capsaicin
@kbambridge
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capsaicin
@kbambridge
SPOT bootstrap 01/24/25 1. Total Yield: 70.4% 2. Expected Rebase: +2.98% 3. SPOT price still 2.1% above FMV So that means: 1. Total yield increasing despite more deposits 2. It’s going to keep increasing 3. SPOT hasn’t reached equilibrium price yet
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capsaicin
@kbambridge
Can we get images uploaded for the pfp and banner? Trying to build the ampleforth community on farcaster but having this channel with no images is not ideal
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capsaicin
@kbambridge
Someone created a channel for a community I’m in but didn’t set the images for it. Is there a process for adding a mod if you can’t get in contact with the owner so the images can be updated for the pfp and banner? There is no activity in the channel. It feels like squatting the name.
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capsaicin
@kbambridge
Solana’s culture of high velocity has really pushed the space forward. I believe longer term decentralization is the endgame so my view is BTC and ETH in the long run will be the on top, but credit where credit is due. An era of utility is coming, with proper regulatory frameworks to open the gates for institutions. Will Solana still be their chain of choice to connect financial services? I think when security is desired ETH and BTC are likely more attractive. Thoughts?
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capsaicin
@kbambridge
Operation Bootstrap update 01/22/25: 1. AMPL rewards: 44.5% 2. Uni v3 LP fees: 18%+ 3. AMPL expected rebase: 3%+ 4. SPOT price 2.1% above FMV Interpretation: 1. 44.5% APR that increases with rebase 2. 18% stable yield from trade volume 3. AMPL rewards increasing 4. Uni v3 pool asking for more USDC then SPOT What to expect in the coming days: 1. AMPL reward APR increase 2. Uni v3 stable yield increase as SPOT lowers to $1.39 (FMV) 3. Total AMPL rewards to 550k+ 4. Uni v3 pool balancing back toward 50:50 SPOT/USDC attracting more deposits
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capsaicin
@kbambridge
Yes we need to keep in mind that markets incentivize actions. It’s a good thing other’s bags are up, and it’s good that some are unhappy about it. If we want ETH to go up, build, use, and PROMOTE more apps on ETH. EIP-1559 means block space demand directly translates into ETH price.
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