What has Solana turned into.. https://t.co/tL9C6azdGH
What has Solana turned into.. https://t.co/tL9C6azdGH
drift protocol gets wiped for a quarter of a billion and a day later Toly is shilling Bernie Senders coin https://t.co/V60cYXjxTg
This Is cool but:
-We need realized APY (net of fees) instead of APY displayed on website to enable yield comparison on a like to like basis
-A proper risk assessment (moody’s like)
So here the initial impression is cool. But vibe coming something in 2 days is not enough to better standard to DeFi.
All of this takes time to ensure that the analysis and product is robust.
Been working on something like this for the past month (@yieldcompass).
Building a proper and sound risk assessment is hard
Tracking realized APY is not always straightforward.
BUT WE NEED THIS IF WE WANT TO LEVEL UP THE DEFI GAME ON SOLANA.
Launching very soon
I’m tired of losing money
So I locked in the past two days and built a website that tracks almost every stablecoin yield on Solana
- Risk (audits, multisigs, liquidation risk)
- APY (and where the yield comes from)
- Airdrops
🔗 https://t.co/KdAElmbluR https://t.co/f0QAoQ1l13
I'll be the first to admit, this is a great addition to the Solana API!
I just wish it was open source.
More on this soon. https://t.co/xscqdnmFkF