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Patryk (🌑,💙, 🔺) Profile picture
@AgilePatryk
Oct 15, 2021 • 19 tweets • 9 min read • Read on X
1/ So... I think there are some protocols on @terra_money that don't get enough attention. I am not quite sure why that is - they will bring revolutionary ways to use your $LUNA, $UST or other #Terra assets.

I would like to do them justice, starting with @prism_protocol.
2/ The @prism_protocol series will consist of multiple threads organized into 2 groups.

SEASON 1 - PRISM INTRO
1. Core feature of PRISM
2. DCF valuation method
3. yLUNA-perp pricing
4. pLUNA-perp pricing
5. What can I do with yLUNA?
6. What can I do with pLUNA?
3/ SEASON 2 - PRISM Strategies101 (#PS101)
1. @pylon_protocol - capital efficiency
2. @nebula_protocol - yield cluster
3. @mars_protocol - Fixed-rate borrowing
4. @staderlabs - staking refraction
5. LP refraction
6. @ApolloDAO & @SpecProtocol auto-compounding
4/
7. @anchor_protocol - keep collateral airdrops
8. @Levana_protocol - leverage on a leverage
9. @tiiik_money @alice_finance @kashdefi - instant self-paying loans for normies and #LUNAtics
10. @angelprotocol - lossless donations
11. @WhiteWhaleTerra - new arb opportunities
5/
12. @NexusProtocol - add airdrops to yield
13. @SandclockOrg - partnership in yield redirection
6/end

Stay tuned - I hope to post daily. ;-)
S01E01 - Core Feature of PRISM
S01E02 - DCF valuation method
S01E03 - yLUNA-perp pricing
S01E04 - $pLUNA-perp pricing
S01E05 - What can I do with $yLUNA?
S01E06 - What can I do with $pLUNA?
Inter-Season filler #1 - fixed-term refraction
Inter-season filler #2 - Pricing of $aUST fixed-term refractions
SEASON 2 - @prism_protocol - Strategies 101
===============================

S02E01 - @pylon_protocol capital efficiency
S02E02 - Yield cluster at @nebula_protocol
S02E03 - fixed-rate lending at @mars_protocol
S02E04 - possible co-op plays with @staderlabs
S02E05 - LP refraction

• • •

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More from @AgilePatryk

Patryk (🌑,💙, 🔺) Profile picture
Apr 17, 2022
After posting the thread below I received some feedback.

I am open to all of it - be it positive or negative.

Below is my attempt to correct a few mistakes I have made.

/1
I the original version of the calculator, I used the term "break-even".

The usual way to use it would be "a point at which we get full return of our investment".
investopedia.com/terms/b/breake…

In terms of my calculator/previous thread, that would be the day when ROI=100%.

But...

/2
it was quite confusing when I made the mistake to use it with a different meaning in mind.

Namely: "the day when overall ROI when using an auto-compounder exceeds the ROI of not using any".

/3
Read 10 tweets
Patryk (🌑,💙, 🔺) Profile picture
Apr 15, 2022
Auto-compounding on #Terra.

What are the benefits?
When does it make sense?
Can we calculate the return?

This and perhaps a bit more - below.

/1
First and foremost - many thanks to @GalacticGoat24 and the poke I got to create a proper auto-compounding calculator.

I have created many throw-away calculators (with crappy formatting and very messy).

This time it's different... but I am getting ahead of myself.

/2
@SpecProtocol and @ApolloDAO offer auto-compounding vaults.

I.e. you could enter a liquidity pool (or a vault) manually, collect rewards and do something with these rewards - perhaps regularly buy more of your LP tokens.

Or you could let Spectrum/Apollo to this for you.

/3
Read 16 tweets
Patryk (🌑,💙, 🔺) Profile picture
Apr 9, 2022
Gov poll #15 on @anchor_protocol increased max LTV on bLUNA from 60% to 80%.

Now we can borrow more.

There is an (unintended?) consequence of that though.

/1
Without beating around the bush:

In case of liquidation, the following fraction of collateral is liquidated

MaxLTV 60% -> 26.53%

MaxLTV 80% -> 54.73%

BTW these numbers assume the liquidation premium of 4.54% (weighted historical average).

/2
You can check that yourself using my calculator:

docs.google.com/spreadsheets/d…

Simply change the maxLTV field (cell F6) between 80% and 60% and observe "Liquidation factor", e.g. in cell M33.

/3
Read 5 tweets
Patryk (🌑,💙, 🔺) Profile picture
Apr 9, 2022
@danku_r and @phtevenstrong have bigger fishes to fry.

I can whip up that calc in a blink of an eye.

/1
You might be curious how Anchor liquidations work - I happen to have a thread on that right here:



Once you are done, READ THE ERRATA in the next tweet.

/2
In my 🧵 I incorrectly explained that liquidation assumes max liquidation premium of 15% to calculate amount of collateral to be liquidated.

In reality, it iterates all the premium buckets (starting with 1%) and liquidates only so much as to get to safe ratio of 80% (+1).

/3
Read 13 tweets
Patryk (🌑,💙, 🔺) Profile picture
Mar 31, 2022
@ProtocolVoid is coming to town and bringing privacy along.

Is it a big deal?
Why should I care?
What does it have to do with @galactic_punks?

🧵👇
/1 Image
Privacy is a pretty important topic. On a general-usage blockchain (such as Terra, Avalanche, Harmony One or Ethereum) all the transactions are visible to everyone.

This means: if you know a person's wallet address, you know their financial standing and all transactions.

/2
There a number of reasons why we might not want our address to be known.

▶ Friends might start behaving differently when they learn how much $LUNA you have
▶ It's more difficult for oppressive governments/dictators to track down your hard-earned money

/3
Read 22 tweets
Patryk (🌑,💙, 🔺) Profile picture
Mar 23, 2022
How @anchor_protocol liquidations work.

Simple explanation with math formulas.

I know - that last part sounds like it contradicts itself. I won't... hopefully.

/1
When you borrow $UST on @anchor_protocol, you gain a liability. I.e. you now have a loan you have to pay down.

L - liability = how much $UST was borrowed

/2
In order to borrow anything, you need to provide collateral - either $bLUNA, $bETH or $sAVAX. Whatever it is, it has certain value.

CV - collateral value = $-value of provided collateral

/2
Read 23 tweets

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