I think DeFi market-neutral is separated between those that ascribe no risk premium to systemic risks (i.e USDT/USDC and large money markets), and those that do. Might be PTSD, but i see stablecoin capital as risk-on, and I won't accept protocol risk+ oracle risk + peg risk + custody risk for 25bps above RFR. I'm firmly in the camp of pricing all risks.

"Chance of getting caught<Payoff for not getting caught / (NA) / Risk is typically underpriced in modern world." might be one of my favorite crypto quotes.

People will see 50% APY and immediately think it's a red flag. I'm not issuing an opinion on this specific loan, but big risks tend to be largely mispriced. If you size it properly to be harmonious with your overall portfolio's target risk, can be good! Big risks are welcome.

Ripple is spending heavily DeFi incentives for their rlUSD. 10.2% APR on Euler. 9.76% APR on AAVE Not a lot of capacity left, but if you've got some stables and are a bit lazy (but not too much bc maybe incentives only last for 2 more weeks), this is a good option.

I'm not a short-term trader. I don't do well predicting what assets will outperform in a short window of time, I know this. I find it baffling that something like $UNI, a token which accrued $0 in fees over the past 5 years, can be +18% today (+$1B market cap gain), instead of steadily trending towards $0. Some people have elite-level abilities to predict these kinds of market movements, but I'm not one of them. The volatile part of my portfolio is only long-term stuff. What I do actively trade is risk on a market-neutral basis. I think I'm very good at that. For some reason people expect everyone on CT to have an opinion on every cryptocurrency. So here's mine: Every crypto token that relies fully on monetary premium will deflate to $0 as humanity decides to gamble somewhere else. Companies that add value to the world and make money using blockhain-based solution are very well-positioned to make the most out of the merger between "traditional finance" and "crypto finance". Past returns are not indicative of future returns, but this strategy has worked rather well for the past 5 years.

People are victory-lapping this ETH chart. Down 64.2% from ATH. Down 42% on 1Y Down 14% on YTD Up 27% on 1 month Pure cope. "sidelined?" no bro. I just didn't the lose money in the first place.

CCTP seems to have integrated "fast" mode. Pay 0.01 %, skip 25mins attestation period. Basically sell non-finality risk to Circle. Pretty cool for small transactions and apps that prioritize UX over financial efficiency. For reference, 1bp for 25mins is 210% APR. Exchanges apply this also. Many traders will be happy to pay it.

In ancient rome, gambling throughput was low (it required presence and physical intervention), so the house had to have very favourable odds. Internet-based gambling allows for HFT, which allows the house to operate at lower odds. Basically a 24/7 gambling experienced, with user funds being surgically extracted at the calculated optimal level to guarantee the house's max-profit. Historically vices were limited due to geographical, and economic limitations. The internet now allows addiction-prone humans to indulge to the max. Casinos are forever. Adjust your portfolio accordingly.

What is @sparkdotfi? The first Star (SubDAO) of @skyecosystem and its largest onchain capital allocator, operating as an open-source liquidity and lending protocol. Why now? - SparkLend: $5B+ in deposits and borrows - Spark: $6B+ TVL - SPK token launched in June Report covers: SparkLend, Liquidity Layer, Savings, SPK token, key metrics. Report:

ETH/BTC is now only 68% down from ATH. We're so fucking back.