BJ

Introducing the new Monolith. A clearer way to borrow, earn and launch stablecoins. monolith.market

There's a certain romance to DeFi that charts and APRs will never capture. ​ And after almost 10 years in crypto, I'm feeling it more than ever. ​ You discover a protocol. Spend hundreds of hours figuring out how it works. Eventually, something clicks. You start using it, invest your own capital, maybe even lock your tokens for years. ​ And sometimes, years later, that decision opens a completely unexpected door. ​ Take my veAERO airdrop. ​ Years ago, when crypto markets were getting hammered and confidence was running low, I bought VELO and locked it into veVELO for four years. Making that kind of long-term commitment in such an uncertain market felt like a real leap of faith. 😅 But I believed in what the team was building. Fast-forward, and that leap of faith earned me a veAERO airdrop. I later kept accumulating through DCA. ​ Then came Aerodrome, Base, new liquidity markets, new mechanisms, new strategies. I remember getting excited about Base early on, too. ​ And the rabbit hole just kept getting deeper. ​ Curve was another incredible journey. ​ At first, it looked ridiculously complicated. Pools, gauges, voting power, locks, incentives... I genuinely wondered how anyone could understand all this stuff. ​ But I kept digging. ​ Eventually, Curve clicked. Then I discovered Convex. Then another layer of strategies, voting markets and cash-flow mechanisms. ​ One discovery led to another. ​ And here's the beautiful part: sometimes an airdrop isn't even the biggest reward. ​ Sometimes it's simply the reason you discover a technology you might otherwise have completely missed. ​ That's exactly what's happening to me again with Monolith and SwanDAO. ​ I already knew Inverse Finance, DOLA and FiRM, but hadn't explored everything in depth. ​ Then I learned that vlCVX and veCRV holders could qualify for a SWAN airdrop. ​ Think about that. ​ Years ago, I put in the work to understand Curve and Convex, accumulated those positions and committed capital long-term. ​ And now those old decisions are introducing me to an entirely new ecosystem. ​ So I started digging again. ​ Bought around 1,000 swanUSD, staked it, started farming SWAN, then staked SWAN to earn more swanUSD. ​ And now there's a proposal to use sSwanUSD as collateral on FiRM, opening up even more borrowing strategies and risks to study. ​ But what really grabbed my attention was Monolith itself. ​ A platform where people can launch their own collateral-backed stablecoins and build DAO economies around them. ​ Imagine where that can lead. And eventually, AI agents helping operate portfolios, funds, onchain companies and DAOs. ​ Another whole universe of things to learn. ​ That's how this journey works for me. ​ A protocol leads to a strategy. A strategy leads to another ecosystem. An old lock leads to an airdrop. An airdrop leads to a new technology. ​ And every time I come back to a subject, I understand a little more than I did before. ​ I love writing about these discoveries in simple words. Partly for the people reading, but also for myself. If I can explain something clearly, it means I've probably learned something real. ​ Hundreds of experiments. Thousands of hours. Endless conversations with fellow DeFi nerds and AI. ​ Not just chasing tokens. Learning how these financial machines actually work. ​ And honestly, I love every minute of it. ​ One step at a time. One discovery opening the door to the next. 🌱

The remaining pooled lending projects like @aave v3, @Compound_xyz , and @VenusProtocol should really consider rate limiting large borrows - theres ways to do this without impacting 99% of users and legitimate use cases. Fluid and Kamino already implement this to an extent, the other lending protocols could do a lot to learn from them and develop their own methods - otherwise they will continue to be prime targets for hackers to get exit liquidity

$1M TVL on Monolith. 117 stakers and 52 borrowers got us here. Thank you. app.monolith.market