Yaron Velner pfp

Yaron Velner

@yaron

103 Following
14 Followers
Yaron Velner pfp
Yaron Velner
@yaron
Every project that competes with aave gives sophisticated arguments on why his approach is better for the users. But as long as aave keeps dominating the market, these arguments are mostly theoretical. Only time will tell if users favor new designs or prefer to stick with what they know.
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Yaron Velner
@yaron
Meh, fed can always print more USD and earn 24% a year on funding rates at binance :)
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Yaron Velner
@yaron
Was planning to dive into the @euler v2 code, and a cantina contest with such high prize is definitely a good opportunity to do it. https://twitter.com/cantinaxyz/status/1770828360471507068?s=19
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Yaron Velner pfp
Yaron Velner
@yaron
Discord or tg. Both suck, but this is what is used
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Yaron Velner pfp
Yaron Velner
@yaron
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Yaron Velner pfp
Yaron Velner
@yaron
Even blobs won't beat this https://twitter.com/adietrichs/status/1465125317421539329
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Yaron Velner
@yaron
Predictable is best. And yeah, both maker and compound/aave interest rate are unpredictable. But compound and aave rates are more connected to the entire DeFi ecosystem interest rates. While sDAI is only indirectly connected via trial and error adjustments that try to keep the psm full.
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Yaron Velner
@yaron
.@onetruekirk is suggesting to use sDAI as a debt asset https://twitter.com/OneTrueKirk/status/1766635873469362628?s=19 My concern is that the sDAI interest rate is not *directly* controlled by market forces, but rather by gov vote. Hence, this asset has somewhat of a synthetic flavor, which makes it less predictable.
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Yaron Velner
@yaron
It will have some effect as 15% of current block gas consumption will move to blobs, so it will be available for other txs to use. But hard to say if it will be noticeable, especially in a bull market.
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Yaron Velner
@yaron
Around 15-20% of the L1 block space will become available for other txs. Hard to predict the effect on actual price, and in this market it will be hard to notice as the gas prices will go up no matter what. But long term it does contribute to somewhat cheaper prices.
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Yaron Velner
@yaron
.@makerdao adjusting its interest rate according to the interest rate of other DeFi protocols is like a market maker in @binance that prices ETH according to the price he sees in the local cardano dexes.
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