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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 Image
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. Image
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 💸 Image
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