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RšŸ½ter Profile picture
RšŸ½ter
@0xrooter
founder of @save_finance and @suilendprotocol. engineer, builder, shitposter.
Nov 4, 2024 ā€¢ 8 tweets ā€¢ 2 min read
.@springsui_ launched last week and it's a GAME CHANGER for sui DeFi.

why?

1. it solves LST depegging
2. it standardizes LSTs to simplify integrations
3. it's ushering a cambrian explosion of LSTs on sui

let's dig in.

1/8 Image springsui introduces instant and unlimited unstaking. in other words, infinite liquidity.

it eliminates one of the biggest risks for LSTs, depegging.

since sSUI can be instantly unstaked, risk-free arbitrage pegs the value 1:1.

this is only possible on sui.
Apr 24, 2024 ā€¢ 10 tweets ā€¢ 4 min read
this was not a black swan event.

and itā€™s barely a tail event. at this point, LST depegs are run-of-the-mill, happening every couple of weeks.

in this thread I cover what happened, why good trades go bad, and how LST risk management should be approached.

1/10 Image ezETH is @RenzoProtocol's liquid restaking token (LRT) for eigenlayer.

it's also a magnet for points, allowing farmers to stack incentives. renzo experienced hockey-stick growth from zero to $3B in TVL in just 4 months.
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