Anchit Jain, CFA
@AnchitJainCFA
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Buidling @satsurance | Decentralized Insurance for BTCFi | prev https://t.co/yk3mQTngf6, @ClearVentures, @HaasBlockchain, @GoldmanSachs, @UCBerkeley, @LBS, @IITRoorkee
San Francisco Bay Area
Joined January 2021
This is why there is no low-risk DeFi as Vitalik says.
By the way Every single money market that allows hardcoded "stablecoin" oracles is guilty and complicit in the loss of user funds. The greed for more TVL is what lead to this Today it was Euler and Morpho with xUSD But tomorrow it can be Aave with USDe
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Lendings are not vaultsโstop the deceptive mimicry I cant agree with Paul: Lendings are Web3's banks, permissionless protocols like Aave or Gearbox, where deposits earn yield from collateralized loans. Vaults are speculative funds that automatically optimize across various risk
A vault is comparable to an onchain fund, and just like traditional funds, some will perform well and others won't, but this is what we must accept and mitigate if we want to build a truly open and decentralized system. The fact that only 1 out of ~320 vaults on the Morpho App
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DeFi lending lives and dies by trust. One of the biggest mistakes is trying to compare DeFi lending with AMM pools because they work in completely different ways. Lending only works when people believe the markets are sound, that collateral is solid, risk parameters make sense,
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I would expect the Fed to start expanding the balance sheet soon. Not because of Crypto, but because of the below
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๐!
17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that.
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This is one of the better takedowns in political history. A must read.
.@SenWarren and @SenAmyKlobuchar: you are failures. You failed to derail the electoral success of one of our great allies in Latin America, President @JMilei. He won in a landslide with the poorest members of society voting for economic freedomโa notion anathema in particular
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It's time to fix the 50-year-old KYC/AML regime Last week, @iampaulgrewal and @coinbase sent a letter to the Treasury Department, laying out a plan to update archaic AML rules with modern technology. It would give significant protections to consumers and stop companies from
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NYC = Not YC There is nothing like the Bay Area tech community and this guy is realizing that after burning his bridges.
Where is the startup community in NYC A lot of opportunity here but also lots of noise Send me some signal
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if you're reading this and you work a corporate job, quit it join (or found) a startup I don't care what your excuse is forget the financial risk, the real risk is wasted potential
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In case why someoneโs wondering why the market is dumping today! ๐ข
Very bullish
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Whatever happened to Uptober!? ๐ญ
This is the most erratic trading week in a long while
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One of my biggest lessons from 2022 is that it takes some time for all the bankruptcies to reveal themselves after a big liquidation flush like this. Big trading shops are running around trying to figure out what their exposure to insolvent counterparties is and that takes time.
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Biggest base of all-time? Japanese 2yr notes below 1% for 30 yrs. IE money was free for 30yrs. Finally Nikkei woke up and is well above the '89 peak when 2s were 8%. Purchasing power of domestic Japanese savers annihilated vs everything. Panic into gold and btc continues.๐
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Can relate so much to this! ๐
Life as a vegetarian: - 'Have u always been veg?' - 'But have you ever tried meat?' - 'Is it like... for religion?" - 'So you haven't had chicken?' - 'Not even steak?' - 'Wait... you eat cheese though right?'
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Thrilled to snag 1st place at the @ICPHUBS WCHL25 Regional Round with my rockstar co-founder @norfolkik! ๐ Massive shoutout to @icphub_CA and @quantumleaplab for organizing an epic hackathon. If you're a blockchain developer looking to build your next project, ICP offers
2/7 ๐งต Americas The Americas brought power & polish. ๐ฅ Satsurance: Specialty insurance backed with Bitcoin. ๐ฅ https://t.co/4PEZH6MZI8: Deploy GitHub URLs to ICP with one click. ๐ฅ Prometheus Protocol: Trust layer for AI agents. Hon. Mention: ChatterPay: Blockchain +
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As said in my recent State of the Union, spray and pray is a waste of time and resources. We win by making high conviction concentrated bets. I'll soon publish a proposal on the aave governance forum to re-focus on a handful of winning networks and put the rest on maintenance
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Who else is going to Argentina? ๐
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