I’m super excited to announce myself as the manager for Alignment Engine’s delegation support of @RariCapital!

galacticdefi.substack.com/p/rari-capital…
As many of my earlier followers may know, I've been a big supporter of Rari Capital and the team for a while now. I can't wait to continue sharing my insight and participate in a more structured manner!
Within the announcement link above, you'll see a Values Platform that will be our guiding principles with which to evaluate proposals.
A short list (the article goes deeper into description):

Accessibility
Awareness
Integration
Decentralization
Accountability
Durability
Software Security
Innovation
Alignment
We intend this delegation wallet to be community-supported, where _you_ have a direct & measurable influence on Alignment's delegation stake. For this reason, if you find our Values Platform to align with yours, we highly encourage you to delegate to us! withtally.com/voter/0x115b37…
Again, if you want the complete information, I highly recommend you read the article linked at the top of this thread!
P.S. We've already begun to signal our support by being the first on-chain "For" vote for the most recent "Mint 2.5M RGT to the Rari DAO Timelock" proposal! We believe that it is in firm agreement with our aforementioned values of Alignment, Innovation, and more!

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More from @CometShock

14 Sep
There are some potentially crazy consequential secondary consequences for the Solana chain stopping for as long as it has, and could potentially get worse the longer it remains offline.

🧵👇
With all of the DeFi stuff being built out on Solana, there clearly could exist some crazy MEV/arbitrage opportunities the millisecond the network goes live again. Think of all of the DEX liquidity with now-stale prices on them.
The longer Solana is offline, the higher the chance for large price deviations everywhere. Juicy returns for the quickest transactors to arbitrage this away. But it gets even more interesting:
Read 28 tweets
13 Sep
Building out a RT thread for all the @RariCapital delegates posting about the $RGT mint for emissions vote. Time for us to build out a wide community with deep roots, and time for sustainable bullish emissions!
Don't be $FEI-ding the scale of Rari's $TRIBE! 🌲🏎️
The Rari community is being built with aligned incentives in mind!
Read 4 tweets
1 Jun
A meta-thread compilation of some threads I've written, for those who are new to my profile:

Treasuries - The Underrated DeFi Protocol Fundamental
Weighted Net Token Metrics - A Potential New Class of DeFi Fundamental Metrics
Ruler x Rari Capital WETH Hedge Strategy
Read 7 tweets
21 May
Thought experiment: On a long enough time scale, do DeFi primitives with small/no moat trend towards no gov token fee extraction?

🧵👇
We are still somewhere in the experimental/refinement stages of most DeFi innovation, but eventually some primitives could incrementally refine & improve to the point of near-perfection & ossification. (Again, this is very long-term thinking vs where we're at atm.)
Once a protocol primitive ossifies like this, some impatient questions begin to arise:

What's the point of governance anymore? Maybe tweaking some minor parameters based on consensus & market conditions? Does governance really deserve any form of fee extraction for this?
Read 16 tweets
9 Apr
An assorted thread of DeFi data analytics problems I've been kicking around in an attempt to answer the general question:

What constitutes as actual healthy DeFi protocol fundamentals growth?
👇
Apologies in advance for the very abstract, dense rhetoric that sounds like I'm going on some existential rant. This is very much a long string of thoughts - not a formal dissertation.

That said, I look forward to hearing thoughts from those who make it to the other side!
Something to keep in mind while sorting through this thread:

Maybe a lot comes down to how you define the difference between growth & adoption, or if they're intersecting sets, or if one is a subset of another. But even then, what points to the best, most reliable metric?
Read 22 tweets
8 Apr
Strategy alpha leak:

Right now using @RulerProtocol and @RariCapital, someone could lock in almost 40 WETH to:
-Maintain full upside exposure to 40 WETH
-Limit WETH downside to about -20% for the month of April (ATM)
-No liquidation risk
-Effectively no fees beyond gas!

How? 👇
Step 1: Deposit WETH into Sifu's Degen pool @RulerProtocol and borrow DAI, as seen in the image. Note the Annualized Interest Rate at ~21% for 40 WETH.
All of these interest rates lock in for you upon the borrow transaction, and you have no risk of liquidation as long as you pay back your loan before expiry (April 30th 00:00 UTC). If you fail to do this, you forfeit all of your collateral.
Read 13 tweets

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