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mono †

@monosarin

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Here to help you make it with/in DeFi. Will use: 🧠 threads 🧠 alpha

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Joined May 2021
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@monosarin
mono †
1 year
What would you do if you were to "make it" financially? (this is subject to every individual). Would you keep working, or would you go the "hedonistic" route and just try to "enjoy life" as much as possible?. Also, what is a "I made it financially" scenario for you?. To me, it's.
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@monosarin
mono †
4 days
RT @AltitudeFi_: The crypto collateral economy is maturing. Here’s why that matters and where we fit in:. Traditionally, tapping into your….
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@monosarin
mono †
4 days
Something I'd love to see, are expansions to other chains (L2s with fat TVL) and the integration of other DeFi protocols (you know, more rewards/yield). What's your opinion?. If you don't know what I'm writing about, start here ⬇️.
@monosarin
mono †
4 days
Summer is here, you're too lazy to do the DeFi clickity clicks, but you'd like to max out your BTC and ETH bags, and have no clue where to put them to work. Don't stress, enjoy your cocktail. 👇. Here's how to have your (cb)BTC and (wst)ETH farm while you're maxing Cuba Libre.
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@monosarin
mono †
4 days
There's two paths you can go by:. - loop the collateral and farm ALTI (be sure you're not going to get liquidated tho).- keep a low profile/LTW and let Altitude scoop the extras. The latter strategy is better if you possess more capital. Or are less risk averse.
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@monosarin
mono †
4 days
Average user loan-to-value ratio is sitting at a healthy ~27% with a lot of idle capital Altitude is using (when the time is right) to farm yield and kill borrowing rates. The formula is simple. Keep LTV low, let Altitude use your capital, sit back, and enjoy your Cuba Libre.
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@monosarin
mono †
4 days
In some instances, like the one below, you're basically being paid to borrow. Most of the supply APY is in the form of $ALTI (worth farming), but don't forget the rest of your capital is always in standby mode, ready to be deployed. Check here:
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@monosarin
mono †
4 days
Given that Altitude is using idle capital to grab rewards from, i.e Pendle, the yield is not that high. But it does add an extra layer of yield on top of what your debt position is already making. The cbBTC Vault, for example, is adding a few % on top of your debt position.
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@monosarin
mono †
4 days
Ok, to (de)construct the process:.🔵 you collateralize cbBTC or wstETH at a low LTV (like 30%).🔵 the max LTV is 60%.🔵 this means that virtually 30% of your (now idle) capital can be used to farm yield.🔵 and that's what Altitude is doing. P.S. you also farm the native token :).
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@monosarin
mono †
4 days
When I first wrote the article, Altitude's v2 Vaults were way smaller TVL-wise. Fast forward 2 weeks and the protocol's TVL is sitting at a nice $8.8M. Snippets taken from this Dune dashboard created by defisamurai:.
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@monosarin
mono †
4 days
Anyway, that's not the main topic. The main topic is "how is Altitude leveraging other DeFi platforms in order to perform yield strategies and reward its own users?". Automation and a focus on security (and yield, obviously). Which platforms does Altitude leverage as of now?
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@monosarin
mono †
4 days
As for wstETH, it's even bigger (so to speak) than cbBTC. There's basically twice as much (liquidity-wise) of it compared to Coinbase's BTC wrapper. "Why cbBTC and wstETH?". Obviously. THEY'RE LIQUID 😎. cbBTC (went live September 2024) is the fastest growing BTC wrapper.
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@monosarin
mono †
4 days
If you've asked yourself "why cbBTC and wstETH?", let me provide some info. On a side note, I believe the list of supported collateral types will expand, same as the list of yield protocols Altitude is integrated with will. cbBTC first. Look, there's $5B in liquidity.
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@monosarin
mono †
4 days
There's many things to cover so don't panic if the article is long. I did my best to capture all the details, and to make it as short as possible. Many things stood out, but I'll focus on parallel farming/yield strategies 🫡
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@monosarin
mono †
17 days
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@monosarin
mono †
4 days
If you need a TL;DR, no one does it better than @eli5_defi . So I suggest you read his piece first, and in the next post, my article on Altitude I recently wrote.
@eli5_defi
Eli5DeFi
5 days
➥ Unlocking DeFi Capital Efficiency. DeFi lending is stuck in a loop of inefficiencies, tying up user capital and capping returns with overcollateralization. On the other hand, @AltitudeFi_ transforming DeFi lending by turning cumbersome manual management into an automated
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@monosarin
mono †
4 days
Summer is here, you're too lazy to do the DeFi clickity clicks, but you'd like to max out your BTC and ETH bags, and have no clue where to put them to work. Don't stress, enjoy your cocktail. 👇. Here's how to have your (cb)BTC and (wst)ETH farm while you're maxing Cuba Libre.
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@monosarin
mono †
4 days
AMAs are oftentimes where the real alpha is. If not alpha, then the details you've been looking for. Treehouse co-founders will provide answers to all the (good) questions. Twitter (I refuse to call it X) Space info below:.
@TreehouseFi
Treehouse
5 days
🌳 Upcoming Space: The Tree Talks. You’ve asked the questions. We’ll bring the answers. Join our Co-Founders @mytwogweis & @bgohroo as we chat TGE, tAssets, and what's next for Treehouse. 🗓️ 4 Jul (Fri).⏰ 10 AM UTC. We're giving away $tETH (worth $300)!. See you, Squirrels. 🐿️
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@monosarin
mono †
4 days
Wait, if you're still not familiar with what Treehouse does, I wrote a thread (it's not that long) ~3 months ago. Of course I recommend having a read (no, it's definitely not a biased take):.
@monosarin
mono †
3 months
When was the last time a team shipped something that had the DefiLlama add a new category to its platform (we all love)?. @TreehouseFi did exactly that with the introduction of DOR. Quick intro and overview [also, see embedded post] ⬇️
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@monosarin
mono †
4 days
Some of these collect more than 5 types of rewards. Cumulative TVL (so, including Growth Vaults) crossed the $350M mark. If you've been maxxing Treehouse Nuts, you might be in a great spot soon.
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@monosarin
mono †
4 days
Problem TVL?. There's no need to open many vaults in order to attract capital. In fact, Treehouse's TVL is primarily in 3 vaults. >$339M is a pretty based number taken all things into consideration.
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@monosarin
mono †
4 days
Since Treehouse's DOR is actually a DeFi primitive TradFi bros can, will, and are using, I believe Treehouse will just keep growing. The team (40 people!) is making strategic and very smart moves, not rushing, taking everything into account, focusing on its own products.
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@monosarin
mono †
4 days
So, @mytwogweis laid out some fantastic points and was very accurate in his post, connecting as many Dots as possible. If you didn't read his post (y tho?), here's a TL;DR:
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