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--- defi [2023/05/16 16:31] – created donpdonp
+++ defi [2024/07/17 03:19] (current) – donpdonp
@@ Line 1: / Line 1: @@
+= DeFi notes
-## DeFiLlama
+- Jun
-### Long-Short Strat
+https://app.ethena.fi/
+https://www.hermetica.fi/
+https://decrypt.co/239925/bitcoin-developers-launch-btc-backed-stablecoin-as-rune-token
+“The protocol accomplishes this by coupling a spot BTC position with a short perpetual futures position,” explained Schillinger. The protocol’s design mimics that of Ethena, pioneers of the Ethereum-based stablecoin USDe
+- May
+=== DeFiLlama ===
+== Long-Short Strat ==
 Given one trusted coin (T) and one untrusted coin (U), deposit both in liquidity pool. Early LP rewards.
-risk: U price drop devalues both the pool deposit and and previous rewards
+  * risk: U price drop devalues both the pool deposit and and previous rewards
-boost: short U on a derivatives platform, collecting hourly fee
+    * mitigate: short U (buy puts) with strike price as current price of U
-problem: derivatives platform pays only when short is against market sentiment (more longs than shorts)
+    * problem: no options market for U
+  * boost: short U on a perpetual derivatives platform, collecting hourly fee
+    * problem: derivatives platform pays only when short is against market sentiment (more longs than shorts)