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Joined June 2024
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GHO Community Sim is back.
In the coming days we'll ship an off‑chain, high‑fidelity #GHO model: methods & scenarios that make risk analysis accessible, usable & verifiable for contributors, risk teams, researchers & traders.
Start here: live index in the first reply 👇 NFA
Community-Friendly GHO Simulation Model
Building a high-fidelity GHO simulation model to make risk analysis accessible, usable, and verifiable by the broader community.
xitter.cf/0xjereyme/status/17968…
modellabs retweeted
Leading Ethereum projects announced today that they're launching the 'Ethereum Protocol Advocacy Alliance' to coordinate policy efforts.
Ethereum has needed something like this for quite a while now so I'm excited to see major players leading the charge!
modellabs retweeted
$GHO and $sGHO reached new important milestones!
$sGHO just crossed the 200M mark in circulating supply, growing by ~18% over the last 30 days.
Over 200M $GHO are currently earning a 7.18% yield without any protocol exposure. Simply deposit and earn.
Meanwhile, $GHO also hit a new ATH at 334M in circulating supply, up 17% over the same period.
With more integrations coming, we expect $GHO growth to remain strong through the end of the year.
🧵3/4
Sky/USDS (prop)
✅Staking rewards paid in $SKY (not USDS); 500M SKY → treasury; USDS buybacks ~ $300k/day; ~90d transition
✅Why it matters: align incentives & back the peg
Takeaway: tighter loop; watch dilution vs treasury risk
xitter.cf/tobalgarcia_/status/19…
Huge change potentially coming for $SKY holders:
• Fresh proposal to switch staking rewards from USDS to SKY, to SKY stakers.
• 500M SKY tokens moving to treasury for first implementation of SKY staking rewards
• SKY buyback rate would increase to 300k USDS PER DAY.
• After 90 days, rewards would be funded by SKY acquired via buybacks to make the system sustainable.
• Can revert if market conditions change.
• To be discussed in the @SkyEcosystem Community Call tomorrow.
1/8
Curve plan to scale ybBTC—bigger credit line, stronger crvUSD peg infra.
Quick read: more room for Yield Basis (YB) and more robust peg plumbing. Pending governance vote. 👇
7/8
User impact
If passed: more ybBTC capacity, fewer cap headaches—same hygiene.
Watch peg health, fees vs. rebalance costs, LTV drift, depth/liquidity.
Bigger pipes help manage tail risk; they don’t erase it.
8/8
TL;DR
Still a proposal—subject to vote. Beef up the peg (bribes + PegKeeper) first, then open a $1B crvUSD line to YB (~$500M capacity). Same design, bigger scale.
NFA/DYOR
Proposal: gov.curve.finance/t/set-of-p…
🧵7/8
Who it suits
✅Want BTC cash flow? Stay unstaked.
✅Want emissions + governance? Stake and maybe vote-lock.
You can switch if the market changes.
🧵8/8
TL;DR
ybBTC = a share that targets ~1× BTC + fees. Not principal-protected.
NFA/DYOR.
xitter.cf/blockmodel_lab/status/…
