Product @0xfluid @jup_lend @VenusProtocol Flux; Tinkerin @Instadapp; @BlocSocIITR; @summerofbitcoin’ 22; prev @0xPolygon, @0xppl_, @labs_orbit; alum @iitroorkee
abyss
Joined May 2021
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gite retweeted
Juplend growing big
Jupiter Lend has $981.24M in active loans on Solana, more than Aave, the largest DeFi lender, has lent on any network except Ethereum.
Aave's next-largest is Plasma at $756.40M. Compound V3 has $648.53M across all its networks.
@JupiterExchange
gite retweeted
ethereum:0x6f40d4a6237c257fff2db00fa0510deeecd303eb initiated governance proposal to launch DexV2 in private beta.
The beta would start with lower limits and a small set of tokens to check that everything works as intended before raising limits and adding more assets.
DexV2 is just arround the corner.
gite retweeted
BREAKING: The FDA just granted accelerated approval to the first immunotherapy for a leading cause of cancer death in U.S. men under 50. This therapy allows certain patients to skip radiation, chemo, and surgery altogether.
gite retweeted
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
gite retweeted
Just use @0xfluid 😇
gite retweeted
$FLUID is the best performing DeFi token over the last 30 days.
Who's buying?
Gossip says someone keeps TWAPing it on CEXs :)
But the fundamentals look good:
• Best weekly revenue in 4 months
• $1.77B active loans, now the 3rd largest onchain money market
• Jupiter Lend: 6 biggest fee days in a row ($1.14M from Oct 11 - 17)
Not all green tho as buybacks are paused while the treasury rebuilds.
Big catalyst is DEX V2: soft launch is live now. Polygon first for testing, Ethereum this month
Also Fluid will launch on Sui: Hashi mainnet launches with $500M in capital backing, and Anchorage Digital joining
FLUID been one of my longest conviction trade since... years
gite retweeted
Arbitrum is Fluid’s third-largest deployment.
$240M in deposits, $107M in active loans and $23.7B traded on Arbitrum since launch.
The programmable economy is opening new ways for liquidity to move across financial products.
On Arbitrum One, @0xfluid is pioneering a liquidity layer for finance, bringing lending, borrowing and trading together.
So far Fluid achieved:
> $237M in market size
> $104M in total borrowed
> $99M in total lendings
The land of shared liquidity grows.
gite retweeted
🎥 @Kamino has been Solana's #1 lending market for years, but @JupiterExchange's Lend flipped it in just over a year. 👇
gite retweeted
At Fluid, we’ve verticalized the stack so fast to the point where even our own dashboard is missing a couple revenue streams (~$1.3M annualized is missing from the chart below).
Every dollar we generate goes to the $FLUID DAO.
$FLUID's weekly revenue continues trending up. The week ending yesterday was our best in the last 4 months.
gite retweeted
Fluid offers the best borrowing conditions in DeFi.
One wallet was liquidated 6 times on Aave in a year, losing ~$80K in penalties.
The latest liquidations hit on Aug 30 and Sep 2, with 78% of a $544K debt liquidated in just 3 days.
On Fluid, liquidation starts at 92% LTV, only liquidates the minimal needed to restore a healthy position, and carries a 1% penalty vs. 5% on Aave.
Stop paying more than you need to.
Migrate your loans in one click → fluid.io/1/refinance
