Fixed rates on Kamino? I don't think people realize how glorious the next crab and bear market will be for yield bearing stables and RWAs. Maybe they aren't the hot-girl-on-the-block during a raging bull, but this is very exciting stuff for stablecoin yield lovers everywhere.

Unironically one of the main reasons we built Mezzanine. We're building for two types of users. 1) Those that want to participate in high-yield (sometimes high-points) strategies without first-loss exposure. 2) Those that want to have leveraged exposure to high yielding strategies without any exposure to interest rates or LTVs. We host the strategies, you choose the risk.

i've gone deep into the topic of inflation, deficit, M2 and portfolio purchasing power protection and here are my conclusions: -M2 is my inflation benchmark. Extremely useful to start charting assets vs it alongside USD. I think its closer to real inflation than CPI or GDP -M2 is 50% from prepandemic levels, vs 30% for CPI/GDP. Real inflation is prob in between both, but imo closer to 50% than 30%. -Real inflation over the last 6.5 years (at 50%) is close to 5.5% per year. This is your current benchmark in order to remain break even in purchasing power. It's still a very small number but extremely likely to increase -With that 5.5% benchmark in mind, being traderds or defi participants, it's not that hard to beat at all today. This means our 'need' to own directional assets is much smaller. Don't buy something cause you feel otherwise you're being diluted -BTC is cheap af vs M2. Look at that chart holy shit. I don't have enough btc wtf -Gold is by no means cheap anymore at these prices, im gay for having bought it at 4450$ avg. and might end up selling it to buy more btc. Gold should have a relatively stable baseline vs M2? I think so, but not sure -SPY/QQQ are not cheap neither, but perhaps some justification for them (or perhaps they're in a bubble, yeah prob a bit of a bubble). I can see how SPY and QQQ are justifiable to have higher than historical numbers vs M2, since we live in a more global world where top companies can grow exponentially at smaller cost -The best place for a savings account is swiss banks. CHF is a much much stronger currency than the USD, Switzerland has no deficit, small debt, and the only reason they inflated their currency from the pandemic is cause they were forced to in order to have competitive exports. It's impossible for CHFUSD to not go uponly. Switzerland also much less likely to end up in the fiscal hell the EU is on its road to. IBKR with CHF as base currency is probably the best tradfi setup out there -The EU is systemically fucked for so many reasons, it's in a much worse position than even the US. EURUSD likely to keep going down over 10-20 years. High taxes, high wealth taxes, freeze of bank withdrawals, even confiscation are likely. Probably the smartest option is to just flee if you can

Two people can like the same strategy and still disagree about putting money into it. One wants more of the yield and will stand first in line for losses to get it. In a Mezzanine vault, that's junior. The other likes the strategy just as much, but would rather have someone else's capital covering first loss, and will give up part of the yield for it. That's senior. Offer one position and both of them could walk away. They don't need to agree on which position is better. They need a choice that reflects what each is looking for.

Last night I felt compelled (for whatever reason) to explain the honest Christian perspective on Transgenderism, Homosexuality, Race, "Christian Nationalism," Abortion, and even a few other things. It's a doozie. Anywho, God bless you lot and have a good rest of your weekend. Tomorrow we resume our normal yield-finding scheduling.

Why ethereum:0x19ebb35279a16207ec4ba82799cc64715065f7f6? @mezzanine_fi is launching with a leveraged PRIME vault initially because PRIME is the perfect match for our cross-chain strategy vault infrastructure. ► @HastraFi has over half a billion in onchain TVL ► PRIME generates over 1.5x the overnight fed rate ► Tens of millions in borrowable liquidity ► Great markets on both EVM and SVM ► Easily mintable and redeemable ► Great exogenous source of yield This vault targets roughly 13-15% base APY, allowing for senior vault participants to get nearly 10% on PRIME while being protected by a junior that's raking in around 20% APY. Mezzanine is launching as strategy tranching infrastructure -- a place to choose your favorite onchain strategies and the risk profile you want for them. And then we grow

If I applied Peter Lynch's investing approach (bet on what you use, know, and love) to DeFi, this would be my list as someone who's been fulltime in this space for half a decade. ► Perp Dex: hyperliquid:native ► Rate Swapping: ethereum:0x808507121b80c02388fad14726482e061b8da827 ► Money Markets: ethereum:0x58d97b57bb95320f9a05dc918aef65434969c2b2 ► Money Markets (SVM): $KMNO ► Neo-Banking: ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb ► Dexes: ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 and solana:METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL ► Blockchains: $SOL and $ETH

A vault can save you work. Tranching can change what you get to choose. Monday's question was why use a vault at all, when the protocols underneath are open to anyone. Prime answers both halves. The yield starts with home equity lending through Hastra's PRIME. The loop builds exposure across Morpho and Kamino, and the vault holds that cross-chain position together so depositors don't have to. Run it yourself and you hold the whole position. Tranched, the yield and the losses get split, and you pick where you sit. Junior takes first loss for a larger share of the yield. Senior takes a smaller cut, with junior capital absorbing losses ahead of it.

The yield behind Mezzanine’s Prime Vault starts with home equity lending. The loop comes after. Homeowners borrow against the equity in their homes and pay interest. @HastraFi’s PRIME gives access to yield backed by that lending activity. The underlying yield is paid for by borrowers, not token emissions. Prime’s loop increases exposure to that yield, with borrowing costs affecting what the strategy earns. Mezzanine then tranches the result. You can pursue a larger share of the yield by accepting first loss, or take a smaller cut with junior capital absorbing losses before yours. Home-equity lending provides the foundation. Looping and tranching give depositors different ways to hold it.

Tori is not affected in any way by the fund wind-downs, forced selling and volatility in local markets. All operations are running as normal. Reserves and custody balances are independently verified in real time.

1/🧵 Mezzanine Timeline A chronological history of @mezzanine_fi — from the first account activity to the current multi-vault model. August 2023 The @mezzanine_fi account was created.

A loop on two chains is still one position. It just takes twice as much looking after. The Mezzanine Prime vault runs across Morpho on Ethereum and Kamino on Solana. Build that yourself and you have capital on both chains, two sets of borrowing rates to follow, and transactions to handle on each side. Opening the position is a task. Keeping it running is a commitment. Prime brings that into one vault, with a strategy that optimizes borrowing rates between the two markets. You deposit and choose your tranche. The cross-chain position doesn't become your ongoing job.

Ocarina of Time came out on my seventh birthday, Nov 21st, 1998. At the time, my family lived in a drafty, beat-up old farmhouse in upstate New York. My mom was in nursing school and my dad worked for a cable company. That Christmas was unique. After my sister and I opened our presents, my dad handed us a letter. It had a clue written on it, and each clue led to another until we eventually found a huge box wrapped like a present in our closet. It was an N64. This was the first "big present" we'd ever received in our little lives. That winter, each evening after dinner, we'd spend the last hour before bed watching our dad play Zelda like as if it were a movie. Some nights, he'd even let us stay up past our bedtime, reading the game manual we picked up from Blockbuster, to give him hints whenever he got stuck. While I don't think this remake will capture the cozy an adventurous wonder of that era of gaming, I still look forward to sharing the experience of this game with my kids.