Very good read. The era of effortless stablecoin / synthetic $ yield is over. Most sizeable defi strategies have been around 4.5-8% for the last 6 months, a lot juiced by token incentives. This was pre 10/10 (leverage in the system has disappeared) and pre Stream.
What looked
You are asking important questions.
Firstly, margin risk is systematically managed and no otc concentration in a single name. These are quite diversified.
The protocol maintains a margin buffer, a target leverage ratio on the portfolio + liquid stable
coins to meet required
Some thoughts on the locked token market & the biggest source of yield in crypto that no one is talking about
I joined STIX a few months back, which is the largest brokerage firm for locked tokens, and have been observing/learning about the secondary OTC landscape. With this new
Our Founder, @taran was invited to the @0xSteadyLads podcast to discuss OTC trading dynamics for altcoins and the affect of recent US elections on altcoins and meme coin markets. Listen now! 🎧
STIX is headed to Bangkok for DevCon! We are looking forward to meeting our partners, friends and power users. If you'd like to meet up, our DMs are open!