most likely to succeed | growth @backyard_fi | leading @perpsonsolana | Telegram: sol_mango
Solana
Joined September 2021
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- Following2.5K
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🔴 NO ONE THINKS IT’S A BIG DEAL... BUT
@hylo_so closed a $1M strategic funding round in one of the HARDEST times to raise for Solana DeFi
(and tbh for DeFi in general)
VCs and angels are very hesitant to invest in DeFi after all the exploits.
With Hylo, it might be the start of the Solana DeFi market going from a stagnation period to a more active phase.
Hylo closed a $1M strategic funding round led by @SolanaVentures with participation from @colosseum.
This marks Solana Ventures' 2nd and Colosseum's 3rd investment in Hylo, reflecting their continued conviction in our vision to scale leverage and yield infrastructure on Solana.
Mango retweeted
This is why @solana stays #1.
No major outages in over 2 years + upgrades that actually ship is the difference between a chain people only talk about and one millions of people actually use every day.
The infra is consistently improving. That's how you stay the leading chain.
🚨 [EASIEST EXPLANATION]
if you are degen (just like me) and don't understand why @anza_xyz's Alpenglow is big deal for @solana, this is for YOU 🫵
NEW POD
We cover:
– Why @kamino wants to be invisible
– Tokenization is useless w/o credit
– Why Goldman won't lend on private assets
– Why venture can't be collateral (yet)
– Why the CEO's upside is all solana:KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
@WeiszM @JasonYanowitz
TIMESTAMPS:
00:00 Intro
00:54 Why Leave Fintech For Crypto?
05:43 Why Join Kamino?
10:01 Kamino’s Vision For Onchain Finance
14:06 Who Owns The Customer Relationship?
17:13 Bringing Institutions Onchain: Four Pillars
23:34 Why Private Assets Need Onchain Credit
27:23 Which Assets Make Good Collateral?
33:27 Can DeFi Attract Top Asset Managers?
39:18 Running Kamino Like A Public Company
43:28 How Do Collateral And Liquidations Work?
46:45 Why Choose Tokens Over Equity?
50:05 Building Kamino’s Team
52:49 Final Thoughts
Why is no one talking about this MetaDAO project?
> @crediblefin recently surpassed $1B in payment volume, with ~$530M added in Q3 alone
Total is a little over $1.4B now
$CRED token is up 22% this month, at $0.66 rn
NGL, they’re one of the few MetaDAO ecosystem teams that are shipping hard 🤯
Mango retweeted
On Solana?
Holding stables?
Want them working?
You're already one of us.
Migrate your existing DeFi positions or put your capital to work with our yield manager, and earn up to 15% APY (your portfolio will thank you later 😉)
So, @onrefinance added $50M to their AUM in the past 3 months, which is INSANE 😤
Right now, a few ONyc strategies on @kamino, @ExponentFinance, and @Loopscale give you up to 6x point boosts, and I don’t think OnRe points have ever been more valuable.
Accumulate as many points as you can, as fast as you can.
Mango retweeted
As ONyc expands across DeFi, so does the need for visibility into the strategies built around it.
@elementaldefi has updated its dashboard to show every strategy allocating to ONyc and earning OnRe Points, giving depositors a direct view of their OnRe exposure within Elemental's interface.
First, we had a partnership with Samsung, then @solana’s logo ad in Shanghai, then the @solanamobile partnership with Ledger...
What’s next? Breakpoint 🇬🇧
T-minus 30 days until, what I expect to be, the biggest Solana event to date, packed with even more announcements, great speakers, and unmatched energy.
If you’re still debating whether to go or not, the answer is YES, ABSOLUTE YES ⚡️
bet against @backyard_fi if you want
but we won't stop shipping...
S0 launched on July 21st, and 2.5 months later, we achieved more than we could have imagined.
31 vaults, $2M in TVL, submission to @colosseum, and delivering one of the highest stablecoin APYs on Solana (15.30% btw)
onwards.
Backyard's integrated @solana vaults map
31 vaults, grouped by yield source categories:
• Lending markets: 24
• Market making & DEX liquidity: 5
• Delta-neutral & Managed: 2
We built the foundation during Season 0. Season 1 is when the map gets wider 🌱
Backyard is where you create your perfect strategy.
Honestly, this whole Ledger thing is fucked up
I don't want think in negative light, BUT crypto already has a pretty bad reputation outside of CT, and now, people can't even trust their COLD wallet
Which is supposed to be the "safest" way to store your crypto btw.
Hopefully normies won't take it as bas as it is. Meanwhile, pivot to @multisig
Wait...
So, you don’t have to choose between Spot, Curve, or Bid-Ask for your @MeteoraAG DLMM strategy anymore?
It seems like Meteora is launching DLMM Pro with customizable liquidity distribution that lets you mix & match the best mechanics from existing strategies.
What does your ideal DLMM setup look like?
Mango retweeted
Backyard Talks #2: How to win @colosseum series w/ @deanmachine
How did everyone miss this??? 🤯
@kamino TVL is up 27.5% over the last 90 days, from $1.09B in July to $1.42B today.
• Bottomed at $1.09B on July 14
• Peaked at $1.55B on Sep 28
• Sitting at $1.42B now, +30.6% off the low
In Q3, they shipped 4 new product categories: Institutional Yield, Fixed Rates, Galaxy as a vault curator, and @xStocksFi vaults with Kraken.
Momentum is building...
yeah man... I just love missing good entries on Solana coins.
Happy ATH for $MET today
Been 95% in stables for a while now
Nothing felt worth the risk in this cycle for me, but I'm starting to change that:
> Missed $BP at $0.81, then $1.11, then $1.21. Bought the dip today (thanks frank), as tokenized stocks and RWAs are going vertical and Backpack just has better tech than anyone else on the market.
> Picked up some $ONDO too. My thesis is simple, I just look at what they ship and what's in the pipeline (intelligent portfolios)
Would be also looking to get into @MeteoraAG ($MET), @MetaDAOProject ($META), @JupiterExchange ($JUP) soon.
