Tindorr🚢

AAVE price is now back to 2022-23 range.
Is this a good buy? Depends on your view:
Bullish:
- Largest DeFi protocol by TVL (~$25B) at just $1.37B mc
- 95% unlocked, minimal sell pressure from vesting
- High expectation on V4 (major catalyst)
Bearish:
- Key contributors left (ACI, partners)
- Increasing operational risk
- V4 is an entirely new product with Aave tag
- V3 TVL will drop as liquidity migrates to V4
- V4 adoption/success is not guaranteed
- Morpho is gaining ground
Price is back to where it was before the last hype cycle. Either this is accumulation or a slow bleed.
Depends which si

Farming RWA yield through PT on @pendle_fi is still my favorite.
It's one-click and worry-free + limit order (LO) incentives make the PT price better
Here are 4 RWA PTs I rotated into:
1 - PT thBILL (7.1% APR) by @Theo_Network
thBILL is an institutional tokenized short-duration US T-Bills product (via partners like Libeara and Wellington). It captures near risk-free T-bill yields with some spreads.
I've been farming Theo's thBILL for months. So far it's great, and PT yield recently went back to the interesting level from LO incentives. T-Bill but 7.1%? I’ll take it.
2 - PT cUSDO (6% APR) by @O

Spent 10 days in Korea🇰🇷, and it was awesome.
What I'd tell anyone planning a trip:
- Mix cities. Seoul is great, but Jeju and Busan hit different.
- Also try roadtrip from Seoul to Gangneung, definitely worth it.
- Hike Bukhansan. 50 mins by metro from central Seoul and the views are unreal.
- Eat everything.
- Seafood in Busan and Gangneung is insanely fresh and cheap.
- Korean BBQ is not all the same either. Tried Ggupdang in Seongsu (Michelin Bib Gourmand)
- Stay in Hongdae if you want the vibes. Sleepless area with places to hang out even at 1am.
- Also stumbled into Yeonnam area by acc

Drift exploit reminds us to always diversify your portfolio
This was my port before the cleanup
Things to fix:
• Each allocation should stay below 5%
• Pendle-related concentrate risk is still too high imo
• Some have connected second-order risks
Dodged the bullet again this time. Always room to improve.

DeFi yield is moving beyond onchain funding rates.
The next frontier is yield from CME Gold futures markets.
Gold? Yes. Gold contango (future price > spot) is structural, driven by interest rates and cost of carry. The spread between spot and futures is delta-neutral yield waiting to be captured.
@Theo_Network is one of the first protocols to bring this onchain with thUSD:
- Long tokenized gold (thGOLD)
- Short gold futures on CME
- Pocket the basis spread.
Moreover, thGOLD itself earns ~2% from secured lending to gold retailers. Two independent yield sources stacked together.
I'm waiting to j

A lot of posts saying DeFi on Solana > DeFi on Ethereum/EVM
But:
• Ethereum TVL is 8x larger (over 10x if include L2s)
• Most institutional-grade DeFi lives in EVM
• Network effects like Morpho/Euler/Aave + Curve + Pendle attract new DeFi protocols to build on EVM
• New concepts are likely born on EVM first, before they get replicated on Solana (e.g. Pendle-style or Ethena-like protocols)
I think the most interesting one on Solana right now is RWA/stocks as collateral on money market.
What else?

Some whales are looping PT srUSDe on Aave. 🚨
Aave just increased its supply cap to $200m. And it reached $136M within a few hours (+36%).
Why are they farming? Because it's profitable:
- 29.71% APY when max loop
- Each loop has +4.49% APY from PT srUSDe yield
- Borrow USDe on Aave (2.31% APY, cheapest rate)
- Deep liquidity, easy to unwind
I saw this coming a few days ago, so I decided to create this 5x looping strategy template for everyone on @Infinit_Labs.
So you don't need to calculate the amount in each step but can still get 14.61% APR on 5x loop.
TLDR on how this strategy template work

Now is the time to test new trading strategies.
Been saying grid trading on commodities works
Grid bot (short-biased) works well now that WTI is retracing from the panic.
Will turn this strategy back on again if oil moves back to $110.