Pasharus (@pasharus_) profile picture

On-chain stability & DeFi maximalist

Joined August 2023
Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)Photo by Pasharus (@pasharus_)
MiCA’s pushed stablecoin issuers to operate outside of the EU. Now, some at the ECB are calling for a ban over stability risks Fair, but MiCA’s the real issue here Killing any type of innovation from the inside while other countries benefit. Nice one cointelegraph.com/news/europ…
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That was quick 👀
the $sUSDe reserve in the Aave Lido instance filled in a block. THis will grow to a few billy before EOY.
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Blackrock goes multichain
*BLACKROCK LAUNCHES BUIDL ON APTOS, ARBITRUM, AVALANCHE, OPTIMISM'S OP MAINNET, AND POLYGON Source: DB | Coins: AVAX, APT, ARB, OP, POL
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.@AnzenFinance's USDz vault on blast got exploited for ~$500k because they hardcoded USDC to 6 decimals but USDB on Blast is 18 decimals vault contract: blastscan.io/address/0x69213… exploiter: debank.com/profile/0xb47f19e…
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Integrated FX protocol $FXN into the stablecoin yields tracker 🎉 Tracking yields on: - $fxUSD - $rUSD - $cvxUSD - $btcUSD What should we add next? TokenDataView.com
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Pasharus retweeted
This is specially egregious knowing that total $EUR stablecoin mcap is $300M and has remained mostly flat lately $TEURO just mints $70M to become the second biggest EUR stablecoin out of nowhere 🤔
Last week #TrueUSD released a new stablecoin $TEURO that would appear to be backed by Euros. They seem to have started off with a mint of €70 million to 0x465D0F0012C5Cf0098F851EE30FB511F61361e26. $TEURO on etherscan: etherscan.io/token/0xef4797f…
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Pasharus retweeted
Hmhm crvUSD revenue has flipped swap revenue.
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🤔 AAVE gov proposal to increase the borrowing rate on $GHO to 3% after being increased to 2.5% just a few weeks ago Borrowing rate should be set algorithmically to avoid going through governance every month GHO definitely needs to find a PMF & incentivise holding/LP'ing..
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I spy the addition of $rETH as an collateral to mint $crvUSD following vault removal from MakerDAO 37.5k rETH ($61m) in the Maker Vault Need an oracle which will come once vote #534 pass & liquidity deepened on any rETH pools Rocket pool to stream incentives? $CRV $RPL
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Show me the incentives and I will deepen your liquidity.. 🎡
New incentives for pools which have @LidoFinance stETH arrived
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The MakerDAO rETH off boarding brings me back to this thread I wrote the other day. By entrenching stETH, MakerDAO is actually exacerbating the eventual pressure its peg will face as leverage builds up and ETH IV surges in a bull market. Nature will restore balance.
Replying to @llamaonthebrink
4/7 Imo the minority LSTs will not be as systematically integrated into DeFi due to their liquidity limitations and, as a result, won’t accumulate as much leverage
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$LCNY a Chinese Yuan stablecoin coming to Curve 👀 Not the user for this but nice to see alternatives to USD and EUR stablecoins Can enable some FX plays once/if leverage available Even more given that it is a fork of Liquity $LUSD thus is immutable and can't be shutdown $CRV
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Probably nothing 👀
New bridging of CRV, crvUSD and boosts is almost here! Architecture allows to plug and even aggregate multiple bridges (starting with @LayerZero_Labs though). Code is here: github.com/curvefi/curve-xda… Vote to support that on @avax: dao.curve.fi/vote/ownership/…
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Pasharus retweeted
And a lot of people in the countries that use currencies listed below don't have easy access to King Dollar, hence the need for stablecoins and RWAs.
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StakeDAO teasing what’s to come during the Arbitrum season 15% APR on a low risk Curve Pool (unless USDT decides to finally break free) is enticing Rewards mostly in $ARB and some $CRV $SDT
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👻 AAVE Arbitrum grant request won’t get through as is nor makes sense Incentivising $GHO minting leads to sell pressure thus peg ⬇️ imo, grant should be used to incentivise liquidity provision on GHO pairs so that there is utility for holding it & lending of $ARB eco tokens
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📊 Curve generated 300k in revenue last week Total revenue = 18.3% of $CRV emissions - 65.5% from trading fees on mainnet - 27.5% from crvUSD fees $crvUSD revenue remains at 5% of cost for the 4th week but I expect catalysts to resume the uptrend in the upcoming weeks/months🚀
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$475m $USDT frozen - will probably not see any redemption for at least a few years while generating some juicy yield 😅
Replying to @whale_alert
That's one of the bigger freezings. Creeping up to 1,000 banned $USDT addresses 👀
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