
DefiMoon ๐ฆ๐
@DefiMoon
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#DeFi news and updates. Tweets are not financial advice! 10% off on GMX: https://t.co/sH2CECHwim
Moon
Joined June 2019
Ethereum treasury companies like $SBET have material advantages over Bitcoin treasury companies like $MSTR:. Ethereum treasury companies offer exposure to a broader range of blockchain-based financial innovations: stablecoins, DeFi, AI etc. SBET can actively participate in the
NEW: SharpLink now holds ~205,634 ETH. Between June 28 and July 4, SharpLink acquired ~7,689 ETH for ~$19.2M at an average price of ~$2,501 per ETH. During that same period, the company raised an additional ~$64.2M through its ATM facility, selling ~5.4M shares. SharpLink has
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๐2.1m $OGN ($115k) purchased in the first week of buybacks. ๐คxOGN APY (staked OGN) jumped from 5% to 30% . ๐Full 30% APY available only on OGN locked for 1 year
๐จ New OGN Stake:. 1,153,051 $OGN has been locked for 1 months. $xOGN receives staking rewards funded by OGN buybacks. Stake OGN here โฌ๏ธ.
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Not sure why $GMX is down 20% on this hack given the GLP is from GMX V1, and today the GLP represents a small overall portion of protocol fees, volume and TVL compared to GMX V2:. GMX V2 fees/volume completely dwarf V1 GLP volume and fees: . I'm actually quite surprised there was
The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40M in tokens has been transferred from the GLP pool to an unknown wallet. Security has always been a core priority for GMX, with the GMX smart contracts undergoing numerous audits from top security.
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If @FalconStable really wanted to be transparent here and restore the $USDf peg asap, they would have published a detailed breakdown of all the collateral types in the "Others" category . โ ๏ธShowing a protocol backing ratio without the actual collateral types is misleading and
Trust, but verify. โ
We work with to provide independent Proof of Reserves. โ
Daily reserve attestations, currently 116.98% overcollateralized. โ
Overcollateralization Ratio (OCR) applies to non-stablecoin mints, calibrated per asset based on risk
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So it's been 8h since @phantom announced support for perp trading on @HyperliquidX . Let's take a look at the stats:. Phantom uses @hyperunit to move $SOL from the #Solana blockchain to Hyperliquid, which is then sold for $USDC via the spot orderbook to be used as collateral for
How does Phantom fund your Hyperliquid perp account with just one click via UNIT?. Phantom streamlines the process of funding a Hyperliquid perp account using SOL, into one single user-signed transaction. 1. Deposit SOL to Hyperliquid via Unit:.The user signs a Solana.
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RT @OriginProtocol: Buybacks are now funding staking rewards! ๐. Stakers are now earning up to 30.1% vAPY, funded directly by protocol buybโฆ.
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RT @DefiMoon: Alright, letโs dive into a๐งตabout $OGN, the native token of @OriginProtocol, and the game-changing buyback program thatโs fuelโฆ.
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Curve's strategic $USDT, $USDC and $USDe pools did a lot of damage to Fluid's stablecoin LPs due to the lower fees: . Fees across all of Fluid's stablecoin pools have been in decline since May and now they're lowering fees even more to try and win back some volume.๐. The real
Fluid is in the best place to capture massive DEX market. Fluid is already leading the stable DEX volumes and spends exactly "$0" in incentives on all stable DEXes lives. All the DEXes who are not able to compete are decreasing the fees on their pools to get volumes.
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8/ Whatโs Next for $OGN?. Buybacks are live, with hundreds of thousands of dollars worth of buybacks taking place in the next weeks. Follow @OGN_Alerts for real-time updates. As Origin expands on Ethereum, Base, Plume, and Sonic, expect more revenue and even more buy pressure.
๐จ New OGN Buyback: . 190,467 $OGN bought back from the market with 10,000 $USDC ($10,000). OGN from buybacks is distributed to xOGN stakers. Stake OGN here โฌ๏ธ.
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