samyakjain.eth ๐ฆ๐๐ฅ ๐
@smykjain
Followers
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Following
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328
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Co-founder @Instadapp @avowallet @0xfluid . Ethereum. DeFi. Forbes 30 under 30 India.
Joined May 2014
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Send us removal request.
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@Uniswap
daily ETH/USD volume is >$1B on mainnet daily which is more than Coinbase even with heavy gas cost.
It's soon going live on
@0xPolygon
which has near 0 gas cost.
Will Polygon become the main hub for swaps using the most advanced swapping algorithm ever created?
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The biggest DeFi use case will be to transform the forex market which does $6.6T in daily volume.
DeFi will help to become a trusted neutral layer between nations & cut down the costs exponentially.
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Ethereum
Polygon
Optimism
Arbitrum
Zksync
Thatโs it. Thatโs the tweet.
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What ifโฆ
@0xPolygon
releases a 1 click private blockchain with pre-set validators and call it web3 servers.
Just like how AWS allows you to deploy web2 servers. Polygon can allow you to deploy rollups.
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How I start explaining blockchain to someone?
Me - Who creates $?
People - Federal Government.
Me - What if you start creating it?
People - What?!
Me - Ok then, Sit tight for 20min.
Advice - Don't ever start with "it's blocks connected in a chain...". No one cares
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This user started with 8.5M USDC. Created the position of 51.5M Collateral & 43M debt in USDC by using the Max AAVE strategy at
Now earning $11,260,000 annually. That's 132% APY.
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Okay,
@0xPolygon
is my new playground. Mainnet experience with Metamask. Transfer fee = $0.000028.
Now gonna borrow $10 on
@AaveAave
! Yes! DOLLOR TEN!
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When the workspace throws you out because of closing time so you decide to make
@Uniswap
on
@0xPolygon
live from the footpath.
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How I earned 6% instant return in 1 Eth Txn using 4 protocols with just 30 lines of Javascript (No solidity).
Making $DAI stable in the process ๐ช๐ช
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People with +10000 fingers scare the shit out of me.
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I have been waiting to use crypto for regular things since forever.
Today I bought my food on Zomato via Apple Pay paying with $USDC using
@JunoFinanceHQ
.
Next bull run we are going full on mainstream anon.
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Testing Avocado Multi-sig internally๐ฅ
UX is so smooth.
Managing single multisig on 10 EVM chains rather than having 10 multisigs, one forย each chain.
From a single multisig for all supported chains, users will be able to:
1. Manage assets & NFTs.
2. Sign transactions.
3. Getโฆ
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Currently, users are earning risk-free +20% APY on stable at
@AaveAave
on
@0xPolygon
via
@Instadapp
mining strategies.
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Uniswap will become the critical base level infrastructure for future financial system.
Uniswap v3 introduced the most optimized trading algorithm. Flexible enough to be an AMM, a limit order or anything in between.
Uniswap v4 will introduce the best composability of thatโฆ
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stETH is 0.5% off the peg. Going 3-4x leverage long on
@AaveAave
with stETH <> ETH can get instant 2% return on ETH and constant 7-8% APR right now.
Best use of ideal lying around ETH.
Wait for instant 10% return when e-mode on Aave v3 goes live ๐.
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Nothing is scaling nearly as fast as Ethereum. In just over a month.
- Coinbase announced
@BuildOnBase
with
@optimismFND
.
-
@arbitrum
launched $ARB.
-
@zksync
launched Era.
-
@0xPolygonLabs
launched zkEVM.
Next bull run, Ethereum will be ready for billions of users.
Bullish ๐
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+10% APR USDC strategy by leveraging the current market conditions.
Using
@LidoFinance
's stETH,
@AaveAave
&
@Instadapp
's smart account.
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There's an opportunity of ~100% MATIC mining on
@AaveAave
on
@0xPolygon
(similar to COMP mining).
APYs on DAI:
Supply: 5.34% + 10.29% MATIC = 15.63%
Borrow: 12.72% MATIC - 7.33% = 5.39%
Liquidation on DAI at 0.8. Meaning you can go 5x.
Net: 15.63% * 5 + 5.39% * 4 = 99.71% ๐คฏ
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Community be comparing
@Uniswap
v3 & Curve of the stable-coin swap but what innovation Uniswap brings is anyone can deploy their own pool and the stable coins don't need to be of equal value. It can also be the pair of USDC <> RAI, DAI <> RAI, etc which is an untapped market.
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Yield farming is cool but still, my favourite thing is to go long on ETH.
1. Deposit ETH.
2. Borrow DAI.
3. Swap DAI into ETH.
4. Deposit it back again.
or do everything in a single step on
@Instadapp
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It's been 3 hours since we released Bridge b/w
@MakerDAO
&
@compoundfinance
and already 1015 $ETH and 162564 $DAI has crossed the bridge.
This is awesome ๐คฏ
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Shower thought!
Use L1 AMM liquidity for L2 AMM?
With
@BalancerLabs
v2 using the asset manager it can allocate a small part of the asset for L2 AMM to kick start the AMM environment in L2 without the need of any liquidity provider on L2.
cc
@fcmartinelli
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Due to sudden $ETH plunge CDP owners started to shift to Compound because of 75% liquidation ratio.
Currently on
@InstaDApp
more assets are managed on
@compoundfinance
than
@MakerDAO
. ๐คฏ
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Hoping to see Polygon exceed all the centralized exchanges on swaps.
Better thing. Centralised exchanges might start rebalancing trades from Polygon in future due to better price availability than the market makers.
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Just captured instant 36.5% (10,652 USDC) returns on 29,186 USDC by going >10x on USDC vault with the use of DSA's flash loan on
@Instadapp
.
At the time, 1 DAI = 1.03 USDC.
Increased DAI supply by 360,000 and helped in making DAI stable.
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Just used
@optimismPBC
for the first time to test out
@Instadapp
's integration.
UX of Optimism is by far the best in L2s imho.
Bullish ๐
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First-ever flashloan aggregator going live in ~2 weeks at
@Instadapp
โ
Aggregating many providers on a single chain.
โ
Multiple chains support.
โ
Access wide liquidity and most tokens.
โ
Advance routing for lower fees & better liquidity of tokens.
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In a single day around 3,865 $ETH ($1.2M) & over 500K $DAI has crossed the bridge from
@MakerDAO
to
@compoundfinance
.
Decreasing the supply of $DAI by 500K and increasing the amt of $DAI locked in Compound due to increase in $DAI APR.
Enabling $DAI stability from both sides. ๐
Launching the Decentralized Bridge between
@MakerDAO
&
@CompoundFinance
- easily switch your debt position b/w protocols with best rates in just one click.
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The proposal to increase capital efficiency on the MATIC market went live on
@AaveAave
v3 on
@0xPolygon
.
What does this mean & the opportunities it opens?
Thread ๐งต
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๐ Someone did an arbitrage txns between DAI <> USDC via DSA using Flash loan and
@1inchExchange
connector with just JS script.
Total trades ~$134,000 ๐คฉ
Net benefit ~$30 ๐ค
All of it is done without any initial capital.
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Construction of Bridge ๐ b/w
@MakerDAO
&
@compoundfinance
is almost completed. Just transferred 0.1 $ETH and 100 $DAI from Maker to Compound in one click. Inaugurating soon ๐
#Interoperobility
b/w
#DeFi
protocols
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~15% returns on your ETH. Best low-risk ETH strategy in the market afaik.
Introducing the easiest way to earn a high APR on your ETH holding. Go long on stETH by borrowing ETH and make a juicy return! ๐ธ
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Staked tokens utility is going to be a huge market.
DeFi protocols accepting staked tokens will replace the base assets as the market gets more fluid for staked tokens.
Staked assets will become the default collateral for most users.
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Long time ago in our first bridge contract, which interacted with Uniswap. I added this function with a comment "highly unlikely to happen".
Guess it got some $UNI in it.
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๐คฏ Someone swapped 548k USDC debt into 543k DAI debt. Thatโs instant $5000 discount on the debt plus 4% discount on borrow rates.
Borrow APR:
DAI - 2.7%
USDC - 6.69%
The season is coming to an end. It's time to rotate the crops ๐ฝ to maximize your $COMP earnings.
Introducing Debt Swap - switch your Compound stablecoin debt from USDT to DAI in a single click. Pay less interest and earn more COMP.
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I just deployed my DEX platform powered by
@KyberNetwork
. I tried to make it as easy as possible. Just a one pager dapp with an easy to swap UX.
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In few weeks, this is what user's will experience.
Most advance DeFi protocol with exceptional UX.
We are thrilled to announce a pre-launch deposit of $500,000 into the Fluid Protocol ๐ง
If you can outsmart our smart contracts and hack in, the funds are yours to keep.
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1/
@Instadapp
's new LM recently got live with a new
@Uniswap
v3 staker. Allowing ETH/INST NFTs to get APR from 9.21% to 6150.81% (at the time of writing this).
This thread explains the Uniswap v3 LM mechanism.
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1/ I just proposed Automated DeFi Limit Orders on top of the
@Instadapp
protocol. A new kind of DEX build on lending protocols (
@AaveAave
&
@compoundfinance
) to possibly provide the best swaps for stable coin pairs (USDC, DAI & USDT).
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Potential revenue streams for Instadapp protocol (DSL).
Exciting discussion going on at
Appreciate
@akshaybd
to kickstart this discussion
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DEX idea better than
@UniswapExchange
. Forking
#Uniswap
and using
@compoundfinance
V2. One can make new DEX where pool liquidity will be in CTokens. CETH will be base token replacing ETH.
Liquidity provider will get benefit from swap as well as interest via
#Compound
.
1/
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Launching
@MakerScan
Telegram Bot to track
@MakerDAO
CDPs. Would love to hear your feedback.
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Earnings on
@Instadapp
Lite going live tomorrow.
Users will be able to track how much they have earned lifetime through a vault.
Eg: This user earned ~23 ETH within ~15 days on his ETH deposits ๐
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ETH rates have been updated. >13% APR on your stETH <> ETH on Aave.
- Optimized ETH rates.
- Proper incentivization for leveragers leads to better utilization.
- Better utilization leads to better ETH supply rates.
Now with the $2B ETH borrowings rates will increase merely 2%.
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Who's ready for 6% APR on your BTCs?
Coming soon...
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Great summary of Instadapp Fluid โฌ๏ธ
1/14 Imagine merging Uniswap, Maker, Compound, Aave, and Curve.
The result?
Fluid - a revolutionary liquidity layer for lending, borrowing, and trading that combines the best DeFi has to offer.
Here's how it works: ๐งต
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How it started vs how it's going ๐
1/ Today, we are thrilled to unveil Fluid (
@0xFluid
)
An ever-evolving DeFi protocol, base for future financial system.
Enabling highest capital efficiency and unbeatable rates.
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Just batched 4
@UniswapProtocol
swaps into one txn to swap my dust tokens all into ETH using DSA with just a few lines of JS.
DSA makes is so much easier for DeFi Composability.
In the process:-
1. Saved some Gas.
2. Saved time by not doing 4 different txns.
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Day 2 of
@0xfluid
launch.
TVL: +$20M
Total Supplied: +$42M
Total Borrowed: +$22M
Safe to assume next week's target as $100M TVL? ๐ค
Interesting! ๐๐๐
In less than 24hr,
@0xfluid
has reached $11M in TVL with ~$24M in total supply & ~$13M in total borrow.
Currently, users can earn +100% in APR on stable through on-going rewards.
And users can earn +15% APR ETH collateral while borrowing stables against it.
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When it's web3 so you launch it before the official team itself as everything is open and decentralised.
Never have been possible in web2.
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Aave has seen a massive rise in ETH borrowings 4-6x (~$0.8B) since the addition of stETH collateral. Changes in ETH rates will allow the borrowings to go up to (~$3B) while increasing APRs for ETH lenders.
Discussed in detail here
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With
@avowallet
you can transfer funds from "any address on any chain to any address on any chain"
For example, in this txn, I'm transferring 200k USDT from Ethereum to a multisig on Polygon.
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๐ฅ Amazing! Just 10 days since Avocado's launch, we've achieved:
- 4,000+ transactions
- 600+ users
- $10,500+ total gas spent
- $1,000+ in governance revenue
And we're just getting started! ๐
EOY Goal: $100,000 avg. daily gas spent!
1/8 ๐ฅ Say hello to Avocado, the next-gen smart contract wallet to simplify and onboard the next billion users to web3!
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1K
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Current APY on USDC on AAVE mining is more than ~190%.
Math:
supply: 19.85*6.66 = +132.201%
Borrow: 10.2*5.66 = +57.732%
Net: 189.933%
You can go up to 6.66x on USDC using the Max AAVE mining strategy at
Aave Liquidity Mining is live! ๐
Leverage your position on Instadapp and maximize your $AAVE returns by 10x and even more than 100% APY in the best-optimized position ๐ค
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Just did 1 click Uniswap NFT rebalancing.
Removing the trouble of manually withdrawing, swapping and creating new NFT to get in range or change range.
Strategy coming soon on
@Instadapp
;)
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2 of my favorite strategies in this current market. Easy to use:
- +10% APR on ETH.
- +6% APR on USDC, DAI & WBTC.
Thread context:
- Staked ETH situation.
- Strategy. The what & the how?
- Risks: Economic and market.
1/
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@coryklippsten
@a16z
lol. I was reading so seriously and got Vitalik into this sh*t, and suddenly none of this was valid.
You probably would have called bullsh*t on many more things which have not collapsed, which you will surely not mention here.
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There's gonna be a 2 digit APYs on
@AaveAave
in 2-3 hours when AAVE mining goes live.
@Instadapp
is ready for AAVE mining. Instadapp's users are getting ready for AAVE mining. Are you ready?
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Super excited to onboard
@DeFi_Made_Here
as core team member.
Our vision together will be to take
@Instadapp
to multi-billion $ valuation and we are just getting started.
We will be fronting on all ends to make Instadapp the best DeFi hub!
- Instadapp Pro: Best DeFi aggregator.โฆ
1/๐งต 6 months ago I read an
@Instadapp
blog article that made me re-imagine the DeFi
Today I'm joining the team as a Head of Growth to build the next ๐ฆ
This is my story of how a random Twitter guy made it to become a C-level executive in the most advanced and promising project
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Earning on ideal ETH which no risk?
1. Deposit ETH & borrow DAI in ETH-A vault.
2a. Deposit DAI on Compound & Maximize COMP mining.
2b. Deposit DAI in Aave & earn 13% APY.
2c. Deposit DAI in Curve & earn >10% APY.
Secure vault with Automation on Instadapp. Sit back & relax.
Introducing Instadapp Actions! ๐ค
Automate your Maker ETH-A Vaults to refinance between Maker ETH-B, Aave & Compound to protect from liquidation. More advanced automation to come!
Powered by
@gelatonetwork
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DAI shorting. Better than yield farming at the moment? ๐คฏ๐ค
Returns +18% on assets with near to 0 risks atm by going ~12x on USDC Vault.
Current price: 1 DAI = +1.015 USDC (+1.5%).
Why & how? Thread.
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How I captured instant 1.7% return (~$1346) by swapping collateral from DAI to USDC.
DAI price is >$1.01. Swap DAI at a premium. Making DAI stable in the process.
Compound users can easily shift their position by using debt & collateral swap at
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In these hard times if your vault gets risky. Remember
@Instadapp
provides vault swap on
@MakerDAO
to switch from any collateral type to any collateral and have a higher margin on your liquidations.
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DAI trying to get stable for last 4 months.
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One
@avowallet
user took all the 8000 weETH supply limit and is now farming 2x
@ether_fi
& 1x
@eigenlayer
points at 2.4% ETH borrow rate ๐
The
@EtherFi
weETH is on Aave.
But ppl have sniped the opportunity and supply cap was reached in a few minutes.
Weโll coordinate with
@chaos_labs
and we will propose to increase caps shortly.
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We've been using our highly powerful flashloan internally at
@Instadapp
for quite sometime now.
It uses dydx, Maker, Compound & Aave to source the best available liquidity FREE OF COST.
Currently, you can borrow.
1. ~$189M of ETH.
2. ~$141M of DAI.
3. ~$141M of USDC & much more
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Using
@0xPolygon
reminds me of the before 2017 era on Ethereum main-net and how we used to pay 1 GWEI for the transaction to get through!
Good old days!
Scalability is coming sooner than you expect!
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It's been around 3 months since we launched
@InstaDApp
and it already covers 0.5% of total DAI creation.
This year's Target is to make it +5%. Anyone wants to contribute? ๐๐
~380k DAI lent via InstaDApp with USD +1 million worth ETH kept as collateral till date. We share a tiny fraction of 0.5% of overall market share in
@MakerDAO
protocol.
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@Instadapp
being the middleware. It involves us working with many other protocol teams.
Recently, while working with
@LiquityProtocol
. I got to know the dynamics of the protocol which makes it one of the simplest & most secured protocols (economically too).
Thread.
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In development since last 1.5 years. Finally it's out ๐๐
1/ Introducing Fluid!๐ง
An ever-evolving DeFi protocol, base for future financial system.
Enabling highest capital efficiency & better rates.
Here's what
@0xfluid
is all about: ๐
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Same multisig address allows users to get EOA like experience with multisig like security ๐.
Rather than managing 10 different multisig on 10 different chains. With
@avowallet
you manage a single multisig.
- Manage all your assets on all chains from the same page.
- Bridgeโฆ
As the Multisig activity heats up, we are seeing more and more funds getting lost due to Multisig address existing on just one network.
And thats why we designed Avocado Multisig in a certain way - same address on all supported networks.
Avocado wallet protects you. ๐ก๏ธ
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Currently, 1M USDT gives 1.005M USDC. That's 5k extra.
Doing a 10x leverage long on Aave v3 starting with 100k USDT can lock up an instant 5% return.
Now that all the FUD around USDC is gone. Why are people not doing it?
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*When ETH was at $4000*
People: I wish I bought it when it was $1000.
*Now when ETH is about to reach $1000*
People: Naah. Too risky for me.
*Next bull cycle when ETH reaches $10000*
People: I wish...
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DeFi is full of opportunities but finding them takes time and effort.
Here are 3 strategies on 3 chains using only
@AaveAave
on
@Instadapp
.
Thread ๐งต
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There's a huge incentive for Maker users. Mint DAI at 0% -> supply it on Compound at 6.86% plus earn free COMP.
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Fluid updates ๐
60 days since launch:
+$400M in market size โ
+$415k in revenue โ
In next 15 days, +$500M in market size?
Fluid's fun fact ๐
45 days since launch:
+$310M market size โ
+$280k in revenue โ
It's just been 45 days!!!
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Fluid's fun fact ๐
45 days since launch:
+$310M market size โ
+$280k in revenue โ
It's just been 45 days!!!
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