Matt Casto
@mcasto_
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Liquid asset strategies @CMT_Digital | @InternDAO | Contributor @ournetwork__ | Tweets ≠ advice
Joined March 2019
Another stress test brought about by massive size in cascading liquidations that proves how powerful DeFi is under periods of heightened activity. Have yet to see any that failed under serious loads tonight even with mainnet fees exceeding $1k.
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Also looks like larger clips are being transacted for EDGE onchain
Whales on @DefinitiveFi gobbling up the dip
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An encouraging integration this morning coupled with strong fee generation coming from the EIP65 fee activation proposal. Also seeing strong growth in newly launched markets with the new PT-syrupUSDT loop that launched yesterday already at $34m supplied.
$EUL meets Binance. Now officially listed on @BinanceWallet.
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The weighting of DEFG for years has made no sense to me, continues to be the case with their recent Q3 weightings
Grayscale rebalanced its funds for Q3 2025: the DeFi Fund sold MakerDAO (MKR) and existing components proportionally, using proceeds to add Aerodrome Finance (AERO) and rebalance existing holdings; the Smart Contract Fund rebalanced by proportionally selling and repurchasing
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The @PlasmaFDN syrupUSDT Vault has been fully subscribed in under one minute. A total of $200M USDT TVL will now be earning syrupUSDT interest, Drips rewards and XPL rewards (Post TGE). Trillions.
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.@eulerfinance dominates lending protocol efficiency! At a 3.5% fee-to-TVL ratio, Euler shows superior ability to generate fees from locked capital. That's 2x more efficient than @Aave and 1.5x higher than @compoundfinance. The data shows a clear pattern: mid-size protocols
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Some big wins for Euler last month: • $3B total deposits • Launch of EulerEarn • Deployment on Linea • Integrated on Bitget Wallet • EulerSwap hits $2.5B in volume • $EUL listed on Coinbase and Bithumb
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Hyperliquid is pushing the frontier with HIP-3. The potential is massive, but so are the unanswered questions: slashing conditions, liquidation backstops, governance subjectivity. Our latest piece breaks it down.
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And all metrics are basically up and to the right... Good overview from @mcasto_ below: https://t.co/sybFYp0x2M
$.14 --> $.40 from here and I believe the current fundamental story is in a similar position now relative to what it was back in February. After having their highest ever month of revenue in July, @maplefinance is on track to surpass it for August. The SYRUP val relative to TVL
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$3b TVL with the EulerSwap USDe/USDT pair earning +30% APR while routing +$50m monthly volume on $100k TVL, $1m in deposits/hour for the first day EulerEarn launched, and at 2x supplied/TVL is one of the most capital efficient lending protocols.
$3B total deposits on Euler. All in under a year since launch. Accelerate.
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The problem with the VC model is that : - there is little to no oversight - startup accounting is very basic, nobody really checks deeply how funds are spent - investors have almost no decision rights - investors play a numbers game and focus on their winners, so they have no
Honestly, it's a joke how many Web 3 startups we invested in back in 2021/2022 have quietly shut down without even informing their investors. As if such a quiet rug is the acceptable practice. At least send a sorry, good bye and thank you email FFS
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1/ Introducing EulerEarn: Passive yield, professionally curated. A set and forget way to access curated, optimised yield strategies in a single deposit. $50,000 incentives on USDC ↓
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All chains have bad actors, it’s a byproduct of a permissionless environment. It’s not a problem siloed on Base, but let’s not act like public chains don’t have mechanisms in place that enable market participants with malicious intent to deploy contracts with the intent of
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$.14 --> $.40 from here and I believe the current fundamental story is in a similar position now relative to what it was back in February. After having their highest ever month of revenue in July, @maplefinance is on track to surpass it for August. The SYRUP val relative to TVL
The market is under-indexing Maple's explosive surge in net deposits that are being driven by an institutional approach following the removal of their undercollateralized books and shift to secured lending and overcollateralized loans. Under the hood is an amazing business with
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Kenneth's track record outside of being laughably wrong about bitcoin/crypto for years: - Published Growth in a Time of Debt, where third parties identified coding mistakes in Excel, selective data exclusion, and unconventional stat weightings. - Predicted this year that the
Almost a decade ago I was the Harvard economist that said that bitcoin was more likely to be worth $100 than 100k. What did I miss? I was far too optimistic about the US coming to its senses about sensible cryptocurrency regulation; why would policymakers want to facilitate tax
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Euler now has nearly $3b of TVL on top of EulerSwap on the doorstep of processing $2b in volume. While encouraging, it still surprises me very few crypto research firms have created dedicated pieces to cover one of the most successful protocol growth stories of the year and the
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With @sparkdotfi recently receiving 45m syrupUSDC in a new round of capital allocation, there is now +500m of @maplefinance syrupUSDC there. Spark holds the most syrupUSDC of any protocol on Ethereum by a wide margin with Pendle as the next largest at 83m. For reference, the
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I've seen some commentary to the extent of "It's like Ethena but with better beta to funding rates and no unlocks." While I don't discount the possibility of underlying mechanisms being better, with asset performance at such a continual state of dispersion, being the kingmaker
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