Leveraging the introduction of Umbrella,

It’s time to upgrade the $AAVE role in our ecosystem.

Let’s explore this together:

governance.aave.com/t/temp-check-a…
Protocol coverage paradigm shift.

With the adoption of Umbrella the “seize and sell” doctrine hurtful for peg, value and inefficient is replaced by a “seize and burn” doctrine using GHO and aTokens

For up to billions of coverage at controlled cost.

Every cycle, people re-invent the perpetual motion machine & think there's a free lunch.

Arbitrage opportunities are meant to be temporary; why would people accept to get cuck in sDAI for 13% when DAI itself is now backed by Ethena?

Just withdraw, dump, and eat the 60% yourself Therefore, they will eventually need to increase the DSR yield to appease people.

This will eat their revenue and, more importantly, tighten the spread.

if there's a few week of shitty market and ethena yield goes down, it can drop below dsr.

That's when "the fun" start.

"ETH transaction fees are too $$$!"

yeh that's the plan anon, a settlement layer is meant to settle things...

if you're not a millionaire, use scalability layers.

Here's 6 ways to access L2s without paying a dime of L1 gas 👇 case 1: you're a burger, have a coinbase account, buy 10$ of MATIC, buy USDC.
withdraw both directly on polygon network.

From there enjoy all defi with low tx fees.

Wanna explore elsewhere? use jumper.exchange to teleport gas elsewhere, then move your money there

Today's #Frenchchart is a preview of an arb opportunity allowed by Aave V3 emode.

To allow it :
V3 deployed ✅
rETH snapshot vote starts tmr 🔃
cbETH AIP this week 🔃
wETH interest rate new parameters vote start tmr 🔃

Read the next tweet for how it works & risks! This strategy use leverage to benefit on peg deviation of two Liquid staking derivative cbETH (coinbase) (underpeg of ~2%) and rETH (rocketPool) (overpeg of 1%)

It leverages emode to increase position size and eat that derivation theoretically up to x10 (don't do max leverage)

probably not very wise for me to share, but as renBTC is sunsetting and TC is "ded"

here's a #frenchchart of one of the last available ways to get some privacy on-chain reminder there are two levels of privacy:

"public" privacy -> just deposit to CeFi withdraw to new address, state, law and CeFi will know but not anon0x12456, don't think there's a legal issue here

general privacy -> use Bitcoin mixers, that goes from grey to straight illegal

the SBF x CZ drama makes me proud I didn't give any of them a dime of my volume in 2022.

Here's how u can enter 2023 without CeFI👇 Trading (I am no trader but if u vibes with it)

-@GMX_IO (up to x30 leverage on arbitrum)
-@GainsNetwork_io (same on polygon more assets)
-@1inch (best rates for token swaps)
-@paraswap (same)
-@Instadapp (staking loops)
-@DeFiSaver (directional trade & liquidation protection)