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Jetty retweeted
I’ll be in Miami next week for @solana Accelerate and talking about @JettyFi at Consumer day Monday!
s/o @SuperteamUSA for having me
Crypto needs fixed rates!
Proud to be part of Superteam USA
See you in Miami next week 🫡
Crypto needs fixed rates and that's exactly what Jack & JSB are doing with @JettyFi.
These Superteam USA members are back to building!
Jetty retweeted
Crypto needs fixed rates and that's exactly what Jack & JSB are doing with @JettyFi.
These Superteam USA members are back to building!
Oh yeah? 👀
Program officially deployed to mainnet
s/o to the 🐐 @bluemoose123
private alpha invites going out soon 👀
Jetty retweeted
The perps problem on Solana isn't just microstructure. It's that execution costs are unhedgeable. Priority fees and tips spike at the exact moment makers need to cancel fastest. Costs go up when risk goes up.
We can fix it.
Jetty retweeted
Through our work @DeFiCarrot we've spent a ton of time thinking about and working with decentralized rate markets
Fundamentally DeFi needs fixed rates if it ever hopes to be used beyond speculation
Interest Rate Swaps are the answer; @JettyFi is the solution. Follow along 🛟
We are going to fix DeFi's floating rate problem and create the world's largest derivatives market onchain
🛟
Delta neutral does not guarantee no draw downs.
if any yield product claims to be DN but doesn't have a hedge on their funding rate... send them our way to have a little chat
The answer is an AMM. But a better AMM purpose built for rate markets.
Better capital formation and efficiency.
Better trader execution environment.
Predictability and reliability win.
TLDR
- Jetty creates the first real yield curve to finally trade the future cost of money across different time horizons
- Trade exactly the tenor you need. Not whatever you're forced to fit into
- Unified liquidity = better execution across all markets/tenors
win-win-win
Every rate in DeFi is floating, and without the ability to hedge rates, DeFi will remain limited to being useful only for speculation and gambling
If you’re running a basis trade and need an onchain funding rate hedge. Send us a DM
The main thing Ethena tells us is that if you rely on others to generate your yield, you are unable to build a moat that is defensible
Every MM or trading desk I speak to is running delta neutral strategies
Ethena showed how profitable the basis trade could be, then watched it become ultra competitive which ultimately makes it impossible for them to scale
Apart from some offchain no-ADL handshake agreements there is no moat here and it will become increasingly harder for Ethena to generate a large portion of yield from basis
If you don’t own your yield source, which no one else can access apart from you
You don’t own anything