There were mostly 3 ways to transfer money between FTX accounts in the last days, Twitter uncovered one of them (NFTs)

I will reveal the other two 🤯

/ thread / In the last days of the FTX saga there were people actively looking to buy&sell their FTX account balance. The objective?

option 1) Withdraw $ using a Bahamian KYC'd account (worked for very few, like Algod) - doesn't seem ethical to me 💀

....

Recently Solana has introduced Fee-based execution priority, this allows users to bump the fees beyond the vanilla rate (0.000005 SOL) and get priority in a block.

Who is currently using this feature? and why? Can you guess?

Let's find it out using @DuneAnalytics 🧵 The blue line below shows total daily lamports paid in fees (1 Lamport = 10^(-9) SOL)

The orange line shows total fees where users prioritize the tx.

It is barely noticeable, so let's check it as a % of total

Updated the stablecoin depeg bingo for the month of June with #flexUSD from @CoinFLEXdotcom

PS if you want to be added to this prestigious leaderboard you need >50M circulating supply flexUSD has currently 200M outstanding and trading at 0.87$

Let me show you the relationship between:

- #LUNA Foundation Guard sale of 1B USD of LUNA
- swap markets (and how to read them)
- "secret" VC deals

Time for a thread 🧵 The Luna Foundation Guard (LFG) has raised $1 billion through an over-the-counter sale of LUNA, the native token of the Terra blockchain.

As per the article Jump Crypto, 3AC, Republic Capital, GSR and others also participated

How do these deals work? Keep reading 👀

Here is how I made 6’400 USDC in the last 30 days by trading on @mangomarkets 🥭 with no directional risk.

I will explain you how to do this trade that market makers do not want you to know about 🤫

Time for a thread (or trade?) 🧵 The trade is called “funding arbitrage”, take out your notebook and follow me in the rabbit hole 🐇

First some definitions you need to understand the trade..

Yet another thread on DeFi Option Vaults (DOV)⚠️

Let me show you why you should never trust the UI. Most of the time you will see nice green APR but does that mean you are making money?

I deposited 50k USDC on @friktion to test it, see the results below 🧵 I deposited on the Cash Secured Put vault 50k USDC on the 4th of January and left it there for 4 epochs (1 month) for testing purposes.

What is a cash secured put?

DeFi is currently a $200bn+ market!

Current risk management systems tend to be either capital inefficient or altogether ineffective. Hacks happens everyday and they undermine the credibility of the overall system and prevents capital from flowing in.

How do we solve this? 🧵 We are building @VyperProtocol to bring tranching - a tradFi risk management concept - to DeFi

How does it work?✍️

Alice and Bob both deposit $50 to a lending protocol. Alice gives up part of the interest generated but Bob’s capital is impacted first if any hack/default happens

What are Saber wars inside #solana and how do they impact you? Time for a thread 🧵 What is @Saber_HQ first? Saber is an AMM that provides the liquidity foundation for stable pairs such as USDT/USDC

Here, I am exchanging 1M USDC -> USDT and paying only 7bps for it. Pretty good!

Olympus DAO is a ponzi scheme and deserves no place in crypto.

Sorry, but this is the harsh truth, I'll try to explain why below 👇 I am going to spend little time explaining what Olympus DAO is and focus more on its ponzinomics, because that’s what it is, a ponzi scheme, a pyramid. The structure of this thread is a series of rapid fire questions aimed at instilling sufficient doubt in the reader. 🧐

Following up on my previous post on leveraged yield farming, here are some thoughts and numbers 24hr later 👇

https://twitter.com/crypto_notte/status/1454955336067133443

@ApricotFinance has a nice UI which allows for a full breakdown of interests, both paid and received.

My position in SOL-USDT LP returned 6.11$ since yesterday, my mSOL deposited returned 0.06$, my borrowing cost for SOL is 2.73$ and for USDT circs 2.56$

Thanks to Sonar Watch it's really easy to monitor who are the address contributing the most, right now the following addresses put 40M USDC each:

-GjirmTYq3N2MepKgGiafFN6u294CT79cuek7p8fY3dY2
-3JricP2sfcuQ82tHJcnpgHXnCdrsAwFVShTBhth2LapH

https://twitter.com/solendprotocol/status/1455216784110411776

The two accounts do not have any other tokens, strange! It must be that the two accounts were crated just for the purpose of investing and deploying capital in Solend.

🚜🚜ATTENTION FARMERS🚜🚜

As promised, here is a tutorial on leveraged yield farming and what are the risks associated with it. Get ready, I will try to be concise although try to not miss the nuances.

🧵Thread below🧵 For the sake of this example I will use the @solana blockchain together with @ApricotFinance a recently created lending-protocol that I really like as they allow cross-margining (will explain more in detail later). I will farm on the @orca_so pool on the SOL/USDC pair.

What our crypto trading desk observed in the last week?
Some color on the most recent market movements and life 🧵 There were no significant changes in basis during the week, funding on perpetual swaps is still low, even negative in some cases.

Historically negative funding is associated with an excess of shorts which is a good signal for short term plays.

Some thoughts on DeFi from our desk on how to assess TVL and risks.

Time for a thread
👇👇👇

- 75% of all funds are still held inside ETH (110B$)
- 12% is held in Binance Smart Chain
- Polygon and Terra are fightning for the 3rd place
- Solana is 4th withonly 2B TVL Should we stop at TVL or can we dig deeper? Let’s dig deeper. Is it better to have 1B$ TVL on Solana or on Terra? All collateral is not equally good, some collateral is much better than others. For example on @FTX_Official , from a collateral POV, 1$ in BUSD > 1$ in BTC > 1$ BNB