Westie (rev/acc) 🟪 Profile picture
Feb 9, 2022 6 tweets 5 min read Read on X
Uncollateralized leverage yield farming using @mars_protocol on @ApolloDAO and @astroport_fi pools earning triple rewards
Going directly from your bank earning .01% to UST in seconds through @kado_money, or direct deposit your salary in @OutletFinance, and immediately start earning 20% in @anchor_protocol
Refracting your $LUNA in @prism_protocol, borrowing off your $pLUNA in @EdgeProtocol to buy $LUNA2x on @Levana_protocol like a degen, and directing your $yLUNA towards buying new projects on @pylon_protocol gateway Image
Using @kinetic_money money to borrow against your $aUST balance in Anchor and have the loan pay itself back, and use those funds to towards a @Cephii1 rebalancer bot on @NexusProtocol Image
Arbitraging pools with $LUNA, $pLUNA, $bLUNA, $nLUNA, $cLUNA, $LunaX, and $LUNA2x to stack as much $LUNA as possible Image
Damn @terra_money is really about to be a money making machine. And these are just the low hanging fruits

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More from @WestieCapital

Mar 14, 2024
My thoughts on blobs

It's been one day since EIP-4844 was enacted, implementing data blobs and the ability for rollups to post their data at a significantly cheaper rate.

Did it live up to the hype? 🧵
So far, the only major L2s posting blobs in the first day were Starkware, zkSync, and OP Stack chains such as Mainnet, Zora, and Base.

Arbitrum just started posting theirs in the last few hours.
As of now the data looks extremely promising.

Zk rollups and Arbitrum are saving around 93% vs. calldata while OP Stack rollups are saving 99%.

A huge win for end users. Image
Read 13 tweets
Mar 1, 2023
Yes, Shanghai means a lot of ETH is being unlocked,

but how much of that will actually be sold on the market?

I'll give you my estimates below 🧵

(Hint: it's probably not as much as you're expecting)
1/ For an explanation of how withdrawals work, definitely read the following to get up to speed.

But here we will not be focusing on the exit queue, but rather on the amount of ETH we could expect to see hitting the market.
2/ I made a spreadsheet that walks through the calculation, and allows anyone to change around the numbers as they see fit.

If you just want the numbers, click the link, otherwise I'll give an explanation as to the assumptions that lead to my numbers.

docs.google.com/spreadsheets/d…
Read 26 tweets
Jan 16, 2023
App chains are ready to explode this year.

Yes, it will happen on Cosmos, but it won't be the only place we see their growth.

Let me explain... 🧵 Image
1/ Application-specific blockchains, also called app chains, were pioneered by Cosmos where rather than applications building on a generalized L1 or L2, they can instead build their own chain where they can customize different parameters of the L1 to better suit their needs.
2/ The primary benefits of building an application on an L1 is synchronous composability and ease of deployment; they have the ability to directly interact with, build upon, and utilize other applications on the network and deploy the code without added complexity.
Read 13 tweets
Jan 13, 2023
EigenLayer (@eigenlayer) is going to lead to an EXPLOSION in middleware development by the end of 2023, supercharged by ETH.

Don't believe me? I'll convince you... 🧵
1/ For those that need a refresher on what EigenLayer is and how it works, definitely give this thread below a read.

It essentially allows ETH stakers to “restake” their ETH into an Ethereum smart contract to secure other projects.
2/ These projects can really be anything, from new L1s, L2s and sidechains all the way down to oracles, bridges, and core infrastructure.

The possibilities with EigenLayer are essentially endless, as anything can simply bootstrap the security of staked ETH
Read 12 tweets
Jan 12, 2023
The Shanghai upgrade for Ethereum is currently targeted for this March. This will enable staking withdrawals for the first time since people began staking their ETH in 2020.

However, most people don't yet know how the exit queue works.

I'll walk you through it step by step 🧵👇
1/ Unlike other PoS networks like Cosmos that have a fixed withdrawal period for stakers, set at 21 days, Ethereum's is dynamic based on how many validators are exiting at a given time.
2/ Validators that are exiting the validator set must go through two stages: the exit queue and the withdrawal period.
Read 16 tweets
Nov 11, 2022
FTX is reported to have an $8B hole in their balance sheet based on liquid assets, an absolutely insane number.

I have a theory as to how it got that big:

FTX's liquidation engine broke down, leaving them and Alameda with huge losses

I'll explain below 🧵 (x/14)
* THIS IS JUST SPECULATION, FACTS ARE STILL COMING OUT *
1/ My original speculation, and likely the same thought as others, is that the large hole came from bad trades from Alameda

However, the reported $10B seems too high for bad trades alone. Most of their strategies were deltra-neutral yield farming or lower risk directional bets.
Read 16 tweets

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