darkpools

Introducing Atlas Backruns, the first permissionless backrun OFA that doesn’t require PBS, and is compatible with all L2s. Powered by Atlas “Ex-Post Bids”, an on-chain “block building time” simulation engine.

There is an inverse correlation between technical difficulty and economic value. Many crypto teams fall into this trap bc so much of the industry is just based on ego-fueled research.

In a perfect world, if the depeg sustained and grew, liquidations would occur in an orderly process and protect lenders from duration risk and internalizing the depeg. But DeFi is far from a perfect world. The actors we need to help liquidations like this process smoothly do not…

Rough timeline of events here: 1. Justin Sun pulls ETH supply from Aave. 2. Utilization spikes ETH borrow rates on Aave. 3. stETH loopers are now unprofitable, so start de-leveraging. 4. A bunch of this de-levered stETH hits the staking withdrawal queue. 5. stETH depegs 30 basis…

Fun day to be a risk manager or curator of ETH pools. We need more war room livestreams.

LLAMA lend deserves a shoutout here too, but having the softest liquidation mechanism isn’t strictly an advantage for the protocol as a whole. Many borrowers would probably prefer a harder liquidation mechanism that better protects lenders, and thus offers the borrower lower…

Ranking DeFi liquidation mechanisms: 1. Euler: dutch auctions are best at finding the correct spread to offer liquidators, but can be slow. 2. Fluid: gas-optimization definitely helps, but less of a factor when large loans are concentrated by user; offering liquidations as swaps…

No one is ready for Curvance on Monad. Believe in something.

One of the risks of leveraged staked ETH strategies crystallizing right now. each loop currently 29bps in negative territory. 10x lev = 2.9% loss

Update: Gauntlet stepped in with some liquidity to bring the rates down, followed by a sizeable borrower exiting. Rates are stable now under the interest curve kink at 6%.

In a sense DeFi enables faster innovation. But the risk of SCs also dis-incentivizes innovation. Morpho is a beautiful protocol, but it’s also depressing that 500 LOC is so dominant, and it had created somewhat of a risk-off environment for developers.

Feels like dark AMMs will smoke CLOBs on L1s.

Remember that the RedStone OEV product has: @MarcinRedStone – hardest grinding founder in crypto @0xdoge_bull – Wrote the first-ever OEV whitepaper Me – Launched the first ever OEV product @mkmassari – Ex-Chainlink BD director

We all misunderstood OEV. Solving OEV means improving how we conduct liquidations. It means building an oracle that makes lending protocols better. Coming soon.

People, so you think @Curvance will actually launch one day? Or was it just a prank all along and I am the fool?

OEV design that works. Finally. What are better ways to handle MEV? Part 1 👇

Bullish RWA