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Marc “Billy” Zeller 👻 🦇🔊 Profile picture
@lemiscate
Jun 8 • 2 tweets • 1 min read • Read on X
People are largely unaware that the AAVE TVL is approximately 50% larger than Revolut’s AUM. (According to their 2024 annual report)

Current active loan size of Aave is also larger than all Revolut savings products balance.

@aave is their only serious option.
Source:

assets.revolut.com/pdf/annualrepo…

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More from @lemiscate

Marc “Billy” Zeller 👻 🦇🔊 Profile picture
Jul 25, 2024
Leveraging the introduction of Umbrella,

It’s time to upgrade the $AAVE role in our ecosystem.

Let’s explore this together:

governance.aave.com/t/temp-check-a…
Image
Protocol coverage paradigm shift.

With the adoption of Umbrella the “seize and sell” doctrine hurtful for peg, value and inefficient is replaced by a “seize and burn” doctrine using GHO and aTokens

For up to billions of coverage at controlled cost.
The Aave Liquidity Committee, strong of GHO experience, takes the lead on AAVE secondary liquidity with the deprecation of StkBPT

With the goal to automate the process as much as possible

Large efficiency increase is expected.
Read 11 tweets
Marc “Billy” Zeller 👻 🦇🔊 Profile picture
Apr 4, 2024
Every cycle, people re-invent the perpetual motion machine & think there's a free lunch.

Arbitrage opportunities are meant to be temporary; why would people accept to get cuck in sDAI for 13% when DAI itself is now backed by Ethena?

Just withdraw, dump, and eat the 60% yourself Image
Therefore, they will eventually need to increase the DSR yield to appease people.

This will eat their revenue and, more importantly, tighten the spread.

if there's a few week of shitty market and ethena yield goes down, it can drop below dsr.

That's when "the fun" start. Image
Then, x20 leverage is so sweet that when the spread is positive, it becomes x20 on the cost of maintaining position.

The below example uses "only" x12 leverage & bleed of 1% per day, so the position gets undercollateralized in less than a week. Image
Read 8 tweets
Marc “Billy” Zeller 👻 🦇🔊 Profile picture
May 8, 2023
"ETH transaction fees are too $$$!"

yeh that's the plan anon, a settlement layer is meant to settle things...

if you're not a millionaire, use scalability layers.

Here's 6 ways to access L2s without paying a dime of L1 gas 👇
case 1: you're a burger, have a coinbase account, buy 10$ of MATIC, buy USDC.
withdraw both directly on polygon network.

From there enjoy all defi with low tx fees.

Wanna explore elsewhere? use jumper.exchange to teleport gas elsewhere, then move your money there
Case2: you're european, use @monerium for instant SEPA buy EUR <> EURe

swap your EURe for xDAI, deposit your xDAI in @RealTPlatform RMM market for less than 0.01$ tx fee you're now earning 7.5% on your DAI.

wanna do something else? bungee.exchange, gas + money then out Image
Read 9 tweets
Marc “Billy” Zeller 👻 🦇🔊 Profile picture
Jan 30, 2023
Today's #Frenchchart is a preview of an arb opportunity allowed by Aave V3 emode.

To allow it :
V3 deployed ✅
rETH snapshot vote starts tmr 🔃
cbETH AIP this week 🔃
wETH interest rate new parameters vote start tmr 🔃

Read the next tweet for how it works & risks! Image
This strategy use leverage to benefit on peg deviation of two Liquid staking derivative cbETH (coinbase) (underpeg of ~2%) and rETH (rocketPool) (overpeg of 1%)

It leverages emode to increase position size and eat that derivation theoretically up to x10 (don't do max leverage)
The whole bet is when the shanghai upgrade is activated, LSDs will be arb back to peg.

This is what happened with others networks allowing unstaking such as Matic.

But nothing is guaranteed, and even if that works, it might take longer than you're comfortable holding.
Read 5 tweets
Marc “Billy” Zeller 👻 🦇🔊 Profile picture
Dec 8, 2022
probably not very wise for me to share, but as renBTC is sunsetting and TC is "ded"

here's a #frenchchart of one of the last available ways to get some privacy on-chain
reminder there are two levels of privacy:

"public" privacy -> just deposit to CeFi withdraw to new address, state, law and CeFi will know but not anon0x12456, don't think there's a legal issue here

general privacy -> use Bitcoin mixers, that goes from grey to straight illegal
I'm not a lawyer, do your own research, and don't be an idiot. If you use a mixer, stay there for a LONG while and exit slowly and in chunks.

privacy is a right I defend.

but the law is the law so make your own decisions.
Read 4 tweets
Marc “Billy” Zeller 👻 🦇🔊 Profile picture
Nov 6, 2022
the SBF x CZ drama makes me proud I didn't give any of them a dime of my volume in 2022.

Here's how u can enter 2023 without CeFI👇
Trading (I am no trader but if u vibes with it)

-@GMX_IO (up to x30 leverage on arbitrum)
-@GainsNetwork_io (same on polygon more assets)
-@1inch (best rates for token swaps)
-@paraswap (same)
-@Instadapp (staking loops)
-@DeFiSaver (directional trade & liquidation protection)
-@CoWSwap (MEV protection swaps)

Bringing assets cross-chain (think 1inch but for bridges)
- transferto.xyz (powered by @lifiprotocol)
- rango.exchange
Read 5 tweets

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