Content
@
0 reply
0 recast
0 reaction
Michael
@michael
I've been digging back into new web3 products recently and spent last night looking at a new defi protocol, https://x.com/bunni_xyz. Here's what I learned, why it's worth talking about, and what the rise of tools like this can tell us about how web3 is changing...
2 replies
1 recast
4 reactions
Michael
@michael
Confession: I've put a considerable amount through defi over the years but I don't have a clue how liquidity providing works. It's a black box that I've never taken the time to open. With Bunni, now I don't have to. Bunni is like self-driving for liquidity providers. Normally, LPs have to stay on top of market movements really closely. They narrow and widen positions and move capital between active/idle constantly based on market conditions. Bunni does this for you. They have three key features: position shapeshifting (dynamically adjusting risk), auto-compounding yield (unused capital gets deposited in Aave for more yield), and MEV shield (protects you from front running by bots). Together, these changes make LP management mostly automated. You still need to decide what to provide, of course, but Bunni handles most of the day to day minutia of making it profitable.
1 reply
0 recast
1 reaction
what 🤘🎭
@whatax
Actually I took a deeper dive into DLMMs LP and you can have with some effort a way higher yield than with an open LP position. So if Bunni automated this for you it really sounds pretty interesting
0 reply
0 recast
0 reaction
