LobsterDAO 🦞

05 Jan 2025 20:25

Is Solscan the most complete block explorer on solana?

LobsterDAO 🦞

05 Jan 2025 17:58

Nothing to say about it. I have no complaints, for me BTC is to hodl not to stake.

LobsterDAO 🦞

05 Jan 2025 17:56

directly integrated into other applications for yield, its clever

LobsterDAO 🦞

05 Jan 2025 17:54

Do tell. Currently looking into the SolvBTC situation...

LobsterDAO 🦞

05 Jan 2025 16:44

Gotta ride the storm and have your system prepared for these events, even from a PR pov.

LobsterDAO 🦞

05 Jan 2025 16:39

LRTs are pretty much the same. Though again, no one shld call smth a scam just because they discovered double counting. Imo that should be legally punishable

LobsterDAO 🦞

05 Jan 2025 16:36

Great to pump up the TVL, but what should really matter is that when you go back, you shld get the underlying asset that u started with.

LobsterDAO 🦞

05 Jan 2025 16:33

Call me old school but I see all these “staked BTC” protocols as fugazi

LobsterDAO 🦞

05 Jan 2025 16:28

The guy is competitor with less traction too

LobsterDAO 🦞

05 Jan 2025 16:22

https://x.com/ivangbi_/status/1875923982496539037?=0

LobsterDAO 🦞

05 Jan 2025 15:29

West is just not US. West = US, Canada, Latin America = 70% of credit card usage vs. Europe / Asia Pacific 30%. May not be the right separator for sure.

LobsterDAO 🦞

05 Jan 2025 15:06

In the West or anywhere, retailers won't accept stables because all their costs (vendor payments, reporting, salaries, taxes, finanical reporting, investor reporting, etc) have to be still paid in cash.

In the West or anywhere, users don't pay using stables at retail because their "45-day free borrowed money" also magically pays them back 2% to keep using "free for 45-days money" loop. Visa/MC is created and owned by Banks. The 2% rewards are paid by users themselves (10% of users who delay paying back free borrowed money on time pays for the rewards for the 90% of the users). Retailers still negotiate rates or accept default merchant rates with Visa/MC as they own the entire customer stack (Customers + Visa/MC network + Banking Infra).

It is a really cool 3 Body Problem to solve.

LobsterDAO 🦞

05 Jan 2025 13:15

Killer app for stables is money that grows in your 'account' when you don't spend it, always has been. The crazy thing is most people outside of crypto don't realise this. Nobody gonna be signing transactions on the blockchain for it though, maybe cards r it?
Cashback is a mugs game

LobsterDAO 🦞

05 Jan 2025 10:53

Is there any simple visualization tool for univ3 lps to show slippage for the the buy orders?

LobsterDAO 🦞

05 Jan 2025 09:15

All happens on the app

LobsterDAO 🦞

05 Jan 2025 18:32

Good point. I think fees/TVL is a good metric à la ROCE in tradfi firms.

LobsterDAO 🦞

05 Jan 2025 17:57

its the least 'fugazi' BTC staking protocol ive seen in a while

LobsterDAO 🦞

05 Jan 2025 17:56

in terms of Solv, i think they have actually got a really clever design for their yield bearing BTC products

LobsterDAO 🦞

05 Jan 2025 16:59

I mean, a good indication is that there are no significant outflows, which means that majority of the users do believe in the product. Also none of the major news picked these statements up. Idk, maybe we shld add the guy here and share with him some knowledge on double counting

LobsterDAO 🦞

05 Jan 2025 16:42

I mean the clear intent was to cause a bank run on that protocol. It’s quite malicious, especially if not true. But at the same time if people made the same statement about USDT which they have for years upon years… nothing would have happened.

LobsterDAO 🦞

05 Jan 2025 16:38

Depends a bit… but sure there’s some stuff I don’t like too.
There’s so much to do in Defi, I don’t bother with these silly derivatives.

LobsterDAO 🦞

05 Jan 2025 16:34

Well it also applies to the Ethereum ecosystem as well with all those restaking protocols :)

LobsterDAO 🦞

05 Jan 2025 16:32

Defillama provided a good response imo: https://x.com/Define101/status/1875874232053506240?t=BHwo5k1rFmidkHnaGNwltw&s=19 and he is still trying to twist it towards his narrative.. though his statement that 1btc is not equal to 1solvBTC according to the dashboard is false. Of course it also depends on the quality of backing as they have there various versions such as WBTC, FBTC, MBTC.. though again; his statement is false. If I were Solv team, I would have sued this guy

LobsterDAO 🦞

05 Jan 2025 16:28

The guy probably woke up and thought he figured out smth... He discovered double-counting of TVL

LobsterDAO 🦞

05 Jan 2025 16:21

Sunday Intellectual Masturbation

LobsterDAO 🦞

05 Jan 2025 15:22

again, stop say the west, if you talk about US stuff lol

LobsterDAO 🦞

05 Jan 2025 13:48

you mean US, europe isnt used to cc cashback

LobsterDAO 🦞

05 Jan 2025 10:54

You can simulate liquidity a single sided liquidity and check buying amount required against number of tokens?

LobsterDAO 🦞

05 Jan 2025 10:05

we're looking to connect with folks at threshold network. any one from nucypher/keep here?

LobsterDAO 🦞

05 Jan 2025 08:27

I’m sure at somepoint some entity will vertically integrate payment processing all the way up to tbill hypothecation or smth and use stablecoins all the way through

I know PayPal has pyUSD I’m not sure what they’re doing with it