defi dev; NFT lover; twitter: https://twitter.com/0xGeekRunner github.com/chrisckwong821 dm on twitter open.
FraxBasePool(FraxBP) Review
Abstract FraxBP is Frax Protocol’s endeavour to create a basepool representation of Frax on Curve. It has the strategic value to enable FRAX liquidity for other protocols through deploying FraxBP metapools, providing a direct path to inject FRAX liquidity without being exposed to DAI and USDT. Further more FraxBP levers up the total basepool liquidity, and increased money supply of FRAX. With a better bribe efficiency than the classic 3CRV metapool, FraxBP has acquired 27 metapools deployment...
FraxBasePool(FraxBP) Review
Abstract FraxBP is Frax Protocol’s endeavour to create a basepool representation of Frax on Curve. It has the strategic value to enable FRAX liquidity for other protocols through deploying FraxBP metapools, providing a direct path to inject FRAX liquidity without being exposed to DAI and USDT. Further more FraxBP levers up the total basepool liquidity, and increased money supply of FRAX. With a better bribe efficiency than the classic 3CRV metapool, FraxBP has acquired 27 metapools deployment...
Is FPI riskier than FRAX
What is FPI ?FPI is an instrument that is inflation-pegged, 100% collateralized by FRAX, with yield backed by AMO strategy earning and FPIS auction in case of deficit.What does it offer?FPI offers US inflation pegged yield, which realised 7% APY in Q4 2021.It is implemented by a peg price that is updated MONTHLY when inflation rate is announced by US government: https://www.bls.gov/cpi/FPI peg price appreciation is smoothed out and increased per second in contract implementation. (check currP...
Is FPI riskier than FRAX
What is FPI ?FPI is an instrument that is inflation-pegged, 100% collateralized by FRAX, with yield backed by AMO strategy earning and FPIS auction in case of deficit.What does it offer?FPI offers US inflation pegged yield, which realised 7% APY in Q4 2021.It is implemented by a peg price that is updated MONTHLY when inflation rate is announced by US government: https://www.bls.gov/cpi/FPI peg price appreciation is smoothed out and increased per second in contract implementation. (check currP...
crvUSD - Curve's StableCoin
crvUSD = Uniswap-V3 + MakerDAO Uniswap-V3 concentrated liquidity & collateralised lending.(credit to https://crvusd.0xreviews.xyz/)Abstract: crvUSD provides an innovative way of stablecoin service that drastically reduces the loss during liquidation through the use of Lending-Liquidating AMM Algorithm (LLAMMA). LLAMMA spreads liquidity into bands and introduces “devaluation” of partial collateral when collateral price drops, and recovers the collateral when price bounces back; In a historical...
crvUSD - Curve's StableCoin
crvUSD = Uniswap-V3 + MakerDAO Uniswap-V3 concentrated liquidity & collateralised lending.(credit to https://crvusd.0xreviews.xyz/)Abstract: crvUSD provides an innovative way of stablecoin service that drastically reduces the loss during liquidation through the use of Lending-Liquidating AMM Algorithm (LLAMMA). LLAMMA spreads liquidity into bands and introduces “devaluation” of partial collateral when collateral price drops, and recovers the collateral when price bounces back; In a historical...
Risk of Stablecoin Farming
What is behind 1000% APY ? What is Yield Farming ? Providing liquidity to AMM in return for trading fee, and governance tokens has been a standard way of generating yield for stablecoins since defi summer in 2020. This operation is nicknamed as “farming” as liquidity providers often would “harvest” the interest in order to compound it back to the principle to maximize gain. Thanks for reading Gro Farmer! Subscribe for free to receive new posts and support my work. Why we no longer see 1000% a...
Risk of Stablecoin Farming
What is behind 1000% APY ? What is Yield Farming ? Providing liquidity to AMM in return for trading fee, and governance tokens has been a standard way of generating yield for stablecoins since defi summer in 2020. This operation is nicknamed as “farming” as liquidity providers often would “harvest” the interest in order to compound it back to the principle to maximize gain. Thanks for reading Gro Farmer! Subscribe for free to receive new posts and support my work. Why we no longer see 1000% a...
$GHO - AAVE [upcoming] stablecoin
Background $GHO is AAVE’s upcoming stablecoin. AAVE’s proposal to create it’s own stablecoin was passed in August and there is an audit already done by Openzepplin. Progress update is being done in the AAVE forum. The code continues being tested and audited and $GHO is still under active development. What is $GHO $GHO is a decentralised stablecoin that is governed by AAVE. Initially, AAVE lending pool would be the only “facilitator”(explained below) that can mint and burn $GHO by depositing U...
$GHO - AAVE [upcoming] stablecoin
Background $GHO is AAVE’s upcoming stablecoin. AAVE’s proposal to create it’s own stablecoin was passed in August and there is an audit already done by Openzepplin. Progress update is being done in the AAVE forum. The code continues being tested and audited and $GHO is still under active development. What is $GHO $GHO is a decentralised stablecoin that is governed by AAVE. Initially, AAVE lending pool would be the only “facilitator”(explained below) that can mint and burn $GHO by depositing U...
