Monteluna

@monteluna

213 Following

296 Followers

Monteluna pfp

Review of Credit Guild when used to lever up Pendle yield positions. /cryptobanking https://twitter.com/paulapivat/status/1789670343671783906?t=910MvInQA2JHckbxvUn89Q&s=19

0 reply

0 recast

1 reaction

Monteluna pfp

The more I learn history of banking, the more I realize the banking and finance community are not one homogeneous unit. The participants are actually in a power struggle that is becoming more clear. https://mises.org/power-market/nebraska-ends-income-taxes-gold-and-silver-declares-cbdcs-are-not-lawful-money

1 reply

0 recast

7 reactions

Monteluna pfp

Anyone have updates on the Ajna liquidation issues? I am hearing in discords something wild happened but I'm not seeing a ton of explanation why.

1 reply

0 recast

1 reaction

Monteluna pfp

/cryptobanking update @letsgethai quietly passed SNX as collateral for it's floating rate credit system. Users can mint HAI with only ~3% borrowing APR against their SNX holdings. HAI has been mostly underutilized due to market volatility and leverage wash out, and still has plenty of system token rewards.

0 reply

0 recast

2 reactions

Monteluna pfp

/cryptobanking update Credit Guild has opened up a new fixed rate lending market for WBTC at 8% APR to borrow USDC, and has new ARB debt markets. The market in total for Credit Guild has been fairly lax as most risk capital used for leverage appears to have been liquidated across most markets. creditguild.org

0 reply

0 recast

2 reactions

Monteluna pfp

Having a lot of fun with Figgie. I usually try to find really interesting and complex games and this one is fun. https://www.figgie.com/

0 reply

0 recast

0 reaction

Monteluna pfp

Fantastic article from Nic Carter on Stablecoins and various perspectives. https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a

1 reply

0 recast

4 reactions

Monteluna pfp

Why is FriendTech pumping? Whale airdrop recipients moved to LP using the protocol's AMM, and the tokens were locked to only be allowed to AMM in house. 2600% APY, and the protocol is receiving revenue via swaps. https://twitter.com/DrgStefanescu/status/1787128956648337594?t=2VlrbSyyPV-T8QRtiUAt-w&s=19

0 reply

0 recast

2 reactions

Monteluna pfp

Rojas is a problem now jfc https://youtu.be/_Z1heGTnVJM?si=J_ZmUrjkIlA0q5H2

0 reply

0 recast

2 reactions

Monteluna pfp

Looking forward to see how the East shapes up after today. Miami/NYRB and DC/Philly are honestly the games to be watching.

0 reply

0 recast

1 reaction

Monteluna pfp

People, be realistic. FriendTech generated $40M in fees, and is now trading around $140M in FDV. I'm sorry if you sold all your Friend but this is stupid levels of hate here.

0 reply

0 recast

1 reaction

Monteluna pfp

Lmao I love how they're doubling down on the marina.

0 reply

0 recast

2 reactions

Monteluna pfp

0 reply

0 recast

0 reaction

Monteluna pfp

Anyone have opinions on arccos? Considering getting it.

3 replies

0 recast

2 reactions

Monteluna pfp

That's my quant. https://www.youtube.com/watch?v=PKVVpF1oBTo

0 reply

0 recast

4 reactions

Monteluna pfp

So you engaged in lending EigenLayer ETH for "points", with no real open agreement for suppliers, and it was widely known to be the most shilled product in the past 5 months second only to Blast. Now you're surprised you basically returned less than market beta? Lessons in there.

2 replies

0 recast

3 reactions

Monteluna pfp

/cryptobanking update The Ethereum Credit guild hasn't seen a ton of growth in it's novel approach to lending, but seems to have made a niche for Pendle fixed yield tokens in WETH. ECG combines optimistic governance (anyone can create markets without full quorum), and Curve-like gauges to control debt ceilings.

2 replies

3 recasts

5 reactions

Monteluna pfp

A fun read posted from Ameen that explained why the monetary system was in a configuration where rate hikes would actually cause more inflation. https://research.stlouisfed.org/publications/review/2021/05/26/is-it-time-for-some-unpleasant-monetarist-arithmetic

0 reply

0 recast

0 reaction

Monteluna pfp

The general market is starting to give me December 2022 vibes where everyone and their mothers got a huge earnings smack in the face, and leverage kept getting washed out, so you end up with very few people being bullish. We didn't really get much lower from there even though it took 9 months of crab to get out of it.

0 reply

1 recast

2 reactions

Monteluna pfp

You might think of this as a win but keep in mind the deals that were necessary to get there. You can probably be assured Binance is 100% harvesting data with direct API access to the FBI, CIA, Secret Service and NSA. Integrations with law enforcement and such. https://twitter.com/DeItaone/status/1785383616282874265

1 reply

0 recast

3 reactions