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Spectra Profile picture
@spectra_finance
Mar 19 • 1 tweets • 1 min read • Read on X
1,750,000+ fresh stXRP @Firelightfi units deployed on Spectra past 24h

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More from @spectra_finance

Spectra Profile picture
Mar 4
Introducing Flare XRP Yield Prime MetaVault for the @FlareNetworks ecosystem, curated by @GamiLabs

Get started with FXRP & stXRP
→

Automated and optimized XRP yield, rFLR rewards & more. Explore ↓ app.spectra.finance/metavaultsImage
A single-entry point for liquidity providers (LPs) to the XRPFi universe via Spectra.

Optimized and automated yield capture, designed so LPs can stay positioned across pools and assets without manual oversight.

All destinations are onchain and transparent.
Facts: stXRP yield trading activity on Spectra is vibrant, liquid, and growing.

Read 5 tweets
Spectra Profile picture
Jan 8
stXRP from @Firelightfi is on Spectra!

A liquid staking token for XRP that brings the asset into DeFi via @FlareNetworks.

Access Principal & Yield Tokens, the stXRP Pool, and Firelight Points exposure ↓ Image
Pools power Spectra products.

Liquidity providers get exposure to swap-fee mechanics while maintaining a balanced market outlook, along with additional yield sources tied to pool activity and rewards such as Firelight Points.

Discover Pools:
app.spectra.finance/pools?networks…Image
Amplified exposure to stXRP.

Example: Pay 10 stXRP to receive earning power equivalent to holding 100 stXRP, amplifying exposure to yield or points programs.

Discover the tool:
app.spectra.finance/trade-yield?ne…Image
Read 4 tweets
Spectra Profile picture
Jun 27, 2022
Monday thread: The case for the new DeFi paradigm

1/ @DefiLlama lists 1000+ interest-bearing tokens: defillama.com/yields

Unlike on CMC/Coingecko, these tokens have no price tags.

Here, APY is the key indicator users check on and only a few realize the juicy opportunity:
2/ Why APY is such a big deal?

Until recently, traders on CEXs / DEXs have been particularly focused on the evolution of assets' value (mainly denominated in fiat/btc/eth).

In other words, price speculation is what currently drives most of the trading volumes in crypto.
3/ Just like the value of an asset, APYs can fluctuate too depending on market conditions.

This is the land of new opportunities.

The chart below illustrates the TVL & APY evolution (red) of @compoundfinance's interest-bearing token: $cUSDT

Pay attention to the red line:
Read 9 tweets
Spectra Profile picture
Jun 23, 2022
A token that goes up only in value?

Meet interest-bearing token [iBT]- a powerful token type utilized by a handful of DeFi wizards.

1/ Dive into the origins of iBTs, how they are created, and how to become a DeFi wizard 🪄 by unlocking all their powers.

🧵 👇
2/ First, a little bit of DeFi history.

In the early stage of decentralized lending, users who wanted to lend money to earn interest had to deposit funds into smart contracts with a locking period.

Ex: You deposit $1000 DAI that can only be redeemed with interest in >3 months.
3/ This model was highly capital inefficient and far from liquid.

In 2019, @compoundfinance first introduced iBTs of their own, called cTokens e.g., $cDAI

They represent the assets locked in their system - allowing redemption of funds anytime, without the need for the time lock
Read 12 tweets
Spectra Profile picture
Jun 10, 2022
$ 660,000,000,000,000

This is the ~ size of the interest rate derivatives market in TradFi.

It’s the biggest derivatives market in the 🌏

Most of them are traded OTC. No access for normies.

Good news? APWine is disrupting that market in DeFi.

Here's how 👇 A thread 🧵 Image
1/ First, interest-rate derivatives are nothing new.

The 1st interest rate swap occurred between IBM and the World Bank in 1981.

Since then, this derivative market has kept soaring, with OTC trading constantly reaching new ATHs.

Most of it is not accessible to regular people. Image
2/ Second, why are suits on Wall Street and beyond so crazy about interest rate derivatives?

What makes them so desirable?

Pillar answer is: they offer stability and hedge desired by all market participants from institutional investors, banks, companies, to individuals. Image
Read 8 tweets
Spectra Profile picture
Dec 14, 2021
Winemakers, welcome to the first Winelisting event!
This marks the launch of the APWine Governance, live on app.apwine.fi/governance 🏛

This first event will allow the top pools to be listed on APWine on V1 launch and be eligible for APW incentives.

Get your voice heard 🧵⬇️
1/3) Along with the initial governance system comes Vote-escrowed APW. You can lock your APW for any duration from a week to 2 years to increase your voting power.
For this first Winelisting, Tokemak tAPW and LP positions on Sushiswap are eligible for smaller voting weights.
2/3) A total of 5 pools on Mainnet and 3 pools on Polygon will be retained at the end of the vote to be listed through 90-day futures on APWine at launch. Users will be able to trade future yield on those pools, with incentives live from day one on our dedicated AMM.
Read 5 tweets

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