Building a transparent defi dashboard at @defillama. Would rather be right than make money
Joined March 2021
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if youre looking to arb the situation
swap.defillama.com has all the top aggregators so we can get you the best price onchain
a16z just rebranded outside of crypto but actually crypto vcs have been silently investing in non-crypto projects for 2 years already
This is the chart of # crypto vcs that have invested in non-crypto (among the top 25 by dealcount)
only ~50% of top vcs stayed pure crypto-only
0xngmi retweeted
Which crypto cards pay cashback? Which have no FX fees? Which are self-custodial?
Our new crypto card dashboard compares 30 cards side-by-side so you don’t have to.
defillama.com/crypto-cards
We're hosting a DefiLlama event in Singapore for Token2049
Our previous event got oversubscribed by 5x, so get in now before we fill capacity
For 'Who invited you?' just write '0xngmi' so we know you're coming from my tweet
luma.com/685mx98g
We just created a new metric for exchanges: realized perp slippage
1. We take a snapshot of the orderbook right before market orders execute
2. Calculate the slippage at which it should fill ($0.94 on Binance)
3. Compare against actual slippage on the fill (actually $1.63)
Which exchanges have your tokens? Which work in your country? What are the fees?
New on DefiLlama: Find My Exchange
50+ exchanges compared on costs, slippage, liquidity & volume. Advanced filters, token finder, and detailed per-exchange pages.
defillama.com/exchanges
It's been a long journey getting here:
Numbers reported directly by projects tend to be wrong cause projects are incentivized to show high APYs to attract capital
So then you decide let's get data from onchain only by reading pricePerShare or equivalent. But there are pools with slippage on withdrawal for larger amounts, pools with low withdrawal liquidity, and pools where the number is just wrong cause of fees
Then we started depositing into pools directly to benchmark real yield, but we missed historical data, the APY could be faked if our address was targeted, and your deposits are so low that you might be able to exit any time but someone with 10m cant, so you can't tell if its liquid
By simulating withdrawal transactions from all depositors we completely eliminate any possibility of cheating, we know exactly how much everyone is earning, how much could be instantly withdrawn if there's a bank run, we even simulate multiple stage withdrawals so we know exactly how long the delays are in those cases.
I think this is the end game, we now have perfectly accurate data so you can trust our numbers (rn its only rolled out for pools with the verified badge, but rolling out to everything soon)