Thread by @crypto_gav

I spotted a 3,500,000 #1INCH deposit into the staking contract earlier. Which single handedly took the apy from 187% > 143%

So I thought to myself let’s do a quick whale watch shall we?? 🐳🐳

0xa0f75491720835b36edC92D06DDc468D201e9b73

Here’s what I found 👇

0xa0 has a net worth of $70m so this entity is a Chad.

Interestingly this wallet has very little debt ‘only’ half a mil mainly from their $SNX staking position.

It’s usually common to see these ‘Smart LP’s’ (as described by @nansen_ai ) borrow off $ETH $BTC

0xa0 is a Chad $wBTC / $ETH LP provider.

They have $19.5m position in $SUSHI & $15.5m in $BAL

They also have a $2.5m position in Shell protocol $BTC pool

Common theme in the majority of these large wallets is no deposits in @iearnfinance & large positions across multiple pools in @CurveFinance & it’s no different here with $177k $veCRV locked for boosts on $CRV pools.

Interestingly they have borrowed $56k worth of $CRV also

From Cream supplying $250k of $USDC with lots of breathing room.

They’re in 9 $CRV pools totalling $12.4m with apy’s from 10-40%

Half of this is renBTC pool & is staked in $BADGER rn.

Other notable positions this entity holds is $3.1m worth of $NXM & $2m of $AAVE (not staked) & locked $DODO

@DeBankDeFi estimates this wallet is earning $7,500 per day in interest & is acquiring $53 from debt positions.

There is $66k worth of claimable yield farming rewards

Which indicates a comfortable position in where they do not have to constantly dump rewards to hedge their position. Obviously the lack of debt is the reason for this!

Overall respect ✊🏼 to this farming overlord & hopefully we can learn a thing or 2

Shrimp Out 🦐