Wajahat Mughal
@0xMughal
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Part time Doctor | Full time Degen | Substack - https://t.co/zgQmVUNiBp Co-founder - @spreads_fi | @ivx_fi
United Kingdom
Joined May 2021
Big opportunities in the market right now for DeFi users 1. @neutrl_labs - Deposit USDT (mint NUSD) Neutrl pre-deposit vaults are going live in approximately an hour with a $50m cap. Capital will flow into an @upshift_fi vault managed by @k3_capital. Earn yield + 450k worth XPL
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Too many to include but recent innovative DeFi: @yieldbasis
@boros_fi
@flyingtulip_
@spreads_fi
@0xHyperBeat
@GammaSwapLabs
@liminalmoney
@neutrl_labs
@pendle_fi
@eulerfinance
@0xfluid
@DeFiSaver
@StructuredFi
@ipor_io
@TimeswapLabs
@ryskfinance
@protocol_fx
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The replies to this tweet tell me that the new generation of DeFi apps haven’t had enough distribution to reach many of the users below. Common replies were: - DeFi is boring, nothing new & original - No structured products - Yields are low and not fun - No all in 1 DeFi
would like to start building defi products for the past ~6 months, I've gradually eased into being a defi power user instead of pure dev work I did this to understand the pov of our biggest users what do you hate about defi today? what annoys you? what do you wish existed?
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Taking a quick look at what happened to stablecoins following the crash - Ethena's USDe with redemptions flowing loosing over $2b in market cap - DAI/USDS also contracting in size - Other stables that had reductions in size are USDF, CUSD and reUSD - @ResolvLabs interestingly
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Had the USDe oracle been linked to the Binance price feed, I think we would have seen the worst day ever onchain. Billions of dollars saved because of the @chaos_labs and @LlamaRisk updates. DeFi showcasing it's ability to survive the most insane market conditions. Love to
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interesting pitch from @0xMughal cooking the first option backed yield bearing stable @spreads_fi
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More information got dropped by @AndreCronjeTech on the new @flyingtulip_ stablecoin $ftUSD 🌷 : tldr: $ftUSD is the native ecosystem stablecoin and backed by a low risk Defi strategy with hard collateral of $USDC How $ftUSD is created - Each $ftUSD minted with depositing 1:1
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BTC in DeFi can grow to $100b+ I think @babylonlabs_io will be one of the protocols that help it get to that size. BTCfi is something I've been studying a lot this year. The way I think about it is essentially the rental (yield) market on top of real estate (Bitcoin). Babylon
Big things are happening at Babylon! After activating $10B in Bitcoin through our flagship Trustless Bitcoin Staking Protocol, Babylon is now entering its next phase, unlocking Bitcoin liquidity for DeFi, trustlessly and non-custodially, following the proven multichain
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Tokenless Perp Markets Below is a list with a USP about them: @Lighter_xyz - 0 fee perp market, one of the best LP instruments with LLP + ZK clob @extendedapp - vault tokenisation + unified margin + stock perps @tradeparadex - also now 0 fee perp market + perp options
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Still going to be in Singapore for a few days If you want to chat about stablecoins, high yield products in DeFi or some unofficial medical advice - hit me up!
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So far, props to @KhanAbbas201 and his team at @ethereumfndn. Have got someone I can reach out to for any kind of support, from raising including for TVL, to connecting with someone or even GTM support. Just discovered that on top of founders success, there is also app
@proofofjake_ Regarding support: We're helping in many different ways 1) Fundraising: I can confidently say, Founder success has the best system to help teams with their fundraising needs. @playgigaverse's last round is an example and there's over 15 teams we're actively helping rn. From
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