Chains hire service providers to run incentives programs and judge them on TVL KPIs. The result is misdesigned programs not the fault of the SP, but the fault of those hiring them. The core goal of DRIP is not TVL. It's structural improvement to Arbitrum DeFi.

There are really two distinct RWA sectors. 1. Digital twins: TradFi stocks, bonds, funds brought onchain. Tokenized versions that will have cheaper/quicker swaps, leverage, and settlements. They are custodial anyway and the issuer can rug you. It is mostly UI improvements to

Is the USDS delisting really about rising risk? Or is it about handicapping a competitor? Spark's been pretty cozy with Morpho and many see them as dodging rev share on their Aave fork. Competitor removed, revenue not impacted.

DAOs are dead because they were never alive. What we called DAOs were mostly an attempt at regulatory arbitrage over the "Common Enterprise" aspect of the Howey test. The industry swung the pendulum too hard and created something shitty. When they were created with this goal in

Data-Analytics-Optimization

Borrowers will happily pay higher rates for the peace of mind that the rate won’t rip their face off at some random point when a supply side incentive program ends. Confidence in sustainable rates > lower teaser rates

And finally our newest addition @RyanRemaly, dev king that is able to take unorganized direction and turn it into real product (soon ™️)

Happy thanksgiving!! Feeling grateful for the killer team at @EntropyAdvisors I have the pleasure to spend every day working with. @tomwanhh: no one else can turn raw data into the exact most valuable insight like he can. He’s a leader and relentless builder. @AliTslm: Nonstop

Remember folks, you can always say you work in Fintech. Happy Thanksgiving!

Imagine if monad or mega had plasma gtm

In a joint paper with Christoph Schlegel (Flashbots), @AliTslm (@EntropyAdvisors), Ko Sunghun and @totorovirus (Matroos), we look into the performance of TimeBoost fast lane bidders, in particular, the correlation between the bids and profit estimations - 5s markouts. Short 🧵:

Everyone will spend the next 12 months telling you crypto is finally maturing to fundamental valuations as capital ‘retreats to quality.’ 24 months later the next PEPE pumps 500x in your face. "This time is different"

A lot of well deserved congratulations came to @SteakhouseFi and @gauntlet_xyz coming out of 10/10 and stream finance with no bad debt Also want to shout out @objectivedefi, who manages euler DAO's risk (Prime / Yield), and also came out unscathed Team of absolute killers

it's too funny that news outlets pick up on polymarket intern's troll tweets now resulting in "did you see this" texts from my grandma

DeFi is at a big crossroads: → B2C: direct to consumer, crypto native businesses own the UX/user. → B2B: defi is infra and distribution comes from cb/rh/banks/etc who own the user. honestly, as long as users hold keys and assets stay non-custodial it doesn't matter we win.

https://t.co/7zB2fTwL1y

The @arbitrum DAO Treasury Management portfolio closed October at $84.3M, earning ~$230K in yield over the month. Here’s a summary of activities in October 👇 Two drivers shaped the month: 🔹 A $2.2M decline in ETH and ETH-correlated assets as ETH price fell ~7%. 🔹 $228K in

I'm scared DeFi is approaching on worse than tradfi middleman bloat. Points/incentives warp everything as we cram rent seeking middlemen into every layer just to farm more. We are still much better than TradFi as each middleman extracts less but still overall worrisome.

The Real flex is not numbers of followers, it's AUM of your following

@arbitrum @aave not financial advice - just an opinion