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Merlinator.base.eth

@merlinator

184 Following
68 Followers
Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
As Mitosis pivots from its current Expedition model to Matrix Vaults, the focus shifts from short-term liquidity mining to cultivating sustainable, mutually beneficial relationships between protocols and LPs. By better aligning incentives while preserving flexibility, Matrix Vaults could help attract a wider range of participants to the DeFi ecosystem. It's worth keeping an eye on how the Matrix Vaults product and Mitosis itself, evolve.
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Mitosis just announced Matrix Vaults, their new approach to liquidity in DeFi. I'll try to explain what Matrix Vaults are and why I find the idea interesting. Matrix Vaults reimagine how protocols and liquidity providers (LPs) work together. Unlike some traditional vaults that lock up your funds, Matrix Vaults let you withdraw anytime - but with a twist. If you withdraw early, you forfeit the rewards you've accumulated. This "penalty" mechanism aligns incentives between LPs and protocols without resorting to hard lockups. LPs are motivated to stay in for the long haul to maximize their rewards. Meanwhile, protocols get access to more stable, predictable liquidity. Matrix Vaults support complex and more customizable strategies involving integrations with lending protocols, stablecoins, multi-step yield optimization, and LP token staking and locking. This enhanced customizability is designed to address the long-term needs of protocols better and not just look to inflate their stats.
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Focusing on long-term growth helps to foster a more effective incentive opportunity, which allows protocols to reward suppliers for their more resounding contributions other than just depositing. When you deposit in a Matrix Vault, you receive an "maAsset" token that represents your position. The good thing about maAssets is they're composable - you can still use them in other DeFi applications while they're working for you in the vault. If you want to hold other maAssets, you can withdraw your Vanilla Assets, swap through any supported AMM pools, or use your mAassets as collateral. The end result is an increasingly stable and committed base of liquidity providers for protocols to work with. Matrix Vaults provide LPs with flexibility (no forced lockups) while giving protocols the predictability and aligned incentives they need.
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Keep going, Vitalik. Building an enduring structure isn't easy, but it'll be worth it.
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Merlinator.base.eth
@merlinator
Look how they massacred my $ETH 😐
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
New Optimism Proposal Vote Available (Protocol Upgrade: Superchain Registry 2.0) If you're an Optimism delegate, head over to Optimism governance and vote: https://vote.optimism.io/proposals/71928632649116715308847337447543955907072794738294227130170691217045092512147 This proposal for a protocol upgrade makes improvements to the Standard Rollup Charter’s Onchain Criteria. It adds additional requirements for standardization which were previously enforced by the Optimism Foundation via Offchain Criteria.
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Merlinator.base.eth
@merlinator
Is there any account that casts a daily summary of interesting Farcaster project updates?
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
As we close the curtain on 2024, I'm reminded of the importance of gratitude. I'm grateful for all the wins, the lessons, the highs, and the lows. There were definitely more highs than lows, making it a fantastic year! Here's to an amazing 2025 - may we keep winning! Happy New Year, frens!! 🎆🎇
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Merlinator.base.eth
@merlinator
The @MitosisOrg Game of MITO testnet has officially concluded on December 22nd, 2024, at 12:00 AM UTC. The testnet is no longer accessible, and player balances recorded at 12:00 AM UTC on December 22nd serve as the final snapshot. I hope you were able to stack MITO and other assets! The final snapshot includes: • All Game of MITO assets (Origin Assets, Hub Assets, miAssets, and Meme tokens) • MITO and wMITO • Assets on Chromo, Telo, and Clober Note: Yieldkingz NFTs are not included in the snapshot. The project previously announced that the Mitosis allocation ratio from the testnet would be distributed as follows: • 70% for MITO • 30% for other testnet assets Mitosis will announce the Convert Drop results later, so we'll see how it plays out. Hopefully, Expedition participants will also get good allocations.
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
The second one is super important.
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
▪︎ HAVE A PLAN FOR WHEN THE MUSIC STOPS ▪︎ If this is your first bull run, remember that gravity works very well in crypto 😏 Everything that goes up CAN AND WILL COME DOWN, with time. It's a cycle. If you've made good money, be sure to have a plan for taking profits and stick to it. If a dump comes, many people who are being giga bullish on your timeline will switch instantly and say you should've seen it coming. Don't try to time the top, don't round-trip your gains, and don't compare your portfolio or wins to others. 🫡
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Merlinator.base.eth
@merlinator
Gm, decentralization enjoyoors. It's a good day to touch some grass and do something fun.
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Merlinator.base.eth
@merlinator
Congrats to all who qualified for the HYPE drop. Flawless execution by the Hyperliquid team.Tokens were dropped in user accounts without fuss - tradable immediately.
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Just minted my sovereignty attestations onchain!
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Just minted my sovereignty attestations onchain!
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Gm! How we doing today? Up only, yeah? 🚀 👨🏽‍🚀
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Just minted my donation on @gitcoin 🫡 My impact is now onchain!
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
Usual, the stablecoin issuer, recently announced that it has teamed up with Polynomial, the L2 chain with a native liquidity layer focused on derivatives. This partnership offers double rewards for users 🤑: Incentives from Polynomial: • Earn 1pt/hour for every $100 of USD0++ deposited. • 5000 OP to share amongst USD0++ depositors during week 1! • 🚀 1.5X Boost, increasing to 2X after 30 days. • 💰 Earn APR from fees. Incentives from Usual: • Earn 3 pills per day for every USD0++ deposited To join Usual Money: https://app.usual.money/#FZ0EI Invite Code: FZ0EI To Stake USD0++ on PolynomialFi: https://polynomial.fi/r/https://polynomial.fi/r/0W98XB Invite Code: 0W98XB
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Merlinator.base.eth pfp
Merlinator.base.eth
@merlinator
📢 Just in: $HYPE is coming! It's just been announced that the Hyper Foundation has been established to support the growth of Hyperliquid's ecosystem. 💥 What's next? Hyperliquid's native token $HYPE, essential for HyperBFT, HyperEVM, & further developments. Eligible users can claim $HYPE and a Hypurr NFT before Nov 11, 2024. 🔗 Learn more and join the Genesis Event at https://hyperfoundation.org/genesis.
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Zora pfp
Zora
@zora
Celebrate the launch of @unichain, an L2 built for DeFi on the OP Stack. https://zora.co/collect/zora:0x8b54d443fa8509bf83d0deaebba62647e2b169ae/1
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