
𝟏𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐨𝐥𝐥𝐚𝐫𝐬 𝐢𝐧 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐬 𝐧𝐨 𝐬𝐦𝐚𝐥𝐥 𝐟𝐞𝐚𝐭

@vertex_protocol has slowly but steadily been improving on the features of their Hybrid order book AMM-DEX

The $VRTX LBA is live
app.vertexprotocol.com/vrtx

 All you need to know



This thread will cover:

- WTF is a VRTX LBA?
- Participation details
- The VRTX Auction design
- Why you should participate
- Auction parameters
- Key lockup and vesting schedules

Let’s get into it.



WTF is the VRTX LBA?

The goal of the VRTX LBA is to set a fair price for the token in seeding the starting VRTX liquidity to the markets.

The Liquidity bootstrapping Auction is the method by which Vertex hopes to achieve this.


The LBA will be a 7-day auction that concludes with the eventual $VRTX token launch

Three things make an LBA distinct from the usual LBP method:

- Elongated price discovery period utilizing a specific price curve.
- 2 Pool → 1 Pool model.
- LP token vesting and incentives.


This method allows anyone to participate, earn the VRTX tokens and receive rewards as well.

Let’s go into the details of participation shall we?

👇🏽

Participation details

- The LBA will start on the 13th of Nov up until the 20th of Nov from 13:00 UTC - 13:00 UTC

The LBA will occur in stages:

• Stage 1: The 7-Day Auction
• Stage 2: VRTX Token Launch & Liquid Claiming
• Stage 3: Post-LBA Vesting & VRTX Tokenomics


Auction Design

In stage 1, there will be two single-sided pools: A USDC.e pool and a VRTX pool

To participate, you’ll have to provide liquidity to either pools

After day 7, the final price at launch will be determined after both pools have been fused together.

Who can participate in the LBA:

The answer is anyone. However, only those who interacted (traded) on Vertex before the LBA, are eligible to supply VRTX to pool 2.

The VRTX will be distributed as a reward to these users on the first day of the LBA.


Post-LBA vesting schedule :

It’s important to note that deploying liquidity to either pool 1 or 2 will end in your LP being locked up and vested.

1/3rd of the LP liquidity from the auction will unlock  60 days after the LBA


The remaining LP will be unlocked 120 days after the end of the LBA

But that’s not all:

- After the LP is fully unlocked, those who choose to not withdraw it will continue to earn dual rewards

- However, those who withdraw the vested LO capital will stop earning

For more details on the LBA feel free to read the article published by Vertex on it.

https://twitter.com/vertex_protocol/status/1719349409413283965

Also, do your due diligence before choosing to participate.


You can read the unrolled version of this thread here: https://typefully.com/jediblocmates/0JaDQxJ

The VRTX LBA: A Deep Dive

OK! DeFi's credit market is not gonna survive without guys like IPOR, it's as simple as that.🤷🏼‍♂️

In the V1 of the protocol, the team focused on the MVP - Credit market fundamentals. V2 of @ipor_io Just launched!

Wanna find out what it brings & why it's so important?


In this thread, we will look into:

-  A brief revisit of v1
- Zap-in into IPOR v2
- stETH yield boosting
- 90d DeFi interests rate swaps
- Architecture for Growth
- Structured products & Bonus feature
- Upcoming IPOR products

Let's get into it


1/ A brief revisit of V1

One main takeaway from V1 products:  The IPOR Index; Interest rate swaps; IPOR AMM; and the Asset manager, is that great products in DeFi can be somewhat complex.

Especially when the goal is to create a structure that attracts Tradfi's interest.



2/ The solution to this would be simplifying the underlying tech to become usable by a larger audience.

In simple terms, if a Tradfi bro can understand it, then that's less work for a 'Brypto' bro

 A look into the improvements, shall we?



3/ Zap-in into v2

V2 of the IPOR dApp comes with a better user interface that bumps up the general usability of the protocol.

It’s now easier to choose the APR that matches your appetite and Zap into it with a few clicks.



4/ stETH Yield boosting

V1 of IPOR allowed users to deploy their Stablecoins and earn reasonable yields on them (some of the best stablecoin yields in DeFi)

V2 opens the door to a plethora of other yield-seeking folks through stETH deposits

5/ Users with ETH, WETH, or stETH can now deposit into the stETH LPs.

What they’ll earn:

- Lido staking yield +
- pwIPOR LM rewards

stETH positions can also earn boosts by delegating pwIPOR to their positions just like it was tenable for stablecoin deposits in v1



6/ 90d DeFi interest rate swaps

Another addition to v2 is that it offers longer terms structure and improved LP risk management.

This is achieved through the removal of optionality and allowing close with an offsetting swap.

Interestingly, this might improve beyond 3months


7/ Architecture for Growth

In terms of architecture, IPOR v2 simplifies the protocol through:

- A diamond proxy to route users through the entire Protocol with a single approval.

- Updated pausing mechanism, accepting a list of method signatures executed only on the router


8/ As well as;

- Running “onBehalfof” functions

In v1, users could only run functions on their own behalf.

With the update, middleman solutions are now possible allowing for zapping, batching, and multi-call contracts or asset managers.

9/ For the derivative engine, three changes were made:

✦Extension of swap tenors up to 3 months

✦Removal of optionality from swaps (compression of spreads by AMM) and additional demand pricing;

✦Introduction of a risk oracle.


10/ Upcoming Products:

More products are yet to come as v2 will have more iterations in the coming weeks and months.

Some of these upcoming features are:

 • The IPOR Stake Rate Swaps enable users to fix their ETH staking rate.


11/ • RWA bridge tapping into yield-bearing positions to capture the top yields from either DeFi or RWA.

• Liquid Fixed Rates help users borrow from the deepest liquidity at the best-fixed rates on the market.



12/ And finally,

• LP Leverage that enables IPOR LPs to loop-borrow against their liquidity positions leveraging up.

All these are exciting and would be worth the wait.

13/ Lastly, IPOR with the v2 upgrades will be the base for structured products in DeFi.

How? 👇🏽

It'll be able to combine Deep Liquidity + Capital Efficient Swaps to offer the best-fixed rates on the market.

An example of a protocol that can leverage IPOR is @MorphoLabs


14/ Concluding thoughts:

V2 exposes IPOR to mainstream DeFi participants, as well as Tradfi seeking to leverage DeFi.

Also, v2 opens the door for protocols to tap deep liquidity, take advantage of capital-efficient swaps, and opens the door for new assets.

15/ IPOR V2 ushers the protocol into a new phase: A decentralized marketplace that serves as the Credit Hub of DeFi. Connecting market liquidity and offering the best interest rates

However, it is important to understand how it works before jumping on it.

Kindly DYOR as well.

You can read the unrolled version of this thread here: https://typefully.com/jediblocmates/TweaTve

The Importance of IPOR in DeFi's Credit Market

@LybraFinanceLSD V2 here, it is MIGRATION time.

To enjoy v2, you have to move over from v1 buddy.

This thread will highlight how to do just that, migrating the following:

- LBR tokens
- eUSD
- LP

If you hold any of these, check below for how to migrate: 👇🏽



This thread will cover the following:

> How to migrate LBR from v1 to v2
> How to migrate eUSD from v1 to v2
> How to migrate your LP from v1 to v2
> How to apply for CR Guardian, Redemption Provider, or Liquidation Provider
> Rewards for early migration

Let's get into it.


How to Migrate LBR

For those who hold LBR on OKX, there's no need to migrate.

If not, do this:

- Go to the Lybra Finance website http://lybra.finance/ and click “Launch App” in the top-right-hand corner:

- Click “Connect Wallet” in the top-right-hand corner


- Proceed to click on the “Approve To Migrate” button

- Within your wallet, you will then be asked to set a Spending Cap. Select “Max” and then click “Next”. You will then be asked to review your Spending Cap.

- Press “Approve”


- Once you have done this, a new button will appear in the top-right-hand corner of the V2 app, saying “Migrate”. Click on this button:

- After following all of these steps, your LBR will have been successfully migrated from Lybra V1 to V2.

How to migrate eUSD from v1 to v2

It is important to note that you can always migrate your eUSD at any time.

- Go to Lybra V1 http://v1.lybra.finance/ and unstake your eUSD/USDC LP:

- Remove your eUSD/USDC LP on Curve

- Repay your eUSD loan on Lybra V1:



- Withdraw your collateral assets on Lybra V1 and close your position

- Launch the Lybra V2 app (you can do this by heading over to the Lybra Finance homepage http://lybra.finance/ and clicking “Launch App”).

- Mint your V2 eUSD on the Lybra V2 app.

How To Migrate LP From Lybra V1 to Lybra V2

- Go to Lybra V1 http://v1.lybra.finance/ and unstake your LP.

- Remove your LBR/ETH LP on Uniswap V2 AND/OR remove your eUSD/USDC LP on Curve, as appropriate.

And that's it.

Concerning the esLBR migration, Lybra has this automated so you would not need to go through a process similar to the aforementioned migrations.

 Lastly,


How to apply for CR Guardian, Redemption Provider, or Liquidation Provider

The application process is similar to that of V1, nothing changes.

Head to the Lybra Finance homepage and sign up.

Rewards for early migration/deadlines:

LBR migration will end by September 30th, however, eUSD migrations have no deadline.


In terms of rewards, users who migrate from V1 to V2 or sign up to V2 for the first time within 7 days of the V2 mining program starting will receive 1.5x emissions compared to base V2 emissions if participating in mining activities.

Enjoy the new improved Lybra.



Migration Guide for @LybraFinanceLSD V2

Who would you Pick as a "Worthy Challenger" to Lido's LSD dominance.

Consider that Lido's TVL is ~ $15B.

Today's thread looks at @swellnetworkio in the LSD scene.

Swell's approach is different and exciting -- A challenger maybe?

Let's find out 👇🏽


In this thread, we will look at

> The issues with Lido's dominance
> A worthy challenger, Swell
> Swell's achievements
> Dethroning Lido and Rocketpool
> Security Simplicity, Profitability
> LSDfi
> What to expect
> Thoughts




If you've ever strolled to @DefiLlama to check the pie chart for LSD protocols, you would know that the chart is the textbook definition of a monopoly.

Lido alongside its LST, stETH, occupies a more significant share of the LSD market.

https://defillama.com/lsd

For a number of reasons, this is a ticking bomb. E.g:

- The Cartel :)
- MEV Abuse
- Censorship

Are all rational fears concerning Lido's monopoly on ETH staking.

A worthy challenger, Swell.

For Swell to compete with Lido, one thing is very important

--> It has to offer more yields.

Thankfully, Swell is focused on both simplicity and profitability
And offers better yields than Lido.

Swell launched in April and is one of the fastest-growing protocols in terms of TVL.

In the first week of August, Swell's TVL grew from $58m to $75m and has been on the rise ever since

What are the Devs doing right? Because they are clearly doing something.


In terms of growth, Swell is the third fastest-growing LSD protocol, overtaking frxETH

And with the ongoing "The Voyage" Campaign, we can expect Swell to continue in this trajectory.

The voyage campaign allows a hunt for "Pearls",

https://app.swellnetwork.io/voyage

I've been collecting pearls, have you?

You collect pearls by holding swETH and LPing eligible pools. More volume = More pearls and there are legit no minimum requirements.

Swell's also been integrating with other protocols

E.g: swETH-ETH pool on Maverick with ~ $19m TVL.

Beyond integrations, some major UI updates have been implemented.

Remember that the focus is on simplicity and profitability

Nonetheless, despite all of these, there is a need to look at the chances Swell has in dethroning Lido and Rocketpool.

In order for Swell to perform significantly better than these two forerunners mentioned,

Swell would need to be better at the variables that constitute the success of both Lido and Rocketpool

And not to forget that the TVL also matters.

Three things come to mind beyond the first mover advantage for Lido and Rocket, and they are:

- Security
- Ease of use
- Profitability

Doing better at these will surely see an influx of ETH into Swell.

Security

Similar risks exist in all 3 protocols (Lido, Rocket, and Swell), including the everpresent smart contract risk

Steps like audits and bug bounties help minimize this risk

Swell stand out with an audit from Ethereum Foundation's Sigma prime, ensuring top security.


Still on security, Penalties and slashing are shared risks. Missed attestations or malpractice leads to ETH loss

Swell, in this case, wisely goes for trusted node operators to reduce this risk.

Additionally, they have insurance coverage for unforeseen scenarios. Sweet!

Now, let's look at "Ease of use"

All 3 protocols offer sleek UI and a good user experience. But Swell goes beyond with direct on-ramping, allowing seamless access via:

- credit/debit cards
- bank wire
 -cashapp
- google pay or apple pay

It's genius!

Swell also simplifies the onboarding process, avoiding complex steps like KYC, multiple transfers, and wallet setups'

It's integrated with Transak ensuring a seamless user experience.

In-house vaults are in the works bringing even more simplicity and yield opportunities.

Lastly, Profitability:

Swell enhances user earnings/yields with liquidity mining partner integrations, offering higher yields than elsewhere.

Beyond the regular 3-5% APR by the trio, Swell's ongoing incentive allows users to get boosted swETH + $SWELL currently at 34.5%


Swell also plans for sustainability in two ways;

- Waived fees will cease to exist and 10% will be charged moving forward

- Swell allows you to boycott taxes levied on the rebase system of accruing ETH used by Lido and Rocket.

You get the same % but boycott taxes.

LSDfi:

Born from the success of LSD protocols, LSDfi is a multi-tiered ecosystem with base LSD providers like the Trio (Lido, Rocket, Swell etc)

LSDs create higher yields, diversification, and optimization.

Swell's taking advantage of the LSDfi momentum. How?

LSDfi protocols are getting massive TVL with protocols like Asymmetry and UnshETH leading the onslaught.

Swell integrates with protocols like Gravita, and has hinted at a Lyra partnership as well.

The more LSDfi integrations for swETH, the more Swell grows rapidly.


What to expect:


- Permissionless nodes
- More yield opportunities
- CDP integrations
- Other protocol integrations



Thoughts:

Lido remains a big player, no doubt. However, Swell gradually meets all the requirements of a serious contender and should not be underrated.

The Swell team remains committed to innovation and is on top of its game.

Go DYOR and would love to hear your thoughts.



Challenging Lido's Dominance: Swell Network's Approach

Ever heard of the term "Bumper your ETH"?

If YES, then you are a step ahead in this crypto thing.
However, if NO, then grab a cuppa, grab a seat, and read through this thread.

Perhaps, you will discover how you can protect your assets from downside volatility.

Dive in 🏄🏻‍♂️


This thread will cover :

- An intro to @bumperfinance
- The problem
- Bumpering your asset - The solution
- User dynamics
- Simulation report
- Bumper v1
- Our thoughts

The problem:

Trading crypto assets is not an infinite money glitch, so price movement is not up only.

On a CEX, you'll reckon that the smart thing to do is set a stop loss..but what happens when that is not triggered?

Or when it triggers, albeit, the price says; Gotcha!

... and moves in the opposite direction.

You miss the pump even though you had a near-accurate analysis of price action, as well as loss from the fees charged.

And don't get me started on existing DEXs either.

What then, is the solution?

The solution

Simple! Bumper your crypto asset.

huh? What's that?

Picture bumpering your crypto asset like you are setting a stop loss, this time, without the nuances.
I'll explain.

The act of Bumpering your assets is pioneered by @bumperfinance; a protocol that introduces a novel approach to risk management for those interested in hedging against losses, combining Stop loss and Put options

Two key users play a role:
- The protection seeker
- The earner

The protection seeker - A user who wants to protect their assets from price drops

The earner -  clever folks who make sure price protection works like magic, in turn, they get to earn yields!

How does it work though?

Bumper’s solution helps users protect the value of their assets like ETH and wrapped Bitcoin (wBTC) by holding deposits of a volatile token for a certain period.

These deposits are pooled and generate a regular premium.

Imagine it as joining an "insurance pool" for your crypto assets. This way, you shield their value from potential losses caused by wild price swings.

Picture the US dollar tied to gold before 1970 and you’d have a pretty good idea of how this works

Protection seekers contribute to the pool and can claim compensation in stable tokens if the asset value falls below their chosen floor price, all while retaining their original asset in the system.

They receive a synthetic asset once they deposit.

Deposits ETH receives "buETH" that's shielded from downside volatility and can be used in other protocols.

The deposited asset remains locked in Bumper for the chosen term.

At term end, two outcomes emerge: asset >= floor = keep asset, asset < floor = receive stablecoin.

It's a win-win for protection seekers! No loss situation! 🤝

Advantages abound for DeFi enthusiasts. With bETH, you can explore protocols while being protected from lows.

Capital efficiency and reduced Impermanent Loss make LPing more exciting in Bumpered asset pairs.

Earners, you're in for a treat too!

>Provide stablecoin to profit from negative price changes of supported crypto.

>Earn premiums from protection-seeking users when they close their position.

Renew or close positions, claim protection, and withdraw ETH/USDC from the pool.

Simulation report:

Protocols in the bear market often neglect the R&D phase, but not Bumper!

Stress-testing is crucial for innovation, and Bumper takes it seriously.

They simulated historical price action and various market scenarios to ensure efficiency and solvency.


The simulation acted as a 'crash test' for Bumper, validating its effectiveness.

On the Protection side, it proved highly price efficient, while Earn side users enjoyed better yields.

Bumper remained solvent in all situations.
Robustness is key in crypto!

Bumper Protocol's brilliance shines in benchmark pricing! 🌟

Compared to traditional Put options, Bumpered positions paid lower premia.

It's an economic win for users, proving Bumper's effectiveness in dynamic environments.

Bumper V1 is rumoured to be coming soon (August?) and the codebase is undergoing smart contract audit at this very moment.

While this sounds quite exciting and fresh, as always, DYOR


Bumper Your ETH: Protecting Assets from Volatility

First came the LSDfi wars with a scramble to attract the:

-most liquidity
-most trading volume
- and be paired with the most assets

Now, Lybra v2 brings to our doorstep, a new WAR ⚠️

Wanna find out what the “Lybra wars” would look like, tap in👇🏽

 In this thread, we will cover:

-Lybra v2 Vaults and pools
-New governance model
-How the wars would work
-Bribing process
-Summary

Let’s dig in:


V2 testnet has been live for a while and Mainnet seems close.

The focus today is how v2 enables a fight for incentives.

To understand the “How” we must grasp how the vaults and pools work.


One thing is certain.

Lybra v2 will come with a lot of LST pools, significantly more than v1.

What this means, is flexibility in terms of LST collaterals to mint eUSD (interest-bearing stablecoin with 8% APY)



The vaults will be divided into two:

-Rebase Vault
-Non-Rebase vaults

Each vault will have a separate pool for individual assets.

 e/g. Distinct pools for stETH, WBETH, rETH, swET,H and other LSTs

New Governance model:

Now that we’ve established how the vaults and pools are distributed, we examine how the governance would function.

V2 gives Lybra’s governance tokens more power or control or whatever you name it.

You see… 👀

esLBR holders now have a say in the direction of the protocol and this includes the treasury 🔑

esLBR will be used to vote on LST pools such that it determines:

-Accepting an LST
-Mint limit
-Emissions allocation to LST pools

Not to shabby!

Of course, to participate in such votes you and I have to hold esLBR, in which case our holdings are proportional to the amount of votes, or not.

Not because you can vote with your $LBR as well!

How?

The protocol automatically converts LBR to esLBR to enable them with the voting power

Voting powers =

Quantity of esLBR
Length of Time in which it’s been locked

Now that we know this, how would the wars work?

esLBR holders will be able to vote on quite a few things but what’s important is voting on the direction of emissions .0

This opens the door for bribes, potentially creating a scenario where individual LST pools will incentivize holders to vote in favour of their pools.

The bribes will most likely be in the form of token rewards to esLBR holders.

Holders' incentives match their voting power in support.

Higher esLBR votes boost pool weight, leading to escalated emissions.

Boosted esLBR emission attracts more deposits to the pool.

A cycle of growth fueled by aligned incentives!

This is reminiscent of the curve wars and sounds exciting for esLBR and LBR holders.

Summary:

Amongst other significant changes coming in v2, Lybra is indeed protecting the interest of long-term supporters with an incentivized war and bribery mechanism.

In anticipation, you can start locking your LBR tokens to accumulate voting weight😉

Get on it!

The Lybra Wars: Exploring V2 Vaults and Pools

If you think @solana is a wasteland, skip this...

But,

If you agree with Vitalik's position on the American chain, then check this thread for details on one of the frontrunners of Solana's new epoch:

@HxroNetwork

Dive in 🏄🏻‍♂️


If you are looking for projects that thrive in this space from the shills of your favorite threadoors, then you are sniffing at the wrong place

If you pay attention to detail, you will discover that the projects that do well all have one thing in common.

wanna find out?
👇

Good projects always have one thing in common: "An Ecosystem of products built around them:

Examples:

Curve - Convex, The llamas, Frax, Redacted Cartel

GMX - So many GMX forks and GLP products

Uniswap - @0xOrangeFinance , Arrakis, Panoptic etc

And HXRO? What about it?
👇

Like these projects mentioned above, the HXRO network is rapidly building and onboarding projects at a rapid rate.

Hxro's core primitives, Dexterity and Spandex, empower builders to leverage their underlying architecture for maximum advantage...💪⚡️

From perps and expiring futures to options and bonds.

The net positive for $HXRO holders is that;

- Network revenue share,
- Fee capture,
- HXRO buyback and max-locks

all increase with the more products that are built using their tech.

It gets more interesting as projects will likely begin to fight to get the lion's share of the network's revenue by staking their HXRO treasuries

Yea! Pretty much like the curve wars type of stuff.

Some of the exciting projects onboard HXRO are : 👇

- @ThePepperDEX
- @FlowmaticXYZ
- @IconicMarkets
- @BONKorBUST and

- @YoloNoloBot - a discord bot built on a parimutuel protocol and generating fees that go $HXRO stakers...likeevery other Dapp on HXRO network

As more protocols build on the HXRO network, the more value for HXRO stakers. Exciting right?

The question, however, is how are projects incentivized to build on top of HXRO?

The reason: 👇

Hxro boasts a cohesive liquidity layer throughout its DApps, eliminating the need for individuals seeking to bootstrap liquidity to embark on a quest for new LPs or rely on superfluous liquidity mining rewards.

Hxro therefore, is an obvious alternative, allowing projects to..

utilize the depth of Network shared liquidity, take advantage of the risk engines and infrastructure and earn protocol fees.

tl:dr
• HXRO accrues value from all protocols built on top of it

• Protocol revenue share is used to purchase HXRO off the market, and

max stake it taking additional supply off the market

• Fees will be paid from all corners of the network to HXRO Stakers

In all of this, the commitment of the HXRO team to the tokenomics of projects built on it supersedes all existing SOLANA tokens ...

Especially those that had the Alameda stamp of low float, High FDV

We all know how that ended...

However, w HXRO, you can't help but feel something fresh is on Solana

While I will be going all in, Locking those HXRO tokens of mine to enjoy the incentives...

Feel free to check out the projects building on the HXRO stack as some of them have proven to be real-time wallet coke

Like always, don't just take my word for it..DYOR ..however, we know a real deal when we come across one.

You can read the unrolled version of this thread here: https://typefully.com/jediblocmates/1uQ2CSW

Discovering Solana's New Epoch with Hxro Network

@SpoolFi is back with a newer, improved V2

https://www.spool.fi/

Let's see what V2 entails.

Check it out👇

Introducing V2:

Spool V2 is a DeFi toolbox revolutionizing investment products for DeFi yield.

A complete rewrite of V1: it is faster, more efficient, and remarkably flexible.

This product caters not only to DeFi enthusiasts but also to hesitant TradFi institutions.

At the core of this protocol are the smart vaults, akin to traditional DeFi vaults.

These smart contracts automate investment strategies, executing chosen strategies to earn users' yield.

What sets Spool Vaults apart is the in-built risk model, providing users flexibility.


Guards:

Guards in Spool Vaults are a powerful feature that allows creators to control access to their investment vaults.

While vault creation remains permissionless, creators can decide who can invest in their vaults.

Guards can take various forms recorded on a smart contract.

Examples include:
- Whitelisting
- NFT gating
- Fungible token gating
- Time locks
- and wallet age gating.

These guards provide flexibility and control vault access.


Another feature is "Actions"

Actions are designed to enhance adaptability and efficiency for creators and investors.

Actions are tied to user activity, primarily deposits, and withdrawals,  deposit fees, or early withdrawal penalties.

Actions provide creators with customization options and allow for a tailored user experience.

Let's explore a couple of examples:

Institutions can implement deposit fees for an instant and consistent ROI on their investment product.

Another "Action" is an insurance fee to cover unforeseen catastrophic events in the crypto market.

This fee offers additional protection to investors.

Early withdrawal penalties can also be imposed, providing an option for those seeking to exit a vault prematurely.

The most intriguing Action is Automated Asset Swaps.

Vault creators can configure automatic token swaps to align with the specific strategy executed by the vault.

This enhances flexibility and control over the investment product.

Complex Actions

The driver of liquidity in the Spool ecosystem is vault strategies.

V2 brings significant improvements, allowing for volatile assets and multi-asset strategies.

Spool's risk models ensure diversification and minimize risks based on user preferences

Vault tokenization adds complexity and composability.

Depositors receive NFTs representing their positions, which can be used as collateral, staked for yield, or traded for premiums and discounts.

Endless possibilities arise from this innovation.


Liquid Staking Derivatives (LSDs) are another exciting addition.

Spool V2 enables the creation of complex strategies using different LSDs.

 The yield generation potential with LSDs is vast, and Spool automates these multi-asset strategies.


Spool Token:

The $SPOOL token grants value accrual to holders and permits governance.

With a maximum supply of 210M, distribution includes fair launch, builders, advisors, ecosystem, and DAO governance.

DAO controls 67% of the supply for emissions, liquidity, and growth.

Impressive fact: 1/3 of the supply has already been burned by builders, preDAO members, and the treasury to maintain decentralization.

Holders can stake SPOOL to acquire voSPOOL, gaining governance power.

Voting covers SIPs, emissions, risk models, and treasury management

voSPOOL accumulation starts after staking SPOOL, increasing with stake size.

Long-term voting is prioritized, resetting voSPOOL to 0 upon unstaking.

The treasury is built through performance fees, with 80% distributed to stakers and 20% going to the DAO-governed treasury.

Keep an eye on Spool and their V2 offering.

I think they will change the way vaults operate efficiently in DeFi and will allow institutions to get involved.

Please like and RT.
It is appreciated.


Spool V2: Revolutionizing DeFi Investments

Two months ago we told you about the @WenLlama 's.
Most of you faded and thought:
"This is just another cash grab NFT project".

We presented a long-form article about what @WenLlama were doing.
This was an obvious winner and yes we were right.


https://blocmates.com/blogmates/the-llamas-a-social-layer-cultural-flywheel-of-the-curve-ecosystem/

If you had read our article I bet you bought yourself a llama.

This kind of project brings that innovation to NFT's that few are doing—a flywheel effect from the curve ecosystem of yield paid to you as a llama holder.
If you were not aware of this project the TLDR is as follows:

1111 Llamas exist
The public mint is still underway and I think 30 remain... The public mint is a live auction.
One llama every hour for 30 days.
Almost 3 milly raised which will be put to work.

https://llamas-teal.vercel.app/

It will be interesting to see how the hodl culture develops around these particular NFT's and also how the wenllama crew go about creating revenue for their holders.
A brilliant experiment unfolds, and we get to see it reveal itself in all its complexities.


WenLlama: The NFT Project That's Actually Working

This is not an alpha thread or is it?

This is a summary thread on wtf is going on with Lybra V2.

Do not read it if you do not want to grow your knowledge.

If however, you want to know what @LybraFinanceLSD are doing with the V2 edition of their experiment then read below.


This thread will cover:

> Lybra’s v1 success
> Omnichain (OFT and weUSD)
> Added LSDs collaterals
> Tokenomics upgrades
> Mining update/Emission tweaks
> Wen Launch
> Closing thoughts


Lybra’s V1 success:

Lybra’s a decentralized finance protocol issuing a stablecoin (eUSD) backed by LSDs starting with stETH — the liquid received for staked ETH on @LidoFinance

You can check out our previous article here to get started. 👇🏽

https://blocmates.com/blogmates/the-race-to-stablecoin-supremacy-enter-lybra-finance/

since the launch of Lybra v1 in April, the protocol’s performed considerably well with some of the metrics mentioned above:

> Over $60m in TVL
> Over $20m eUSD borrowed and in circulation
> crossed 7k on twitter before @jediblocmates
> Launched a bug bounty program

.. 😮‍💨

But Lybra isn’t stopping anytime soon. Laced with feedback from the community and supporters, Lybra is gearing up for V2

What’s the content? We are about to find out in this thread starting with Omnichain integration.

Ready?


Ominichain integration (OFT and weUSD)

>Arbitrum’s TVL has been impressive and is simply becoming the home for DeFi.

>Lybra recognizes this and will be integrating with the Arbitrum chain and other chains in the future.

Lybra will be omnichain by integrating LayerZero.
👇🏽

To function as an omnichain protocol, Lybra tokens (eUSD and LBR) will need to be transformed to OFTs (Omnichain fungible tokens)

Users will be able to:

>Mint eUSD on ethereum
>Bridge eUSD to L2 to receive OFT - weUSD

Once eUSD is bridged, a pool is formed in weUSD
👇🏽

Support for other LSDs and LSTs :

In V2 , Lybra will add support for the following:

rETH, stETH2, wBETH, swETH, and tapETH.

However, these can be removed by the DAO and newer ones can be added as well if a decision is reached by the DAO
👇🏽

New LSD integration means more opportunities and room for growth as TVL increase will attract more deposits and increase eUSD borrowing

More borrowing = eUSD utility across chains

It’s all a big beneficial  f—- cycle

There’s more 👇🏽


Tokenomics Upgrade:

The Lybra team will be adjusting the tokenomics to accommodate a few new items:

> LBR to become deflationary token via burns

> A small portion of the supply goes to reserves to supercharge Lybra through partnerships and onboarding institutions.

👇🏽⛳️

More on tokenomics upgrade:

> In a situation where a VC is onboarded, vesting will be in line with TGE and for a year

It’s also important to migrate from the genesis LBR to the new contract as a deadline would be fixed and a snapshot taken to this effect.

👇🏽

Contd:

> esLBR vesting will be increased from 30days to 60days at 1.66% daily vesting.

👇🏽

Mining update/ emission tweak

esLBR emission will be tweaked using a dynamic liquidity provider metric. How?

> A minimum 5% threshold in locked Dynamic Liquidity relative to the total value of borrowed eUSD

Contd:

To be eligible for emission rewards, users got to provide dLP tokens in the tune of 5% and above

> Where a user’s dLP falls below the threshold (5%) of borrowed eUSD, the user won’t receive the next esLBR emissions

👇🏽

Contd:

> During the period of ineligibility, a bounty will be placed on the unclaimable reward and can be purchased at a 50% discount in LBR

> Should the dLP rise back to or over 5%, the user resumes receiving the rewards

Contd:

> Version 2 will witness an increase in locking lengths and proportional boosts

> Other pool incentives will remain unchanged although yields might fluctuate

👇🏽

Other updates 🤷🏼‍♂️

> V2 will come with an updated UI/UX design, (hopefully distinct from LIDO’s this time in terms of UI 😂)

> The DAO will be officially launched after V2 and will be highly effective in decision making

> More research into improving eUSD peg / Audits

👇🏽

Wen Launch?  🚀

The moment you’ve been waiting for 🌚🏌️‍♂️

Testnet will be available next month, while Mainnet is scheduled to arrive sometime between July and August.

🔥💯

Closing thoughts 💭

As LSD narrative continues to heat up, Lybra’s sturdy approach to Stablecoins is interwoven so neatly with the narrative and as early signs have shown, is quite promising.

Lybra protocol is one to keep an eye on especially as we gravitate towards V2!

You can read the unrolled version of this thread here: https://typefully.com/jediblocmates/vKe2FWB