Share this page!

DeFi Pulse πŸ‡ Profile picture
Twitter logo
7 Jun, 6 tweets, 2 min read
1/ πŸ‡ DeFi Pulse Drop #22: @DeFiSaver πŸ‡

Ever thought of a clever way to string together #DeFi apps but didn't know how to execute the idea?

Or maybe you want to save time by performing multiple actions at the same time.

Meet DeFi Saver's Recipe Creator bit.ly/2T3ULEI
2/ DeFi Saver's new Recipe Creator is a transaction builder interface for creating and executing "recipes."

πŸ§‘β€πŸ³ With the Recipe Creator, you can build complex transactions interacting with multiple DeFi apps to use flashloans, borrow, lend, swap, and more in a single transaction.
3/ Now anyone can become a DeFi superuser wielding an arsenal of powerful protocols and tools with only a few clicks.

Simply drag and drop actions in the order you want them and DeFi Saver handles the rest, executing your recipe in a single transaction.
4/ DeFi Saver's Recipe Creator even includes a Recipe Book with pre-made recipes of common DeFi activities for inspiration.

And if you're looking to try it out first, DeFi Saver has a Simulation Mode which forks at the current Ethereum block letting you test out recipes freely.
5/ Try your hand at being a chef and see what tasty recipes you can create. Don't forget to save and share them... or don't. 😏 bit.ly/3vZU0el

Read about the Recipe Creator, Simulation Model, and other features DeFi Saver has been cooking up. bit.ly/2T3ULEI
6/ This is paid promotion as part of our DeFi Pulse Drops series where DeFi Pulse works with projects to launch their new features and builds. If you want us to work with you, please get in touch!

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with DeFi Pulse πŸ‡

DeFi Pulse πŸ‡ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @defipulse

DeFi Pulse πŸ‡ Profile picture
8 Jun
1/ πŸ‡ DeFi Pulse Drop #22: @DeFiSaver πŸ‡

Much like how it doesn't take a chef to follow a recipe, anyone can cook up complex #DeFi transactions with DeFi Saver's Recipe Creator.

Performing multiple actions on many protocols in a single transaction is as easy as drag-and-drop.
2/ DeFi Saver's recipes make some of the most powerful tools like flashloans available in DeFi accessible to anyone.

Flashloans let you borrow large amounts of crypto without collateral so long as the debt is paid back within the same transaction.
3/ Previously flashloans and the ability to string together a series of actions in a single transaction were only for the most technical DeFi experts.

But now DeFi Saver's Recipe Creator makes it simple and safe with their audited, reputable, and user-friendly infrastructure.
Read 7 tweets
DeFi Pulse πŸ‡ Profile picture
4 Jun
1/ πŸ‡ DeFi Pulse Drop #21: @IntegralHQ πŸ‡

As you likely know, liquidity providers can suffer Impermanent Loss when the price of one token in a 50/50 AMM pool is more volatile than the other.

But sometimes this loss isn't as temporary as the term implies, let's examine why...
2/ Say you provided liquidity $ETH / $USDC to a typical AMM pool this time last year when ETH was worth $243.

As the price rose, arbitrageurs bought and profited off your ETH, leaving you with USDC.

This loss is only impermanent if the price of ETH returns to the same level.
3/ For this reason, Integral argues it could be called "Pool Leak" instead of impermanent loss.

Integral further contends it's better to simply prevent the loss from happening in the first place.

But how do you mitigate impermanent losses from sure-profit trades? A Trade Delay.
Read 9 tweets
DeFi Pulse πŸ‡ Profile picture
3 Jun
1/ πŸ‡ DeFi Pulse Drop #21: @IntegralHQ πŸ‡

Imagine a liquidity pool like a magic Hot Pot with 2 flavors of soup: $ETH and $LINK.

This magical Hot Pot can convert LINK soup to ETH and vice versa.

As long as the conversion rate (price) is fair, the pot maintains its tasty ratio. Image
2/ Some traders will take a bowl of $LINK soup so now you have more $ETH soup.

And then, a few more traders come and take some ETH soup so now you have more LINK.

Each time, they give a little back to the pot for these conversions (similar to trading fees)...
3/ There may be more or less of one flavor shifting the pot or pool ratio in what's known as Cyclical Imbalance but the pot should stay tasty as long as conversions happen at a fair rate between the two soups.

So what happens when the soup conversion rate or price isn't right?
Read 9 tweets
DeFi Pulse πŸ‡ Profile picture
5 Mar
1/ πŸ‡ DeFi Pulse Drop #19: @sirenprotocol πŸ‡

No one can escape time, not even options.

Theta or time decay refers to the reduction in value of an option as the time to the expiration date nears.

SIREN AMM v2 mitigates theta decay loss using a Black-Scholes model for pricing.
2/ Two factors determine the price of each trade: spot price and slippage.

The spot price is determined using a Black-Scholes model, taking into account parameters like underlying price, time to expiration, option strike and implied volatility, coupled with a Chainlink oracle.
3/ Similar to other AMMs, trades will be impacted by slippage based on the size of the trade and available assets in the pool.

In other words, the larger the trade relative to the size of the pool, the higher the slippage. This slippage benefits liquidity providers of the pool.
Read 5 tweets
DeFi Pulse πŸ‡ Profile picture
4 Mar
1/ πŸ‡ DeFi Pulse Drop #19: @sirenprotocol πŸ‡

Options traders have come to rely on tools in traditional finance that were refined over decades.

And with options being fairly new to DeFi, SIREN aims to fill a niche by building a platform suited for sophisticated options traders.
2/ To make full use of SIREN’s design which allows traders to easily swap options in and out in order to build complex positions, options traders need the necessary information to properly assess those positions.

This is why SIREN's UI displays the greeks for each option.
3/ Option "Greeks," named after the Greek letters that denote them, measure risks associated with a position.

If you're new to options, you may find this helpful for becoming familiar with greeks. investopedia.com/trading/gettin…
Read 8 tweets
DeFi Pulse πŸ‡ Profile picture
3 Mar
1/ πŸ‡ DeFi Pulse Drop #19: @sirenprotocol πŸ‡

Liquidity providers play a critical role in SIREN protocol as passive underwriters enabling traders to swap in and out of options positions.

Their liquidity is used to mint bTokens and wTokens, both sides of an options contract.
2/ SIREN's AMM can trade up to 6 SIREN options contracts which all share collateral and payment assets in a single pool.

As contracts expire the AMM uses its held wTokens to claim the collateral and/or payment locked inside options markets back into the pool.
3/ This means that liquidity providers are never required to manually roll over their assets when contracts expire making them passive underwriters.

SIREN is designed with a few key incentives to ensure the protocol has sufficient liquidity to meet options traders' demand.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @defipulse has new unrolls!

Check out other threads from @defipulse!

Read all threads by @defipulse

:(