Sick of seeing all the @polarisfnd testnet airdrop guides so I’ll say it since no one else will: THERE IS NO POLARIS AIRDROP! THERE IS NO POLARIS AIRDROP! THERE IS NO POLARIS AIRDROP! THERE IS NO POLARIS AIRDROP! THERE IS NO POLARIS AIRDROP!

Yield Basis is a more genius idea than most people realize. I was going through a post by @Diphunter18 on crvUSD where he shared more on how it generates its demand. Being in the industry and building Pharos, I get to see the models of almost every stablecoin and the reality is that most founders focus on building demand through how much is minted and who is integrating it. The more interesting question is what makes someone want to borrow in the first place. With @llamalend, users can open crvUSD positions without actually selling their collateral. They unlock liquidity from it while keeping their underlying exposure. @yieldbasis opens up that opportunity for BTC holders. With BTC down roughly 50% from its highs, OGs and maxis do not want to let go of their positions. Users provide BTC liquidity and use borrowed crvUSD to increase their position size. That single strategy simultaneously creates borrowing demand, expands crvUSD supply, and deepens liquidity in the pool. Every user running that loop is doing three things for the ecosystem at the same time. I checked yieldbasis/earn and not surprisingly, WETH and cbBTC have already reached full capacity. Opportunities are still available (just) with tBTC. Simple yet rigidly brilliant strategies like these are genuinely what makes me so pro Curve ecosystem, as I have written about many times before.