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Aug 2 • 4 tweets • 2 min read
🏆Competition time! Below is the last question. Answer it + the other three before Friday, Aug 5th!

Question #4: Which of the following should be a priority for Sense? Why?
1) Cross-chain
2) Education for newbies
3) Community development
4) Moar assets
5) Other

Rules👇1/4
Rules:
- must quote tweet the question
- tag @senseprotocol
- add #SenseShift
- tag 3 friends
- max of 3 tweets for threads

2/4
Get your creative juices flowing and answer with:
1. Originality
2. Creativity
3. Additional content (infographics)

For a chance to win the following rewards!
- A POAP for top 30 entries
- A Sense discord role for the top 5 entries

LFGGG 🚀

3/4
If you missed the other questions, here they are!

Question 1:

Question 2:

Question 3:

Get those answers in before Friday! 🫡

4/4

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More from @senseprotocol

Sense Finance 🌌 (is hiring) Profile picture
Aug 3
1/ ✨ATTENTION SENSE USERS✨

We are releasing an improved wstETH adapter!

YT, PT, and LP holders, it’s time to:
(1)💸Get Paid💸
(2)✈️Migrate Positions✈️

Migrate ALL POSITIONS here:
app.sense.finance/eth-mainnet

Read on to learn how to migrate/why we made the new adapter👇🧵
2/ The how:

Go to your portfolio page on the Sense portal, exit all positions for the current wstETH adapter, and re-enter in the new adapter.

app.sense.finance/eth-mainnet
3/ The why:

One of the price feeds used by the now deprecated wstETH adapter was stale.

🔐No user funds were at risk at any point🔐

This price feed problem could only slightly affect the scale factor which impacts PT claims and YT collection amounts. Post mortem to follow.
Read 11 tweets
Sense Finance 🌌 (is hiring) Profile picture
May 19
The Web3 Yield Curve is Live

As a public good, Sense has launched zero issuance fee contracts to create fixed rates on wstETH and generate a yield curve

2mo, 6mo, 1yr, 5yr

What does that mean, and what should you do about it?

app.sense.finance/eth-mainnet

1/x
Ethereum is the central protocol of Web3, ETH is its currency, and the Merge is coming.

With staking rewards, the network provides an equivalent to the “risk-free rate” (RFR) in traditional economies:

Yield supplied by the printer of the currency.



2/x
These fully backed, fixed maturity equivalents of staked ETH create a yield curve that can function for the Ethereum economy the way the treasury yield curve does for the US economy.

Users can speculate on what the RFR will do over time, and/or lock in fixed returns.

3/x
Read 7 tweets
Sense Finance 🌌 (is hiring) Profile picture
Mar 9
📣5 Use cases in 5 Days: Day #3

The yields are too darn low!

What if you think the yield of an asset like $stETH will be way higher than the fixed yields on Sense?

You can take a position in Yield Tokens and profit if you’re correct.

So...What are Yield Tokens (YTs)? 🧵👇
Sense creates tokens called YTs, which:
1) Begin w/ “sY”
2) Collect the *YIELD* from 1 underlying (eg $ETH) of the target 🎯 (eg $stETH) before maturity
3) Aren’t worth anything after maturity

Let’s use our pricing example from earlier this week
If sP-wstETH:01-06-2023 = 0.98 ETH,
then sY-wstETH:01-06-2023 = 0.02 ETH.

This is because 1 Yield Token + 1 Principal Token are equivalent to 1 Underlying ( $ETH) worth of Target ( $stETH).

0.98 + 0.02 = 1 ETH. Easy.
Read 10 tweets
Sense Finance 🌌 (is hiring) Profile picture
Mar 8
As we tweeted yesterday: Sense is launching on mainnet next week!

So it’s time for 5 Use Cases in 5 Days #2! 🔥

How to earn Stablecoin Income on $ETH

Maybe you had a great year stacking gwei:
Your ETH bags are swollen, and you want to live a little.
but you don’t want to sell down your $ETH.

No problem.
Let’s use the same pricing environment as yesterday:

1 sP-wstETH:01-06-2023 = 0.98 ETH

Read 8 tweets
Sense Finance 🌌 (is hiring) Profile picture
Mar 7
We are launching on mainnet next week!
Time to start 5 use cases for Sense in the next 5 days.

Maybe you love wstETH, but would rather know what your APY will be?

Let’s talk about getting a fixed APY 🔒 from your staked ETH 👇  1/x

Sense creates tokens called Principal Tokens.
These always:

(1) Have names starting with “sP”
(2) Convert 1:1 for an underlying token at maturity
(3) Trade at a discount to the underlying before maturity

Here, your “underlying” is ETH — and wstETH is called your “target”🎯 2/x
1 sP-wstETH will always cost less than 1 ETH before its maturity.

Now, the sP-wstETH expiring in June costs 0.98 ETH.

For each ETH of wstETH, you can go to the Sense Space Pool and buy 1.02 sP-wstETH.

If you started with 100ETH, you get 102 sP-wstETH. (3/x)
Read 6 tweets
Sense Finance 🌌 (is hiring) Profile picture
Dec 17, 2021
Introducing Sense Space 🌌 , the safest and most capital-efficient AMM for fixed-yield assets in DeFi. 1/x
medium.com/sensefinance/i…
Sense allows users to decompose yield-bearing assets into their principal and yield components, and package them behind two fixed-term, maturing assets, a Zero, and a Claim. Zeros are fixed-yield assets, and Claims are yield-only assets. 2/x
Sense Space is a Zero/(yield-bearing-asset) AMM Pool built on @BalancerLabs V2. Each series has a unique Space, and all Zero & Claim trading utilizes its liquidity. 🤯3/x
Read 10 tweets

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