revenue.

This makes $SEN a potentially deflationary token in the future.

Security is a top priority for Seneca. Prior to their launch, they will undergo an audit.

Additionally, the team will implement borrowing restrictions at launch to ensure a gradual growth of the user base and mitigate potential risks.

6️⃣ Conclusion

When you realize that a project has the potential to capture a significant market share and fill a niche within its sector, there are luxury rewards awaiting.

I believe $SEN might be a strong candidate for this, given its isolated debt mechanism, CHAD team, organic growth of their community, acceptance of various LPTs and LSTs to drive more revenue, and utmost importance placed on security.

I will be closely monitoring their progress.

Seneca Protocol ---> LSDfi borrowing, $SEN - follow them

@Moomsxxx
@jake_pahor
@0xTindorr
@Defi0xJeff
@chinchillah_
@belizardd
@thelearningpill
@matrixthesun
@0xCrypto_doctor
@nobrainflip
@Louround_
@DeFiMinty
@splinter0n
@monosarin

Seneca Protocol ---> LSDfi borrowing, $SEN - follow them

@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@CryptoGideon_
@DeFi_Finest
@DeFi_Taha
@DegenCamp
@arndxt_xo
@zucl1ck
@ardizor
@wacy_time1
@Cryptoalpharian
@the_smart_ape
@cryppinfluence
@FarmerTuHao

Diving into the SenecaUSD and the LSDfi Market

Don't get left behind! LSDfi's explosive growth means you can't afford to miss out on the next huge thing.

A comparative analysis of LSDfi space - $LUCID, $LBR, $R

Introducing @lucid_fi — the game-changer in LSDfi with its innovative approach, alpha at the end 👀

A🧵

1️⃣ LSDfi analytics
2️⃣ What is @lucid_fi?
3️⃣ Protocol features and $DUSD
4️⃣ Tokenomics
5️⃣ Roadmap
6️⃣ Conclusion

1️⃣ LSDfi Analytics:

The amount of ETH staked on LSD protocols continues to grow exponentially, reaching an impressive $19B TVL.

$LDO is leading the way, capturing a significant 79.4% market share.

The market for LSD-backed stablecoins is experiencing a surge in market capitalization, reaching a $165M mcap and $610M TVL, and competition is intensifying.

There is a clear demand for utilizing LSD tokens, with even forks gaining attention from investors.

Imo, the LSDfi market still has room to grow, and protocols that bring innovation will thrive.

Considering that the target market of LSDfi has a TVL of $19B, the current market share of LSDfi stands at just 3.15%.

Enter -------- $LUCID

2️⃣ What is @lucid_fi?

$LUCID is a borrowing/stablecoin protocol focused on LSD that aims to provide:

• Capital efficiency for LSTs, leverage with "0" fees
• Sustainable real yield
• Market expansion around $DUSD with new lending products and integration into broader DeFi

I believe one of the innovative aspects of the protocol is its ability to allow investors to provide ETH-backed LP tokens to mint $DUSD.

This can kickstart the flywheel on the protocol, targeting a market of $1B.

$LUCID will bring further capital efficiency and leverage opportunities to LSD LPers.

This will ultimately boost the user base on the protocol and increase earnings, resulting in a sustainable real yield APR for $esLUCID stakers.

3️⃣ Protocol features and $DUSD

$DUSD is the LSD-backed stablecoin of the protocol, allowing users to earn daily rebases from real yield. $DUSD comes with the following features:

• Omnichain functionality at launch
• Zero fees for minting
• Zero borrowing fees

Users can borrow/mint $DUSD with variety of collaterals ;

• wstETH
• cbETH
• rETH
• sfrxETH
• WBETH

Blue-chip LPT token collateral

• Yearn
• Curve
• Balancer

How does it restore the peg?

If $DUSD > $1, users mint DUSD with a worth of higher than $1 and sell it for profit.

If $DUSD < $1, users buy DUSD from the open market and redeem it for $1, driving the price back to $1.

What can you do with $DUSD?

☑️ Leverage
☑️ Earn $esLUCID and incentives
☑️ Rebase yield from the generated earnings through collaterals

What about LPers?

Depositors' collateral is put into Yearn, Lido, etc. to generate yield, which is distributed as $DUSD. The daily rebase function of $DUSD allows the generated yield to keep earning more yield. 👀

Depositors also earn;

☑️ $esLUCID emissions
☑️ Protocol boosts

It's important to note that each collateral yield is independent on $LUCID, ensuring that every risk taker is rewarded proportionally.

Benchmarking

$LUCID stands out from its rivals due to its added features. By supporting LP tokens for collateral and implementing a boost mechanism, it has the potential to enhance the flywheel effect.

4️⃣ Tokenomics

The distribution of supply appears to be reasonably efficient. There are no VCs involved, and the team has a 2-year vesting period.

Additionally, there is enough supply for the ecosystem to enhance the user base around $DUSD and beyond.

Users have the opportunity to stake their $LUCID for $esLUCID and enjoy the following benefits:

☑️ Earning protocol fees
☑️ Voting on protocol parameters, such as adding or removing collaterals
☑️ Boosting mechanism

5️⃣ Roadmap

In the pursuit of groundbreaking and disruptive ideas, we often overlook the value of incremental innovations.

Yet, successful roadmaps acknowledge the power of incremental innovation and embrace its immense potential.

The $LUCID team has established 5 milestones for the success of the protocol:

• Implementing Zap feature for leveraging
• Stability pool to mitigate insolvency risk
• Enabling $DUSD composability
• Introducing omnichain LPs for $DUSD
• Minting $DUSD on L2s

Alpha-1! 👀

$LUCID is currently flying under the radar in the CT. Public sale of the protocol is just around the corner. It will be FCFS.

Here are the details:

- Hardcap: 200 ETH
- MCAP/FDV: $495K/$9.5M
- Max Allocation: 5 ETH

Alpha-2! 👀

As you aware, $Pendle eco has been flourishing recently and achieving new heights. Integrating PT assets into Lucid could potentially supercharge the flywheel

Users will be able to mint with PT assets > increase on protocol earnings > higher APR for $esLUCID stakers

https://twitter.com/lucid_fi/status/1674337197909000192?s=20

6️⃣ Conclusion

I believe when the bulla arrives, picking up projects with a strong value proposition, solid team, sufficient runway, and promising roadmaps will greatly increase your chances of achieving Xs

Betting on $LUCID is betting on the tremendous success of LSDfi.

Disclaimer: This thread is made in collaboration with @lucid_fi.

While I may be biased, I have provided all the information to you as effectively as possible. The protocol will publish audit results before their launch, and I will be closely monitoring them.

LUCID FINANCE ---> LSDfi borrowing, Pendle PT for collaterals - follow them

@Moomsxxx
@jake_pahor
@0xTindorr
@Defi0xJeff
@chinchillah_
@belizardd
@thelearningpill
@matrixthesun
@0xCrypto_doctor
@nobrainflip
@Louround_
@DeFiMinty
@splinter0n

LUCID FINANCE ---> LSDfi borrowing, Pendle PT for collaterals - follow them

@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@CryptoGideon_
@DeFi_Finest
@DeFi_Taha
@DegenCamp
@arndxt_xo
@zucl1ck
@ardizor
@wacy_time1
@Cryptoalpharian
@the_smart_ape
@cryppinfluence
@FarmerTuHao

LSDfi: An Explosive Growth Story

Imagine having the power to tailor your risk profile in the Ethereum ecosystem. Sounds too good to be true? Not anymore frens!

Introducing the Mori Protocol, a revolutionary platform, lets you do that.

Let's dive into it 🧵

$MORI $LUSD $LBR #LSD

In this thread I will cover;

1️⃣ What is $MORI ?
2️⃣ Products
3️⃣ Working Mechanism
4️⃣ Risk Management
5️⃣ Conclusion

1️⃣ What is $MORI ?

The Mori Protocol is a native stable asset protocol that aims to offer users an alternative risk/return profile.

It achieves this by dividing the volatility of ETH into low-volatility stable assets and high-volatility derivative assets.

In the ever-changing landscape of cryptocurrencies, there is a growing demand for decentralized stable assets that can withstand market manipulation and regulatory uncertainties.

Time and again, we have witnessed how regulators or malicious actors attempt to shake the stability of traditional fiat-backed coins by spreading insolvency rumors.

As a result, many individuals in the crypto community are becoming increasingly frustrated with these disruptions.

$LUSD—a promising decentralized stablecoin candidate—that aimed to address these concerns head-on.

However, despite its potential as an innovative solution within the space, it has faced challenges when it comes to capital efficiency and scalability aspects.

This is where Mori steps onto center stage with its compelling value proposition—supercharging LSD ecosystem using their groundbreaking products: $ETHs and $ETHc to capture the value.

2️⃣ Products

☑️ ETHs : It is designed for users with a lower risk tolerance. It offers stability and reduced volatility compared to the underlying asset

Users who prefer a more conservative approach and want to minimize their exposure to market fluctuations may opt for $ETHS

☑️ ETHc: It caters to users who are willing to take on higher risk in exchange for potentially higher returns.

These derivative assets mirror the volatility of the underlying asset (ETH), allowing users to benefit from price movements.

Traders and investors who are comfortable with market volatility and seek profit opportunities may choose to engage with these derivative assets.

3️⃣ Working Mechanism

The ratio at which ETH is split into ETHS and ETHC is decided by the users when minting operation is done.

The price of ETHS is designed to change by 10% of the ETH price. For instance, if the ETH price rises by 10%, the price of ETHS rises by 1%.

Conversely, if the ETH price drops by 10%, the price of ETHS drops by 1%. This mechanism ensures that ETHS remains a low-volatility asset.

ETHC absorbs most of the volatility in ETH. This means that when the price of ETH fluctuates, the price of ETHC changes more drastically.

The Mori Protocol allows users to manage their risk exposure by offering two types of assets with different volatility profiles.

The price of these assets is dynamically adjusted based on the price of ETH and the quantities of ETH, ETHS, and ETHC within the protocol.

4️⃣ Risk Management

The Mori Protocol implements a Collateral Rate (CR) system to manage risk and maintain balance within the protocol.

The CR is defined as the ratio of the value of ETHS to the value of ETH in the system, expressed as a percentage.

The protocol has established different risk management strategies based on the CR value.

These strategies are designed to prevent ETHS from absorbing more than 10% of the ETH value fluctuation, which could lead to greater volatility in ETHC and destabilize the system.

They are designed to restore market balance when the CR value is too low.

They involve adjusting fees and incentives to encourage certain actions that will help stabilize the system.

For instance, when the CR is less than 130%, the system discourages the minting of ETHS and encourages the minting of ETHC.

This helps to balance the proportion of ETHS and ETHC in the system, thereby managing the risk and maintaining stability.

5️⃣ Conclusion

As we wrap up our deep dive into $MORI , it's clear that this is a project to watch. With plans to launch on L2 and add extra LSDs for minting, the protocol is set to increase the diversity and scalability.

The protocol has solid revenue generation sources, such as fees from minting and redeeming ETHS and ETHC, as well as an annual service fee on reserved ETH.

Keeping an eye on their progress is a wise move, and you can bet that I will.

MORI FINANCE ---> LSD, next-gen stable asset - $MORI for chads

@Moomsxxx
@0xFinish
@0xTindorr
@Defi0xJeff
@WinterSoldierxz
@belizardd
@monosarin
@matrixthesun
@Only1temmy
@nobrainflip
@Louround_
@poopmandefi
@splinter0n
@0xSalazar

MORI FINANCE ---> LSD, next-gen stable asset - $MORI for chads

@ChillTRD
@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@Slappjakke
@stacy_muur
@jake_pahor
@DeFi_Finest
@thelearningpill
@DeFi_Taha
@DegenCamp
@DeFiMinty
@arndxt_xo
@TheFlipperDAO

Introducing the Mori Protocol: Tailor Your Risk Profile in Ethereum

Tired of the lackluster 10% APR on your $GLP exposure?

Get ready for an exciting alternative, my friends.

Introducing @archi_fi, a leverage yield farming protocol built on top of $GMX.

Here's how it works 🧵

$ARCHI

In this thread I will cover;

1️⃣ What is $ARCHI ?
2️⃣ Working Mechanism
3️⃣ Passive Liquidity Providers
4️⃣ Degen Farmers
5️⃣ Tokenomics
6️⃣ Conclusion

1️⃣ What is $ARCHI?

Archi Fi is a two-sided yield farming marketplace. Borrowers can leverage their $GLP exposure by utilizing lenders' liquidity, and earn up to 50% APR.

At the same time, lenders earn a share of the interest earnings generated from borrowers' GLP yield.

Even if the $GLP APR has been steadily decreasing for the past few months, the $GLP supply has remained stable for the last 6 months.

This means that there is a huge potential in terms of liquidity to capitalize on.

2️⃣ Working Mechanism

Lenders provide liquidity to pools, including $ETH, $BTC, $USDC, and $USDT, in order to earn passive yields.

Borrowers who aim to increase their exposure on their $GLP can leverage their position up to 10x with their initial collateral.

3️⃣ Passive Liquidity Providers

LPs supply liquidity to isolated pools with a single asset.

Degen farmers require capital to leverage their positions, so LPs are incentivized with an interest share of the $GLP yield.

The yield for LPs depends on the following factors:

☑️ $GLP APR
☑️ Utilization Rate of the pool
☑️ Percentage of interest share, which can be modified by Archi DAO

4️⃣ Degen Farmers

Users can capitalize on two different delta-hedged strategies:

✅ 50:50 Strategy: Borrowed assets consist of 50% stable coin and 50% unstable coin, which you can choose.

✅ GMX Strategy: The ratio of borrowed assets is the same as GLP.

To ensure the safety of the protocol, Archi has developed a liquidation bot to incentivize liquidators.

5% of the principal is deducted for liquidation insurance upon opening a position. Liquidation is triggered when the health factor of the position drops below 40%.

5️⃣ Tokenomics

• Lock $ARCHI for $vlARCHI tokens, users receive:

  ☑️Share of protocol fees
  ☑️Governance rights on Archi DAO

The unlocking of $Archi tokens will occur gradually over a period of 16 weeks, and during this time, no additional earnings will be accumulated.

6️⃣ Conclusion

@archi_fi has a working product with exciting upcoming catalysts, including their V2 version and integration with other perpetual DEX LP pools such as $muxLP and $LLPs.

By carefully balancing the interests of lenders and borrowers, and implementing strategies to incentivize lenders,

They aim to create a powerful flywheel effect that propels their platform forward. I'll be watching closely.

ARCHI FINANCE ---> Leverage yield farming - $ARCHI for chads

@Moomsxxx
@0xFinish
@0xTindorr
@Defi0xJeff
@WinterSoldierxz
@belizardd
@monosarin
@matrixthesun
@Only1temmy
@nobrainflip
@Louround_
@poopmandefi
@splinter0n
@0xSalazar

ARCHI FINANCE ---> Leverage yield farming - $ARCHI for chads

@ChillTRD
@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@Slappjakke
@stacy_muur
@jake_pahor
@DeFi_Finest
@thelearningpill
@DeFi_Taha
@DegenCamp
@DeFiMinty
@arndxt_xo
@TheFlipperDAO

Introducing Archi Fi: A Game-Changing Yield Farming Protocol

You have a choice: you can either dwell on how the market treats you and be miserable, or you can redirect your energy into learning more.

The war on LSDfi is in full swing, and the introduction of LSD stablecoins is intensifying the situation.

Find out more about the  @raft_fi

In this thread I will cover;

1️⃣ What is $R?
2️⃣ Working Mechanism
3️⃣ The Peg
4️⃣ $R Statistics and Catalysts
5️⃣ Team
6️⃣ Security
7️⃣ Conclusion

1️⃣ What is $R?

Raft is a a LSD-backed CDP stablecoin protocol.

Its main objective is to offer capital efficiency and address the challenges faced by traditional lending platforms when it comes to leveraging $stETH with a simplified one-step leverage process.

2️⃣ Working Mechanism:

Users can deposit $stETH as collateral to borrow $R, with a minimum  CR of 120%.

With the protocol's flash mint utility, users can easily leverage their position with just one click, allowing them to borrow up to 11 times their deposited amount.

Thanks to Flash Mint, borrowers can now eliminate the time-consuming steps of leveraging and extra gas fees.

It's important to note that the minimum amount that can be borrowed is $3000 R, which is a much lower barrier to entry compared to its competitors.

3️⃣ How does it restore the peg?

Raft aims to maintain its peg through hard and soft pegs.

☑️ Hard Peg: If $R > 1.20, users mint R with a worth of 1.20 and sell it for profit.

If $R < 1.20, users buy R from the open market and redeem it for $1, driving the price back to $1.

☑️ Soft Peg: Provides investors with confidence that deviations from the peg are temporary. This encourages stakeholders to act on their interests.

4️⃣ $R Statistics and Catalysts

Despite the current market turmoil, the market share of Raft has reached 10% over the past 9 days, all without a bootstrapping mechanism.

In the LSD-backed stablecoin market, its current share stands at 23%.

At present, 26M $R is being utilized by 46M $wsETH, with a collateralization ratio of 176%.

The governance forum of Raft recently proposed new collateral assets to enhance user expansion in the LSDfi market.

If this proposal passes, it could be a positive step towards risk diversification and increased utilization of $R.

Here are some additional yield opportunities:

- Holders of $R can historically earn a 19% APR on the 50R-50wsETH pool on Balancer ---> TVL: $2.5M.

- The R-DAI pool on Balancer offers a 12% APR ---> TVL: $34M.

5️⃣ Team

The capabilities of the team are crucial in shaping the success of the project.

Raft consists of 22 highly talented individuals who have previously worked at reputable companies such as Microsoft, Morgan Stanley, Polygon Hermez, and more.

With a bullet-focused team and support from quality VCs like Wintermute and Jump, Raft is well-positioned to contribute to the long-term goals of the protocol.

6️⃣ Security

Security is of utmost importance in a blockchain project. Audits play a significant role in ensuring the platform's security and reliability.

On May 15, Raft underwent an audit conducted by Trail of Bits. The audit did not uncover any significant flaws in the dapp.

7️⃣ Conclusion

LSDfi has emerged as one of the most significant niches in this industry, attracting substantial capital. Projects that offer genuine products are likely to continue attracting a growing user base over time.

@raft_fi truly stands out with its exceptional UI/UX, unwavering commitment to transparency and decentralization, and team members who possess extensive knowledge in their respective fields.

Rest assured, I will be watching closely.

Raft Finance ---> LSD-backed stablecoin $R

@Moomsxxx
@0xFinish
@0xTindorr
@Defi0xJeff
@WinterSoldierxz
@belizardd
@monosarin
@matrixthesun
@Only1temmy
@nobrainflip
@Louround_
@poopmandefi
@splinter0n
@0xSalazar

Raft Finance ---> LSD-backed stablecoin $R

@ChillTRD
@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@Slappjakke
@stacy_muur
@jake_pahor
@DeFi_Finest
@thelearningpill
@DeFi_Taha
@DegenCamp
@DeFiMinty
@arndxt_xo
@TheFlipperDAO

The Rise of LSD Stablecoins: Exploring Raft Protocol

The world of perp DEXs is saturated, but there are still opportunities for savvy investors.

@FluoFinance is breaking the mold with its new Omnichain Liquidity-as-a-Service protocol.

Here's how it's changing the status quo and what it means for investors :

🧵

$FLUO $LVL $GMX

In this thread I will cover;

1️⃣ What is Fluo?
2️⃣ Working Mechanism
3️⃣ Chicken-Egg P/S
4️⃣ Products
5️⃣ Tokenomics
6️⃣ Conclusion

👉1️⃣ What is Fluo?

The perpetual dex market has matured and saturated. To survive, new perps must target new segments or introduce radical innovations.

For existing projects, they should introduce incremental innovations regularly to avoid losing market share.

Fluo's value proposition is clear and concise: They offer Liquidity as a Service (LaaS) for perp DEXs with a bribing mechanism to make them more cost-effective and attractive.

For projects ---> This leads to sticky liquidity, which in turn increases user retention.

For LPs ---> It allows for smart management and optimization of funds, resulting in better ROI.

👉2️⃣ Working Mechanism

Users can deposit $USDC to receive $FLP, which is a counterparty token for all trades on partner pools such as $GLP, $VLP, $gDAI

Fluo AMM then deposits these tokens into specific partner pools to accrue real yield.

Perpetual DEXs can bribe $veFLUO holders for gauge voting on their vaults.

Incentives can be given to LPs that bond to attract sticky liquidity.

👉3️⃣ Chicken-Egg P/S

Here's a dilemma: Fluo Finance needs to attract both sides of a two-sided marketplace - perp DEXs and LPs.

Here's how they're addressing the issue:

☑️ Incentivizing DEXs with capital efficiency, cost-effective capital retention, and bribes.

☑️ Incentivizing LPs with bribe returns, real yields, and auto-compounding features.

👉 4️⃣ Products

Fluo's liquidity management services are expanding beyond oracle-based perpetual DEXs to include CLMMs and CLOBs.

Their first partnership is with @demexchange.

5️⃣ Tokenomics

Fluo will use a 3-token system where:

✅ $esFLUO: Incentive for LPs, with a 12-month vesting period to convert $FLUO. It can be earned by staking $stFLUO and $esFLUO.

✅ $stFLUO: LSD token of $FLUO, share of trading fees on vaults distributed to it, 14-day unstaking period.

✅ $veFLUO: classic veTokenomics - up to 4 years lock, used for reward boosting, voting, and receiving bribes.

This project will not have any private sales or VC deals. Instead, a launchpad partner will conduct a public sale.

During the sale, 80% of the allocation will be distributed as $FLUO, and the remaining 20% will be distributed as $stFLUO.

6️⃣ Conclusion

Fluo fundamentally serves as a bribing platform for perp DEXs, offering a suite of both passive and active strategies for managing liquidity.

It strategically penetrates various segments of the ecosystem to enhance its overall utility.

In this ecosystem, there is a pressing need to facilitate market-making activities in a more decentralized manner

Fluo emerges as a potential solution, perfectly poised to cater to this requirement and bolster the functionality of the ecosystem

Narratives: Omnichain, PerpD , RY

Tagging chads who might be interested - $FLUO

@Moomsxxx
@0xFinish
@0xTindorr
@0xShinChannn
@WinterSoldierxz
@CryptoKoryo
@monosarin
@matrixthesun
@Only1temmy
@korpi87
@Louround_
@2lambro
@splinter0n
@0xSalazar

Tagging chads who might be interested - $FLUO

@ChillTRD
@rektdiomedes
@crypto_linn
@CryptoShiro_
@DAdvisoor
@Slappjakke
@crypthoem
@jake_pahor
@LouisCrypto
@thelearningpill
@DeFi_Taha
@DegenCamp
@DeFiMinty
@arndxt_xo
@TheFlipperDAO

FluoFinance and the Perpetual DEX Market

As LSDfi summer approaches, being an early investor on projects could yield significant returns, just like it did with $LBR.

After conducting some research, I've identified 9 exciting projects in this burgeoning niche.

Let's dive in 🧵

Before diving deep into these promising projects, I highly recommend reading the following tweet.

It provides a better understanding of LSD and its respective categories. Kudos to @Defi0xJeff for creating it!

https://twitter.com/Defi0xJeff/status/1659859171683213312

1/ @SenecaUSD I $SEN , $senUSD

It enables users to collateralize LSD assets to borrow senUSD, loop borrowing. Users are able to borrow against some LPs as well

☑️ Category: LSD-backed stablecoin, isolated lending market for LSDs.

☑️ Goal: Unlocking the yield-bearing assets on the LSD ecosystem and increasing capital efficiency.

☑️ Tokenomics: 13% for presale and public sale. Keep an eye out for being early.

☑️ Narrative: Omnichain.

2/ @parallaxfin I $PLX

Composable yield strategies for a wider target audience with its four pillar products on Arbitrum and zkSync.

☑️ Category: Yield Infrastructure for DeFi.

☑️ Goal: Incentivizing individuals, DAOs, and strategists to maximize yields and create a flywheel economy for LSDs.

☑️ Tokenomics: The IDO will be in June. FDV will be 20M at launch, and WL can be acquired by participating in Discord activities.

☑️ Narrative: Untapped market

3/ @raft_fi I $R

Allowing investors to leverage their $stETH up to 11x ( with 1 click ), targeting Aave and MakerDAO's $stETH with increased capital efficiency.

☑️ Category: LSD-backed stablecoin.

☑️ Goal: Creating the most capital-efficient flywheel for $stETH.

☑️ Tokenomics: To be announced, but there will be a governance token.

☑️ Narrative: Supported by reputable VCs in the ecosystem.

4/ @PrismaFi I $acUSD

Basically, an enhanced Liquity Protocol for LSDfi. Users will be able to mint acUSD with various LSDs (wst-cb-r-sfrx-wbETH).

$acUSD will be incentivized on Curve for a more capital-efficient flywheel mechanism.

☑️ Category: LSD-backed stablecoin.

☑️ Goal: Getting the best out of LSDs without tail risk from other stablecoins, being the end game for LSDs.

☑️ Tokenomics: veTokenomics will be used.

☑️ Narrative: Backed by Curve, Convex, and Frax.

5/ @LSDxfinance I $LSD $UM

It provides a basket of staked LSDs with its ETHx product and a stablecoin $UM that is backed by excess ETHx

☑️ Category: LSD backed stablecoin - Farming

☑️ Goal: Allowing users to swap across various LSD LPs with low slippage, increasing capital efficiency with its $UM stablecoin.

☑️ Tokenomics: veTokenomics, 45% of the supply is dedicated to emissions. $900K MCAP / $10M FDV.

☑️ Narrative: v2 is on the way.

6/ @tenet_org I $TENET , $LSDc

A Layer 1 chain that is supported by LSD assets through DPoS. LSDc is a stablecoin that is backed by LSD assets.

☑️ Category: Layer 1 chain dedicated to LSDs.

☑️ Goal: Lowering the barrier to entry for soon-to-be investors and providing a revolutionary experience and security that is solely focused on LSDs.

☑️ Tokenomics: vetokenomics, 23M MCAP

☑️ Narrative: AI integrations to its products, aiming for new DeFi primitives on LSDs.

7/ @TapioFinance I $tapETH

Users will be able to mint $tapETH with their LSD LPs such as stETH-ETH, rETH-ETH, cbETH-ETH and still earn the underlying yield thus unlocking the more utility with their LPs

☑️ Category: LSD LP stablecoin that is pegged to ETH

☑️ Goal: Minimizing the long-tail product expansion on LSDfi with a utility-based LP token $tapETH.

☑️ Tokenomics: veTokenomics.

☑️ Narrative: Expansion to Layer 2s.

8/ @gravitaprotocol I $GRAI

Users can mint GRAI with wsETH, rETH with a 85% LTV interest free loan, borrow and loop

☑️ Category: Borrowing protocol for LSDfi and LSD-backed stablecoin

☑️ Goal: Creating a positive feedback loop with $bLUSD and becoming the borrowing hub for LSDfi.

☑️ Tokenomics: TBA. the stability pool might be a good idea for farming the airdrop.