Brownian Motion
@brownianmotion
37 Following
24 Followers
Casts
Casts + replies
Brownian Motion
@brownianmotion
Ethena sUSDe yields dropping as financing rates got crushed. Still a decent 10% but nowhere near the 30%-40% we saw just a few weeks ago. Pendle implied YT yields still looking quite expensive compared to this at 30% for September expiry. Sure, these include Ethena sats and Karak XP but are they worth that much..? Disclaimer: I am short sUSDe yield on Pendle.
0 reply
0 recast
0 reaction
Brownian Motion
@brownianmotion
Noticed I just paid 1.33 USD for a simple swap on Arbitrum. Used to be in the order of 0.01 USD since EIP-4844. What's keeping the network so busy - $ZRO claims?
0 reply
0 recast
0 reaction
Brownian Motion
@brownianmotion
It’s not a donation if you’re forced to pay it. It’s a tax.. 🤦♂️ I’m generally fine with the idea but.. (i) don’t announce it minutes before the claim goes live and (ii) just call it what it is. $ZRO
0 reply
0 recast
0 reaction
Brownian Motion
@brownianmotion
First @ether-fi governance vote is live on Snapshot! The proposal is to use up to 50% of protocol revenues to buy back $ETHFI , initially using 5%. This is an easy gas-free YES for for $ETHFI holders. It's also always good to be active in the governance process. 😜 Vote here: https://snapshot.org/#/etherfi-dao.eth
0 reply
0 recast
0 reaction
Brownian Motion
@brownianmotion
Positively surprised by my L0 allocation. Got a large number of tokens from @ether-fi that I didn't expect at all. Thanks guys! Props to @bryanpellegrino for the extensive sybil removal! I hope other projects will reuse and refine your results.
0 reply
0 recast
0 reaction