-
Main Channel t.me/blockchain_lobsters
Though importantly none of the outstanding bonds mature in the next couple years, have covenants + all are converable. So debt maturity profile is pretty solid -> they cannot get liquidated -> unlikely any forced selling before late '26 /early '27 -> if Saylor cannot refi ahead of time
Читать полностью…
Hey all, anyone here from Delphi? Got a quick question, will DM. Thanks!
Читать полностью…
It’s not, they will just wait a few weeks and try again
Читать полностью…
because behind the scenes they are getting paid obv
Читать полностью…
why did polygon themselves get involved in this? I thought it was a DAO proposal by 3rd parties no?
Читать полностью…
And as a aave staker protecting the polygon V3 market with my own money I’m not keen to be slash because of a protocol that has no concept of protecting their user deposits
Читать полностью…
And on Aave atm it is a very important work stream of all contributors to try to keep consistency on the approach with assets having any type of soft or hard rehyphotecation.
The issue here is that for people selling "we are just lending infrastructure" like Morpho, there is absolutely not benefit to work in that direction, only grow it. Is there a problem down the line? Who cares, we are just infra, go ask the "curators" because they fucked up. Users? Who cares, we are just agnostic
Polygon should also not hide and claim it was only Morpho, Allez and Yearn proposing this.
We all know how these things go. It was probably already a done deal for them
Maybe it is just butterflies for everybody to be friends?
Читать полностью…
great proposal. We should also use the assets in the burn address to make ETH great again. There is a few billy there, anything to beat Solana
Читать полностью…
https://ethresear.ch/t/pre-eip-northstar-the-wrapped-ethereum-liquidity-program/21290
Читать полностью…
This cycle a key indicator to follow to call a BTC top will be the MSTR NAV premium. As long as NAV premium is >1 (with costs and volatility maybe closer to 1.2) Saylor has his infinite money glitch to purchase more BTC and pump your bags. Below 1.01/1.2x it is unprofitable for Saylor to issue stock / convertible debt to buy BTC
Slow down in purchasing of $MSTR, is an indicator of lower expectation by investors of sharp BTC price rises to in the short to medium term.
lower expectation of large btc price rise -> less buying $MSTR -> lower $MSTR NAV premium -> $MSTR Issues less converts to buy more BTC -> large incremental buyer out of the market -> restart the loop
Can we organise a CFN at ETHDenver for this?
Winner gets its proposal accepted
pretty sure they would've been involved in the ideation of this proposal
Читать полностью…
Bad debt socialization is an approach (which I don’t like) to deal with bad debt.
But it’s not like all deposits are up for grabs in such a system.
Claiming they don’t protect user deposits is a bit hyperbolic to me
Yes no doubt none of their execs actually wrote any of those tweets either it was all PR firms.
It's interesting how so few advocate for Polygon. Morpho and Aave DAO participants compete on Twitter because they have the capacity to but Polygon? I haven't seen anyone really come to their defence aside from employees.
Reminds me of those prank videos but instead of “it’s just a prank bro” they claim “it was just a proposal bro”
Читать полностью…
Jokes aside, re-hyphotecation is a big deal (problem) in all senses. And similar as with tradfi, it always comes in a nice envelope
Читать полностью…
-ev for Polygon to disclose how much Morpho granted because another equally hungry network will come along and offer the same or better to them
Читать полностью…