most likely to succeed | growth @backyard_fi | leading @perpsonsolana | Telegram: sol_mango
Solana
Joined September 2021
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- Following2.5K
- Followers9.2K
- Likes64K
Mango retweeted
Other aggregators decide for you
> Pre-set strategies
> Mostly one yield source
> Yield is not attractive enough
Backyard gives you freedom:
> Pick the vaults yourself
> Diversify by yield source, not just venue
> Better yield opportunities, up to 15% APY
Choice is yours 🌱
.@solana DeFi is starting to level up its stablecoin yield ceiling
for context: top 5 stablecoin vaults on Solana (~$950M in TVL) earn ~5.75% average APY. meh...
this is a big part of what we’re doing at @backyard_fi, bringing more attractive yield opportunities to Solana users.
(btw, today you can earn 14.75% APY with our Syntropia vault)
Explore Backyard and create your strategy: app.backyard.finance
going community heavy is the alpha???
More and more projects are going community-first, with real incentive programs behind it.
@MeteoraAG is def one of them, with their Staking Referral Program is running into Cycle 4 and beyond.
(btw, Cycle 4’s rewards pool is already at ~$715K)
🔴 NO ONE THINKS IT’S A BIG DEAL... BUT
@hylo_so closed a $1M strategic funding round in one of the HARDEST times to raise for Solana DeFi
(and tbh for DeFi in general)
VCs and angels are very hesitant to invest in DeFi after all the exploits.
With Hylo, it might be the start of the Solana DeFi market going from a stagnation period to a more active phase.
Hylo closed a $1M strategic funding round led by @SolanaVentures with participation from @colosseum.
This marks Solana Ventures' 2nd and Colosseum's 3rd investment in Hylo, reflecting their continued conviction in our vision to scale leverage and yield infrastructure on Solana.
Mango retweeted
This is why @solana stays #1.
No major outages in over 2 years + upgrades that actually ship is the difference between a chain people only talk about and one millions of people actually use every day.
The infra is consistently improving. That's how you stay the leading chain.
🚨 [EASIEST EXPLANATION]
if you are degen (just like me) and don't understand why @anza_xyz's Alpenglow is big deal for @solana, this is for YOU 🫵
NEW POD
We cover:
– Why @kamino wants to be invisible
– Tokenization is useless w/o credit
– Why Goldman won't lend on private assets
– Why venture can't be collateral (yet)
– Why the CEO's upside is all solana:KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
@WeiszM @JasonYanowitz
TIMESTAMPS:
00:00 Intro
00:54 Why Leave Fintech For Crypto?
05:43 Why Join Kamino?
10:01 Kamino’s Vision For Onchain Finance
14:06 Who Owns The Customer Relationship?
17:13 Bringing Institutions Onchain: Four Pillars
23:34 Why Private Assets Need Onchain Credit
27:23 Which Assets Make Good Collateral?
33:27 Can DeFi Attract Top Asset Managers?
39:18 Running Kamino Like A Public Company
43:28 How Do Collateral And Liquidations Work?
46:45 Why Choose Tokens Over Equity?
50:05 Building Kamino’s Team
52:49 Final Thoughts
Why is no one talking about this MetaDAO project?
> @crediblefin recently surpassed $1B in payment volume, with ~$530M added in Q3 alone
Total is a little over $1.4B now
$CRED token is up 22% this month, at $0.66 rn
NGL, they’re one of the few MetaDAO ecosystem teams that are shipping hard 🤯
Mango retweeted
On Solana?
Holding stables?
Want them working?
You're already one of us.
Migrate your existing DeFi positions or put your capital to work with our yield manager, and earn up to 15% APY (your portfolio will thank you later 😉)
So, @onrefinance added $50M to their AUM in the past 3 months, which is INSANE 😤
Right now, a few ONyc strategies on @kamino, @ExponentFinance, and @Loopscale give you up to 6x point boosts, and I don’t think OnRe points have ever been more valuable.
Accumulate as many points as you can, as fast as you can.
Mango retweeted
As ONyc expands across DeFi, so does the need for visibility into the strategies built around it.
@elementaldefi has updated its dashboard to show every strategy allocating to ONyc and earning OnRe Points, giving depositors a direct view of their OnRe exposure within Elemental's interface.
First, we had a partnership with Samsung, then @solana’s logo ad in Shanghai, then the @solanamobile partnership with Ledger...
What’s next? Breakpoint 🇬🇧
T-minus 30 days until, what I expect to be, the biggest Solana event to date, packed with even more announcements, great speakers, and unmatched energy.
If you’re still debating whether to go or not, the answer is YES, ABSOLUTE YES ⚡️
bet against @backyard_fi if you want
but we won't stop shipping...
S0 launched on July 21st, and 2.5 months later, we achieved more than we could have imagined.
31 vaults, $2M in TVL, submission to @colosseum, and delivering one of the highest stablecoin APYs on Solana (15.30% btw)
onwards.
Backyard's integrated @solana vaults map
31 vaults, grouped by yield source categories:
• Lending markets: 24
• Market making & DEX liquidity: 5
• Delta-neutral & Managed: 2
We built the foundation during Season 0. Season 1 is when the map gets wider 🌱
Backyard is where you create your perfect strategy.
Honestly, this whole Ledger thing is fucked up
I don't want think in negative light, BUT crypto already has a pretty bad reputation outside of CT, and now, people can't even trust their COLD wallet
Which is supposed to be the "safest" way to store your crypto btw.
Hopefully normies won't take it as bas as it is. Meanwhile, pivot to @multisig
