yield enjoyer.
Joined August 2021
- Tweets16K
- Following922
- Followers1.2K
- Likes146K
The Merkl team were early pioneers in yield bearing stablecoins. part of their edge in what they do today comes from having built and operated a DeFi protocol and stablecoin firsthand.
How @EthenaPay streams rewards to its users with Merkl.
Ethena Pay users get up to 6% rewards on their dollar balances, paid daily. But each user is owed a different amount every day, based on their balance, their tier and the USDe base rate of the day.
To run that at scale, Ethena Pay plugged its reward logic into Merkl. Ethena calculates each user's rewards, and Merkl turns them into daily USDe distributions, fully inside the Ethena Pay app.
1,600+ users less than a month after launch. $6.5M+ in user balances and $3M+ in cumulative card spend, with only a fraction of the waitlist onboarded so far!
Fara Crypto retweeted
This is one of the product releases you glance over and don't take seriously but you should. Earn+ will be one of the killer features for Ethena Pay that is almost impossible to compete with for dollar savings at scale.
I'd hope I'm within the top ~5% of DeFi power users, but I don't even spend the time and energy to optimize DeFi loops across multiple chains and lending markets which requires 24/7 attention.
This is a one-click access point to optimized levered USDe rewards with the capability to operate cross chain from a single vault with no management of debt positions required at all.
This is the highest unincentivized reward rate on dollars at multi-billion scale with a simple one-click user experience that has averaged ~10-15% APY even during the bear market, and much higher in the bull market.
Available exclusively on Ethena Pay 🌍.
Introducing Earn+: up to 12% rewards on your dollars in a single click.
Available exclusively on @EthenaPay.
Fara Crypto retweeted
How @EthenaPay streams rewards to its users with Merkl.
Ethena Pay users get up to 6% rewards on their dollar balances, paid daily. But each user is owed a different amount every day, based on their balance, their tier and the USDe base rate of the day.
To run that at scale, Ethena Pay plugged its reward logic into Merkl. Ethena calculates each user's rewards, and Merkl turns them into daily USDe distributions, fully inside the Ethena Pay app.
1,600+ users less than a month after launch. $6.5M+ in user balances and $3M+ in cumulative card spend, with only a fraction of the waitlist onboarded so far!
Fara Crypto retweeted
Your full position history and PnL, now on Merkl 📊
Open any active opportunity from your dashboard to see how your position evolved and what it really earned you.
→ A chart of your position value over time
→ The full list of your deposits and withdrawals
→ Your PnL, priced at the moment of each transaction
Check yours 🔗⤵︎
Fara Crypto retweeted
کسی که غارت و دزدی در یک لیبرال‌دموکراسی را به نام انقلاب توجیه می‌کند، اما خیزش مردمی علیه نظامی سرکوبگر را، که غارتگری ویژگی آن نیست، تحقیر می‌کند، نه دغدغه آزادی دارد، نه پایبند اصول است.
تنها قطب‌نمای اخلاقی‌اش تعصب ایدئولوژیک است. این نه تحلیل سیاسی بلکه ریاکاری عریان است.
Fara Crypto retweeted
look the foundational problem with ethereum protocol design is that most of the people designing the protocol don't actually use ethereum themselves. you can't fix the right things if you don't use your own fucking product. you don't have enough skin in the game if you don't personally depend on the system you're designing & stand to lose money when it breaks. i understand, everything looks great from an ivory tower lol. things look very different when you're actually on the ground dealing with the consequences. if you don't use ethereum yourself but still think you're qualified to design its protocol, you're playing god with a system you don't have to live with and whose consequences you don't have to suffer.
Fara Crypto retweeted
"We want to create real utility for all our users, wherever they are in the world"
@EthenaPay is built around the core: earning, spending and sending, done properly
The best crypto card on paper isn’t always the best one in your wallet.
@EthenaPay's @litocoen on building for how people actually spend.
Fara Crypto retweeted
Europe .. Remind you of what the UAE Foreign Minister said a decade ago! Just in case you forgot (which you obviously did) !
Fara Crypto retweeted
great granular insights on @merkl_xyz with those new interactive campaign pills.
Harvest WETH Autopilot growth looks good here. It's now one of the largest WETH vaults on @base with over 600% TVL growth in the past 3 months
Fara Crypto retweeted
Options can seem complicated.
So in this video, I'm breaking them down through @DeriveXYZ - from calls and puts to actually understanding the UI.
We then put it into practice with:
• @koolkrypto223 's call spread strategy
• How options could hedge positions on @DeFiSaver
Would you use options to hedge your lending positions via DeFi Saver? Let me know
"most sophisticated tech I’ve seen in along time" and it's just a copy of Team Finance + Sablier with a vibecoded UI.
Fara Crypto retweeted
Hours and hours of previously unseen, sickening footage collected by @ManotoNews document the Iranian regime’s mass killing of protesters.
@AndyJehring and I were given access to this extraordinary archive — including footage captured by protesters in their final moments.
The scale of the bloodshed, and the brutality of the regime, are laid bare.
Read more here :::
mol.im/a/16154189
