Discover and read the best of Twitter Threads about #chisel
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@warpfinance🧵1/20
A ~$4M micro-cap w *$13B* TAM
$WARP is about to release its v2 #BlackSmith, further innovating on lending for yield bearing assets
The #DeFi 2.0 narrative is strong, but the potential of the @element_fi ecosystem it will leverage is underappreciated =>THREAD
A ~$4M micro-cap w *$13B* TAM
$WARP is about to release its v2 #BlackSmith, further innovating on lending for yield bearing assets
The #DeFi 2.0 narrative is strong, but the potential of the @element_fi ecosystem it will leverage is underappreciated =>THREAD
2/ $WARP was a pioneer in #DeFi summer by being the first to enable borrowing against Liquidity Positions (LP).
This innovation unlocked a $4.7B TAM beast, whilst the borrower continued to earn LP fees on their underlying assets 🔥
Other DeFi dApps have since copied this idea.
This innovation unlocked a $4.7B TAM beast, whilst the borrower continued to earn LP fees on their underlying assets 🔥
Other DeFi dApps have since copied this idea.
3/ This V1 is live today with $16.5M TVL
eg if you’re bullish on $WBTC / $ETH in Q4 and wanted to keep exposure, but also wanted $ to trade alts you could;
1. Add 50% of each as univ2 LP & earn ~2.5% APR
2. Borrow 75% LTV $USDC at 2.19% APR (-0.31% net)
3. Buy alts
4. Profit 💸
eg if you’re bullish on $WBTC / $ETH in Q4 and wanted to keep exposure, but also wanted $ to trade alts you could;
1. Add 50% of each as univ2 LP & earn ~2.5% APR
2. Borrow 75% LTV $USDC at 2.19% APR (-0.31% net)
3. Buy alts
4. Profit 💸
