Objective
@objectivedefi
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Objective Labs is a no-nonsense partner for risk management and growth in DeFi.
Joined December 2024
Today we are excited to introduce Objective Labs with the mission to scale DeFi beyond its bubble. We work with teams to find and execute on asymmetric opportunities. Our first partnership with @eulerfinance helped them scale to $1B in no time. This is our philosophy:
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With all the focus on risk exposure in lending markets lately, we wanted to share a bit from our work with Euler and how its modular architecture isolates risk by design. First things first: all Euler DAO markets across all chains, including Euler Prime and Euler Yield, have
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.@eulerfinance exceeded $600M total deposits @Plasma in just 5 days. Over $5B in stablecoins are on Plasma with $XPL incentives pushing yields well above 10%. The future for Plasma is bright with a @pendle_fi integration on the horizon. Trillions.
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.@redstone_defi Conviction Surge: 12M Staked in August 0 → 14.8M tokens staked in just 6 months (5.3% of circulating supply), with 12M locked in August alone. RED stakers earn 10-15% APY in both RED and EIGEN tokens and will earn rewards from RedStone data users across
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.@eulerfinance has the lowest FDV/Fees ratio among its peers. Similar to the P/S ratio in traditional finance, a low FDV/Fees ratio signals that the project is undervalued. Compared to @MorphoLabs and @compoundfinance, Euler's $EUL currently has a 3-5x lower valuation based on
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.@eulerfinance has the lowest FDV/Fees ratio among its peers. Similar to the P/S ratio in traditional finance, a low FDV/Fees ratio signals that the project is undervalued. Compared to @MorphoLabs and @compoundfinance, Euler's $EUL currently has a 3-5x lower valuation based on
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.@HypurrFi has unparalleled capital efficiency on HyperEVM with a total utilization rate of 50.4%. Utilization rate is the ratio of borrows to deposits in the protocol. Higher values mean higher capital efficiency and purrfect yields for everyone.
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Our dashboards? Real-time. All the time? Live data drives better decisions for DeFi.
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Weekly Inflows in RWA: 1. @MidasRWA: +$80M 2. @OndoFinance: +$59M 3. @m0: +$44M 4. @centrifuge: +$30M 5. @Theo_Network: +$6M 6. @fraxfinance: +$5M The space is evolving from "rising tide lifts all boats" to "winners take most" dynamics.
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.@eulerfinance now generates the most revenue per TVL out of the top 5 lending protocols. Each $1B on Euler translates to $4.34M in annual $EUL buybacks through the FeeFlow auction. This boost in revenue comes after Euler DAO voted in a fee switch for its flagship markets.
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cUSD by @Capmoney_ just hit $100M supply. According to @artemis, cUSD is one of the fastest growing stablecoins right now. $cUSD is backed by @PayPal's PYUSD, @BlackRock's BUIDL, and @FTI_Global's BENJI with @eigenlayer-powered credit underwriting.
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.@USDai_Official, the Arbitrum-native credit protocol for AI infrastructure, has reached $60M TVL on @eulerfinance. Curated by @k3_capital, this market lets users loop USDai PTs with fixed yields above 20%.
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Four scenarios, one clear pattern: every path leads to >$1B in ARR. "Hyperliquid has evolved from solving the on-chain perpetuals' trilemma into building a full financial operating system." Read the full piece by Objective and @Sumcap 👇
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2/ Why this matters? Higher fee efficiency translates to better yields for lenders. Protocols that generate 3.5% fees can offer more competitive rates than those at 1.7%. The efficiency gap suggests specialization with protocols serving different risk appetites. Euler's
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1/ The numbers tell the story: ✦ @Eulerfinance: 3.5% ratio on $1.5B TVL ✦ @KaminoFinance: 2.9% ratio on $3.1B TVL ✦ @Aave: 1.7% ratio on $68B TVL Limited supply drives higher rates. Euler charges premiums in focused risk segments. Aave competes broadly, pressuring rates
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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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5/ Strata Season 0 momentum accelerated this week. The team focused entirely on expanding integrations, here are the key developments: ✦ New vault integrations with @MEVCapital and @GearboxProtocol ✦ Pendle LP now live on Morpho ✦ @infiniFi_x partnership brings additional
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4/ Popular yield stacking strategy using Strata, Pendle and Euler. Step-by-step: ✦ Deposit USDe into Strata, receive pUSDe ✦ Deposit pUSDe into Pendle LP and YT ✦ Deposit PT-pUSDe on Euler and loop Total rewards stack: ✦ Strata points + Ethena and Ethereal points ✦
Strata x Euler: the Yield saga continues • >35% APYs unleashed with one-click looping. • Fresh supply cap increase ready for the picking. • Multiple strategies to diversify & maximize. Effortless DeFi, powered by @eulerfinance.
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3/ Most of Strata's TVL flows through @pendle_fi ($180M+). PT-pUSDe holders deploy across partner protocols for additional yield: ✦ @eulerfinance: $62M ✦ @infiniFi_: $6M ✦ @MorphoLabs: $5.5M ✦ @TermMaxFi: $2M Euler captures the largest share due to diversified markets,
Supply cap increased to $20M for @eulerfinance PT-pUSDe. Season 0 looping demand is on fire after Strata × @pendle_fi pUSDe TVL blasted past $50M. APYs are looking juicy! More integrations loading…
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