Seraphim Profile picture
Head of Taking Risk | DeFi Expansionist at @lidofinance | Ambassador at @vertex_protocol
Jerome Ku Profile picture 1 subscribed
Jan 18, 2023 8 tweets 5 min read
Big update on @eulerfinance: cbETH is now finally a collateral asset!

Let's dive in on how you can trade @coinbase's cbETH on Euler

🧵 1/7 Image Since release, cbETH has steadily gained market share from Lido and other projects. It saw steady volumes on both @coinbase and DEXes, and was able to secure a @chainlink oracle.

This makes it finally feasible to integrate into a lending protocol like @eulerfinance

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Nov 4, 2022 16 tweets 8 min read
Should cbETH by @coinbase be collateral on @eulerfinance? Provided liquidity risk is mitigated, I think YES. Why?

🔼 It would let cbETH lenders to earn additional APY
🔼 Let DeFi users trade cbETH/ETH and cbETH/stETH in an ultra capital efficient way

Let's dive in 🧵 1/16 First of all, why cbETH by @CoinbaseAssets?

@coinbase is a huge validator. There is enough staking on Coinbase to allow their ETH stakers to mint 1bil+ of cbETH that can be taken into DeFi.

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Jun 29, 2022 13 tweets 21 min read
New proposal on @eulerfinance to allocate treasury $ to EUROC by @circlepay and WETH.

The funds are intended for strengthening @Uniswap oracles and laying the foundation for onchain EURUSD FX trading powered by Euler and Circle.

Let's discuss the proposal and onchain FX 🧵 1/13 @eulerfinance @circlepay @Uniswap EUROC by @circlepay will launch soon and has the potential to become as big as USDC. To get there, it needs two things:

🔺 Good onchain liquidity
🔺 Strong decentralised oracles.

Should eTP1 pass, @eulerfinance could contribute to strong oracles.

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Jun 21, 2022 13 tweets 19 min read
Recent market volatility highlighted why it's crucial that collateral assets are extremely liquid.

In response to market conditions, there's a new proposal to adjust LTVs for UNI, LINK and MATIC on @eulerfinance

Let's dive into risks this is trying to avert

1/13 🧵 @eulerfinance While @eulerfinance performed extremely well during market vol, one cannot be complacent. Recent news around @CelsiusNetwork and @3arrowscap highlight hidden systemic risks.

In fact, poor risk choices can lead to teams taking untenable positions

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