DefiShaka.eth (@DefiShaka) header
DefiShaka.eth (@DefiShaka) profile picture
Joined March 2013
Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)Photo by DefiShaka.eth (@DefiShaka)
DefiShaka.eth retweeted
Yield Basis $WETH LPs made MORE yield [per 1 $ETH in the pool] overnight than $ETH staking delivers over the year +4.1% overnight Meaning 1 WETH now is 1.041 WETH that LP can withdraw.
5
23
1,233
Patrick Stewart and Star Trek defined my childhood. The aspirational view of the future and humanity captured my imagination — Captain Picard was a huge part of that. So much so that my college entrance essay was based on the scene in Generations where Kirk tells Picard: “Don’t let them do anything that takes you off the bridge of that ship, because while you’re there… you can make a difference.” I titled it “Making a Difference.” Rest in peace, @SirPatStew. You made a difference.🙏
What a heartbreaking week it has been. Sir Patrick Stewart was a friend, a colleague, and a magnificent actor. From the stage to the bridge of the Enterprise, he brought intelligence, grace, and a deep sense of humanity to everything he did. Captain Picard stood for the best of us, and so did the man who played him. I was filled with affection and admiration for him and his work. My heart goes out to Sunny and his family. He will be deeply missed.
2
159
(1/4) A stranger just decided when I'd owe taxes on my DeFi rewards.🤯 A random wallet recently force-claimed rewards from a staked position on @ConvexFinance and sent them to my wallet. I didn't sign anything or ask for it. It asked for a tip. What happened? 🧵
6
1
1
27
9,330
@grok can you explain general consensus in the U.S. for when claiming defi rewards (such as from farming or staking) result in tax obligations (e.g. prior to or after claiming rewards in your wallet)
1
1
193
(3/4) Why this matters: in the US, claimed rewards are usually consider income (for tax purposes) when you receive them. Users often time their reward claims on purpose, considering the tax implications (such as claiming when prices are low). I guess anyone can pick the date and pull $$ of income into the current year without your consent.
2
5
1,237
(4/4) Why can anyone claim on someone else's behalf? I'm sure there's probably a good reason it was designed this way, but it seems weird that DeFi users don't control their own tax destiny.
1
10
1,163
DefiShaka.eth retweeted
Dobro jutro, new Union round! $88k in rewards among 422 members worth ~10.63m CVX! I believe a briber ended their campaign and nobody filled the gap, which means bribers are getting a good deal (more incentives per dollar for them!) Sucks for those getting the rewards though.
Buenos días, new Union round! $104k in rewards among 410 members worth ~10.44m CVX! Not much deviation from last week. But we're focused, moisturized and happy in our lane.
1
12
574
Did the @ResupplyFi summer end? On Aug 3, @ResupplyFi announced a "multi-round rewards campaign" on @VotiumProtocol to grow reUSD TVL & borrowing. Convex deposited ~310K CRV/round R128-R133, but nothing in R134, accounting for the ~$100K drop in R134 total incentives.
(1/9) @VotiumProtocol $vlCVX Round 134 Report: SUMMARY - $190.4K Votium incentives - $0.0079/vlCVX - 9% APR (at CVX = $2.37) HIGHLIGHTS - Votium total down 37% from R133, lowest since R127 - No $CRV incentives this round (R133: $109.5K) 👇
1
13
1,212
The Convex Treasury went from about 1.26M CRV just before the campaign to about 132K now, a drop of roughly 1.13M. It paid out 1.6M CRV (five rounds at 320K each), and that was partly offset by about 470K of new CRV coming in over the same period.
1
2
111
(1/9) @VotiumProtocol $vlCVX Round 134 Report: SUMMARY - $190.4K Votium incentives - $0.0079/vlCVX - 9% APR (at CVX = $2.37) HIGHLIGHTS - Votium total down 37% from R133, lowest since R127 - No $CRV incentives this round (R133: $109.5K) 👇
2
3
1
21
2,432
(8/9) @VotiumProtocol $vlCVX Round 134 Report: VOTE DILUTION The total number of $vlCVX votes for Votium-incentivized pools decreased 22% from R133, from 31.1M to 24.1M.
1
3
87