I'll also include my preferences when it comes to bridging too
Fees are based on bridging 1 ETH or equivalent in $ value.
Orbiter Finance @Orbiter_Finance
Fees - $3-5 (0.05% + withholding fee)
Time - Sub 30s
Support - Most L2 chains, (not L1's/NonEVM)
Also has no token - points mean prizes!
Circle CCTP via Bungee @BungeeExchange
Fees - $1, 0% slippage though!
Time - Slow, always 20-30 mins
Supports - Only USDC but the best way to transfer USDC anywhere!
1 million dollars and next to zero cost, I like this a lot even though it takes 20 mins
Across @AcrossProtocol
Fees - sub $1
Time - Quick, usually 1-2 minutes in my experience
Supports - Only 7 EVM chains, not the biggest variety
For a quick bridge not bad + if you use ref links, can make back some fees with ACX rewards
Portal (Wormhole) @wormholecrypto
Fees - Almost 0 (not including gas)
Time - Dependent on chain used (can be 10+ mins)
Support - Wide range of chains including Cosmos, Aptos, Sui & Solana
Terrible experience with wrappers.
You have to check if theres liquidity before bridging!
deBridge @deBridgeFinance
Fees - $3 + slippage and gas
Time - Sub 30 seconds
Support - Main EVM chains + SOLANA
They also have token swaps across chain too which is a game changer for me!
No token 👀
Stargate (LayerZero) @StargateFinance
Fees - $1-5 + gas
Time - less than 5 mins, sometimes long!
Support - wide range of EVM chains (but not all can transfer between each other which is annoying)
Rarely use this now given fees
Synapse @SynapseProtocol
Fees = $1-3, generally a little more slippage than other places
Time - 1-3 mins
Support - does support some niche EVM chains including Canto and Metis.
Not much for me to use and do here
Squid Router @squidrouter
Fees - generally pretty good, low
Time - Slow, 30 mins usually for me
Support - The best for Cosmos x EVM by far, the main way I get into/out of cosmos
Main bridge I use for Cosmos eco
To summarise my favourites:
For L2 - L2 bridges - @Orbiter_Finance because of low fees and speed
For stables (I use USDC typically) - @circle via @BungeeExchange is my favourite
Solana - @deBridgeFinance, so fast!
Cosmos - @squidrouter, only option
Thanks to @cryptoaioli and @563defi for helping with some of these too, good chads, go follow them.
Let me know if theres anything missing? What is your favourite?
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Anchor Protocol was one the most popular DeFi apps last cycle attracting tens of billions of dollars of deposits.
We have a better version now & it's called USDe by @ethena_labs
In this deep dive we will cover everything you need to know it & how it pays a REAL yield of 60% APY
In this thread we'll cover:
The issue with stablecoins today
What is Ethena
Where does the yield come from?
Mechanics
USDe v Other stables
Investors
Commonly asked Questions
Wen Token? Airdrop farming
Bull Case
Bear Case
3/ Lets start with the issues we have with stables today
- Fiat backing - Like USDT/USDC
- Not resistent to inflation - Most stables
- Centralisation
- The ones that earn yield are TradFi dependent - Like DAI and FRAX
- Lack of governance
- Peg issues (CDP stables)
- Low yields
Trader Joe pools currently offer massive triple digit yields.
Lets learn about @TraderJoe_xyz liquidity book and how can you benefit!
2/ Trader Joe like Uniswap offer concentrated liquidity with the constant sum formula rather than constant product, so that users can define the specific price ranges they want their liquidity to be active within + have zero slippage!
TJ have many other features, lets explore!
3/ One of these is its liquidity book which enables zero slippage trades. This is all due to a feature known as liquidity bins.
These are domains of liquidity within a price range that you can customise to your choosing.
What are DAI and FRAX?
Backing
Yields + Source
Revenue
Future
FXS v MKR
My Personal Thoughts
3/ Maker and Frax are 2 of the leaders in the DeFi space.
What do they even offer?
Maker offer the $DAI stable coin, an overcollateralised decentralised stable coin.
Frax offer the $FRAX stable coin, a decentralised stale coin + a range of financial products built around it
Crypto Narratives and trends emerge from Primitives. Spot them early, and you could end up making life changing gains.
@hmalviya9 and I went all in, investing over 100 hours of research, to hook you up with the ultimate list of the top 15 DeFi primitives, with examples.
1. Ethereum Re-staking
Ethereum Restaking is the hottest DeFi primitive of this year. It offers crypto-economic security to middleware services and new chains by harnessing the staked supply of Ethereum.
This is achieved through allowing validators to restake within a set of smart contracts referred to as restaking contracts. Validators can earn additional rewards by restaking their ETH to support those in need of bootstrapping economic security.
Some solid stable coin yields on the largest @zksync DEX. Get farming + get some zksync activity on your wallets! Pretty decent yields + crvUSD is here which is nice.