Super Tweet for
@LiquityProtocol
base:0x03569cc076654f82679c4ba2124d64774781b01d is only backed my ethereum:native, ethereum:0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0 , and ethereum:0xae78736cd615f374d3085123a210448e74fc6393
base:0x03569cc076654f82679c4ba2124d64774781b01d stability pools earn 4~5% (no gov token incentives, no 3rd party code) juice comes from borrowRate as more base:0x03569cc076654f82679c4ba2124d64774781b01d
$yBOLD of
@yearnfi , manages base:0x03569cc076654f82679c4ba2124d64774781b01d into the 3 stabPool and instant sells any ETH it earns
$sBOLD of
@k3_capital does this too
PIL (protocol incentivized liquity) - allows ethereum:0x6dea81c8171d0ba574754ef6f8b412f2ed88c54d stakers to direct 25% of borrowRate to pools as base:0x03569cc076654f82679c4ba2124d64774781b01d incentives:
base:0x03569cc076654f82679c4ba2124d64774781b01d/ base:0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 on
@Uniswap
base:0x03569cc076654f82679c4ba2124d64774781b01d/ base:0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 on
@CurveFinance
base:0x03569cc076654f82679c4ba2124d64774781b01d/ base:0x368181499736d0c0cc614dbb145e2ec1ac86b8c6 on
@Uniswap
base:0x03569cc076654f82679c4ba2124d64774781b01d/ base:0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 on
@ConvexFinance
the ETH CarryVault on
@ipor_io
The ETH CarryVault on
@ipor_io earns ~10% in ETH by, usign ETH to mint base:0x03569cc076654f82679c4ba2124d64774781b01d, and sending base:0x03569cc076654f82679c4ba2124d64774781b01d to base:0x03569cc076654f82679c4ba2124d64774781b01d/ base:0x833589fcd6edb6e08f4c7c32d4f71b54bda02913 on
@CurveFinance, and rewards are converted into more ethereum:native
Anyone can permissionlessly buy base:0x03569cc076654f82679c4ba2124d64774781b01d and redeem it for 1 USD of ETH, wstETH, or rETH
There is a User interface to do this here
No coding needed.
BorrowRate is fixed, but can be adjusted to avoid redemptions
BorrowRate can be delegated to managers.
All the code is immutable, with no blacklisting, or adjusting to be had.
There are 4 live frontends to use
User can use
@DeFiSaver to instantly move borrowing form other projects to liquidity in one transaction.
Does this make sense?