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Barry Fried 🦇🔊 Profile picture
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Jul 20 • 14 tweets • 5 min read
Want to maximize UniswapV3 LP yield?

Say hello to @revertfinance — the FIRST EVER UniV3 LP autocompounder 🧵👇
In traditional UniV3 LPs, LPers receive a growing claimable fee balance…

This is somewhat inefficient, as if trading fees were automatically compounded into the LP position itself (like Univ2), the LPer would have an ever-growing balance of LP tokens ->more trading fees accrued
Currently, if an LPer wanted to manually achieve this, they would have to…

a. Collect fees from the LP NFT contract
b. Swap accrued fees into a 50-50 split
c. Deposit as LP tokens
Not only does this require constant position monitoring, it can be extremely expensive/gas-inefficient (3 txns), to the point that it wouldn’t even be worth it to compound!

Well…not anymore👇
Users can simply go to revert.finance ->deposit Univ3 LP tokens (or even create a new LP position through the “initiator”) ->receive LP fees autocompounded into more LP tokens->higher yield!!
In order to cover gas costs, @revertfinance takes a 2% performance fee on top of the reinvested fees, utilizing their gas-efficient *autocompound* function (takes uncollected fees when it can pay for gas->strategically swaps them depending on current tick ranges-> adds liquidity)
As you can see, using the autocompound function is cheaper+way more efficient than collect-swap-add (fees are assuming 1k ETH and 25 GWEI)

If desired, users can call the autocompound function manually without paying the 2% fee! (rather paying gas+benefiting from its convenience)
Want to compare/run data analysis on LP performances?

@revertfinance beautiful UI allows anyone to perform EXTREMELY comprehensive analytical breakdowns on their/ANY UniV3 LP position PNL, APRs, total fees, optimized tick ranges, etc! 👀

revert.finance/#/initiator
So how is this different from Univ3 LP optimizers like @ArrakisFinance?

a. When you deposit in Arrakis, you’re essentially giving them full control over your LP tkns, in which they can run whatever “strategy” they want. (Choosing level of concentration, etc)
b. Arrakis doesn’t run strategies on every Univ3 LP (set amount of pools)

With the @revertfinance compounder, users can simply provide liquidity to ANY pool at ANY level of concentration, and receive fee autocompounding into more LP tokens!
But wait — there’s more!

The compounder will be launching on Mainnet, Arbitrum, Optimism, AND Polygon!

That’s right, ANY UniV3 LP on ANY chain can be autocompounded 👀

(And as we know, the cheaper the gas fees->more net LP autocompoundings->greater net yield)

So few 🤫
Thank you for reading.

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More from @BarryFried1

Barry Fried 🦇🔊 Profile picture
Jul 19
Looking to put your @synthetix_io Synths to work whilst receiving $SNX staking rewards?

Here are the best Synth yield opportunities right now 🧵👇
Uniswap V3:

$sUSD/$FRAX .05% pool on Mainnet has paid out 1.53k in fees the past 24h, with a pool TVL of 4.93m (volume skyrocking the past week)

This equates to 11.3% vAPR, but obviously depends on the tick ranges of your supplied liquidity
Likewise, supplying liquidity to this $sUSD/$USDC .05% pool on Optimism (cheap!) has paid out 368$ in fees the past 24h, with a pool TVL of 953k (volume consistent since inception)

This equates to 14.1% vAPR, but obviously depends on the tick ranges of your supplied liquidity
Read 14 tweets
Barry Fried 🦇🔊 Profile picture
Jul 19
Interested in using @synthetix_io?

Want to avoid liquidations whilst collecting max $SNX yield?

Here’s a comprehensive guide to risk management on the @synthetix_io platform, and why a “death spiral” scenario is EXTREMELY unlikely🧵👇
As we know, users can stake their $SNX tokens and mint Synths (synthetic assets) against their $SNX with a minimum c-ratio of 400%, receiving synth trading fees in $sUSD + 12 mo escrowed $SNX rewards.

(Min c-ratio constantly changing based on mkt conditions)
Synths can be used on @kwenta_io for perps, @lyrafinance for options, LPing on Curve, Uniswap Velodrome etc, allowing EXTREMELY low slippage swaps (utilized in swap aggregators like @1inch->juicy $sUSD fee revenue back to $SNX stakers!)

synthetix.io/synths
Read 21 tweets
Barry Fried 🦇🔊 Profile picture
Jul 13
Wait — the devs are doing something?

Did @tztokchad just say unliquidatable perps are here?!?

Time to take a dive into one of the most highly touted product releases of 2022… @dopex_io Atlantic Options!
🧵👇
Traditional European options are ALWAYS settled at expiry. (as @dopex_io uses)

In other words, if I buy an $ETH put option with a 1000$ strike at an $ETH price of 1200$, and $ETH drops to 800$ before expiry, I CANNOT realize these gains (1200-800=400$) until the contract expires
Now this is pretty capital inefficient…

If the put option buyer can’t realize his gains until the contract expires, the collateral put up by the put option writer/seller is essentially just sitting in the contract until expiry!
Read 21 tweets
Barry Fried 🦇🔊 Profile picture
Jul 12
After 4 months of writing on Crypto Twitter, I’ve finally reached the 10k follower mark…

Here are a few tips and tricks I used to help me get there (and how you can do it too!)
🧵👇
Staying EXTREMELY consistent:

For the first 2-3 months, I wrote a thread EVERY day, regardless the amount of followers I had.

In fact, I specifically remember spending 2-3 hours/day writing threads at 100-200 followers, most of which ended up getting less than 20 likes…
It’s worth it!

Over time, more and more people started noticing my content… and as we all know, the more followers you have->higher growth potential

(Kinda think of it as APY, in which your “balance” autocompounds on itself)
Read 15 tweets
Barry Fried 🦇🔊 Profile picture
Jul 10
Imagine a world in which liquidations are not only MEV bot and “scam wick” free — violators are penalized with EXTREMELY low liquidation fees…

Whales and shrimps, come learn about @eulerfinance’s ground-breaking liquidation mechanism!
🧵👇
For starters, let’s say you’re a whale borrowing 10m $USDC with $ETH collateral on @compoundfinance.

Suddenly, $ETH price drops, LTV of 80% is hit ($ETH collateral now worth $12.5m), health factor goes below 1, and subsequently your position can be liquidated. (50% of your debt)
Now, on Compound, if I (or multiple liquidators) liquidate someone else’s $ETH collateral+pay off his debt, I will automatically receive an 5.2% liquidator bonus (+2.8% to Compound’s reserve, or an 8% liquidation fee for the borrower).
Read 27 tweets
Barry Fried 🦇🔊 Profile picture
Jul 7
Did you hear anon?

@AaveAave has put up a proposal to launch their own overcollateralized CDP stablecoin backed by yb collateral assets, $GHO!
🧵👇
Users will be able to put up collateral and borrow $GHO at a fixed interest rate+LTV (depending on collateral type), with all accrued interest going back to the treasury to further increase $GHO utility!

(AAVE safety module depositors>discounted borrow rates>arb opps)
Let’s see… how could @AaveAave possibly utilize treasury funds to increase $GHO utilization in DeFi?

That’s right, building deep Curve liquidity!

(Bribes, buying and locking $CRV and $CVX, etc)

They can also do something else on Curve to FURTHER incentivize their pools….
Read 6 tweets

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