How to yield farm 54% APY on @Backpack right now.

- Deposit 1 SOL ($181.31)
- Enable auto lend
- Buy 0.01578 BTC ($1,845.92) on spot-margin using SOL as collateral
- The spot-margin buy will trigger a $1,845.92 USD borrow
- Short 0.01578 BTC-PERP ($1,845.92) using that same SOL as collateral

This yields

- 1 SOL spot lend @ 5.4% => $9.79074
- $1,845.92 BTC spot lend @ 0.07% => $1.292144
- $1,845.92 BTC-PERP funding rate @ 10% => $184.592
- $1,845.92 USD borrow @ 5.3% => -$97.83376

That's

(9.79074+1.292144+184.592-97.83376) / 181.31

=>

54%

Although funding rates and lending rates are variable-- could be less, could be more--all yield is real, organic, delta neutral, and with no subsidies. And on top of the 54%, you automatically earn points.

🧱 @Backpack (And if rates go negative, just flip the direction of spot and perps, which you can do on spot-margin.)

Reflecting on one year into Mad Lads.

How to build community.

❤️ These days, "community" is such a buzz word that it's become almost meaningless. If you take a look at the ever growing graveyard of communities, it's tempting to write them off as ponzis and a total distraction (indeed, many have asked me to give up on Mad Lads).

Ok so wtf is @MadLadsNFT Soul Abstraction?

The guide: But first, the TLDR.

Soul Abstraction allows you to permissionlessly airdrop *arbitrary* protocols/assets onto an NFT without getting rugged *while* keeping that protocol/asset aligned with the NFT community as whole.

So WTF are xNFTS? X stands for eXecutable—tokenized code representing ownership rights over its execution. The idea is simple, so simple it’s a bit surprising no one has done it yet. But it’s as simple as it is powerful, and we think it’s going to change everything.

Meet Coral. The WAO Company.

@0xCoral Today I’m excited to bring into the world our company, Coral, the new home for @anchorlang, apr.dev and so much more.

.@ProjectSerum just released Permissioned Markets on @solana.

A brief introduction for non-shadowy supercoders.

❤️ (I was told to write a blog post, but I'd rather code, so this is my way of compromising.)

Rust quiz.

Convert `Vec<Vec<Vec<u8>>>` into `&[&[&[u8]]]` in a single expression. (I have failed this)

Some more tips for developing secure programs on Solana.

https://twitter.com/armaniferrante/status/1411572983617888258

If I had to give one piece of advice to a new Solana dev, it would be to internalize the following type alias.

```
type UnsafeAccount = AccountInfo;
```

Accounts given to a program can't be trusted, and can be a major source of problems if not handled correctly.

A simple Anchor tutorial. 👇

https://twitter.com/cyrii_MM/status/1395111687766822919

First install all required dependencies. project-serum.github.io/anchor/getting….