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12 Nov
1/๐Ÿ‡ DeFi Pulse Drop: @NotionalFinance ๐Ÿ‡

Want to see a real-world use case for #crypto fixed rates?

Imagine a fintech app like Wealthfront hooking up their vast user bases to fixed rate products, with notional.finance fixed rates providing the yields under the hood...
2/ This is the future of fixed rates!

Whether you want fixed rates for your own portfolio, these stable rates move #DeFi forward, which benefits EVERYONE.

The ability to plan future cash flows / calculate capital costs for the long-term = new use cases, new users.
3/ What comes next then?

Maybe protocols & #DAOs use fixed rates to borrow against their treasuries to fund operations & expansion!

This is but a taste of whatโ€™s to come, & soon enough Notionalโ€™s fixed rate pools with deep liquidity may become base infra for fueling DeFi.
Read 6 tweets
8 Nov
1/๐Ÿ‡ DeFi Pulse Drop: @NotionalFinance ๐Ÿ‡

Notional V2 is bringing fixed-rate borrowing & lending to the fore of DeFi.

A key innovation behind this rise? nTokens!

Hereโ€™s what nTokens are & how you can use them to level up in DeFi ๐Ÿ‘‡

notional.finance/provide Image
2/ Notionalโ€™s users borrow & lend via the protocolโ€™s native liquidity pools.

As such, liquidity providers (LPs) are central to Notional. Yet the projectโ€™s V1 system required LPs to *actively* manage their positions.

Hereโ€™s where Notional V2 nTokens come in!
3/ nTokens are high-yield, low-touch ERC20 LP tokens.

โœ… They optimize for interest via underlying deposits of Compound cTokens, e.g. nDAI via cDAI.
โœ… They offer LPs a fully passive experience. No active management required! Image
Read 7 tweets
7 Oct
1/ ICYMI weโ€™re doing scaling week at DeFi Pulse and today weโ€™ll be talking about BRIDGES!

Do you know about the different approaches to bridging assets?

Join us for an informational thread!
๐ŸŒ‰๐ŸŒ‰๐ŸŒ‰๐ŸŒ‰๐ŸŒ‰๐ŸŒ‰
2/ Letโ€™s start with some basics:

When you transfer assets to a scaling solution, youโ€™re interacting with a minimum of three protocols:
๐Ÿ“ซThe base chain
๐ŸŽฏThe target chain
๐ŸŒ‰The bridge

In this txn, your assets are only as safe as the weakest link!
3/ In other words, if youโ€™re bridging from Protocol A with 1000 nodes to Protocol B with 300 nodes, but the bridge is controlled by 3 people - you might as well be reading CeFi Pulse!
Read 13 tweets
24 Sep
Making a seamless user experience is the name of the game for Oasis (@oasisdotapp).

Today weโ€™ll be highlighting some of the really cool features that Oasis has built into their $DAI wallet to make our lives easier.

๐Ÿงต A short thread ๐Ÿ‘‡
๐Ÿ’ฐ Everyoneโ€™s path into crypto has to start somewhere and for most of us that means going from fiat to crypto.

Oasis has integrated Latamex, Moonpay and Wyre so that you can buy $DAI and $ETH directly from your mobile or pc.
๐Ÿ‘œ Ok, but what if you still need a wallet? They seriously couldnโ€™t make this any easier.

Oasisโ€™s integration with Magic means that you donโ€™t need to setup anything before - enter your email and start banking with Oasis.
Read 7 tweets
23 Sep
1/๐Ÿ‡DeFi Pulse Drop: @oasisdotapp ๐Ÿ‡

Oasis, DeFiโ€™s most popular gateway to $DAI, has a powerful new feature! ๐Ÿ”ฅ

Multiply is a resource for oasis.app users to leverage up to 3x their crypto, e.g. $ETH, with only 1 tx. ๐Ÿคฏ

Want automated leverage? Hereโ€™s how ๐Ÿ‘‡๐Ÿงต
2/
๐Ÿ’ปGo to oasis.app,

โœ…Connect + verify your wallet,

๐Ÿ“ฅClick on a Vault depending on the collateral you want to leverage.

Maker supports $ETH, $WBTC, plus many others.
3/
๐Ÿ“ŠPress โ€œMultiplyโ€. Youโ€™ll arrive at a dashboard to configure your leverage.

๐Ÿ’ฒInput how much collateral to deposit + choose the leverage you want.

โœ…Confirm your position, then select โ€œCreate Vault.โ€

๐Ÿ”ฅFire off a deposit tx and youโ€™ll be leveraged long on your crypto! Image
Read 6 tweets
11 Jun
1/ The cryptoeconomy is increasingly becoming a cross-chain ecosystem where users want great DeFi services on multiple blockchains and scaling solutions simultaneously.

That's why @BreederDodo chose an โ€œall of the aboveโ€ multi-chain deployment strategy. defipulse.com/blog/dodo-multโ€ฆ
2/ To successfully achieve its strategy, DODO is integrating with layer-one chains (independent blockchains like Ethereum and Polkadot), layer-two chains (scaling solutions like Arbitrum that are secured by the L1s they support), and sidechains.
3/ For DODO, the name of the game is to bring its PMMโ€™s advantages to as many people as possible by deploying its liquidity to a range of viable DeFi-centric chains.

To name a few, DODO is ready on Arbitrum's rollup L2 and continues to work with Polygon and Polkadot's Moonbeam.
Read 5 tweets
11 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #22: @DeFiSaver ๐Ÿ‡

The UI/UX of DeFi Saver's Recipe Creator streamlines the experience of using #DeFi by reducing what can often be a tedious process down to a single transaction.

๐Ÿค”๐Ÿค–๐Ÿง‘โ€๐Ÿณ Now imagine what you could do if you could automate your recipes...
2/ Every DeFi user has imagined at one point or another how cool it would be if you could automate some task you were doing in DeFi in just a few clicks. ๐Ÿ’ญ

With Recipe Automation on DeFi Saver's roadmap, that future may be here sooner than you think.
3/ Recipe Automation is just one stop on DeFi Saver's roadmap filled with new features, integrations, and further UI improvements.

Consistent updates are key to DeFi Saver's goal: to be your one-stop dashboard for creating, managing and tracking your DeFi positions.
Read 7 tweets
10 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #22: @DeFiSaver ๐Ÿ‡

DeFi Saver is loaded with features designed to save you time, effort and most importantly gas.

DeFi Saver UI + Recipes + Liquidation protection (Automation) = a yield farmer who works smarter, not harder

Let's break down this equation..
2/ DeFi Saver's UI makes it simple to open, close, and manage loans as well as stake or harvest protocol rewards from popular lending protocols like Maker, Compound, Aave and Reflexer in one place.

Not to mention, you can easily shift loans to the market with the best rates...
3/ With DeFi Saver's Loan Shifter, you can shift your position between protocols or change your collateral and debt assets in just a few clicks.

This tool reduces these complex operations down to a single transaction and saves you time and money by utilizing flash loans.
Read 9 tweets
9 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #22: @DeFiSaver ๐Ÿ‡

๐Ÿง‘โ€๐Ÿณ Recipes aren't just good for cooking, they're great for farming. ๐Ÿง‘โ€๐ŸŒพ

DeFi Saver's Recipe Creator paired with the Simulation Mode feature allows you to plan and test yield farming strategies before ever committing funds to execute it.
2/ Say you want to create a @reflexerfinance Safe, generate RAI, swap half of the generated RAI into ETH and deposit those into Uniswap v2 to farm FLX rewards.

You can create a recipe performing all these steps in one transaction, saving you the time of performing each step. Image
3/ Or maybe you just want to test out the recipe.

Simulation Mode let's you understand the look and feel of yield farming and other DeFi activities without having to spend ETH.

Simulation Mode forks at the current block allowing you to test recipes in current market conditions.
Read 7 tweets
8 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #22: @DeFiSaver ๐Ÿ‡

Much like how it doesn't take a chef to follow a recipe, anyone can cook up complex #DeFi transactions with DeFi Saver's Recipe Creator.

Performing multiple actions on many protocols in a single transaction is as easy as drag-and-drop.
2/ DeFi Saver's recipes make some of the most powerful tools like flashloans available in DeFi accessible to anyone.

Flashloans let you borrow large amounts of crypto without collateral so long as the debt is paid back within the same transaction.
3/ Previously flashloans and the ability to string together a series of actions in a single transaction were only for the most technical DeFi experts.

But now DeFi Saver's Recipe Creator makes it simple and safe with their audited, reputable, and user-friendly infrastructure.
Read 7 tweets
7 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #22: @DeFiSaver ๐Ÿ‡

Ever thought of a clever way to string together #DeFi apps but didn't know how to execute the idea?

Or maybe you want to save time by performing multiple actions at the same time.

Meet DeFi Saver's Recipe Creator bit.ly/2T3ULEI
2/ DeFi Saver's new Recipe Creator is a transaction builder interface for creating and executing "recipes."

๐Ÿง‘โ€๐Ÿณ With the Recipe Creator, you can build complex transactions interacting with multiple DeFi apps to use flashloans, borrow, lend, swap, and more in a single transaction.
3/ Now anyone can become a DeFi superuser wielding an arsenal of powerful protocols and tools with only a few clicks.

Simply drag and drop actions in the order you want them and DeFi Saver handles the rest, executing your recipe in a single transaction.
Read 6 tweets
4 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #21: @IntegralHQ ๐Ÿ‡

As you likely know, liquidity providers can suffer Impermanent Loss when the price of one token in a 50/50 AMM pool is more volatile than the other.

But sometimes this loss isn't as temporary as the term implies, let's examine why...
2/ Say you provided liquidity $ETH / $USDC to a typical AMM pool this time last year when ETH was worth $243.

As the price rose, arbitrageurs bought and profited off your ETH, leaving you with USDC.

This loss is only impermanent if the price of ETH returns to the same level.
3/ For this reason, Integral argues it could be called "Pool Leak" instead of impermanent loss.

Integral further contends it's better to simply prevent the loss from happening in the first place.

But how do you mitigate impermanent losses from sure-profit trades? A Trade Delay.
Read 9 tweets
3 Jun
1/ ๐Ÿ‡ DeFi Pulse Drop #21: @IntegralHQ ๐Ÿ‡

Imagine a liquidity pool like a magic Hot Pot with 2 flavors of soup: $ETH and $LINK.

This magical Hot Pot can convert LINK soup to ETH and vice versa.

As long as the conversion rate (price) is fair, the pot maintains its tasty ratio. Image
2/ Some traders will take a bowl of $LINK soup so now you have more $ETH soup.

And then, a few more traders come and take some ETH soup so now you have more LINK.

Each time, they give a little back to the pot for these conversions (similar to trading fees)...
3/ There may be more or less of one flavor shifting the pot or pool ratio in what's known as Cyclical Imbalance but the pot should stay tasty as long as conversions happen at a fair rate between the two soups.

So what happens when the soup conversion rate or price isn't right?
Read 9 tweets
5 Mar
1/ ๐Ÿ‡ DeFi Pulse Drop #19: @sirenprotocol ๐Ÿ‡

No one can escape time, not even options.

Theta or time decay refers to the reduction in value of an option as the time to the expiration date nears.

SIREN AMM v2 mitigates theta decay loss using a Black-Scholes model for pricing.
2/ Two factors determine the price of each trade: spot price and slippage.

The spot price is determined using a Black-Scholes model, taking into account parameters like underlying price, time to expiration, option strike and implied volatility, coupled with a Chainlink oracle.
3/ Similar to other AMMs, trades will be impacted by slippage based on the size of the trade and available assets in the pool.

In other words, the larger the trade relative to the size of the pool, the higher the slippage. This slippage benefits liquidity providers of the pool.
Read 5 tweets
4 Mar
1/ ๐Ÿ‡ DeFi Pulse Drop #19: @sirenprotocol ๐Ÿ‡

Options traders have come to rely on tools in traditional finance that were refined over decades.

And with options being fairly new to DeFi, SIREN aims to fill a niche by building a platform suited for sophisticated options traders.
2/ To make full use of SIRENโ€™s design which allows traders to easily swap options in and out in order to build complex positions, options traders need the necessary information to properly assess those positions.

This is why SIREN's UI displays the greeks for each option.
3/ Option "Greeks," named after the Greek letters that denote them, measure risks associated with a position.

If you're new to options, you may find this helpful for becoming familiar with greeks. investopedia.com/trading/gettinโ€ฆ
Read 8 tweets
3 Mar
1/ ๐Ÿ‡ DeFi Pulse Drop #19: @sirenprotocol ๐Ÿ‡

Liquidity providers play a critical role in SIREN protocol as passive underwriters enabling traders to swap in and out of options positions.

Their liquidity is used to mint bTokens and wTokens, both sides of an options contract.
2/ SIREN's AMM can trade up to 6 SIREN options contracts which all share collateral and payment assets in a single pool.

As contracts expire the AMM uses its held wTokens to claim the collateral and/or payment locked inside options markets back into the pool.
3/ This means that liquidity providers are never required to manually roll over their assets when contracts expire making them passive underwriters.

SIREN is designed with a few key incentives to ensure the protocol has sufficient liquidity to meet options traders' demand.
Read 7 tweets
2 Mar
1/ ๐Ÿ‡ DeFi Pulse Drop #19: @sirenprotocol ๐Ÿ‡

On SIREN Protocol, both the long and short sides of an options contract are represented as ERC20 tokens.

This allows traders to swap in and out of options positions on both sides and build complex portfolio positions via SIREN's AMM.
2/ It starts off with Liquidity Providers depositing collateral into the SIREN AMM pool. So for WBTC/USDC calls, the collateral would be WBTC.

When a trader goes to buy options from the AMM, the collateral held within the pool is used to mint a pair of tokens: bToken and wToken.
3/ bTokens or buyTokens are sent to the buyer and gives the holder the right to purchase or sell the underlying asset at a predetermined strike price.

Users pay a premium to the pool in the collateral asset each time they make a trade which incentivizes liquidity providers.
Read 7 tweets
1 Mar
1/ ๐Ÿ‡ DeFi Pulse Drop #19: @sirenprotocol๐Ÿ‡

Options trading has become popular as it becomes more accessible. On-chain options will become an important building block as DeFi matures.

SIREN has built an options trading UX catering to sophisticated users. defipulse.com/blog/siren
2/ This nautical-themed on-chain options marketplace launched its alpha release in December 2020 and is about to embark on the next chapter of its journey with SIREN Markets launching on mainnet today.
3/ SIREN protocol tokenizes both the long and short sides of an options contract as ERC20 tokens which enables options to be traded via its AMM.

In other words, SIREN doesn't require a third-party settling mechanism or order matching to complete option settlement on-chain.
Read 6 tweets
1 Feb
1/ ๐Ÿ‡ DeFi Pulse Drop #15: Alpha Homora V2 ๐Ÿ‡

Meet the new Alpha Homora V2 set to launch on Feb 1st.

Improving on @AlphaFinanceLab's popular yield farming product, V2 supports more AMM protocols and yield farming with up to 9x leverage on select pools. defipulse.com/blog/alpha-homโ€ฆ
2/ Gone are the days when yield farming AMM pools with leverage meant managing loans across several lending protocols in a risky position that was difficult to unwind.

Using Alpha Homora V2 makes this process a lot simpler and helps minimize the risks involved.
3/ With Alpha Homora V2, users can borrow multiple assets, re-leverage, and deleverage their positions easily in just a few clicks.

You donโ€™t even need to have equal value of both tokens in order to yield farm. Alpha Homora V2 handles any borrowing and swapping for you.
Read 8 tweets
30 Jan
1/ ๐Ÿ‡ DeFi Pulse Drop #14: @snow_swap ๐Ÿ‡

What does the future hold for SnowSwap?

โ›„๏ธ Its self-proclaimed army of โ€œWhite Walkersโ€ is growing with new dedicated communities launched for its SnowSwap users in:
๐Ÿ‡ง๐Ÿ‡ฉBangladesh,
๐Ÿ‡ป๐Ÿ‡ณVietnam, and
๐Ÿ‡ฎ๐Ÿ‡ณIndia.
2/ SnowSwap continues to make strides towards major partnerships having had Quantstamp review its smart contracts.

Many in the SnowSwap community are also excited about the recent announcement that 1inch is integrating SnowSwap's liquidity pools.
3/ SnowSwap pools will likely see increased trading volume from DEX aggregators and earn more trading fees for liquidity providers as a result.

Apparently, thereโ€™s more brewing behind the scenes. SnowSwap tells us that they have 5 major partners that they plan to reveal soon.
Read 5 tweets
29 Jan
1/ ๐Ÿ‡ DeFi Pulse Drop #14: @snow_swap ๐Ÿ‡

The SnowSwap Foundation will invest in projects which add value to the SnowSwap ecosystem to support community experimentation and encourage innovation

This positive-sum strategy is referred to as โ€˜Offensive Forkabilityโ€™
2/ The goal of this strategy is to create network value by collaborating with SnowSwap to disincentivize forking just to fork.

It creates stronger incentives to collaborate with SnowSwap than to try to create a competitive fork.
3/ The concept of Offensive Forkability fits well into SnowSwap's approach.

Just as SnowSwap decided to create additional value for existing protocols, SnowSwap is encouraging other developers to create more utility continuing the positive feedback loop.
Read 5 tweets