307242
Ariah Klages-Mundt
@aklamun #307242
ποΈπ§βπ¬ @gyroscope. Decentralized finance, applied math, network science. Prev: PhD at Cornell, analytics MBS/ETFs/indices
10 Follower 25 Following
I'll be speaking at @devcon about superliquid stablecoin mechanisms.
Will be sharing:
- what has/hasnβt worked in decentralized stables liquidity
- innovations that can help them compete with USDT/USDC liquidity
- A new liquidity engine in @gyroscope v2 that ups the game π
Will be sharing:
- what has/hasnβt worked in decentralized stables liquidity
- innovations that can help them compete with USDT/USDC liquidity
- A new liquidity engine in @gyroscope v2 that ups the game π
.@gyroscope's liquidity utilization rates are among the highest across DeFi today:
- USDC/GYD utilization = 401%
- USDC/USDT Uniswap = 57%
- Curve 3-pool = 50%
Further, the highest stablecoin volumes on Balancer today, other than Ethena, are settling via GYD π
- USDC/GYD utilization = 401%
- USDC/USDT Uniswap = 57%
- Curve 3-pool = 50%
Further, the highest stablecoin volumes on Balancer today, other than Ethena, are settling via GYD π
E-CLPs give better *liquidity profiles* for trading pairs.
Here's how the liquidity profiles compare for this rETH/wstETH pair.
Here's how the liquidity profiles compare for this rETH/wstETH pair.
GYD superliquidity showcased in today's volatility
- GYD swap velocity at 500% of circulating supply
- GYD pools doing up to 20x utilization while most major stablecoin pools at 2-3x
- Smooth and stable, within 2bp of peg
@gyroscope was built to weather storms like today
- GYD swap velocity at 500% of circulating supply
- GYD pools doing up to 20x utilization while most major stablecoin pools at 2-3x
- Smooth and stable, within 2bp of peg
@gyroscope was built to weather storms like today
LPs and DeFi projects can both agree: Rehype yields are good.
More native yield for LPs π€ lower cost of capital to incentivize liquidity
If you're not Rehyping on Arbitrum already, you should really consider it.
More native yield for LPs π€ lower cost of capital to incentivize liquidity
If you're not Rehyping on Arbitrum already, you should really consider it.
A few thoughts we have when we calibrate liquidity pools for LSTs/LRTs. Relevant with the (not unexpected) ezETH depeg.
There is a trade-off between LP efficiency and having deep liquidity at depeg prices.
There's also a misconception that you need liquidity everywhere.
π§΅π
There is a trade-off between LP efficiency and having deep liquidity at depeg prices.
There's also a misconception that you need liquidity everywhere.
π§΅π
What does capital efficiency look like? This is it.
@gyroscope's GYD's design makes it the most liquid stablecoin for its size while keeping the structure decentralized and more resilient than other stablecoins.
@gyroscope's GYD's design makes it the most liquid stablecoin for its size while keeping the structure decentralized and more resilient than other stablecoins.
And again today.
Between upcoming Rehype pools and increasing volume sourcing, GYD is shaping up as a nice alternative for risk-conscious LPs
Between upcoming Rehype pools and increasing volume sourcing, GYD is shaping up as a nice alternative for risk-conscious LPs
Already soaking up all the zkEVM volume π
Just a few days later and seeing even higher volumes settling through GYD.
Over 2.5m volume for GYD arising from independent swaps between USDC, USDT, DAI, and GHO.
With routing from 1inch, CowSwap, 0x, Pendle, Metamask, and Kyber
Over 2.5m volume for GYD arising from independent swaps between USDC, USDT, DAI, and GHO.
With routing from 1inch, CowSwap, 0x, Pendle, Metamask, and Kyber
The number of people holding more than $100 GYD has increased 500% in the last half of March.
Most heard: people are still surprised by how liquid GYD is.
@gyroscope gives you extremely efficient stablecoin liquidity while getting more resilient mechanisms basically for free.
Most heard: people are still surprised by how liquid GYD is.
@gyroscope gives you extremely efficient stablecoin liquidity while getting more resilient mechanisms basically for free.
How many other stablecoins can casually do over 100% of volume / circulating supply while remaining at peg?
Goes to show how GYD is the most liquid stablecoin for its size.
Goes to show how GYD is the most liquid stablecoin for its size.
LPs in GYD pools earn 5x SPIN and 25-41% currently from AURA/BAL rewards on @aurafinance
While enjoying better LP diversification against depeg risks and servicing volumes through GYD.
While enjoying better LP diversification against depeg risks and servicing volumes through GYD.
@gyroscope is the most liquid stablecoin for its size thanks to the pairing GYD x E-CLPs.
GYD packages safe capital efficiency and scalability in a decentralized stablecoin that is inherently liquid.
E-CLPs make liquidity for GYD as efficient as it gets.
These multiply
GYD packages safe capital efficiency and scalability in a decentralized stablecoin that is inherently liquid.
E-CLPs make liquidity for GYD as efficient as it gets.
These multiply
Gyroscope is the most liquid stablecoin for its size.
You experience this when you go to 1inch and find that even large orders can be filled with immensely low price impact.
Next up: scaling. With 50% growth in GYD in the last week.
Try it out and earn SPIN points at spin.gyro.finance π
You experience this when you go to 1inch and find that even large orders can be filled with immensely low price impact.
Next up: scaling. With 50% growth in GYD in the last week.
Try it out and earn SPIN points at spin.gyro.finance π
P.S. if you're up in arms about Ethena risks and looking for yield opportunities in something more focused on resilient design, there's a solution: @gyroscope
GYD E-CLPs are the place to look for risk-adjusted yield.
Good APRs from BAL rewards + boosted E-CLPs coming soon π
GYD E-CLPs are the place to look for risk-adjusted yield.
Good APRs from BAL rewards + boosted E-CLPs coming soon π
Some criticisms of Ethena seem misplaced once you appreciate the category distinction of what it is / isn't.
It is:
β A strategy that takes on certain high risks for possibly high variable yield.
It isn't:
β Designed to be a resilient stablecoin (e.g., compare to @gyroscope
design) or a stable yield source.
It is:
β A strategy that takes on certain high risks for possibly high variable yield.
It isn't:
β Designed to be a resilient stablecoin (e.g., compare to @gyroscope
design) or a stable yield source.
GHO βοΈ GYD βοΈ USDT is already a competitive swap route.
Even at times vs the currently larger GHO/USDT/USDC StableSwap pool.
Showcases the power of @gyroscope's E-CLPs + the liquidity-by-design of GYD.
Even at times vs the currently larger GHO/USDT/USDC StableSwap pool.
Showcases the power of @gyroscope's E-CLPs + the liquidity-by-design of GYD.
First volume through @gyroscope's GHO E-CLPs is for USDC/GHO but filled along the route:
USDC β‘οΈ GYD β‘οΈ GHO
Highlighting how GYD's liquidity-focused design makes it a great pairing asset with no cold start problem when it comes to liquidity.
USDC β‘οΈ GYD β‘οΈ GHO
Highlighting how GYD's liquidity-focused design makes it a great pairing asset with no cold start problem when it comes to liquidity.
Rewards just went live on three @gyroscope E-CLPs for GHO π
Look out for a formal announcement covering these pools soon.
In the meantime, these pools can already be joined to earn substantial BAL incentives.
Look out for a formal announcement covering these pools soon.
In the meantime, these pools can already be joined to earn substantial BAL incentives.