Clear explanation of @aave V4. Translating in traditional lingo: Hubs = vaults (multiple per chain, not one per chain as described on Aave blog which was confusing) Spoke = markets You come in through spoke (key difference) so you can use your collateral to borrow

Public servants, paid your money, coercing you to give them more power and keep their payroll. @BIS_org should be pushed on the right path, oblivion.

"There is, no doubt, considerable room for improvement in the current system. [...] Nevertheless, the merits of the core architecture of the system with the central bank at its centre should be recognised and preserved." - @BIS_org Someone wants to keep his job above all

"a new type of financial market infrastructure – a “unified ledger” – which may or may not use distributed ledger technology (DLT)" - @BIS_org One server is Basel can solve everything. Unified under the control of the @BIS_org . Sounds like a plan.

USDT price chart is quite interesting with a regime change around April. Before there was an outside spread 0.999-1 (10bps fees from @Tether_to ). Now there is less volatility. Could be consistent demand since, more arbitragers or change of the rules.

Synergies of DeFi protocols

Enlightenment is only 4 coffee, 3 glasses of wine and 2 shots of tequila away

🔥 15%→28%+ APY: Private Credit On-Chain Leverage RWA Strategy 4 addresses | 20 days | $1.64M→$4.25M mF-ONE collateral 2.59x leverage | @FasanaraCapital's $5B private credit AUM @FasanaraCapital @MidasRWA @SteakhouseFi @MorphoLabs redefining on-chain finance 🚀 🧵1/6

💱 We Still Don’t Have a Unified Money Layer @SebVentures from @SteakhouseFi gave a crash course in monetary history, drawing a parallel to 1800s Scotland, where competing banks finally agreed to clear each other’s notes 1:1. That’s what enabled true financial interoperability. We’re not there yet in crypto. Today, USDC ≠ PayPal USD ≠ Dai ≠ sUSD. Stablecoins don’t clear at par. Every swap comes with slippage, every transaction with UX friction. And for institutions or enterprises that want deterministic finance, that’s still a problem. The challenge is to make stablecoins behave like one.

Do you wonder why tokenized public securities (stocks, ETFs, ...) are not as good as they could be? Because lack of redeem in kind. Why? Securities laws, esp broker dealer. Securities laws should be opt in, not forcing people to use worse solutions.