Head of Growth @derivexyz
New York City
Joined April 2021
- Tweets891
- Following1.4K
- Followers1.8K
- Likes11.9K
Dating scene is brutal these days
The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback.
This moment reaffirms our independent path and the community's belief in it.
Derive operations remain uninterrupted. Trading is live, liquidity is strong, and we're focused on scaling onchain derivatives.
We remain committed to the shared mission of making Ethereum the venue for decentralized derivatives.
As onchain finance matures, feels like we'll see a divide RuneScape-style:
• DeFi (the wildy); experimental, risky, high reward.
• CeDeFi (the safe zone); protected with legal recourse.
Some projects will straddle between both.
3
21
2,871
AI tools are so powerful. Spent the weekend vibe coding this side project using @shadcn, @windsurf_ai and Claude Sonnet 3.7.
Tokenomics inspired by US Govt.
ALT steady lads
7
15
1,319
Bubble tea and coffee shops pop up everywhere; low effort, high margin, easy to replicate. Just like perpetual futures in DeFi.
Derivatives like options on the other hand is more like running a craft bakery; skilled bakers, special gear, longer ramp-up. Bakeries can easily add coffee or boba to their menus. The other way around? Not so much.
People chase short-term gains, but real winners build where asymmetry favours the long-term.
What if undercollateralised lending already exist in DeFi?
People talk about undercollateralised lending like it’s some final boss. The holy grail. But what if we already have it? It just doesn’t map 1:1 to TradFi.
In traditional finance, undercollateralised lending happens when banks reuse the same collateral multiple times. They don’t just sit on your deposit; they lend it out, sometimes over and over, creating credit from risk.
DeFi does something similar with rehypothecation. Take ETH. Stake it, get an LST. Restake that, get an LRT. Deposit it into a lending protocol, borrow against it, loop it through another yield strategy. That same ETH is being used over and over, multiplying liquidity, fueling leverage, and driving yields up.
The result? More capital efficiency. More liquidity. More activity. Which is what drives people to build undercollateralised lending.
People assume one day protocols will offer undercollateralised loans. But DeFi might not need to copy TradFi in this instance. Maybe it’s just rhymes.
10
1,318
North Korea just yanked $1.5B of ETH outta circulation
for perspective, that would be like if @VitalikButerin burned all his ETH.. twice
you know what that means right? nfa.
ALT surprise EF burn
SOL tourists heading for the exits, ETH maxis stacking. How are users trading this?
Post yield-bearing ETH as collateral and short SOL perps on @derivexyz.
If ETH rips, my collateral moons.
If SOL fades, my perps print.
If both happen? I retire early.
No other DEX lets you long fundamentals while farming yield. Welcome back to quality. NFA.
ALT Community is so important guys
1
10
552
found a promising project, 14 million monthly active users, $3bn FDV, just added AI to their 2025 roadmap
2
7
373
Japanese Bank: "In the event of any fraudulent transactions, he would make amends with his own money and even swear to commit seppuku."
@aave Guardians, can you match this?
Source: shikokubank.co.jp/profile/se…
ALT Based Bank
