Ken Deeter (puntium.eth) 🦇🔊
@puntium
General Partner at @ElectricCapital. Supporting DeFi since 2018. Xeets not financial advice.
0/ I'm often asked: how do you keep up with DeFi when it moves so fast? My response: if you focus on learning a handful of core concepts, you'll be 80% there with 20% of the effort. 🧵The first 5 concepts you should learn in DeFi 🧵
Stablecoins are the killer app. Ethereum is the platform.
Holding $ETH is the best way to capture upside on stablecoin adoption, image from @ElectricCapital chads
给中文区的frens
1/ 以太坊是全球最大去中心化金融体系的支柱。 以下是核心数据，以及它对 ETH 的意义。⬇️
siUSD is Live on Pendle A new strategy for yield optimization with siUSD on @pendle_fi. More options. More yield. More points. No Leverage. Let’s break it down 👇
"Trust → Liquidity → Users → More apps → More trust."
1/ Ethereum is the backbone of the largest decentralized financial economy in the world. Here’s the data, and why it matters for ETH 📈
infiniFi - A new system with higher yields, unlimited scalability & no leverage. Your stables working for you.
The nice thing about building actually new primitives that it creates win/win opportunities all the existing TVL out there.
One of the best things about infiniFi is just how well it scales There is $4B of stablecoins on Pendle There is $6.3B deposited in Ethena We can easily soak up all of that, and give Pendle and Ethena deeper TVL to boot. $25B without saturation, and higher yields.
new defi primitives on the rise
🎉Term vaults pass $25M in deposits🎉 Earn up to 14% APY on stables 👇 app.term.finance/vaults
We've just crossed $100m in total deposits on Silo Avalanche, officially making it our second largest Silo deployment. From stablecoins to BTC, Silo v2 is providing the infrastructure to scale all forms of yield and leverage. On to the next $100m 🤝
After Sonic, Silo Avalanche is scaling nicely with almost $80M TVL and impressive 87% utilization of USDC. @SiloFinance V2 high-yield, isolated lending markets are crushing it.
$150M of ETH getting bridged to L2s every week.
1/ L2s aren’t just scaling Ethereum. They’re scaling demand for ETH. • 50K+ ETH bridged to L2s weekly • ETH = 35% of L2 lending collateral • Every new wallet = more ETH to hold, trade, and stake L2s turn ETH into the monetary base of the on-chain economy.
ETH 2x'ing from here would make me so much happier than BTC 2x'ing from here. Both are real things, but Ethereum really needs to exist for the future good of the world. And it'll show that there is more than one coin that matters -- which opens the door for everyone else.
One thing you learn as you delve into finance is how generally outdated it is. It is due for a major upgrade. Bitcoin created a new asset, but Ethereum created a new platform to serve all assets. And stablecoins are the bridge onto that platform. 👇
Stablecoins are spreading the dollar faster than any financial tech in history. And Ethereum is becoming the financial backbone. For Ethereum’s 10th birthday, we’re publishing our updated @ElectricCapital ETH thesis: Remaking the Case for ETH 🧵 1/
We've partnered with Modular to create Large Scale Inference (LSI), a new OpenAI-compatible inference service. It's up to 85% cheaper than other offerings & can handle trillion-token scale. We originally created it at the request of a major AI lab to do large scale multimodal…
Crazy amount of work went into this. Happy to see this become a live resource for everyone.
25,000 devs are building in open source crypto right now. The Electric Capital Developer Report site now updates weekly, not yearly. You can now track live dev stats for Bitcoin, Ethereum, Solana, and more. (1/6) ⬇️
Love to see crypto coming back to SF
0/ Say hello to @ethereumhouseSF A local hub for Ethereum builders, researchers, founders and investors in San Francisco’s @frontiertower. We’re excited to be supporting the Ethereum House with grant funding and collaboration from EF team members.
Now live - the first integration for PT-iUSD is up on @MorphoLabs. Thanks to our friends @SteakhouseFi , users can borrow at a 91.5% LLTV against PT-iUSD allowing leverage up to 11x. infiniFi is bringing financial flexibility that the world demands.
Silo v1 deployed for the first time on Ethereum Mainnet in 2022. Three years later, we finally return to the chain where it all began with a redesign of our isolated lending vision. Silo v2 is live on Ethereum - and the first ever lending integration for @pendle_fi LPs. 👇
ZKLOBs on blobs 👀
Introducing the Wynn Upgrade A privacy-first architecture for Hibachi, built with @celestia underneath and @SuccinctLabs A high-performance CLOB with ZK proofs, the first to publish encrypted state on Celestia Private DA if we ever rug (we won’t), you can still get your funds…
Ethena assets are powering @infinifilabs sUSDe & Ethena PTs now sit at the core of iUSD, InfiniFi's digital dollar Over 50% of InfiniFi's iUSD backing will be allocated to Ethena assets sENA holders are also eligible for boosted InfiniFi points
infiniFi x Ethena Announcing our alignment with @Ethena_labs - amplified APY, smarter risk exposure, & new rewards for sUSDe, PT, & Ethena holders. Same Quality, Higher Yields, No Leverage. Here’s how it works 👇
google cloud going down is the world reminding you why decentralization matters