We're officially live on I highly recommend using a ref link to get 10% more points. Please feel free to share your ref links in the comments below or just use the code "DOJO." Here's a quick(ish) tutorial on what @mezzanine_fi is and how to use it:

Step 1. @DefiLlama launches prediction markets with a heavy focus on hedging disaster Step 2. Disaster Incredible PMF. And who better to trust for unbiased truth than the industry's favorite data aggregator?

5 years ago we were all farming platform's native tokens at 4-digit APYs. Today, home loans and car payments are quietly becoming some of the best yields in crypto (not 4-digit APYs, but backed by something real). @mezzanine_fi is building a way to leverage that yield (coming from home loans and car payments) without you having to manage the position yourself. The strategy behind it is called the carry trade, looping is how you leverage it, and @RWA_xyz 's report says it's one of the biggest reasons people are buying tokenized RWAs right now. @HastraFi 's tokens, $PRIME and $AUTO , fit perfectly. PRIME earns interest from real US home equity loans and AUTO from US car loans, and you can borrow against them for less than they pay you. According to Mezzanine, AUTO paid ~9.4% over the last 30 days while borrowing against it cost around 6.2%. Needless to say, but I'll say it anyway, the difference between 6.2% and 9.4% is what you earn, and what you ideally want to leverage or precisely, loop. Looping is great, but it sucks if you have to do it the Hand Solo way (manually). Aside from numerous clicks, you have to take into consideration that borrowing costs change, positions need adjusting, and that your profit can turn into a loss if you stop monitoring your position(s). Fear not, because @phtevenstrong has that rizz and he's been working on Mezz. Mezzanine's first vault, the Hastra Optimizer, handles all of it (the Hand Solo work and headaches you want to avoid): it loops both tokens (PRIME and AUTO) for you from a single deposit of USDC or wYLDS. In other words, as a user, all you have to do is deposit and select your risk tier, precisely, your desired tranche (tailored to your risk appetite); the Junior tranche earns more but takes (potential) losses first, while Senior earns less and is protected by Junior. This is a very intelligent move by the Mezz crew, and I'm not even surprised because I know that Stephen's second language is DeFi. Or Spanish. Regardlessado, está muy bien. So, why is this a very intelligent move by Mezzanine, and why do I dare to say that it's also a big thing for this DeFiamond in the making? It's easy: they're launching with one of the most-in-demand trades in RWAs, on assets that already hold over $600M, and they're making it usable for people who don't want to treat a spreadsheet like if it's a tamagotchi. However, it's not free monies. If borrowing costs jump, the difference (the one you want to leverage) shrinks, and if borrowing ends up costing more than the token pays, profits turn into red numbers. To be spot on, Mezzanine manages borrowing costs for you, but if they (the costs) rise everywhere at once, loopers will feel it. The risk of rising borrowing costs is realistic, but usually short-lived. Car loans come with real default risk (a borrower stops paying and the lender repossesses the car and sells it), which is part of why AUTO pays more. Btw, exits take a bit of patience, since the vault unwinds positions weekly to protect everyone still in it. TL;DR on the tokens involved in the Hastra Optimizer: wYLDS is Hastra's wrapped version of YLDS, an SEC-registered stablecoin (current supply: $490M) from Figure (a Nasdaq-listed US lender that is behind HELOC, a top 10 token on CoinGecko that looks like a stablecoin but is actually a tokenized loan asset; HELOC stands for Home Equity Line of Credit). It's backed by US gov bonds and pays around 3.6% annually. This one you stake to get PRIME or AUTO. PRIME funds Figure's home equity loans, which are loans to homeowners backed by their houses. It's the steadier one, and it pays around 6% to 7% APY. AUTO funds car loans for people with less-than-perfect credit (99.5% of CT, myself included), backed by the car themselves. It pays more, roughly 10 to 12% APY, with more risk to match. Ok, it's time to zoom out. RWAs are pulling in real money, the carry trade is driving a big chunk of it, and pretty much nobody wants to run that trade by hand. Mezzanine sits right in the middle (pun intended) of this all three (RWAs, carry trade, and time-poor users), with a stacked security setup, a founder who's been doing yield math for CT (and YT) for years, and a framework built to tranche whatever comes next. Hastra is the first floor. I'm watching this building go up, and I'd suggest you do the same. I'll be back with more content as Mezzanine grows. 🫡

A cool tool I tested is You select a market across Aave, Fluid, Morpho, and Euler, and it shows you the oracle type it uses. On Aave, it's difficult to check the oracle manually, so I recommend using this tool. Thx @CryptoMeatStick for building it.

⚠️ It has just been decided to delay the Glamsterdam hard fork on the Hoodi testnet because of security impacts we identified in this blog post: We already found 13 real-world examples and are in responsible disclosure with the affected projects. Please check your contracts as soon as possible, as the EF is determining how many contracts are impacted in which way. Feel free to reach out to us with questions via glamsterdam@chainsecurity.com.

No country has the right to defend itself. It either has the ability to defend itself and will, or it doesn't and can't. The West can't defend itself against demographic warfare because it hasn't processed the truths necessary to dispel the lies that allowed the threat.

HEAR YE, HEAR YE! THE KINGDOM OF HASTRA SUMMONETH ALL SEEKERS OF GLORIOUS YIELDS! HARK! SIR @phtevenstrong DOTH BESTOW UPON THEE HIS WISDOM, REVEALING THE FINEST YIELDS THROUGHOUT THE REALM! HuuuuuuuZZAH! ⚔️🏰 @HastraFi

Since @mezzanine_fi's first vault will be a @HastraFi optimizer, let's take a look at the best yields in the Hastra ecosystem at the moment. First, Hastra Base Yields ⇒ SMB: 6.76% APY ⇒ AUTO: 10.41% APY ⇒ PRIME: 6.15% APY ⇒ wYLDS: 3.52% APY Now, Leverage and Tranches: 1. @kamino: The Hub of Hastra Leverage on Solana ➢ AUTO/wYLDS FIXED borrow: 25% APY ➢ PRIME/CASH 14.6% APY 2. @Morpho: The Hub of Hastra Leverage on EVM ➢ AUTO/USDC: 59.6% APY (low liquidity) ➢ PRIME/AUSD: 17.5% APY ➢ PRIME/USDC: 13.5% APY ➢ PRIME/PYUSD: 12% APY 3. @ExponentFinance: Solana's Yield Trading and Tranching Venue ➢ Senior AUTO: 11.36% APY (incentives) ➢ Junior AUTO: 18% APY (no incentives)

Kamino Fixed Rates brings the financing terms institutions rely on to tokenized assets. The AUTO Market grew from $10M to $135M in three weeks, with over $40M in fixed-rate borrowing in the first two weeks. This is just the beginning for fixed-rate credit on Solana.

A tale of two French brothers. In a house, there are two brothers who live in separate dorms. The older brother's room stays clean, he tends it every day, The younger makes his all a mess, destroys it with his play, The younger sees the older's room and demands to have it new, The mother hears the younger son, and says "ask father, too," The father, however, he says "no," you must sleep in the bed you've made But the younger brother breaks right in, and in his brother's bed he lays The mother says "he's happier here, surely he must stay." The noble older brother says "father, it's okay." The father brings the younger's bed into the older's room, and says "alright," but please just know, You must respect this room. The younger, after days, of course, dirties all his side, And complains to both his parents, "I have nothing, his are better! all my sheets are torn to fetters I want his dresser, and his treasures!" Are the things the younger cried The mother says "maybe he'll share?" And the father says "he will not." But the younger takes it anyways, and the older has a thought. The older says "father, can I take younger's old room?" The father says "of course, my son" as older goes off with broom. The older cleans younger's old room, and once it's good and fair, he brings the old and tattered bed, rights it and now sleeps there. But the older's old room is ruined now, destroyed and all amuck. So the younger begs for his old room back, and curses his bad luck.

Yield in DeFi has come a long way. We used to pay a 5% deposit fee to farm 50,000% APR for a few hours (paid largely in hyperinflationary fruit). Now we're financing state tax credit receivables for the entertainment industry. Anywho, a quick look at the RWA financing meta: @kamino's kicUSDC finances institutional copper trading @HastraFi finances (and warehouses) Auto loans and Helocs. @onre and @re finance the underwriting of reinsurance @blackopal_fi finances Brazilian credit recievables @forestroadvault finances entertainment tax credit recievables @dawninternet finances developing ISP infrastructure @AxisFDN finances CEX/CEX arbitrage I can't tell if we've matured, or if we've just uncovered the degen side of tradfi in our insatiable thirst for APRs.

The purpose of Mezzanine is to allow users to yield maximize their isolated thesis. Like @re? We'll have a vault with their best strategies. Like @USDai_Official? Same. @HastraFi? Literally our first. And then we tranche those strategy vaults so that you can either get more leveraged exposure to the yield than is otherwise possible (junior) or abstract the SC and depeg risks in the senior.

Late night stablecoin research, might as well share the quick findings. $USDfr ► Issuer: @forestroadvault ► Yield: 35% ► Backing: Media, Entertainment, and Energy Receivables, and Market-to-Market lending ► Also: Forest Road seems to have self-owned junior capital and a back up reserve posted by sGROVE stakers, this makes sUSDfr more interesting; but entertainment receivables feels high risk. High yield also likely from staked/unstaked mechanism, since underlying yield is like 16% $USDx ► Issuer: @AxisFDN ► Yield: 17.61% APY ► Backing: CEX/CEX Arbitrage ► Also: $13M in liquidity is nuts, they've been around (without a vault) for years. CEX risk is real. $oTFY ► Issuer: @obligatecom ► Yield: 8.75% ► Backing: Unsecured BBB bonds ► Also: I haven't signed up to see if there are a diversified set of ratings, but it's on Kamino as collateral, so I had to check it out $USD.infra ► Issuer: @dawninternet ► Yield: 9.9% APY ► Backing: AI Infrastructure (similar to USDai?) lender and ISP? ► Also: It's a bit strange, basically small internet providers take loans from Dawn to expand their networks; hard to underwrite imo $kicUSDC ► Issuer: @kamino ► Yield: 8% ► Backing: Institutional copper trade financing ► Also: I'm biased towards this because I like Kamino IMPORTANT NOTE: I'm just researching out loud, this is NOT an endorsement of any of these.