New rewards just dropped. $8.9k USDC via @merkl_xyz for lenders into the infiniFi vault on @Morpho. • 20 days • Hourly distribution • ~11.3% extra APR at current TVL First capital wins →

A New Chapter Takeover is live! The @eulerfinance Chapter takeover starts now. For the next week the infiniFi points page transforms into a Euler boosted Chapter & so do the point multipliers. infiniFi Points Boost Multiplier: - 3x Supply USDC to the infiniFi Earn Vault - 1.5x Loop siUSD on Euler - 1x Loop liUSD 4wk on Euler - 1x Loop liUSD 13wk on Euler

THIS FREE MIT LECTURE ON MARKOV CHAINS WILL TEACH YOU MORE ABOUT QUANT TRADING THAN A 2-MONTH WALL STREET INTERNSHIP. Not a bold claim. A provable one. The algorithms running inside Citadel, Renaissance Technologies, and Two Sigma are built on this exact mathematical foundation. The quants printing money every single day did not learn this from a finance influencer or a trading course. They learned it from lectures exactly like this one. Here is why Markov Chains are the most underrated concept in quantitative finance: Every price movement is a state transition. Every trading strategy is a probability model. Every edge a quant has is built on understanding what state the market is currently in and what state it is most likely to move to next. Markov Chains are the mathematical language that describes all of it. Wall Street pays analysts $200,000 a year to understand this framework. MIT put the lecture on YouTube for free. The people who watch this tonight will understand the mathematical foundation of quantitative trading at a level most finance graduates never reach in their entire careers. The people who skip it will keep trading on gut instinct and wonder why the systematic funds are always one step ahead. One hour. Free. From MIT. This is the most productive thing you can give your week. Bookmark this before you do anything else today. Follow @cyrilXBT for more resources that build real edge.

Royco Dawn has tranched liUSD from infiniFi. The most profitable trade in traditional finance: borrow short, deploy long, pocket the spread. That margin has historically belonged to institutions. @infiniFi puts it on-chain. The protocol issues iUSD, a 1:1 stablecoin receipt, split into two tranches: siUSD (liquid: Aave, Morpho, Spark) and liUSD (locked: Pendle principal tokens, Ethena, basis positions). liUSD holders lock capital for a fixed duration and sit in first-loss position. If strategies take a hit, they absorb it first. In exchange, they earn the highest yield in the system. siUSD holders stay liquid, sit behind liUSD, and earn a lower but more stable return. The sequence is hardcoded: liUSD first, then siUSD, then base iUSD. Dawn tranches liUSD-4w, infiniFi's four-week locked deposit token with 100% deployment into fixed-duration positions. These holders already accepted illiquidity and first-loss exposure for a higher rate. That tradeoff is what makes it worth tranching. Senior depositors earn liUSD-4w's yield with a contract-enforced Junior buffer in front of them. Junior depositors provide that buffer and capture a premium for the coverage they bring. infiniFi already built loss absorption into their protocol. Dawn adds another layer, making liUSD-4w accessible to capital that previously couldn't enter, and more liquid than the underlying position itself.

Big unlock for yield. Fixed-maturity infiniFi positions are now live as collateral on @eulerfinance. 4w & 13w liUSD tranches + siUSD can now be borrowed against while maintaining yield exposure + an early exit via EulerSwap. Liquidity, without breaking duration.

For the first time, you can now swap out of your 4wk and 13wk locked iUSD, which opens up looping of the 4wk and 13wk locked positions! Yields are looking quite good..game changer.

liUSD looping is finally here! Huge shoutout to the guys at @eulerfinance & @Cassa_fyi for all their support to get this live. Users can now get levered exposure to the higher yielding duration tranches @infiniFi has to offer, while having the piece of mind that there is a viable exit path via secondary liquidity generated through Euler Swap, should they need it. I believe the future of DeFi belongs to the teams who can think in terms of not just net assets or cash flow, but balance sheets. Credit intermediation, endogeneity, refinancing, converting the multilateral into the bilateral, these are the metas of the near future. More to come...

I remember asking @RobAnon why they didn't participate in the Aavethena loop a few months back. He told me they didn't take on leverage as a rule, and I was surprised how adamant he was about that. @infiniFi took zero losses during the rsETH exploit. Lessons in there.

Let’s be clear: if you have the ability to intervene you should. Let’s also be clear: decentralization is a scale. Arbitrum is not centralised nor decentralised. Its trust assumptions are 9/12 chosen by ARB holders. That’s more than most and less than mainnet. Let’s stop playing games & just do what’s right & be transparent.

I’m proud of how fast infiniFi eliminated all risks to contagion from our balance sheet. We’ve processed nearly $20M in the past few days without ever offering less than instant liquidity. All assets remain secure and we’re happily diversified across DeFi and RWAs As always, if you want to know where we are:

Out of an abundance of caution we are temporarily pausing our LayerZero OFT bridges from Ethereum mainnet until the root cause of the rsETH incident has been identified. We expect the pause to last ~6 hours and will provide updates on this temporary pause as we receive them. To reiterate, we can confirm Ethena has no exposure to rsETH, and remains >101.0% overcollatereralised. Proof of reserves are typically provided on a weekly basis but we will be providing a refreshed version in the next few hours given the existing circumstances.

infiniFi spaces are back this week! Join us tomorrow for a Wednesday Spaces (April 15th at 11am ET) talking about fixing the scaling bottleneck issues of RWA leverage. Turn on your notifications🔔

New rewards just dropped. $12.3k USDC via @merkl_xyz for lenders into the infiniFi vault on @Morpho. • 30 days • Hourly distribution • ~3% extra APR at current TVL • ~1% at target First capital wins →

Civilization was built by people like this, and there is a stunning lack of gratitude in our culture for their work. In this specific case, at least half of the apple varieties in Brown’s collection were considered “lost” until he personally tracked them down and saved them. He literally went on quests where he did things like, tracking a lost variety back to a stump of a long-ago-cut-down tree near an abandoned homestead in remote Appalachia, took cuttings from the green shoots coming out of the stump, brought them back and planted them. Absolute legend.

infiniFi is live on @katana ⚔️ DeFi-first. Deep liquidity. Real immediate yield. Right now users can borrow at 2.6% APR and loop siUSD at 6%! Next Week: Katana Chapter Takeover with infiniFi points bonus 👀 Details👇