@pyefinancei
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Pye is a DeFi platform for Solana stake. 🔥 powering https://nitter.cf/t.co/RSyrbM2PkY 🔮 incubated @incubator
Solana
Joined May 2024
- Tweets651
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- Followers5.9K
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Speedstake is live. A first of its kind, Solana-exclusive app where stakers can sell future staking rewards for SOL. Get your rewards today with 60+ Validators 🧵
Let’s go Toronto!
Erik Ashdown, Co-Founder at @pyefinance, is joining us at Solana Summit Canada.
@eash0x is rethinking staking, turning future rewards into liquidity while keeping principal staked.
Sept 23–24, Toronto, St. Lawrence Market North.
Pye 🥧 retweeted
Erik Ashdown, Co-Founder at @pyefinance, is joining us at Solana Summit Canada.
@eash0x is rethinking staking, turning future rewards into liquidity while keeping principal staked.
Sept 23–24, Toronto, St. Lawrence Market North.
Your staked SOL is earning ~6% a year. You can't spend a cent of it till it accrues.
Speedstake by Pye lets you sell those future rewards for SOL today, making the yield liquid.
Unstaking SOL takes 2-3 days. Speedstake by Pye takes under a minute.
Connect, pick how far forward to sell, and your future rewards land as SOL right now.
Need bridge funding for a known expense coming up, but all your SOL is staked?
Pull future rewards forward as SOL now instead of unstaking and praying the cooldown clears in time 🙏
Borrowing against your staked SOL is a loan. Speedstake by Pye lets you sell your future stkaing rewards at a discount.
One adds interest, liquidation risk, and a balance to repay. The other hands you SOL today with nothing owed, your stake still delegated.
Pye 🥧 retweeted
All your solana:So11111111111111111111111111111111111111112 is staked, but you want some value working for you now, a position to enter, exposure to hedge, SOL you need this week
We’ve partnered with @pyefinance to allow SagaDAO Validator stakers to sell their future staking rewards for SOL today
Try it out 👇
Right now a transaction on Solana takes about 13 seconds to fully settle. Its next upgrade cuts that to roughly 150 milliseconds, around 100 times faster. Validators approved it ~98% to ~2%.
Final settlement is about to feel instant.
What would you do if you got your future staking rewards today?
Pra que gastar amanhã o que a gente pode gastar hoje?
Speedstake da @pyefinance me deu acesso às minhas recompensas futuras hoje.
Os economistas chamam isso de liquidez, eu chamo isso de queimar a largada e tomar decisões questionáveis que com certeza vou me arrepender depois...mas esse é um problema para a Rafaelando do futuro.
Bullish on SOL but your charts predict an upcoming dip? Sell your future rewards for SOL today and rotate into stables, cutting exposure without unwinding your stake.
Your principal stays locked at your validator, redeemable 1:1 after however long into the future you sold.
Solana has only the third-largest stablecoin supply of any chain.
In February it still settled more stablecoin volume than any of them, ~$650 billion in a single month.
85% of SOL staked does not have access to DeFi. Speedstake by Pye offers native stakers new strategies by getting paid rewards upfront:
1. Hedge $SOL price with stables
2. Fund operating costs without touching principal (protocols, DAOs, validators)
3. Bridge funding
4. Reinvest in other opportunities
Good new first: Sol is a smart, efficient, and a significant step forward.
Good new first: Sol is a smart, efficient, and a significant step forward. It is the same price as GPT-5.5. Also launching in the GPT-5.6 family is Terra, with 5.5-level performance at half the price.
Bad news: at the request of the US government, it is launching today in limited preview instead of the open access launch we were planning on. We are working with the government to get to general availability as fast as we can.
I think it is quite reasonable to roll out models--especially as they reach significant new levels of capability--in this way. It fits with our long-held strategy of iterative deployment. But this isn't quite the process that we think is optimal.
Now we will with the government to attempt to get to a transparent, reliable process for early access, and to ensure that as long as our safeguards work as intended we can release widely. We want to be a reliable, dependable partner that works with all stakeholders, and we also want to live by our mission of benefiting all of humanity. I believe the government shares most of our goals, and that they are overall doing a good job in a very difficult situation.
We will work as quickly as we can to get this model in your hands and we hope you will love it.