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@wqgcaknjcz

69 Following
6 Followers
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@wqgcaknjcz
Stack more JitoSOL Historically Multiply was always better than naked JitoSOL, only February had a slightly negative return, but seems like March is shaping up to be back to positive. Borrow APY on SOL came down significantly after a spike in February. https://t.co/n0NvXfXbKS
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@wqgcaknjcz
1/ Kamino's Limit Order product has now surpassed $150M in all-time volume! Powered by @PythNetwork Express Relay, Kamino Limit Orders gives Solana users the best price fills at lightning speeds. Zero Fees. Zero Slippage. Zero MEV. https://t.co/OayMF5xVUb
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@wqgcaknjcz
Sometimes frustrated because all the things I want shipped today are not yet live and then I look back and I realise the devs have not been twiddling their thumbs: 1/ the stress testing framework works and helped scale our liquidators, but also helped us find a ton of bugs and
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@wqgcaknjcz
Aave has made the correct choice to hard peg Ethena sUSDe same as Spark. Once the size of the collateral is much larger than available liquidity you want to avoid cascading liquidations due to temporary liquidity issues. Yes it's a trade off, but that's risk management.
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@wqgcaknjcz
Today, @KaminoFinance has raised the LTV for JLP in its isolated market - unlocking even greater leverage for one of the most popular collaterals in DeFi lending 🏋?
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@wqgcaknjcz
1/ SIMD highlight: SIMD-0256 Increase Block Limits to 60m Earlier this week Brennan (@bw_solana) said Anza is going to make it rain blockspace and true to his word he has put up a SIMD pr to increase block limits to 60m. This would be after SIMD-0207 will increase them to 50M
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since you ask: it’s a simple concept called counterparty risk - drift yields are *sometimes* nominally higher but *always* lower in real terms when adjusted to the risk of the platform - last time there was congestion drift users couldn’t close their positions due to stale
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@wqgcaknjcz
Last week was one of the the worst weeks in terms of drawdowns since Kamino Lend went live. Check out the retrospective and how Kamino handled everything with 0 hiccups. All the work we put in: oracles freshness, liquidator capacity, risk monitoring seems to have paid off.
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@wqgcaknjcz
When I first joined crypto as a builder in 2021, my first Solana hackathon friend (now a Kamino heavy user) told me that Solana was fundamentally better than Ethereum at DeFi because it can react quicker to market events. For example, for the same asset, you should be able to https://t.co/r0ypahdVFs
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@wqgcaknjcz
Fat protocol thesis is obviously dead. It completely one-shotted this industry for the better part of 10 years into working on fundamentally intractable problems and created a whole generation of zuzuluan crypto token tinkerers that tried and continue trying to defy economics.
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New record for largest limit order filled on @KaminoFinance ($2.8mm). https://t.co/8MEMmFSVIF
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@wqgcaknjcz
Re SIMD 228: Beyond the necessary SOL staked for economic security, inflation based emissions is an accounting trick to financially suppress SOL holders, a transfer of wealth, a tax from SOL holders to SOL stakers. If the answer to this is to “just stake SOL”, then we
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@wqgcaknjcz
Gm, good news and bad news: Bad news is that we are all back to the pre-rich purgatory again and also I got liquidated (but partially and with low liquidation penalty so that makes it a bit better). Good news is that the new liquidator system seems to absolutely crush it and https://t.co/JqeVwUxGvR
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@wqgcaknjcz
RT @toothfairy_hk: every step we take at kamino is underpinned by the question: how can we make users feel even safer using our products…
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RT @SimkinStepan: According to all publicly available information and the internal review of the @safe team (which we all should trust), th…
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@wqgcaknjcz
Solana validators voted to pass SIMD 96, which redirects SOL tx fee burn to be paid to validators As a result, net SOL inflation increases ~1% Governors of policy operators voting themselves to have more money 🙄
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We've just kicked of a $EURC campaign in collaboration with @gauntlet_xyz Over the next month, a total of €100,000 $EURC will be distributed across two Kamino liquidity vaults: 👉 EURC-USDC - 50,000 $EURC 👉 EURC-SOL - 50,000 $EURC https://t.co/trovpbyXMw
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I have no doubt Solana will recover but the best way forward is a competitor or newcomer stepping in to fill the role Jupiter/Meteora has played. Aggregator/swaps/LP/perps rinse the whole stack.
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@y2kappa V2 sneak peeks my man 🫡
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SOL ETF is happening this month according to Fink. Unlike ETH, I think this will do well. I will buy day1.
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