$CREAM - ok so been pretty vocal about this last couple of weeks but let me explain why. Upside and lots of it.

medium.com/@CreamdotFinan…
The Iron Bank is essentially the first institutional funder within DeFi, and what do I mean by that? We have $AAVE and $COMP, $MKR as well. However they serve for the better part individuals, over collateralized and that just isn't efficient for most protocols.
In the traditional world business can lean on lines of credit to take care of operating expenses, new infrastructure, wages etc. This is a fundamental need for most business to survive.
Iron Bank will position itself outside of $CREAM V1 which is the retail focused, long tailed assets that the platform is known for. This is institutional grade credit. Exactly that credit. Which comes at a premium.
Also - in B2B settings these lines of credit generally pay well with lower risks of defaults. So as more are approved for credit on the Iron Bank expect not TVL to increase but the total borrow volume, which is where the fees are earned.
debank.com/ranking/lending
Borrow volume gets overlooked for the TVL meme, the truth is while AAVE is cruising in number and 1, and for good reason with their slick platform are only penetrating 18% of TVL as borrowed vol. COMP is closer to 80%
$CREAM at 15% total borrow volume I expect it to increase significantly. Higher borrower rate will equal better returns for depositors and the TVL will naturally grow as lp's come to fill the void for single sided exposure.
Protocol to Protocol in DeFi is Business to Business in TradFi.

This excites me immensely and creates another opportunity for other Yearn ecosystem projects to lean on.

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More from @DeFi_Ted

23 Dec 20
Today I am feeling a little…...bored.

So thread time - don’t worry I’ll talk about $BTC on $ETH

👇
$RUNE kek - I personally have a bag sitting as my hedge against picking the winning chains.
Oh you thought this was about 2 chains? No.
There will be other blockchains, DeFi has found a home on Ethereum but we will need more solutions then just the replacement of finance.
$RUNE allows me to sleep at night, not having to wonder about what use cases might pop up elsewhere on other blockchain islands of happiness. $RUNE fills the space between these chains and allows the seamless flow of liquidity - across chains....natively.
Read 14 tweets
28 Nov 20
A light thread on insurance and the missed part of this very 2 sided coin. 👇👇
The current narrative that I have noticed in the DeFi space with respect to insurance is a focus on 2 things;
- TVL
- Total Cover Purchased

While these are 2 fundamentals any investor needs to be highly considerate of, the truth is they are only the investors side of the story.
In the difference between the current money markets we are used to seeing in DeFi ,with insurance specifically, it needs to appeal to the purchasing party for the growth of the platform.

I mean no purchasing of cover, no fees right?
Read 12 tweets
20 Aug 20
Free Alpha!

Yearn is a compounding beast that turns your shitty USD into something glorious, a return! How, by harvesting the fuck out of your shitting Gov token for the profit every few hours dumping it on plebs adding huge selling pressure. Along with @DegenSpartan
They are probably half the market anyway.

Look at the recent CREAM price in the hours that yearn has been farming it through the $YFI yFYI Vault. Tanked, it's fucking sour as fuck now.
Now look at $CRV although this was a dumpster fire of a release so can be dismissed. Still both Yearn and @DegenSpartan have sent this to pretty much an instant bottom where all retail are being reemed.
Read 5 tweets

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