LobsterDAO 🦞

15 Oct 2024 22:34

to be fair it's $2m raise not $20m or more as you'd be more likely to see when the sofi narrative was hotter

LobsterDAO 🦞

15 Oct 2024 22:33

Hi guys, I'm Arsenii from ICP/Dfinity (previously was in Gnosis).
We have a free windows for events in our locations for share during DevCon
- at 9 Nov 3pm-7pm in room for 50 person. Location Zilla Space
- at 11 Nov 12pm- 3pm space for 100-200 person. Location Tribe

for more details and conditions fill free to text my colleague @babymonkey121212. You can mention me as referral

LobsterDAO 🦞

15 Oct 2024 22:28

Isn't the Sofi narrative over? Folks funding Arena $2M?

https://www.avax.network/blog/the-arenas-comeback-socialfi-app-on-avalanche-secures-2m-pre-seed-funding-and-plans-mainstream-expansion

LobsterDAO 🦞

15 Oct 2024 20:45

I've used the search button already and found some questions but nothing special. Do you know where I can find good articles, analytics and anything helpful regarding delta neutral strategies?

Even treasuries to copy or to learn from. Whatever you think would help. Thanks

LobsterDAO 🦞

15 Oct 2024 20:22

Hi! after Cancun hard fork and the changes to selfdestruct (EIP-6870), has this completely eliminated the threat of a proxy contract being rendered unusable by making the contract that holds the implementation make a call to selfdestruct? Is there any other potential issue on logic contracts that could be controlled by someone else? I can't think of any. In that case, would the pattern of disable initializers in the constructors be something that could be completely omitted?

LobsterDAO 🦞

15 Oct 2024 15:05

Hey Amr! Great question, here is a good up-to-date report on Maple : https://www.edgevana.com/edgevana-research?article=maple

LobsterDAO 🦞

15 Oct 2024 14:25

how is the fee for shielding determined ? is it ongoing like liquity where u compete with other borrowers on the rates that you set , or is it pre-paying some fixed yield in advance ?

LobsterDAO 🦞

15 Oct 2024 10:37

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LobsterDAO 🦞

15 Oct 2024 10:10

Yes little bit, but we need to either pay fee / lose some efficiency. No pain, no gain.

LobsterDAO 🦞

15 Oct 2024 10:08

Ohhh I get it. But you kind of lose some capital inefficiency

LobsterDAO 🦞

15 Oct 2024 10:04

Based on this, I think users are free to put any percentage of collateral to borrow, just make sure it is above 100% to borrow your stablecoin.

If user A chooses to borrow at 0%, he will need to make sure his reserve ratio is not the lowest one so he won’t get ‘redemption’ happened on his account.

If user B chooses to borrow with a fee, he basically pay user A interest rate to pay for him, or to be exact increase reserve ratio so he won’t get ‘redemption’.

LobsterDAO 🦞

15 Oct 2024 09:58

It better be pretty resilient, because every cent minted will be swapped for stronger assets

Source: dozens of CDPd have had the same fate

LobsterDAO 🦞

15 Oct 2024 09:57

Good luck in holding the peg

LobsterDAO 🦞

15 Oct 2024 09:47

Mind elaborate the redemption you mean? I thought redemption should always be an active action from user/owner. How it becomes pay a fee to protect himself from redemption.

LobsterDAO 🦞

15 Oct 2024 09:43

How do they get protected from liquidation without the protocol accruing bad debt?

LobsterDAO 🦞

15 Oct 2024 22:34

Now we know where Benqi has been throwing our funds 😎

LobsterDAO 🦞

15 Oct 2024 22:31

Haha:

Investors include Blizzard (the Avalanche Ecosystem Fund), members of the Ava Labs and Avalanche leadership team, Balaji Srinivasan, Abstract Ventures, D1 Ventures, Saron Funds, Alpha Crypto Capital and other angels with backgrounds from Galaxy Digital, Fenbushi, Republic, Espresso Systems, Efficient Frontier and Dao5.

LobsterDAO 🦞

15 Oct 2024 21:45

You can check out our Medium for deep dives on delta-neutral strats and relevant markets

ResolvLabs" rel="nofollow">https://medium.com/@ResolvLabs

LobsterDAO 🦞

15 Oct 2024 20:26

https://x.com/k06a/status/1846237785352466591 - introducing eveTokenomics concept (exponential veTokenomics)

LobsterDAO 🦞

15 Oct 2024 17:08

https://devcon.eco.com

LobsterDAO 🦞

15 Oct 2024 14:34

Fee is set by those that provide stability, we call them Rate Governors. It’s a stake weighted rate based on stake in reserve pool. The protocol also targets the range of rates set by users to not be more than 1%. If that happens the user that has a higher deviation will be redeemed first.

So the redemption order is:
1. Unprotected borrowings or expired protections as shielding fee is for a set duration of 1 year, applied pro data based on the fee paid.
2. Rate governors that set shielding rate that deviates more than target rate, this is to ensure these rate governors do not deviate too much to game the system. The rates can be set only once per day.
3. Rate governors with Lowest reserve ratio

The mechanism ensures two things:
1. 0% rates for those that need it, and those that can self manage their positions.
2. Predictable rate for those that need it.. regular users that need their collateral to be protected without complex management.

If any of you are interested in the mechanism, please DM me, I do not want to spam the group or make this a sort of marketing post.

LobsterDAO 🦞

15 Oct 2024 10:47

any detailed report about maple itself? the competitors ? for those specific projects with loans to offline businesses (risk trenches)

LobsterDAO 🦞

15 Oct 2024 10:18

Nice convo, but fin please. Enough marketing, good chat though.

LobsterDAO 🦞

15 Oct 2024 10:08

That’s why you mention preciously

LobsterDAO 🦞

15 Oct 2024 10:06

By reserve ratio- we do not mean collateral ratio. We mean a % of borrowing held in reserve pool. And reserve ratio is not a fee. It’s just the amount of stablecoins locked in the protocol, held in reserve pool.

An analogy from traditional finance is the cash reserve ratio. By managing the cash reserve ratio appropriately(by having users set appropriate values), the system contracts or expands the money supply to stabilize the peg

LobsterDAO 🦞

15 Oct 2024 09:59

I agree, and that’s what motivated us to build this.

The protocol also has yield from users that want to protect their collateral from redemption.

LobsterDAO 🦞

15 Oct 2024 09:57

We have developed a mechanism that can hold the peg

LobsterDAO 🦞

15 Oct 2024 09:51

Redemption can be from any user, but the protocol prioritizes redemptions in a certain way based on what we call as cash reserve ratio. We define it as a percentage of borrowed amount staked in reserve pool. This parameter is set by users that borrow at 0%, and the redemptions happen from the lowest reserve ratio.

The advantage of this model is that there are no borrowing costs for certain users, and they actively manage reserve ratio to achieve stability of peg.

While other users who do not want to manage their positions pay a fee at market rate at the time of borrowing. The rate is again set by users that provide stability.

LobsterDAO 🦞

15 Oct 2024 09:44

Liquidation is different, and all users are subject to liquidations based on their collateral value. I’m talking about redemptions.

LobsterDAO 🦞

15 Oct 2024 09:43

While the first set of users enjoy 0% rates and actively provide stability to the system and its purely market driven