core contributor @InverseFinance write @ https://xitter.cf/t.co/fNXQ1Em5ur
Joined May 2021
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SWAN DAO 🦢🦢🦢
swanUSD is live.
A DAO-governed stablecoin backed by wstETH, built on Monolith.
Stake swanUSD as sSwanUSD to earn protocol revenue.
Participation in the shared 100,000 SWAN launch airdrop opens today.
swanusd.com
Spinning up a DAO for your stablecoin is now a single toggle at deploy: "Include a governance token."
No separate launch, no extra contracts to wire up. The stablecoin and its DAO come into the world together. Only thru @MonolithMarket 🫡
🫡
Here's what happened @InverseFinance in September:
• @ResupplyFi $reUSD LP markets sold out their raised ceilings for the second time. The next raise is already on the forum
• ethereum:0xad038eb671c44b853887a7e32528fab35dc5d710 held near 4.7%, keeping fixed borrows cheaper than most variable benchmarks. As a result, FiRM borrows reached $73.2M against $91M TVL, with protocol run rate near $3.4M, almost double early August
• Collateral screening moved on diversification; two new markets are launching imminently (pending governance approval): ysyBOLD (@yearnfi vault on @LiquityProtocol V2's BOLD), and sinvUSD, connecting @MonolithMarket's first stablecoin to FiRM
• Integrated @merkl_xyz as an alternative venue for reward distribution on FiRM positions
• #sDOLA continued its rebuild: 17.5M DOLA staked, more than tripled since early August, still paying ~6% APY with zero emissions
• The @CurveFinance @llamalend V2 listing keeps proving itself as a growth channel for sDOLA demand
• #jrDOLA held DOLA's first-loss line: $202K staked, paying ~33% APY
• Something new reached Monolith mainnet 👀. Those watching the contracts have already noticed. Live very soon, bounty-covered on @sherlockdefi from day one
• And a new lending vertical kept moving quietly through final review and is now audit ready, with an auditor engaged and dates on the calendar. When it's closer, it gets the introduction it deserves
October is already moving. Onwards.
Come dilute my yield anon
The highest $DOLA yield in DeFi right now is not on FiRM.
The sDOLA long market on @CurveFinance @Llamalend V2 is printing up to 97.32% max net APY: leveraged sDOLA, yield compounding on yield.
$2.7M in liquidity. The loop is not a secret anymore.
curve.finance/llamalend/ethe…
edo🍑 retweeted
Congratulations to our frens at @aeroxyz. Partners since May 2022, from the early Velodrome days on Optimism to Aerodrome on Base, and now this.
A reminder for the people in the back: @InverseFinance is the #3 protocol holder of veAERO, with 9.1M veAERO, over 15% of all protocol-owned supply.
See you October 21.
Aero is set for takeoff 🛫
Launch date and details here:
aero.xyz/articles/aero-launc…
A reminder for security researchers: the @InverseFinance bug bounty is live on @sherlockdefi.
Up to $100,000 for critical findings. Real triage, real payouts, and a team that answers.
We have paid out before and we will pay out again. If you find something, we want to hear from you first.
audits.sherlock.xyz/bug-boun…
Hello @PharosWatch @TokenBrice, I have some corrections to share for the ethereum:0x865377367054516e17014ccded1e7d814edc9ce4 report. What is the best way to get in touch?
17 days ago I wrote that $INV's downside was a treasury worth exactly its market cap, 1.00x, with the protocol thrown in free.
Today, price-to-book sits at 0.88. Meanwhile, all three narratives are moving; revenue run-rate is up +50% and @InverseFinance forward P/S is 2.47.
Inflections look exactly like this at the start. NFA
edo🍑 retweeted
reUSD/sDOLA LP markets are now live on FiRM
@InverseFinance
1/
edo🍑 retweeted
Soon-to-be single sDOLA/USDC market on @Morpho seeks whitelisted curator. Profile attached.
Looking for someone reliable and stable. Our last one is getting de-platformed (whitelist removal, we'd rather not get into it).
Open to serious commitment or a casual multi-curator arrangement. Both work. You don't even have to lend.
DMs open // swipe right. 😘
edo🍑 retweeted
A first for Monolith: total borrows across Monolith coins have crossed $100k
We're building toward full adoption, with exciting updates landing soon. Just getting started.
monolith.market/
FiRM is starting to push numbers again 🔥
$50m borrows is within reach, $100m next. @remindmetweets in 2 months
Some performance indicators to kick off the week🟩
• Outstanding #FiRM borrows: +8% WoW, TVL $60M ↑
• $DOLA supply +5% WoW + peg within 35bp ↑
• $jrDOLA relaunched, now with $100k TVL ↑
• Fixed rate borrowing ($DBR) remains below @Aave USDC variable benchmark (4.07% vs 4.41%) ↑
Ditch fluctuating interest. Keep your DeFi strategy FiRM.
edo🍑 retweeted
Some of you will remember when @InverseFinance's Transparency Portal was considered state of the art, lauded as one of the best in the industry. Since then much of DeFi has moved in the same direction, and open dashboards are now one of the things our industry can share with TradFi with genuine pride.
We've recently shipped our latest iteration, built for #FiRM. $56.16m TVL. $43.17m borrowed. 46.06m $DOLA circulating, all on-chain data in real time.
Explore it all here: firm.inverse.finance/stats
What you can now see👇🧵
Come dilute my yield
21.83% APY on a dollar-pegged stablecoin.
invUSD staking is live on Monolith. Backed by sINV. Operated by @InverseFinance.
app.monolith.market/earn
edo🍑 retweeted
The @CurveFinance DAO Treasury now holds ethereum:0x865377367054516e17014ccded1e7d814edc9ce4 (as sDOLA).
DeFi's deepest liquidity hub choosing a decentralized, fully backed stablecoin as a core treasury asset is one of the strongest endorsements DOLA has ever received.
etherscan.io/token/0xb45ad16…
edo🍑 retweeted
1.5M gone, 3.5M DOLA still available to borrow with max-looped net yield sitting at 37%
sDOLA/scrvUSD is back on FiRM!
10.36% underlying APY
Borrow DOLA at 4.12% fixed
Loop up to 7.69x for 50%+ net APR
FiRM’s first @StakeDAOHQ onlyBoost market, built around the @CurveFinance stablecoin and LP
Up to $5m in DOLA liquidity approved by governance
